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Quad Candle System

  • #581
  • Jun 30, 2017 6:43am Jun 30, 2017 6:43am
Im surprised to see not many traders posting the QUAD-MML trades.

Perhaps more posts will come along soon.

Masterrmind.......
Master your Mind then Master your Trades
  • #582
  • Jun 30, 2017 7:08am Jun 30, 2017 7:08am
Quoting Masterrmind
Im surprised to see not many traders posting the QUAD-MML trades. Perhaps more posts will come along soon. Masterrmind.......
The process to trade with this method still requires a little thought and as yet you have not put up the
Mastermind Master-piece magic push button indicator that gives you the green light to press a button then it deposits pips into the account
ps For free of course
  • #583
  • Jun 30, 2017 7:09am Jun 30, 2017 7:09am
ill take your advice mastermind,i prefer not to take trades on Friday,i am a bit fearful of the weekend gap...
  • #584
  • Jun 30, 2017 7:21am Jun 30, 2017 7:21am
LOL nice one dave ! by the way when are you going to post the magic push button indicator ,mastermind ?
  • #585
  • Jun 30, 2017 7:29am Jun 30, 2017 7:29am
Quoting OAPDave
{quote} The process to trade with this method still requires a little thought and as yet you have not put up the Mastermind Master-piece magic push button indicator that gives you the green light to press a button then it deposits pips into the account ps For free of course
I'll get that written up in Post 1 asap!

Ha ha ha ha ....................... ha ha ha ha.

Masterrmind.............
Master your Mind then Master your Trades
  • #586
  • Jun 30, 2017 7:55am Jun 30, 2017 7:55am
Quoting nozzer
ill take your advice mastermind,i prefer not to take trades on Friday,i am a bit fearful of the weekend gap...
As I've mentioned before you can take a weekly chart of the pair and find an average over all the weekend gaps.

Check the economic calendar to see what news is or is not coming out for the USD and your chosen pair and then form an opinion as to the expected gap over the coming weekend.

There will always be risk though since 'nasty' news can and does come out at any time and it is usually unexpected.

If you have capital on the line think twice before you do.

However, with these longer term trades you'll notice that it is almost impossible to avoid allowing the trade to run over the weekend.

The reason for not opening the trade on a Friday in the first place is because most of the time the trading day is halfway through before an entry is made (eg entry later in the London session) especially if you are hunting for a pullback of some desription prior to entry.

Further to that you do not want to put your trade at any unecessary risk before giving it at least some chance of heading off in the correct direction and adding in a weekend gap is not being really smart (in most but not all cases, some situations may warrant an entry).

At the end of the day it is trader choice and I'm sure that even I will open 1 at some stage in the future because the setup looks 'excellent'.

ps. I hope this has not come across as confusing or contradictory, it is not meant to be.

Masterrmind.........
Master your Mind then Master your Trades
  • #587
  • Jun 30, 2017 8:04am Jun 30, 2017 8:04am
Quoting nozzer
LOL nice one dave ! by the way when are you going to post the magic push button indicator ,mastermind ?
The magic push button does exist.

Certainly do not plan on posting it here.

Traders should work hard to learn the art.

Enjoy the weekend,

Masterrmind.............
Master your Mind then Master your Trades
  • #588
  • Jul 2, 2017 6:21am Jul 2, 2017 6:21am
Watch List

D1 QUADs

XAUUSD
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D1 MMLs

EURJPY
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EURSGD
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NZDJPY
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NZDUSD
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SGDJPY
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USDCHF
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JPN225
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US30
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There may be others including a possible Quad-MML setup but I'll leave that for you to find.

Masterrmind.............
Master your Mind then Master your Trades
  • #589
  • Jul 2, 2017 6:45am Jul 2, 2017 6:45am
Quoting Masterrmind
Watch List D1 QUADs XAUUSD {image} D1 MMLs EURJPY {image} EURSGD {image} NZDJPY {image} NZDUSD {image} SGDJPY {image} USDCHF {image} JPN225 {image} US30 {image} There may be others including a possible Quad-MML setup but I'll leave that for you to find. Masterrmind.............
Which symbols are worthy of further analysis?

