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Q A M Trading Strategy

  • #261
  • Mar 8, 2016 6:31am Mar 8, 2016 6:31am
Quoting jgoedhals
see attached {image}
Interesting!

Later we'll explore changing the Quantum values to 'better' fit the flow of PA including applying Q=60, 120, 240 etc to match up with multiples of H1 TFs.

There are no limits to the QAM strategy.

Masterrmind............
Master your Mind then Master your Trades
  • #262
  • Mar 8, 2016 2:18pm Mar 8, 2016 2:18pm
Good lesson in EG non entries for Tuesday open.

I do have one question for you though, at one point EG spike up to Resistance (R1) @ .7740, and quickly withdrew. I was about to add another entry had .7741 printed, but price just missed. Any particular reason why you did not see fit to enter short here? I already had 4 positions on.

My standard entry progression, is as follows:
#1. At, or near early Q.
#2. At least 1.5 pips from previous entry.
#3. Three or more pips from 2nd entry.
#4. Five pips from 3rd entry.
#5. Four to six pips from entry #4.
Beyond that, I may, or may not, take one more entry. Should all five entries go to SL I would be just under 3% loss.
  • #263
  • Mar 8, 2016 2:24pm Mar 8, 2016 2:24pm
You went over entries and ranges (post #230) on the Daily. I have no clue how that figures in.

So far my wins have been between 10 & 15 pips total. If I incur a maximum loss, that total would be near 150 pips. That could take up to 15 trading days to recoup. Any comments please?
  • #264
  • Mar 8, 2016 6:02pm Mar 8, 2016 6:02pm
Please take a look over the EURGBP pair and if you are starting to feel comfortable look at setup trades on the EURCHF pair too.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB


What global SLs are you going to apply to a cycle of trades on both pairs?
What lot size and how many entries on average do you expect to see?
Using the last 5 trading days to gather data for the average trades per cycle usually works out well so no need to go back too far.

Unfortunately I'll be back a few hours later today, can't be helped at the moment but certainly would prefer to be here from the start.

Start posting some of your trades with screenshots if you wish good or bad so we can discuss them and if improvements can be made then constructive criticism should always be welcomed if the trader gains from the comments.

Note: Do not exceed the assigned risk% per cycle.
Later we will examine the use of 5%risk and as an exercise 10%risk per cycle!

Masterrmind............
Master your Mind then Master your Trades
  • #265
  • Mar 8, 2016 7:16pm Mar 8, 2016 7:16pm
Anyone grab the 1st 2 shorts on EURGBP pair?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB


Now you should be looking for an opportunity to go long, be patient watch PA and look for some bullish intent ie at least a bull candle for your entry?

Once you get very familiar with PA across the chart you will begin to see that many times it pays to wait for price to drop back down and retest where the the 1st blue Quantum boxes were painted, then look to go long.
What you are trying to see unfold is a mini-support zone that price can spring up off and head higher.

This is not always the case though so you need to be expecting price to also shoot straight up .... traders call!

Masterrmind...........
Master your Mind then Master your Trades
  • #266
  • Mar 8, 2016 7:28pm Mar 8, 2016 7:28pm
Long EG

Price close to DO line if it shows hesitation to break through and head up I'll assess whether to close it out for a small profit or give it more time.

What you don't want to see is signs of a strong reversal candle (bearish red candle) .......

Masterrmind...........
Master your Mind then Master your Trades
  • #267
  • Mar 8, 2016 7:29pm Mar 8, 2016 7:29pm
Quoting Masterrmind
Long EG Price close to DO line if it shows hesitation to break through and head up I'll assess whether to close it out for a small profit or give it more time. What you don't want to see is signs of a strong reversal candle (bearish red candle) ....... Masterrmind...........
Closed out the EURGBP long trade at the DO line...........

Masterrmind............
Master your Mind then Master your Trades
  • #268
  • Mar 8, 2016 7:34pm Mar 8, 2016 7:34pm
Immediately after I closed out the long on EG price reversed hard to the downside... this is what you need to be very aware of...........

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB


Now we simply sit back and watch PA before making any further entries.

Masterrmind...........
Master your Mind then Master your Trades
  • #269
  • Mar 8, 2016 7:38pm Mar 8, 2016 7:38pm
Quoting Masterrmind
Immediately after I closed out the long on EG price reversed hard to the downside... this is what you need to be very aware of........... {image} Now we simply sit back and watch PA before making any further entries. Masterrmind...........
Now that I have no trades open I can open up 3% risk worth of trades on the next cycle (blue for long is likely of course but I can also choose to wait for the next red Quantum boxes to be generated and start looking for shorts.

...... again trader discretion!

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #270
  • Mar 8, 2016 7:43pm Mar 8, 2016 7:43pm
Price consolidation phase with the market not knowing where it wants to go.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB


So we wait for price to show us

be very aware of the next support and resistance levels as a likely zone that price could travel too or certainly partially travel too.

If price starts to break up then we look to go long

Masterrmind............
Master your Mind then Master your Trades
  • #271
  • Mar 8, 2016 7:50pm Mar 8, 2016 7:50pm
Whats the EURCHF pair doing?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB


look over the PA on the chart and think to yourself do these ranges make sense or not?

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #272
  • Mar 8, 2016 7:54pm Mar 8, 2016 7:54pm
Quoting Masterrmind
Price consolidation phase with the market not knowing where it wants to go. {image} So we wait for price to show us be very aware of the next support and resistance levels as a likely zone that price could travel too or certainly partially travel too. If price starts to break up then we look to go long Masterrmind............
Long 1 trade @ 0.02 lots on EURGBP ..........

