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Quad Candle System

  • #421
  • Jun 20, 2017 12:04pm Jun 20, 2017 12:04pm
Quoting Eldero
{quote} Thank you for your explanation. Yes, I know about the 2hour candle of Sunday and I manually cancel it through the mt4. In the chart I updated I have surely cancelled the recent sundays but probably not the ones of May. Thank you so much for your advice!
Manually deleting them does not help. It doesn't change bars open/close times!!! You need to change broker or you need to find proper daily charts and use them for charting and then place trades on the charts of your current broker if you do not plan to change broker.
  • #422
  • Jun 20, 2017 6:57pm Jun 20, 2017 6:57pm
Quoting Eldero
Hi all, If we missed a quad pattern entry and the price gives another opportunity to enter at the same level some days after, how do you operate? For ex. in the chart I am posting ( EUR-JPY ) I see two quad pattern happened some days at the level 8. Now, the price is again at those levels ( approx ) In cases like this, do you wait for another pattern or do you consider the possibility to enter the trade? Thank you P.S.: Thank you Masterming for the continuous updates {image}
If a valid Quad Pattern appears several days later in a similar zone then it should be assessed on its own merits and can be traded.

In the case where the 2nd Quad Pattern for a short setup completes at a lower price level be aware of where your stop would be placed and the reward to risk ratio.

Also understand that price often retests the key resistance levels so price may break up higher and take out your stop loss if you have it tucked up just above current Quad level instead of above the key resistance level.

This is one reason to always consider the R:r including waiting to get into the trade at a higher price looking for a better priced short in this case.

If price does not head up but rather accelerates downwards and you miss the trade do not worry as there will be many other opportunities.

Long Quad setups apply similar to above but refer to support and operate opposite to a short Quad obviously.

Masterrmind........
Master your Mind then Master your Trades
  • #423
  • Jun 20, 2017 10:59pm Jun 20, 2017 10:59pm
Watch List

Quad + MML Combo

None currently showing

Quad only

GBPUSD

SUGAR

MML only

CHFJPY

US30

COFFEE

COTTON

Note:

There may be other opportunities offered by brokers that list multiple symbols on their MT4 platforms.

Masterrmind............
Master your Mind then Master your Trades
  • #424
  • Jun 21, 2017 12:35am Jun 21, 2017 12:35am
Quoting Masterrmind
Watch List Quad + MML Combo None currently showing Quad only GBPUSD SUGAR MML only CHFJPY US30 COFFEE COTTON Note: There may be other opportunities offered by brokers that list multiple symbols on their MT4 platforms. Masterrmind............


good gbpusd we can focus
  • #425
  • Jun 21, 2017 2:24am Jun 21, 2017 2:24am
Quoting gopal33200
{quote} good gbpusd we can focus
Yes at least it fits inside the 'majors' category.

GBPUSD [D1 Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


GBPUSD [MN Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB


Thats quite a distance down to the 4/8 MML as a projected TP.

Might be best to settle on a much smaller TP but anything can happen with the GBP under recent Brexit and Political uncertainty.

Factor in the risk (which may not be that easy to factor in actually).

ps. a stop above the MN high would be close to 370 pips from current price ...

Masterrmind............
Master your Mind then Master your Trades
  • #426
  • Jun 21, 2017 2:49am Jun 21, 2017 2:49am
Hi all,

Do you think the strategy can be applied also to the DJ30?
If so, maybe a good pattern is forming
Attached Image (click to enlarge)
Click to Enlarge Name: #DJ30Daily.png Size: 37 KB
  • #427
  • Jun 21, 2017 2:51am Jun 21, 2017 2:51am
Quoting Eldero
Hi all, Do you think the strategy can be applied also to the DJ30? If so, maybe a good pattern is forming {image}
Absolutely.

Masterrmind............
Master your Mind then Master your Trades
  • #428
  • Jun 21, 2017 5:39am Jun 21, 2017 5:39am
Quoting Masterrmind
{quote} Stick around as things are going to get a whole lot better. Quad Detector indicator and Quad-MML Dashboard Not sure when these will be completed. ps. Time is the major issue. Masterrmind.............
Seems a little slow on the thread today, everyone ok ?
  • #429
  • Jun 21, 2017 6:04am Jun 21, 2017 6:04am
Quoting OAPDave
{quote} Seems a little slow on the thread today, everyone ok ?
Perhaps they are busy OAPDave.

A few charts posted would be nice.

