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Quad Candle System

  • #3,481
  • Mar 22, 2019 3:38am Mar 22, 2019 3:38am
EURJPY
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Masterrmind.............
Master your Mind then Master your Trades
  • #3,482
  • Mar 22, 2019 4:41am Mar 22, 2019 4:41am
My pending trade today.
I expect GBPUSD to strengthen against EURUSD though I don't expect EURUSD to collapse today.
I expect the trade to hit pending limit today and my TP next week. EURUSD won't move but GBP Bulls are rearing to go.
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Practice makes a person perfect
  • #3,483
  • Mar 22, 2019 5:12am Mar 22, 2019 5:12am
Quoting simnz
My pending trade today. I expect GBPUSD to strengthen against EURUSD though I don't expect EURUSD to collapse today. I expect the trade to hit pending limit today and my TP next week. EURUSD won't move but GBP Bulls are rearing to go. {image}
Lets see if the market makes the extra leg down for you.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,484
  • Mar 22, 2019 7:11am Mar 22, 2019 7:11am
Quoting Masterrmind
{quote} Lets see if the market makes the extra leg down for you. Masterrmind.......
If GBPUSD touches 1.3050 my pending order will be filled provided Eurusd and EUR JPY keep quiet.
Practice makes a person perfect
  • #3,485
  • Edited 11:45pm Mar 22, 2019 11:33pm | Edited 11:45pm
Quoting simnz
My pending trade today. I expect GBPUSD to strengthen against EURUSD though I don't expect EURUSD to collapse today. I expect the trade to hit pending limit today and my TP next week. EURUSD won't move but GBP Bulls are rearing to go. {image}
Normally, I trade with pending trades and I set up wishful levels. It requires patience and it has always paid me handsomely. 30% of the time these levels are hit. 70% of the time I miss the boat, sometimes even by 1 pip when I am asleep.

This kind of discretionary trading is a result of my years of observation of the pairs as a ballet dance, my sense of history and use of the past when I worked as a financial journalist, clear understanding as to risks involved in random trading, extensive practice of money management, and always trading from a comfortable buffer cash position. I have trained myself to accept Drawdown as a necessary part of trading and it has helped rein in my psychology of fear and greed.

Masterrmind has made the job quite easy for a wishful trader like me. Thank you Guru.
Practice makes a person perfect
  • #3,486
  • Mar 24, 2019 1:37am Mar 24, 2019 1:37am
Quoting simnz
My pending trade today. I expect GBPUSD to strengthen against EURUSD though I don't expect EURUSD to collapse today. I expect the trade to hit pending limit today and my TP next week. EURUSD won't move but GBP Bulls are rearing to go. {image}
EURGBP
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Masterrmind.............
Master your Mind then Master your Trades
  • #3,487
  • Mar 24, 2019 6:06am Mar 24, 2019 6:06am
Quoting Masterrmind
{quote} EURGBP {image} Masterrmind.............
Put option paid off.
Now waiting for spot wishful trade to happen.
If JPY strengthens I see the chance of my wishful trade to happen this week itself and EURUSD hitting 1.1350
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Practice makes a person perfect
  • #3,488
  • Mar 29, 2019 8:18pm Mar 29, 2019 8:18pm
GBPNZD [Gann :: SQ9_90]
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Masterrmind............
Master your Mind then Master your Trades
  • #3,489
  • Mar 29, 2019 11:07pm Mar 29, 2019 11:07pm
Quoting Masterrmind
GBPNZD [Gann :: SQ9_90] {image} Masterrmind............
Notice that Gann fans and Gann angles are NOT applied to the chart shown on the previous post.

First and foremost these fans and angles cannot be drawn accurately in a simple manner on the MT4 platform.

Although chart scaling can be modified and a reasonable chart produced it is certainly not a simple exercise for a new trader to construct.

For this reason, I prefer to limit some of the basic Gann to the Gann Grid, Gann Projection Dates and the Gann Horizontal Price Levels.

