Quad Candle System

Quoting Masterrmind

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{quote} So the options setup awaits you. UJ Assuming longer term resistance levels hold firm at or about the 114 to 116 zone. Then in 3 months time price could head down to the 106.250 level. Ofcourse as the year end fast approaches the participation in the market reduces rather sharply. EU Weekly chart showing approximate 3 monthly ranges commencing January 2017 {image} Monthly Chart showing monthly pip ranges {image} How are you likely to play the option setup for EU and UJ given the information I have provided from the past few posts ? Masterrmind..............

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Quoting simnz

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{quote} This information is good. also need monthly pip range for UJ. Options market becomes active around 12.30 pm eastern time. So I will post two scenarios - one for just buying options and another for just selling Spreads (strangle mainly) .

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Quoting OAPDave

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Charts courtesy of Xard777 GbpUsd is trading in tight range this week, range expansion due ? {image} {image}

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Quoting Eldero

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{quote} Hi OAPDave, In the last five weeks, the price is moving between the previous weekly candle I think a break down ( more probable ) or up will give the start to a trend {image}

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Quoting OAPDave

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Charts courtesy of Xard777 GbpUsd is trading in tight range this week, range expansion due ? {image} {image}

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Quoting Eldero

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EUR-JPY I am short Montly chart: Retracemente at 61,8% fibo where price seems have lost strenght Weekly chart: Double high at an interested key level where price reacted several times Daily chart: two bearish quad and now seems it could close below a level tested several times in the recent past I don't know what price will do in the next days, but this is the situation I am looking for Let's see {image} {image} {image}

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Quoting Masterrmind

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{quote} There are simply far too many competing factors in the market halting any type of a longer term trend on the cable. The obvious longer term direction is perhaps up but the difficult part is actually when to time it. Being onboard at that time would be more than nice. At the moment though I agree in your plan to simply look for scalping type trades with relatively smaller stops ofcourse. ps. I took a short GU scalp yesterday for about 10 pips at 1 lot but they all add up. Masterrmind.........

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Quoting OAPDave

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{quote} Yes in total agreement but to be honest its my mindset to scalp, just look at it as most pairs will move 100+ pips per day so by the time I am in front of my screen and the market as settled down maybe 50 as been used so if I can get at least 50% of the remaining 50 I give myself a pat on the back, now I have a good and quick setup I am happy with, big thanks to Xard777, I am looking at more pairs but to be honest meaning I am taking scalping signals only looking at majors or very tight spread pairs, My view I would rather add pips to my...

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Quoting Masterrmind

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{quote} Lets see how this turns out for you. A clear technically logical approach. The last week has certainly been a case where I have had to dig my challenge account out of the dust. Thats how it goes sometimes but I always focus on the goal abead and manage the risk. No pressure but going to be interesting attempting to cross the finish line with 20% gain by Nov end. Masterrmind............

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Quoting Eldero

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EUR-NZD Nice quad forme at interesting MML On the weekly chart a good cancle ( pinbar/shooting star ) is formed at a resistance level I am short with three positions with approx 400 pips ( total ). For this specific cross and with 3 positions is not enough I have however put all of the trades at be It is probable that a pull back will hit the stop losses but my first goal is to avoid losses Indeed if the trade will continue in the hoped direction, I will try to add positions My target is at approx 500 pips from the current price. So with 3 positions...

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Quoting OAPDave

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{quote} Thank you my friend for your replies and posts it would be great to see other guys more interest but it seems to have all dried up now, make of these charts what you will, I will most likely delete them in a couple of hrs {image} {image} {image}

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Quoting OAPDave

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Now 2 screenshot via Xards type charts, but hey no ones interested, let me know when you have seen enough and I will delete them {image} {image}

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Quoting Eldero

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{quote} I am sure the challenge is a good opportunity the learn something more. I am seeing your trades and try to understand something to improve Yes, good results are welcome and of course we hope to reach the target. But trading is a long run, a marathon and results should be analized after a longer period. During loosing periods, there is a lot of things to learn. And maybe the way how traders react to the losses is one of the main points that make a trader better than onother one. At this stage it is too early for definitive consideration,...

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Quoting failinforex

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You just reload your trade explorer only it get back to profit again.

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