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Quantum London Trading

  • #1,701
  • Sep 17, 2015 7:20pm Sep 17, 2015 7:20pm
AUDUSD (1M Q 125 - 125) manual exit

1 position for a quick trade for 10.4 pips. We have divergence at the high point.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1 T2 18.9.15.png Size: 60 KB
  • #1,702
  • Sep 17, 2015 8:20pm Sep 17, 2015 8:20pm
Quoting Masterrmind
{quote} I consider the ranges and calculate them before every trading day! Many times the Q values are different however when applying them to the charts say for example yesterdays' Q value = 100 and today you calculate it as 90, there may not be a lot of difference when viewing the entry signal boxes on the chart and in this case I will leave the Q value as what it was yesterday ie Q = 100. If my plan for a trading day is to generate more trades initially then I will lower the Q value significantly. For a given initial range I like to have boxes...
Good idea to take trades in the borders.

Attached is daily line range indi. Have been using this to see visually.
Attached File(s)
File Type: ex4 Daily LinesBoxes(1).ex4   72 KB | 427 downloads
File Type: mq4 Daily LinesBoxes.mq4   17 KB | 496 downloads
Intraday only.
  • #1,703
  • Sep 17, 2015 8:49pm Sep 17, 2015 8:49pm
EURGBP took short ,divergence there ,lets c if will break the tl's
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 78 KB
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,704
  • Sep 17, 2015 9:00pm Sep 17, 2015 9:00pm
Quoting navk
{quote} Good idea to take trades in the borders. Attached is daily line range indi. Have been using this to see visually. {file} {file}
Yes watch the borders and also have a plan for when price accelerates away from the borders!

There is far more to this than meets the eye.

Trading 1 pair fair enough but trading multiples well then it really starts to become interesting......

Currently have 4 pairs in action with 'modest' settings ............

Masterrmind..........
Master your Mind then Master your Trades
  • #1,705
  • Edited Sep 19, 2015 12:34am Sep 18, 2015 7:00pm | Edited Sep 19, 2015 12:34am
Just completed my first week trading the Q boxes with a live account and I am very encouraged by the results. I did not have one group of trades that ended up net negative.

I would urge every one to keep it simple and use the Q boxes with support / resistance levels in conjunction with divergence. I don't take every signal I try to be patient and wait for the Q boxes that are also divergent in price before entering a trade. I also try to make sure price has hit a support or resistance level. This combination has worked out well so far.

The other thing to keep in mind is we're trading on a 1M chart so I am not looking to hit 100 pip home runs every time I place a trade.

Consistency is what I am looking for...Wash, Rinse and REPEAT!
  • #1,706
  • Sep 18, 2015 11:56pm Sep 18, 2015 11:56pm
Quoting Masterrmind
{quote} Back on the 8 Sept 2015 I presented a chart.......... Now I'm short GBPUSD [H1; 325 - 325] for some serious collection of pips! {image} This is a longer term Q setup so in time I'll report the end result. Masterrmind........... :nerd:
Update on GBPUSD [H1; 325 - 325]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


7 shorts now in progress (with an additional 5 short positions entered since last update)

Unfolding very nicely indeed but I'll continue to monitor all trades.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,707
  • Sep 19, 2015 1:51am Sep 19, 2015 1:51am
Quoting Masterrmind
{quote} Update on GBPUSD [H1; 325 - 325] {image} 7 shorts now in progress (with an additional 5 short positions entered since last update) Unfolding very nicely indeed but I'll continue to monitor all trades. Masterrmind...........
Nice profit in the making on this one
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,708
  • Sep 19, 2015 1:55am Sep 19, 2015 1:55am
Quoting Masterrmind
{quote} Update on GBPUSD [H1; 325 - 325] {image} 7 shorts now in progress (with an additional 5 short positions entered since last update) Unfolding very nicely indeed but I'll continue to monitor all trades. Masterrmind...........
Nice Setup MM on GU!

I had a similar one yesterday on EUR/USD...I walked away with over 88pips, then the market dropped another 131 pips. I didn't see that coming on a Friday... It looks like Europe is in a Panic mode after the FOMC Statement. I guess we should expect more Dovishness comes next week tho...