Traders also need to be aware that simplistic Gann S&R levels are being used in the chart above and that far more dynamic Gann price levels are typically applied by the Thread Op.

Nevertheless, some very useful levels are generated and can certainly be applied for profitable trading.

Masterrmind...............
Master your Mind then Master your Trades
  • #3,490
  • Edited 6:29pm Mar 31, 2019 8:54am | Edited 6:29pm
hello master mind
for me its a learning tool
. en see if it can make some differnts
i hope you can learn something from my charts
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  • #3,492
  • Apr 1, 2019 7:51am Apr 1, 2019 7:51am
as you can see harmonics are not always wright
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  • #3,494
  • Apr 2, 2019 7:45am Apr 2, 2019 7:45am
Quoting parish12
en this is another example of murrey math level s {image}
Drawing the harmonic patterns manually should be your first approach.

Advanced harmonics are not to be taken lightly.

Indeed they do fail at times.

Best to focus on ABCD pattern until mastered then take a look at advanced patterns such as Gartley, Crab, Butterfly etc.

You can be a successful trader using only ABCD on any TF with some strict risk control and trade management skills.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,495
  • Edited 10:16am Apr 2, 2019 8:43am | Edited 10:16am
i am trading on a variete off tools indicators ,candle paterns ,

harmonics ,suply en demand zone s murrry math ,ABCD etc...
.

not limiting to one systeem systems . but different systeems

i have learn when you are following one systeem then i am

limiting myself en i dont do that

there are a lot of trade gurus

but i am my own guru .

of course i am trading to make money en not to be right .

en i wait till the trade comes to me not chasing the market
  • #3,496
  • Apr 3, 2019 6:25am Apr 3, 2019 6:25am
Quoting parish12
i am trading on a variete off tools indicators ,candle paterns , harmonics ,suply en demand zone s murrry math ,ABCD etc... . not limiting to one systeem systems . but different systeems i have learn when you are following one systeem then i am limiting myself en i dont do that there are a lot of trade gurus but i am my own guru . of course i am trading to make money en not to be right . en i wait till the trade comes to me not chasing the market
Several system approach may not be the best approach but it is an approach.

The only guru is the one that is transparent and does not fear making a series of public trades showing the good and the bad.
If the result over time shows positive gain with respectable DD where risk has been controlled and trade management skills applied then you have found a guru indeed.

If not then you must look elsewhere as there are too many smoke and mirror traders in these forums that would be highly unlikely to be able to trade themselves out of a wet paper bag (useless for all intents and purposes when it comes to consistent longer term profitability).

I could count less than 5 traders here that would make the grade with most failing miserably.

I would suggest that you follow the guidelines as set out in Post 1 and trade the Quad Candle System not some other hybrid type multi-system approach you have put together if you wish to remain posting charts to this thread, anything less will not be tolerated.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,497
  • Apr 3, 2019 6:43am Apr 3, 2019 6:43am
MT5_DL5 Account

No trades were taken during March.

This means that I will now drop back to the Dream Level 4 for the month of April.

Since 10% gain was not achieved on any of the 3 previous months then this month is deemed the penalty month.

Guidelines are set out in Post 1 regarding a return to the Dream Level 5 status.

Regular monthly deposit of 1K has been funded to the account.
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Equity = $4119.63.
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Lets see if at least a 10% gain in Equity can be made during April.

Additional details will be posted over the next few days regarding lot size capping and other risk related factors.

ps. I wonder why no trades were made in March ?

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,498
  • Apr 3, 2019 7:17am Apr 3, 2019 7:17am
GBPAUD

Observation only.
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Masterrmind.............
Master your Mind then Master your Trades
  • #3,499
  • Apr 3, 2019 11:20am Apr 3, 2019 11:20am
Quoting parish12
as you can see harmonics are not always wright {image}
Parish12, it is mainly because your Harmonic Patterns are not of the same degree, nature, order.
  • #3,500
  • Apr 3, 2019 1:11pm Apr 3, 2019 1:11pm
Just stumbled on the pattern.
Both on US30 and SPX500
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