{quote} Hi MM Why do you choose to trade GBPUSD during Asian session? Why not use AUDUSD or a Yen pair as these move a bit more in the Asian session. Also when do you start to watch the charts to place your trades is it pre-Toyko or do you wait for the Toyko open?
I took 6 trades this AM +78 I closed them all at the third rejection of the weekly PIV (which has held up in the past also) Still very happy with 78 pips which is small fry compared to Mer and MM however I am to anxious when it comes to breaking through well-supported PIVs and so may be over cautious as Mer does not use them. As I type the exit signal has arrived just under my exit piv so that's ironic. Any thoughts on exiting at major SL like this or am I losing out on potential much higher gains in the long run? {image}
{quote} Hi courtneywild, I think you are doing very well indeed! Just remember that this is not a competition but simply a means to modestly showcase examples of the trades we take using the Q method. I'm sure everyone here appreciates your valuable contribution. Good trading, Masterrmind............
{quote} Thank you Mastermind. You make a valid point, there is no competition for highest pip count. What's funny is with any other system if I came out with 78 pips in one session I'd be thrilled! Pivs: I must admit I struggle to trade without some sort of S/R reference and PIVs have worked for me so I guess its test and measure a while longer. Also staying OUT of the market when new set ups arrive after the first session is another discipline to master. I recall Mer mentions this in post 1. Trade the first session only. Gotta keep the game plan...
{quote} There two types; 1) Trending moves 2) Retracement moves. In a trending moves, the likely trade size is going to small as the no. of blue or red square boxes are going to be less in numbers. Floating loss will be less and profit will be less too. The pip movement may be more but the lot size will be less so, lesser profit and lesser floating loss. In counter trend trades, the blue or red square boxes are going to be more and no.of trades are going to be more. In this scenario, the floating loss is going to be more based on average daily range....
Hi mer071898, I have read the first page with a lot of attention. The rules are straightforward.
I would love to see you adapt your system to include Quantum. Looking forward to it.
