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Quad Candle System

  • #1,881
  • Nov 27, 2017 4:28am Nov 27, 2017 4:28am
Quoting OAPDave
{quote} No Target, just hoping to get into a position to trail a sensible stop loss then just get taken out ?, I will look at your other question but have to pop out for a short time, so give you my thoughts in a while ?
Yes great response OAPDave.

Milk it for what its worth.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,882
  • Nov 27, 2017 4:46am Nov 27, 2017 4:46am
Thinking the same for this one,? horizontal lines look OK, once you have something on the hook who knows ? get it to breakeven then look for another trade ?
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  • #1,883
  • Nov 27, 2017 5:17am Nov 27, 2017 5:17am
just 2 cheers
  • #1,884
  • Nov 27, 2017 5:40am Nov 27, 2017 5:40am
Yer great thanks loads :-)
  • #1,885
  • Nov 27, 2017 11:06pm Nov 27, 2017 11:06pm
Quoting OAPDave
Thinking the same for this one,? horizontal lines look OK, once you have something on the hook who knows ? get it to breakeven then look for another trade ? {image}
GN

A short entry I took yesterday.
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Masterrmind...........
Master your Mind then Master your Trades
  • #1,886
  • Nov 27, 2017 11:12pm Nov 27, 2017 11:12pm
Quoting OAPDave
Thinking the same for this one,? horizontal lines look OK, once you have something on the hook who knows ? get it to breakeven then look for another trade ? {image}
EN

1 loser
2 winners
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Masterrmind...........
Master your Mind then Master your Trades
  • #1,887
  • Nov 29, 2017 4:05am Nov 29, 2017 4:05am
Hello Sirs,
Dear Mastermind
May I have your idea about EUR-AUD ?
Regards,
Alireza
  • #1,888
  • Nov 29, 2017 6:33am Nov 29, 2017 6:33am
Quoting arshirali
Hello Sirs, Dear Mastermind May I have your idea about EUR-AUD ? Regards, Alireza
EA

AUD weakness of late.
EUR regained plenty of strength.

Opportunity to go long now or wait to go short up higher.

If bias is long enter at market SL below 1.55 handle and TP @ 1.58660.

If bias short enter @ 1.57500, SL above 1.59500 and TP @ 1.51500

For shorter term or intraday entries keep the stops short (1 octive on an M15 64/60 tpl) and at least 1 to 1 on the SL:TP ratio.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,889
  • Nov 29, 2017 6:35am Nov 29, 2017 6:35am
Quoting OAPDave
{quote} Over what time perspective ? what are your own thoughts ? , Think Masterrmind in the time zone he is in might be ready to retire for the day now ? {image} {image} {image}
Yes I'm off to sleep !

Good trading to you all.

Be back tomorrow.

Always manage the risk ... the risk !

ps. those xard charts are blinding me my friend ... ha ha ha ....

Masterrmind.............
Master your Mind then Master your Trades
  • #1,890
  • Nov 29, 2017 6:47am Nov 29, 2017 6:47am
Quoting arshirali
Hello Sirs, Dear Mastermind May I have your idea about EUR-AUD ? Regards, Alireza
EA

Here you go clearly I'm looking for price to push up a bit higher and then short it back down.

No guarantees at all that this will unfold but I've given myself a 200 pip stop with close to a 7% risk on an assigned 10%ish limit.

Price could roll over nearer the recent highs meaning the short entry could be missed but do you think I care ...
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ps. it is a D1 Quad short in the extreme MML but I'm after a better potential price hence the Sell Limit higher up the chart.
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pps. with MML it makes things rather clear does it not !!

Masterrmind...........
Master your Mind then Master your Trades
  • #1,891
  • Nov 29, 2017 9:26am Nov 29, 2017 9:26am
Dear Mastermind,
Thanks for your suggestions.
I agree with you for EA.
Your MML system is very nice.
Regards,
Alireza
  • #1,892
  • Nov 30, 2017 1:44am Nov 30, 2017 1:44am
Quoting arshirali
Dear Mastermind, Thanks for your suggestions. I agree with you for EA. Your MML system is very nice. Regards, Alireza
Yes but try to keep to the D1 Quad-MML approach.

