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Quantum London Trading

  • #841
  • Aug 20, 2015 9:40pm Aug 20, 2015 9:40pm
Quoting mer071898
{quote}
You gotta love retracements don't you.....

Masterrmind...........
Master your Mind then Master your Trades
  • #842
  • Aug 20, 2015 9:46pm Aug 20, 2015 9:46pm
Quoting cigarguy
{quote} This is basically how many traders traded in a "previously popular" thread here at FF by entering with what they called "Scouts" and most suffered huge draw downs and went bye bye real quick......
Well you can see where I pulled out.... early on in the part for a handful of trades in profit.

But I prefer to load up a little more during the Asian session which has been working like a charm.

Each to their own in this method I suppose and glory be to the one that pulls through to the other end.

Its a very powerful method but not without danger!

Still I have taken much since starting it and it adds to my other trading techniques so its one for me..........

Masterrmind.........
Master your Mind then Master your Trades
  • #843
  • Aug 20, 2015 9:47pm Aug 20, 2015 9:47pm
Quoting Masterrmind
{quote} Well you can see where I pulled out.... early on in the part for a handful of trades in profit. But I prefer to load up a little more during the Asian session which has been working like a charm. Each to their own in this method I suppose and glory be to the one that pulls through to the other end. Its a very powerful method but not without danger! Still I have taken much since starting it and it adds to my other trading techniques so its one for me.......... Masterrmind.........
No worries for you because I traded with you on other threads, but newbies much use care for longevity aka capital preservation..........
Keep It Simple
  • #844
  • Aug 20, 2015 9:56pm Aug 20, 2015 9:56pm
Quoting cigarguy
{quote} No worries for you because I traded with you on other threads, but newbies much use care for longevity aka capital preservation..........
Fail to control your risk correctly and as you say................ bye bye!

It's always the case in trading you need to know a lot more than just enter at this color and close at that color.

Unless your trading account size is infinite which no-ones is so we have the answer!

Masterrmind.............
Master your Mind then Master your Trades
  • #845
  • Aug 20, 2015 10:06pm Aug 20, 2015 10:06pm
Quoting Masterrmind
{quote} Fail to control your risk correctly and as you say................ bye bye! It's always the case in trading you need to know a lot more than just enter at this color and close at that color. Unless your trading account size is infinite which no-ones is so we have the answer! Masterrmind.............
Exactly correct! Understand and recognize psychological numbers (aka key levels), S & R as well as many other studies and don't fight the MM's (aka banks the big $) just recognize and trade with their momentum....... enough said!!

Stay GREEN My Friend!
Keep It Simple
  • #846
  • Aug 20, 2015 10:10pm Aug 20, 2015 10:10pm
GBPUSD [M1 Chart]

Some trades taken so far from Tokyo Open...........

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB


manual closes.

Nice start to Friday........

Masterrmind............
Master your Mind then Master your Trades
  • #847
  • Aug 20, 2015 10:14pm Aug 20, 2015 10:14pm
Quoting Masterrmind
GBPUSD [M1 Chart] Some trades taken so far from Tokyo Open........... {image} Nice start to Friday........ Masterrmind............
When you close at the opposite box indicating to "close" are you opening in that direction at the same time pending another "closing" box? I see traders here are using different t/f's and somewhat making this system "their own" so just curious! I see that you do close some manually as well.......
Keep It Simple
  • #848
  • Aug 20, 2015 10:28pm Aug 20, 2015 10:28pm
Quoting cigarguy
{quote} When you close at the opposite box indicating to "close" are you opening in that direction at the same time pending another "closing" box? I see traders here are using different t/f's and somewhat making this system "their own" so just curious! I see that you do close some manually as well.......
What I usually do but not always is apply the EA (its a tool pure and simple but it gets the trades entered fast and timely after all a signal can appear in the next 60 seconds if you are trading the M1 chart) because it is faster at opening trades and to also set it to close out trades with my own set of values, however I will monitor trade progression and close out trades manually if I think its necessary.

As you know I am a strong PA trader and therefore depending on several factors, especially key levels I might close out some of the trades in profit and let some of the other trades in profit continue on their journey.

I monitor the charts like a hawk..... as always!

Yes the idea is to continue on in the sequence so as you close out trades you enter new positions on an opposite signal and so the process continues.

Of course the trader should be in control and making the decision to stop trading or to continue trading as the next box presents itself.

Its very easy to apply but the key here is NOT to let the trades run out of control!

