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Quad Candle System

  • #2,861
  • Nov 26, 2018 2:12am Nov 26, 2018 2:12am
Hello Mastermind

Thanks a lot for sharing this method...trying to go through all the information you have provided.

Cheers
  • #2,862
  • Nov 26, 2018 3:20am Nov 26, 2018 3:20am
Quoting dev_19_81
Hello Mastermind Thanks a lot for sharing this method...trying to go through all the information you have provided. Cheers
My pleasure.

It is my hope that you gain alot of benefit from the material.

Its all geared towards a longer term investor type approach even though we are trading retail FX.

Enjoy the journey.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,863
  • Nov 26, 2018 9:34am Nov 26, 2018 9:34am
Thank you MasterMind for a very informative posts which contributes to Forex success

Best regards

Jeff
Happily Married to MY College Sweet Heart!
  • #2,864
  • Nov 26, 2018 11:12am Nov 26, 2018 11:12am
Hi Everyone

Took This trade on EUR/GBP....satisfying conditions and expecting fundamental news of brexit to be in favour.
Attached Image (click to enlarge)
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  • #2,865
  • Nov 26, 2018 8:32pm Nov 26, 2018 8:32pm
Quoting Jeff59FX
Thank you MasterMind for a very informative posts which contributes to Forex success Best regards Jeff
All the information is contained within Post 1 so traders only need to read, understand and apply it.

A smart trader will then use only the information necessary to produce consistent long term results that fit within his or her trading mindset.

Analyzing plenty of information is one thing but being able to extract only what is required is an art in itself.

All the best to you and I hope you reach the success you are striving to achieve.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,866
  • Nov 26, 2018 8:34pm Nov 26, 2018 8:34pm
Quoting dev_19_81
Hi Everyone Took This trade on EUR/GBP....satisfying conditions and expecting fundamental news of brexit to be in favour. {image}
SL between 1 and 2 octives and just above the recent swing highs ... good !

GBP related pairs are likely to go through some whipsaw PA so be prepared to monitor your trades closely.

You can always get back in again if you get knocked out of a position so a good idea to trade at low risk on initial entries.

Traders call as always.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,867
  • Nov 27, 2018 2:13am Nov 27, 2018 2:13am
Certainly not much showing on the Dash today which makes it a challenge to get into some trades.

So my plan may well be to hit 2 octives of a D1 chart splitting it into an aggressively staged shorter term cycle.

Anyone have a pair of interest ?

Masterrmind.............
Master your Mind then Master your Trades
  • #2,868
  • Nov 27, 2018 2:30am Nov 27, 2018 2:30am
Any clues hidden within the ranges shown on the Dash ?
Attached Image (click to enlarge)
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We are in London session so why not look for opportunities on pairs that typically move well within the London session.

EUR and GBP related pairs come to mind.

So why not highlight these pairs in the Dash and consider the current Octive zones, where price has been throughout the current day, how far the pair has moved and whats possibly left in it (hint: check ADR values).

Any trader like to attempt to fill in the gaps ?

Note: Remember I am only after a 2 Octave move or part thereof as my current focus is on the 'short term'.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,869
  • Nov 27, 2018 6:21am Nov 27, 2018 6:21am
Quoting Masterrmind
Any clues hidden within the ranges shown on the Dash ? {image} We are in London session so why not look for opportunities on pairs that typically move well within the London session. EUR and GBP related pairs come to mind. So why not highlight these pairs in the Dash and consider the current Octive zones, where price has been throughout the current day, how far the pair has moved and whats possibly left in it (hint: check ADR values). Any trader like to attempt to fill in the gaps ? Note: Remember I am only after a 2 Octave move or part thereof...
Mastermind well done. Yes am seeing few trades in the dash.
Is you dash a hybrid of what I got from the first post. It looks different.
  • #2,870
  • Nov 27, 2018 6:39am Nov 27, 2018 6:39am
Quoting Kamaanya
{quote} Mastermind well done. Yes am seeing few trades in the dash. Is you dash a hybrid of what I got from the first post. It looks different.
Yes the dash I'm posting is v1.04 to be released after some further testing.
Attached Image (click to enlarge)
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Post 1 currently has v1.03 but it still carries the ranges however it does not show pips broken down into direction above and below the Daily Open price as v1.04 does.
Attached Image (click to enlarge)
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What I'm looking for is a current range that is well down on its ADR value as a starting point for getting into an aggressive short term cycle (long or short).

Then analyzing a few charts that meet this criteria for a setup.

