QAM Trading Journal $US1000 to ??? | Page 26 | Forex Factory

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Attachments: QAM Trading Journal $US1000 to ???
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QAM Trading Journal $US1000 to ???

  • #501
  • Jun 7, 2016 9:00pm Jun 7, 2016 9:00pm
  • #502
  • Jun 7, 2016 10:47pm Jun 7, 2016 10:47pm
Quoting starpro
Both have been read now and responded too.

Masterrmind............
Master your Mind then Master your Trades
  • #503
  • Jun 7, 2016 10:54pm Jun 7, 2016 10:54pm
nice trader you are hero
  • #504
  • Jun 7, 2016 11:00pm Jun 7, 2016 11:00pm
Quoting sanyax
nice trader you are hero
Nice comments and most welcome!

Total transparency in this thread my friend this is as real as it gets trading a live small 1K account.

Onward and upward for the equity curve ..........

Masterrmind............
Master your Mind then Master your Trades
  • #505
  • Jun 7, 2016 11:02pm Jun 7, 2016 11:02pm
  • #506
  • Jun 8, 2016 12:16am Jun 8, 2016 12:16am
Quoting Shuael
{quote} I think your comments are inappropriate and not very mature. You better follow/read something usefull for you then lose your time proving someone wrong.
Yeah you re right bro, i will let his t.e do the talking.
  • #507
  • Jun 8, 2016 1:08am Jun 8, 2016 1:08am
End of ATW session for Wednesday (end of Day #48)

Manual entries taken on EURAUD, GBPJPY and USDJPY pairs

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB


4 trades

4 winners
NO losses

Daily $gain obtained was US$7.30 > motivated Daily $gain (US$5.03)

Net daily% gain was 0.72%

Masterrmind............
Master your Mind then Master your Trades
  • #508
  • Jun 8, 2016 6:09pm Jun 8, 2016 6:09pm
Thursday June 9 - Day # 49

Heat Map (myfxbook)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB

News
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 74 KB

Daily gain
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 18 KB

Motivated daily gain is $5.05

Motivated accumulated daily gain is $15.08

Currently US$0.82 behind the motivated accumulated daily gain (end of day)!

Lets see what the market gives out!

Masterrmind...........
Master your Mind then Master your Trades
  • #509
  • Jun 9, 2016 1:26am Jun 9, 2016 1:26am
Current situation of all 6 trades is as follows:

AUDJPY [M5; 40 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


EURAUD [M5; 40 - manual]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 42 KB


Note 1: risk attached considering ECB speech out soon (expectation is for the spoken words to be negative and drive the EA pair down).

Note 2: trades may be closed out manually if and as required.

Masterrmind...........
Master your Mind then Master your Trades
  • #510
  • Jun 9, 2016 4:54am Jun 9, 2016 4:54am
Recovery mode in progress.......

DD may be 'temporarily' increased and trades will now be converted into longer term trades.

Note 1: 'temporarily' has the meaning of ..... "as short a time as possible but as long as is necessary".

Note 2: H4 and D1 chart structure applied and therefore stops and TPs may need to be altered to suit the longer term setups.

Note 3: maximum floating DD reached under these recovery conditions will be posted after the event.

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #511
  • Jun 9, 2016 5:45am Jun 9, 2016 5:45am
Quoting Masterrmind
Recovery mode in progress....... DD may be 'temporarily' increased and trades will now be converted into longer term trades. Note 1: 'temporarily' has the meaning of ..... "as short a time as possible but as long as is necessary". Note 2: H4 and D1 chart structure applied and therefore stops and TPs may need to be altered to suit the longer term setups. Note 3: maximum floating DD reached under these recovery conditions will be posted after the event. Masterrmind.......... :nerd:
Recovery mode for the AJ and EA trades

AUDJPY [D1; longer term recovery setup]

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


EURAUD [D1; longer term recovery setup]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 36 KB


Note 1: trades may be closed out when sufficient profit is gained or allowed to run to completion.

Note 2: the usual QAM method will be continued once these AJ + EA trades have been closed out (could be days or weeks).

Note 3: any adjustments to stops and TPs may result if deemed necessary.

Note 4: notice that no high lot recovery trades have been applied to these pairs however, this may be considered at a later stage.

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #512
  • Jun 9, 2016 6:12am Jun 9, 2016 6:12am
TE + myfxbook visibility has been temporarily changed to "buddies only" and "private" respectively.

Masterrmind............
Master your Mind then Master your Trades
  • #513
  • Jun 9, 2016 6:26am Jun 9, 2016 6:26am
Poll Results on a rolling basis up till today are as follows:

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


1. Could it be possible that the 13 traders who selected option #1 are correct afterall?

2. Majority still thinks the account will at least make 10K so that's nice to know.

Time will tell!