I can open up 3 positions but because I'm still not convinced that PA will drive up to at least the DO line I am limiting my exposure (ie open only 1 trade NOT 3)

Other entries will be considered based on PA across the chart.

Also be aware of false breakout of price from consolidation zones (PA can reverse just as fast and head back the other way.... another reason to limit the number of entries in this cycle at the moment)

Masterrmind.............
Master your Mind then Master your Trades
  • #273
  • Mar 8, 2016 7:59pm Mar 8, 2016 7:59pm
Quoting Masterrmind
{quote} Long 1 trade @ 0.02 lots on EURGBP .......... I can open up 3 positions but because I'm still not convinced that PA will drive up to at least the DO line I am limiting my exposure (ie open only 1 trade NOT 3) Other entries will be considered based on PA across the chart. Also be aware of false breakout of price from consolidation zones (PA can reverse just as fast and head back the other way.... another reason to limit the number of entries in this cycle at the moment) Masterrmind.............
3 longs now entered on the EURGBP pair......

Masterrmind............
Master your Mind then Master your Trades
  • #274
  • Mar 8, 2016 8:07pm Mar 8, 2016 8:07pm
Quoting Masterrmind
{quote} Long 1 trade @ 0.02 lots on EURGBP .......... I can open up 3 positions but because I'm still not convinced that PA will drive up to at least the DO line I am limiting my exposure (ie open only 1 trade NOT 3) Other entries will be considered based on PA across the chart. Also be aware of false breakout of price from consolidation zones (PA can reverse just as fast and head back the other way.... another reason to limit the number of entries in this cycle at the moment) Masterrmind.............

Hi Masterrmind,

What price did you go long from ?
  • #275
  • Mar 8, 2016 8:55pm Mar 8, 2016 8:55pm
When price action shows us that it wishes to follow a downward trend with a small pullback followed by another drop and then a small pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB


How might we start to manage our current entries?

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #276
  • Mar 8, 2016 8:56pm Mar 8, 2016 8:56pm
Quoting ClimaxOffset
{quote} Hi Masterrmind, What price did you go long from ?
Please refer to Post # 275 and the TE (once it gets its act together and syncs into my account.

Masterrmind.............
Master your Mind then Master your Trades
  • #277
  • Mar 8, 2016 9:06pm Mar 8, 2016 9:06pm
In the process of downloading indicator's and getting this up and running today!
Looks like you have already done some very nice trades in the results.
The spreads must getting annoying when your taking such small pips yeah?
  • #278
  • Mar 8, 2016 9:13pm Mar 8, 2016 9:13pm
Quoting diamonddbw
Good lesson in EG non entries for Tuesday open. I do have one question for you though, at one point EG spike up to Resistance (R1) @ .7740, and quickly withdrew. I was about to add another entry had .7741 printed, but price just missed. Any particular reason why you did not see fit to enter short here? I already had 4 positions on. My standard entry progression, is as follows: #1. At, or near early Q. #2. At least 1.5 pips from previous entry. #3. Three or more pips from 2nd entry. #4. Five pips from 3rd entry. #5. Four to six pips from entry #4....
Thanks for that diamonddbw...........

I've covered the reason why I didn't enter short in previous posts but it was firstly to allow other traders to make a decision and not always wait for my entry and secondly I wanted to enter a short at a slightly higher price and a little closer to resistance level. Price rolled over and headed south before that level and so I simply allowed the trades not to be placed in this case.

I don't rely on pip distances I prefer to see a breakdown in one side or the other depending on your intended direction so this means I look at PA and the forming of current and past candles across the chart.

You are welcome to try out the 2,3, 5 or whatever pip progression you wish but I have found it to be not useful in QAM and if it was the benefit was only minimal. You never know though things can change in the market and it might end up being the best technique ever.

The idea is to never allow the trades to hit SL .......... we do not hope in the QAM strategy ..... we monitor PA and manage our trades based on a total risk% of our start of session (or start of day is fine unless losing trades have occurred then initial balance applied should be the lower amount).

As the trading session starts to get closer to the FF Open and if trades remain open then they must be manged (allowed to run a little longer, closing out 1 trade in the cycle initially and followed by others if PA continues to move against us or closed out at the same time especially if PA within say an hour of FF Open starts to show increased volatility and we assess the situation as far too risky to allow the trades to run any longer .. in this case it makes sense to close out the trades.

Note that each situation is unique they are never exactly the same but some can be quite similar and patterns do repeat in the markets on a regular basis.

Masterrmind............
Master your Mind then Master your Trades
  • #279
  • Mar 8, 2016 9:14pm Mar 8, 2016 9:14pm
Also I don't know if this would come in handy for you but this is a good site on ADR and volatility for quick reference if ever needed

https://www.mataf.net/en/forex/tools...gn=redirection
  • #280
  • Mar 8, 2016 9:19pm Mar 8, 2016 9:19pm
Quoting Cizz
In the process of downloading indicator's and getting this up and running today! Looks like you have already done some very nice trades in the results. The spreads must getting annoying when your taking such small pips yeah?
Great to see you here Cizz!

Please be aware that I'm running a demo account as a learning/training tool and therefore I do not plan to have all great trades shown in the TE.

I want to show examples of trades that are good and also bad so that other traders can be aware of them and know how they should be managing their trades including PA across the chart.

At 1st glance the QAM strategy appears quite simple if a trader only thought to buy at blue Quantum box and sell at a red Quantum box.

Nothing could be further from the truth!

Monitoring, managing and knowing when to cut trades whilst letting others run based on a total risk% per cycle is what needs to be mastered!

I hope you enjoy the thread.

Masterrmind............
Master your Mind then Master your Trades
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