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Q A M Trading Strategy

  • #1,321
  • Sep 6, 2016 5:15pm Sep 6, 2016 5:15pm
Yes I agree!

AJ, EJ, GJ and GU

EG and EU if your spread is tight.

The JPY pairs could be traded manually if desired.

Masterrmind............
Master your Mind then Master your Trades
  • #1,322
  • Sep 6, 2016 5:19pm Sep 6, 2016 5:19pm
I'm actually going to monitor the pairs for a little longer before committing to a pair or pairs.

I want to see if the JPY related pairs look set on continuing down the chart or heading back to the upside.

Although not critical that I wait since if I chose a long direction I would want price to continue lower for some time to collect entries before reversing up the chart.

I'm not concerned if price continues to drop down much lower because I can always apply Buy stops to catch price as it heads up (if it does).

A cluster of entries can always be applied at a support level too if a long direction is desired.

Patience is good practice.

ps. traders should form their own opinions and do not need to wait for me to start trading a pair although you are most welcome too.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,323
  • Sep 6, 2016 5:22pm Sep 6, 2016 5:22pm
Quoting Masterrmind
I'm actually going to monitor the pairs for a little longer before committing to a pair or pairs. I want to see if the JPY related pairs look set on continuing down the chart or heading back to the upside. Patience is good practice. Masterrmind...........
My thoughts as well.

Monitoring GJ, EJ, EG, EU, AJ and GU for signals.
Don't look down when learning to fly.
  • #1,324
  • Sep 6, 2016 5:27pm Sep 6, 2016 5:27pm
Quoting Platanero
{quote} My thoughts as well. Monitoring GJ, EJ, EG, EU, AJ and GU for signals.
Good idea!

I'll be looking to start trading a pair (if I do) within about the next 30 minutes or so.

Lets see.

Masterrmind............
Master your Mind then Master your Trades
  • #1,325
  • Sep 6, 2016 5:28pm Sep 6, 2016 5:28pm
Quoting Masterrmind
{quote} Yes I'm also aware of that broker but I don't think MT4 Experts can be applied which is a necessity for me since I'm applying constant 0.1 lot sizing at present and to open up all these trades manually although possible is far more efficient using the MT4 Expert. If an Expert can be applied then this may be a good option. ps. I may look at this broker in a little more depth. Masterrmind...........
I have been with Oanda for 10 years. You cannot use any kind of experts with the fxtrade platform. They do have MT4 but it has the usual restrictions in lot size. I find that this trading method lends itself more to MT4, if you enjoy sleeping.

That said, there is no broker that allow better control over position sizing than Oanda, in the US.
If you are good at something, never do it for free--Joker
  • #1,326
  • Sep 6, 2016 5:35pm Sep 6, 2016 5:35pm
Quoting jmn5611
{quote} I have been with Oanda for 10 years. You cannot use any kind of experts with the fxtrade platform. They do have MT4 but it has the usual restrictions in lot size. I find that this trading method lends itself more to MT4, if you enjoy sleeping. That said, there is no broker that allow better control over position sizing than Oanda, in the US.
Thanks for the input and you are right about the MT4 lot size restrictions which of course is set at 0.01 lots per entry.

So the only option really is to find a cent broker with tight spread.

So far I have managed to find FX-TM as I see them as the best of the cent brokers with enough trading conditions to suit my method.
However, their spread is rather nasty at about 7-8 pips on some pairs as shown on many of my charts (GJ = 7.9 pips but the majors are 2-3 pips).

I am certainly not saying that other brokers don't have tighter spread (as they might) but up to this point I have not found any.

Lets hope a trader posts one here ... that will make my day!

Failing that I'll continue on as I am until the account hits about 800 000 USC if it does then I'll transfer to a tight spread ECN account and continue.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,327
  • Sep 6, 2016 5:44pm Sep 6, 2016 5:44pm
Quoting Masterrmind
{quote} Thanks for the input and you are right about the MT4 lot size restrictions which of course is set at 0.01 lots per entry. So the only option really is to find a cent broker with tight spread. So far I have managed to find FX-TM as I see them as the best of the cent brokers with enough trading conditions to suit my method. However, their spread is rather nasty at about 7-8 pips on some pairs as shown on many of my charts (GJ = 7.9 pips but the majors are 2-3 pips). I am certainly not saying that other brokers don't have tighter spread (as...

You are most welcome! That is the trade off with Oanda. They have some very wide spreads during low liquidity events. But they are a large and regulated broker that if you use properly will never let you blow up your account. It is difficult for us born the US, as we have few options.
If you are good at something, never do it for free--Joker
  • #1,328
  • Sep 6, 2016 5:51pm Sep 6, 2016 5:51pm
First long position opened on GU @ 1.3412

In long on AJ also.
Don't look down when learning to fly.
  • #1,329
  • Sep 6, 2016 6:05pm Sep 6, 2016 6:05pm
Quoting jmn5611
{quote} You are most welcome! That is the trade off with Oanda. They have some very wide spreads during low liquidity events. But they are a large and regulated broker that if you use properly will never let you blow up your account. It is difficult for us born the US, as we have few options.
So you do the best you can with what you've been given.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,330
  • Sep 6, 2016 6:05pm Sep 6, 2016 6:05pm
Quoting Platanero
First long position opened on GU @ 1.3412 In long on AJ also.
Nice work!

I'm considering GJ among others.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,331
  • Sep 6, 2016 6:10pm Sep 6, 2016 6:10pm
EURJPY [M5; 40 - MN 308]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


ps. chose EJ over GJ just for a change up and although the Expert is applied you could bank on manual trades being made.