A higher TF chart will necessitate slower entries based on minimum entry time of the candle duration but subject to a Quantum box being painted.

ps. there are several traders here testing their own ideas but based on the standard Quantum system

Masterrmind...........
Master your Mind then Master your Trades
  • #849
  • Aug 20, 2015 10:38pm Aug 20, 2015 10:38pm
Quoting Masterrmind
{quote} What I usually do but not always is apply the EA (its a tool pure and simple but it gets the trades entered fast and timely after all a signal can appear in the next 60 seconds if you are trading the M1 chart) better to open the trades and set it to close out trades with my own set of values. As you know I am a strong PA trader and therefore depending on several factors, especially key levels I might close out some of the trades in profit and let some of the other trades in profit continue on their journey. I monitor the charts like a hawk........
OK thanks, just curious as I primarily trade PA and key levels as well using an EA set with my TP and stops (were probably using the same or similar EA as before) My system is serving me well but always open to new ideas!........
Keep It Simple
  • #850
  • Aug 20, 2015 10:47pm Aug 20, 2015 10:47pm
Its important to note that Scott (mer......) prefers to start looking for entries around the GMT 5am period (ie just before FF session kicks off and once a set of trades are opened then trading will cease for the day upon an opposite Quantum signal box when all trades are closed out.

No further entries are made for that trading day.

Note however that the DD during the FF + London sessions is as expected much larger in this trading period and that is why I increase my lot size significantly during a lower volatile and usually (read as almost always) lower pip range of the Asian session. However, the best part is a far lower DD in pips anyway which some traders might find far easier to manage. It would probably not be too exciting for traders applying minimal lot size though since net gains would be low (one reason why I use decent sized lots).

As always each to their own!

Masterrmind..........
Master your Mind then Master your Trades
  • #851
  • Aug 20, 2015 10:50pm Aug 20, 2015 10:50pm
Quoting cigarguy
{quote} OK thanks, just curious as I primarily trade PA and key levels as well using an EA set with my TP and stops (were probably using the same or similar EA as before) My system is serving me well but always open to new ideas!........
New ideas......... bingo!

That's what keeps the mind active and I for one do not believe that a trader should become so stubborn as to NOT look at different ideas.

There is always good and bad in every system.... its up to the trader to extract the useful bits!

Masterrmind..........
Master your Mind then Master your Trades
  • #852
  • Aug 20, 2015 11:11pm Aug 20, 2015 11:11pm
Hey, i have been testing this method on a demo for a few days but also been using quantum's beforehand. This will be my first day taking this system to my live account. So far i like the system, sometimes i have been exiting trades slightly differently but wont get onto that as it drifts off topic. Happy trades everyone !
  • #853
  • Aug 20, 2015 11:55pm Aug 20, 2015 11:55pm
Quoting Masterrmind
GBPUSD [M1 Chart] Some trades taken so far from Tokyo Open........... {image} manual closes. Nice start to Friday........ Masterrmind............
hello masstermind
I'm watching my chart GBPUSD M1 Tokio Open markets
and did not give the same signs that their
you are using a different setup on this occasion?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdtokyo.png Size: 87 KB
  • #854
  • Aug 21, 2015 12:01am Aug 21, 2015 12:01am
Quoting kemps1982
{quote} hello masstermind I'm watching my chart GBPUSD M1 Tokio Open markets and did not give the same signs that their you are using a different setup on this occasion? {image}
Hey Kemps, i also dont see the qauntum's that mastermind did, i think this could be something to do with the broker ?!?
  • #855
  • Aug 21, 2015 12:08am Aug 21, 2015 12:08am
Quoting JnqzForex
{quote} Hey Kemps, i also dont see the qauntum's that mastermind did, i think this could be something to do with the broker ?!?
may be the broker? I do not know
I am testing IC Markets
  • #856
  • Aug 21, 2015 12:16am Aug 21, 2015 12:16am
Quoting JnqzForex
{quote} Hey Kemps, i also dont see the qauntum's that mastermind did, i think this could be something to do with the broker ?!?
I believe Masterrmind has changed the default 325 of the Quantum indi setting to a different...
there is always, always another trade!!
  • #857
  • Aug 21, 2015 12:22am Aug 21, 2015 12:22am
Quoting profitfarmer
{quote} I believe Masterrmind has changed the default 325 of the Quantum indi setting to a different...
Yeah thats the other possibility
  • #858
  • Aug 21, 2015 12:26am Aug 21, 2015 12:26am
Quoting profitfarmer
{quote} I believe Masterrmind has changed the default 325 of the Quantum indi setting to a different...
It is certainly not a broker but the setting
I tested some values
200 is the value that most closely matches
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdtokio.png Size: 161 KB
  • #859
  • Aug 21, 2015 12:27am Aug 21, 2015 12:27am
someone like to trade this on different pair, might look at EURAUD pair now...
both M1 or M5 chart will show a decent entry, as lots of levels up already...
on M5, there is about 60 quantum formed, so, in a way maybe that much closer to a blue signal, and lots of drawdown dodged?
there is always, always another trade!!
  • #860
  • Aug 21, 2015 1:34am Aug 21, 2015 1:34am
Quoting kemps1982
{quote} hello masstermind I'm watching my chart GBPUSD M1 Tokio Open markets and did not give the same signs that their you are using a different setup on this occasion? {image}
Yes a smaller value.......... which varies depending on the chart being traded.

The value I used today during Tokyo was 125.

This value usually increases for the trades I take heading into FF session (but it too can be varied)

Masterrmind...........
Master your Mind then Master your Trades
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