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Quad Candle System

  • #3,101
  • Jan 8, 2019 2:04pm Jan 8, 2019 2:04pm
Quoting Masterrmind
{quote} It is my intention to keep this thread running. The QCS methodology has proven itself worthy over a transparent 12 month trading period. The Master Octive toolset will be released in beta format towards the end of this following weekend initially in MT4 format followed shortly after by MT5. For those traders wishing to have a dashboard without expiries please understand that this is not likely to happen. Far too often traders take the tools provided by others and run off into the sunset applying them in a way far removed from their intended...
Hello Masterrmind,
I am as you know am in this- I know that your system has proven many times over and I Love that! I want to learn something that works not only in the short term but in the long term as well. It is so Great that I can talk to you and others about how to trade the Forex cause I want to do this the right way. you and pipsandkfc have been and always been an inspiration! Many thanks ALWAYS!

Jeff.......
Happily Married to MY College Sweet Heart!
  • #3,102
  • Jan 8, 2019 2:56pm Jan 8, 2019 2:56pm
Quoting Masterrmind
{quote} Nice work Jeff very nice of you to post your setups, it is appreciated. Good work ! Masterrmind............
Thank you Masterrmind so very Much...
Happily Married to MY College Sweet Heart!
  • #3,103
  • Jan 9, 2019 7:10am Jan 9, 2019 7:10am
Quoting pipsandkfc
I got a question on quads formed recently that include that big tail bullish hammers? Should we consider it as a good signal or just bypass? The question is related only to the pattern didn't do any other analysis because I'm not sure if this is a valid quad or not. Also on a separate note, these hammers should be ignored or traded accordingly? My opinion about these is that: the buy orders triggered in the tail are taking profits now from the traders that are entering following that bar and in fact they will prove to take the market in the opposite...
Traders really need to get into some of the fundamental analysis.

Going long off a Quad like that is certainly not without risk especially with such a 'loose' pattern.

These drops were rather significant when they occurred so any entry under these conditions should certainly be made using risk on the lower side.

Accumulation of longs is certainly occuring and in time the process will unfold.

If the market starts to consolidate over the next few days, spend the time analyzing the pros and cons for your preferred bias.

Based on the Grid the bias should be long but does the fundamental analysis support this direction ?

Masterrmind............
Master your Mind then Master your Trades
  • #3,104
  • Jan 9, 2019 7:15am Jan 9, 2019 7:15am
Quoting Jeff59FX
{quote} Hello Masterrmind, I am as you know am in this- I know that your system has proven many times over and I Love that! I want to learn something that works not only in the short term but in the long term as well. It is so Great that I can talk to you and others about how to trade the Forex cause I want to do this the right way. you and pipsandkfc have been and always been an inspiration! Many thanks ALWAYS! Jeff.......
The QCS methodology and the contents of Post 1 will take you to your destination.

Much of the roller coaster ride will be based on the level of risk you apply to your setups.

Its not possible to master such a system is a very short period of time but it is certainly worth spending the time to absorb the information and then practise applying it in the market place.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #3,105
  • Jan 9, 2019 7:25am Jan 9, 2019 7:25am
Quoting Masterrmind
{quote} Traders really need to get into some of the fundamental analysis. Going long off a Quad like that is certainly not without risk especially with such a 'loose' pattern. These drops were rather significant when they occurred so any entry under these conditions should certainly be made using risk on the lower side. Accumulation of longs is certainly occuring and in time the process will unfold. If the market starts to consolidate over the next few days, spend the time analyzing the pros and cons for your preferred bias. Based on the Grid the...
I think things are looking kind of mixed fundamentally and those spikes could just be preparing the space for bigger down moves? Also those spikes made big gaps in the MML Octives...
Actually I think these days, until the week ends, will be just for waiting and not taking positions?
Forex - It's finger lickin' good
  • #3,106
  • Jan 9, 2019 2:25pm Jan 9, 2019 2:25pm
Hello to all!

This is a QUAD CANDLE Update,
Last Hour the price has passed my QUAD CANDLE point of entry ! I am going for a 30 Pip gain!

