Quad Candle System

My suggestion regarding WD Gann material is to pick 1 or 2 elements (there are several) within his methodologies and study these until you understand them very well.

Then practise applying them on both historical, demo and then live markets, in that order.

It a trader seeks an understanding at a very high level then please allow several years to really understand it well.

Traders learn at very different rates so never be worried about any other trader 'apparently' understanding the Gann concepts before you, afterall it is getting to the finish line with a head full of useable knowledge that can be applied for the benefit of making consistent profit in the live market that really counts.

ps. I will add more material with examples on Gann very soon.

Masterrmind.............

Hi mate! could you please share the xls file..(if you want as template) i am trying to build an journal/goaltracker based on promising and actual weekly/monthly targets.. yours looks very usefull to me!
thanks!

Unfortunately no.

I prefer traders to at least have a go at constructing a very basic Excel sheet as I've mentioned many times before.

However, I am more than happy to get you started in the right direction including some cell formulas.

No spoonfeeding in my threads which means I need to see your attempt.

Masterrmind............

Next update is now available in Post 1.


Participation very low based on downloads !!

Masterrmind............

MT5_DL5 Trading Peformance for the month of February 2019

Symbol = GBPNZD
Direction = Short side
Total Trades = 4
Winners = 4
Losers = 0
Total Volume = 0.2 lots
Net pips = +528 pips

DD (Feb) = 0.1%
DD (all time) = 0.1%

Profit (trading) = US$119.48
Rebate = $0.19
Profit (trade + rebate) = US$119.67

Monthly Return = 5.97%


Summary

No trades were made in January so the return for that month was 0.

The trading plan stipulates that at least 1 month out of every 3 must achieve at least 10% gain in Equity to remain at Dream Level 5 otherwise a drop in the DL level will occur known as a penalty month.

Since February did not achieve a minimum of 10% Gain in Equity (only ~6%) then March must produce at least 10%.

Lets see what gains in Equity can be achieved from March.

Masterrmind.............

This system is NOT the same as that system.

The only similarity is, as I have said before is the D1 bar colors as a 2Up/2Dn or 2Dn/2Up pattern and that is it.

The Quad Candle System here is a far more advanced approach which includes and yet is not limited too the following:

- Quad patterns on a D1 TF;
- Risk Control;
- Trade Management;
- Trade Plan;
- Goal setting over the short, medium and longer term horizons;
- Chart structural zones;
- Master Octive zones;
- Gann analysis;
- Fundamental analysis;
- Harmonic analysis; and
- Gaining confluence across multiple trading factors as well as many more techniques.

If you read through Post 1 you would already know this so its highly likely you have skimmed over all the important parts.

I suggest you read Post 1 several times and ask questions to fill in the gaps.

Further, I trade in a transparent manner on a real account with money on the line showing all of my setups from start through to finish.

Can the other 'system' offer anything even close to this ? Highly unlikely !

I hope you drop in from time to time especially to ask questions and to observe my accounts progress.

Afterall, it is my wish to have at least a few students capable of trading in a manner far removed from the typical smoke and mirror approach.

Masterrmind.............

March Deposit (regular)

US$1K has now been deposited into the account.

Current Equity = US$3119.63

ps. 10% Gain in Equity for March means a minimum of US$311.96 must be generated as net profit.

pps. every month 1000 will continue to be deposited into the trading account (ongoing).

Masterrmind............

Quad D1 Preview for Monday

CADCHF
EURGBP
GBPCHF
GBPUSD
USDCAD

Early analysis is a very useful approach.

Do any of these pairs look favorable to trade next week ?

Masterrmind............

Basic Trade Plan for March

Guidelines from Post 1:

4. Assigned Risk Per Trade ARPT (Max.): 5%

5. Assigned Risk Per Account ARPA (Max.): 15%

6. Drawdown (Max DD): 30%

7. Peak To Trough (Equity Max.): 30%

10. Max Lot Size (per trade) and Recommended Volume Ranges:

3K Equity (Max Lot Size = 0.30)
Trade 1 @ 0.03
Trade 2 @ 0.06
Trade 3 @ 0.09
Trade 4 @ 0.12
Trade 5 @ 0.15
Tot. Volume = (0.03 + 0.06 + 0.09 + 0.12 + 0.15) = 0.45 (1.5* Max Lot Size).

Guidelines 4,5,6,7 and 10 will be updated based on Equity levels as trading progresses.

This months key objectives are to remain within the stated guidelines and exceed the monthly target Gain in Equity of 10%.

