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QAM Trading Journal $US1000 to ???

  • #121
  • Apr 16, 2016 2:44am Apr 16, 2016 2:44am
Recovery Trades

The recovery trades applied the following:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


Keep in mind that current cycle is short UJ

1. Note the 3 by 0.2 lot Sell trades on the AU pair
2. Profit from these initial trades acts as a springboard and a buffer against possible loss when higher lot sizes are applied
3. Note 0.5 lots per entry now applied
4. Follow the sequence onto the UJ trades (hedging initially) then closed out the short continued with the long
5. Follow on with a 0.5 lot EA short
6. Follow on with 3 EU shorts @ 0.5 lots a piece

So recovery lot progression was:

0.02 lots initial
0.02*10 = 0.2 lots
0.2*2.5 = 0.5 lots

9 winners
1 BE
1 loss

Note: a lower ratio lot progression sequence is preferred but is relative to the traders skill.

Questions are welcome but make sure their purpose is to learn and not to be purely negative.

Masterrmind...........
Master your Mind then Master your Trades
  • #122
  • Apr 16, 2016 2:59am Apr 16, 2016 2:59am
Quoting metta87
{quote} lol no need to explain yourself that much. just let the t.e do the talking.
I'm a communicator metta87!

Hopefully by explaining in detail it will reduce similar types of questions in the future.

Even though I keep finding myself having to keep repeating myself many times.

Again, I state that I would prefer traders keen on participation who want to learn the QAM Method.

Onlookers serve no purpose whatsoever so be warned that eventually I may simply only show the TE to traders classified in FF Forum as "Buddies Only".

So do not become too attached to a TE that may not always be visible to the masses!

I'm not too sure how profitable arm chair traders can be but that's your business in the end.

Enjoy it while it lasts.

Take care and all the best in your trading,

Masterrmind............
Master your Mind then Master your Trades
  • #123
  • Apr 16, 2016 6:10am Apr 16, 2016 6:10am
Trading Plan, lot sizes, number of trades and EXCEL

This should really have been outlined before the 1st trade was placed in the market but its never too late!

Trading account is live and profitable at least over the past 2 weeks since the start of April.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB


But its still very early days and therefore we need to continue this over several months which preferably leads into many years.

The following is what we have at our disposal:

1. Access to news feeds (FF News, Bloomberg, Reuters or Ransqwark news feeds as the case may be) to keep in tune with the markets

2. A trading template and appropriate indicators

3. An understanding of risk and how to apply it to cycles (visible i-profit indicator on the chart but other software can also be applied)

2-3% maximum floating DD initially (new skill level traders)*
3-5% maximum floating DD (medium skill level traders)*
5-10% maximum floating DD (experienced skill level traders)*

* At the end of the day the trader is responsible for determining their own level of risk tolerance so treat the above as a guide only.

4. Number of Trades per cycle and lot size

Initially start at 0.01 lots per trade and 2-3 trades maximum per cycle at the one time

The following Xcel sheet is a very basic example of how a trader might start trading the QAM System.

Attached File(s)
File Type: xlsx QAM-1.xlsx   15 KB | 340 downloads


Note 1: You should only alter Columns B,C, D and E.
Note 2: The $/Lot amount is set at $10 for convenience but in reality this will depend on the pair.
Note 3: Lots per trade should not exceed 0.02
Note 4: The Assumed Maximum Stop value is set to 75 pips however, this should be set to your calculated global SL for the pair you plan to trade. Turtle pairs such as EURCHF and EURGBP have ATW global SLs of about 30 to 45 pips so this will make a big difference in the calculations.

Most Important Part is the risk per cycle

Make sure that % Loss (risk) shown in Column H does not exceed the assigned maximum risk per cycle!

3% risk is used in the spreadsheet where I have intentionally tried to keep Column H values <=3% (less than 3% is good)

Its up to the trader to decide on this value but I strongly suggest keeping it very low initially maybe working up to 10% after a long time trading however, once the balance gets a lot larger then what we'll do is actually reduce the risk%.

I'll outline this is far more detail once we make it to that stage which could be several months .....

It is a very basic spreadsheet and meant to be that way so the trader can build on it to suit their own preferences.

I suggest you make several copies of the actual sheet and then make one for say 2 pair and another one for 3 pairs if later you wish to trade multiple pairs.

Multiple pairs can add risk because of additional margin required however, depending on the pairs being traded it can also offset some risk!

