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Quad Candle System

  • #1,921
  • Dec 11, 2017 12:40am Dec 11, 2017 12:40am
Quoting Charismatic
I'm really glad I stumble across this forum ,while doing some research. Great job.
Welcome.

This thread will now focus on the D1 Quad-MML System as it was initially intended.

I did introduce the intraday riskier type M15/M5 MML System so that shorter term trades could be applied in between the longer term D1 setups but perhaps it is better to leave it out of the main discussion here.

New Thread Possible to outline a new approach to trading the intraday M15/M5 MML System.

I am contemplating starting another thread dedicated to an almost mechanical type approach to the intraday M15/M5 MML System.

In fact the design is already complete and almost ready to post.

It is unique in that 3 sets of triangulated currency pairs are traded meaning 9 pairs in total.

It relies more on a smaller number of successful trades to derive net profit.

In fact only 2 trades out of 9 are needed to make a net positive gain from a triple triangulated setup.

The same M15/M5 MML System template will be applied with P=64, MMP=60 and StepBack=0.

Im calling this system 'M TTT M'

M TTT M = MML Triple Triangulation Trading Method

Perhaps a bit of a tongue twister but not that hard to trade after the basics are mastered.

An Expert Advisor could be coded to trade the method purely mechanically.

I'll be trading it 100% manual with very little discretion.

The reward to risk is favorable at 4 to 1 (this never changes).

An almost set and forget appoach to trading MML.

I will only be starting a new thread for the new system if I get plenty of interest otherwise it will remain site unseen.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,922
  • Edited 5:22pm Dec 12, 2017 4:29pm | Edited 5:22pm
Hi All,
Just came back from a christian retreat which explains why I have been absent since my last post.
Below are some QC setups which I think are worth dissecting.


AUDCAD
Pros - Quad Candle Long Pattern (QCLP) confirmed
Triggered By Long Term Support
Occurrence at a Low region on Chart (Not in the middle)
Cons - Setup Headed right into Strong Resistance (Maroon coloured rectangle) BUT it shows a strong close.
Suggestion: Maybe wait for minimum 50% retrace before entry.

AUDUSD
Pros - Confirmed QCLP
Triggered By Long Term Support
Low Region on Chart
Third Consecutive QCLP - which in my opinion makes this stronger as it shows the bulls are persistent

EURAUD
Pros - Confirmed QCSP
Occurrence at Extreme MML location which also means good structure Resistance
Second Occurrence within Extreme MML location
High Region on Chart
Strong close as opposed to previous QCSP

AUDCHF (I dont trade CHF pairs for now)
QCLP Confirmed
Second Formation within the first setup
Occurrence at 50% retrace of a long term Uptrend Since beginning of JUNE 2017
Location is at Middle of Chart Structure (Could be a disadvantage or advantage depending on how you view it. But in my opinion I think its a very good trade to take becuase of its fib confluence and longer term uptrend outlook).

These are just my opinions please feel free to correct them.
GBPAUD, GBPCAD already formed QCPatterns and have moved in favour of the patterns by one candle each so I decided not to add them.
Some others are still in the process of forming.

Thanks and have a great day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD_Daily.png Size: 72 KB
Click to Enlarge Name: AUDUSD_Daily.png Size: 65 KB
Click to Enlarge Name: EURAUD_Daily.png Size: 64 KB
  • #1,923
  • Dec 12, 2017 5:21pm Dec 12, 2017 5:21pm
Quoting Masterrmind
{quote} Welcome. This thread will now focus on the D1 Quad-MML System as it was initially intended. I did introduce the intraday riskier type M15/M5 MML System so that shorter term trades could be applied in between the longer term D1 setups but perhaps it is better to leave it out of the main discussion here. New Thread Possible to outline a new approach to trading the intraday M15/M5 MML System. I am contemplating starting another thread dedicated to an almost mechanical type approach to the intraday M15/M5 MML System. In fact the design is already...
If you don't open this new thread I know I will definitely have a grudge with you.
I hope thats enough to register my interest.
Great Job Man!
  • #1,924
  • Dec 13, 2017 8:51am Dec 13, 2017 8:51am
Quoting RapzyFX
Hi All, Just came back from a christian retreat which explains why I have been absent since my last post. Below are some QC setups which I think are worth dissecting. AUDCAD Pros - Quad Candle Long Pattern (QCLP) confirmed Triggered By Long Term Support Occurrence at a Low region on Chart (Not in the middle) Cons - Setup Headed right into Strong Resistance (Maroon coloured rectangle) BUT it shows a strong close. Suggestion: Maybe wait for minimum 50% retrace before entry. AUDUSD Pros - Confirmed QCLP Triggered By Long Term Support Low Region on...
Update On SetUps earlier posted:
All setups moving in accordance to QUAD Pattern Speculation.
Also worthy to note that moves were delayed until US CPI Data was released
I traded only the AUDUSD using this method.
Pls the designation for AUDCAD should read QCLP and not QCSP, my mistake.

