Quad Candle System | Page 100 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

quad core multiple CPU's, multiple MT4 sessions, Virtual Machine 53 replies

Attachments: Quad Candle System
Exit Attachments

Quad Candle System

  • #1,981
  • Jan 18, 2018 6:21am Jan 18, 2018 6:21am
Short Gold via D1 Quad at the 5/8 MML [MT4]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB

Short EURCHF via D1 Quad-MML extreme zone 8/8 to +1/8 MML [MT5]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 21 KB

Additional trades may be added into the cycle under favorable conditions and within risk limits.

Masterrmind.............
Master your Mind then Master your Trades
  • #1,982
  • Jan 18, 2018 4:10pm Jan 18, 2018 4:10pm
Quoting Masterrmind
Short Gold via D1 Quad at the 5/8 MML [MT4] {image} Short EURCHF via D1 Quad-MML extreme zone 8/8 to +1/8 MML [MT5] {image} Additional trades may be added into the cycle under favorable conditions and within risk limits. Masterrmind.............
My new work of art, Murrey 256 with fibs and a few extra lines ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHFSBDaily big.png Size: 97 KB
Click to Enlarge Name: EURCHFSBDaily.png Size: 91 KB
  • #1,983
  • Jan 18, 2018 5:26pm Jan 18, 2018 5:26pm
Quoting OAPDave
{quote} My new work of art, Murrey 256 with fibs and a few extra lines ? {image} {image}
Looking very good OAPDave.

How do you plan to play an entry ?

Masterrmind............
Master your Mind then Master your Trades
  • #1,984
  • Jan 18, 2018 6:03pm Jan 18, 2018 6:03pm
Quoting Masterrmind
Short Gold via D1 Quad at the 5/8 MML [MT4] {image} Short EURCHF via D1 Quad-MML extreme zone 8/8 to +1/8 MML [MT5] {image} Additional trades may be added into the cycle under favorable conditions and within risk limits. Masterrmind.............
EURCHF [MN; P=64]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB

The Monthly Chart can assist in forming reasonable projection targets for the TP level(s).

In this case being a short the entry was made close to the 8/8 MML (Monthly) and TP set at the 7/8 MML.

SL currently above the most recent monthly highs but does look small on the big monthly chart.

I do have plenty of room for movement of stops (if deemed necessary) since I can run DD to 29% limit (although this is not preferred!!).

Current risk is close to 2% for this 1 entry.

Additional entries if taken would be made from the D1 MML levels and based on other confluent factors (PA, psych level, Fib ratios, harmonics).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 87 KB

Note that the 1 octave gap on a Monthly chart (7/8 to 8/8) is similar to 8 octaves on a D1 chart (0/8 to 8/8) which is simply just dividing the 1 larger TF octave into 8 equal smaller octaves.

This is longer term 'controlled' HTF trading so we need to allow the trades to play out over time (weeks into possible months).
The annual return with respect to the maximum DD% across the account over all time is a key consideration.

A part of the trading plan is to enter small positions initially and then add in more as opportunity presents itself (favorable PA) all the while monitoring DD.

Masterrmind.........
Master your Mind then Master your Trades
  • #1,985
  • Jan 19, 2018 12:33am Jan 19, 2018 12:33am
Just playing with this idea, dropping down timeframes to fine tune an entry !
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFM15c.png Size: 118 KB
  • #1,986
  • Jan 19, 2018 5:21am Jan 19, 2018 5:21am
Quoting OAPDave
Just playing with this idea, dropping down timeframes to fine tune an entry ! {image}
I look forward to the entry when it arrives.

I'm in short but PA moving against me temporarily.

Still it is very early days.

Lets see what the following week brings.

Masterrmind............
Master your Mind then Master your Trades
  • #1,987
  • Jan 23, 2018 8:47pm Jan 23, 2018 8:47pm
Quoting Masterrmind
Short Gold via D1 Quad at the 5/8 MML [MT4] {image} Short EURCHF via D1 Quad-MML extreme zone 8/8 to +1/8 MML [MT5] {image} Additional trades may be added into the cycle under favorable conditions and within risk limits. Masterrmind.............
Gold [MT4]

Trade 2 has now been entered.

Masterrmind..........
Master your Mind then Master your Trades
  • #1,988
  • Jan 23, 2018 9:04pm Jan 23, 2018 9:04pm
EURCHF cycle [MT5]

Pending Sell Stop order placed.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,989
  • Jan 23, 2018 9:15pm Jan 23, 2018 9:15pm
When viewing account progress via myfxbook please note that whilst MT4 shows open trades, the MT5 analytics does not.

Once trades have been closed out then constant updates should occur.

