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Quad Candle System

  • #2,061
  • Mar 26, 2018 8:37am Mar 26, 2018 8:37am
Quoting Masterrmind
{quote} So according to your chart its not a bad level to be looking for longs. Trouble is the market can keep driving price lower especially with uncertainty in the market and bearish sentiment currently the flavor of the month. My stops will let me know when Im wrong and although they are wide it is necessary on a D1 chart with these type of setups. Risk is about as low as I can go on an account this size without taking an eternity to grow it. How would you trade this pair based on your charts? Masterrmind.......
I would want to see an up curve with the Regression and price above the 8 m/avg advanced by 4, to me the Daily is just as good as any intra day as it as the relative octaves sizes, in this case 19.5 pips hence how many 19.5pip levels in an average days range
  • #2,062
  • Edited 9:46am Mar 26, 2018 9:13am | Edited 9:46am
Bog standard Bill Williams Alligator Indicator,
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  • #2,063
  • Mar 26, 2018 9:50am Mar 26, 2018 9:50am
Your favourite MM64
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  • #2,064
  • Mar 27, 2018 3:46am Mar 27, 2018 3:46am
Masterrmind your Quad is a 4 candle pattern so just having a look at MM4
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  • #2,065
  • Mar 27, 2018 4:03am Mar 27, 2018 4:03am
Quoting OAPDave
{quote} I would want to see an up curve with the Regression and price above the 8 m/avg advanced by 4, to me the Daily is just as good as any intra day as it as the relative octaves sizes, in this case 19.5 pips hence how many 19.5pip levels in an average days range
If ADR was taken as 100 pips then ofcourse 5 times would be the answer for the 19.5 pip case.

Masterrmind.............
Master your Mind then Master your Trades
  • #2,066
  • Mar 27, 2018 4:06am Mar 27, 2018 4:06am
Quoting OAPDave
Bog standard Bill Williams Alligator Indicator, {image}
I tend to steer well clear of these lagging type indicators as I've found no edge whatsoever in using them.

An interesting chart nonetheless.

Masterrmind.............
Master your Mind then Master your Trades
  • #2,067
  • Mar 27, 2018 4:18am Mar 27, 2018 4:18am
Quoting OAPDave
Masterrmind your Quad is a 4 candle pattern so just having a look at MM4 {image}
The additional long entry I took on the UJ pair yesterday turned out to be the right move but not out of the woods yet.

Once price pulls above the 4/8 MML level I may go slightly aggressive on the next lot of additional trades into this UJ long cycle.

However, I need to be careful with the peak to trough and the DD levels since exceeding 29% will end the quest!
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MML lines are rather close and clustered on your MM4 chart.

The same lines on a lower TF chart might be worth a look.

Masterrmind..........
Master your Mind then Master your Trades
  • #2,068
  • Mar 27, 2018 5:09am Mar 27, 2018 5:09am
Quoting Masterrmind
{quote} The additional long entry I took on the UJ pair yesterday turned out to be the right move but not out of the woods yet. Once price pulls above the 4/8 MML level I may go slightly aggressive on the next lot of additional trades into this UJ long cycle. However, I need to be careful with the peak to trough and the DD levels since exceeding 29% will end the quest! {image} MML lines are rather close and clustered on your MM4 chart. The same lines on a lower TF chart might be worth a look. Masterrmind..........
Thanks for reply, To be honest I have stopped trying to be the 1st one into battle, on rare occasions you become a hero but most times you get killed, now at my age more than happy to be in the second wave. The 4 day and 8 day are the 64, 4/8 & 3/8ths divided
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  • #2,069
  • Mar 27, 2018 5:43am Mar 27, 2018 5:43am
Masterrmind have you seen the results of the ESMA enquiry, think the forums will be very lonely places soon
  • #2,070
  • Mar 27, 2018 6:09am Mar 27, 2018 6:09am
Quoting OAPDave
Masterrmind have you seen the results of the ESMA enquiry, think the forums will be very lonely places soon
No I have not but I have been wondering what other information has been put forward.

