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Quad Candle System

  • #3,581
  • May 14, 2019 5:34am May 14, 2019 5:34am
Quoting Masterrmind
{quote} EU Price breaks down below the 1to1 harmonic where might price go ? {image} Harmonics can fail ok but look at the level price reversed off on this momentum rush to the downside. Not bad... right ! Recall I generally only use the 127.2 and 161.8 extentions. Masterrmind..............
Looks like the short side on many USD related pairs is the direction for now.

Be mindful of the news and the possibility of a whipsaw PA.
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Masterrmind.............
Master your Mind then Master your Trades
  • #3,582
  • May 14, 2019 5:45am May 14, 2019 5:45am
GU [M5]

Mapping out Support areas and psch price levels.
Attached Image (click to enlarge)
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Look for a reaction of price in these zones.

One idea might be to trade it short after price breaks down below that lower minor Support area.

Perhaps 20 pips is on offer but you need to convince yourself that price will keep diving after that support level gets taken out.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,583
  • May 14, 2019 5:55am May 14, 2019 5:55am
Quoting Masterrmind
GU [M5] Mapping out Support areas and psch price levels. {image} Look for a reaction of price in these zones. One idea might be to trade it short after price breaks down below that lower minor Support area. Perhaps 20 pips is on offer but you need to convince yourself that price will keep diving after that support level gets taken out. Masterrmind.............
GU

Price tags that next lower minor Support area.
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Masterrmind..............
Master your Mind then Master your Trades
  • #3,584
  • May 14, 2019 6:03am May 14, 2019 6:03am
UJ [M5]
Attached Image (click to enlarge)
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Masterrmind..............
Master your Mind then Master your Trades
  • #3,585
  • May 14, 2019 6:07am May 14, 2019 6:07am
Quoting Masterrmind
UJ [M5] {image} Masterrmind..............
UJ

Now short 0.2 lots off the 38.2 Fib.
Attached Image (click to enlarge)
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Masterrmind..............
Master your Mind then Master your Trades
  • #3,586
  • May 21, 2019 5:39am May 21, 2019 5:39am
EURUSD [M5]

Now long on the short term.

Masterrmind....... ☺
Master your Mind then Master your Trades
  • #3,587
  • May 23, 2019 4:00am May 23, 2019 4:00am
GBPJPY [M5]

Short 0.2 lots.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,588
  • May 23, 2019 2:50pm May 23, 2019 2:50pm
EU and GJ trades closed out in profit.

Charts will be posted later.

ps. EN continues to run on.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,589
  • May 31, 2019 1:05am May 31, 2019 1:05am
Quoting Masterrmind
{quote} UJ Now short 0.2 lots off the 38.2 Fib. {image} Masterrmind..............
UJ [M5]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

Loss Trade

-$27.53

Masterrmind..............
Master your Mind then Master your Trades
  • #3,590
  • May 31, 2019 1:16am May 31, 2019 1:16am
Quoting Masterrmind
EU and GJ trades closed out in profit. Charts will be posted later. ps. EN continues to run on. Masterrmind.......
EU [M5]
Attached Image (click to enlarge)
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Winner

+$57.20

GJ [M5]
Attached Image (click to enlarge)
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Winner

+$61.13

Masterrmind................
Master your Mind then Master your Trades
  • #3,591
  • May 31, 2019 1:25am May 31, 2019 1:25am
GJ [M5]

Now long on the short term at 0.2 lots.
Attached Image (click to enlarge)
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Masterrmind.............
Master your Mind then Master your Trades
  • #3,592
  • May 31, 2019 7:26am May 31, 2019 7:26am
GA [M5]

Long 0.4 lots.

Masterrmind.......
Master your Mind then Master your Trades
  • #3,593
  • Jun 3, 2019 4:04am Jun 3, 2019 4:04am
Quoting Masterrmind
GJ [M5] Now long on the short term at 0.2 lots. {image} Masterrmind.............
GJ [M5]
Attached Image (click to enlarge)
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Loss Trade

-$45.97

Masterrmind..............
Master your Mind then Master your Trades
  • #3,594
  • Jun 3, 2019 4:09am Jun 3, 2019 4:09am
Quoting Masterrmind
GA [M5] Long 0.4 lots. Masterrmind.......
GA [M5]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

Winner

+$33.57

Masterrmind..............
Master your Mind then Master your Trades
  • #3,595
  • Jun 3, 2019 4:39am Jun 3, 2019 4:39am
MT5_DL5 Account

Update:

A few trades were executed during the month of May but 10% Gain in Equity was NOT achieved.

Further details can be obtained via myfxbook or FXBlue sites as per links provided in Post 1.

As such I will leave the account at its current risk status of DL3 (Max risk across account of 3.75%, Max lots across account of 0.45 lots and other criteria as set out in Post 1 for DL3 status for open positions will remain in force).

Regular Monthly Deposit of US$1000 has now been funded to the account.

Current Account Balance = US$6102.36.
Attached Image (click to enlarge)
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Only 1 by EURNZD short entry @ 0.5 lots is active but just under water at the current time but collecting positive swap.

Month of June

A combination of both longer term and shorter term trading setups will occur.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,596
  • Jun 3, 2019 4:45am Jun 3, 2019 4:45am
Now searching for shorter term entries to the long or short side.

Volume traded likely to be between 0.10 lots to 0.40 lots.

Masterrmind............
Master your Mind then Master your Trades
  • #3,597
  • Jun 3, 2019 4:51am Jun 3, 2019 4:51am
EU [M5]
Attached Image (click to enlarge)
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UJ [M5]
Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #3,598
  • Jun 3, 2019 4:59am Jun 3, 2019 4:59am
Quoting Masterrmind
EU [M5] {image} UJ [M5] {image} Masterrmind............
Now short UJ @ 0.2 lots
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Masterrmind............
Master your Mind then Master your Trades
  • #3,599
  • Jun 3, 2019 5:06am Jun 3, 2019 5:06am
Now long 0.2 lots on GJ

If price drops down just under that minor level of support I will close out of the trade due to increased risk.
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Masterrmind............
Master your Mind then Master your Trades
  • #3,600
  • Jun 3, 2019 5:19am Jun 3, 2019 5:19am
UJ now moved to BE.
Attached Image (click to enlarge)
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GJ may also move to BE after a little move favorable PA however the SL has been tightened to just below minor support level.
Attached Image (click to enlarge)
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Masterrmind.............
Master your Mind then Master your Trades
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