Good pips
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- #887
- Aug 21, 2015 5:42am Aug 21, 2015 5:42am
- | Joined Apr 2014 | Status: Trader | 1,900 Posts
Took 3 trades on 5 min chart, missed 1 and closed all three for 79 pips. No losses. Could have been 100+ but I was late to the close signal. Qtum set at 200. A lot fewer signals on the 5 min yet I still took 80 pips! Had I took the fourth trade it would have been 100+ I used a 100 SL and moved to 50 when profit hit 30 pips per trade. Will test the 5 min again next week. Some of the pips being pulled on this thread are incredible. {image}
I had some good trades this week on 5min TF too.
- #889
- Edited 9:12am Aug 21, 2015 7:24am | Edited 9:12am
{quote} 'MorningThanks for your ideas, LL, & I see what you are getting at. My jQuantum template is already a "busy" chart by my standards, so unless I really connect with an indi, I'll leave it off. Here's a chart I posted last month on the Flag Trading the Trend thread.. almost naked & the only thing I'll sometimes add is a 9 period Donchian channel, purely as it makes short-term SR levels easier to see (I trade the Bund very short term, entering on pullbacks in a swing) : {image} If this project survives my forward test, I will trade it Live...
I looked at your charts ... on the bund are you getting to BE after 4 points then a discretionary exit (s/r, hi/low, trail etc)
WARNING: Don't follow me as I'm just learning
- #890
- Aug 21, 2015 7:37am Aug 21, 2015 7:37am
- Joined Oct 2013 | Status: Trader | 2,059 Posts
I Just Found a Fresh New Setup on Higher Timeframe.......
And, I am going to test the Quantum System on it, and this kind of setup needs about 3 days or so
to produce any significant results...
Fingers Crossed Gang!
And, I am going to test the Quantum System on it, and this kind of setup needs about 3 days or so
to produce any significant results...
Fingers Crossed Gang!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
- #891
- Aug 21, 2015 7:42am Aug 21, 2015 7:42am
- Joined Oct 2013 | Status: Trader | 2,059 Posts
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
- #892
- Aug 21, 2015 8:08am Aug 21, 2015 8:08am
{quote} Well said! On the flip side, if they are so ready to envision making quick Money, they should be prepared their mind to absorb Massive DD.....
This system only works on DD. And also a massive DD is tradable! as long as you adapt the lot size to your account and take the right action at the right moment!
- #893
- Aug 21, 2015 8:15am Aug 21, 2015 8:15am
- Joined Oct 2013 | Status: Trader | 2,059 Posts
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
- #894
- Aug 21, 2015 8:22am Aug 21, 2015 8:22am
- Joined Oct 2013 | Status: Trader | 2,059 Posts
{quote} HI JAY! This system only works on DD. And also a massive DD is tradable! as long as you adapt the lot size to your account and take the right action at the right moment!
Yes! Massive DD is tradeable when you have faith in your system, but it's always FUN when you are on the right side of the Trend...
Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
- #898
- Aug 21, 2015 9:32am Aug 21, 2015 9:32am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
{quote} It would be great to see more of the details! I looked at your charts ... on the bund are you getting to BE after 4 points then a discretionary exit (s/r, hi/low, trail etc)
My Quantum chart setup is fairly simple & I've already described my method : the only change I've made is to increase the OB OS levels to 85 / 15. Here's the indi set that constitutes the jQuantum template :
I'm going to step back now and fwd test. Take care everyone & watch that risk of ruin...
- #899
- Aug 21, 2015 9:46am Aug 21, 2015 9:46am
- Joined Jan 2007 | Status: Trader | 1,626 Posts
{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!........
