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Q A M Trading Strategy

  • #321
  • Mar 10, 2016 1:17am Mar 10, 2016 1:17am
Price now resting on major support........

Looks like a slow but eventual end to the 3 longs not too far away.

Masterrmind..........
Master your Mind then Master your Trades
  • #322
  • Mar 10, 2016 1:22am Mar 10, 2016 1:22am
Quoting Masterrmind
Price now resting on major support........ Looks like a slow but eventual end to the 3 longs not too far away. Masterrmind..........
Not the best time to leave and if it was live trading I'd consider closing our 1-2 trades and leaving the last trade to run.

In this situation I'll leave all 3 to run with current SL's in place (unchanged).

I would think that all 3 trades will be taken out very soon based on the flow of price across the chart.

Masterrmind...........
Master your Mind then Master your Trades
  • #323
  • Mar 10, 2016 3:38am Mar 10, 2016 3:38am
Quoting Masterrmind
{quote} Not the best time to leave and if it was live trading I'd consider closing our 1-2 trades and leaving the last trade to run. In this situation I'll leave all 3 to run with current SL's in place (unchanged). I would think that all 3 trades will be taken out very soon based on the flow of price across the chart. Masterrmind...........
Hi MM, we got a new LL around 1.0928 at this time I am writing ... I know that this is now not your trading window but I am in an different timeZone ( I will do my best the time you start the live trading to be on time with you) ... I will enter now and go long with a first pos ( I did 12 trades with your Indis since March 7 in eur/chf already and all closed in a plus but as I mentioned it before, just closing too early,
I do not have always that patience to wait ). Draghi ahead for today so better ... relax. Thanks Masterrmind in sharing your ideas with us, as for me, I can learn a lot out of it.
  • #324
  • Mar 10, 2016 4:58am Mar 10, 2016 4:58am
Quoting togerhard
{quote} Hi MM, we got a new LL around 1.0928 at this time I am writing ... I know that this is now not your trading window but I am in an different timeZone ( I will do my best the time you start the live trading to be on time with you) ... I will enter now and go long with a first pos ( I did 12 trades with your Indis since March 7 in eur/chf already and all closed in a plus but as I mentioned it before, just closing too early, I do not have always that patience to wait ). Draghi ahead for today so better ... relax. Thanks Masterrmind in sharing...
The idea behind the demo trades is to show some good trades, some bad trades but most importantly to outline how best to manage cycles of trades.

I hope traders study what is presented to them because these are the types of situations that they could face when trading live and if they are not aware of PA and also the typical locations of entries with regard to the DO line, pivot points, support and resistance zones it is very possible that they will open a bad cycle of trades almost destined to lose.

If they know what is likely to occur and how to best manage the situation then a bad cycle could turn out to be not so dramatic.

I'm pleased you are getting something from my ideas.

Masterrmind............
Master your Mind then Master your Trades
  • #325
  • Mar 10, 2016 5:21am Mar 10, 2016 5:21am
Study the following chart it contains some gold nuggets meaning situations where entries should not be made.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Follow PA across the chart it gives out many great clues.

These trades were great examples that clearly show the dangers of attempting to go long under and close to both the DO line and the pivot point.

This is particularly important when trades are taken live.

Note:

1. By following PA and interpreting it correctly no cycles would have been taken and if you were also analyzing EURGBP at the time some great cycles were up for the taking.

2. Since this cycle was taken it ties up all your allocated risk into a bad cycle of trades that should never have been opened in the 1st instance!

I hope the trades today highlight the importance of relating price to every other important factor on the chart!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #326
  • Mar 10, 2016 5:45am Mar 10, 2016 5:45am
EURCHF [M1; 200 - manual]

Main points outlined in the chart!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB


If price is under a pivot or resistance level do not open a long trade better to wait for PA to show the way!

Any questions please ask!

Masterrmind...........
Master your Mind then Master your Trades
  • #327
  • Mar 10, 2016 12:44pm Mar 10, 2016 12:44pm
what happened for the last couple trades? It seemed to be doing nicely up until that point
  • #328
  • Mar 10, 2016 3:57pm Mar 10, 2016 3:57pm
Quoting theprofessor
what happened for the last couple trades? It seemed to be doing nicely up until that point
Traders who make a comment like this clearly have not been following the thread or reading the posts.

The month of March as outlined earlier is meant for demo trading where I outline good cycles, not so good cycles and bad cycles of trades!

It is important to demonstrate what can go wrong and how a trader might manage a cycle of trades.

The first phase is setup in this way because there is no point in showing a string of successful cycles in a row without at least showing a few days of bad entries and bad cycles.

The purpose if you read through the thread is exactly as the content shows.

Please read through the posts and the commentary if you wish to understand the strategy and the important charts with comments.