I am trading the AUDUSD so will be monitoring this to see how far it goes while adding positions as I deem fit.
IN for the long haul if it moves that far.
Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADDaily QCSP.png Size: 72 KB
Click to Enlarge Name: AUDUSDDaily QCLP.png Size: 65 KB
Click to Enlarge Name: EURAUDDaily QCSP.png Size: 65 KB
  • #1,925
  • Dec 17, 2017 5:09pm Dec 17, 2017 5:09pm
Using Murrey FIXED number grid ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDSBDailyGrid.png Size: 123 KB
  • #1,926
  • Dec 17, 2017 5:44pm Dec 17, 2017 5:44pm
Another one ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDSBDaily.png Size: 101 KB
  • #1,927
  • Dec 17, 2017 10:39pm Dec 17, 2017 10:39pm
Quoting OAPDave
Another one ? {image}

Could you please share your indicators? Thanks
  • #1,928
  • Dec 17, 2017 11:04pm Dec 17, 2017 11:04pm
Quoting RapzyFX
{quote} If you don't open this new thread I know I will definitely have a grudge with you. I hope thats enough to register my interest. Great Job Man!
New thread about trading triangulated sets (TS's) on an MML Grid is in full swing.

Initially it will focus on M15 TF trading multiple pairs.

Later it will also trade higher TFs.

New thread is called M TTT M and you can find it over here:

https://www.forexfactory.com/showthread.php?t=722353

ps. the Quad Candle System will also continue but more aggressively from the early part of January 2018 when I unleash an account applying the D1 TF using Quad-MML as per Post 1 and not so much the intraday stuff.

Masterrmind..............
Master your Mind then Master your Trades
  • #1,929
  • Dec 18, 2017 5:39am Dec 18, 2017 5:39am
Quoting OAPDave
Same chart as above but just zoomed into 60mins {image}
Nice set of Charts OAPDave.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,930
  • Dec 18, 2017 7:19am Dec 18, 2017 7:19am
Quoting Masterrmind
{quote} New thread about trading triangulated sets (TS's) on an MML Grid is in full swing. Initially it will focus on M15 TF trading multiple pairs. Later it will also trade higher TFs. New thread is called M TTT M and you can find it over here: https://www.forexfactory.com/showthread.php?t=722353 ps. the Quad Candle System will also continue but more aggressively from the early part of January 2018 when I unleash an account applying the D1 TF using Quad-MML as per Post 1 and not so much the intraday stuff. Masterrmind.............. ...
Thanks for the link, found it and definitely looks very interesting.

Rapzy
  • #1,931
  • Dec 18, 2017 7:58am Dec 18, 2017 7:58am
Quoting RapzyFX
{quote} Thanks for the link, found it and definitely looks very interesting. Rapzy
Yes there is plenty of interest at the moment which is great.

I also have a demo account in action.

Masterrmind............
Master your Mind then Master your Trades
  • #1,932
  • Dec 18, 2017 8:02am Dec 18, 2017 8:02am
Quoting OAPDave
{quote} Your SET 3 on a Daily set to MM16 {image} {image} {image} {image} {image} {image} {image} {image} {image}
I can't wait to find out how many trades I lose...hihi

In the first few hours I had 3 losers for 1% loss each.