Masterrmind............
Master your Mind then Master your Trades
  • #430
  • Jun 21, 2017 6:43am Jun 21, 2017 6:43am
Quoting Masterrmind
{quote} Perhaps they are busy OAPDave. A few charts posted would be nice. Masterrmind............
You have highlighted the trades from the O/B & O/S areas, so I decided to take one on from smack bang in the middle of the Octave with the purpose of drawing some comments, we will have to see what sort of ride I get but thought it would be a useful exercise
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYSBDailyupdate.png Size: 70 KB
  • #431
  • Jun 21, 2017 7:28am Jun 21, 2017 7:28am
I would like to know the important of the central pivot line,but I don't want to clog up masterminds thread,i know I just asked a newbie murrey maths question,i am sorry about that .
  • #432
  • Jun 21, 2017 7:39am Jun 21, 2017 7:39am
Quoting OAPDave
{quote} You have highlighted the trades from the O/B & O/S areas, so I decided to take one on from smack bang in the middle of the Octave with the purpose of drawing some comments, we will have to see what sort of ride I get but thought it would be a useful exercise {image}
Looks like you waited for weakness to be shown by the bears and entered with the expectation of getting into the long side after that pullback.

Where is your SL (around 83.500 or deeper) and where is your TP that you are shooting towards?

Is your immediate TP up closer to the 6/8 or 7/8 MML?

If the bulls get in on your trade it will look good because basically it looks like you waited for price to pullback into the 4/8 pivot and then went long.

Its also in a zone where previous resistance has now become support ... if the support level actually holds.

Masterrmind...........
Master your Mind then Master your Trades
  • #433
  • Jun 21, 2017 7:40am Jun 21, 2017 7:40am
Quoting OAPDave
{quote} You have highlighted the trades from the O/B & O/S areas, so I decided to take one on from smack bang in the middle of the Octave with the purpose of drawing some comments, we will have to see what sort of ride I get but thought it would be a useful exercise {image}
It seems forming a quad pattern, but it shows a new high that broke up a resistance made by a double high. It means that now the price could retest the last resistance ( now support ) and go long. Also the spike that is forming, in my opinion, can indicate long ( of course we are talking of a daily chart, so we should wait the close of the candle ). I personally would not trade this pair at this time
  • #434
  • Jun 21, 2017 7:53am Jun 21, 2017 7:53am
Thanks for the comments guys, to be honest have not got a target in mind yet because it as lots of tough work to do on the upside, only have a mental stop at the moment, just have a look at the Monthly ? Weekly worth a look as well ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYSBMonthly.png Size: 77 KB
Click to Enlarge Name: AUDJPYSBWeekly.png Size: 68 KB
  • #435
  • Jun 21, 2017 8:07am Jun 21, 2017 8:07am
Quoting OAPDave
Thanks for the comments guys, to be honest have not got a target in mind yet because it as lots of tough work to do on the upside, only have a mental stop at the moment, just have a look at the Monthly ? Weekly worth a look as well ? {image} {image}
AJ [Monthly Chart]

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


Masterrmind............
Master your Mind then Master your Trades
  • #436
  • Jun 21, 2017 8:15am Jun 21, 2017 8:15am
Remember this one I used to post, but kept scalping little bits instead of leaving it alone
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDSBDaily.png Size: 76 KB
  • #437
  • Jun 21, 2017 8:23am Jun 21, 2017 8:23am
GBPUSD [QUAD SHORT]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Nice pullback up into the 4/8 MML on the entry D1 candle.

Far better price to short now compared to the close of Quad Candle 4.

Who will short this pair ?

Masterrmind............
Master your Mind then Master your Trades
  • #438
  • Jun 21, 2017 8:31am Jun 21, 2017 8:31am
Quoting Masterrmind
GBPUSD [QUAD SHORT] {image} Nice pullback up into the 4/8 MML on the entry D1 candle. Far better price to short now compared to the close of Quad Candle 4. Who will short this pair ? Masterrmind............
Stop size roughly halved so in money terms how much would it cost to play ?
  • #439
  • Jun 21, 2017 8:42am Jun 21, 2017 8:42am
Quoting OAPDave
{quote} Stop size roughly halved so in money terms how much would it cost to play ?
A SL just above the 5/8 MML is about 150 pips from current price so about $150 per mini lot (0.1 lots) or $1500 per lot.

Masterrmind...........
Master your Mind then Master your Trades
  • #440
  • Jun 21, 2017 8:53am Jun 21, 2017 8:53am
Be sure to monitor US30 (DJ30) too.

Potentially a killer setup about to occur.

Lets see.

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