March will continue to demonstrate the good, the bad and the ugly.

April (if traders are ready) is when I plan to trade live with a TE and this will demonstrate some of what the QAM strategy has to offer.
A QAM Strategy [Ultimate Edition] may also be introduced at a much later stage for trading multiple pairs and multiple time frames.

Looking at an equity curve without even reading through the thread first shows a high degree of ignorance my friend.

I hope you become better informed, read through the thread and enjoy the QAM strategy.

ps. I see no point in showing traders a string of successful trades during the learning phase because if I do this how will they manage 'bad' cycles?

Take care,

Masterrmind............
Master your Mind then Master your Trades
  • #329
  • Mar 10, 2016 5:31pm Mar 10, 2016 5:31pm
FRIDAY (THURSDAY FOR SOME FRIENDS) - last trading day of the week.

Today I'll be starting from Tokyo Open.

Pairs to be traded: EURCHF [M1; XXX - manual] and EURGBP [M1; XXX - manual]

Looking for opportunities and entries on both pairs and outlining some of the common dangers as they happen.

Note: Be aware that March should only be demo traded as a learning exercise (not live).

ps. At the end of todays trading I will outline the plan for next week.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #330
  • Mar 10, 2016 5:59pm Mar 10, 2016 5:59pm
EURGBP - Trade window ranges over the last 20 days

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB


The same should be done for the EURCHF pair.

Note: not a lot of difference in this case to yesterdays calculations.

SL applied for EURGBP will be 34.9 + buffer (2-4 pips) = 37 pips. (could leave it at 38 same as yesterday if you wish)

Masterrmind...........
Master your Mind then Master your Trades
  • #331
  • Mar 10, 2016 6:02pm Mar 10, 2016 6:02pm
EURGBP [M1]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #332
  • Mar 10, 2016 6:08pm Mar 10, 2016 6:08pm
Quoting Masterrmind
EURGBP [M1] {image} Masterrmind..........
EURGBP [M1]

Zoomed into the chart!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB


Should do the same for all pairs being traded or any pairs planned to be traded!

Masterrmind..........
Master your Mind then Master your Trades
  • #333
  • Mar 10, 2016 6:10pm Mar 10, 2016 6:10pm
Any initial thoughts?

1. What is PA trying to tell us.

2. Where is price now in relation to support, resistance, DO line.

3. What is the general trend of the pair prior to start of day, from start of day and from Tokyo Open?

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #334
  • Mar 10, 2016 6:15pm Mar 10, 2016 6:15pm
EURGBP [M1]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB


Price testing DO line .........

Masterrmind............
Master your Mind then Master your Trades
  • #335
  • Mar 10, 2016 6:22pm Mar 10, 2016 6:22pm
EURCHF [M1]

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


Whats this pair doing now and what has it been doing recently?

Masterrmind...........
Master your Mind then Master your Trades
  • #336
  • Mar 10, 2016 6:25pm Mar 10, 2016 6:25pm
Quoting Masterrmind
EURGBP [M1] {image} Price testing DO line ......... Masterrmind............
EURGBP [M1]

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


Quantum short signal .... what should we do?

Masterrmind............
Master your Mind then Master your Trades
  • #337
  • Mar 10, 2016 6:29pm Mar 10, 2016 6:29pm
Quoting Masterrmind
{quote} EURGBP [M1] {image} Quantum short signal .... what should we do? Masterrmind............
EURGBP [M1]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB


2 short Quantum signals and price heading back to the DO line (at least it appears to be)

Masterrmind...........
Master your Mind then Master your Trades
  • #338
  • Mar 10, 2016 6:35pm Mar 10, 2016 6:35pm
Quoting Masterrmind
{quote} EURGBP [M1] {image} 2 short Quantum signals and price heading back to the DO line (at least it appears to be) Masterrmind...........
EURGBP [M1]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB


Was entering a short on bearish intent worth it in this situation?

Remembering that its highly unlikely you will take 100% of the move down (more like 50-70% if you are doing everything right ... what about spread?)

Masterrmind...........
Master your Mind then Master your Trades
  • #339
  • Mar 10, 2016 6:41pm Mar 10, 2016 6:41pm
Meanwhile the EURCHF pair is going no where .

EURCHF [M1] chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 69 KB


Lets focus our attention only on the EURGBP for now.

Note: glance over the EURCHF chart occasionally though as activity can change fast!

Masterrmind............
Master your Mind then Master your Trades
  • #340
  • Mar 10, 2016 6:49pm Mar 10, 2016 6:49pm
EURGBP [M1]

Has anyone noticed where their SL would be placed with respect to the next resistance level?

What SL are we applying on the EURGBP pair today?

How many pips is it to the next resistance level ?

What should we do?

Maybe this chart will help.

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


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