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Q A M Trading Strategy

  • #641
  • Mar 21, 2016 11:01pm Mar 21, 2016 11:01pm
Had a most excelent run since you made me aware of a few more things MM bugga TS was too tight ,, but no probs ..more to come
  • #642
  • Mar 21, 2016 11:08pm Mar 21, 2016 11:08pm
Quoting starpro
Yeh EJ is very non comittal atm , I will watch till the 50pt ts kicks in then let it run ,prfoit or b/e ok 50pt kicked in .now 100pt TS n see what happens EJ stopped out
If it shows any lack of committal then I always give it what I think is 'enough' time to respond and if it doesn't then I look for a net positive exit.

Masterrmind...........
Master your Mind then Master your Trades
  • #643
  • Mar 21, 2016 11:13pm Mar 21, 2016 11:13pm
Quoting starpro
Had a most excelent run since you made me aware of a few more things MM bugga TS was too tight ,, but no probs ..more to come
Not seen anything yet starpro .... this is still the very tip of the iceberg as far as QAM Strategy is concerned.

I trade the volatile pairs on multiple TFs and yes even the M1 TF using a different strategy but I use some similar ideas in the QAM strategy too.

Once you get used to seeing action in the M1 volatile pairs its very easy to see PA unfold on a slower or a turtle pair.

More experience equals more market feel and that unfortunately is part of the trader discretionary component which can be explained to some degree but in the end it comes down to an individual traders intuition.

No place here for simple red/green trigger system I'm afraid!

Masterrmind............
Master your Mind then Master your Trades
  • #644
  • Mar 21, 2016 11:16pm Mar 21, 2016 11:16pm
ok decided to close AJ for $1 /.01, to me $1/.01 return on a margin of$10/.01 is ok . bounced off Do so quit asap
  • #645
  • Mar 21, 2016 11:22pm Mar 21, 2016 11:22pm
Quoting starpro
ok decided to close AJ for $1 /.01, to me $1/.01 return on a margin of$10/.01 is ok . bounced off Do so quit asap
Managing the trades is what its all about!

Now long NJ

Late entries in the ATW so what does that mean???

Masterrmind...........
Master your Mind then Master your Trades
  • #646
  • Mar 21, 2016 11:32pm Mar 21, 2016 11:32pm
Quoting Masterrmind
{quote} Managing the trades is what its all about! Now long NJ Late entries in the ATW so what does that mean??? Masterrmind...........
NJ Late entries in the ATW so what does that mean???

1. likely increase in risk
2. give the trades enough room to breathe (initially)
3. any sign of PA intent opposite to your favored direction spells looking for an exit
4. as time increases, look to tighten stops and extend out TPs
5. reduce risk on the cycle asap
6. what else??

Masterrmind...........
Master your Mind then Master your Trades
  • #647
  • Mar 21, 2016 11:37pm Mar 21, 2016 11:37pm
NZDJPY [M15; 10 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB


SLs reduced but remain under the Pivot (risk is now further reduced but SL location is logical and makes sense)

TPs moved up higher

Upcoming action: tighten the stops to just below DO line (remove more risk on the cycle as price heads in our favor)

Be prepared for any signs of sudden reversals and close out some/all of the trades as deemed appropriate!

Masterrmind.........
Master your Mind then Master your Trades
  • #648
  • Mar 21, 2016 11:45pm Mar 21, 2016 11:45pm
Remember that taking some quick profit out of the market now is perfectly fine.

You do not have to wait until price hits TP.

Keep tightening your stops because your sole aim is to reduce all the risk as much as possible!

ps. trader discretion and experience helps meaning if you tighten stops too much at the wrong time then you are likely to get stopped out prematurely.

Masterrmind...........
Master your Mind then Master your Trades
  • #649
  • Mar 21, 2016 11:48pm Mar 21, 2016 11:48pm
Quoting Masterrmind
Remember that taking some quick profit out of the market now is perfectly fine. You do not have to wait until price hits TP. Keep tightening your stops because your sole aim is to reduce all the risk as much as possible! ps. trader discretion and experience helps meaning if you tighten stops too much at the wrong time then you are likely to get stopped out prematurely. Masterrmind...........
Having said all that I decided to close out the NJ cycle.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 89 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #650
  • Mar 22, 2016 12:19am Mar 22, 2016 12:19am
Quoting Masterrmind
{quote} Having said all that I decided to close out the NJ cycle. {image} Masterrmind..........
Typically if the cycles are opened earlier in the ATW then the tendency is to allow the cycle to run longer.

The later a cycle is opened in the ATW then the tendency is to cut the cycle short when in profit.

ps. each cycle should be assessed on its own merits!

Masterrmind...........
Master your Mind then Master your Trades
  • #651
  • Mar 22, 2016 1:46am Mar 22, 2016 1:46am
Tomorrows ATW trading ranges have been calculated as follows:

Attached Image


AUDJPY

Attached Image


ps. all the other 8 pairs SLs are calculated in a similar way to AJ shown above.

For every pair I trade similar calculations are performed however on some pairs (eg volatile pairs, fast movers) I employ an element of flexibility.
This will not be covered until much later as required!

Masterrmind...........
Master your Mind then Master your Trades
  • #652
  • Mar 22, 2016 1:47am Mar 22, 2016 1:47am
Remember that the SLs calculated from Post# 651 are initial starting SLs only.

