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Q A M Trading Strategy

  • #1,421
  • Sep 9, 2016 11:05am Sep 9, 2016 11:05am
Quoting Masterrmind
EA {image} Last of the short trades still running. Expert removed from the chart so manual approach from this point forward. Will be looking to close out several trades once price drops below the 1.48 handle ... if it does. Failing that I may thin out the trades and only leave a few to run over the weekend (the less the better). Masterrmind............

Ahh this cycle really doesn't want to play ball, do you reckon its worth it to carry on chasing it??
Success is going from failure to failure without loss of enthusiasm.
  • #1,422
  • Sep 9, 2016 11:32am Sep 9, 2016 11:32am
Quoting penci
{quote} Ahh this cycle really doesn't want to play ball, do you reckon its worth it to carry on chasing it??
It makes you wonder sometimes.

Certainly don't want the bulls to come back with strength and drive it up higher.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,423
  • Sep 9, 2016 1:08pm Sep 9, 2016 1:08pm
Quoting Masterrmind
{quote} It makes you wonder sometimes. Certainly don't want the bulls to come back with strength and drive it up higher. Masterrmind...........

You continuing to open new positions or holding?..
Success is going from failure to failure without loss of enthusiasm.
  • #1,424
  • Sep 9, 2016 1:51pm Sep 9, 2016 1:51pm
Quoting Masterrmind
{quote} Hi penci, First I look at price action and chart structure. You need to know how the Quantum levels are determined which is made easy by the use of the Trending_Label indicator (blue and red lines). The Trending_Label indicator plots the HH and LL levels on the chart that match Quantum periods so I know visually exactly where the next Quantum signal boxes will be produced either blue or red based on the period applied. I make absolute certain that once I'm happy with an updated location for Q levels via the Trending_Label indicator that...
Good stuff MM. What is your opinion on the spreadsheet posted in the original Quantum London thread that has 80 levels?
If you are good at something, never do it for free--Joker
  • #1,425
  • Sep 9, 2016 2:22pm Sep 9, 2016 2:22pm
Quoting FlipFlopGC
61.9 open lots? Surely that's suicide? A 50 pip continuation higher would see you in a drawdown of over 30% on one set of trades when you've banked 44% for the total growth since starting. Looks like you'll exit okay but doesn't seem the best sizing.
yeah mate, strategies like this work well in ranging markets. One can get away with it for months or even years, but it only takes one big breakout to ruin it all.

But it sure is a good way to impress a forum of 99% losing traders for a while. Nuff said.
  • #1,426
  • Sep 9, 2016 5:16pm Sep 9, 2016 5:16pm
Quoting Masterrmind
{quote} I am far from that and tend to be very very helpful. You come here to post for the first time probably having never read a single page in this thread and magically you have all the wisdom. I see no value in your comment whatsoever. Good trading, Masterrmind.........
You know what they say about assumptions?

I've read every single page. And who said I have all the wisdom? I simply questioned your sizing as it appeared far too aggressive and you get all defensive. Learn to take some constructive feedback and maybe you'll become less assumptive.
flipfloptrader forum
  • #1,427
  • Sep 9, 2016 5:57pm Sep 9, 2016 5:57pm
Quoting FlipFlopGC
but doesn't seem the best sizing.
So, what will be the best sizing?
I hear you were making constructive criticism, lol
  • #1,428
  • Sep 9, 2016 8:26pm Sep 9, 2016 8:26pm
Quoting jmn5611
{quote} Good stuff MM. What is your opinion on the spreadsheet posted in the original Quantum London thread that has 80 levels?
The choice of the number of levels applied and the lot sizing will need to be based on several factors including but not limited to the following:

1. traders risk tolerance,
2. account size,
3. account balance to lot size ratio
4. historical average trading ranges
5. historical average number of Quantum boxes generated
6. trading window slot
7. pair(s) traded
8. TF traded (M1, M5 etc)
9. Initial Quantum value
10. Quantum dynamic modification (if and when required)
11. other trading factors

There is no guarantee that a given number of levels will work smoothly or create nasty DD issues in the future.

So I tend to think that a 'best fit' approach is the only option.

One thing is certain though and that is the larger the account size ratio and the smaller the lots applied the 'safer' the approach.
However this comes at the cost of generating less profit.

Traders choice as always.

Masterrmind............
Master your Mind then Master your Trades
  • #1,429
  • Sep 9, 2016 8:44pm Sep 9, 2016 8:44pm
Quoting penci
{quote} You continuing to open new positions or holding?..
Holding ...........

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Masterrmind...........
Master your Mind then Master your Trades
  • #1,430
  • Sep 9, 2016 9:13pm Sep 9, 2016 9:13pm
Quoting Karemi-Trade
{quote} yeah mate, strategies like this work well in ranging markets. One can get away with it for months or even years, but it only takes one big breakout to ruin it all. But it sure is a good way to impress a forum of 99% losing traders for a while. Nuff said.
Another uninformed individual who knows little to nothing about this method or my purpose.

Its not the strategy that works or fails its the trader in the end and how well they control risk!

