Well Done MM, see you have opted for the BIG REWARD....Helping others 
Good Luck with the thread cheers Q
Good Luck with the thread cheers Q
- #23
- Feb 29, 2016 1:42am Feb 29, 2016 1:42am
- Joined Feb 2006 | Status: Trader | 1,392 Posts
You know what, MM, whilst I am not a fan of the system as originally posted (although you may recall I've liked Mer's approach and threads over the years), I really like the professional way you have presented this thread, so I wish you great success .
.
- #24
- Feb 29, 2016 2:17am Feb 29, 2016 2:17am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Subscribed!!! Always learn a lot from you, Mastermind. Thank you for starting this thread.Hopefully I can also help and contribute in this thread
I look forward to your contributions.
Masterrmind...........
Master your Mind then Master your Trades
- #25
- Feb 29, 2016 2:57am Feb 29, 2016 2:57am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades
- #26
- Feb 29, 2016 2:59am Feb 29, 2016 2:59am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Well Done MM, see you have opted for the BIG REWARD....Helping others
Masterrmind...........
Master your Mind then Master your Trades
- #27
- Feb 29, 2016 3:11am Feb 29, 2016 3:11am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
You know what, MM, whilst I am not a fan of the system as originally posted (although you may recall I've liked Mer's approach and threads over the years), I really like the professional way you have presented this thread, so I wish you great success
Masterrmind...........
Master your Mind then Master your Trades
- #28
- Feb 29, 2016 4:35am Feb 29, 2016 4:35am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Note the behavior of price during the Asian Trading Window today.......
1. Close to the DO line (thick black line)
2. How price respects the support level S1
3. How price took off in a stronger trend at FF Open
4. How price slowed closer to the Pivot and eventually reversed and went the opposite direction
5. If Quantum signals appear very late in the trading window then it may well be best not to open such trades but if they are opened then they must be very closely monitored due to the danger of trades heading off against you with momentum. The risk may not be worth the reward in this case!
The power of observation and noting repeating patterns on the chart(s) are very powerful tools to have in your trading arsenal .... use them!
Masterrmind.............
1. Close to the DO line (thick black line)
2. How price respects the support level S1
3. How price took off in a stronger trend at FF Open
4. How price slowed closer to the Pivot and eventually reversed and went the opposite direction
5. If Quantum signals appear very late in the trading window then it may well be best not to open such trades but if they are opened then they must be very closely monitored due to the danger of trades heading off against you with momentum. The risk may not be worth the reward in this case!
The power of observation and noting repeating patterns on the chart(s) are very powerful tools to have in your trading arsenal .... use them!
Masterrmind.............
Master your Mind then Master your Trades
- #29
- Feb 29, 2016 5:35am Feb 29, 2016 5:35am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Try to avoid taking trades near the end of the Asian Trading Window even 2-3 hours prior to FF Open.
If 1-2 cycles of trades (or even a few small trades) have been completed leave it at that!
No need to be greedy because the DD will catch up with you sooner rather than later unfortunately.
Masterrmind.............
If 1-2 cycles of trades (or even a few small trades) have been completed leave it at that!
No need to be greedy because the DD will catch up with you sooner rather than later unfortunately.
Masterrmind.............
Master your Mind then Master your Trades
- #32
- Feb 29, 2016 6:15am Feb 29, 2016 6:15am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Master, thanks. do You mind answering my question ? i know it seems stupid basic questions, but at the moment too much info in my head causes paralysis. i am sorry Master. what is DO ? and how to have that Quantum signals ? many thanks Master
The chart posted above will explain more about what the Quantum Indicator and the Trending Indicator do.
Let me know if anything needs further explanation.
Masterrmind............
Master your Mind then Master your Trades
- #33
- Feb 29, 2016 6:16am Feb 29, 2016 6:16am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Goldtime, just to save MasterMind some time ,DO stands for "daily open" if you google Daily open indicator and quantum indicator you will find them, do try to research a little .... eh? did you actually read the 1st post wher MM posted the "quantum trading site?
Masterrmind...........
Master your Mind then Master your Trades
- #34
- Feb 29, 2016 6:53am Feb 29, 2016 6:53am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
CHANGING THE QUANTUM VALUE
Although the template provided has a set value of Q = 200 it should be noted that this is a 'nice' fit to most of the turtle pairs however sometimes it will be necessary to change this value either lower or higher.
During a very long testing period several Q values were tested on different currency pairs.
