Just trying to put a kiss on the cheek of success
- #682
- Jul 11, 2017 6:43am Jul 11, 2017 6:43am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
QUAD LONGs
AUDCHF
CADCHF
CADJPY
NZDCHF
USDCHF
USDJPY
QUAD SHORTs
EURUSD
GBPUSD
Do the analysis, gather up as much confluence as possible and apply sound risk and trade management and reap the pips !
Masterrmind............
AUDCHF
CADCHF
CADJPY
NZDCHF
USDCHF
USDJPY
QUAD SHORTs
EURUSD
GBPUSD
Do the analysis, gather up as much confluence as possible and apply sound risk and trade management and reap the pips !
Masterrmind............
Master your Mind then Master your Trades
- #683
- Jul 11, 2017 7:58am Jul 11, 2017 7:58am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
QUAD LONGs AUDCHF {image} CADCHF {image} CADJPY {image} NZDCHF {image} USDCHF {image} USDJPY {image} QUAD SHORTs EURUSD {image} GBPUSD {image} Do the analysis, gather up as much confluence as possible and apply sound risk and trade management and reap the pips ! Masterrmind............
- #684
- Jul 11, 2017 7:53pm Jul 11, 2017 7:53pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Having ago at the USDCHF spotted another pattern beside the Quad so running a live test trade {image}
No signs yet of who is running this pair for a longer term TP.
All the best for the live test run.
Masterrmind............
Master your Mind then Master your Trades
- #685
- Jul 11, 2017 8:38pm Jul 11, 2017 8:38pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
QUAD LONGs AUDCHF {image} CADCHF {image} CADJPY {image} NZDCHF {image} USDCHF {image} USDJPY {image} QUAD SHORTs EURUSD {image} GBPUSD {image} Do the analysis, gather up as much confluence as possible and apply sound risk and trade management and reap the pips ! Masterrmind............
Not sure what the D1 candle issue was yesterday on one of my brokers platforms.
But these pairs do not show D1 completed Quads as per screenshots taken yesterday.
Look at the charts of EU and GU today which indicate opposite colored D1 candles.
EURUSD
GBPUSD
A good reason to always double check with say another brokers D1 symbol data for comparison sake.
After several data sources were checked it appears that the completed Quads on EURUSD and GBPUSD were in fact not valid.
ps. Hopefully no trader is disadvantaged by this error.
Masterrmind............
Master your Mind then Master your Trades
{quote} I'm sure there were other traders who might have taken the previous Quad Long on USDCHF. No signs yet of who is running this pair for a longer term TP. All the best for the live test run. Masterrmind............
Do you think it is the correct? Or in case of a new quad happens after the entry, do you think I should update the trade conditions moving the stop loss?
- #688
- Jul 12, 2017 8:17am Jul 12, 2017 8:17am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Yes, I am long from the previous quad...I did not like the candle of yesterday, but patience is the key and I did not changed anything in the trade and even though price made a new quad, I kept the stop at the same level I put earlier.... Do you think it is the correct? Or in case of a new quad happens after the entry, do you think I should update the trade conditions moving the stop loss? {image}
Allow the trade plenty of breathing space by not looking to lock in at BE until at least the next MML level up.
This is also in confluence with chart structure meaning a possible zone for at least some reversal in price.
If you find a strong valid reason to adjust your SL before price hits the next MML up then do so otherwise let it play out.
Masterrmind............
Master your Mind then Master your Trades
{quote} If your bias on this pair is still to the long side then no need to change anything. Allow the trade plenty of breathing space by not looking to lock in at BE until at least the next MML level up. This is also in confluence with chart structure meaning a possible zone for at least some reversal in price. If you find a strong valid reason to adjust your SL before price hits the next MML up then do so otherwise let it play out. Masterrmind............
The trade has been opened because of the QUAD at interesting area of MML
I usually have a look at the harmonic structure and at the strenght of the movement...in this case, I realized that the last down movements are less deeply than the previous. Indeed the retracements are bigger. So, the combination of the QUAD/MML with the loosing of strenght, made me decide for a long trade. I am aware that the down trend can resume but it is the risk of the trading...A good sign would be if the price makes a new high above the MML 0 because it would be a good sign from a change of direction. For this reason I agree with you and if I will have the chance, i will move to BE...let's see.... I just wanted to clarify why I opened the long trade
If you Masterrmind or even other followers of this thread think there is something wrong on my considerations, I would be very happy to receive your comments. I am sure that receiving other point of view is the best way to improve
- #692
- Jul 12, 2017 3:21pm Jul 12, 2017 3:21pm
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
- #693
- Jul 12, 2017 8:46pm Jul 12, 2017 8:46pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Not sure about any of this Harmonic stuff but as you know I am in the same trade at a little higher price than you, my simple view is that the areas above and below 0/8ths & 8/8ths are testing areas for the trend it might test and carry on or indeed as we both want reverse, all we have done is take a view it will reverse and added our money to the battle, I am now going off this idea and favour watching the battle from the side lines and than hopefully hopping onto the same side as the winner, tried this idea in the post above but admit...
