Q A M Trading Strategy

Quoting Masterrmind

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EURCHF [M15; 10] {image} Watching PA Price dropped a bit, then went up, then I entered short by 2 entries which would have got me into similar price levels as if I had entered immediately from where the Q boxes first printed. Waiting for a later entry allows PA to unfold! Masterrmind............

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Quoting Masterrmind

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{quote} EURCHF [M15; 10 - manual] {image} 1 cycle closed out........ Masterrmind............

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Quoting Masterrmind

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EURGBP [M15; 10 - manual] {image} Moved sell stops up a little higher but still kept them below the most recent lows so as to catch potentially more pips on the way down. Note that as price continues to remain at higher levels as time continues the lower blue trending line drifts higher and higher! Can anyone notice a potential issue with my altered pending sell stops? {image} Keep managing and monitoring your trades and pending orders! Masterrmind...........

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Quoting Masterrmind

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{quote} Look for obstacles to price on the way down........... Pivot and DO line to name some! {image} If price shows a lot of hesitation at either the Pivot or the DO line ... what should we do? Close some trades out if you wish...... Masterrmind............

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Quoting Masterrmind

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{quote} Closed out all trades except 2. Masterrmind............

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Quoting Masterrmind

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{quote} A few more shorts entered on EG along with the initial 2 from earlier in the ATW session. Just as a final emphasis on the dangers of entering trades post ATW! Masterrmind............

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Quoting Masterrmind

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{quote} Current situation for EG post ATW session {image} Masterrmind............

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Quoting Masterrmind

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{quote} EURGBP [M15; 10] Current situation.......... {image} SLs checked to make sure they comply with <=5% risk (adjusted quickly in case of a breach) TPs extended but remain within the previous days trading range. Continue to monitor PA around resistance level.... Close out some trades if price shows bullish intent and momentum to the upside and also watch what PA does closer to the mid R level! Masterrmind........... :nerd:

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Quoting Masterrmind

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{quote} EG - update {image} Masterrmind..........

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Quoting Masterrmind

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{quote} EG - update {image} closed out several trades... 2 remain @ a total risk of about 0.6% at current SL levels. Options: 1. wait for SL or TP on both trades 2. monitor trades and close out 1 or both based on bullish intent to the top side 3. close out 1 trade now and monitor the final trade 4. close out both trades now and remain net positive for the day Masterrmind...........

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Quoting Masterrmind

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{quote} Since I know that if SLs get taken out the whole short cycle is still net positive for the day (0.98% - 0.60% = 0.38%) In this situation I'd prefer to give the trades a chance based on PA ... a) bullish momentum would suggest closing the shorts out. b) bearish momentum would suggest monitoring the shorts closely looking to close them out in +ve territory. c) awareness of developing sessions also should be considered. Masterrmind........... :nerd:

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Quoting starpro

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that continuation "pinbar candle " was an alert there IMO ... wasnt on it so cant really qualify my analysis

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Quoting starpro

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someone said to me, "you cannot forge a river if you cannot step over a puddle first"

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