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Q A M Trading Strategy

  • #661
  • Mar 22, 2016 8:58pm Mar 22, 2016 8:58pm
Quoting Masterrmind
EURJPY [M15; 10] {image} Looking for a potential shorting opportunity! Masterrmind...........
Short on EJ

Attached Image (click to enlarge)
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Masterrmind...........
Master your Mind then Master your Trades
  • #662
  • Mar 22, 2016 9:04pm Mar 22, 2016 9:04pm
Quoting Masterrmind
{quote} Short on EJ {image} Masterrmind...........
EURJPY [M15; 10]

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Closed out at the FIB!

Certainly didn't have too but chose too.

Masterrmind..........
Master your Mind then Master your Trades
  • #663
  • Mar 22, 2016 9:31pm Mar 22, 2016 9:31pm
a nice pickup there MM, but it was in a nothing position for me ,its been pretty flat really since yest Do imo ... Im still waiting ...
  • #664
  • Mar 22, 2016 9:35pm Mar 22, 2016 9:35pm
AJ is the most interesting one to me atm ,3 Qboxes , has had long upper tail to hrly resistance (to the dot) will watch it closely for little while
  • #665
  • Mar 22, 2016 9:41pm Mar 22, 2016 9:41pm
Quoting starpro
a nice pickup there MM, but it was in a nothing position for me ,its been pretty flat really since yest Do imo ... Im still waiting ...
Simply looking to catch a few pips from a bounce down from the DO line........

NJ up next .... perhaps!!

Masterrmind..........
Master your Mind then Master your Trades
  • #666
  • Mar 22, 2016 9:45pm Mar 22, 2016 9:45pm
Quoting starpro
AJ is the most interesting one to me atm ,3 Qboxes , has had long upper tail to hrly resistance (to the dot) will watch it closely for little while
AJ

You could take it off the DO line for a few pips at least to the upside or wait to see if the pair dives down a bit deeper.

Its not for me to trade at the moment but perhaps later .... we shall see!

Masterrmind...........
Master your Mind then Master your Trades
  • #667
  • Mar 22, 2016 9:54pm Mar 22, 2016 9:54pm
Long NZDJPY [M15; 10]

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Consider this as a slightly aggressive entry because longs were taken prior to M15 candle completion.

This spells out a little more risk because its usually better to wait until candle completes (not always of course!)

Masterrmind............
Master your Mind then Master your Trades
  • #668
  • Mar 22, 2016 11:42pm Mar 22, 2016 11:42pm
Quoting Masterrmind
Long NZDJPY [M15; 10] {image} Consider this as a slightly aggressive entry because longs were taken prior to M15 candle completion. This spells out a little more risk because its usually better to wait until candle completes (not always of course!) Masterrmind............
NZDJPY [M15; 10 -manual]

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Price not moving anywhere ....

Consolidated PA within a well defined tighter trading range ...

No immediate danger on my longs ...

PA needs to be monitored for any strong bearish intent below the pivot which could signal a quick exit ...

Read PA across the chart and remember that the global SLs should never really get hit since exit signs usually occur well before these levels!

An alert trader is a smarter trader that knows when PA has dealt out the warning signs that point towards an early exit!

Masterrmind.........
Master your Mind then Master your Trades
  • #669
  • Mar 22, 2016 11:54pm Mar 22, 2016 11:54pm
Quoting Masterrmind
{quote} NZDJPY [M15; 10 -manual] {image} Price not moving anywhere .... Consolidated PA within a well defined tighter trading range ... No immediate danger on my longs ... PA needs to be monitored for any strong bearish intent below the pivot which could signal a quick exit ... Read PA across the chart and remember that the global SLs should never really get hit since exit signs usually occur well before these levels! An alert trader is a smarter trader that knows when PA has dealt out the warning signs that point towards an early exit! Masterrmind............
A short Q box has just been generated so at this stage I'm still keen to exit the cycle closer to the DO line (about 15 pips higher up).

PA showing some intent to move higher so the options need to be considered:

1. keep monitoring cycle
2. close out all trades now
3. close out half the trades and let the others run and start tightening the SLs

PA monitoring in full swing!

Masterrmind...........
Master your Mind then Master your Trades
  • #670
  • Mar 23, 2016 12:01am Mar 23, 2016 12:01am
Quoting Masterrmind
{quote} A short Q box has just been generated so at this stage I'm still keen to exit the cycle closer to the DO line (about 15 pips higher up). PA showing some intent to move higher so the options need to be considered: 1. keep monitoring cycle 2. close out all trades now 3. close out half the trades and let the others run and start tightening the SLs PA monitoring in full swing! Masterrmind...........
NZDJPY [M15; 10 - manual]

Attached Image (click to enlarge)
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Closed out about half the trades.

SLs moved up just under the Pivot (staggered)

Monitoring the final few trades

Masterrmind...........
Master your Mind then Master your Trades
  • #671
  • Mar 23, 2016 12:05am Mar 23, 2016 12:05am
Quoting Masterrmind
{quote} NZDJPY [M15; 10] {image} Closed out about half the trades. SLs moved up just under the Pivot (staggered) Monitoring the final few trades Masterrmind...........
NZDJPY [M15; 10 - manual]

All trades now closed out!

Masterrmind..........
Master your Mind then Master your Trades
  • #672
  • Mar 23, 2016 12:16am Mar 23, 2016 12:16am
EURJPY [M15; 10 - manual] and NZDJPY [M15; 10 - manual]

Attached Image (click to enlarge)
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Monitored start to finish!

