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Quad Candle System

  • #3,441
  • Mar 5, 2019 9:46am Mar 5, 2019 9:46am
Quoting Masterrmind
{quote} 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...
Hi Masterrmind.
Thank you for your response. There are some factors which led me to my decision to go bearish
Fibonacci: I drew out the Fibonacci retracement levels and figuring that the trend IS going down to perhaps the Fibo 78.6. It passed the 50.0 & the 61.8 thus going on to the 78.6.

Gann Fan:
Created by William Gann, as you know are a mathematical and geometric approach at developing a trading strategy for the Forex, stocks and commodities market. The basics of the use of Gann lines and angles are:
(1) Consideration of price, time and range.
(2) The cyclical nature of the markets.
(3) The geometrical nature and behavior of market prices.

I have done allot of research on this sophisticated tool which comes...as you know standard with Any trading platform- this I wanted to see if me conformation is correct with the status of my trade.

I am studying planetary-time cycles which is one aspect W.D. Gann has noticed through out his trading career.
There is so much to learn and explore and Thank you Masterrmind for your insight and efforts in making us Better Traders!

Best regards,

Jeff ......
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Happily Married to MY College Sweet Heart!
  • #3,442
  • Mar 6, 2019 6:25am Mar 6, 2019 6:25am
Quoting Jeff59FX
{quote} Hi Masterrmind. Thank you for your response. There are some factors which led me to my decision to go bearish Fibonacci: I drew out the Fibonacci retracement levels and figuring that the trend IS going down to perhaps the Fibo 78.6. It passed the 50.0 & the 61.8 thus going on to the 78.6. Gann Fan: Created by William Gann, as you know are a mathematical and geometric approach at developing a trading strategy for the Forex, stocks and commodities market. The basics of the use of...
Many Gann techniques at first pass appear somewhat magical and well outside the norm of trading.

At least until a trader studies multiple charts and puts these Gann techniques to good use then and only then will they have a chance of seeing the light.

It is not an easy journey, in fact it is far from easy but little by little all the elements start coming together and everything makes sense.

Learning how to recognize repeatable market patterns is a major component.

I'm sure you will find the Planetary-time cycles as rather fascinating.

Good work !

Masterrmind.............
Master your Mind then Master your Trades
  • #3,443
  • Mar 6, 2019 6:51am Mar 6, 2019 6:51am
EURAUD

Million dollar chart !
Attached Image (click to enlarge)
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PA near GGZI's !

Recall I mentioned this in a previous post.

If you think I am fitting the Gann scale to the PA ... think again ... it is a factor of 2 relative to the Octive Gap !

Can't pick the direction ? Yes you can ...

Not a bad strike rate is it !

Just to think this is only 1 chart with only a half dozen or so GGZI's, imagine how many opportunities there are over even a few more pairs.

Traders ... study this chart very very closely.

ps. focus on 1 bar either side of the GGZI, anything greater than a day away should be avoided unless you have mastered the technique.

pps. pick an entry ... DD is rather low would you not say ... exit at candle close ...

ppps. This is a Masterrmind technique and NOT a Gann technique, it simply makes use of the Gann Grid under my settings and rather unorthodox approach.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,444
  • Mar 6, 2019 2:18pm Mar 6, 2019 2:18pm
Quoting Masterrmind
{quote} Many Gann techniques at first pass appear somewhat magical and well outside the norm of trading. At least until a trader studies multiple charts and puts these Gann techniques to good use then and only then will they have a chance of seeing the light. It is not an easy journey, in fact it is far from easy but little by little all the elements start coming together and everything makes sense. Learning how to recognize repeatable market patterns is a major component. I'm sure you will find the Planetary-time cycles as rather fascinating. Good...
You are right Masterrmind! Many of the techniques that W.D. Gann uses are incredibly fascinating! I have been a trader for many years now and I needed to understand market structure and successful trading philosophies. Your trading philosophy is Really Great and I am learning as I go.

Thank you

Jeff.....
Happily Married to MY College Sweet Heart!
  • #3,445
  • Mar 7, 2019 6:27am Mar 7, 2019 6:27am
Quoting Masterrmind
EURAUD Million dollar chart ! {image} PA near GGZI's ! Recall I mentioned this in a previous post. If you think I am fitting the Gann scale to the PA ... think again ... it is a factor of 2 relative to the Octive Gap ! Can't pick the direction ? Yes you can ... Not a bad strike rate is it ! Just to think this is only 1 chart with only a half dozen or so GGZI's, imagine how many opportunities there are over even a few more pairs. Traders ... study this chart very very closely. ps. focus on 1 bar either side of the GGZI, anything greater than...
EA with such clear timing, entry and exit logic will work well.
Practice makes a person perfect
  • #3,446
  • Mar 8, 2019 5:42pm Mar 8, 2019 5:42pm
Quoting simnz
{quote} EA with such clear timing, entry and exit logic will work well.
Yes the timing is an important part here but so too is how a trader goes about determining which symbols react best to which GGZI's, afterall it is not a blanket case where one setting fits all, far from it in fact.

