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QAM Trading Journal $US1000 to ???

  • #441
  • Jun 3, 2016 1:31am Jun 3, 2016 1:31am
Quoting Masterrmind
EURJPY {image} Masterrmind...........
EJ

Expert removed from the chart.

Stops up tight just below the most recent lows.

Managed completely on a manual basis from this point forward.

ps. cycle is profitable at this stage but the idea is to tighten up the stops as price heads higher looking to gain a larger TP but PA will rule the final decision.

Masterrmind...........
Master your Mind then Master your Trades
  • #442
  • Jun 3, 2016 1:37am Jun 3, 2016 1:37am
Quoting Masterrmind
{quote} EJ Expert removed from the chart. Stops up tight just below the most recent lows. Managed completely on a manual basis from this point forward. ps. cycle is profitable at this stage but the idea is to tighten up the stops as price heads higher looking to gain a larger TP but PA will rule the final decision. Masterrmind...........
EJ

Decided to close out the cycle manually for a small gain with all trades being small winners.

Major focus now is on the final 2 cycles namely, AU + EA.

Masterrmind...........
Master your Mind then Master your Trades
  • #443
  • Jun 3, 2016 1:47am Jun 3, 2016 1:47am
Quoting Masterrmind
{quote} EJ Decided to close out the cycle manually for a small gain with all trades being small winners. Major focus now is on the final 2 cycles namely, AU + EA. Masterrmind...........
AU + EA

AUDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB


EURAUD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 58 KB


Stops tightened up further again to reduce total risk!
TPs have been purposefully extended out into extreme zones since manual closure will most likely occur unless price goes against the trades!

Masterrmind...........
Master your Mind then Master your Trades
  • #444
  • Jun 3, 2016 10:11am Jun 3, 2016 10:11am
A very Long and hard trading day and it's also friday with lots of news.
  • #445
  • Jun 3, 2016 10:27am Jun 3, 2016 10:27am
Quoting Shuael
A very Long and hard trading day and it's also friday with lots of news.
The market has ways of testing a traders durability!

Today is one of those days!

Masterrmind...........
Master your Mind then Master your Trades
  • #446
  • Jun 3, 2016 10:35am Jun 3, 2016 10:35am
Quoting Masterrmind
{quote} The market has ways of testing a traders durability! Today is one of those days! Masterrmind...........
At least you have all weekend ahead to sleep
  • #447
  • Jun 3, 2016 11:01am Jun 3, 2016 11:01am
Quoting Shuael
{quote} At least you have all weekend ahead to sleep
That would be very nice but unfortunately not for me.

Too many things to do I'm afraid.

Anyway a great escape performed today and things could have been far worse so as surprised as I am to say I'm actually happy with the result.

I was going to continue to trade to bring the daily $gain back into positive territory but enough is enough on this occasion.......

ps. posting todays results very soon!

Masterrmind............
Master your Mind then Master your Trades
  • #448
  • Jun 3, 2016 11:13am Jun 3, 2016 11:13am
End of ATW session for Friday (end of Day #45)

Cycles taken on AUDUSD, EURJPY and EURAUD pairs

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB


31 trades

22 winners
9 losses

Daily $gain obtained was -US$11.99 < motivated Daily $gain (US$6.23)

Net daily% gain was - 0.98%

Masterrmind............
Master your Mind then Master your Trades
  • #449
  • Jun 3, 2016 11:25am Jun 3, 2016 11:25am
Have a great weekend everyone and I'll be back ready for trading on Monday

Time to rest ........

Masterrmind...........
Master your Mind then Master your Trades
  • #450
  • Jun 3, 2016 11:26am Jun 3, 2016 11:26am
Quoting Masterrmind
Have a great weekend everyone and I'll be back ready for trading on Monday Time to rest ........ Masterrmind...........
See you Monday Masterrmind, have a nice weekend.
Hard day but Nice cycle!
  • #451
  • Jun 4, 2016 2:39am Jun 4, 2016 2:39am
Quoting Shuael
{quote} See you Monday Masterrmind, have a nice weekend. Hard day but Nice cycle!
Likewise to you!

Managing cycles like the last one helps to build trader character!

Masterrmind.........
Master your Mind then Master your Trades
  • #452
  • Jun 4, 2016 3:27am Jun 4, 2016 3:27am
Quoting togerhard
Hi Masterrmind, are you interested in Formula One Racing ? ... the Australian Guy Daniel Riccardio drove second in Monte Carlo last Sunday but if his teammates would be better on alert he would be the winner. At the box the sleep bringing the wrong wheels, incredible mistake of the year for a Red Bull Team. On the other side, if the winner depends on how quick a team can change the wheels, they only should change the wheels. School holidays are over for the moment but we are running into the European holiday season soon Anyhow, I have an new update...
Expert Advisor alf_grid 03

Here are some comments togerhard on the alf grid EA

Attached Image (click to enlarge)
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They are just my suggestions.

ps. More charts will follow soon with multiple examples of other pending order functionality.
pps. Important! The EA must set a TP in the case of shorts that is at least below the price level of the lowest order!