Masterrmind............

Example Gann Analysis for GBPCHF

The D1 Chart:

Gann Scale Factor of 122.1 is a 1:1 ratio with the Octive Gap on this D1::64 setup.

The highs of the Gann YRD have been taken out so a switch to the Gann UpTrend Grid is actioned.

Plenty of PA activity in and around the Gann Grid Zones of Intersection (GGZI).

Current price rests on the GannUP YRD High level @ close to 1.31725 which is an interesting Gann S&R level.

Price rests close to the OPL_8 Master Resistance level and just inside the Gann Grid.
A possible target for price under these conditions is to move to the lower Gann Grid line which would put price closer to the Master Octive Central Pivot.

The idea before trading this pair would be to watch for any reaction at current levels early next week.

A short setup suggests that PA would dive lower under the OPL_8 level offering up a great RR for an OPL_4 target.

SQ9 Confluence:

Active markets are the name of the game and currencies are notoriously active most of the time and this is the activity we want to see.

SQ9 Dates are best applied on a symbol showing previous confluence along a given Gann SQ9 angle line such as ordinal or cardinal crosses.

Not all symbols in currencies react to the same angles that others react too.

The trader has to analyze historical charts and determine which angles a given symbol reacts too.
This process then must be dynamic meaning that previous PA is constantly analyzed to determine if the symbol now has a preference to react at other angles.

Now using the Excel SQ9 Date proceed to apply dates belonging to other angled lines and place them on the chart.
Look carefully for reactions at these SQ9 Dates.

Now repeat this process over all the major Gann angles (45, 90, 135, 180 etc) looking for historical reactions in PA.

Select the best reaction line for SQ9 dates falling along the same angle.

Use this information to predict possible turning dates or dates of special interest.

Masterrmind.............

Quad Dashboard for Monday

GBPCHF negative swap for the short side.
GBPUSD positive swap for the short side.

Which pair offers the potentially better trade ?

Masterrmind..........

Economic Data coming out this week

Masterrmind...........

Obviously a rather intensive week in terms of the data coming out especially towards the latter end of the week.

So the question is,

Is getting into a longer term trade now advisable ?

Masterrmind............

GBPUSD [GG scale @ 61.0]

Price currently sitting close to the 1.32 handle.

Market undecided as to whether to take price up or drag it back down.

I could offer up about a 2% risk on a short side setup but I am still pondering the idea.

You can see how price has pushed up above the Gann line and then pulled back, note the longer term bullish trend in place.

Is this current PA simply a small pullback before a resumption to the upward trend.

Masterrmind............

Hi Masterrmind..
I am having a hard time getting the Dashboard to function properly

Thank you for your help!

Best regards,

Jeff ..............

I Placed a earlier trade for the EURUSD and this is coming up to the New Moon cycle just passed the OPL_2 and headed to the downside!
There will be a New Moon...March 6th 2019 at 11:03:47am New York NY.

Right around 7:58pm with a planetary or between The Moon and Jupiter applying a square indicating still a bearish market!

Good Trading

Jeff.......

GBPUSD and GBPCHF made some progress to the downside but only very little so I'm pleased I did not enter those setups although progress would have been positive up till now.

In any case the market is likely to trade within a relatively tight range prior to major data coming out.

Masterrmind............

Great use of some Planetary analysis.

I'm not sure how you are applying the trade setup in terms of stops and targets though as I do not see say 1 to 2 octive Gaps for your SL and at least 2 to 4 Octive Gaps for your target.

If you are setting up a shorter duration trade then use either the Auto levels or better yet the Manual levels and simply trade between 2 to 3 of the D1 TF Octives.

OPL_8 is set to the higher D1 Octive (whichever you choose).
OPL_0 is set to the D1 Octive say 2 to 3 octives below the OPL_8 choice.

This translates directly into a reduced distance to the target zone and a faster time to TP (or SL) as the case may be.

Masterrmind.............

Quads for Tuesday on the majors

CADJPY
GBPAUD
GBPNZD
NZDCAD

GA and GN take my interest at this time however, they are not aligned as I would like them to be.

GA trading between Central S&R meaning that smaller targets should be sought until a major breakout of soughts occurs although it is in a reasonably good position as far as the Gann line is concerned (just under it).

GN PA has pulled back to the OPL_7 level after a rollover/pullback of sorts and is now showing a reasonably strong push to higher levels such that recent highs could be tested.

As much as I would like to get into one of these pairs, I will remain patient and seek out a 'better' setup.

Masterrmind.............