The following important points need to be made regarding the QAM Trading Strategy:
1. QAM is simply an additional strategy that is allocated a small% of my trading account;
2. QAM should always be viewed as a trading strategy that is relatively risky because it thrives on producing a drawdown;
3. QAM can be applied to several currency pairs, commodities and indices;
4. QAM can be traded on multiple time frames;
5. QAM can be traded in a host of different trading windows; and
6. There is no limit to the number of ways that QAM can be traded, adapted or expanded upon.
7**. Importantly my approach to much of the QAM strategy is of a discretionary nature meaning that the traders decisions go well beyond opening a long trade when a blue box appears and short a trade when a red box appears!
** Sometimes this is the case but my idea with QAM is to close off mini cycles of trades at opportune times as a means of limiting large DD as much as possible.
The main points I look at when trading QAM can be briefly outlined as follows (they will be thoroughly expanded upon throughout the course of the thread):
1. Taking advantage of the typical Asian Session trading patterns that exist which implies known retracements in price;
2. Likely occurrence of pullbacks of price to the Daily Open zone;
3. Mini pullbacks of price to known areas of support and resistance for potentially closing out cycles of trades;
4. An awareness of a given pairs' ADR, ATR and other important factors;
5. The spread of the traded pair (broker spread and broker choice needs to be considered as high spread influences the efficient closing of cycles ie with respect to the ask and the bid for a short entry versus a long entry);
6. The volatility and likely trading ranges within a given trading window;
7. Setting realistic global SL for each trade or a cycle of trades such that maximum risk is never exceeded;
8. Have a realistic trading plan over weekly, monthly and yearly periods;
9. Develop a reasonable net weekly %gain at a certain DD in demo initially and then fine tune it later for a live trading account;
10. Learn to observe how price typically moves across the chart noting areas of S+R;
11. Awareness of strong trend development and how to actively manage a cycle of trades to minimize loss as much as possible
12. Awareness of news and its typical impact on a given currency pair (often this is highly variable but not always); and
13. Many other trading factors if and as required.
Source by Forexfactory
1. QAM is simply an additional strategy that is allocated a small% of my trading account;
2. QAM should always be viewed as a trading strategy that is relatively risky because it thrives on producing a drawdown;
3. QAM can be applied to several currency pairs, commodities and indices;
4. QAM can be traded on multiple time frames;
5. QAM can be traded in a host of different trading windows; and
6. There is no limit to the number of ways that QAM can be traded, adapted or expanded upon.
7**. Importantly my approach to much of the QAM strategy is of a discretionary nature meaning that the traders decisions go well beyond opening a long trade when a blue box appears and short a trade when a red box appears!
** Sometimes this is the case but my idea with QAM is to close off mini cycles of trades at opportune times as a means of limiting large DD as much as possible.
The main points I look at when trading QAM can be briefly outlined as follows (they will be thoroughly expanded upon throughout the course of the thread):
1. Taking advantage of the typical Asian Session trading patterns that exist which implies known retracements in price;
2. Likely occurrence of pullbacks of price to the Daily Open zone;
3. Mini pullbacks of price to known areas of support and resistance for potentially closing out cycles of trades;
4. An awareness of a given pairs' ADR, ATR and other important factors;
5. The spread of the traded pair (broker spread and broker choice needs to be considered as high spread influences the efficient closing of cycles ie with respect to the ask and the bid for a short entry versus a long entry);
6. The volatility and likely trading ranges within a given trading window;
7. Setting realistic global SL for each trade or a cycle of trades such that maximum risk is never exceeded;
8. Have a realistic trading plan over weekly, monthly and yearly periods;
9. Develop a reasonable net weekly %gain at a certain DD in demo initially and then fine tune it later for a live trading account;
10. Learn to observe how price typically moves across the chart noting areas of S+R;
11. Awareness of strong trend development and how to actively manage a cycle of trades to minimize loss as much as possible
12. Awareness of news and its typical impact on a given currency pair (often this is highly variable but not always); and
13. Many other trading factors if and as required.
Source by Forexfactory
Best Trading Templates :: Qam Trading Strategy - Market Root >>>>> Download Now
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>>>>> Download Now
Best Trading Templates :: Qam Trading Strategy - Market Root >>>>> Download Full
>>>>> Download LINK