The intraday MML can also be traded but its more riskier with a lot of hit and miss trades as new MML grids get reset when price rapidly breaches the extremes.

You will have plenty of successful trades using the higher TFs such as D1, then use a W1 as a potential guide for your TP.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #1,893
  • Nov 30, 2017 7:04pm Nov 30, 2017 7:04pm
Challenge 1 - End of November results

Key account results are as follows:

1. Monthly Profit was US$2384.97 (<4K needed to remain in Challenge 1)
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2. Monthly return (myfxbook) was 11.9%
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3. DD exceeded the challenge maximum of 20% (therefore account is eliminated from further participation in Challenge 1)
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Some other myfxbook trading statistics are as follows:

Trade Summary
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Daily (winners Vs losers)
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Risk of Ruin
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Note 1: the account currently carries some floating loss and therefore DD so it will continue to be traded via a gradual recovery strategy.

Note 2: since the account has not met the challenge 1 progression rules (4K gain @ <20%DD) it is officially eliminated.

Note 3: the said account will no longer be provided with any additional commentary.

Note 4: Challenge 2 is being developed so keep a watch out for it noting that it will only be trading the D1 Quad-MML Strategy in strict mode !

Masterrmind..............
Master your Mind then Master your Trades
  • #1,894
  • Dec 1, 2017 1:55am Dec 1, 2017 1:55am
Quoting Masterrmind
{quote} EA Here you go clearly I'm looking for price to push up a bit higher and then short it back down. No guarantees at all that this will unfold but I've given myself a 200 pip stop with close to a 7% risk on an assigned 10%ish limit. Price could roll over nearer the recent highs meaning the short entry could be missed but do you think I care ... {image} ps. it is a D1 Quad short in the extreme MML but I'm after a better potential price hence the Sell Limit higher up the chart. {image} pps. with MML it makes things rather clear does it not !!...
EA

My before the fact Sell Limit order has now hit the market !

Professional entry type setup.
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Do not be concerned about TP level since its highly likely I will close it out very soon being the last trading day of the week !!

Masterrmind............
Master your Mind then Master your Trades
  • #1,895
  • Dec 1, 2017 2:03am Dec 1, 2017 2:03am
Quoting Masterrmind
{quote} EA My before the fact Sell Limit order has now hit the market ! Professional entry type setup. {image} Do not be concerned about TP level since its highly likely I will close it out very soon being the last trading day of the week !! Masterrmind............
EA

SL at BE+pips
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PA to be monitored and I will close it out sooner rather than later.

Following PA on an M15 and down as low as an M5 chart for hidden detail in the order flow.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,896
  • Dec 1, 2017 2:13am Dec 1, 2017 2:13am
Quoting Masterrmind
{quote} EA SL at BE+pips {image} PA to be monitored and I will close it out sooner rather than later. Following PA on an M15 and down as low as an M5 chart for hidden detail in the order flow. Masterrmind.............
EA

+53.4 pips
Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #1,897
  • Dec 1, 2017 2:25am Dec 1, 2017 2:25am
Quoting Masterrmind
{quote} EA +53.4 pips {image} Masterrmind............
Great trade, your thread, your rules hint taken, post removed,
  • #1,898
  • Dec 1, 2017 4:24am Dec 1, 2017 4:24am
Quoting OAPDave
{quote} Great trade, your thread, your rules hint taken, post removed,
All good my friend.

Rather quiet around here I must say but getting used to it.

Masterrmind............
Master your Mind then Master your Trades
  • #1,899
  • Dec 1, 2017 4:34am Dec 1, 2017 4:34am
Dear Mastermind,
Your system is great.
I will wait more.
Regards,
Alireza
  • #1,900
  • Edited 5:15am Dec 1, 2017 4:53am | Edited 5:15am
Quoting Masterrmind
{quote} All good my friend. Rather quiet around here I must say but getting used to it. Masterrmind............
Thank you, appreciate that. Think if you made a million £ in a day no one would be interested, geez there must by some good trading methods out there. Still in this one, think its a bit of paint by numbers, on the plus side it as a positive swap
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