Which pairs are candidates ?

Are they worth trading at this time ?

Masterrmind..............
Master your Mind then Master your Trades
  • #2,871
  • Nov 27, 2018 6:51am Nov 27, 2018 6:51am
Quoting Masterrmind
{quote} Yes the dash I'm posting is v1.04 to be released after some further testing. {image} Post 1 currently has v1.03 but it still carries the ranges however it does not show pips broken down into direction above and below the Daily Open price as v1.04 does. {image} What I'm looking for is a current range that is well down on its ADR value as a starting point for getting into an aggressive short term cycle (long or short). Then analyzing a few charts that meet this criteria for a setup. Which pairs are candidates ? Are they worth trading at this...
Thanks for your timely response please.

I can see u have highlighted possible short candidate pairs. Now that NY has opened up, would it be the best time to perhaps short such pairs but after further analysis. Thank you.
  • #2,872
  • Nov 27, 2018 7:06am Nov 27, 2018 7:06am
Quoting Kamaanya
{quote} Thanks for your timely response please. I can see u have highlighted possible short candidate pairs. Now that NY has opened up, would it be the best time to perhaps short such pairs but after further analysis. Thank you.
Yes certainly look at NY related currencies.

Ones containing USD and CAD of which there are many.

I'm only looking for say 2 Octive Gap move on a D1 chart with an entry on say an M15 chart.

So I'm looking for a pair with plnty of room left in the ADR to give me ahead start.

Masterrmind.............
Master your Mind then Master your Trades
  • #2,873
  • Nov 27, 2018 7:18am Nov 27, 2018 7:18am
Here is GBPCAD.
Attached Image (click to enlarge)
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Dash shows current location of price within the octive range 2/8 to 3/8.
Attached Image (click to enlarge)
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Previous 2 days have been down, including today.

ADR still has approx 158-86 pips left in it based on average movement per day.

Is this pair worth a shot over 2 by D1 octive gaps trading down to say the 1/8 or 0/8 levels ?

The "blue" colored numbering is simply highlighting the typical fast movers with ADR's >= 100 pips.

GBPUSD still has about 70 pips left in it so perhaps worth a look.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,874
  • Nov 27, 2018 7:30am Nov 27, 2018 7:30am
GBPUSD [D1;64]
Attached Image (click to enlarge)
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Masterrmind.............
Master your Mind then Master your Trades
  • #2,875
  • Nov 27, 2018 7:51am Nov 27, 2018 7:51am
Quoting OAPDave
Strange but I have a difference in range ? {image}
Just found out the Pepper charts were not updating so a lagging bar range was the result showing only 86 odd pips.

Then after a forced refresh the bar grew out to 125 ..... unreal.

IC charts are the same as yours though at 125 pips.

I know what I'll be doing now.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,876
  • Nov 27, 2018 7:53am Nov 27, 2018 7:53am
Anyway I'm afraid thats all from me tonight its rest time.

Trade well everyone.

I'll see if I can get into a 2 octive trade setup tomorrow.

Masterrmind..............
Master your Mind then Master your Trades
  • #2,877
  • Nov 27, 2018 12:14pm Nov 27, 2018 12:14pm
Hi All...
Almost reaching my Target; a 20 PiP run for the AUDCHF

Best regards,
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1066 Nov. 27 11.08.jpg Size: 248 KB
Happily Married to MY College Sweet Heart!
  • #2,878
  • Nov 29, 2018 4:10am Nov 29, 2018 4:10am
GBPAUD [D1;64]

Long ??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #2,879
  • Nov 29, 2018 4:14am Nov 29, 2018 4:14am
Or short EN under the D1 central pivot ?
Attached Image (click to enlarge)
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Only after 2 octives on an aggressive setup.

What this means is that I take the 2 Octive prices on the D1 chart then create a setup on say an M15 chart with a series of pending orders all contained within these 2 price levels.

Question is which pair will I trade ?

Masterrmind.............
Master your Mind then Master your Trades
  • #2,880
  • Nov 29, 2018 4:19am Nov 29, 2018 4:19am
I'm going to make the setup tonight and look to close it out tomorrow prior to NY+2 hours.

Time to put your thinking caps on.

How much risk will I apply ?

How much potential %gain in Equity will I seek ?

Risk 3% to potentially make 6-9% ?

Risk 5% to potentially make 10-15% ?

Which symbol is likely to provide such a move ?

Note that I will not trade against the Grid as in a breakout but I may trade down to the lower Octive boundary or up to the upper boundary.

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