Hi All... I am keeping a close watch on the AUDCAD. I am going to wait till the end of the candle, then I will decide weather it goes to the downside or not. The QUAD CANDLE DASHBOARD "MML SHORT" We shall seeJeff {image}
- #2,802
- Nov 15, 2018 11:56pm Nov 15, 2018 11:56pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
SELL AUD-CAD @ 0.95913 SL: 0.97164 TP: 094100 Will post probably tomorrow morning or evening ( my local time ) the charts and full analysis.
Lets see it keep heading down the chart for you.
Masterrmind...............
Master your Mind then Master your Trades
- #2,803
- Nov 16, 2018 3:18am Nov 16, 2018 3:18am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Quad Candle Dashboard (v1.03) A sneak peek ! {image} Thats probably about it in its raw form for v1.03 (to be released after some more testing but its good to go). Explanatory notes will be provided later outlining what the data represents in all the columns. v1.04: Future upgrades may have multiple alerts (sound, pop-up, email, smart phone) and improving presentation and usability. I'll also add in "buttons" for at least the symbol names so that preferred charts can be opened by a mouse click (simple enough). Note: There is only so far one can...
Masterrmind.............
Master your Mind then Master your Trades
- #2,804
- Nov 16, 2018 8:08am Nov 16, 2018 8:08am
{quote} I'll release QuadCandleDashboard v1.03 some time over the weekend. Masterrmind.............
When you learn to adapt, you will be unbeatable........ "FX IS SWEET".
- #2,805
- Nov 16, 2018 10:21am Nov 16, 2018 10:21am
- Joined Sep 2018 | Status: Complete acceptance of probability | 306 Posts
AUD-CAD
Daily:
1) The price broke the down channel and entered into an upper one
2) It was just at the top of the ascending channel line and the ascension is steep so a retracement could be justified
3) The price was at a round number 0.9600
3) There was a shooting star
4) The shooting start bounced off the resistance and closed under the round number
5) The quad previously formed showed some indecision making the next reversal attempt more plausible
The bad: price broke the descending channel and if it goes by the rules it must go the width of the channel up meaning it should stop in the extreme MML zone
Weekly
1) The price is still in the descending channel at the upper side
2) The 61.8 retracement is in the same area ~ 0.9600
Monthly
1) The price is inside the descending channel
2) The area where the price is located acts as a support/resistance judging by the way price bounced from it
To feel good about the trade it should close under the ~ 0.9600 area and preferably under yesterdays close showing a bearish bar on the chart. Additionally, it would be ideal if the price didn't cross 61.8% of the shooting star.
Based on my previous trade I came to a realization, I think the best reversal trades originate from extreme MML zones
Daily:
1) The price broke the down channel and entered into an upper one
2) It was just at the top of the ascending channel line and the ascension is steep so a retracement could be justified
3) The price was at a round number 0.9600
3) There was a shooting star
4) The shooting start bounced off the resistance and closed under the round number
5) The quad previously formed showed some indecision making the next reversal attempt more plausible
The bad: price broke the descending channel and if it goes by the rules it must go the width of the channel up meaning it should stop in the extreme MML zone
Weekly
1) The price is still in the descending channel at the upper side
2) The 61.8 retracement is in the same area ~ 0.9600
Monthly
1) The price is inside the descending channel
2) The area where the price is located acts as a support/resistance judging by the way price bounced from it
To feel good about the trade it should close under the ~ 0.9600 area and preferably under yesterdays close showing a bearish bar on the chart. Additionally, it would be ideal if the price didn't cross 61.8% of the shooting star.
Based on my previous trade I came to a realization, I think the best reversal trades originate from extreme MML zones
Forex - It's finger lickin' good
- #2,807
- Nov 16, 2018 11:58am Nov 16, 2018 11:58am
- Joined Sep 2018 | Status: Complete acceptance of probability | 306 Posts
Thank you for the encouragement Masterrmind, I'm really curious about the trade output although currently, it's under weather.
Thank you for the input OAPDave, it look like I broke a clear rule, never sell at the bottom of the range...There is still a lot to learn and grasp.
Additionally, I see a ABCD pattern forming on H1: 0.9680 for a short direction. Maybe that will give a push and at least allow me to get out in breakeaven
Thank you for the input OAPDave, it look like I broke a clear rule, never sell at the bottom of the range...There is still a lot to learn and grasp.
Additionally, I see a ABCD pattern forming on H1: 0.9680 for a short direction. Maybe that will give a push and at least allow me to get out in breakeaven
Forex - It's finger lickin' good
- #2,810
- Nov 16, 2018 1:07pm Nov 16, 2018 1:07pm
- Joined Sep 2018 | Status: Complete acceptance of probability | 306 Posts
{image}
and should be at around 5/8 MML. I've noticed the growth has been caused by the AUD/USD correlation. All I can do now I think is just wait for the price action develop and learn from it as it wouldn't be smart to get out of a trade as it's not completely lost.
Forex - It's finger lickin' good
- #2,813
- Nov 18, 2018 8:30am Nov 18, 2018 8:30am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Hi Team,
QuadCandleDashboard v1.03 has been uploaded to Post 1.
Slow Med and Fast information.
Please ensure the value of inputs for Slow through to Fast increase, no values are the same and none are less than 0.
If you get it wrong you will receive an alert.
By default I have set Slow pairs from 1 pip to 59 pips, Medium pairs from 60 pips to 99 pips and Fast pairs from 100 pips to 199 pips.
These ranges can be changed to suit your own preferences just make sure the values continue to increase (Slow --> Fast).