Will update more......
Jeff...............
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1078 Jan. 09 13.17.jpg Size: 252 KB
Happily Married to MY College Sweet Heart!
  • #3,107
  • Jan 9, 2019 3:26pm Jan 9, 2019 3:26pm
Quoting Jeff59FX
Hello to all! This is a QUAD CANDLE Update, Last Hour the price has passed my QUAD CANDLE point of entry ! I am going for a 30 Pip gain! Will update more...... Jeff............... {image}
That's great news and it looks like the current candle engulfs the red one so it's another bull reason. Hope it hits your target soon!
Forex - It's finger lickin' good
  • #3,108
  • Jan 9, 2019 3:45pm Jan 9, 2019 3:45pm
Quoting pipsandkfc
{quote} That's great news and it looks like the current candle engulfs the red one so it's another bull reason. Hope it hits your target soon!
Thank you pipsandkfc,
I know that the MML Octive will head up to the direction I want it to go and we will see what happens in the near Future....
Happily Married to MY College Sweet Heart!
  • #3,109
  • Jan 10, 2019 2:25am Jan 10, 2019 2:25am
Quoting pipsandkfc
{quote} I think things are looking kind of mixed fundamentally and those spikes could just be preparing the space for bigger down moves? Also those spikes made big gaps in the MML Octives... Actually I think these days, until the week ends, will be just for waiting and not taking positions?
This is the response I was looking for and you have nailed it.

Big spikes should always signal caution.

Thankfully such spikes are not common on a day to day basis because if they were it would not be possible to trade retail FX for longer term profit.

This is because every day a spike would run through your stop and ultimately turn your account into ashes.

Keep monitoring the USD Govt shutdown and in particular look for some early signs that the shutdown is nearing an end.

Then some opportunities will open up for us.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,110
  • Jan 10, 2019 3:17am Jan 10, 2019 3:17am
Master Octive (MT4)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB

Much more yet to come !

Masterrmind.............
Master your Mind then Master your Trades
  • #3,111
  • Jan 10, 2019 2:40pm Jan 10, 2019 2:40pm
Quoting Masterrmind
Master Octive (MT4) {image} Much more yet to come ! Masterrmind.............
Looks awesome. Is it going to work like Gann Grid?
Forex - It's finger lickin' good
  • #3,112
  • Jan 10, 2019 2:51pm Jan 10, 2019 2:51pm
I know it's not trading time but I was reviewing something and found it interesting GBP related.

Do we have a fundamental confluence with a technical aspect?

1) The push for a Brexit deal by Japanese PM, large companies inside UK and current political structure?
2) Price block in the D1 chart in the last 3 bars virtually the same low?

And on the upside we have the trendline that seems to currently hold. If the trendline is broken by some favorable news it's got a lot of place for the upside and this would favor the saying of the path of least resistance?

An additional question, next week we should avoid GBP pairs due to BREXIT and increased volatility, no?
And another additional question, during times like these playing the ranges that are created in the waiting process for the news is worth it? Buy from the bottom of the range and sell to the top and so on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.rWeekly.png Size: 50 KB
Click to Enlarge Name: GBPUSD.rDaily.png Size: 41 KB
Forex - It's finger lickin' good
  • #3,113
  • Jan 10, 2019 3:32pm Jan 10, 2019 3:32pm
Quoting Masterrmind
Master Octive (MT4) {image} Much more yet to come ! Masterrmind.............
That Looks Great Masterrmind...I great way to learn how patterns in the market are

Thank you for your time and efforts


Jeff......
Happily Married to MY College Sweet Heart!
  • #3,114
  • Jan 11, 2019 2:52am Jan 11, 2019 2:52am
Quoting pipsandkfc
{quote} Looks awesome. Is it going to work like Gann Grid?
A Gann Grid forms part of the confluence part so it will be used in the QCS methodology from 2019.
Traders do not have to apply the Gann techniques in their QCS setups though as the system works perfectly fine without them.

Question: So why would I be implementing Gann techniques ?

Answer:
The main reason is so that projections of price in time and expectations can be layed out in far greater detail.
This will all then align with the Master Octive Grid providing key levels to target.


The plan is to eventually automate the 'Gann Grid' setup as much as possible so that it is easier for traders to apply.
This is because understanding the correct Gann methodology is far from a simple process and the Grid is actually dynamic meaning that as PA unfolds and completes a major move in the market an alignment must take place for the next setup.

I will explain the pros and cons of applying a 'Gann Grid' in both MT4 and MT5 formats at a later time.

Out of the 2 platforms MT5 is my preference however, it is not the 'best' platform for drawing Gann Grids and other Gann related techniques.

Nevertheless, since most traders here use either of these 2 platforms then I have little choice but to provide tools in mql4 and mql5.

Needless to say the process of creating tools in both languages is time consuming.

