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Quantum London Trading

  • #921
  • Aug 24, 2015 3:40am Aug 24, 2015 3:40am
My thoughts on today.
5 min chart
4 trades
Closed for +208 pip
Moved my 100 SL to BE at +30 pips each
Closed as S/D zone just above and price just touching 1.5700 RN.
Appreciate it's not the complete system using 5 min and SL but call me old fashioned...
No exit signal however 200 pips is pretty phenomenal and enough. I would not want to give it back to Mr market who has a habit of taking pips back with interest!
Thank you and have a great day.

Update... exit signal arrived at 12 pips higher then exit. Phew.
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  • #922
  • Aug 24, 2015 4:01am Aug 24, 2015 4:01am
Another awesome Monday............

Masterrmind...........
Master your Mind then Master your Trades
  • #923
  • Aug 24, 2015 4:08am Aug 24, 2015 4:08am
Quoting Masterrmind
Another awesome Monday............ Masterrmind...........
Long may it continue.
Any thoughts on using S/D & RN as an insight on exit or do you prefer the Q exit signal for KISS.
  • #924
  • Aug 24, 2015 4:23am Aug 24, 2015 4:23am
Quoting courtneywild
{quote} Long may it continue. Any thoughts on using S/D & RN as an insight on exit or do you prefer the Q exit signal for KISS.
I guess you keep using what works and limit the number of trades you wish to take based on 'likely' DD scenario, at least for the FF entries.

Asian session, well that requires a bit of finesse and depends on your strategy.

It always pays to be aware of S+R, key levels, BRN's, Fibs and the news of course so factor that in as required.

There really has not been much go wrong during the FF entries though.

Its working!

Masterrmind...........
Master your Mind then Master your Trades
  • #925
  • Aug 24, 2015 4:43am Aug 24, 2015 4:43am
Quoting Masterrmind
{quote} I guess you keep using what works and limit the number of trades you wish to take based on 'likely' DD scenario, at least for the FF entries. Asian session, well that requires a bit of finesse and depends on your strategy. It always pays to be aware of S+R, key levels, BRN's, Fibs and the news of course so factor that in as required. There really has not been much go wrong during the FF entries though. Its working! Masterrmind...........
I think it's my tendency towards preservation of capital drilled into my head by every decent course I've taken that leads me to add those, however, you're right, the results from the FF session are so far incredible considering such a simple approach. I'm in the EU so FFs ideal plus of course 1 hour ahead of GB open.

I'm participating having calculated lot size and number of trades I'm prepared to risk "live" given DD at 100pip SL (disaster only hopefully). I want to keep it real so when I go live test expectations are sensible. I know I wouldn't have 10 or 16 trades open on a live account as its beyond my sanity zone. I'm at .05 lot and 4 trades to keep potential DD at min but providing enough room to allow the system to slowly build equity then increase trade numbers or lot as appropriate, if that makes sense. Thanks for all your help on here.
  • #926
  • Aug 24, 2015 4:56am Aug 24, 2015 4:56am
I'm with you on that one. I've been trading this method as per the original spec for several weeks now live( since it was posted virtually). I'm always on a 100 pip stop and in my mind I'm limiting myself to 10 entries(ill only add if there's a substantial spike). This means a large amount of discretion when placing them basically making sure I'm getting a different price and only really loading them on nearing S/R zones. Ive missed out on huge amounts of profit compared to others on here but I'm terrified of 'that bad trade'. Just scroll back to 7 july (I think) and some other dates around then 10 july? 10 June maybe? theres some hideous days which the large account holders can withstand and I'm sure with scaling up the entires as your meant to do the losses/profits are not as bad a s they may look, but it scares the hell out of me.
(but I do love this method)
  • #927
  • Aug 24, 2015 4:58am Aug 24, 2015 4:58am
Quoting courtneywild
{quote} I think it's my tendency towards preservation of capital drilled into my head by every decent course I've taken that leads me to add those, however, you're right, the results from the FF session are so far incredible considering such a simple approach. I'm in the EU so FFs ideal plus of course 1 hour ahead of GB open. I'm participating having calculated lot size and number of trades I'm prepared to risk "live" given DD at 100pip SL (disaster only hopefully). I want to keep it real so when I go live test expectations are sensible. I know...
Yes you are making sense!

