MM
What time do you consider the Tokyo markets to be open at 8 am or 9 am Tokyo time. Just wanted to adjust my chart times.
What time do you consider the Tokyo markets to be open at 8 am or 9 am Tokyo time. Just wanted to adjust my chart times.
- #42
- Feb 29, 2016 5:46pm Feb 29, 2016 5:46pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 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...
Trading may be changed to start say 1-2 hours earlier but this depends on the signals being printed on the chart.
If an initial cycle is being missed on a regular basis then an earlier start time may be ideal.
I say ideal because usually the ranges at the start of the day are smaller but the spreads can be much larger so we need to be careful.
Masterrmind............
Master your Mind then Master your Trades
- #43
- Feb 29, 2016 6:10pm Feb 29, 2016 6:10pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Tokyo Open just kicking off ........
Plenty of red news around today so be mindful of it even if you think it is not directly related to the pair(s) you are trading.
Demo account started with IC Markets but feel free to choose whichever broker you like.
The Demo account is intended to run for about 1 month showing ok trades, good trades and some bad trades.
This is for discussion purposes since as traders we learn more from the bad trades than we do from the good ones.
Masterrmind............
Plenty of red news around today so be mindful of it even if you think it is not directly related to the pair(s) you are trading.
Demo account started with IC Markets but feel free to choose whichever broker you like.
The Demo account is intended to run for about 1 month showing ok trades, good trades and some bad trades.
This is for discussion purposes since as traders we learn more from the bad trades than we do from the good ones.
Masterrmind............
Master your Mind then Master your Trades
- #44
- Feb 29, 2016 6:12pm Feb 29, 2016 6:12pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
MM What time do you consider the Tokyo markets to be open at 8 am or 9 am Tokyo time. Just wanted to adjust my chart times.
Masterrmind...........
Master your Mind then Master your Trades
- #45
- Feb 29, 2016 6:20pm Feb 29, 2016 6:20pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades
- #46
- Edited 7:16pm Feb 29, 2016 7:04pm | Edited 7:16pm
- Joined Sep 2010 | Status: Trader | 2,034 Posts
- #47
- Feb 29, 2016 7:12pm Feb 29, 2016 7:12pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
This EChf M15 showing areas I see as S/R. Daily Pivot is in the middle of current price action. {image}
Other TFs will be traded but for now its just the M1 Chart at least until the end of this month.
Masterrmind...........
Master your Mind then Master your Trades
- #48
- Feb 29, 2016 7:37pm Feb 29, 2016 7:37pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Proving to be a patience game today and that's perfectly fine because there is no need to rush an entry.
Some days there will simply be no entries or the Q signals will appear too close to FF Open in which case you simply don't trade.
Note: when the ranges are slightly wider other trading techniques can be applied such as short 5-10 pip trades from key levels within the Q boundaries which put simply means trading away from the DO line or mini S+R zones. On the EURCHF pair this is less likely but it works well on more 'energetic' pairs. The additional trades will be outlined later at a more appropriate time.
Masterrmind..........
Some days there will simply be no entries or the Q signals will appear too close to FF Open in which case you simply don't trade.
Note: when the ranges are slightly wider other trading techniques can be applied such as short 5-10 pip trades from key levels within the Q boundaries which put simply means trading away from the DO line or mini S+R zones. On the EURCHF pair this is less likely but it works well on more 'energetic' pairs. The additional trades will be outlined later at a more appropriate time.
Masterrmind..........
Master your Mind then Master your Trades
- #49
- Feb 29, 2016 8:00pm Feb 29, 2016 8:00pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Master your Mind then Master your Trades
- #50
- Feb 29, 2016 8:14pm Feb 29, 2016 8:14pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Adjusting Quantum to a lower value and zooming into the chart ......
Q = 60 in this example......
By leaving the trending lines set to a period of 200 it is clear to see how the smaller internal ranges can be traded.
Watch the pip range distances though its no good trading too tight of a range!
Determine if the 'internal' ranges are wide enough to trade.
If so trade them ... if not then pass.
Masterrmind..........
Q = 60 in this example......
By leaving the trending lines set to a period of 200 it is clear to see how the smaller internal ranges can be traded.
Watch the pip range distances though its no good trading too tight of a range!
Determine if the 'internal' ranges are wide enough to trade.
If so trade them ... if not then pass.
Masterrmind..........
Master your Mind then Master your Trades
- #51
- Feb 29, 2016 8:36pm Feb 29, 2016 8:36pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Tightening of the 200 period channel........
What is the market trying to tell you?
Masterrmind...........
What is the market trying to tell you?
Masterrmind...........
Master your Mind then Master your Trades
- #53
- Feb 29, 2016 8:43pm Feb 29, 2016 8:43pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Subscribe, Celebrating your new thread Master. Thanks for those list of template and indi. This will enhance the advancement in Quantum Strategy. {image}
I approach Quantum from a far more detailed and involved manner and consider far more factors than simply whether or not the signal appears.
