QAM Trading Journal $US1000 to ???

Monday April 11

ATW session

Lets see what the market has to offer today.

Patience and look for good setups.

Awareness of any obvious strength in a currency

Awareness of any news likely to impact a given pair or pairs

I'll post a pair or sets of pairs I'm looking at or am interested in trading over the next few hours if or when I find them!

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

AJ, AN and AU



What about Sell Stops with TPs down to the pivot or DO line?
What about simply shorting the pair at different levels as price drops down?

What are the risks?

Bullish PA suggests that a pullback might be shallow leading to a continuation up the higher resistance levels which could leave your shorts in a DD situation!

Any other risks to shorting this pair now?

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

AJ + AU + UJ trades closed out in profit (small profit)

AUDJPY [M5; 40]



Follow PA and look for opportunities to enter....

Short or Long or wait for the next Q boxes to be generated???

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

AJ + AU

Looking for shorting opportunities???

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

Short AJ + AU

Only 2 entries in total due to later entry time in ATW and a desire to reduce risk!

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

Stops moved down just above the most recent highs.

TPs just above most recent lows.

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

Monday Summary of cycles

AUDJPY [M5; 40 - manual], AUDUSD [M5; 40 - manual] and USDJPY [M5; 40 - manual]

7 trades
7 winners

+29.9 pips (@ 0.02 lots/trade)

+0.56% net daily gain

Accumulated gain = +1.5%

See you all Tuesday!

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

Tuesday Trading Session - April 12

Searching for pairs to trade!



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

Looking at several pairs ............

AJ + AU

EJ + UJ

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

Short EJ + UJ

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

I am delayed but I will follow the trade

Following it is a good idea but actually being in these JPY cycles at the moment is certainly not without some degree of risk!

EURJPY [M5; 40 - manual]



USDJPY [M5; 40 - manual]



2 Sell Stops entered on each of the 2 pairs EJ + UJ

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

I am just with half of the pos in the market and I have some kind of recovery in mind which I like to try ... wait and see how it will run today, as you know, my favorite pair is EUR/CHF (long at the moment)

At least with your EURCHF pair (turtle pair) it shouldn't get away from you anywhere near as fast as the JPY pairs do!

Its after the ATW close so this also adds to the issues at hand.

There is never a guarantee that a decent pullback down to the DO line will occur but I must say I was expecting it to occur well before now.

The Sell Stops are located down lower (actually the 2 on UJ have already activated but not EJ as yet) and placed in an attempt to grab some additional profit (call it a trade off if you like whereby based on price activity some profit can be extracted)

Monitoring in process!

Masterrmind.........

Current positions...........



Masterrmind..........

I checked your TradeExplorer and I am getting the impression that you are trading some kind of Grid System with Quantum as a trigger in EUR/JPY ... how would you differ your tradingstyle from a Grid trading ?

next is, I am looking for a second or third pair for trading next my favortie EUR/CHF and CAD/JPY, as I am thinking about USD/CHF ... do you have some experience in that pair ?

I am thinking about to open a second pos in EUR/JPY, should have done it around 124 but I was out of the house

A grid system could be setup as a constant lot sequence or a progressive lot sequence spaced out by a fixed number of pips between entries or indeed variable.

I tend not to think of Quantum as a purely grid type method although it certainly does have some similarities.

A grid system would usually not consider all the factors that QAM considers (although I suppose it could).

On a small 1K account trading the QAM Method the bulk of the entries are usually opened closer to a key level of support, resistance or the pivot.

On a much larger account I employ the services of an EA that opens up entries at the close of the candle of where new Q boxes are generated either long or short and then other times I might look at a chart that i have not been trading and notice a string of Q boxes leading out to a key level and decide to place pending orders at the Q box price levels (or close to those levels) which means I'd be setting up an almost grid type of entry system attempting to catch price heading down.

The reason why I tend not to call it a typical grid system here is because it does not always rely on a grid type setup of entries.
For example, I can take 1 short on a Q signal at a key level of support or resistance or at a pivot point and take no other trades on that cycle.
So in this case clearly it is not a grid because a grid comprises multiple entries at multiple levels with constant or variable lot sizing.

I do apply a grid type technique though when I open up say 2 short entries spaced apart by a handful of pips like I did on the EJ pair because this allows some profit to be made if or when price decides to drop down ... as it did on this pair today.

ps. There are a few pending BUY and SELL, BUY STOP and SELL STOP and Limit Order scripts available that can generate any number of pending entries in the direction of your choice. I'll start implementing these into QAM Method a little later because even though they would be useful now the fact that the account is small means that if a trader is not careful with the number of entries in action they can very quickly run into some serious DD issues. So until the account gets a bit (alot) larger there is no real urgency but they will be used later for sure with hot keys where you might hold down ctrl + B to execute 4 pending Buy Stops or ctrl + S to execute 4 pending Sell Stops all separated by say 10 pips.

Now what I'd like to have developed is a script that has the following features:

1. can apply pending BUY, SELL, BUYSTOP, SELLSTOP and Limit orders
2. can apply user input pip distance between pending orders
3. can apply user input minutes until deleted if not executed (in minutes 1 to 1440)
4. can apply user input magic number
5. can apply SL as a price or as number of pips
6. can apply TP as a price or as a number pf pips
7. can apply SL+TP based on %risk
8. can apply pending orders at previous Q box price levels (ie close of candle price)
9. can apply pending order(s) user input number of pips away from current price level (eg 10, 15, 20 pips away from current price and place a pending order).

Maybe a trader/coder knows of a script close enough to the above or has the desire (and the time) to code it!

I'll add a few scripts with the mq4 code to this thread in the next few days which might be useful however none of them open pending orders at Q box price levels and this would be very worthwhile.

Good trading,

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

Hello Masterrmind,
Thank you very much for all your explanation to me and in this thread ... as for me, I learned a lot since I am reading your posts, so I can use now the Quantum Indicator and do some profitable trading (at least in my cash cow EUR/CHF earns more as I am loosing with EUR/USD) and watch the DailyOpen line. I know that there are still to look for other lines as experience will grow.
I was able to close my eur/jpy trade as I closed the usd/jpy for some cents.
Some so called professionell service called for usd/jpy long so I follow for a higher profit.

I will think about your script during the weekend if I find time and my son will not nug toooo much but honestly, I am not a good programmer in Cee languages as MT4 uses it. I am coming from a different programming lang, better and saver and during the early Cee days, we only make fun about that language. But Cee and its derivates got the share in the PC markets till now and soooo, people like me have there problems in dealing with.

No trouble at all.

Take care,

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

Hey Bro, i see that you were on a very BIG drawdown on your live acount so you decided to hide live acount explorer, this proves my previous post on your thread man, i honestly think you should take a week off from the forum and check yourself man, youre not emotionaly balanced and now im having doubts about you being a profitable trader because you are making all the rookie mistakes in the book.. If This thread is to teach noobs then why do you hide your explorer when youre going through Huge DD, why dont you leave it so they can learn from your mistakes? if youre a consistent trader then whats the need to be nervous and hide open trade? if you trust in the strategy so much why are you getting emotional over small battles when you know you will win the war? im starting to question you as a trader and im also starting to question the motives for these threads, to me it seems like youre tryna be a Guru and trap new traders in and then come up with a product to sell them. Im not picking on you, to be truthful im disapointed more than anything, i actually had alot of respect for you, so much respect that i have once or twice come to you for advice and you have provided very good advice.. Hey bro, i think you should take a day off or maybe 3 and really question yourself and your motives.