Masterrmind...........
Master your Mind then Master your Trades
  • #453
  • Jun 4, 2016 5:32am Jun 4, 2016 5:32am
Pending Buy Stop orders

Attached Image (click to enlarge)
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Note 1: on a turtle pair it may not be necessary to activate pending buy stop orders due to lower relative trading ranges.
Note 2: however on an extended trend it becomes very useful when looking for price to reverse especially on larger trading range pairs (EA, AJ, EJ, GJ)

Masterrmind...........
Master your Mind then Master your Trades
  • #454
  • Jun 4, 2016 6:28am Jun 4, 2016 6:28am
Sell Limit Orders

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The user settings for the limit order range applied on each pair will most likely be different for every pair especially between volatile pairs and turtle pairs.

The chart shown above is for the volatile pair EURAUD which I've shown with a total pending order range of 20 above R + 20 below R for 40 pips.
A turtle pair or medium range pair might have settings of say 10 pips above and 10 pips below R level with a 3 pip spacing between orders.

Any pending orders failing to be triggered will be time deleted either at FF Open or preferably 1 hour before FF Open but this can be part of the settings functionality.

ps. Buy Limit Orders similar but in reverse.

Masterrmind..........
Master your Mind then Master your Trades
  • #455
  • Jun 4, 2016 6:39am Jun 4, 2016 6:39am
The Advisor would need to identify the following price levels:

1. DO line
2. R level above current price
3. S level below current price
4. mid R level above current price
5. mid S level below current price and
6. Pivot Point

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


ps. EURAUD M1 chart shown above!

Masterrmind...........
Master your Mind then Master your Trades
  • #456
  • Jun 4, 2016 6:52am Jun 4, 2016 6:52am
Quoting Masterrmind
The Advisor would need to identify the following price levels: 1. DO line 2. R level above current price 3. S level below current price 4. mid R level above current price 5. mid S level below current price and 6. Pivot Point {image} ps. EURAUD M1 chart shown above! Masterrmind...........
These levels don't necessarily need to be above or below current price but rather the levels themselves on the chart.

They need to be relative to the time frame of the Pivot indicator shown on the chart which usually is Daily however I do apply other pivot time frames including weekly and lower ones such as H4 and occasionally H1.

So the Advisor needs an option that allows the user to set the preferred pivot point time frame (MN, W1, D1, H4 ...... etc)

Masterrmind.........
Master your Mind then Master your Trades
  • #457
  • Jun 4, 2016 6:57am Jun 4, 2016 6:57am
That's about all for now togerhard so I hope that helps you.

Let me know if you need any further information and I'll address it here on the thread.

All the best,

Masterrmind...........
Master your Mind then Master your Trades
  • #458
  • Jun 5, 2016 8:58am Jun 5, 2016 8:58am
Excel completed for the upcoming week for the Adj SLs for all 13 pairs!

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


ps. notice how some of the trading ranges for some of the pairs are changing over time and start looking for reasons why this is occurring!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #459
  • Jun 5, 2016 11:36am Jun 5, 2016 11:36am
Quoting Masterrmind
That's about all for now togerhard so I hope that helps you. Let me know if you need any further information and I'll address it here on the thread. All the best, Masterrmind...........
Hi Masterrmind,

thanks for the input I was be able to read it just now because of the worser than worse gone situation in that area I am staying at the moment.
My Internetprovider cut off the service for some days and my backup service just work with a limit bandwith I was be able to monitor my trading only.

I followed the company I work for from the branch to the main, for an different opportunity and challenge 20 years ago to Europe and so I am not staying in South Africa, even for security reasons as I have a family.
Some small villages near so called categorie three rivers (small ones) full of flood and mud, I mean the houses there. The reason why was that the heavy rain showers did not move as usual and the area got all the rain for hours, in some hours as the get in 3 to 6 Months and what we learn now is that the water move from the landarea to the small river and not from rivers that you can calculate the peak and be prepared.

I do not stay at a river area but if I move around the house, you only feel the wet soil in the garden. From the main impact I stay 30 KM away.
The point for now is that the people at the big rivers a prepared for flood with dam and sandbags but in the small rivers not.

Anyhow, I will study your input but it might need a little bit of time,
as a trader I do learn that I have to improve my backup strategy even that worked with smaller bandwith but have to workit out in an better way and survive for one or two weeks
  • #460
  • Jun 5, 2016 12:31pm Jun 5, 2016 12:31pm
Hi Masterrmind,

I have here a Chart from AUD/JPY with Quantum boxes down the DO (magenta) line June 2, and as we can see on that day it moved down and more down without any big retracement.
Suppose I would go long at the blue boxes it would run into some problems on that day or even an desaster. May I ask, how would you manage a situation like that.
(The Quantum stock Indi is here just because I have better to learn at what time the Indi paint the box and give an Alert message as in my Opinion there is a delay (first the box and after then after the candle is complete the Alert message, but my opinion could be wrong). My intention is it at the time of the new box, give the Alert right away but still that is not working in my EA).
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpy MetaTrader 4 IC Markets.png Size: 134 KB
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