If a given symbol chosen for further analysis is a major, cross or exotic pair consider if other charts are required ?

What is the final symbol choice(s) ?

Refer to Post 1 and follow the steps to gain a global bias (fundamental and sentiment driven) per chosen symbol.

Does the chart structure of a chosen symbol(s) offer up any confluence ?

If the symbol is 'worthy' of an entry into the market when is this likely to occur ?

How will the trade be managed throughout ? Does an appropriate plan exist ?

Masterrmind..........
Master your Mind then Master your Trades
  • #590
  • Jul 2, 2017 9:43am Jul 2, 2017 9:43am
Hi .. i think the price of USDCHF pair will go up for 0/8 and then roll over :
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This week I will focus on :

EURGBP
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USDCAD
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Beside XAUUSD NZDJPY EURJPY
  • #591
  • Jul 2, 2017 10:54am Jul 2, 2017 10:54am
i am going to keep a eye on the EUR to drop against the JPY...
  • #592
  • Jul 3, 2017 3:15am Jul 3, 2017 3:15am
That would be my plan, but I prefer the 3/8ths 5/8ths to trade from with the same style of entry
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  • #593
  • Jul 3, 2017 4:01am Jul 3, 2017 4:01am
Great to see some traders posting up their trade ideas.

Masterrmind..........
Master your Mind then Master your Trades
  • #594
  • Jul 3, 2017 4:20am Jul 3, 2017 4:20am
Quoting Masterrmind
Great to see some traders posting up their trade ideas. Masterrmind..........
No point in posting the NJ as mentioned before we have different Octaves but here is the other 2
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  • #595
  • Jul 3, 2017 5:58am Jul 3, 2017 5:58am
Maybe another chance on EURUSD
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  • #596
  • Jul 3, 2017 8:15am Jul 3, 2017 8:15am
Could go either way but starting with a Sell ? I am prepared to reverse if needed ?
ps its off a Wkly Chart
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  • #597
  • Jul 3, 2017 9:23am Jul 3, 2017 9:23am
Quoting OAPDave
{quote} No point in posting the NJ as mentioned before we have different Octaves but here is the other 2 {image} {image}
Looking into the NJ plotting differences between the 2 indicators.

Only appears to be the JPY part as the NZD appears to be plotting out the same for both indicators on different pairs.

Unusual but there will be a reason for it just need to look a little deeper.

Hopefully not much longer.

Masterrmind...........
Master your Mind then Master your Trades
  • #598
  • Jul 3, 2017 9:28am Jul 3, 2017 9:28am
NZDUSD

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Not sure how many took a short on the NU pair.

But from a chart structural point of view not a bad area to start looking for a short.

Masterrmind.............
Master your Mind then Master your Trades
  • #599
  • Jul 3, 2017 9:35am Jul 3, 2017 9:35am
Quoting Masterrmind
{quote} Looking into the NJ plotting differences between the 2 indicators. Only appears to be the JPY part as the NZD appears to be plotting out the same for both indicators on different pairs. Unusual but there will be a reason for it just need to look a little deeper. Hopefully not much longer. Masterrmind...........
Thanks but all that tech stuff way over my head, the Gbp Cad is interesting me managed to take 61 pips from a Sell a couple of weeks ago its done nothing on the up side since, just a little loathed if I have to get in today as not much range left
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  • #600
  • Jul 3, 2017 9:37am Jul 3, 2017 9:37am
NZDJPY

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This pair I'm monitoring but the JPY is super weak so the idea is to look for signs of exhaustion in the bulls and a reversal in the making.

Take note of the bullish action nearing the upper extreme MML on my chart, the PA to the left and the possibility of a MML reset.

Perhaps this is reason enough to not short this pair just yet.

Certainly no short at this stage from my analysis.

ps. be aware that this pair is showing different levels from the 2 MML indicators!

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