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Quantum London Trading

  • #1,141
  • Aug 26, 2015 12:38pm Aug 26, 2015 12:38pm
I'm into trade and my account is well live
i followed the standard rules but belive me i think that 3500 DD pips tell me that this system is not maxximum
mybe i will out with gain maybe tomorrow or this night but REPEAT this system is shit
  • #1,142
  • Aug 26, 2015 12:43pm Aug 26, 2015 12:43pm
Quoting armyda
{quote} do you know when start a trend?and a ranging day? i think nobody
Please, take a look at my Screenshot Above, the red Vertical Line indicated where the trend Started... It's not going to be
100% but I knew we were in a Bearish Trend...

Matter fact that peak at 1.58140 was the D-Completion of a Perfect Bearish Gartley.... I ignored all the signs, simply because
I wanted to post only everyhing related to Quantum System.....

Not too long ago, Somebody called me out for trying to do otherwise......

Enjoy!

P.S We can't see the Forest through the TREES, sometimes we have to step back and look at the BIGGER PICTURE. Now, you have it:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 156 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,143
  • Aug 26, 2015 12:56pm Aug 26, 2015 12:56pm
Some people on here need to watch what they are writing cos it could have legal implications for them.
  • #1,144
  • Aug 26, 2015 1:12pm Aug 26, 2015 1:12pm
Quoting armyda
{quote} do you know when start a trend?and a ranging day? i think nobody
Sure, I don't have a crystal ball, but there were clear bearish hints abound in the PA, starting from yesterday already, which should at least make anyone very cautious about buying:

1. break of the H1 channel and the daily pivot;
2. a bear flag formed during late NY through Asia (no buyers); by 7.00 a.m. the PA was unable to break back above the daily pivot, actually the 7 a.m. candle completed a reversal pattern; there was no interest in buying until and after the London open, quite the contrary...

Attached Image (click to enlarge)
Click to Enlarge Name: pa.png Size: 77 KB


Just because you trade the M1 or M5, doesn't mean you shouldn't be aware of the bigger picture, i.e. H1 and higher. Take a look at the H4, another hint that cable might like to continue going down today...

Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 34 KB


Not to mention that there was nothing on the fundamental side to help lift GU today; i.e. no scheduled GBP news, while strong USD data only added to the selling pressure...

Hope it helps... Trading is not, and has never been, just about 'buy on the blue box, sell on the red', LOL!
Happy trading
mind over matter
  • #1,145
  • Aug 26, 2015 1:14pm Aug 26, 2015 1:14pm
Quoting OctaveJay509
{quote} Please, take a look at my Screenshot Above, the red Vertical Line indicated where the trend Started... It's not going to be 100% but I knew we were in a Bearish Trend... Matter fact that peak at 1.58140 was the D-Completion of a Perfect Bearish Gartley.... I ignored all the signs, simply because I wanted to post only everyhing related to Quantum System..... Not too long ago, Somebody called me out for trying to do otherwise...... Enjoy! P.S We can't see the Forest through the TREES, sometimes we have to step back and look at the BIGGER PICTURE....
This is what I love, someone who gets it. This is a perfect example of someone who use what is in the thread to match what they already use (like mastermind, landline, etc...), great job! And Jay, I have no objection of you taking the time to post alternatives. I never said this was a perfect system and today is showing that, it's even tough for me to swallow sometimes, but we're not done yet. With the China economy failing, news, and other factors, losses can occur at any time, just be prepared.
  • #1,146
  • Aug 26, 2015 1:20pm Aug 26, 2015 1:20pm
Quoting kosmo
{quote} Sure, I don't have a crystal ball, but there were clear bearish hints abound in the PA, starting from yesterday already, which should at least make anyone very cautious about buying: 1. break of the H1 channel and the daily pivot; 2. a bear flag formed during late NY through Asia (no buyers); by 7.00 a.m. the PA was unable to break back above the daily pivot, actually the 7 a.m. candle completed a reversal pattern; there was no interest in buying until and after the London open, quite the contrary... {image} Just because you trade the M1...
Great points to mention. I never designed this to be a all-out go for broke system, just something simple that others can use to their advantage or improve. I use this on higher timeframes with other filters as well as fibs, this is just another cog in the wheel.
  • #1,147
  • Aug 26, 2015 1:37pm Aug 26, 2015 1:37pm
Hi mer
What are your results today ?
  • #1,148
  • Edited 1:56pm Aug 26, 2015 1:45pm | Edited 1:56pm
Quoting kosmo
{quote} Sure, I don't have a crystal ball, but there were clear bearish hints abound in the PA, starting from yesterday already, which should at least make anyone very cautious about buying: 1. break of the H1 channel and the daily pivot; 2. a bear flag formed during late NY through Asia (no buyers); by 7.00 a.m. the PA was unable to break back above the daily pivot, actually the 7 a.m. candle completed a reversal pattern; there was no interest in buying until and after the London open, quite the contrary... {image} Just because you trade the M1...

Yes,great analyze, there was dark cloud cover, and price came back to inside top keltner channel. I am still in trades because big picture we havent yet break bottom of range, if looking daily charts. daily trends lines allready warns, we are not far.
wierd during london wasnt lot of comments, or analysis from banks or brokers about GU
  • #1,149
  • Aug 26, 2015 1:50pm Aug 26, 2015 1:50pm
Quoting madscalp
Hi mer What are your results today ?
Loss, of course, if not, we are talking about another system...reading post #1 rules...

I'm still waiting for a backtest 2011-2015...nobody reply? Please...

