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Q A M Trading Strategy

  • #541
  • Mar 17, 2016 8:02pm Mar 17, 2016 8:02pm
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  • #542
  • Mar 17, 2016 8:10pm Mar 17, 2016 8:10pm
Majors (some)

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Be careful how you go about judging weakness or strength in a base or counter currency!

Try to extract whats relevant now for the pair you choose to trade!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #543
  • Mar 17, 2016 8:34pm Mar 17, 2016 8:34pm
EURGBP - shorts but only 4 pips or so to the DO line.

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Is it worth trading?

Masterrmind..........
Master your Mind then Master your Trades
  • #544
  • Mar 17, 2016 8:41pm Mar 17, 2016 8:41pm
Using M1 and M15 charts in tandem

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Avoids multiple entries

M1 producing many Q boxes
M15 just the 1 box at the moment

Why not wait for an M15 candle to close..... ??

Where might price be headed?
Pivot about 20 pips higher but no guarantee price will make it......

So what should we do?

Masterrmind..........
Master your Mind then Master your Trades
  • #545
  • Mar 17, 2016 8:58pm Mar 17, 2016 8:58pm
Q boxes what are they trying to show you?

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Think about bullish and bearish intent of PA!

Masterrmind...........
Master your Mind then Master your Trades
  • #546
  • Mar 17, 2016 9:18pm Mar 17, 2016 9:18pm
interesting strategy...

am tempted to think...the Quantum indicator is a variant of donchain channel or even bband ...

ever considered scalping oppositte? scalp short at the blue dots and scalp long at the red dots?
practising coitus interruptus
  • #547
  • Mar 17, 2016 9:32pm Mar 17, 2016 9:32pm
Quoting avibe
interesting strategy... am tempted to think...the Quantum indicator is a variant of donchain channel or even bband ... ever considered scalping oppositte? scalp short at the blue dots and scalp long at the red dots?
Absolutely yes especially in the Asian session.

The way I do that is to scalp at a much higher lot size (smaller SL attached)

These become the trades in between the main cycle.

Note: I haven't covered that part of the strategy yet its still to come but thank you for mentioning it.

This is 1 technique I apply to 'boost' net% gain!

Masterrmind..........
Master your Mind then Master your Trades
  • #548
  • Mar 17, 2016 9:33pm Mar 17, 2016 9:33pm
Ive actually thought of putting "pending" orders to catch the Q box levels when the price actaully reverses also .....eliminate DD but still be in at that price if it gets there
  • #549
  • Edited 10:22pm Mar 17, 2016 10:06pm | Edited 10:22pm
Quoting starpro
Ive actually thought of putting "pending" orders to catch the Q box levels when the price actaully reverses also .....eliminate DD but still be in at that price if it gets there
Yes!

Wait for Q boxes to get printed out and say for a potential short cycle as price continues UP start entering pending sell stops starting from the 1st entry.

Definitely apply this type of approach because you want to start opening orders as price heads back down.

In fact as an example that's what I started doing for the 10 shorts taken on EURGBP [M1; 200] chart.

What I did is wait for multiple Q boxes to be printed which on my EG [M1] chart was 8 then watched price drop a little and then up price went to test the highs again and printed out another 2 boxes or so.

The trouble with doing this on an M1 TF is if price starts reversing down quickly you won't have enough time to apply the sell stops using MT4 so what you need is a script with hot keys to get the trades out fast.

This time though I did it manually (to discuss this later regarding timing of entries etc and use of a script) started running out of time when you enter SLs and TPs and so the entries were then made by single click with SL and TPs entered shortly after (not a wise practice for several reasons).

Masterrmind..............
Master your Mind then Master your Trades
  • #550
  • Mar 17, 2016 10:31pm Mar 17, 2016 10:31pm
was just penning a reply along the same lines ... just find a signal that the alert says "Im the top Q box "
  • #551
  • Mar 17, 2016 10:39pm Mar 17, 2016 10:39pm
Quoting starpro
was just penning a reply along the same lines ... just find a signal that the alert says "Im the top Q box "
Wouldn't that be great!