Masterrmind............
Master your Mind then Master your Trades
  • #1,332
  • Sep 6, 2016 7:31pm Sep 6, 2016 7:31pm
Closed all positions in profit. A quick 35 pips in short order. I am now really starting to have fun with this.

Could have let them run much much longer. Notes later, tomorrow. Now sleep.

Have a good rest.
Don't look down when learning to fly.
  • #1,333
  • Sep 6, 2016 7:35pm Sep 6, 2016 7:35pm
Quoting Platanero
Closed all positions in profit. A quick 35 pips in short order. I am now really starting to have fun with this. Could have let them run much much longer. Notes later, tomorrow. Now sleep. Have a good rest.
Take care and good work on gaining some pips!

Masterrmind............
Master your Mind then Master your Trades
  • #1,334
  • Sep 6, 2016 7:39pm Sep 6, 2016 7:39pm
Quoting Masterrmind
EURJPY [M5; 40 - MN 308] {image} ps. chose EJ over GJ just for a change up and although the Expert is applied you could bank on manual trades being made. Masterrmind............
EJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB


Smooth sailing so far.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,335
  • Sep 6, 2016 7:56pm Sep 6, 2016 7:56pm
Quoting Masterrmind
{quote} EJ - update {image} Smooth sailing so far. Masterrmind...........
EJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


3 longs closed out for +84.8 pips!

ps. you don't have to wait until pre-assigned TPs are hit just close out mini clusters of trades if you wish to keep profit ticking over.

pps. if price continues to charge up then my buy stops will get triggered.

ppps. in the meantime no DD is being produced but should price decide to drop lower more longs will be triggered.

pppps. what other reason would I have for closing out the longs?

Masterrmind...........
Master your Mind then Master your Trades
  • #1,336
  • Sep 6, 2016 8:26pm Sep 6, 2016 8:26pm
Quoting Masterrmind
{quote} EJ - update {image} 3 longs closed out for +84.8 pips! ps. you don't have to wait until pre-assigned TPs are hit just close out mini clusters of trades if you wish to keep profit ticking over. pps. if price continues to charge up then my buy stops will get triggered. ppps. in the meantime no DD is being produced but should price decide to drop lower more longs will be triggered. pppps. what other reason would I have for closing out the longs? Masterrmind...........
Chart structure and level.

Masterrmind............
Master your Mind then Master your Trades
  • #1,337
  • Sep 6, 2016 8:35pm Sep 6, 2016 8:35pm
Quoting Platanero
Outstanding performance!
See if you or any other trader can find an example on the GJ short cycle (the 800+ pip cycle) where I could have managed the cycle better.

Post # 1306.

ps. these are the types of questions a trader needs to be continually asking him/her self every trading day and finding the answers.

Masterrmind......... :nerd:
Master your Mind then Master your Trades
  • #1,338
  • Sep 7, 2016 3:09am Sep 7, 2016 3:09am
Is there any reason for not opening trades outside of the Asian session besides the compact range?

I ask because I am tempted to trade outside Asian session hours.
Don't look down when learning to fly.
  • #1,339
  • Sep 7, 2016 3:45am Sep 7, 2016 3:45am
Quoting Platanero
Is there any reason for not opening trades outside of the Asian session besides the compact range? I ask because I am tempted to trade outside Asian session hours.
In the original account setup which was an intentionally underfunded account because it was my quest to attempt to show that a small account could grow when trading the Quantum method it has always made sense to trade in a lower trading range session that exhibits a reversal behavior.

Even on a very large account I still traded the ATW session mostly but applied much larger lot sizes for smaller TPs on turtle pairs such as EChf, EG + EU because I knew historically that it was very rare to be in a pair that became a runaway train (trended off).

Now you have asked a very good question!

Due to this new found ratio advantage I see no reason why other more volatile sessions cannot be traded.

The DD will need to be monitored and 'controlled' as always but take a look at my longer term trades they have been open in the market for days and weeks at a time.

I will still start in the Asian session looking to take a few cycles and if these cycles happen to turn longer term then I'll follow them.

However, if the ATW cycles complete early then I'll start a cycle just before Frankfurt Open (GMT 9) and trade it through to completion.

I would have really preferred to have the account much larger before getting into these sessions but I think with the current account it should cruise right through it.

Lets trade it then!

Starting tomorrow an Asian session cycle as per normal followed by a Frankfurt/London cycle.

ps. I'll keep clear of the NY cycles for the time being since I can't monitor the whole session due to sleep requirements and may consider a VPS later.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,340
  • Sep 7, 2016 3:55am Sep 7, 2016 3:55am
Quoting Masterrmind
{quote} See if you or any other trader can find an example on the GJ short cycle (the 800+ pip cycle) where I could have managed the cycle better. Post # 1306. ps. these are the types of questions a trader needs to be continually asking him/her self every trading day and finding the answers. Masterrmind......... :nerd:
ANSWER:

Look at the first group of Q boxes as price headed up the chart.

I should have closed out this first short cycle on the 1st pass as price went up then reversed down below the lowest priced short entry.

By doing this I could have avoided the unnecessary next leg of DD as price drove up high again to test recent highs and I could have applied shorts once more and taken profit later in the session.

The idea is to follow the PA and attempt to close out smaller clusters of profitable trades and reduce DD as much as possible.

Masterrmind............ :nerd:
Master your Mind then Master your Trades
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