On the next post I'll outline some information about goals and likely time horizons in meeting these goals

Masterrmind............
Master your Mind then Master your Trades
  • #124
  • Apr 16, 2016 8:52am Apr 16, 2016 8:52am
Quoting Masterrmind
{quote} I'm a communicator metta87! Hopefully by explaining in detail it will reduce similar types of questions in the future. Even though I keep finding myself having to keep repeating myself many times. Again, I state that I would prefer traders keen on participation who want to learn the QAM Method. Onlookers serve no purpose whatsoever so be warned that eventually I may simply only show the TE to traders classified in FF Forum as "Buddies Only". So do not become too attached to a TE that may not always be visible to the masses! I'm not too sure...
yeah maybe people dont participate yet cause they just dont care about your thing or they see no edge in your QAM (?) method. So you can show yr TE to yr buddies only or even hide it again while in drawdown, thats your choice. Like i said, let the TE do the talking and dont worry about me, i ll enjoy it as long as it last.
See ya next week.
  • #125
  • Apr 16, 2016 9:57am Apr 16, 2016 9:57am
Quoting metta87
{quote} yeah maybe people dont participate yet cause they just dont care about your thing or they see no edge in your QAM (?) method. So you can show yr TE to yr buddies only or even hide it again while in drawdown, thats your choice. Like i said, let the TE do the talking and dont worry about me, i ll enjoy it as long as it last. See ya next week.
No plan to hide it in DD whatsoever because it will never get more than my assigned risk% which unless otherwise stated is set at <=10%!

So why would I hide it due to that reason .....

Answer: .... I simply would NOT!

What then if the TE shows a 100% gain?
What about if the TE shows a 1000% gain?

You simply waste your time and continue to watch the TE huh?

6 months down the track you will be so far behind that any questions you might ask then would have been addressed long long ago!

The QAM Strategy is a thinking traders strategy NOT a go long here on blue and go short there on red type of junk method!

I hope you'll understand that if you start asking basic questions after several months of TE activity that I will direct you to start reading from Post#1 of both my threads!

Good luck with whatever it is you plan to do which is certainly NOT about learning how to trade!

Masterrmind...........
Master your Mind then Master your Trades
  • #126
  • Apr 16, 2016 11:30am Apr 16, 2016 11:30am
Quoting Masterrmind
{quote} No plan to hide it in DD whatsoever because it will never get more than my assigned risk% which unless otherwise stated is set at <=10%! So why would I hide it due to that reason ..... Answer: .... I simply would NOT! What then if the TE shows a 100% gain? What about if the TE shows a 1000% gain? You simply waste your time and continue to watch the TE huh? 6 months down the track you will be so far behind that any questions you might ask then would have been addressed long long ago! The QAM Strategy is a thinking traders strategy NOT a go...
Thanks, youre right im definitely not here to learn about your QAM ( very ugly name by the way lol ) im more interested by your TE, well,before it goes private at least. Who knows maybe i ll be pleasantly surprised. Anyway you do the trading and i ll do the watching.
Oh and in the future are you also gonna show your incredibly profitable live 10k account TE , maybe ill be much more inclined to learn from that one if of course its still profitable.
Good luck Master.
  • #127
  • Apr 16, 2016 12:13pm Apr 16, 2016 12:13pm
Quoting metta87
{quote} Thanks, youre right im definitely not here to learn about your QAM ( very ugly name by the way lol ) im more interested by your TE, well,before it goes private at least. Who knows maybe i ll be pleasantly surprised. Anyway you do the trading and i ll do the watching. Oh and in the future are you also gonna show your incredibly profitable live 10k account TE , maybe ill be much more inclined to learn from that one if of course its still profitable. Good luck Master.
I could care less about whether you are pleasantly surprised or not!

No chance of teaching you I'm afraid you clearly lack the motivation the dedication and the direction and you need at least 2 of these traits to have any chance of success.

You want everything but you are not prepared to do any hard work for it....... actually make that any work at all.

QAM - I actually like the name personally.... I guess that's why I chose it!

Q = Quantum
A = Asian
M = Method

Explains exactly what this strategy is about in general terms of course ......

Luck forms no part in the QAM trading strategy!
Luck is only for gamblers!

Masterrmind.............
Master your Mind then Master your Trades
  • #128
  • Apr 16, 2016 3:19pm Apr 16, 2016 3:19pm
yeah when you dont have any edge, the only thing left you need is luck. Hard work, dedication and all the other bla bla will never turn a losing method into a profitable one. At least now with your QAM (lol) explorer, we ll know in which side you camp at.
By the way are you a programmer cause i need someone to help coding a simple indicator/ea for me.