On a nutshell, you are well positioned and I hope that the Greek Parliamentary Election won't create any +ve Volatility.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,709
  • Sep 19, 2015 3:11am Sep 19, 2015 3:11am
Quoting FerruFx
{quote} Nice profit in the making on this one
Thank you FerruFx..........

Although there are plenty of other likely candidates for longer term setups applying the Q at this stage I'm going to limit it to only the GU pair.

However, once these trades are closed out I see no problem in selecting a different pair for a H1 TF or simply continuing on with the GU pair.

As far as trading during the week is concerned there are many opportunities to make pips every day simply by applying Q on the M1 TF for 1,2, 3 or 4 pairs in say the Asian session.

The thinking behind the 4 pairs is to select a small trading window say from Tokyo Open to TO + 4 and take maybe 1-2 cycles of trades.

I still have some fine tuning to do!

Masterrmind.........
Master your Mind then Master your Trades
  • #1,710
  • Sep 19, 2015 3:26am Sep 19, 2015 3:26am
Quoting OctaveJay509
{quote} Nice Setup MM on GU! I had a similar one yesterday on EUR/USD...I walked away with over 88pips, then the market dropped another 131 pips. I didn't see that coming on a Friday... It looks like Europe is in a Panic mode after the FOMC Statement. I guess we should expect more Dovishness comes next week tho... On a nutshell, you are well positioned and I hope that the Greek Parliamentary Election won't create any +ve Volatility.
Hi Jay,

I expected movement on Friday but not as much as what the market put out.

On the GU pair it drove price right up into the 786 Fib (as per previous chart) and then pulled down nice.... could not have worked out any better for me!

Picked up 7 shorts in total fairly quickly and currently 5 out of the 7 are in +ve territory.

Friday I traded 4 pairs and tripled my net % gain for that day compared to the average net gain over the previous four days (not including GU H1 shorts since they are still open)

Nice pickup by you on the EU pair............

Masterrmind...........
Master your Mind then Master your Trades
  • #1,711
  • Sep 19, 2015 4:16am Sep 19, 2015 4:16am
Quoting Masterrmind
{quote} Update on GBPUSD [H1; 325 - 325] {image} 7 shorts now in progress (with an additional 5 short positions entered since last update) Unfolding very nicely indeed but I'll continue to monitor all trades. Masterrmind...........
because of your great analyses i took 5 sell trades at the 78 fib level ,
at the 50 fib level and 60 fib level i still didn't feel confident to go sell , but at the 78 fib level , i took 5 sell trades fast

Because i was like : ok i get 5 sell trades now that are both 100 pips cheaper then mastermind his entries haha
and i saw some weakness signs on my 15min chart , many pinbars and broke through an important level , so i was confident about the trade
600pips profit now with that longterm trade

goodjob mastermind
  • #1,712
  • Sep 19, 2015 11:23am Sep 19, 2015 11:23am
Quoting Masterrmind
{quote} Hi Jay, I expected movement on Friday but not as much as what the market put out. On the GU pair it drove price right up into the 786 Fib (as per previous chart) and then pulled down nice.... could not have worked out any better for me! Picked up 7 shorts in total fairly quickly and currently 5 out of the 7 are in +ve territory. Friday I traded 4 pairs and tripled my net % gain for that day compared to the average net gain over the previous four days (not including GU H1 shorts since they are still open) Nice pickup by you on the EU pair...............
Where did you put your take profit btw
  • #1,713
  • Sep 19, 2015 2:02pm Sep 19, 2015 2:02pm
Quoting Masterrmind
{quote} Hi Jay, I expected movement on Friday but not as much as what the market put out. On the GU pair it drove price right up into the 786 Fib (as per previous chart) and then pulled down nice.... could not have worked out any better for me! Picked up 7 shorts in total fairly quickly and currently 5 out of the 7 are in +ve territory. Friday I traded 4 pairs and tripled my net % gain for that day compared to the average net gain over the previous four days (not including GU H1 shorts since they are still open) Nice pickup by you on the EU pair...............
Hi MM!

Thank you, Thank you.... I am very glad that it worked out perfectly for you mate, and this is really incredible to make so much percentage gain in 1 day...

I value NewsTrading a lot and I have my way of trading them, but the hardest part is I never really look for HOME RUN on all my Trades. HAHA!!

