Quad Candle System

Quoting OAPDave

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{quote} I understand why you want to stay with your long term trade, Mr T will eventually weaken the dollar, lets hope it is not at the same time we wave bye bye with Brexit, but you are only looking to scalp Buys on a short cycle, have you considered scalping shorts just in case we have a waterfall, at least you will lock in a fixed loss until you see a another Buy signal to release the hedge

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Quoting OAPDave

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As per P.M. but I think the best I will do is have Fish with my Chips, think these non Majors are just not going to be worth it with the ESMA rules {image}

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Quoting Masterrmind

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GBPUSD [D1 Short Term Long Cycle] The chart shows the basic setup for a short term long setup. The plan is to collect profit on favorable movement over a single octive. {image} The next post will show an M5 Chart for better viewing of the actual trading levels I will be using on this setup. Masterrmind...............

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Quoting Masterrmind

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{quote} GU [M5 Chart] M5 Chart for better viewing of the D1 single Octave setup. {image} Lets consider lot size progression for this cycle of trades. What we wish to do is make a minimum 4% profit from closed trades to offset the current months loss so that August registers greater than 0% gain in Equity. BuyStop #3 0.04 lots over 1 octive = 0.04*15.3 pips*10 = $6.12 BuyStop #2 0.03 lots over 2 octives = 0.03*30.6 pips*10 = $9.18 BuyStop #1 0.02 lots over 3 octives = 0.02*45.9 pips*10 = $9.18 Market Entry 0.01 lots over 5 octives = 0.01*76.5 pips*10...

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Quoting Masterrmind

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Short Term Long Cycle (Update) {image} Market entry ofcourse in action. 1 Buy Limit Order triggered. 1 Buy Stop Order triggered. Now all I need is price to move 3 little octives up the chart and it will be mission accomplished ! Good progress. Masterrmind..............

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Quoting OAPDave

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{quote} Yes looking good, as you say just need that one more push, me not so good today I seem to be stuck in a bad morning good afternoon trade, well at least I hope this afternoon is kind to me (UK Time)

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Quoting OAPDave

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Well no fish with my chips, in fact not even any chips, The only real damage is my total lack of interest in trading since these new ESMA rules have come into effect, lots of other things give just as good a return for a lot less funding. might be wrong in my thinking but the edge as gone now.

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Quoting Masterrmind

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{quote} Yes the pound appreciated rather aggressively I'm afraid. At least I hope minimal damage occurred to your account if all lot sizings were modest. Masterrmind...............

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Quoting Masterrmind

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Short Term Long Cycle (Update) {image} Market entry ofcourse in action. 1 Buy Limit Order triggered. 1 Buy Stop Order triggered. Now all I need is price to move 3 little octives up the chart and it will be mission accomplished ! Good progress. Masterrmind..............

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Quoting OAPDave

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{quote} No problem with the account, by luck even tightened my stop loss, but as i have said a few times now I see no edge @ 10:1 in non majors or 30:1 majors , time to move on now I think

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