Quad Candle System

Quoting Masterrmind

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{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...

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Quoting OAPDave

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Solid start with a 2:1 Risk Reward Trade Banked + 100 pips {image} {image}

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Quoting Jeff59FX

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{quote} 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

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Quoting Jeff59FX

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{quote} How do I fix the ADR/AMR problem?

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Quoting pipsandkfc

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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?...

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Quoting Masterrmind

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The use of the simple Square of Nine for projections of Price in Time. {image} How might this assist in producing projections of likely turning points ? Masterrmind.............

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Quoting Masterrmind

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{quote} AUDUSD [D1 Chart] Fibonacci, Gann Grid and Gann projections. {image} No Master Octive. Masterrmind............

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Quoting Masterrmind

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{quote} Always be very careful of any political points of view even if they come from a PM. The Weekly candle has now closed just above the trendline you have drawn on your chart. Plenty of traders are perhaps looking to the long side on this pair because as you correctly stated this pair does have plenty of room to move above current levels. My approach would be to wait and see how the next round of talks progress because I see further risk in trading this pair long. Will it keep charging up the chart, will it consolidate or will it drop down to...

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Quoting Masterrmind

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{quote} AUDUSD [D1 Chart] Fibonacci, Gann Grid and Gann projections. {image} No Master Octive. Masterrmind............

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Quoting pipsandkfc

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{quote} Now the risk reward ratio I think it's too big for putting a trade on GBP but closer to the matching lows price it was worth a test. There is time to find other setups in the future so I'm not worried about waiting it out.

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Quoting Masterrmind

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{quote} If the setup is not quite what you are looking for certainly consider other options. You would certainly be after a good start on a fresh real account. Masterrmind.........

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Quoting pipsandkfc

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{quote} About Gann I remember in the thread in the past you were talking with OAPDave something about not being able to display it right on laptop monitors due to the 16:9 ratio I think? It's because of the fact that Gann should be at 45% ( at least this is what I understood from a basic reading about Gann). You'd consider Gann better confluence than harmonics?

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Quoting Masterrmind

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The use of the simple Square of Nine for projections of Price in Time. {image} How might this assist in producing projections of likely turning points ? Masterrmind.............

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Quoting Masterrmind

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{quote} You can tighten stops on positive progress whilst in a trade. How and when you tighten the stops is at a traders discretion there is no hard and fast rules that can be applied to this action. The only way to judge to success is after the fact and by that time there is littel you can do to improve the trade result since the trade is finished. Experience is what is likely to improve a traders judgement calls on average over time. Masterrmind.............

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Quoting Masterrmind

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{quote} You do not fix the problem. I will amend the code and upload a corrected version later. Thank you, Masterrmind...........

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Quoting Masterrmind

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The use of the simple Square of Nine for projections of Price in Time. {image} How might this assist in producing projections of likely turning points ? Masterrmind.............

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Quoting pipsandkfc

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I've reviewed the Gann Square of Nine and the link posted by HumbleLearne but I really can't get a clear understanding of why should we sell at that price or buy at the other? I think Gann requires extensive studies and discretionary applicating? Also I've inputted some prices in the http://www.pivottrading.co.in/pages/gannSquareof9.php and it just resulted in buy above a round number and sell below a round one? This would just mean to take market momentum and the fact the round prices act as support/resistance? I really think I'm not...

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