Q A M Trading Strategy

Quoting diamonddbw

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True confession, I'm also trading EU because of small spread. It moved enough earlier for me to collect about 10p total for 2 positions. I may breakdown and start using FXCM just so I can trade other pairs.

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Quoting diamonddbw

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MM, I take it that you have no entry yet on EG?

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Quoting Masterrmind

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EURGBP [M1; 200 - manual] Zoom out but remain on an M1 TF ........... {image} Still happy to follow PA across the chart. Will price make it up to resistance level shown on chart .... we do not know .... so we wait and we simply observe. Price has shown us its intention to continue up so we follow PA and we wait for an opportunity to short this pair down (if an opportunity exists) Masterrmind.............

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Quoting Masterrmind

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{quote} EURGBP [M1; 200 - manual] {image} Notice how the pivot is between the lower 200 trending line and current PA. Price could drop down to the pivot but what then .... continue through or bounce back to the upside? Keep a close watch on the pips that are on offer too sometimes it might not be worth taking a trade..... Masterrmind...........

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Quoting diamonddbw

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{quote} ++++++++++++++++++++++++++++++++ Hope you can shed some light on why this trade was not worthwhile. I'm not really understanding why.

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Quoting diamonddbw

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{quote} ++++++++++++++++++++++++++++++++ Hope you can shed some light on why this trade was not worthwhile. I'm not really understanding why.

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Quoting jgoedhals

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I would have trade from the pivot points towards the DO see attachements {image} {image}

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Quoting Masterrmind

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{quote} Open the M-Candles indicator and set the variable 'bcgr' = true Masterrmind...........

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Quoting ramzam

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{quote} thank you master ... can you tell me where to change in mql4 file.. i seen true and false in 3 places so i cant able to change in that source itself.... that will be helpful to me to learn mql4 also

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Quoting Masterrmind

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{quote}Clearly price is intent on running down with a series of small pullbacks to the DO line but as the trend continues you can see price having more and more of a struggle to get back to the DO line. Closing out a few pips prior to the DO line in this case and in other cases is usually a good idea because you never really know when the bears are going to come back with strength and drive price down again. The discretionary part of trading is the difficult part to learn because you never really know in a live market exactly when you should let...

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Quoting jgoedhals

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MM what about the direction/type of 1hr candle, looks like it could play a big role in the way one can trade

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Quoting hibernate

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{quote} That is very true ;-). Just wanted to stress out again how important news are. Once again today we had Swiss data and as you can see price did exactly what we expected - trend strongly. And once again Mastermind, everything that you teach here is worth gold, I simply want to make it clear (exclusively for EURCHF) that 99% of the problems are resolved by simply not trading asian sessions prior to data. Have a great day folks!

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Quoting Masterrmind

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{quote} Great that you are thinking about the system but how do you see it as a big role player! Masterrmind...........

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