On an M1 Chart and depending on the likely frequency of trade entries an expert advisor (EA) may need to be applied to the chart.
The EA is very useful for entering and also closing out cycles of trades (although I monitor and manage the cycles of trades) however in the early stages of this thread it is better to enter trades manually mainly because the account size used here is small and the number of trades at any one time is likely to be low. The EA will be applied at a much later stage when more trades are opened and the account size is much larger!
Note: Changing the Q exit values in the EA settings also becomes necessary during an actively traded cycles of trades.
This will be explained later so for now its only by manual application.
The following charts are examples of Q = 200, Q = 50 and Q = 10 on a EURCHF [M1] chart.
Note the difference in the number of quantum signals generated.
Masterrmind...........
Although the template provided has a set value of Q = 200 it should be noted that this is a 'nice' fit to most of the turtle pairs however sometimes it will be necessary to change this value either lower or higher.
During a very long testing period several Q values were tested on different currency pairs.
On an M1 Chart and depending on the likely frequency of trade entries an expert advisor (EA) may need to be applied to the chart.
The EA is very useful for entering and also closing out cycles of trades (although I monitor and manage the cycles of trades) however in the early stages of this thread it is better to enter trades manually mainly because the account size used here is small and the number of trades at any one time is likely to be low. The EA will be applied at a much later stage when more trades are opened and the account size is much larger!
Note: Changing the Q exit values in the EA settings also becomes necessary during an actively traded cycles of trades.
This will be explained later so for now its only by manual application.
The following charts are examples of Q = 200, Q = 50 and Q = 10 on a EURCHF [M1] chart.
Note the difference in the number of quantum signals generated.
Masterrmind...........
Master your Mind then Master your Trades
- #37
- Feb 29, 2016 7:35am Feb 29, 2016 7:35am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
For those new to Quantum and the Trending Indicator please refer to the following chart for a brief explanation.
Note for illustration purposes Q has been set equal to 10.
For Q = 10 a new red box will be painted when price breaks out higher than the current high.
For Q = 10 a new blue box will be painted when price breaks out lower than the current low.
Think of drawing 1 vertical line 10 candles back and the 2nd vertical line on the current candle ..... now draw 2 horizontal lines through the high and the low points between the 2 vertical lines..... as time goes on these need to be updated continually.
Masterrmind............
Note for illustration purposes Q has been set equal to 10.
For Q = 10 a new red box will be painted when price breaks out higher than the current high.
For Q = 10 a new blue box will be painted when price breaks out lower than the current low.
Think of drawing 1 vertical line 10 candles back and the 2nd vertical line on the current candle ..... now draw 2 horizontal lines through the high and the low points between the 2 vertical lines..... as time goes on these need to be updated continually.
Masterrmind............
Master your Mind then Master your Trades
- #38
- Feb 29, 2016 7:44am Feb 29, 2016 7:44am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Hey MM Interesting choice of pairs to start with considering you're going to trade this during the Asian session. I will be trading along on my demo account... EURCHF followed by EURGBP.
I'm hoping it will be easier for everyone to follow considering that we'll be doing this manually and not by EA. (EA later).
I don't want to hit the high volatility at this early stage and especially not on a small starting balance.
Nice of you to join in which is most welcome.
Masterrmind............
Master your Mind then Master your Trades
- #39
- Feb 29, 2016 7:49am Feb 29, 2016 7:49am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades
- #40
- Feb 29, 2016 3:53pm Feb 29, 2016 3:53pm
- Joined Sep 2010 | Status: Trader | 2,034 Posts
Thanks for starting up new thread and sharing your diligent efforts with us all. I know you have spent much time perfecting, and tweaking Quantum during Asia, for minimum risk.
After being on original thread from the start, I just figured out what the Quantum value represented (8 months later...
). No one ever accused me of being an egghead... ROFL! Once again, and simply put, a 200 Quantum would represent high/lows for the previous 200 (3 hours, 20 minutes) one minute candles.
One question; Do you use any Q high/low signals, prior to Tokyo Open?
Thanks,
Darryl
After being on original thread from the start, I just figured out what the Quantum value represented (8 months later...
). No one ever accused me of being an egghead... ROFL! Once again, and simply put, a 200 Quantum would represent high/lows for the previous 200 (3 hours, 20 minutes) one minute candles.One question; Do you use any Q high/low signals, prior to Tokyo Open?
Thanks,
Darryl