Traders should continue to apply the previous tools until the 'new' tools become available in beta format.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,115
  • Jan 11, 2019 8:47am Jan 11, 2019 8:47am
I like to post an update to the trade I did earlier in the week. I hit my projected target and it continued further

After the Daily candle expired knocking into 3/8 Lower Pipe zone a New candle had formed....right now it is a bearish one!

Jeff.....
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_1080 Jan. 11 07.34.jpg Size: 257 KB
Happily Married to MY College Sweet Heart!
  • #3,116
  • Jan 11, 2019 1:15pm Jan 11, 2019 1:15pm
Quoting Masterrmind
Master Octive (MT4) {image} Much more yet to come ! Masterrmind.............
Hi Masterrmind...Would this also include "The Circles of Conflict"? an option to show on the chart?
Happily Married to MY College Sweet Heart!
  • #3,117
  • Jan 11, 2019 2:55pm Jan 11, 2019 2:55pm
Quoting Masterrmind
{quote} A Gann Grid forms part of the confluence part so it will be used in the QCS methodology from 2019. Traders do not have to apply the Gann techniques in their QCS setups though as the system works perfectly fine without them. Question: So why would I be implementing Gann techniques ? Answer: The main reason is so that projections of price in time and expectations can be layed out in far greater detail. This will all then align with the Master Octive Grid providing key levels to target. The plan is to eventually automate the 'Gann Grid' setup...
Awesome, so this year we'll learn:

- Advanced Harmonics
- Gann Methodology

Looks like an interesting year
Forex - It's finger lickin' good
  • #3,118
  • Jan 11, 2019 4:32pm Jan 11, 2019 4:32pm
Quoting Jeff59FX
I like to post an update to the trade I did earlier in the week. I hit my projected target and it continued further After the Daily candle expired knocking into 3/8 Lower Pipe zone a New candle had formed....right now it is a bearish one! Jeff..... {image}
Nice trade Jeff !

However, from a chart structural point of view the target area could have been much better.

How ? I hear you ask.

If you look at the cluster of candles 8 to 11 left of your entry candle you will notice how aggressively the bulls ripped price up between the 3/8 and 4/8 zones.

Based on a long bias (correct in this case) a target of either 3/8 or 4/8 could have been applied (even before the fact based on previous PA).

This target zone even at the 3/8 level would have provided a 'better' RR.

Great work on the profitable trade but hopefully you can see how a much better result could have been achieved.

ps. Why did you choose that target in the first place as it does not align with an MML level ?

pps. On an aside note it appears I may have uploaded an incorrect ADR indicator version as the AMR values showing on your chart are wrong !

Masterrmind............
Master your Mind then Master your Trades
  • #3,119
  • Jan 11, 2019 4:38pm Jan 11, 2019 4:38pm
Quoting Jeff59FX
{quote} Hi Masterrmind...Would this also include "The Circles of Conflict"? an option to show on the chart?
No.

I have no intention of showing the Circles of Conflict especially as it relates to the Murrey Math method.

The focus from this year on is Gann not Murrey.

Levels soon to be shown in the Master Octive indicator will use the terminology 'OPL' representing Octive Price Level.

The Master Octive Trading Frame will range from OPL_0 up to OPL_8 representing 1/8 moves.

OB zone will be capped at OPL_Top.
OS zone will be capped at OPL_Base.

Masterrmind............
Master your Mind then Master your Trades
  • #3,120
  • Jan 11, 2019 7:56pm Jan 11, 2019 7:56pm
Quoting Masterrmind
{quote} Nice trade Jeff ! However, from a chart structural point of view the target area could have been much better. How ? I hear you ask. If you look at the cluster of candles 8 to 11 left of your entry candle you will notice how aggressively the bulls ripped price up between the 3/8 and 4/8 zones. Based on a long bias (correct in this case) a target of either 3/8 or 4/8 could have been applied (even before the fact based on previous PA). This target zone even at the 3/8 level would have provided a 'better' RR. Great work on the profitable trade...
Thank you Masterrmind,
I am beginning to understand how your system works structurally and the points you pointed out! You are right....I should have gone higher with the buy trad and I decided to go for a 30 pip run! It would have been better if my TP line was placed before the major (3/8)P Even the price went through the (2/8)P, so I could have improved my judgement for the TP.

By the way...do you move the SL line behind the actual price advancement to secure pips?

Thank you!

Jeff
Happily Married to MY College Sweet Heart!
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