However, for this type of method I don't apply a SL of say 100 or 150 or 200 or whatever someone might come up with....not the way to go!

I analyze the chart, check key levels etc etc add in a bit for news impacts so I have a good idea of where price is 'likely' to go and then I build my lot sizes around this information NOT pips.

Big HINT: When was the last time you noticed price pull up on a dime @ 100 pips?
Bigger HINT: When was the last time you noticed price pull up and reverse off a PIVOT POINT......

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #928
  • Aug 24, 2015 5:17am Aug 24, 2015 5:17am
dont know if was posted here ,but maybe this indi can help to play a bit
Attached File(s)
File Type: mq4 shved-supply-and-demand.mq4   24 KB | 517 downloads
Take what you can, give nothing back
  • #929
  • Aug 24, 2015 5:24am Aug 24, 2015 5:24am
Quoting Masterrmind
{quote} Yes you are making sense! However, for this type of method I don't apply a SL of say 100 or 150 or 200 or whatever someone might come up with....not the way to go! I analyze the chart, check key levels etc etc add in a bit for news impacts so I have a good idea of where price is 'likely' to go and then I build my lot sizes around this information NOT pips. Big HINT: When was the last time you noticed price pull up on a dime @ 100 pips? Bigger HINT: When was the last time you noticed price pull up and reverse off a PIVOT POINT...... ...
Fair point on the SL its a complete and utter comfy blanket lol.
Pivs yes... like price currently accumulating around weekly Mid piv 1.5707 and exit signals appeared.
  • #930
  • Aug 24, 2015 5:27am Aug 24, 2015 5:27am
Quoting Spoon138
I'm with you on that one. I've been trading this method as per the original spec for several weeks now live( since it was posted virtually). I'm always on a 100 pip stop and in my mind I'm limiting myself to 10 entries(ill only add if there's a substantial spike). This means a large amount of discretion when placing them basically making sure I'm getting a different price and only really loading them on nearing S/R zones. Ive missed out on huge amounts of profit compared to others on here but I'm terrified of 'that bad trade'. Just scroll back to...
How's your live account doing if you dont mind the Q/
  • #931
  • Aug 24, 2015 5:36am Aug 24, 2015 5:36am
Quoting Husky77
dont know if was posted here ,but maybe this indi can help to play a bit {file}
  • #932
  • Aug 24, 2015 5:52am Aug 24, 2015 5:52am
Its doing very well at the moment. I only trade the first set up of the day as per the original setup. Ive not had a losing session on this yet, although I have missed occasional days. I like many others have been taking discretionary exits too on some positions mainly to reduce my exposure whilst waiting for the opposite square. The biggest problem for me is I'm not willing or able to commit to this system as much as others due to the size of the account. I like to think as catastrophic as a complete closure on a session would be it wouldn't be the end of the world. I'm pretty sure the system as whole has not had a bad day yet since posting. there was one day which I think had to be carried over and suffered some pretty large DD. I cant remember when, mer did post its results which were positive, I thankfully missed that setup.
The biggest psychological issue is I'm having to commit a massive amount of my account for what are relatively small gains but I just love the simplicity and consistency and on paper it beats everything else I'm doing. As ive said before in here I'm very concerned once the holiday season is over. The principles still stand around the Frankfurt open and its opposing direction but if you miss an entry and get caught in the main move as happens if you scroll back..well I just don't know?
Ill probably take a week off this when the uk schools go back to see how it behaves.
( and like you say the 100 pips is purely caution, power out, internet down etc..and if I'm at the helm ill widen them if needed) I have found rarely does it go beyond 50 or so at the moment)
  • #933
  • Aug 24, 2015 6:16am Aug 24, 2015 6:16am
hello mer and everyone;i have a question to mer or for all,this indicator is coded in MQL,i mean this indicator can use it only in MT4 or can recoded to use it in Currenex or in serieus platforms?(i hope the question is clear) can this indicator can use it the 10 major pairs(EUR/USD GBP/USD CHF/USD CAD/USD AUD/USD JPY/USD NZD/USD EUR/GBP CHF/USD EUR/JPY) or is good only in GBP/USD?

