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QAM Trading Journal $US1000 to ???

  • #741
  • Aug 24, 2016 8:45pm Aug 24, 2016 8:45pm
Quoting Masterrmind
{quote} There are a few settings in there so spend some time getting used to them and set up the indi how you like it. You can turn Fibs on/off etc to make your chart cleaner but the choice is yours to make. Masterrmind............
Yes I am noticing that. Could you please share the settings you use on this indi when you have time?

This is a really cool indicator! Thank you!
Don't look down when learning to fly.
  • #742
  • Aug 24, 2016 8:59pm Aug 24, 2016 8:59pm
Quoting Platanero
{quote} Yes I am noticing that. Could you please share the settings you use on this indi when you have time? This is a really cool indicator! Thank you!
Pivots+Fibs indicator settings:

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Attached Image


ps. know that you can modify the settings to suit yourself too and sometimes I change the pivot TF.

Masterrmind...........
Master your Mind then Master your Trades
  • #743
  • Aug 24, 2016 9:02pm Aug 24, 2016 9:02pm
Thank you sir!

And oh look at that price go!!

Don't look down when learning to fly.
  • #744
  • Aug 24, 2016 9:07pm Aug 24, 2016 9:07pm
Quoting Platanero
Thank you sir! And oh look at that price go!!
Yes GJ is one of the kings of swing as they say!

If price shows hesitation closer to the DO line don't be afraid to take profit.

From your own perspective it might be wiser to end trades sooner than in my situation since my current risk is probably much lower than yours.

I'm trading with about 1 USC per pip so its very tiny indeed.

No need to wait for an opposite Q box to appear.

We are in control of the trade(s) not the Expert Advisor.

The Expert Advisor is simply our competent assistant but we always remain solely responsible for all trade(s) opened and ultimately closed!

Masterrmind..........
Master your Mind then Master your Trades
  • #745
  • Aug 24, 2016 9:12pm Aug 24, 2016 9:12pm
Quoting Masterrmind
{quote} Yes GJ is one of the kings of swing as they say! If price shows hesitation closer to the DO line don't be afraid to take profit. No need to wait for an opposite Q box to appear. We are in control of the trade(s) not the Expert Advisor. The Expert Advisor is simply our competent assistant but we always remain solely responsible for all trade(s) opened and ultimately closed! Masterrmind..........
Noted. I'm out. 8 pips profit and I entered too soon. Could have been more had I waited.

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Don't look down when learning to fly.
  • #746
  • Aug 24, 2016 9:18pm Aug 24, 2016 9:18pm
GJ

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Closed out 1 short trade for +14.1 pips.

Manual close just above the DO line.

The Expert will now continue searching for the next entry which in this case will be long entries.

Note how spread impacts the result.

Masterrmind...........
Master your Mind then Master your Trades
  • #747
  • Aug 24, 2016 9:19pm Aug 24, 2016 9:19pm
Next time: I will wait and not rush to get in.

Thank you for a great first trading session! I will be here every Asian session from now on.

Of course, had I waited another few minutes I would have gotten that Q!

Don't look down when learning to fly.
  • #748
  • Aug 24, 2016 9:23pm Aug 24, 2016 9:23pm
GJ

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Now a long cycle has started.

So we monitor the trades that form the cycles.

Masterrmind...........
Master your Mind then Master your Trades
  • #749
  • Aug 24, 2016 9:29pm Aug 24, 2016 9:29pm
Quoting Platanero
Next time: I will wait and not rush to get in. Thank you for a great first trading session! I will be here every Asian session from now on. Of course, had I waited another few minutes I would have gotten that Q!
Just remember that as time goes on market conditions tend to change.

Price might trend off against you and increase your DD.

For the cent account I'm using this is ideal for me.

But your conditions are slightly different so you need to be very alert at all times.

Good trade by the way ... profit in the bank!

Masterrmind............
Master your Mind then Master your Trades
  • #750
  • Aug 24, 2016 9:30pm Aug 24, 2016 9:30pm
Enjoy the next cycle. I will be calling it a night for now.

I have been up since the last London open.

But not tonight! Tonight I sleep and I will be back for the next Asian session.

I cannot thank you enough for your all of your guidance Masterrmind! I hope to see you here again for tomorrow's Asian open.

Don't look down when learning to fly.
  • #751
  • Aug 24, 2016 9:31pm Aug 24, 2016 9:31pm
Depending on your available time to trade in the Asian session its probably a good idea to limit cycles to a maximum of 2.

As Frankfurt Open (leading eventually into LO) gets closer you can expect to see trading ranges increase significantly so watch out for this.

