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Q A M Trading Strategy

  • #1,441
  • Sep 12, 2016 1:28am Sep 12, 2016 1:28am
Quoting Platanero
NJ & EJ short cycles now closed in profit. Another 33.x pips in the bank. EA cycle from last week still going.
Great work!

More pips added to the total.

ps. I'm still in my cycles.

Masterrmind............
Master your Mind then Master your Trades
  • #1,442
  • Sep 12, 2016 2:45am Sep 12, 2016 2:45am
Quoting Masterrmind
GJ (CLS) cycle set. {image} Masterrmind............
GJ

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


1 short cycle closed out.

+199.1 pips!

ps. 1 short was not triggered .... why would that be?

Masterrmind............
Master your Mind then Master your Trades
  • #1,443
  • Sep 12, 2016 2:50am Sep 12, 2016 2:50am
No additional PLS cycle will be added today since the EA PLS cycle is still running currently with just over 5% floating DD.

So my attention will be on applying or reducing trades in the EA PLS cycle.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #1,444
  • Sep 12, 2016 3:44am Sep 12, 2016 3:44am
Quoting Masterrmind
{quote} ... ps. 1 short was not triggered .... why would that be? Masterrmind............
That short would not have opened in a good place in relation to everything else around it.

I started a quick cycle on EJ. Really starting to like EJ lately.
Don't look down when learning to fly.
  • #1,445
  • Sep 12, 2016 4:23am Sep 12, 2016 4:23am
Quoting Platanero
{quote} That short would not have opened in a good place in relation to everything else around it. I started a quick cycle on EJ. Really starting to like EJ lately.
The short that didn't open was due to a change in Expert settings from 40 to 100 after the 2nd last short was made.

Price simply didn't go high enough to trigger a Q 100 entry signal.

You can see on the chart where the trending line was not connected through the 2nd last short.

The JPY pairs will certainly give out plenty of good cycles and EJ is one of them .... GJ is a bit more volatile but its a good one too ... most of the time.

ps. Lets see some major pips for you from EJ.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,446
  • Sep 12, 2016 4:53am Sep 12, 2016 4:53am
Quoting Masterrmind
No additional PLS cycle will be added today since the EA PLS cycle is still running currently with just over 5% floating DD. So my attention will be on applying or reducing trades in the EA PLS cycle. Masterrmind........... :nerd:
EA [PLS]

5 by 0.5 lot shorts added.

Masterrmind.........
Master your Mind then Master your Trades
  • #1,447
  • Sep 12, 2016 5:10am Sep 12, 2016 5:10am
Quoting Masterrmind
{quote} 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...
Hi Mastermind,

Thank you for providing the cheatsheet.

I would appreciate if you share your experience in terms of points: 5. 9. and 10.
Practice makes a person perfect
  • #1,448
  • Sep 12, 2016 5:56am Sep 12, 2016 5:56am
Quoting simnz
{quote} Hi Mastermind, Thank you for providing the cheatsheet. I would appreciate if you share your experience in terms of points: 5. 9. and 10.
5.
a) Choose a preferred pair, TF and Quantum number eg EA [M1; 300]
b) On the EA chart with the correct trading window applied (eg FF-1 through to NY Open), tabulate (in Excel preferably) all the cycles both short and long noting the Q count over a desired period of sessions (eg 20 or 40 or 60 etc). You can note cycle count per day if you are keen but not necessary.
c) Determine the max and the average Q count
d) Tabulate (in Excel) the trading session range, Q cycle range (pip range max from 1st entry through to closure to gain an appreciation)

9. Choice of Quantum number to be applied in the PLS session such as Q=300 noted in point 5 (above).

10. This is really more to do with actively managing the cycle once it is started and not relying purely on the first choice of Quantum since a failure to adjust Q can and may lead to losses either as trades or as a cycle net loss.

Masterrmind............
Master your Mind then Master your Trades
  • #1,449
  • Sep 12, 2016 8:24am Sep 12, 2016 8:24am
EA

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


5 shorts @ 0.5 lots a piece closed out for a total of just over 100 pips.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,450
  • Sep 12, 2016 6:38pm Sep 12, 2016 6:38pm
Another wonderful day in the life of Forex trading.

Lets seek out a suitable pair(s) to trade.

Masterrmind............
Master your Mind then Master your Trades
  • #1,451
  • Sep 12, 2016 6:43pm Sep 12, 2016 6:43pm
Greetings sir!

I have 2 active cycles (EA & EJ). Still plenty of room on the account.