Masterrmind...........
Master your Mind then Master your Trades
  • #514
  • Jun 9, 2016 6:59am Jun 9, 2016 6:59am
Quoting Masterrmind
Poll Results on a rolling basis up till today are as follows: {image} 1. Could it be possible that the 13 traders who selected option #1 are correct afterall? 2. Majority still thinks the account will at least make 10K so that's nice to know. Time will tell! Masterrmind...........
"shit aint going well huh ?"
  • #515
  • Jun 9, 2016 8:09am Jun 9, 2016 8:09am
Quoting Masterrmind
Poll Results on a rolling basis up till today are as follows: {image} 1. Could it be possible that the 13 traders who selected option #1 are correct afterall? 2. Majority still thinks the account will at least make 10K so that's nice to know. Time will tell! Masterrmind...........
This challenge will always be there when dealing with limited funds.

Money management and averaging has always come to my rescue. I strongly feel that since we are in money business if we don't plan trades based on deep pip pockets (trade values can be of smaller amounts) we will always have to count on our luck.

With a wide pips margin I am afforded opportunities to continue to do short cycle trades while facing long cycle drawdown challenge. Patience is required . Once in a while I do get frightened and do take a break from trading to repair my psychology.

I treat the adverse trades as goods that have lost their value for the time being and if margin is not supporting I will reduce my trade lots value further and keep doing what I was doing earlier. In almost all recent cases I have recovered.
Businesses can't stop taking risks.

I have just come across forexop blog by a market veteran Steve Connell on how to do dollar cost averaging and set up
trend following with a vertical grid. Good read.
Practice makes a person perfect
  • #516
  • Jun 9, 2016 8:36am Jun 9, 2016 8:36am
Hi my friend MM, my suggestion to u is to use your method but with breaking price points,

anyway I know u will give fight back, cheer up mate,

Cheers,

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #517
  • Jun 9, 2016 9:03am Jun 9, 2016 9:03am
Quoting simnz
{quote} This challenge will always be there when dealing with limited funds. Money management and averaging has always come to my rescue. I strongly feel that since we are in money business if we don't plan trades based on deep pip pockets (trade values can be of smaller amounts) we will always have to count on our luck. With a wide pips margin I am afforded opportunities to continue to do short cycle trades while facing long cycle drawdown challenge. Patience is required . Once in a while I do get frightened and do take a break from trading to...
Problem with averaging is you win small for a long time then you lose big in a short time no matter how big the account is.
  • #518
  • Jun 9, 2016 9:06am Jun 9, 2016 9:06am
There is a problem with every method. For me averaging works.
Practice makes a person perfect
  • #519
  • Jun 9, 2016 11:20am Jun 9, 2016 11:20am
Quoting Masterrmind
Poll Results on a rolling basis up till today are as follows: {image} 1. Could it be possible that the 13 traders who selected option #1 are correct afterall? 2. Majority still thinks the account will at least make 10K so that's nice to know. Time will tell! Masterrmind...........

Too early to say that the account will blow, it's possible, but it's also possible for it to keep growing. Time will tell as you said.
QAM is a risky strategy as you pointed out, riskier with 1k$ as, i hope, everyone can see.
I realy think that you are a capable trader and a nice person so i'm looking forward to learn more from you and from others. ( not only QAM)
Have a nice day
  • #520
  • Jun 9, 2016 12:47pm Jun 9, 2016 12:47pm
Quoting Masterrmind
{quote} There are a few ways to manage trades like those on the AJ pair. 1. You have your global SLs calculated for the AJ pair which would be about 71 pips (historical data dependent) maximum from entry. 2. You should also know total risk for the currently active number of entries based on lot sizing and pips to SL 3. You should also know your assigned risk% (which should never be breached ever except minor temporary breaches but sorted out immediately) Always know what the total risk to the trading account is if all SLs get taken out Always know...
Hi Masterrmind,

thank you very much for your very good explanation as I have to keep some of them in mind or try to build a tool for a recovery function around it, but that kind of programming needs a rules based programming approach and that is quiete different from the style I am using right now, and it uses plenty of time investment as there a better programming languages as MT4 provides but we have to use what is there ,
but if I build a tool I would inform you and it sounds a little bit difficult, but could be a challenge to me

I still face difficulties with my Internet connection and forgot or was not be able to disconnect some ExpertAdvisor I run in EUR/CHF that run now in some desaster. Do hope that the price will recover to some better level soon.

I see that you stopped your TradeExplorer or maybe even the trading in this thread, I thought it is there early in the morning ...
I followed some of your trades today, but as I return back from some meeting my EUR/AUD trade hit TP and AUD/JPY I closed too early
Do hope and wish you will give your explanations here in the thread in anyway
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