We are all speaking about a new system after today...
  • #1,150
  • Aug 26, 2015 2:01pm Aug 26, 2015 2:01pm
Today was a very bad day after two weeks of great results... I had a thought today morning after closing the frankfurt session trades in profit to switch off the EA after seeing the USD red news but still gave it a go... and i lost all the profit which i earned for last two weeks.... Now i will switch on the EA only during asian and frankfurt sessions and wont take any new trades during london and newyork as mer said... will see how this works... no system will work 100% without proper trade and money management and any system can make you some profits with good trade and money management... i still love this system, the fault was mine.... anyway... lessons learnt....
  • #1,151
  • Aug 26, 2015 2:32pm Aug 26, 2015 2:32pm
Quoting handy148
Some people on here need to watch what they are writing cos it could have legal implications for them.
  • #1,152
  • Aug 26, 2015 2:35pm Aug 26, 2015 2:35pm
Quoting MarkoTrd
{quote} Loss, of course, if not, we are talking about another system...reading post #1 rules... I'm still waiting for a backtest 2011-2015...nobody reply? Please... We are all speaking about a new system after today...
  • #1,153
  • Aug 26, 2015 2:37pm Aug 26, 2015 2:37pm
Quoting OctaveJay509
{quote} Please, take a look at my Screenshot Above, the red Vertical Line indicated where the trend Started... It's not going to be 100% but I knew we were in a Bearish Trend... Matter fact that peak at 1.58140 was the D-Completion of a Perfect Bearish Gartley.... I ignored all the signs, simply because I wanted to post only everyhing related to Quantum System..... Not too long ago, Somebody called me out for trying to do otherwise...... Enjoy! P.S We can't see the Forest through the TREES, sometimes we have to step back and look at the BIGGER PICTURE....
this picture is illuminating(a posteriori)latin language...
i will follow and will rich
  • #1,154
  • Aug 26, 2015 2:39pm Aug 26, 2015 2:39pm
Quoting madscalp
Hi mer What are your results today ?
  • #1,155
  • Aug 26, 2015 3:04pm Aug 26, 2015 3:04pm
Hmmm I made pips on GU today. I use quantum on normal setting on the 1 hr chart and this was showing a sell. Pure luck i know but i always check the higher time frames to get an idea of where price may be heading. I still believe this is a superb system but today shows you still have to money manage, possibly by have sl on the earlier squares so if the move keeps going against you then cut your losses on the early squares. Just my thought.
  • #1,156
  • Aug 26, 2015 3:13pm Aug 26, 2015 3:13pm
Quoting mer071898
{quote} Great points to mention. I never designed this to be a all-out go for broke system, just something simple that others can use to their advantage or improve. I use this on higher timeframes with other filters as well as fibs, this is just another cog in the wheel.
Hey mer071898, thank you for the system...It is a great tool. I used it manually for the last three days, and have taken a demo acc of $5k to $23k to date. I messed up on Monday eve when I over traded at the bottom, and this trend remained till date. All I did was switch the buy boxes to sell boxes..and voila! something
Quoting Vlad13685
{quote} {file}
may wanna look at - a switch that will turn things around when market conditions dictate....
We err, and err, and err again, but less.
  • #1,157
  • Aug 26, 2015 3:15pm Aug 26, 2015 3:15pm
@armyda & others : if you were following the system as described, then today was of course a disaster... but if you are shocked, then you neither truly considered Mer's comments about drawdown, nor did you do your homework. It is obvious that days like this will happen with this method, probably more often than most realise (which is why some of us are using its tools very differently : my approach lost 20 pips today.).

Today can be a great learning experience if you sincerely ask yourself questions like :

"Why did I choose to ignore the obvious dangers ?"
"What prevented me from being better prepared for today ?"
"How can I be better prepared in future ?"

It's very easy to say "I can handle a 20% drawdown". Not so much, is it - only 20% !? But the reality, with real, hard-earned money is very, very different - it's a very harsh lesson.

I never risk more than 0.5% / trade and for me a 5% drawdown is unusual & would cause me to trade in SIM for a week while I reset my mental attitude.

As traders, we have to protect both our psychological, as well as financial, capital.
  • #1,158
  • Aug 26, 2015 3:30pm Aug 26, 2015 3:30pm
Quoting jtrade
@armyda & others : if you were following the system as described, then today was of course a disaster... but if you are shocked, then you neither truly considered Mer's comments about drawdown, nor did you do your homework. It is obvious that days like this will happen with this method, probably more often than most realise (which is why some of us are using its tools very differently : my approach lost 20 pips today.). Today can be a great learning experience if you sincerely ask yourself questions like : "Why did I choose to ignore the obvious...


armyda i see you are huppy with mer account
  • #1,159
  • Aug 26, 2015 3:48pm Aug 26, 2015 3:48pm
Quoting mer071898
{quote} Great points to mention. I never designed this to be a all-out go for broke system, just something simple that others can use to their advantage or improve. I use this on higher timeframes with other filters as well as fibs, this is just another cog in the wheel.
Dear Mer less words and let see to us your chart today
if you don't let see to us your chart you are not serius
  • #1,160
  • Aug 26, 2015 3:49pm Aug 26, 2015 3:49pm
My last post here, i really don't understand the sense of this thread/system - 1m gbpusd buy low at blue square sell high at red square between 07:01 till 12:59 gmt - simple rules to follow.

Everybody loss today, everyone found a logic (at this time) and happy, too many technical traders here, i'm non ready again, it's not my place i've too fear of you !!!

Have green pips, it' a war, i know...

Still thanks to Mer for posting his system.
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