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Quad Candle System

  • #1,501
  • Oct 4, 2017 2:40pm Oct 4, 2017 2:40pm
Quoting Eldero
GBP-AUD I open a trade short Not exactly a quad, but almost a perfect one at interesting MML 0/8 - +1/8 After a completion 1 to 1, price retraced 61,8% Price made a triple high and now it seems pointing south The swap is in my favour. It's not a must for me, but better than a negative swap I placed the stop loss at the middle of +1/8 and +2/8 ( 318 pips ). GBP-AUD is a volatile cross, so a bit of space is necessary. It is more than the ADR x2 and more than 2,5 octive My target is 1,57 ( 1250 pips ). Very ambitious It is a bit risky trade, because...
According to my wish of adding positions early in the trade, I added a position moving the stops at 1,7065 (approx 200 pips from rhe current price ). Yes, it is risky, but my intention is to add the first three positions as soon as possible. I am now writing from my phone. Tomorrow, I will add the chart
  • #1,502
  • Oct 4, 2017 2:49pm Oct 4, 2017 2:49pm
Lots of courage, Eldero. I would worry that the price will stall near current levels at the 6/8 MML currently 10 pips under current price.

However, price pierced 6/8 on Sept. 20. I think the second time over it will continue.

FS
  • #1,503
  • Oct 4, 2017 3:06pm Oct 4, 2017 3:06pm
For those who might be interested these seem worth watching:

CdCf. has been up to >+1/8. Entry short somewhere but price currently rising.

EG. not in long but probably should be already.

GN. has recently exceeded +1/8 but currently drifting between 6/8 and +1/8 . . . next direction down or . . .

UJ. beyond 8/8 but hasn't taken out recent high midway to +1/8. candidate to short


I just do not see confluence on any of these at the moment. Several worth watching, though. Maybe ECd, too. Price down to nearly -2/8 bounced up to 1/8 and now languishing around 0/8. Up at 38.2 fib from last high after hitting 50.0. Pin pointing up 3 days ago. Too low to trade down from here, so watch possible up move. Finishing a small up day in one hour.

Other opinions welcome.
  • #1,504
  • Oct 4, 2017 4:02pm Oct 4, 2017 4:02pm
I'd like to download the latest version of the system (indicators and template)... where can i find it?
  • #1,505
  • Oct 4, 2017 4:20pm Oct 4, 2017 4:20pm
Sorry to say Joseph that they were found at post 1 until very recently. Not sure why Masterrmind would remove those but may have. Perhaps Eldero has a good idea on this one since I think he is using the Masterrmind template, which I am not.

However, all you really need is a Murrey Math Line download (find under the paper clip setting), there are several out there and all should give equal octaves. Add to that ADR. Set things for D1 (1440) and P=64 on the MML set up.

Masterrmind wouldn't stand for any lagging indicators, and they won't help you use MML-Quad candles.

All of the excellent content of the site is still here, so you could benefit from all the thinking previously offered.

FS
  • #1,506
  • Oct 5, 2017 2:43am Oct 5, 2017 2:43am
Quoting Eldero
{quote} According to my wish of adding positions early in the trade, I added a position moving the stops at 1,7065 (approx 200 pips from rhe current price ). Yes, it is risky, but my intention is to add the first three positions as soon as possible. I am now writing from my phone. Tomorrow, I will add the chart
GBP-AUD
Today after I saw the price going up but then returned to the down side, I opened the third position
Very very aggressive method, but, I would like to take advantage of this moment where it seems that sellers are in control
Due to my intention to not increase the risk, I moved the stop losses at 1,7015. total risk is 389 pips and the stop is placed at approx 180 pips from the current price, between 7/8 and 8/8 MML.
I am well aware that for a cross like GBP-AUD 180 pips is not the ideal space but the trade off is the possibility to run the possible down trend with multiple positions.
My plan, is to reconsider the stop loss for each position is the today candle will be a bearish one
Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 68 KB
  • #1,507
  • Oct 5, 2017 2:49am Oct 5, 2017 2:49am
Quoting Eldero
GBP-CHF I have two open trades short The first one has been open the 25 Sep, when after a big bearish cande of the day before I saw that the tentative to go up failed and that a quad bearish was forming at the 8/8 MML It was an early entry. I don't know if it was totally correct ( maybe it is better to wait for the candle close ). This time it paid The second entry was at the close of the same candle It confirmed the quad and also closed below the minimum of the previous day It made me decide for an aggressive second position After that, since I...
GBP-CHF update
Today it seems price is going down. If the price will do a new low under 1.2842 and the candle of today will be a bearish candle, I will not add any position because my target is pretty close to the current price, but I would move the stop above the today candle
Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 68 KB
  • #1,508
  • Oct 5, 2017 2:54am Oct 5, 2017 2:54am
Quoting Joseph95
I'd like to download the latest version of the system (indicators and template)... where can i find it?
Ciao Giuseppe,
I use this version. Hope it is what you are looking for
Attached File(s)
File Type: zip QUAD-MML VERSION 4.zip   336 KB | 487 downloads
  • #1,509
  • Oct 5, 2017 3:55pm Oct 5, 2017 3:55pm
Quoting Eldero
{quote} GBP-CHF update Today it seems price is going down. If the price will do a new low under 1.2842 and the candle of today will be a bearish candle, I will not add any position because my target is pretty close to the current price, but I would move the stop above the today candle Let's see {image}
It happened and I moved the stop at 1.2925 securing 250 pips
  • #1,510
  • Oct 5, 2017 5:26pm Oct 5, 2017 5:26pm
Quoting Eldero
{quote} Ciao Giuseppe, I use this version. Hope it is what you are looking for {file}
Thank you very much!!