i hope my questions are clear

best regards
  • #934
  • Aug 24, 2015 7:16am Aug 24, 2015 7:16am
Quoting Spoon138
Its doing very well at the moment. I only trade the first set up of the day as per the original setup. Ive not had a losing session on this yet, although I have missed occasional days. I like many others have been taking discretionary exits too on some positions mainly to reduce my exposure whilst waiting for the opposite square. The biggest problem for me is I'm not willing or able to commit to this system as much as others due to the size of the account. I like to think as catastrophic as a complete closure on a session would be it wouldn't be...
Outstanding. Very encouraging.
Yes for me the SL is the safety from a catastrophic event like internet down or other spanner thrown in the works (CHF!), mind you SL didn't do much for that situ!
  • #935
  • Edited 8:15am Aug 24, 2015 8:05am | Edited 8:15am
Big up move for gbp/usd today. Let's see if us will close us in profit or accounts will take heavy DD

Taking day off trading and cut all trades open.
Reason: http://prntscr.com/88ap5n
  • #936
  • Edited 11:04am Aug 24, 2015 9:59am | Edited 11:04am
Hi guys,
i don't know whether it was posted before, but i think it's good to know, how far we are away of the opposite box while price is going, to manage properly the trades.
To see how far we are away, just put on a pricechannel / donchian channel indicator with same settings as quantum
btw. sorry for my english, not my first language
  • #937
  • Aug 24, 2015 11:02am Aug 24, 2015 11:02am
Trades from this morning.

Trade #1= +36 pips
Trade #2= +45 pips
Trade #3= +50 pips
Trade #4= +49 pips
Trade #5= +60 pips
Trade #6= +56 pips
Trade #7= +59 pips
Trade #8= +61 pips

Total pips = +416 pips!

Cumulative since start of the thread= +6846 pips (Cumulative total represent $ total/.01 lots)
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  • #938
  • Aug 24, 2015 11:04am Aug 24, 2015 11:04am
Quoting Trader20595
hello mer and everyone;i have a question to mer or for all,this indicator is coded in MQL,i mean this indicator can use it only in MT4 or can recoded to use it in Currenex or in serieus platforms?(i hope the question is clear) can this indicator can use it the 10 major pairs(EUR/USD GBP/USD CHF/USD CAD/USD AUD/USD JPY/USD NZD/USD EUR/GBP CHF/USD EUR/JPY) or is good only in GBP/USD? i hope my questions are clear best regards
It's coded for mt4, but I'm sure someone is smart enough out there to code it for other platforms. GBP/USD is the recommended pair, but it can be used on any pair you choose.
  • #939
  • Aug 24, 2015 3:37pm Aug 24, 2015 3:37pm
I wonder how the EA will cope with this, July 11th 2014

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  • #940
  • Aug 24, 2015 5:46pm Aug 24, 2015 5:46pm
Quoting Spoon138
Its doing very well at the moment. I only trade the first set up of the day as per the original setup. Ive not had a losing session on this yet, although I have missed occasional days. I like many others have been taking discretionary exits too on some positions mainly to reduce my exposure whilst waiting for the opposite square. The biggest problem for me is I'm not willing or able to commit to this system as much as others due to the size of the account. I like to think as catastrophic as a complete closure on a session would be it wouldn't be...
I like your idea of limited entry trades incase of a wrong turn
I don't have a huge margin otherwise it wouldnt bother me so i was thinking about doing this also.
Got any advice or tips on how to do it for the best possible outcome I have only traded this system for 1 week
Do also look at trading the Asian session like mastermind?
Cheers man and happy trading !
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