Good trading.
  • #129
  • Apr 16, 2016 7:40pm Apr 16, 2016 7:40pm
Quoting metta87
yeah when you dont have any edge, the only thing left you need is luck. Hard work, dedication and all the other bla bla will never turn a losing method into a profitable one. At least now with your QAM (lol) explorer, we ll know in which side you camp at. By the way are you a programmer cause i need someone to help coding a simple indicator/ea for me. Good trading.
Being a qualified mathematician what do you think?

This is not the right place to be asking to have your 'simple' indi coded so best you head over to platform tech and put in a request there!

ps. I have no time for coding requests!

Masterrmind.............
Master your Mind then Master your Trades
  • #130
  • Apr 16, 2016 10:09pm Apr 16, 2016 10:09pm
GOAL SETTING

The QAM Trading Method thread has an Excel file called QAM-2.xlsx which was recently uploaded.

It contains the same material as QAM-1.xlsx but also includes an additional goals sheet that outlines projected compounded profit based on daily% gains.

Please find attached QAM-3.xlsx which will be used moving forward including updating it on a regular basis.

Attached File(s)
File Type: xlsx QAM-3.xlsx   176 KB | 287 downloads


I've included the following daily% gains namely; 0.25%, 0.5%, 0.75%, 1%, 1.5%, 1.75%, 2%, 2.5%, 3%, 4% and 5%

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB


The idea is to make a consistent effort to meet short, medium and longer term goals.

Short term being daily through to a week

Medium term being weekly through to a month

Longer term being monthly through to quarterly and onto yearly

So we would want to start off with something like the following:

Expected daily% net gain set to 0.5% and at the start of every trading day all calculations are based on that balance.
A new trading day then bases all calculations off that starting days account balance and so on so that compounding is applied.

By referring to the Excel provided click on and open the Daily% gain sheet.

For the 1st trading day I'll apply a net daily% gain of 0.5% as an example

Now highlight the 0.5% column starting from cell D1 (I've used yellow but choose any color you like)
Then highlight both Day 1 and the interest amount required (shown in green in the attached image) for cells A3 and E3

Day 1

Attached Image


Similarly for each day thereafter until a week is completed (5 trading days) as below:

Week 1

Attached Image


Month 1 (assume 20 days for now but it will vary from month to month)

Attached Image


.......... and so on.

Now that you have a basic idea of what you need to make in $ (or equivalent currency) each day to reach a certain goal be it daily, then weekly, then monthly, then quarterly and yearly insert an additional column into the spreadsheet as shown below where you can input the end of each trading days profit (or loss).

(you could insert 2 columns naming one Actual $gain and the other one Actual %gain but its the Actual $gain column that's easier to follow).

Attached Image


Then insert another column directly to the right of the Actual $gain column and name it "Comments".

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 42 KB


The "Comments" column is where you will briefly outline the main points for that particular trading day (good and bad)
Then as soon as you have free time (no later than the following weekend) go through these comments especially the bad ones and try to determine such questions as the following:

1. Could the trade(s) that lost have been avoided?
2. Did I miss something?
3. Was I following all my rules?
4. If rules were broken why were they broken and did this lead to unnecessary loss?
5. How can I improve next time so that I avoid these mistakes? Can they be avoided?
6. Were too many trades opened?
7. Was the assigned floating DD breached (exceeded)? If so why?
8. Any other important considerations.

The idea is to look at the mistakes, address them, identify the reasons and to improve.

Note: The daily% gains are to give you some direction obviously some days the market gives out little and other days it gives out more and some days it will take a little back, this is trading. The idea though is to keep motivated, focused and with your eyes set firmly on the target (which over the long term should be the $10K mark. Yes it looks like a huge mountain to climb but if you keep your trading in order and control the risk then you never know what might happen.

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #131
  • Apr 17, 2016 1:18am Apr 17, 2016 1:18am
Quoting Masterrmind
{quote} Being a qualified mathematician what do you think? This is not the right place to be asking to have your 'simple' indi coded so best you head over to platform tech and put in a request there! ps. I have no time for coding requests! Masterrmind.............
Lol aight no problem master.
Good trading.
  • #132
  • Apr 17, 2016 1:32am Apr 17, 2016 1:32am
Quoting metta87
{quote} Lol aight no problem master. Good trading.
Likewise to you ............

Masterrmind............
Master your Mind then Master your Trades
  • #133
  • Apr 17, 2016 3:06am Apr 17, 2016 3:06am
QAM-1K Live trading account

A screenshot from my linked myfxbook account shows the following:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB


It shows a net daily% gain = 0.53% [which is based on a 10 day trading period even though not all days were traded]

Note that the 0.75% column which is the next % listed in the spreadsheet produces a 10 day net gain = $77.58 (summing the first 10 entries)

The $77.58 figure is greater than the current profit showing in the QAM-1K Live account which is $70.15.