ADR --> The 3 colors of the pair speeds will highlight in this column
AMR --> This column simply follows the same Symbol speeds as per ADR column but values are for monthly data.
DR --> Daily Range (pips/points) color shows pips per current day (green if above open price and red of below).
MR --> Monthly Range (pips/points) color shows pips per current month (green if above MN1 Open price or red if below).
MHd | MLd and YHd | YLd --> show # pips above/below prev monthly or yearly H or L and the current symbol price.
Consider what the 'Gray' colored range values might mean.
Don't forget to post your experiences to the thread and make suggestions for improvement.
ps. I think you all had better act fast since I am well on the way to releasing v1.04 later this month.
Masterrmind.............
QuadCandleDashboard v1.03 has been uploaded to Post 1.
Slow Med and Fast information.
Please ensure the value of inputs for Slow through to Fast increase, no values are the same and none are less than 0.
If you get it wrong you will receive an alert.
By default I have set Slow pairs from 1 pip to 59 pips, Medium pairs from 60 pips to 99 pips and Fast pairs from 100 pips to 199 pips.
These ranges can be changed to suit your own preferences just make sure the values continue to increase (Slow --> Fast).
ADR --> The 3 colors of the pair speeds will highlight in this column
AMR --> This column simply follows the same Symbol speeds as per ADR column but values are for monthly data.
DR --> Daily Range (pips/points) color shows pips per current day (green if above open price and red of below).
MR --> Monthly Range (pips/points) color shows pips per current month (green if above MN1 Open price or red if below).
MHd | MLd and YHd | YLd --> show # pips above/below prev monthly or yearly H or L and the current symbol price.
Consider what the 'Gray' colored range values might mean.
Don't forget to post your experiences to the thread and make suggestions for improvement.
ps. I think you all had better act fast since I am well on the way to releasing v1.04 later this month.
Masterrmind.............
Master your Mind then Master your Trades
- #2,814
- Nov 21, 2018 8:36am Nov 21, 2018 8:36am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} XAGUSD [D1;64] Long Setup now in progress. {image} 1 @ market entry. Several Buy Stops. Masterrmind.............
4 trades closed out in profit at the 4/8 Central Pivot.
+1.75%
Small %gain but it all adds up and with the USD gaining some strength its as good a time as any to bank some green pips.
Silver will continue to be monitored and if the analysis is favorable for a long then perhaps a few more longs will be entered.
Other pairs will also be considered.
Masterrmind.............
Master your Mind then Master your Trades
- #2,815
- Nov 22, 2018 5:34am Nov 22, 2018 5:34am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Plenty of trading opportunities.
So does any trader have a good setup worth posting here ?
Masterrmind.............
So does any trader have a good setup worth posting here ?
Masterrmind.............
Master your Mind then Master your Trades
- #2,816
- Nov 22, 2018 6:39am Nov 22, 2018 6:39am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
On the radar, just need to fine tune ? {image} {image} {image} {image} {image} {image} {image} {image}
Masterrmind..........
Master your Mind then Master your Trades
- #2,817
- Nov 22, 2018 6:55am Nov 22, 2018 6:55am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
v1.04 in the making.............
No point though if the participation rate is missing the mark.
All I see currently is plenty of downloads and no paticipation.
I'm sure some of the alert traders out there can see the value in such a dashboard, especially with the continuing updates and then ofcourse the major upgrades.
The columns in v1.04 show daily through to yearly data which provides those all important trading ranges.
Color options are provided allowing preferred ranges to be set for any of the columns.
Symbol anfd highlight toggle buttons now added allowing for the opening of charts at the click of the mouse ... simple stuff but very efficient.
A highlight bar is now provided allowing for easy viewing of key data so you don't lose your row as you move left to right or right to left.
I'm sure the smart guys here know where I'm headed with such a dashboard.
Conversion to an EA that can trade a semi or fully automated trading system is a simple progression from here.
Masterrmind.............
No point though if the participation rate is missing the mark.
All I see currently is plenty of downloads and no paticipation.
I'm sure some of the alert traders out there can see the value in such a dashboard, especially with the continuing updates and then ofcourse the major upgrades.
The columns in v1.04 show daily through to yearly data which provides those all important trading ranges.
Color options are provided allowing preferred ranges to be set for any of the columns.
Symbol anfd highlight toggle buttons now added allowing for the opening of charts at the click of the mouse ... simple stuff but very efficient.
A highlight bar is now provided allowing for easy viewing of key data so you don't lose your row as you move left to right or right to left.
I'm sure the smart guys here know where I'm headed with such a dashboard.
Conversion to an EA that can trade a semi or fully automated trading system is a simple progression from here.
Masterrmind.............
Master your Mind then Master your Trades
v1.04 in the making............. {image} No point though if the participation rate is missing the mark. All I see currently is plenty of downloads and no paticipation. I'm sure some of the alert traders out there can see the value in such a dashboard, especially with the continuing updates and then ofcourse the major upgrades. The columns in v1.04 show daily through to yearly data which provides those all important trading ranges. Color options are provided allowing preferred ranges to be set for any of the columns. Symbol anfd highlight toggle...
Grind until you no longer have to introduce yourself. 4:30am club
- #2,820
- Nov 22, 2018 7:38am Nov 22, 2018 7:38am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} An EA would actually be very useful, either for backtest or other applications
A semi-auto approach is my preference but certainly full auto on very low risk could also be implemented.
Lets see where we head with this concept.
I certainly wish more traders were using MT5 for one reason it would mean far less coding to do, instead of currently doing 2 lots of everything which is verging on the crazy side.
I think I may just have to make the decision and only code MT5 from here on ... hmmm.
Masterrmind..............
Master your Mind then Master your Trades