I've applied them effectively on as low a TF as M1 with M5 very common for my intraday trading activities on other methodologies.
Just focus on the 1 to 1 completions of ABCD or AB=CD legs (to the upside or downside) on any given TF however in this thread mostly D1.
The main difference between the ABCD and the AB=CD is simply a 61.8 fibonacci retracement.
Price moves from A to B then pulls back to C by a 61.8 retracement then price continues to D.
AB pips = CD pips for a 1 to 1 completion.
At the end of the 1 to 1 completion at Point D we are expecting price to reverse by a 61.8 retracement of the whole AD move.
A very simple observation of PA tendencies in most market conditions however, these occur all over the place all the time.
Masterrmind............
Master your Mind then Master your Trades
- #694
- Jul 12, 2017 9:18pm Jul 12, 2017 9:18pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Watchlist (just a few examples provided)
QUAD
AUDJPY (careful)
CADCHF
NZDJPY
MML
EURJPY
EURGBP
NZDCAD
USDCHF
JPN225
QUAD-MML
CADJPY
USDJPY
Note: Be sure to check your own charts for confirmation of these patterns.
Masterrmind..............
QUAD
AUDJPY (careful)
CADCHF
NZDJPY
MML
EURJPY
EURGBP
NZDCAD
USDCHF
JPN225
QUAD-MML
CADJPY
USDJPY
Note: Be sure to check your own charts for confirmation of these patterns.
Masterrmind..............
Master your Mind then Master your Trades
- #695
- Jul 12, 2017 9:25pm Jul 12, 2017 9:25pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Keep a close watch on the following pair.
USDCAD
Look for bullish sentiment if going long.
Look for continued bearish sentiment if trading it down into the lower extreme MML zones.
Observation only at this stage but that long ranging candle (D1) striking the 0/8 MML is very interesting but I now want to see some bullish intention since ultimately my bias is to the long side but how far down it can go is yet to be seen.
Masterrmind...........
USDCAD
Look for bullish sentiment if going long.
Look for continued bearish sentiment if trading it down into the lower extreme MML zones.
Observation only at this stage but that long ranging candle (D1) striking the 0/8 MML is very interesting but I now want to see some bullish intention since ultimately my bias is to the long side but how far down it can go is yet to be seen.
Masterrmind...........
Master your Mind then Master your Trades
- #696
- Jul 12, 2017 9:47pm Jul 12, 2017 9:47pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
QUAD-MML DASHBOARD
In the background I have been slowly working on a complete functioning dashboard for the QUAD-MML System.
Once completed the dashboard will allow for a much faster process of identifying potential trade setups for Quad, MML or QUAD-MML.
It will not replace the traders decision making processes as per Post 1 but it will expedite the process.
Ranger_lp has kindly provided the initial source file to me but has requested not to forward it on so I will only be posting the ex4 file to this thread.
I will now code all the additional components such as MML calculations, QUAD-MML confluence and other features as deemed appropriate.
Initial setup currently appears as per screenshot below:
The final version might be far different from this one.
It may also include more than 1 dashboard based on how busy the 1 chart appears for forex, cfds, indices and soft and hard commodities.
About 70-80 symbols is about the most I wish to display on the same chart.
This dash may take weeks to complete since I have limited time to work on it but it will be completed.
When it is completed I will post it here.
Good trading,
Masterrmind...........
In the background I have been slowly working on a complete functioning dashboard for the QUAD-MML System.
Once completed the dashboard will allow for a much faster process of identifying potential trade setups for Quad, MML or QUAD-MML.
It will not replace the traders decision making processes as per Post 1 but it will expedite the process.
Ranger_lp has kindly provided the initial source file to me but has requested not to forward it on so I will only be posting the ex4 file to this thread.
I will now code all the additional components such as MML calculations, QUAD-MML confluence and other features as deemed appropriate.
Initial setup currently appears as per screenshot below:
The final version might be far different from this one.
It may also include more than 1 dashboard based on how busy the 1 chart appears for forex, cfds, indices and soft and hard commodities.
About 70-80 symbols is about the most I wish to display on the same chart.
This dash may take weeks to complete since I have limited time to work on it but it will be completed.
When it is completed I will post it here.
Good trading,
Masterrmind...........
Master your Mind then Master your Trades
