Quad Candle System

Quoting Masterrmind

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{quote} Perhaps a 'better' location for the UJ stop would be mid point between +1/8 MML and +2/8 MML which ofcourse is just above the recent structure high. This needs to fit with your assigned risk%. I would monitor the PA on the D1 charts and wait for it to unfold if deciding to 'widen' the stops. I'm assuming that you have no preference of moving your stop up the chart. Masterrmind............

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Quoting DerBerliner

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@Eldero I see in your post #1660 above the picture, but although I understand the use of the buy-QUAD it's not clear for me why you entered ? It seems you use the 4/4 MM line - right ? But as I remember + plus following my own experience it's very risky to use this "pivot" line - sometimes working but sometimes not. I enter trades only in ranges above the upper (SELL) resp. under (BUY) the blue "8"-lines, they are a more reliable "indicator" for safer entries. Just my 2 cents.

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Quoting Eldero

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{quote} It would be the most logical area to place the stop and it eas exactly where I put the stop when I opened the first position. Then adding positions I had to lower the stop to not increase the risk. It is the difficult to find the balance within the right place for the stop and multiple positions. My first rule is to not risk more than I wanted with my first position ( a bit more is ok but not much more ). Thank you for your opinion. Much appreciated

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Quoting Masterrmind

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Quad Entries GBPUSD [D1; 64] = short from 4/8 MML, riskier entry (+ve Swap to the short side) XNGUSD [D1; 64] = short after rejection of extreme MML zone (+ Swap to the short side) Masterrmind ............

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Quoting OAPDave

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{quote} Get the chartshift of the MM8 and it could be all systems go ? {image} {image}

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Quoting Masterrmind

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{quote} All I want is for price to remain under 133.500 and its a reasonable trade. Plenty of uncertainties surrounding the Cable but some renewed USD strength of late. Plenty of water to flow under the bridge yet but lets see. Masterrmind............

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Quoting Eldero

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{quote} To me, it is very incert how the chart can evolve There is a long quad a few days ago and now a short quad. The daily chart structure makes me thinking that a new high should happen, but of course the high/low sequence sooner or later changes...maybe how the price will react at the trend lines I draw in the chart can indicate something more {image}

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Quoting Eldero

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{quote} To me, it is very incert how the chart can evolve There is a long quad a few days ago and now a short quad. The daily chart structure makes me thinking that a new high should happen, but of course the high/low sequence sooner or later changes...maybe how the price will react at the trend lines I draw in the chart can indicate something more {image}

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Quoting OAPDave

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{quote} Risk 61 pips for a clue ? {image}

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Quoting Masterrmind

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{quote} Could be a good reason to stay out of the pair with conflicting Quads especially in and around the 4/8 MML central pivot. However, I'm short only 5 micro lots on the current account so its hardly a risky situation. Favorable progress and I'll add to my short in a Progressive Lot Sequence (PLS) such as 0.05, 0.1, 0.2 and 0.3 lots. Unfavorable progress and I'll add to my short in a Constant Lot Sequence (CLS) such as 0.05, 0.05, 0.05 and 0.05 lots. All depends on the PA and the MML relationships all the while keeping well under my assigned...

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Quoting Eldero

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{quote} I am very curious to understand PLS and CLS...now I have not time to search and understand how they work, but as soon as I have time, I will surely do it

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Quoting Eldero

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{quote} Why not...it could be a good way to approach this situation...I am already in the trade because of the long quad. My entry was based in other parameters. The mml was a part of them but not the main one. For this reason my stop is placed pretty lower than the white box, but I understand your way to see the chart keeping a limited risk

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Quoting OAPDave

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{quote} So how do you view my post 1668 showing a Daily with a MM8 ? I will show it again ? {image}

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Quoting Eldero

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{quote} I am in the trade with a long position and am expecting a new high. The chart however shows a short quad and a recent down momentum, so both bullish or bearish view have own reason. If someone not already in the trade wishes to go in, with a limited risk, could consider to see how price react at the 4MML. So, your way to take action in the proximity of MMl drawing the white box and waiting for the price to break it, placing the stop at the opposite side, would be a solution. Low risk trade are always welcome If I was outside, in this specific...

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Quoting Masterrmind

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USDCAD [M15/M5 MML] Now Long. Masterrmind.............

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