"Primary focus should be on mastering the D1 Quad Candle System because its a 'safer' trading method in general."
Hi Masterrmind, I do prefer the Daily charts, but I admit I am somewhat, spooked by the size of stoploss. Why do you call it safer? Is it because the signals are more accurate, hence it seldoms reverses back and causes huge drawdown? How do you set your stoploss levels? Do you set them at the peak of your Quad Signals, eg in a long, two red candles, two green, we go long and set stoploss at the lowest low of the previous 4 candles? I know you TP when we get 2 red candles in a row when we go long and vice versa in shorts.
And how exactly do we enter trades in the Daily charts, do we enter at the close of the Quad Candles or at the break of the high of the Quad candles? Thank you so much in advance, I wish I came across this tread much, much earlier!
Hi Masterrmind, I do prefer the Daily charts, but I admit I am somewhat, spooked by the size of stoploss. Why do you call it safer? Is it because the signals are more accurate, hence it seldoms reverses back and causes huge drawdown? How do you set your stoploss levels? Do you set them at the peak of your Quad Signals, eg in a long, two red candles, two green, we go long and set stoploss at the lowest low of the previous 4 candles? I know you TP when we get 2 red candles in a row when we go long and vice versa in shorts.
And how exactly do we enter trades in the Daily charts, do we enter at the close of the Quad Candles or at the break of the high of the Quad candles? Thank you so much in advance, I wish I came across this tread much, much earlier!