Therefore, I simply round up to the next percentage value after 0.53% which in this case is 0.6%.

Now I slot in another column for the 0.6% data which I'll put between the 0.5% and 0.75% columns for obvious reasons.

This now looks like the following:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 49 KB


The currently used daily net %gain column and appropriate data can be copied and pasted into its own new sheet if required (trader choice).

This sets the trading scene for the next 2 weeks which will then be looked at again in 2 weeks time to see if it needs to be adjusted again.

1 week or 1 month periods could also be used with the longer term periods better statistically.

I'll keep using a 2 week period from now on though to be consistent and update as required.

The following information is now also known

1. Day 11 requires a net daily profit = $6.41
2. Day 385 requires a net daily profit = $60.03

Profit per trading day range commencing Day 11 is simply $6.41 increasing over time to $60.03.

Does this look achievable?

Time will tell!

Masterrmind.........
Master your Mind then Master your Trades
  • #134
  • Apr 17, 2016 3:15am Apr 17, 2016 3:15am
It should be reasonably clear now that the QAM Method is a thinking method and many things need to be considered and they all need to make sense.

From pairs, to number of trades, to lot sizes, to news, to technical trading awareness (price action, S+R, pivot points, DO line, mini s+r levels etc etc)

Adjustments also need to be considered on an ongoing process some shorter time frames while others are much longer.

QAM traders adjust to the market and make changes when required with the aim to keep in sync.

Dynamically adjusting!

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #135
  • Apr 17, 2016 6:41pm Apr 17, 2016 6:41pm
WEEK 3 TRADING

APRIL 18 TO APRIL 22

Trading day 11 shows a daily target = $6.41 (based on a 0.6% net daily gain)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB

Note: Columns B, C, D and E are hidden from view as they show different % daily gain values which are not required since I'm using 0.6%.

Looking to achieve at least that target BUT without forcing it ....

Assigned risk% 'controls' the maximum loss per cycle.

Lets see what the week gives out!

No need to rush entries better to look for good setups and opportunities as they present themselves.

Note: although 0.6% net daily gain is set I will certainly be looking for opportunities in the market that allow for higher gains.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #136
  • Apr 17, 2016 8:17pm Apr 17, 2016 8:17pm
AJ + NJ Volatility

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB


Source: myfxbook

Masterrmind...........
Master your Mind then Master your Trades
  • #137
  • Apr 17, 2016 8:28pm Apr 17, 2016 8:28pm
Short AU

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Note: AJ also considered but limited space to the DO line therefore trades are currently on hold!
NJ price action is in the middle ground so nit ideal to enter at the moment!

Masterrmind............
Master your Mind then Master your Trades
  • #138
  • Apr 17, 2016 8:55pm Apr 17, 2016 8:55pm
Quoting Masterrmind
Short AU {image} Note: AJ also considered but limited space to the DO line therefore trades are currently on hold! NJ price action is in the middle ground so nit ideal to enter at the moment! Masterrmind............
AUDUSD [M5; 40 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


2 shorts
2 winners

Small gain but steady as she goes captain!

Shorts taken before Q signal generated so the idea was to carefully follow price and especially look at the reaction near S2 support.

Recall that the daily gain sought is 0.6% today so I'm just over 1/3 of the way there with a few simple trades!

Will look to re-enter if entry conditions are favorable!

Masterrmind..........
Master your Mind then Master your Trades
  • #139
  • Apr 17, 2016 9:22pm Apr 17, 2016 9:22pm
AUDUSD [M5; 40 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB


3 options to consider

1. go long now or
2. wait to go short
3. no trade

Look at chart structure and grab hold of those clues they are there to be found and used appropriately!

What about DOHA?? Oil anyone? Whats it mean for the Aussie pairs? ...........
Whats it mean for the JPY pairs? ..........

Then get the timing and the direction right!

Masterrmind...........
Master your Mind then Master your Trades
  • #140
  • Apr 17, 2016 9:43pm Apr 17, 2016 9:43pm
Quoting Masterrmind
AUDUSD [M5; 40 - manual] {image} 3 options to consider 1. go long now or 2. wait to go short 3. no trade Look at chart structure and grab hold of those clues they are there to be found and used appropriately! What about DOHA?? Oil anyone? Whats it mean for the Aussie pairs? ........... Whats it mean for the JPY pairs? .......... Then get the timing and the direction right! Masterrmind...........
It might take price some time to reach that level (if it does) which could also mean getting closer to the end of the ATW session.

Keep a watch on the AU pair but also look at other pairs that might be better opportunities right now!

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