Remember what Gann said ... know your stock (or symbol) very well especially how it reacts to certain levels.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,447
  • Mar 9, 2019 10:07pm Mar 9, 2019 10:07pm
SQ9_Date implemented into the QCS_MasterOctive indicator.
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Most likely to be released in early April.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,448
  • Mar 10, 2019 12:19am Mar 10, 2019 12:19am
Example SQ9 Dates

Applying SQ9_Dates @ 45 degrees
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SQ9_Date choice in this case was the significant swing low.

Masterrmind..............
Master your Mind then Master your Trades
  • #3,449
  • Mar 10, 2019 12:28am Mar 10, 2019 12:28am
Quoting Masterrmind
Example SQ9 Dates Applying SQ9_Dates @ 45 degrees {image} SQ9_Date choice in this case was the significant swing low. Masterrmind..............
GN [D1::SQ9_90]
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Masterrmind............
Master your Mind then Master your Trades
  • #3,450
  • Mar 10, 2019 12:34am Mar 10, 2019 12:34am
GN [D1::SQ9_315]
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Masterrmind...........
Master your Mind then Master your Trades
  • #3,451
  • Mar 10, 2019 12:39am Mar 10, 2019 12:39am
Traders can make entries directly off the SQ9 dates is they know what they are doing !

Understanding and applying the Master Octives along with fundamental alignment and risk control in the presence of high confluence is my preference most of the time.

Highly confident setups apply relatively higher risk.
Less confident setups start to shave off greater slices of risk and trade at lower relative volume.

Keeping trading real !

Masterrmind.............
Master your Mind then Master your Trades
  • #3,452
  • Mar 10, 2019 12:45am Mar 10, 2019 12:45am
Quoting Masterrmind
GN [D1::SQ9_315] {image} Masterrmind...........
The SQ9 once understood is a very simple yet highly powerful trading tool.

What traders need to be looking for prior to an entry is firstly the 'best' alignment of PA to a given SQ9 degree (45,90,135,180,225,270,315 or 360).

Hint: Significant Highs or Lows usually work the best but there are several exceptions.

Masterrmind............
Master your Mind then Master your Trades
  • #3,453
  • Mar 10, 2019 3:36am Mar 10, 2019 3:36am
Thank's for a very interesting thread. I'm nubi trader, try to catch the concept but several are still out of my mind. About Gann angle, Planetary cycle and octave grid could you give me a good reference to read about that? Btw the appearance of the dashboard and other indicator is not as your ss. how can i solve this. Thank you much.
  • #3,454
  • Mar 10, 2019 6:51am Mar 10, 2019 6:51am
Quoting Masterrmind
{quote} The SQ9 once understood is a very simple yet highly powerful trading tool. What traders need to be looking for prior to an entry is firstly the 'best' alignment of PA to a given SQ9 degree (45,90,135,180,225,270,315 or 360). Hint: Significant Highs or Lows usually work the best but there are several exceptions. Masterrmind............
Time : this element is always neglected on FF. You have rightly focussed on it. Now a beginner has got a golden opportunity to practise trading on the right lines and can expect to be a profitable trader within a year of regular practice. Thanks to you, a several-years-long frustrating journey is spared for earnest learners.

As an options trader, I am used to thinking in terms of time first when planning to enter a trade. I estimate the time it can take a particular entry to reach TP or a hedging point.I don't use Stop Loss and treat drawdown as part of maintenance margin locked up to give myself some psychologic comfort and mark a black swan point of equity loss. Touch wood, the equity loss point has not been breached because twice when flash crashes happened I was not trading.

Price location is key for me so that I don't get bogged down and use my margin judiciously in lots which can provide me a big buffer to face drawdown. A weekly range is my unit of measurement. I try to enter at 150% of weekly range at extreme points by way of pending trades which I keep shifting taking into account the time and pips taken by trending direction and pullbacks.

But now Mastermind is going to provide a Sq9 dates roadmap which I will follow. It will save me a lot of time in looking for exhaustion points, and estimating TP and reversal times (if trades go in the adverse direction)

Pair behaviour plays an important role in my trading plan. It is important for a no-stop loss trader to keep a deep cash buffer and choose symbols which are receptive to faster mean-reversion and at the same time be clear as to how the trades will be influenced by a single or bunch of news events in hastening or slowing down the mean-reversion process. Practice and observation are needed. A surgeon takes 10 years before the specialist is able to monetise his skills. A trader will need at least 5 years of practice to become a fx specialist and estimate price behaviour and be in a position to take money from the market at will.