However, on D1 Quad cycles it is possible to have no completed trades for multiple weeks if not months unless stops are taken out.
The trading strategy involves a careful building up of multiple trades over the course of the cycle.

At the end of each month I will upload a progress report for both MT4 and MT5 accounts based on the available information at the time.

If traders are interested in specific trade entry details please post a request to this thread.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #1,990
  • Jan 24, 2018 12:35am Jan 24, 2018 12:35am
Doodling !
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 77 KB
  • #1,991
  • Jan 24, 2018 4:25am Jan 24, 2018 4:25am
Quoting OAPDave
Doodling ! {image}
How do you work out which MML to take an entry from using those curves OAPave ?

I'd be interested to know how an entry, SL and TP are assigned both for a short and a long entry.

Masterrmind............
Master your Mind then Master your Trades
  • #1,992
  • Jan 24, 2018 4:30am Jan 24, 2018 4:30am
How about this D1 MML short entry on the cable.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB

Now who would be game enough to short GBPUSD from say 1.41600 (+2/8 MML level) ?

I'm waiting ?!

Masterrmind.........
Master your Mind then Master your Trades
  • #1,993
  • Jan 24, 2018 4:37am Jan 24, 2018 4:37am
Quoting Masterrmind
How about this D1 MML short entry on the cable. {image} Now who would be game enough to short GBPUSD from say 1.41600 (+2/8 MML level) ? I'm waiting ?! Masterrmind.........
Price has just tagged the level.

NY Open less than 30 minutes away.

Should be wait or pull the trigger ?

Masterrmind............
Master your Mind then Master your Trades
  • #1,994
  • Jan 24, 2018 4:57am Jan 24, 2018 4:57am
Watching the (64) roll over in 1,5,15 and Daily, PA needs to convince me its putting a roof over our head
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDSBDaily.png Size: 81 KB
Click to Enlarge Name: GBPUSDSBM15.png Size: 65 KB
Click to Enlarge Name: GBPUSDSBM5.png Size: 56 KB
Click to Enlarge Name: GBPUSDSBM1.png Size: 53 KB
  • #1,995
  • Jan 24, 2018 5:06am Jan 24, 2018 5:06am
Quoting OAPDave
Watching the (64) roll over in 1,5,15 and Daily, PA needs to convince me its putting a roof over our head {image} {image} {image} {image}
Not a clear roof in sight I'm afraid to say.

Chances are good for a reset of the MML on the D1 TF [P=64].

But I need several more minutes in the early stages of NY to guage the markets intent.

Masterrmind............
Master your Mind then Master your Trades
  • #1,996
  • Jan 24, 2018 5:12am Jan 24, 2018 5:12am
Quoting Masterrmind
{quote} Price has just tagged the level. NY Open less than 30 minutes away. Should be wait or pull the trigger ? Masterrmind............

Before shorting I would at least wait 2 conditions :

a) a reversal
b) a break of the VTL / Angle of 59° - green

First Target or Support the Upper Limit of the Centered Moving Average 1536 TU (green)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD SHORT MASTERMIND.jpg Size: 202 KB
  • #1,997
  • Jan 24, 2018 5:16am Jan 24, 2018 5:16am
As mentioned before the one I much prefer for 1min & 5min is 1440
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDSBM5.png Size: 68 KB
Click to Enlarge Name: GBPUSDSBM1.png Size: 56 KB
  • #1,998
  • Jan 24, 2018 5:22am Jan 24, 2018 5:22am
Because if trend goes UP - we will have to DOUBLE previous parameters
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD SHORT MASTERMIND 2.jpg Size: 185 KB
  • #1,999
  • Jan 24, 2018 5:22am Jan 24, 2018 5:22am
Quoting parisboy
{quote} Before shorting I would at least wait 2 conditions : a) a reversal b) a break of the VTL / Angle of 59° - green First Target or Support the Upper Limit of the Centered Moving Average 1536 TU (green) {image}
GU ADR 103
GU Today 170+

Only part of the story.

The bulls are aggressively buying up the currency!
That is what we do know.

Either go in short with smaller position size and if trade runs favorably look to add in more on the way down (if it goes down).
Wait for PA on a lower TF to give you the confidence to short it.

Or wait for a MML reset and look to go long ... or short ?

MA's - I don't use them in any of my analysis.

Better yet look at potentially better looking trade setups on other currency pairs!

Masterrmind............
Master your Mind then Master your Trades
  • #2,000
  • Edited 8:40am Jan 24, 2018 5:31am | Edited 8:40am
Correct ! When in doubt - wait !

Just observe - fact is it is best to determine the scenario we are in - UP or DOWN - before acting according to our analysis grid

MML's +1 and + 2 build a phase of transition to a double octave OR an Hesitation Zone before Reversal
2 traders viewing now