Masterrmind.........
Master your Mind then Master your Trades
  • #2,071
  • Mar 27, 2018 6:15am Mar 27, 2018 6:15am
Quoting Masterrmind
{quote} No I have not but I have been wondering what other information has been put forward. Masterrmind.........
The guy Spreadbettor as posted a snippet on the thread FX Trading in Europe under threat
  • #2,072
  • Mar 27, 2018 7:49am Mar 27, 2018 7:49am
Quoting OAPDave
{quote} The guy Spreadbettor as posted a snippet on the thread FX Trading in Europe under threat
Went to the source and it looks very much like ESMA will be reigning in leverage within a few short months.

Whats your plan moving forward?

Masterrmind.........
Master your Mind then Master your Trades
  • #2,073
  • Edited 8:30am Mar 27, 2018 8:05am | Edited 8:30am
Quoting Masterrmind
{quote} Went to the source and it looks very much like ESMA will be reigning in leverage within a few short months. Whats your plan moving forward? Masterrmind.........
To be honest since it was first mooted I have been ducking and diving all over the place trying to get a method in place and then see what costs it would incur to work it in a way that I could draw some profit out as a reward not just keep rolling it up to make my account look good, I have come to the conclusion that Murrey on its own does not give me a strong enough edge, as always I like your thoughts and the way you trade but must admit I feel the same about the (Other guys thread) but as I live and die by my own decisions I just have to add something of my own to it, admittedly nearly always nicked from another thread, so I think I am nearly their just want to wait to see what my brokers want off me to play the game
ps
Its almost certain I will be looking to trade less but for hopefully bigger moves because if I want to scalp its cheaper for me to keep having a few quid on the horses as no spreads involved, another silly thought I had is that after they get rid of all the small traders the (trends) may become a little smoother and easier to trade but I guess that's only day dreaming
  • #2,074
  • Mar 27, 2018 8:29am Mar 27, 2018 8:29am
Quoting OAPDave
{quote} To be honest since it was first mooted I have been ducking and diving all over the place trying to get a method in place and then see what costs it would incur to work it in a way that I could draw some profit out as a reward not just keep rolling it up to make my account look good, I have come to the conclusion that Murrey on its own does not give me a strong enough edge, as always I like your thoughts and the way you trade but must admit I feel the same about the (Other guys thread) but as I live and die by my own decisions I just have...
Well as always OAPDave I appreciate your participation.

The only true edge is buried inside the trader.

Retail FX traders make up maybe 5% of the whole market in terms of average longer term volumes so not really noticeable at all.

Wishing you well and hope the road ahead is a smooth one.

Masterrmind..........
Master your Mind then Master your Trades
  • #2,075
  • Mar 27, 2018 3:00pm Mar 27, 2018 3:00pm
HI,

interesting system but it is not easy, I think it can be easier. What ideas?

Regards

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if you're doing we all have results with all
  • #2,076
  • Mar 27, 2018 6:57pm Mar 27, 2018 6:57pm
asian skacp

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if you're doing we all have results with all
  • #2,077
  • Mar 27, 2018 7:34pm Mar 27, 2018 7:34pm
Quoting jarfx05
HI, interesting system but it is not easy, I think it can be easier. What ideas? Regards {image} {image}
Hi JarFX,

This thread is all about the D1 Quad Candle System with MML.

The M15 MTTTM system charts that you posted should be posted over on the MTTTM thread.

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

Masterrmind...........
Master your Mind then Master your Trades
  • #2,078
  • Mar 27, 2018 7:43pm Mar 27, 2018 7:43pm
Quoting Masterrmind
{quote} Hi JarFX, This thread is all about the D1 Quad Candle System with MML. The M15 MTTTM system charts that you posted should be posted over on the MTTTM thread. https://www.forexfactory.com/showthread.php?t=722353 Masterrmind...........

I'm sorry, I like MML.
if you're doing we all have results with all
  • #2,079
  • Mar 27, 2018 7:47pm Mar 27, 2018 7:47pm
Quoting jarfx05
{quote} I'm sorry, I like MML.
If you post your MTTTM charts and questions over on that thread I'll be more than happy to answer them.

Masterrmind.............
Master your Mind then Master your Trades
  • #2,080
  • Apr 6, 2018 4:02am Apr 6, 2018 4:02am
USDJPY [D1 - Live MT5; progress report]

The bulls have returned for the time being.

However, anything can happen based on market reaction to the upcoming high impact data .
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3 trades currently with a total of more than 370+ pips.

Buy Stop applied at the next MML level up the chart in PLS mode.

Masterrmind.............
Master your Mind then Master your Trades
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