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Q A M Trading Strategy

  • #1,581
  • Sep 20, 2016 7:23pm Sep 20, 2016 7:23pm
Due to the current DD on the EJ pair due to some aggressive longs placed yesterday it is unlikely that additional cycles will be traded today.

Both EA and EJ cycles are currently in action but are quite unbalanced so the plan will be to monitor PA and seek to add or reduce trades.

EA [H1 Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 53 KB


EJ [H1 Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #1,582
  • Sep 20, 2016 7:37pm Sep 20, 2016 7:37pm
No open positions here but happy to remain on the sideline ahead of high impact news later tonight.
Don't look down when learning to fly.
  • #1,583
  • Sep 20, 2016 8:06pm Sep 20, 2016 8:06pm
Should be interesting to see what the BOJ do and whether they can weaken the Yen or will rally hard?

Decisions, decisions!
flipfloptrader forum
  • #1,584
  • Sep 20, 2016 8:33pm Sep 20, 2016 8:33pm
Quoting Platanero
No open positions here but happy to remain on the sideline ahead of high impact news later tonight.
Yes that's certainly a valid option.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,585
  • Sep 20, 2016 8:36pm Sep 20, 2016 8:36pm
Quoting FlipFlopGC
Should be interesting to see what the BOJ do and whether they can weaken the Yen or will rally hard? Decisions, decisions!
This puts my current longs on EJ in an interesting position.

Quick exit or accelerating growth.

One thing for certain is I will be monitoring very very closely.

Masterrmind............
Master your Mind then Master your Trades
  • #1,586
  • Sep 20, 2016 8:41pm Sep 20, 2016 8:41pm
Quoting Masterrmind
{quote} This puts my current longs on EJ in an interesting position. Quick exit or accelerating growth. One thing for certain is I will be monitoring very very closely. Masterrmind............
I'd be of the view of having targets a good 100 pips higher because if they do take the stance of wanting to weaken the Yen, I think it'll fly higher pretty sharply. Conversely it could also fall in a hole. Or be a non event. Haha, think I've covered everything there.

I have a long USDJPY cycle but very conservative and likewise will be monitoring closely.
flipfloptrader forum
  • #1,587
  • Sep 20, 2016 10:33pm Sep 20, 2016 10:33pm
Quoting FlipFlopGC
{quote} I'd be of the view of having targets a good 100 pips higher because if they do take the stance of wanting to weaken the Yen, I think it'll fly higher pretty sharply. Conversely it could also fall in a hole. Or be a non event. Haha, think I've covered everything there. I have a long USDJPY cycle but very conservative and likewise will be monitoring closely.
Fairly clear to see why I have loaded up on the EJ longs basically looking towards a JPY weakness by BOJ statement....

But that is not without quite some risk attached so lets see how the market reacts.

Either very nice growth will result from this setup or an X% drop in account growth will occur.

ps. Shorts on the EA pair have now been all closed out.

Masterrmind............
Master your Mind then Master your Trades
  • #1,588
  • Sep 20, 2016 10:46pm Sep 20, 2016 10:46pm
EJ

Stops under the 112 handle.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB


Lets see!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,589
  • Sep 20, 2016 11:12pm Sep 20, 2016 11:12pm
Quoting Masterrmind
EJ Stops under the 112 handle. {image} Lets see! Masterrmind...........
EJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


5 by 1 lot longs closed out for profit and to reduce exposure.

Masterrmind............
Master your Mind then Master your Trades
  • #1,590
  • Sep 20, 2016 11:31pm Sep 20, 2016 11:31pm
Quoting Masterrmind
{quote} EJ - update {image} 5 by 1 lot longs closed out for profit and to reduce exposure. Masterrmind............
EJ - update

Continued to siphon off profitable trades as price drives up the chart.

Reducing exposure in the event of a sudden reversal.

Very comfortable position on EJ trades now in terms of profit taken and current floating DD.