I'll be looking for entries on GJ tonight. Others seem to have a fat spread tonight for some reason. Maybe its just my broker.
Don't look down when learning to fly.
  • #1,452
  • Sep 12, 2016 6:54pm Sep 12, 2016 6:54pm
Quoting Platanero
Greetings sir! I have 2 active cycles (EA & EJ). Still plenty of room on the account. I'll be looking for entries on GJ tonight. Others seem to have a fat spread tonight for some reason. Maybe its just my broker.
Yes the spread can be a real issue and needs to be considered before taking any cycle.

Especially if the plan is to take smaller TPs.

You can really notice it on a smaller trading range pair say at the start of the day when you have the bid and ask lines running on your chart.

The spread on my charts is horrendous and it actually reduces the profit or forces a trader to take TPs 7-10 pips further for the same gain.

I know the difference this creates between the cent account (huge spread) and my other ECN accounts for the exact same cycles closed out by the Expert .... the difference is huge.

So I know that the gain on my cent account would be alot higher if it was being traded ECN style ... but its not so I have to deal with it..... grrrr.

The lower the spread in the smaller trading range sessions the better.

Watch the spread like a hawk!

Masterrmind............
Master your Mind then Master your Trades
  • #1,453
  • Sep 12, 2016 7:32pm Sep 12, 2016 7:32pm
Looking to trade EJ shortly but an [M1; 200] setup

Masterrmind............
Master your Mind then Master your Trades
  • #1,454
  • Sep 12, 2016 7:39pm Sep 12, 2016 7:39pm
Quoting Masterrmind
Looking to trade EJ shortly but an [M1; 200] setup Masterrmind............
EURJPY [M1; 200 - MN 208; CLS 0.2]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


ps. buy stops and at market manual entries may be applied depending on PA.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,455
  • Sep 12, 2016 7:41pm Sep 12, 2016 7:41pm
CLS cycles from this point forward will be traded @ 0.2 lots per entry.

PLS cycles may commence at lower lots depending on the pair and the setup.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,456
  • Sep 12, 2016 8:00pm Sep 12, 2016 8:00pm
Quoting Masterrmind
{quote} EURJPY [M1; 200 - MN 208; CLS 0.2] {image} ps. buy stops and at market manual entries may be applied depending on PA. Masterrmind...........
EJ

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Collecting entries on an M1 TF and running nicely at this stage.

ps. HH - LL gap is about 60 pips at present.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,457
  • Sep 12, 2016 8:03pm Sep 12, 2016 8:03pm
On second thought; I decided to look after my already open cycles instead of starting new ones tonight. Plenty of room on the account but I am still getting to know my way around these longer term cycles.
Don't look down when learning to fly.
  • #1,458
  • Sep 12, 2016 8:15pm Sep 12, 2016 8:15pm
Quoting Platanero
On second thought; I decided to look after my already open cycles instead of starting new ones tonight. Plenty of room on the account but I am still getting to know my way around these longer term cycles.
Better to take it very slowly at the start and ease your way into larger cycles gradually.

Set yourself a realistic goal such as 50+% gain on your current account and then start to increase lot sizes gradually.

If you do this in a gradual process you'll find that you develop a buffer profit that you can use as a safety net for the time (hopefully not) that losses are made from an unexpected larger higher lot cycle.

If things run smoothly though you will see a small account really start to grow and all you might need to do is simply increase lot sizes ever so slightly.

There is no rush afterall and in any case it needs to be a slow building process where you get familiar with trading these cycles over time including a few nasty cycles where you might have to trim some trades for losses.

It is not a set and forget method that is forsure ... unless you start applying >>100K with small lots then it is a completely different business!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,459
  • Sep 12, 2016 9:42pm Sep 12, 2016 9:42pm
Quoting Masterrmind
{quote} EJ {image} Collecting entries on an M1 TF and running nicely at this stage. ps. HH - LL gap is about 60 pips at present. Masterrmind...........
EJ

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Closed out manually for +63.1 pips.

ps. no real need to close out the cycle early but in the interests of keeping the profit ticking over I did.

Masterrmind............
Master your Mind then Master your Trades
  • #1,460
  • Sep 12, 2016 10:44pm Sep 12, 2016 10:44pm
PLS Cycle just prior to Frankfurt Open (FF-1 hour) may be traded today.

I will be looking to trade a PLS cycle today provided the DD on the current EA cycle remains close to where it is now and certainly less than 5% DD.

Hope to see those interested at GMT 5.

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