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Quad Candle System

  • #2,221
  • May 22, 2018 6:04am May 22, 2018 6:04am
Quoting OAPDave
Masterrmind, Yours & Xard's indicators working in tandem {image}
Yes on a TF less than D1 applying the ADR is a good idea such as in the case of intraday trading.

Not on my charts though as I'm chasing hundreds if not thousands of pips.

Whether or not I collect them is another thing entirely !

Masterrmind............
Master your Mind then Master your Trades
  • #2,222
  • May 22, 2018 6:12am May 22, 2018 6:12am
EURCAD [Update]
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Enduring some DD at this stage.

Masterrmind............
Master your Mind then Master your Trades
  • #2,223
  • May 22, 2018 7:01am May 22, 2018 7:01am
Quoting Masterrmind
EURCAD [Update] {image} Enduring some DD at this stage. Masterrmind............
Sorry a question
the DD is because is been opened dont observe the MML rules?
thanks
armando56
  • #2,224
  • Edited 8:04am May 22, 2018 7:48am | Edited 8:04am
Main Octave Setup 0.78125 - 1.5625
Sub setup off quarter even labelled lines 1.5625 - 1.3671
How long as price stayed between 1.5625 & 1.3671 ?
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  • #2,225
  • May 22, 2018 3:53pm May 22, 2018 3:53pm
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  • #2,226
  • May 22, 2018 10:32pm May 22, 2018 10:32pm
Quoting armando56
{quote} Sorry a question the DD is because is been opened dont observe the MML rules? thanks armando56
Drawdown can occur and often does even if MML rules are applied.

Always assign and apply a hard stop loss typically as a percentage of your account and converted into pips (for example 0.5%, 1% or 2%).

DD will almost always occur the moment a trade is entered into the live market so it is a real part of doing business in FX.

There are only a few limited exceptions to what I have said above.

Masterrmind.............
Master your Mind then Master your Trades
  • #2,227
  • May 23, 2018 1:00am May 23, 2018 1:00am
Missed this today, doing other things, no ability to multi task,
ps Masterrmind answered by e-mail
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  • #2,228
  • May 23, 2018 1:36am May 23, 2018 1:36am
Now changed to new Octave, Think ADR now ?
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  • #2,229
  • May 23, 2018 5:09am May 23, 2018 5:09am
Example of chart shift down (out of the box m/avg) showing no signs of stopping just yet, not to say that we will see some bounce action at various levels maybe 4/8ths
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  • #2,230
  • May 23, 2018 5:24am May 23, 2018 5:24am
Quoting OAPDave
Example of chart shift down (out of the box m/avg) showing no signs of stopping just yet, not to say that we will see some bounce action at various levels maybe 4/8ths {image} {image}
I've extended my stop out a bit on GU to below the -2/8 MML.

Risk on this trade now stands at approximately 3.5%.

However, with all the news floating around the cable hasn't had much of a chance to recover some ground and now it looks set to drive deep into the low 1.30 prices.

Perhaps closing out the trade is a very real option but I'll give it a little more rope and see if the bulls can make a comeback.

Chart shifts to the downside spells caution !

Masterrmind.............
Master your Mind then Master your Trades
  • #2,231
  • May 23, 2018 5:26am May 23, 2018 5:26am
Quoting Masterrmind
{quote} I've extended my stop out a bit on GU to below the -2/8 MML. Risk on this trade now stands at approximately 3.5%. However, with all the news floating around the cable hasn't had much of a chance to recover some ground and now it looks set to drive deep into the low 1.30 prices. Perhaps closing out the trade is a very real option but I'll give it a little more rope and see if the bulls can make a comeback. Chart shifts to the downside spells caution ! Masterrmind.............

It means contraction of the "Volatility" (Price Range) then division by 2 of the Operative Octave
  • #2,232
  • May 23, 2018 5:29am May 23, 2018 5:29am
Its going to be tough as its a Waterfall for sure ?
Ps Parisboy I think you are a good friend and a great trader just wish i could learn you some English Slang so i could understand what you mean. hahahaha
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  • #2,233
  • May 23, 2018 5:36am May 23, 2018 5:36am
Quoting OAPDave
Its going to be tough as its a Waterfall for sure ? {image}
No idea

Martin Armstrong slang : Marty uses the term " Waterfall Event" when a financial support loses roughly +/- 90 % of its value in a short period (2-3 years)

Example :

Deutsche Telekom, France Telecom (Orange), Alcatel Lucent, Alsthom etc
  • #2,234
  • May 23, 2018 5:43am May 23, 2018 5:43am
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  • #2,235
  • May 23, 2018 5:49am May 23, 2018 5:49am
Quoting parisboy
{quote} No idea Martin Armstrong use the term " Waterfall Event" when a financial support loses roughly +/- 90 % of its value in a short period (2-3 years) Example : Deutsche Telekm, France Telecom (Orange), Alcatel Lucent, Alsthom etc
Sorry my friend, its my problem you post very precise technical descriptions and have a deep understanding of this game, but they are hard for me to understand as i can barley sting two words together never mind spell my name, that's why i have spent 1,000's of hours just looking at charts with my eyes trying to make sense of it all, if indeed there is any
  • #2,236
  • May 23, 2018 5:56am May 23, 2018 5:56am
Attachment g
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  • #2,237
  • May 23, 2018 7:39am May 23, 2018 7:39am
Quoting OAPDave
Example of chart shift down (out of the box m/avg) showing no signs of stopping just yet, not to say that we will see some bounce action at various levels maybe 4/8ths {image} {image}
Masterrrmind are they teasing you ?
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  • #2,238
  • May 23, 2018 6:46pm May 23, 2018 6:46pm
Quoting parisboy
{quote} It means contraction of the "Volatility" (Price Range) then division by 2 of the Operative Octave
Contraction means a reduction in something.

When price breaks out down below the -2/8 MML (or above the +2/8 MML) price line then the 'current' MML Grid is actually in a state of expansion until the 'new' updated MML Grid prints to the chart.

Ofcourse this update takes an almost immediate effect.

The pip distances between the minor octive borders can either increase (expand) or decrease (contract) based on the internal calculations which relies rather heavily on the recent PA (ranges) and this includes the historical bar count as per chosen Period (such as P=64, 128, 256 etc).

Masterrmind............
Master your Mind then Master your Trades
  • #2,239
  • May 24, 2018 12:52am May 24, 2018 12:52am
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  • #2,240
  • May 24, 2018 1:01am May 24, 2018 1:01am
Quoting OAPDave
{quote} Masterrrmind are they teasing you ? {image}
Anything is possible.
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The bulls are still away on vacation only a few hard core bulls in the room at the moment but the weight of the bears is tiring them out !

Lets see !

ps. If price can manage to make its way back up near entry level I'll drastically reduce the current stop.

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