Risk management: You have to wear a business person's hat and visualise all kinds of risk scenarios. Myfxbook and fxblue provide free tools to learn this business. Soon they will start asking for money.
Practice makes a person perfect
  • #3,455
  • Mar 12, 2019 9:50am Mar 12, 2019 9:50am
Quoting Masterrmind
{quote} The SQ9 once understood is a very simple yet highly powerful trading tool. What traders need to be looking for prior to an entry is firstly the 'best' alignment of PA to a given SQ9 degree (45,90,135,180,225,270,315 or 360). Hint: Significant Highs or Lows usually work the best but there are several exceptions. Masterrmind............
I want to buy both call and put for currency futures options (a straddle).
Symbol: EURUSD
Expiry: 90 to 120 days from the date of buys.
SQ9 degree: What date and angle are good for the buy (bullish ways). 90 days or 100 days or 120 days?
And what date and angle is good for the sell (bearish view). Even if the direction is not known the date should be able to give an idea of strong movement in any direction.
I will buy both options deep in the money around 85% delta so that I don't have to pay too much extra premium for buying time.
Basically, I will mostly be paying for intrinsic value.

Instead of paying swaps fee and estimated stop loss amount, I will be paying for the time value which will be less than both swap interest cost and the amount I may have to lose on account of stop losses incurred.

Since I am buying Deep In the Money options, I am least worried even if I am proved wrong many times because stop loss is not involved. Even time decay will not hurt my account that much.

My whole focus should be on being right taking profit on any of call or put options first and then on the remainder option.

Say, I invested 420 pips in the call option and 420 pips in the put option. In each case the intrinsic value is 400 pips and 20 pips is time value.

I predict it will be range-trading with no bias for direction. I put TPS for both at 200 pips estimating the trading channel to be 400 pips. If call hits 200 pips TP first I am left with the Put option. I am looking for a reversal to happen soon after the Call option is gone. If reversal happens and hits 200 pips then my profit will be 400 pips.

On an investment of 840 pips I will be getting a profit of 400 pips. I can reduce some of this investment by selling OTM option say 40 pips on each side. But the risk will go up when I will sell a strangle.

The volume of Deep In the Money Options is quite low so it is not easy to liquidate on the basis of volatility gain. It is purely moving like a spot fx trade. If the options remain stuck in a narrow range of 10 pips throughout the time, then the loss at the end of say 120 days will be time decay mainly. around 80 pips + the size of the narrow range.

Can you please advise me two dates that can occur during the expiry of the options when I can liquidate the two options separately?

Thanks.
Practice makes a person perfect
  • #3,456
  • Mar 13, 2019 3:55pm Mar 13, 2019 3:55pm
Quoting simnz
{quote} I want to buy both call and put for currency futures options (a straddle). Symbol: EURUSD Expiry: 90 to 120 days from the date of buys. SQ9 degree: What date and angle are good for the buy (bullish ways). 90 days or 100 days or 120 days? And what date and angle is good for the sell (bearish view). Even if the direction is not known the date should be able to give an idea of strong movement in any direction. I will buy both options deep in the money around 85% delta so that I don't have to pay too much extra premium for buying time. Basically,...
Showing a chart with your attempt at a solution should be your first approach.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,457
  • Mar 13, 2019 6:31pm Mar 13, 2019 6:31pm
I am going for a Trade....GBPNZD set for an OPL 2

Let see what happens!

Jeff
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Happily Married to MY College Sweet Heart!
  • #3,458
  • Mar 15, 2019 3:35am Mar 15, 2019 3:35am
Quoting Jeff59FX
I am going for a Trade....GBPNZD set for an OPL 2 Let see what happens! Jeff {image}
Steady progress but appears your trade is currently more than 80 pips in profit (if its still active).

Nice work !

Masterrmind.............
Master your Mind then Master your Trades
  • #3,459
  • Mar 15, 2019 3:43am Mar 15, 2019 3:43am
I resisted the urge to place setups on the GBP related pairs due in part to NFP and the ongoing Brexit news.

This also relates to the fact that the MT5_DL5 account is still rather fresh and it is my aim to take quality trades over quantity.

Traders will see an accelerated gain on this account over time but it will involve bouts of calculated and aggressive risk at the right time.
My interpretation of the Gann Grid and the Gann projections in time will ensure that ideal setups are applied when possible.

As profit is generated the more likely an aggressive setup is applied because it will be the 'markets money' that I am putting at risk rather than my own money.

I call this profit taken from the market as simply 'buffer profit'.
The idea being to reduce as much as possible any major dips in the Equity Curve below total deposited funds (traders 'invested' coin).

This, ofcourse is not always possible especially on a fresh account so initially some additional attention to the risk applied must be actioned.

QCS Traders are smart traders !

Masterrmind............
Master your Mind then Master your Trades
  • #3,460
  • Mar 15, 2019 3:57am Mar 15, 2019 3:57am
Traders Look !
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Is anyone actually using the dashboard ?

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