The chart structure should determine any adjustments to these SLs re S+R, pivot point, Fib ratio or zones of confluence as the case may be.

As trading continues (once entries are open to the market) the SLs should be dynamically adjusted to flow with PA and the timing of the session.

Typically as the session grows longer the SLs should be reduced (TPs should be extended)

Note: SLs should be adjusted to realistic levels as an ongoing process.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #653
  • Mar 22, 2016 9:13am Mar 22, 2016 9:13am
Quoting Masterrmind
{quote} I doubt you have bothered to read either this thread or the other thread in any detail and if so then you have missed the bulk of the key posts! The Quantum London Trading (QLT) thread was meant for a far larger bank roll (>> US$10 000) traded by both Mer and myself and also many other traders (perhaps silently in the background). Allow me to enlighten you so that your understanding is greatly improved (at least I hope so) ........... The QLT Method can easily be backtested using Mers' favorite pair GBPUSD [M1; 325] and the success rate...
The quantum is a losing system, in the long term, when the drawdown gets too large gone will be the account no matter how big the account is. IA lot of people realised that. Thats why mer's thread is almost dead now and thats why you you came up with a new thread. But at least you came up with an explorer so props to you.
I will definitely be watching that explorer though. Also, you mentioned a 10k live account where you traded the original method( which as you said works incredibly well), do you mind making that account visible ? also what are your results with it ?

Anyway like i said, im happy you came up with an explorer so now you wont come everyday claiming profitable trades without us being able to verify it.
Thanks and good trading to you.
  • #654
  • Mar 22, 2016 6:26pm Mar 22, 2016 6:26pm
Quoting metta87
{quote} The quantum is a losing system, in the long term, when the drawdown gets too large gone will be the account no matter how big the account is. IA lot of people realised that. Thats why mer's thread is almost dead now and thats why you you came up with a new thread. But at least you came up with an explorer so props to you. I will definitely be watching that explorer though. Also, you mentioned a 10k live account where you traded the original method( which as you said works incredibly well), do you mind making that account visible ? also what...
Sadly for traders like you who have no concept of risk or how to control DD then it will be a losing system no matter the system used!

The methodology behind the QAM system has a major focus on the DD issue and controlling risk on every cycle taken in the market.

You clearly still have not read the 2 threads which amazes me.

I repeat what I said before do yourself a favor and read both threads from the start NOT the last few pages.

Trade Explorers:

The month of March and possibly beyond are devoted to learning about the methodology behind the QAM Strategy.

They are demo accounts whose sole purpose is to generate both good, bad and ugly cycles of trades!

This allows for discussion especially regarding the bad and the ugly cycles for both those familiar with the Quantum concept and those new to it.

I teach from a different perspective and feel it would be wrong to show positive cycles only .... better to show a combination when learning!

Live Account:

I keep all my trading records as should all traders

I am under no obligation whatsoever to show you any of my trading accounts (live especially)

You are clearly NOT interested in the Quantum or the QAM systems!

Showing my trading history to you would not benefit you at all because you clearly do not understand nor do you show intent to learn the method!

I will/may link a TE (live) at a later stage which may only be visible to my buddies (possibly the public) yet to be finalised.

If you read this thread you would already know that!

Good luck in your trading as luck is what you will need.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #655
  • Mar 22, 2016 6:45pm Mar 22, 2016 6:45pm
Gidday Traders and lurkers , cant see anything much today , things to do outside good fortune
  • #656
  • Mar 22, 2016 6:47pm Mar 22, 2016 6:47pm
Wednesday Trading Session

Start looking at the following 9 pairs and decide which pair you are interested in trading.

AUDJPY
AUDNZD
AUDUSD
CHFJPY
EURCHF
EURGBP
EURJPY
EURUSD
NZDJPY

News: Consider any likely impacts on the pair you decide to trade!

Masterrmind............
Master your Mind then Master your Trades
  • #657
  • Mar 22, 2016 6:48pm Mar 22, 2016 6:48pm
Quoting starpro
Gidday Traders and lurkers , cant see anything much today , things to do outside good fortune
Yes I agree with that statement starpro I haven't found anything worthy yet to trade.

But that can and will change as the day unfolds (usually faster then one thinks)

Enjoy your day!

Masterrmind..............
Master your Mind then Master your Trades
  • #658
  • Mar 22, 2016 7:08pm Mar 22, 2016 7:08pm
Remember NOT to force a trade.

If nothing looks like a good setup then simply be patient and wait!

Masterrmind............
Master your Mind then Master your Trades
  • #659
  • Mar 22, 2016 8:15pm Mar 22, 2016 8:15pm
AUDUSD [M15; 10]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB


AUD showing some strength so be careful about going short at this time.

Where might price be headed?

Attached Image


Always try to form a logical opinion of where price is likely to be headed then if price reached these levels look for a sign of bearish intent if shorting was the preferred entry.

Don't forget to check longer term trending on this and other related pairs!!

Masterrmind......... :nerd:
Master your Mind then Master your Trades
  • #660
  • Mar 22, 2016 8:34pm Mar 22, 2016 8:34pm
EURJPY [M15; 10]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB


Looking for a potential shorting opportunity!

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