Just "playing" with charts... the power of trendlines + quads and MM

What a missed opportunity...!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.png Size: 171 KB
  • #1,511
  • Oct 6, 2017 12:46am Oct 6, 2017 12:46am
Quoting Joseph95
{quote} Thank you very much!! Just "playing" with charts... the power of trendlines + quads and MM What a missed opportunity...!!!! {image}
Ciao Joseph, I think your trendline is not correct. I will try to explain better later with chart examples...now I am writing by phone...
  • #1,512
  • Oct 6, 2017 2:13am Oct 6, 2017 2:13am
HI guys,

today with Quad Candle System on D1 I see this currency for long EuroCad. Please wait for close on previous candle and best entry is when it goes through 1/8 MML.
Attached Image (click to enlarge)
Click to Enlarge Name: eurocad.JPG Size: 201 KB

I do not see further entries on other currencies on D1 Timeframe.

Have happy pips,
Hoschie
  • #1,513
  • Oct 6, 2017 2:32am Oct 6, 2017 2:32am
Quoting Joseph95
{quote} Thank you very much!! Just "playing" with charts... the power of trendlines + quads and MM What a missed opportunity...!!!! {image}
It seems to me that the chart you posted USD-CHF shows mostly static support/resistance ( orizontal lines )
If I should draw trend lines, I would do like the posted chart

I am also posting another chart where you can see a good example
It is GBP-AUD ( weekly )
Let's see how the price reacted at the third thouch ( in this days )
If you then go to the daily chart, you will see that it formed almost( it is not a prefect one) quad
For now it is working. However, a bit early to say it is a winning trade
Let's see

P.S.: Sorry I updated the wrong file...now I am attaching USD-CHF ( the rght one )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDWeekly.png Size: 62 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 64 KB
Click to Enlarge Name: USDCHFDaily.png Size: 61 KB
  • #1,514
  • Oct 6, 2017 2:44am Oct 6, 2017 2:44am
Quoting Eldero
{quote} It happened and I moved the stop at 1.2925 securing 250 pips
GBP-CHF
I am seriously thinking to close the trade

Today is Friday
In 5 hours NFP will be released
My target is at 100 pips from now ( with two positions it means 200 pips )

If price goes down making a new low, I will close the positions or will trail stop loss very close to the price cancelling the take profit

Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 67 KB
  • #1,515
  • Oct 6, 2017 2:51am Oct 6, 2017 2:51am
Ciao Eldero,

Gbpchf can go to 4/8 mml but you are right. Today is Friday NFP is coming etc... I closed for instance my aussie short trades this morning.


Have a nice day.
Hoschie
  • #1,516
  • Oct 6, 2017 2:51am Oct 6, 2017 2:51am
Only note:

ADR shows some potential as well on Gbpchf but follow your plan.
  • #1,517
  • Oct 6, 2017 3:19am Oct 6, 2017 3:19am
Quoting Hoschie
HI guys, today with Quad Candle System on D1 I see this currency for long EuroCad. Please wait for close on previous candle and best entry is when it goes through 1/8 MML. {image} I do not see further entries on other currencies on D1 Timeframe. Have happy pips, Hoschie
Hi Hoschie,

I think it could be a nice opportunity
I see a double low at the -1/8 MML ( good sign )
A nice quad is formed

The doubt I have is that the up movement from the double low, could be a retracement of the last swing low
I indicated on the chart the sequence of high/low to explaining what I am meaning

Have a nice day!!!

P.S.: Sorry, in the chart there there are shown the Sunday candles ( they should not be in the chart )
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 79 KB
  • #1,518
  • Oct 6, 2017 5:21am Oct 6, 2017 5:21am
Quoting Eldero
{quote} GBP-AUD Today after I saw the price going up but then returned to the down side, I opened the third position Very very aggressive method, but, I would like to take advantage of this moment where it seems that sellers are in control Due to my intention to not increase the risk, I moved the stop losses at 1,7015. total risk is 389 pips and the stop is placed at approx 180 pips from the current price, between 7/8 and 8/8 MML. I am well aware that for a cross like GBP-AUD 180 pips is not the ideal space but the trade off is the possibility to...
GBP-AUD
Friday and red news arriving...it's no time to risk anymore
I think GBP-AUD is a good opportunity for a long trade and my wish is to run it with multiple positions
After I saw a good momentum, I opened two additional positions after my first one between the 4th and 5th Oct.
To be honest, i think that I was too aggressive. This time, things went well, but I am not sure to have handled the trade in the right way
At this point, I want to be wise and try to correct my trade
For this reason, I closed a position with 53 pips profit
I put the stop of the first position at BE ( 155 pips from now ) and the second position at -53 pips ( the gain of the closed position. Stop now is at approx 120 pips )
Both stops are placed a bit too close to the current price. I know it
But, I am happy to be in this trade with no risk
Next week, hoping to have the positions still alive, I will try to add positions if there will be the possibility
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 58 KB
  • #1,519
  • Oct 6, 2017 5:28am Oct 6, 2017 5:28am
HI Eldero,

why are you thinking it is a good opportunity fo long? This is not Quad Candle approach from Masterrmind? I do not see on Daily Timeframe any long chances? At the moment we arrived on Daily Demand Zone. We need a consolidation away for any long Trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.JPG Size: 237 KB
  • #1,520
  • Oct 6, 2017 5:39am Oct 6, 2017 5:39am
Quoting Eldero
{quote} GBP-CHF I am seriously thinking to close the trade Today is Friday In 5 hours NFP will be released My target is at 100 pips from now ( with two positions it means 200 pips ) If price goes down making a new low, I will close the positions or will trail stop loss very close to the price cancelling the take profit Let's see {image}
GBP-CHF
Closed the trade with +505 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 64 KB
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