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Quad Candle System

  • #2,641
  • Oct 30, 2018 2:40am Oct 30, 2018 2:40am
Quoting pipsandkfc
AUD/USD The price on the daily chart sits at a yearly low and that is situated in the 0/8 - -1/8 area. It seems to hold as it resulted in a quad pattern on the line ( close to the D letter ) and a pinbar later on. There has been also an AB-CD pattern completed. On the weekly chart we have also a quad and another pinbar. The black line serves as support on daily, weekly and monthly timeframe, being the lowest price in the 52 weeks. Also on the weekly the AB-CD pattern is completed On the monthly chart the price sits on the black line acting as support...
I think you managed well with the drawing part.

Market is a bit restless at the moment with some whipsaw type of activity considering the upcoming trade talks.

As for GJ I'm only after a 2c move up the chart and although the setup started off very nicely it has now taken a nose dive.
Attached Image (click to enlarge)
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Stops on both open trades remain at or below the current swing low (0/8 and -1/8) so I'm going to leave them where they are for the time being.

The danger is that for GJ it does not take much of a move to the downside to wipe out those stops especially considering that this Grid sports a small 45.5 pip octive gap (manual MML applied).

I'm looking for price to hold at or close to the 144 handle and then for the bulls to come onboard and push price up to 145 through to 146 levels.

Come on bulls !

Masterrmind.............
Master your Mind then Master your Trades
  • #2,643
  • Oct 30, 2018 3:08am Oct 30, 2018 3:08am
Quoting Florenti
Good Morning Guys, I know i am not in the right topic or thread to post this, but i thought you might help on identifying this indicator in the picture. Thank you. {image}
Hi
Looks for multitime frame multi pair indicator with show custom indicator signal in all pair
velolthomas@gmail
  • #2,644
  • Oct 30, 2018 3:26am Oct 30, 2018 3:26am
I had it before but just can not find it now
  • #2,645
  • Oct 30, 2018 3:29am Oct 30, 2018 3:29am
Subs. Thanks and
Regards
  • #2,646
  • Oct 30, 2018 3:33am Oct 30, 2018 3:33am
I did
  • #2,647
  • Oct 30, 2018 3:38am Oct 30, 2018 3:38am
all right just requested to delete it.
  • #2,648
  • Oct 30, 2018 8:35am Oct 30, 2018 8:35am
Hello MasterMind,
I want to post here a simple observation in which I am looking at 4 Time Frames 4H D1 W1 and MN I know that based on the 4H & the Daily charts the price will reach to the and/or beyond the (0/8)P Ultimate Support MML level. It is intresting to note that the Monthly chart shows that the price will reach the MML (5/8).
Best regards,
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1034 Oct. 30 09.32.jpg Size: 193 KB
Happily Married to MY College Sweet Heart!
  • #2,649
  • Oct 31, 2018 2:00am Oct 31, 2018 2:00am
Masterrmind had problems with my e-mails could you please make contact, slight change in circumstances have caused me to look at other time frames ?
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  • #2,650
  • Oct 31, 2018 2:08am Oct 31, 2018 2:08am
Quoting Florenti
I did
Still waiting for you to delete that indi post.

The one with that binary options written on it.

Less than an hour to go.

Come on you can do it.

Post 2642....delete it please.

Masterrmind.......
Master your Mind then Master your Trades
  • #2,651
  • Oct 31, 2018 2:10am Oct 31, 2018 2:10am
Quoting OAPDave
Masterrmind had problems with my e-mails could you please make contact, slight change in circumstances have caused me to look at other time frames ? {image} {image} {image} {image} {image} {image}
I thought there was some sought of a message problem.

Masterrmind......
Master your Mind then Master your Trades
  • #2,652
  • Oct 31, 2018 6:17am Oct 31, 2018 6:17am
Yes not sure whats wrong ?
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  • #2,653
  • Oct 31, 2018 8:46am Oct 31, 2018 8:46am
Update
Attached Image (click to enlarge)
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  • #2,654
  • Oct 31, 2018 10:26am Oct 31, 2018 10:26am
Quoting Masterrmind
{quote} I think you managed well with the drawing part. Market is a bit restless at the moment with some whipsaw type of activity considering the upcoming trade talks. As for GJ I'm only after a 2c move up the chart and although the setup started off very nicely it has now taken a nose dive. {image} Stops on both open trades remain at or below the current swing low (0/8 and -1/8) so I'm going to leave them where they are for the time being. The danger is that for GJ it does not take much of a move to the downside to wipe out those stops especially...