Note: the importance here is the trading methodology applied, the pips and the big coin will come later!

Masterrmind...........
Master your Mind then Master your Trades
  • #673
  • Mar 23, 2016 12:55am Mar 23, 2016 12:55am
short NJ but hard going ...
  • #674
  • Mar 23, 2016 1:08am Mar 23, 2016 1:08am
Quoting Masterrmind
{quote} 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...
To be honest i agree with you, instead of an edge, then for sure one needs luck. I dont know if you are a lucky someone but i bet your quantum theory doesnt provide any edge. I could be wrong but if im not then all your talk about dd and risk control mean.
I cant read both threads since im sure the method is not profitable, i will have a look at your explorer though.
thanks and good trading to you too.
  • #675
  • Mar 23, 2016 9:20am Mar 23, 2016 9:20am
Quoting starpro
short NJ but hard going ...
How did your NJ shorts end up starpro?

Masterrmind...........
Master your Mind then Master your Trades
  • #676
  • Mar 23, 2016 12:18pm Mar 23, 2016 12:18pm
Hi Masterrmind,

I am still happy with Quantum Indi and EUR/CHF trades, but I change to 5 min chart, after easter time I will increase the lot size for more risk/gain ... I missed some entries in cad/jpy today because school holidays and I have to entertain my son, even I am thinking about to change my main broker account to IC markets because of spread. I think that I am not be able to monitor too plenty of different pairs in trading as you can do ... maybe I get more confident in time with your style

Question: you mention plenty of times the DO line ... how important is that line in your point of view and experience in trading

Thanks, always green pips
  • #677
  • Mar 23, 2016 5:27pm Mar 23, 2016 5:27pm
MM . because I used larger position size ,when I saw a sudden jump on a green candle I panicked and closed all at very top (nowhere near stop loss DO line which was only100 or so ticks from closure pt) BUT price was headed for Do line coming from a support ,that 1 undisciplined panic cost me over 400 ticks,
  • #678
  • Mar 23, 2016 5:28pm Mar 23, 2016 5:28pm
Quoting togerhard
Hi Masterrmind, I am still happy with Quantum Indi and EUR/CHF trades, but I change to 5 min chart, after easter time I will increase the lot size for more risk/gain ... I missed some entries in cad/jpy today because school holidays and I have to entertain my son, even I am thinking about to change my main broker account to IC markets because of spread. I think that I am not be able to monitor too plenty of different pairs in trading as you can do ... maybe I get more confident in time with your style Question: you mention plenty of times the DO...
Hi togerhard,

Thank you for some very relevant feedback and opinions its very refreshing to hear it.

In the end the trader needs to decide on the following:

1. Time frame to trade

(M1, M5, M15 no higher TF than M15 in the Asian Trading Window ..... M5 also works very well as I trade this TF too!)

2. Pairs

(find a few pairs that you like but keep at least 1 turtle pair and a faster moving pair - look at multiple pairs as your experience grows)

3. Broker

(do a lot of research in this area, reviews, typical spreads and quality of doing business)

4. DO line

(price starts from this level each trading day so it is only a relative level however, in the ATW session price very often moves out 10 to 20 or more pips and then very often reverses back to the DO line, trading opportunities can occur as bounces off the DO line)

Just remember that we need to be aware of PA and its typical behaviors on the chart and any price level increases in importance only after price has respected the level or shown an obvious reaction at that level by hesitating close to the zone or quickly bouncing off it.

If a candle completed say within 5 pips or so of the DO line then an entry should be postponed until a clearer direction in price is shown!

If price continues through a given level without any signs of respecting it then the level may have less importance!

Let me know if you need more in-depth explanations.

Masterrmind...........
Master your Mind then Master your Trades
  • #679
  • Mar 23, 2016 5:46pm Mar 23, 2016 5:46pm
Quoting starpro
MM . because I used larger position size ,when I saw a sudden jump on a green candle I panicked and closed all at very top (nowhere near stop loss DO line which was only100 or so ticks from closure pt) BUT price was headed for Do line coming from a support ,that 1 undisciplined panic cost me over 400 ticks,
Yes this type of trader decision making process happens all day every day!

There will be plenty of times when a trader thinks that a support level will hold and in the case of a short entry the moment a small bullish candle is produced the trade is closed out .... only minutes later to see price smash down through support for another 100 ticks or more. Similarly for a long entry.

Trailing the stops is one approach but trail too tightly and you risk getting taken out, trail too wide and you risk giving back some unrealized profit if price suddenly reverses on you and heads the opposite direction.

Trailing positions in the turtle pairs such as EURCHF and EURGBP are less likely early on in the ATW due to minimal pip ranges.

It is a balancing act most of the time and highly discretionary.

No matter the experience of the trader a perfect exit never occurs.

All we attempt to do is take profit as required, at an opposite Q signal, at logical S or R levels or the DO line as the case may be.

Familiarity with a pair goes a long way to closing out profit at 'ideal' levels but this too cannot be perfected .... only improved.

Masterrmind.........
Master your Mind then Master your Trades
  • #680
  • Mar 23, 2016 6:01pm Mar 23, 2016 6:01pm
Thursday Trading Session

Tokyo Open - 1 hour

Pairs list:

AUDJPY
AUDNZD
AUDUSD
CHFJPY
EURCHF
EURGBP
EURJPY
EURUSD
NZDJPY

Focus on the EURCHF and EURGBP pairs until you're comfortable trading some of the other pairs.

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