I guess, I need to step my game up and be more aggressive....

Anyway, if there's any further Weakness on EU, here's what I am looking at for the next 2 weeks....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 141 KB



2 Key News Event for EUR: Sunday Night Greek Parliamentary Election - Wednesday Morning ECB President Draghi Speaks
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,714
  • Edited 5:48pm Sep 19, 2015 5:05pm | Edited 5:48pm
On ranging market is nice, you can use even high leverage, but how go I know if the new HH is really a "high".
Sell "high , buy "low" so we should sell on HH

But look at this picture:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxM5.png Size: 133 KB

It is simply an account wiper for this methodology.

Below is the Awesome oscillator, maybe I have modified his code to be EMA instead of SMA.
I can't find any good filter with Stochastic either.
The moving averages with lagging will say it a trend, so the first few entry is lost.
After that we would do trending setup, then the last part will be negative.

No difference in H4 either:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxH4.png Size: 189 KB


When is working the indicator or the system, the is working, when not then fail and give back all
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxH4_range.png Size: 231 KB


So, it is given a period from past of X candles.
As you can see it doesn't really matter the time frame:
Yo can expect in ranging market to be in profit after X candles the whole loads, but since it is counter trend entry until MinX candles you will have loss, after that should be in profit. When is reached MaxWaitingTimeForProfitX you "know" this isn't a ranging market anymore and should be closed with loss and opened positions in trend direction: buy at HH, sell at LL ( sometimes there is no pullback) Or X pip movement against
I want to buy PATIENCE
  • #1,715
  • Sep 19, 2015 6:43pm Sep 19, 2015 6:43pm
Quoting matheszabi
On ranging market is nice, you can use even high leverage, but how go I know if the new HH is really a "high". Sell "high , buy "low" so we should sell on HH But look at this picture: {image} It is simply an account wiper for this methodology. Below is the Awesome oscillator, maybe I have modified his code to be EMA instead of SMA. I can't find any good filter with Stochastic either. The moving averages with lagging will say it a trend, so the first few entry is lost. After that we would do trending setup, then the last part will be negative. No...
Matheszabi

Your making this way too complicated! I would agree in part that this methodology can be "an account wiper" if you take these signals blindly without any understanding of support/resistance or divergence.

Lets use a 30 min chart and look at an example of how you might trade this methodology.

The first 30 Min chart shows a shows an up trend wouldn't you agree. In an uptrend you will see mostly red Q boxes so you'll be taking counter trend trades that is until the trend changes which will happen eventually. I have also drawn in several resistance lines as we are in an up trend.

The second 30 min chart I have marked the divergence peaks in blue and red. The blue peaks I would have taken the trade and the red peaks I would pass on. As you can see the red peaks have not reached a resistance level so that is why I would pass on that trade. The blue peaks have hit the resistance level or are near enough that I would take a calculated risk and place a short position. I would have taken trades at peaks 3,6,8,9 and 11. Now the thing to keep in mind is we are trading counter tend so we are not going to make a 100 pips on any one position. I tend not to have any more than 2-5 positions open at any one time but that's up to you to decide based on your money management rules. The other thing that waiting to trade at a resistance/support level does is typically limit the number of positions that you will open thus reducing your exposure to larger draw downs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM30 Up Trend 1.png Size: 90 KB
Click to Enlarge Name: AUDUSDM30 Divergence example.png Size: 59 KB
  • #1,716
  • Sep 19, 2015 7:55pm Sep 19, 2015 7:55pm
Quoting matheszabi
On ranging market is nice, you can use even high leverage, but how go I know if the new HH is really a "high". Sell "high , buy "low" so we should sell on HH But look at this picture: {image} It is simply an account wiper for this methodology. Below is the Awesome oscillator, maybe I have modified his code to be EMA instead of SMA. I can't find any good filter with Stochastic either. The moving averages with lagging will say it a trend, so the first few entry is lost. After that we would do trending setup, then the last part will be negative. No...
hi mate , that's the reason I been told not use blindly with the EA , one must know something on fx market b4 use this indicator cause if not it can be nice wiper..

but at the other hand if one able to know something about divergences and S/R zones he/she can be win most of the time with nice RR as well,

just my half cent thought

Almo.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,717
  • Sep 19, 2015 8:38pm Sep 19, 2015 8:38pm
Quoting jens1211
{quote} Where did you put your take profit btw
This is where we perhaps think a little differently.