Enjoy the ride!
Masterrmind...........
Master your Mind then Master your Trades
- #54
- Feb 29, 2016 9:48pm Feb 29, 2016 9:48pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
If a trade has not been opened for several hours then its best usually not to make any trades on that pair for that particular day!
On the chart the next level of support is about 35 pips down.
Opening trades this late in the session increases risk because if price decides to go south the DD will increase and its possible you may still be sitting on the trades when FF Opens (this is not what you want).
It is unlikely that any trades will be placed on EURCHF today but if they are they will all be posted to the thread.
If a similar situation occurs in tomorrows trading window (ie no open trades within 1-2 hours of TO) I will change the Quantum value as outlined above and basically look to scalp the market.
The turtle pairs have such small ranges that scalping needs to be considered otherwise you make no trades at all.
This is why you always need to have a Plan B that can be implemented.
Lets see what tomorrow brings..........
Good trading,
Masterrmind...........
On the chart the next level of support is about 35 pips down.
Opening trades this late in the session increases risk because if price decides to go south the DD will increase and its possible you may still be sitting on the trades when FF Opens (this is not what you want).
It is unlikely that any trades will be placed on EURCHF today but if they are they will all be posted to the thread.
If a similar situation occurs in tomorrows trading window (ie no open trades within 1-2 hours of TO) I will change the Quantum value as outlined above and basically look to scalp the market.
The turtle pairs have such small ranges that scalping needs to be considered otherwise you make no trades at all.
This is why you always need to have a Plan B that can be implemented.
Lets see what tomorrow brings..........
Good trading,
Masterrmind...........
Master your Mind then Master your Trades
- #56
- Mar 1, 2016 1:20am Mar 1, 2016 1:20am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
The trading session has just ended with some interesting results between 2 different brokers.
One broker produced 2 long trades while the other produced 3 long trades.
So the profit gained from one broker to the next may vary just so you are aware but it can work the other way also.
The point of interest is if you look at the 2 charts you will clearly see a major difference between where the Daily Open Line is located.
BROKER A:
BROKER B:
The top chart Broker A has the daily open line nicely placed under all the price action.
The lower chart Broker B has the daily open line running in between all the price action.
Note: Given perhaps an earlier time in the trading window its very likely that I would have gone long those 3 long trades in Broker A but either would not have entered the trades in Broker B and if I did I would have certainly waited longer.
These are only a few examples of the differences between brokers that us traders have to come to terms with and there are far many more.
Just thought I'd illustrate this for you all but some of the longer term traders will be very aware of this occurrence whereas the newer traders maybe not.
Note: I may add this other broker to the TE since no trades have been opened yet and attempt to trade from both demo accounts just to see what other differences there might be.
NB. The chart analysis today was via Broker B .... hmmm!
Good trading,
Masterrmind..........
One broker produced 2 long trades while the other produced 3 long trades.
So the profit gained from one broker to the next may vary just so you are aware but it can work the other way also.
The point of interest is if you look at the 2 charts you will clearly see a major difference between where the Daily Open Line is located.
BROKER A:
BROKER B:
The top chart Broker A has the daily open line nicely placed under all the price action.
The lower chart Broker B has the daily open line running in between all the price action.
Note: Given perhaps an earlier time in the trading window its very likely that I would have gone long those 3 long trades in Broker A but either would not have entered the trades in Broker B and if I did I would have certainly waited longer.
These are only a few examples of the differences between brokers that us traders have to come to terms with and there are far many more.
Just thought I'd illustrate this for you all but some of the longer term traders will be very aware of this occurrence whereas the newer traders maybe not.
Note: I may add this other broker to the TE since no trades have been opened yet and attempt to trade from both demo accounts just to see what other differences there might be.
NB. The chart analysis today was via Broker B .... hmmm!
Good trading,
Masterrmind..........
Master your Mind then Master your Trades
- #58
- Mar 1, 2016 9:10am Mar 1, 2016 9:10am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Hi Mastermind, just to make the things clear for me and be sure that I do run the same Software than you, please check the following pic as I hope I got the similar time compare to your images, I could see an up arrow there around 5:30 ... means that arrow that it would be a possible long trade ? could you please explain the differ between the dark blue square and the light blue one around 5:30, 6:02, 6:06 red Candle ( don't be confused with the yellow line that is a MA line and not from your system). Thank in advance for answering and sharing...
The light blue box is simply the same Quantum signal offset from where the dark blue Quantum signal is painted.
At this stage you only need the dark blue Quantum signal box showing.
To correct the problem simply do the following:
1. You must have changed the settings in the Trending-Label indicator... yes?
2. In the Trending-Label indicator set the variable ShowQuantum = False.
This will correct your problem and no light blue Quantum signal will appear.
NB. Make sure you don't change any of the other parameters otherwise your chart will be different. Color Changes are ok.
Masterrmind.............
Master your Mind then Master your Trades