Masterrmind.........
Master your Mind then Master your Trades
  • #1,591
  • Sep 20, 2016 11:38pm Sep 20, 2016 11:38pm
AJ - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


3 Sell Limit orders placed the other day triggered and straight to TP.

Other pendings on AJ deleted out.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,592
  • Sep 20, 2016 11:51pm Sep 20, 2016 11:51pm
Current Account Situation

Only 13 by EJ longs remaining.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


2.01 % gain today
1.01% current floating DD

Masterrmind........
Master your Mind then Master your Trades
  • #1,593
  • Sep 20, 2016 11:53pm Sep 20, 2016 11:53pm
USDJPY cycled closed. +964 pips. Took some time and the spike down concerned me but was prepared to cut at -10% equity and never went past 4% drop.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m15-darwinex.png Size: 49 KB
flipfloptrader forum
  • #1,594
  • Sep 21, 2016 12:14am Sep 21, 2016 12:14am
Quoting FlipFlopGC
USDJPY cycled closed. +964 pips. Took some time and the spike down concerned me but was prepared to cut at -10% equity and never went past 4% drop. {image}
Nice work!

Trading during red news events with cycles like these is not for everyone.

It requires constant monitoring and timely adjustment (when required) by an alert trader.

The 'heat of battle' type trading is far different from 'hindsight' type trading.

It's a balance between floating DD, taking profit or allowing trades to keep running or cutting some for loss.

Both the EJ and UJ cycles turned out well.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,595
  • Sep 21, 2016 12:26am Sep 21, 2016 12:26am
A suitable PLS cycle will be traded from around GMT 5 to GMT 6 today.

Account growth must continue afterall!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,596
  • Sep 21, 2016 12:45am Sep 21, 2016 12:45am
Quoting Masterrmind
A suitable PLS cycle will be traded from around GMT 5 to GMT 6 today. Account growth must continue afterall! Masterrmind...........
AU + GU PLS cycles being considered.

I will only be trading one of these pairs initially.

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #1,597
  • Sep 21, 2016 1:02am Sep 21, 2016 1:02am
Quoting Masterrmind
{quote} AU + GU PLS cycles being considered. I will only be trading one of these pairs initially. Masterrmind............ :nerd:
GU [PLS]

Attached Image (click to enlarge)
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Expert set up and ready for action.

Note: choice of pair could also be determined by proximity of price to either HH or LL levels meaning the closer the faster entries are generated but in my case I've chosen an almost mid-point on the GU pair.

Why would that be?

Masterrmind...........
Master your Mind then Master your Trades
  • #1,598
  • Sep 21, 2016 1:43am Sep 21, 2016 1:43am
EA - Long cycle setup

Attached Image (click to enlarge)
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As outlined well in advance on previous posts my load up zone for EA longs was posted as 1.4850 down to the 1.47 handle.

Price is now neatly inside that zone so I will be loading up on long entries once an opportunity to enter becomes valid.

A combination of At Market and Buy Stop type orders are likely to be applied.

ps. well aware that price could also test recent swing lows so this is not a rush in type setup but a patience type approach.

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #1,599
  • Sep 21, 2016 4:12am Sep 21, 2016 4:12am
Quoting Masterrmind
{quote} GU [PLS] {image} Expert set up and ready for action. Note: choice of pair could also be determined by proximity of price to either HH or LL levels meaning the closer the faster entries are generated but in my case I've chosen an almost mid-point on the GU pair. Why would that be? Masterrmind...........
GU - update

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


No cycles generated today in this time slot.

Note: If a cycle hasn't opened its first trade within 2-3 hours (between FF-1 hour to LO+1-2 hours) then I'll cancel the cycle for that day.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #1,600
  • Edited 5:05am Sep 21, 2016 4:21am | Edited 5:05am
hi master you say in this link http://www.forexfactory.com/showthre...43#post9124743 for 10k lot you are using 0.01 ok?
and whuch method and with 10k how many symbole can trade? and maybe trade all the day nad not only trade in tokyo session?
and how many profit with month for 10k? you are recive?and please see 20/10/2008 gu yf 5min...1900 pip move price and call ever acc
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