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Q A M Trading Strategy

  • #141
  • Mar 3, 2016 7:53am Mar 3, 2016 7:53am
Hey Masterrmind... Congrats on the thread!
We err, and err, and err again, but less.
  • #142
  • Mar 3, 2016 4:43pm Mar 3, 2016 4:43pm
Quoting dweb
Hey Masterrmind... Congrats on the thread!
Thanks very much dweb....

Masterrmind............
Master your Mind then Master your Trades
  • #143
  • Mar 3, 2016 5:11pm Mar 3, 2016 5:11pm
Friday March 4 session.......

I'll be trading from 1 hour after Tokyo Opens today due to other matters.

Masterrmind.........
Master your Mind then Master your Trades
  • #144
  • Mar 3, 2016 6:57pm Mar 3, 2016 6:57pm
Looks like a slow start in the Asian session today for the EURCHF pair and starting a little later has not affected the sessions trades.

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Fridays:

Trading the QAM strategy on Friday (last trading day of the week) usually means that if the first set of trades opens 2-3 hours after Tokyo Opens then it could very well mean just the 1 cycle but it depends also on the PA shown on the chart and if the 1st cycle of trades close out early or drags on.

If this situation occurs today I will outline how I trade it.

Lets see what the day brings.

Masterrmind...........
Master your Mind then Master your Trades
  • #145
  • Mar 3, 2016 7:16pm Mar 3, 2016 7:16pm
Still not trading EurChf due to frightful spread. I did take a long on EG, however Daily Pivot & Daily Open were so close, I decided to take 2 pips and call it. It did manage to continue up another 9p without me.

Done for the day and week. Thanks MM. Your training methods are without equal. :nerd:
  • #146
  • Mar 3, 2016 7:56pm Mar 3, 2016 7:56pm
Quoting diamonddbw
Still not trading EurChf due to frightful spread. I did take a long on EG, however Daily Pivot & Daily Open were so close, I decided to take 2 pips and call it. It did manage to continue up another 9p without me. Done for the day and week. Thanks MM. Your training methods are without equal. :nerd:
Happy to have you around diamonddbw and I understand your issue with spread.

Have a great weekend and hope to see you next week.

Masterrmind...........
Master your Mind then Master your Trades
  • #147
  • Mar 3, 2016 8:04pm Mar 3, 2016 8:04pm
Red Quantum box printed but I'm in no hurry to enter just yet.

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Looking at PA as trading ranges are very tight today.

What I would like to see is price to make a small break away from the DO line which price is hugging at the moment (on this brokers data feed anyway) to the upside and then look to short if the bears come in with intent to take price back down.

If price looks like it will trade in this tight range then I'll just wait .... patience!

Masterrmind............
Master your Mind then Master your Trades
  • #148
  • Mar 3, 2016 8:11pm Mar 3, 2016 8:11pm
Afternoon purveyors of knowledge and good fortune,,, eg MM (lol) ... quite a resaonable spread on EC atm , went short when I got a cpla Qboxes and it bounce off DO, .01 only cheeers S, PS not a big fan of 1 min but see what happens Not exactly to MM chart becasue I have things on chart that are not relevant to this method ..purely show entry and target , but wwill set TS once im in profit ...
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  • #149
  • Mar 3, 2016 8:16pm Mar 3, 2016 8:16pm
Quoting Masterrmind
Red Quantum box printed but I'm in no hurry to enter just yet. {image} Looking at PA as trading ranges are very tight today. What I would like to see is price to make a small break away from the DO line which price is hugging at the moment (on this brokers data feed anyway) to the upside and then look to short if the bears come in with intent to take price back down. If price looks like it will trade in this tight range then I'll just wait .... patience! Masterrmind............
Short 1 entry........

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #150
  • Mar 3, 2016 8:18pm Mar 3, 2016 8:18pm
Quoting starpro
Afternoon purveyors of knowledge and good fortune,,, eg MM (lol) ... quite a resaonable spread on EC atm , went short when I got a cpla Qboxes and it bounce off DO, .01 only cheeers S, PS not a big fan of 1 min but see what happens {image}
I saw the spread as low as about 0.4 mostly around a pip with the occasional jump up to 1.5.

Some days its well over 2.5 pips which is not so trader friendly.

Masterrmind..........
Master your Mind then Master your Trades
  • #151
  • Mar 3, 2016 8:21pm Mar 3, 2016 8:21pm
I wonder if they use such high spread because they know everyone trades it , bring spreads in ,get the trades happening ....
  • #152
  • Mar 3, 2016 8:24pm Mar 3, 2016 8:24pm
Quoting starpro
I wonder if they use such high spread because they know everyone trades it , bring spreads in ,get the trades happening ....
Anything and everything is possible in this business!

Masterrmind............
Master your Mind then Master your Trades
  • #153
  • Mar 3, 2016 8:32pm Mar 3, 2016 8:32pm
Very tight range ..........

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Masterrmind...........
Master your Mind then Master your Trades
  • #154
  • Mar 3, 2016 9:00pm Mar 3, 2016 9:00pm
No even a move...



I.
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Holy grail, pls pm
  • #155
  • Mar 3, 2016 9:05pm Mar 3, 2016 9:05pm
Have to step out for a few minutes...........

Although price is not heading up to generate additional red Q boxes as an example I have placed a sell limit order (expiry in 30 minutes) near recent swing highs.

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Note that buy limit orders could be placed just below expected TP levels on the current short cycle however being a Friday I won't introduce those into todays trading but in the future you will start to see them being implemented.

Pending orders do have a home in the QAM strategy......

Masterrmind............
Master your Mind then Master your Trades
  • #156
  • Mar 3, 2016 9:06pm Mar 3, 2016 9:06pm
ok closed when bid hit support ,, spread is too wide ...
  • #157
  • Mar 3, 2016 9:11pm Mar 3, 2016 9:11pm
Quoting iamgotzaa
No even a move... I. {image}
Yes the movement is almost stationary.

If the ranges have not started to increase by the time I get back as an example I'll go through some trades with a reduced Quantum value.

If spread is high and the ranges are very tight then be aware that although lowering the Q value will generate trades you might find it difficult to close out these trades if the ranges stay super tight because you need to consider price + spread etc.

Masterrmind...........
Master your Mind then Master your Trades
  • #158
  • Mar 3, 2016 9:12pm Mar 3, 2016 9:12pm
Quoting starpro
ok closed when bid hit support ,, spread is too wide ...
Nothing wrong with that but I'll keep my trades running a bit longer...........

Lets see what happens.

Masterrmind............
Master your Mind then Master your Trades
  • #159
  • Mar 3, 2016 10:00pm Mar 3, 2016 10:00pm
EURCHF [M1; 200 - manual]

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Closed out 3 shorts for +12.6 pips due to a small break down below recent support.
All in profit.

Very tight trading ranges today so take profit when you can under these conditions.

Masterrmind............
Master your Mind then Master your Trades
  • #160
  • Mar 3, 2016 10:32pm Mar 3, 2016 10:32pm
I have some questions you might like to think about.....

1. During the 1st 4 hours or so of the trading window over the past few days how many entries are usually opened?

2. Do you think the lot sizing could be optimized?

3. If so what lot size would you apply to each entry and why?

ps. lets assume at this stage that for our 1K account we only wish to risk 3% for a given cycle and a SL of 30 pips for each trade.

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