The GJ seems to have halted and make an attempt to move price higher? There seems to be a strong rejection on the D1 chart from the 4/8? I noticed that rejections from 4/8 in either direction push price by 1-2 octaves at least.
Forex - It's finger lickin' good
  • #2,655
  • Oct 31, 2018 10:28am Oct 31, 2018 10:28am
Quoting Jeff59FX
Hello MasterMind, I want to post here a simple observation in which I am looking at 4 Time Frames 4H D1 W1 and MN I know that based on the 4H & the Daily charts the price will reach to the and/or beyond the (0/8)P Ultimate Support MML level. It is intresting to note that the Monthly chart shows that the price will reach the MML (5/8). Best regards, Jeff {image}

Jeff59FX isn't it risky to sell when in the lower MML area? If you don't mind can you please elaborate why did you sell at 1/8 on the daily chart? Thank you.
Forex - It's finger lickin' good
  • #2,656
  • Oct 31, 2018 10:32am Oct 31, 2018 10:32am
Quoting OAPDave
Update {image}
OAPDave you're planning a GBP-USD long, no? It's based solely on the fact the price has reached the low MML zone and for additional filtering you're just using additional timeframe charts with MML or are there other aspects like price action patterns?
Forex - It's finger lickin' good
  • #2,657
  • Oct 31, 2018 3:08pm Oct 31, 2018 3:08pm
Quoting pipsandkfc
{quote} OAPDave you're planning a GBP-USD long, no? It's based solely on the fact the price has reached the low MML zone and for additional filtering you're just using additional timeframe charts with MML or are there other aspects like price action patterns?
Not convinced it is a long term Buy yet but could be scalped from a fairly strong level ?
I would like to see a upward bias trend to convince me that it might be a really good bottom before diving into a Buy with any conviction
Have you any thoughts ?
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  • #2,658
  • Oct 31, 2018 7:34pm Oct 31, 2018 7:34pm
GJ [M15: short term update]
Attached Image (click to enlarge)
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The GJ setup was for short term only specifically planned to reduce the current months loss during October within a few days.

A limited number of days left in the month made a fast recovery a challenge especially when I had no plan at all of drastically increasing the risk per trade.

2 minimal lot entries (both at 0.01) remained open but closed out on 31 October so that a recording for the month of October would occur.

Result is that instead of October recording a 1.9% loss it now shows a 1.3% loss.

After the trades were closed out (144.500ish) due to having to rest for the day price continued to whipsaw around but now sits at the 145 handle.

All remaining pending orders for the GJ pair have now been deleted since it was not meant to be a longer term D1 setup.

Only 1 GU long entry remains active at this time.

Masterrmind...............
Master your Mind then Master your Trades
  • #2,659
  • Oct 31, 2018 8:35pm Oct 31, 2018 8:35pm
Quoting pipsandkfc
{quote} Jeff59FX isn't it risky to sell when in the lower MML area? If you don't mind can you please elaborate why did you sell at 1/8 on the daily chart? Thank you.
Hello PipsandKFC, I realize the risk and My trade went real well! As a part of my experimentation to MML :-) I am watching this carefully and reading everyone's posts here

Jeff
Happily Married to MY College Sweet Heart!
  • #2,660
  • Nov 1, 2018 4:19am Nov 1, 2018 4:19am
Quoting Jeff59FX
{quote} Hello PipsandKFC, I realize the risk and My trade went real well! As a part of my experimentation to MML :-) I am watching this carefully and reading everyone's posts here Jeff
Hi Jeff59FX, Thanks for your interesting observation, with it in mind I have looked at my charts with as much data as I have,
I have around 20 yrs of Monthly bars so that 20 x 12 = 240 so I have added a 256 Murrey, I have halved that on a weekly and used a 128 murrey, then I have halved it again on a daily to a 64 , now I am just having a think about what I am seeing ?
Attached Image(s) (click to enlarge)
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