I am not concerned about TP location at all for this cycle of trades!

What I am more concerned about is my total risk on the cycle of trades.

There are only a few main reasons that I would exit the trades which are as follows:

1. My TSL gets taken out;
2. A reverse signal box appears (and it must appear below the 1st short entry); or
3. Market factors outweigh remaining in the trades.

On a setup such as this one it is important to give your trades 'plenty' of breathing space but not too much that your trades risk giving everything back to the market............. it depends on your trading plan!

Note 1: It is not uncommon for me to simply close out 1 or 2 trades from the cycle of trades to lock in some profit however on this H1 TF it will be unlikely to occur.

Note 2: Don't forget that sell limit orders can be applied at areas of likely reversal and then once triggered a series of pending sell stops can be applied at the location of previously printed red signal boxes which will reduce DD relative to the path that price decides to take.

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #1,718
  • Sep 19, 2015 9:16pm Sep 19, 2015 9:16pm
Quoting OctaveJay509
{quote} Hi MM! Thank you, Thank you.... I am very glad that it worked out perfectly for you mate, and this is really incredible to make so much percentage gain in 1 day... I value NewsTrading a lot and I have my way of trading them, but the hardest part is I never really look for HOME RUN on all my Trades. HAHA!! I guess, I need to step my game up and be more aggressive.... Anyway, if there's any further Weakness on EU, here's what I am looking at for the next 2 weeks.... {image} 2 Key News Event for EUR: Sunday Night Greek Parliamentary Election...
Hi Jay,

Comprehensive Technical Analysis + Fundamental Analysis + Market Timing + MM = overall 'more likely' consistent winner!

No doubt the equation above can be expanded upon.

I was waiting for someone to make comment on the relationship between extra %gain versus DD.

What was pleasing was that 3 x %Equity gain did not result in 3 x DD (more like 2 x DD).

I intend to keep working on the choice of the 4 pair selection for the Asian session (correlated and uncorrelated and ranges etc).

HOME RUN:

Slow and steady usually wins the race!

Taking on too much risk can be a recipe for disaster but it can also yield big returns.

Historically I like the GU pair (as well as a few others) on the longer term setups using the Q Method but at this stage will limit it to the one pair (but that might change over time)

Having 1 x GU [H1; *** - ***) longer term setup is plenty considering that the intraday trading is busy enough at this stage.

If you decide to be more aggressive with your trading make sure you are fully aware of how much you are risking.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,719
  • Sep 19, 2015 9:26pm Sep 19, 2015 9:26pm
Quoting Masterrmind
{quote} Hi Jay, Comprehensive Technical Analysis + Fundamental Analysis + Market Timing + MM = overall 'more likely' consistent winner! No doubt the equation above can be expanded upon. I was waiting for someone to make comment on the relationship between extra %gain versus DD. What was pleasing was that 3 x %Equity gain did not result in 3 x DD (more like 2 x DD). I intend to keep working on the choice of the 4 pair selection for the Asian session (correlated and uncorrelated and ranges etc). HOME RUN: Slow and steady usually wins the race! Taking...
Hi guys, my apologies if this question is dumb....is there an idiots guide or calculation to help determine the optimal Quantum figure to use based on the market range? Just wondering if this is something that could be coded it an EA to enable it to self-optimize so to speak. Food for thought.
  • #1,720
  • Sep 19, 2015 9:40pm Sep 19, 2015 9:40pm
Quoting gwindy
{quote} Hi guys, my apologies if this question is dumb....is there an idiots guide or calculation to help determine the optimal Quantum figure to use based on the market range? Just wondering if this is something that could be coded it an EA to enable it to self-optimize so to speak. Food for thought.
Your question is a very good one!

I have already looked into these calculations based on my own method several weeks ago including the potential for coding and will share my ideas with Vlad once he has solved all the bugs in v1.6.1 and has the desire and the free time.... something I do not have a lot of these days!

Please direct any EA questions to the EA thread found at the following link...........

http://www.forexfactory.com/showthread.php?t=552185

Masterrmind............ :nerd:
Master your Mind then Master your Trades
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