If you read the thread from start to finish [and you definitely have not!] you would soon realize that the QAM strategy is my own little attempt to show that a small (very small) trading account can grow into a much larger account over time applying the Quantum concept.

This is meant to be a challenge since a very large account is the best way to trade Quantum.

It is a trading journey (my own journey) that others are welcome to follow if they wish.

It is transparent ... I show a TE and I also show a myfxbook so all the trading history is available.

So it is a live running test if you like and I never said it will work or that I will hit the big 1M.

But you know what ... I'm going to give it my utmost effort.

This has nothing to do with showing off and besides everything is visible so no deception here!

I'd like to think that other like-minded traders can gain something valuable from the good, the bad and the ugly parts shown in this attempt.

Ranging markets are ideal at least you got that right!

A breakout DOES NOT ruin it at all!

Breakouts produce the entries that I need to form huge cycles for huge pip counts especially true for the current account configuration.

Lack of decisive trader input is what ruins it and definitely NOT a breakout.

ps. I hope that one day you will move out of the 99% group!

pps. the greater the negativity from people like you the more determined I become so thanks for that at least.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,431
  • Sep 9, 2016 9:20pm Sep 9, 2016 9:20pm
Quoting FlipFlopGC
{quote} You know what they say about assumptions? I've read every single page. And who said I have all the wisdom? I simply questioned your sizing as it appeared far too aggressive and you get all defensive. Learn to take some constructive feedback and maybe you'll become less assumptive.
Offer a realistic solution in that case and not just a bold statement tainted with negativity.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,432
  • Sep 9, 2016 9:36pm Sep 9, 2016 9:36pm
Quoting Rcubic
{quote} So, what will be the best sizing? I hear you were making constructive criticism, lol
I can't wait for the solution to be posted by our learned friend [FlipFlopGC] considering that the right side of the chart is missing ........

Surely he won't try to use hindsight to get the perfect fit .... or will he?

As I posted earlier the EA PLS cycle was an example cycle traded live in the market and on a Friday too without any modification except a 10 times lot multiplier to match my account.

Lets see what he thinks is the best sizing?

Masterrmind............
Master your Mind then Master your Trades
  • #1,433
  • Sep 11, 2016 6:18pm Sep 11, 2016 6:18pm
Welcome to the start of a new trading week.

FF News Calendar (GMT +10):

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Time to start searching for an Asian session cycle(s).

ps. Keep in mind that I still have part of the EA PLS cycle still running with 29 shorts so DD needs to be monitored.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,434
  • Sep 11, 2016 6:24pm Sep 11, 2016 6:24pm
I also have an EA cycle going since last week. My DD is still microscopic at 0.11 USD. (eleven cents).

I have room for more cycles tonight while keeping an eye on EA.
Don't look down when learning to fly.
  • #1,435
  • Sep 11, 2016 6:32pm Sep 11, 2016 6:32pm
Quoting Platanero
I also have an EA cycle going since last week. My DD is still microscopic at 0.11 USD. (eleven cents). I have room for more cycles tonight while keeping an eye on EA.
With DD like that it becomes a very 'relaxing' way to trade.

Current DD on my EA cycle is 3.68%.

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ps. becomes obvious now how important it was to close out those large lot entries when I did in the red zone on the chart after a small pullback ... taking profit ... otherwise the DD now would be quite a bit higher.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,436
  • Sep 11, 2016 7:04pm Sep 11, 2016 7:04pm
Quoting Masterrmind
{quote} With DD like that it becomes a very 'relaxing' way to trade. Current DD on my EA cycle is 3.68%. {image} ps. becomes obvious now how important it was to close out those large lot entries when I did in the red zone on the chart after a small pullback ... taking profit ... otherwise the DD now would be quite a bit higher. Masterrmind...........
If I do add additional entries to the EA cycle they will all be at 0.5 lots.

Whilst the EA PLS cycle is active any additional cycles added today will most likely be CLS type during the Asian session.

Depending on cycle(s) progress today, a PLS cycle might be applied in the FF/LO session but its far too early to tell at this stage.

A trader does not want to over-commit on cycles and allow the DD to become 'excessive' otherwise fear will start to enter the equation!

Masterrmind............
Master your Mind then Master your Trades
  • #1,437
  • Sep 11, 2016 7:16pm Sep 11, 2016 7:16pm
NJ & EJ short cycles started. CLS on both.
Don't look down when learning to fly.
  • #1,438
  • Sep 11, 2016 7:24pm Sep 11, 2016 7:24pm
GJ (CLS) cycle set.

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #1,439
  • Sep 11, 2016 7:26pm Sep 11, 2016 7:26pm
Quoting Platanero
NJ & EJ short cycles started. CLS on both.
I would have taken 2 CLSs as well however with the PLS still in play decided to play it 'safe' and add only one.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,440
  • Sep 11, 2016 8:45pm Sep 11, 2016 8:45pm
NJ & EJ short cycles now closed in profit. Another 33.x pips in the bank.

EA cycle from last week still going.
Don't look down when learning to fly.
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