QAM Trading Journal $US1000 to ???

THIS TRADING JOURNAL IS PRIMARILY FOCUSED ON APPLYING THE QAM TRADING TECHNIQUES FOUND IN THE FOLLOWING THREAD:

http://www.forexfactory.com/showthread.php?t=580721

The plan is to take a 1K account (live) and grow it over time into a much larger account that can then be traded on different Quantum strategies....

Why?

Because trading the Quantum strategies with a larger account using a progressive lot size is far easier to manage.
Trading QAM with a 1K account is certainly not easy and has plenty of risk attached.

Also the QAM strategy is a means by which other traders can grow a small account into a larger account that can then be used to trade different trading window sessions such as the Quantum London session where an account >>$10K is preferred.

Commentary will be provided as appropriate but maybe limited to daily cycles being considered and followed up by end of trading day cycle summary.

Other traders are invited to show their 1K live accounts too using the QAM trading strategy including the posting of any cycles taken!

Lets see how far this 1K account can go!

Masterrmind.............

April 4 2016 - MONDAY (start of live 1K QAM trading account)

WEEK 1

The general trading window will usually be between Tokyo - 1 hour through to Tokyo + 6 hours but I reserve the right to alter this at any time.

The management of final trades in cycles might produce closures that go beyond the trading window end time.

The 3 most important factors include:
1. operating cycles of trades with an acceptable DD
2. producing a positive net% weekly gain
3. applying risk measures
4. growing the account

Some days there may be no cycles of trades.
Other days there may be several cycles of trades.
No specific set of currency pairs will be traded as I trade any given pair based on certain criteria.

If there was a typical day that might produce no trades then it would be Monday or a very high impact news day (sometimes traded)
Fridays might produce only 1 or 2 cycles with the intention to close out cycles swiftly rather than allowing them to drag on.

Lets see what the market gives out this week!

Masterrmind............

Monitoring pairs!



Masterrmind............

No cycles taken today ..........

Lets see what opportunities are presented by the market tomorrow .........

Masterrmind.............

definitely have to be much more PATIENT with real a/c ....

Yes selective and discretionary!

A few other useful techniques will also be outlined here over the coming days and weeks as examples present themselves.

1. later entries applying either Buy Stop or Sell Stops
2. combination entries including long on red Q and short on blue Q if a trend is detected after a few hours or price has trended away from the DO line
3. plus others

Masterrmind............

MM , I have noticed that some blue Q boxes give good sell signals if you look for the 3higher lows after the blue box forms ,could be 1 method to short on blue box , havent tried it yet so unknown results at this stage ....

Exactly right especially for a pair that you know in advance has a high likelihood of showing strength in a particular direction.

I hinted towards this in the post above.

Something more that should be noted it that possibility to take trades at Q signal against the flow of Q but with the trend and then to apply either Buy Stops or Sell Stops as the case may be to really make bigger gains on the 1 cycle.

Be careful though because you really need to know what you are doing to take trades like this so practice in demo mode.

In short what the trades would look like would be as follows:

After a trend is apparent (this is highly discretionary but needs to build on an expectation of a likely trend continuing) take short entries on every blue Q box then as price starts to slow down and hesitate and/or consolidate at key levels of support then start staging pending Buy Stops at Q box levels above current price.

This means you attempt to short price down then as price rises up your Buy Stops get triggered with the intention to capitalize on the up move!

It most certainly can be done however be careful of follow through of price say at a support level that gets broken and price continues down.

What you do in this case is continue to take shorts on blue Q boxes meaning most of your triggered entries on the way down are all shorts with a possible 1-2 longs that might have been triggered as price rose up slightly but then continued down.

If the trend continues on you keep adding shorts in the same direction and allow a certain distance (discretionary) before adding in additional pending Buy Stops.

On a trend that drops for example 50 pips what you would want to see is a 100% retracement of price back up to the previous highs meaning you made $$$ on the shorts and then $$$ on the triggered longs as price headed back UP.

Great thinking!

Masterrmind............

not into Ct trades at all ...... UNLESS I see a reversal signal I consider worthwhile ,,eg Pin Bar etc am intersted in experimenting with takin Qboxes with trend ...

In that case I suggest you do the following:

1. Trade only the first 1-2 hours of Tokyo session
2. Trade London Open for up to 3-4 hours
3. Trade the NY Open for up to 1-2 hours

Simply just to get in on a trend and take some profit!

The danger of trading only 1 direction in the Asian session is simply because statistically price has a tendency to break a trend and head back to the DO

Confluence of trading factors is always a great idea, pin bars, S+R, Pivot Points, known trend, currency strength and momentum, Fibs etc etc

Masterrmind.............

Wednesday Trading Ideas

Looking for suitable cycles to trade.

AN - problem is the spread is nasty, current M15 trend is down



Monitor further!

Masterrmind............

EChf



EG



EU



Drop down to an M5 or M1 TF if the detail in the charts is lacking due to slow movement of price.

Typically this occurs in the Asian session on pairs such as the above (EChf, EG and EU).

Look for the Q box on an M15 chart then drop down to a M5 chart to make your entries or at least the first entry.

Be very aware of changing the Q value if you change the period of the chart [M15; Q=10], [M5; Q=40] and [M1; Q=200]

Masterrmind............

long AJ now on red q box 5min chart will post on completion

bounced off DO ,

Be careful due to the strength of the JPY currency over recent days ... think about smaller TPs.

Ok I now see you got out fairly quick ... well done!

Masterrmind........... :nerd:

TS as soon as its 50ticks ITM ,, protect capital ,, excelent trade earlier as well (on diff signal) closed 1/2 let 1/2 run with ts mirror trade on real (not as big tho LOL)

pending buystop @500 red Qbox actioned 50tick ts closed +115

AUD pairs showing some current strength .... M5 Tf shown.



Masterrmind...........

Capital preservation is key!

Masterrmind...........

AUDJPY [M5; 40] and AUDUSD [M5; 40] have my attention due to chart structure of both pairs.



Looking for signs of bearish intent..........

Note how I switch between different TFs to gain a slightly more detailed perspective especially closer to key levels ........ :nerd:

Masterrmind............