Traders call as always!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #752
  • Aug 24, 2016 9:33pm Aug 24, 2016 9:33pm
Quoting Platanero
Enjoy the next cycle. I will be calling it a night for now. I have been up since the last London open. But not tonight! Tonight I sleep and I will be back for the next Asian session. I cannot thank you enough for your all of your guidance Masterrmind! I hope to see you here again for tomorrow's Asian open.
I'll be here and thanks for the appreciation shown.

Have a nice rest.

Masterrmind...........
Master your Mind then Master your Trades
  • #753
  • Aug 25, 2016 12:18am Aug 25, 2016 12:18am
Quoting Masterrmind
GJ {image} Now a long cycle has started. So we monitor the trades that form the cycles. Masterrmind...........
GJ [M5; 40/100 - MN 410]

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Q modified to 100 to force positive cycles.

Trending indicator identifies the dynamic opening and closing Q levels on the chart but the Expert settings must be applied.

Masterrmind.........
Master your Mind then Master your Trades
  • #754
  • Aug 25, 2016 1:14am Aug 25, 2016 1:14am
Quoting Masterrmind
{quote} GJ [M5; 40/100 - MN 410] {image} Q modified to 100 to force positive cycles. Trending indicator identifies the dynamic opening and closing Q levels on the chart but the Expert settings must be applied. Masterrmind.........
GJ

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Entering FF Open

Heading into the danger zone!

Inserted Video


Masterrmind...........
Master your Mind then Master your Trades
  • #755
  • Aug 25, 2016 1:45am Aug 25, 2016 1:45am
Quoting Masterrmind
{quote} GJ {image} Entering FF Open Heading into the danger zone! https://www.youtube.com/watch?v=ZzQ3eBerHfM Masterrmind...........
GJ

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Opening up of the trading ranges.

Generating many more entries.

Increases profit potential but at the expense most times of additional DD.

ps. but this is exactly what I'm after!

Masterrmind............
Master your Mind then Master your Trades
  • #756
  • Aug 25, 2016 1:50am Aug 25, 2016 1:50am
Quoting Masterrmind
{quote} GJ {image} Opening up of the trading ranges. Generating many more entries. Increases profit potential but at the expense most times of additional DD. ps. but this is exactly what I'm after! Masterrmind............
GJ [Daily Chart]

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Awareness of the bigger picture by zooming out!

Longer term trades could be eventually setup.

Masterrmind............
Master your Mind then Master your Trades
  • #757
  • Aug 25, 2016 2:14am Aug 25, 2016 2:14am
AUDUSD - longer term cycle

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Most shorts have been closed out but several remain.

If price reaches closer to the level outlined on the chart more shorts will be applied.

Longer term cycles keep them simple ... be on the look out for changing fundamentals.

Provided DD (risk measures) is in check just allow them room to play out.

Note on longer term cycles I consider chart structure, total number of trades in the cycle, DD, fundamentals + news and key price handles.

Masterrmind...........
Master your Mind then Master your Trades
  • #758
  • Aug 25, 2016 2:41am Aug 25, 2016 2:41am
EURAUD - longer term trades

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As already posted I closed out the 10 longs on the EA pair.

I will be looking to load up on longs (perhaps 25) again in the very near future.

Original plan was to take about 8000 pips out of this setup.

So far I have taken just over 1800 pips out of this run with much more to come.

This tally of pips does not include the far left cluster of trades .. they are extras.

Note: no current trades in action.

Masterrmind...........
Master your Mind then Master your Trades
  • #759
  • Aug 25, 2016 2:50am Aug 25, 2016 2:50am
EURGBP - longer term cycle.

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Most trades have been closed out but several remain in action.

Other trades may be added depending on how high price climbs.

Price pulled down alot just recently and is currently showing some intent to head back up but its too early to tell.

Wait and see mentality on this pair.

Masterrmind..........
Master your Mind then Master your Trades
  • #760
  • Aug 25, 2016 5:07am Aug 25, 2016 5:07am
Quoting Masterrmind
{quote} GJ {image} Opening up of the trading ranges. Generating many more entries. Increases profit potential but at the expense most times of additional DD. ps. but this is exactly what I'm after! Masterrmind............
GJ - update

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The Q boxes on the chart are at a value of 40.

You can see that if I had of allowed the Expert to close out the cycle of trades at Q=40 then at least 5 trades would have been losers.

Note where the Q=100 level is located thanks to the use of the Trending_label indicator.

You also need to be aware of how the Q=100 level is tracing out across the chart because it traces out the high (in this case) between the current candle and 100 candles back in time so if the PA suddenly drops off to the downside then so too will the trending label line.

If I'm watching this unfold then I may increase Q to say 150 by checking the Trending_Label position and then alter the Expert settings.

This is not a set and forget type of strategy you need to be aware of what is happening on the chart at all times.

If you need to be away from the chart you can pull the Expert from the chart and use the SLs and TPs to better control exit levels.

Trader choice ... everytime!

ps. all 11 longs are still in action!

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