However, with the 4 to 1 R:r I'm quietly confident of at least being somewhat positive at the close of the trade setup.

9 entries made about London Open or near enough to that time.

No thought went into the setup except it followed the guidelines.

Masterrmind............
Master your Mind then Master your Trades
  • #1,933
  • Dec 20, 2017 11:00pm Dec 20, 2017 11:00pm
Quoting Masterrmind
{quote} I can't wait to find out how many trades I lose...hihi In the first few hours I had 3 losers for 1% loss each. However, with the 4 to 1 R:r I'm quietly confident of at least being somewhat positive at the close of the trade setup. 9 entries made about London Open or near enough to that time. No thought went into the setup except it followed the guidelines. Masterrmind............
Made 11% gain at only 2.99% DD on the first setup.

Masterrmind............
Master your Mind then Master your Trades
  • #1,934
  • Dec 20, 2017 11:07pm Dec 20, 2017 11:07pm
Quoting RapzyFX
Hi All, Just came back from a christian retreat which explains why I have been absent since my last post. Below are some QC setups which I think are worth dissecting. AUDCAD Pros - Quad Candle Long Pattern (QCLP) confirmed Triggered By Long Term Support Occurrence at a Low region on Chart (Not in the middle) Cons - Setup Headed right into Strong Resistance (Maroon coloured rectangle) BUT it shows a strong close. Suggestion: Maybe wait for minimum 50% retrace before entry. AUDUSD Pros - Confirmed QCLP Triggered By Long Term Support Low Region on...
Hopefully you stick around from say early next year.

As you may already know I will be trading the D1 Quad-MML Method with a transparent trading account right through the entire calendar year.

Over the next few weeks I will start posting Challenge 2 requirements.

I am also looking into using FXBlue as a basis for monitoring all accounts that join Challenge 2.

Keep a watch out for additional information to be posted here soon.

Masterrmind..............
Master your Mind then Master your Trades
  • #1,935
  • Dec 21, 2017 3:45am Dec 21, 2017 3:45am
Quoting OAPDave
Using Murrey FIXED number grid ? {image}
Hi Dave,

How do you get this Murrey Grid drawn on the charts? Is this an indicator?
  • #1,936
  • Dec 21, 2017 4:47am Dec 21, 2017 4:47am
We will take it step by step
Go into your Fib Tool and add and alter the levels as shown on screenshot
Then post a chart and we will move onto step 2
Do not worry what the numbers are just get the number of levels with the correct fraction added ( add %$ to the end of the line)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDSBDaily.png Size: 77 KB
  • #1,937
  • Dec 21, 2017 5:05am Dec 21, 2017 5:05am
Quoting OAPDave
We will take it step by step Go into your Fib Tool and add and alter the levels as shown on screenshot Then post a chart and we will move onto step 2 Do not worry what the numbers are just get the number of levels with the correct fraction added ( add %$ to the end of the line) {image}
Thanks for the quick response.

Pardon my ignorance! May be one step of yours is 10 for me. Can you please break it down. I put the Fib Retracement tool and this is what I get.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 50 KB
  • #1,938
  • Dec 21, 2017 5:16am Dec 21, 2017 5:16am
Quoting Tatachar
{quote} Thanks for the quick response. Pardon my ignorance! May be one step of yours is 10 for me. Can you please break it down. I put the Fib Retracement tool and this is what I get. {image}
OK now go to your Fib edit box and add and change levels
  • #1,939
  • Dec 21, 2017 6:03am Dec 21, 2017 6:03am
Quoting Tatachar
{quote} Thanks for the quick response. Pardon my ignorance! May be one step of yours is 10 for me. Can you please break it down. I put the Fib Retracement tool and this is what I get. {image}
To get the idea have a look at the video on page 94 post 1871 that shows you how to draw it, all we are going to do is use fixed points and levels by using our Fib tool and Cycle finder lines
  • #1,940
  • Dec 21, 2017 6:05am Dec 21, 2017 6:05am
Quoting OAPDave
{quote} OK now go to your Fib edit box and add and change levels
Okay I have modified the levels to what is available with default Fib edit box.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
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