No such luck I'm afraid its all hard work ahead!

Masterrmind............
Master your Mind then Master your Trades
  • #552
  • Mar 17, 2016 11:21pm Mar 17, 2016 11:21pm
Volatile pair example

EURAUD [M15; 10]

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Wait for bearish intent then consider if entry is ok.

Looking for 1-2 entries at the most.

Wait for completion of current candle and then we want to see the next candle bearish!

So the entry is not likely until at least 20 minutes or more.

Masterrmind...........
Master your Mind then Master your Trades
  • #553
  • Mar 17, 2016 11:23pm Mar 17, 2016 11:23pm
ok for young and old what do you class/define "bearish intent' as?
  • #554
  • Mar 17, 2016 11:26pm Mar 17, 2016 11:26pm
I woulod clas this pin bar candle as bearish intent IF the current candle closes below the pinbar candle EG 15 min
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  • #555
  • Mar 17, 2016 11:32pm Mar 17, 2016 11:32pm
MUST STOP trying to create shorting opportunities in a RISING market ,,,, stoopid ....
  • #556
  • Mar 17, 2016 11:34pm Mar 17, 2016 11:34pm
Quoting starpro
ok for young and old what do you class/define "bearish intent' as?
Signs of weakness in the bulls (if trading from an M15 chart drop down to an M1 chart and look for weakness of price to move higher .... a breakdown in bull strength)

Also look for signs of rotation in price action to the downside .... the initial stages of this comprise a bearish candle typically more than 50% close down of the previous bullish candle on an M15 TF (it is relative to the chart though)

For example,

1. large bullish candle
2. followed by slightly shorter bullish candle
3. followed by an even smaller bullish candle
4. etc
5. etc
6. then a doji or a pin bar or a bearish engulfing candle.

Clear indication on the chart that the bulls are struggling to push price higher and that the bears are showing some form of strength.

Look at momentum and the timing of the bulls to drive price up and any visually obvious signs that momentum has slowed down followed by a bearish candle.

Note: I'll upload a typical example on the EA pair as I'm following it now live if it produces what I'm hoping it will!

Masterrmind...........
Master your Mind then Master your Trades
  • #557
  • Mar 17, 2016 11:40pm Mar 17, 2016 11:40pm
explinations like that SHOULD be enormous help to everyone that dosent quite grasp the meaning ...
  • #558
  • Mar 17, 2016 11:44pm Mar 17, 2016 11:44pm
Quoting starpro
explinations like that SHOULD be enormous help to everyone that dosent quite grasp the meaning ...
Once I post a chart it will be very clear!

As an aside note - EURAUD Chart: if the next candle forms as a bearish candle and closes very close to the DO line I most likely would not enter the trade ... I would wait until the next candle forms!

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Since we are wanting a bearish candle this will force price down closer to the DO line so the timing of the entry is not quite to our advantage.
Price currently is less than 10 pips to the DO line!

You always need to put everything you analyze into context ... ask yourself does it make sense to enter a trade in this space in this time period!

Masterrmind...........
Master your Mind then Master your Trades
  • #559
  • Mar 17, 2016 11:47pm Mar 17, 2016 11:47pm
EA gave excellent Qbox signal bout 4hrs ago , 2 boxes (60 setting)
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  • #560
  • Mar 17, 2016 11:58pm Mar 17, 2016 11:58pm
Quoting Masterrmind
{quote} Once I post a chart it will be very clear! As an aside note - EURAUD Chart: if the next candle forms as a bearish candle and closes very close to the DO line I most likely would not enter the trade ... I would wait until the next candle forms! {image} Since we are wanting a bearish candle this will force price down closer to the DO line so the timing of the entry is not quite to our advantage. Price currently is less than 10 pips to the DO line! You always need to put everything you analyze into context ... ask yourself does it make sense...
The indecision candle does not tell us anything about bearish intent!

It simply suggests that the strength of the bulls to the upside has diminished over the last candle period (it does not mean the bulls have given up!).

This is why it can be a TRAP for young players or those less informed.

Monitor further and wait for a sign from the bears as to their intention!

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