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Quad Candle System

  • #3,621
  • Jun 7, 2019 6:22am Jun 7, 2019 6:22am
Quoting Masterrmind
{quote} Now a trader can simply risk the full SL here at lets say 5 pips or they could manually close out the trade if price pushed up and crosses or closes above the 88.6 Fib. A move above the 88.6 Fib may suggest that the bulls are likely to have taken over control and we are better to be on the sidelines in this case. Traders call ! Masterrmind.............
EU [M5]

Just hanging in this trade !
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #3,622
  • Jun 7, 2019 6:40am Jun 7, 2019 6:40am
Quoting Masterrmind
{quote} EU [M5] Just hanging in this trade ! {image} Masterrmind..............
EU [M5]

Need to leave the charts so decided to close out trade at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB

I will return very soon for some additional setups on the shorter term trading !

Masterrmind............
Master your Mind then Master your Trades
  • #3,623
  • Jun 7, 2019 7:04am Jun 7, 2019 7:04am
Quoting Masterrmind
{quote} EU [M5] Need to leave the charts so decided to close out trade at BE. {image} I will return very soon for some additional setups on the shorter term trading ! Masterrmind............
As fortune would have it, turned out to be an excellent level to close out of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB

Had the trade been left to run on it would have been stopped out.

Masterrmind............
Master your Mind then Master your Trades
  • #3,624
  • Jun 7, 2019 7:14am Jun 7, 2019 7:14am
GBPJPY [M5]

Possible long setup but on the risky side.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

5 RR ?

Masterrmind............
Master your Mind then Master your Trades
  • #3,625
  • Jun 7, 2019 7:41am Jun 7, 2019 7:41am
Quoting Masterrmind
GBPJPY [M5] Possible long setup but on the risky side. {image} 5 RR ? Masterrmind............
GJ [M5]

Riskier entry resulting in a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB

Masterrmind............
Master your Mind then Master your Trades
  • #3,626
  • Jun 7, 2019 7:59am Jun 7, 2019 7:59am
GBPJPY [M5]

Attempting long off support.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB

SL will be reined in given adequate opportunity based on favorable PA.

Level marked at 61.8 Fib suggests an area where perhaps SL should be tightened or at least SL reduction considered based on PA.

Masterrmind............
Master your Mind then Master your Trades
  • #3,627
  • Jun 7, 2019 10:45am Jun 7, 2019 10:45am
GJ [M5]

Closed out long entry for a small winner.

Have a great weekend traders.

ps. future trades may only be visible via myfxbook or FXBlue sites based on participation of traders.

Masterrmind............
Master your Mind then Master your Trades
  • #3,628
  • Jun 7, 2019 5:11pm Jun 7, 2019 5:11pm
Hello Masterrmind,
I was wondering are you teaching your methods "privately" I see that there are no more systems or trader participation bases on your teachings...

Thank you,
Jeff
Happily Married to MY College Sweet Heart!
  • #3,629
  • Jun 7, 2019 7:44pm Jun 7, 2019 7:44pm
Quoting Jeff59FX
Hello Masterrmind, I was wondering are you teaching your methods "privately" I see that there are no more systems or trader participation bases on your teachings... Thank you, Jeff
There are always many lurkers here happily reading and system hopping to their hearts content but very few who are willing to do what it takes to become a far better trader and trade profitably for a great living.

Post 1 and elsewhere in this thread has highlighted a shorter and longer term trading approach which can be traded in unison and proven to be of great effect.

Nevertheless, traders struggle with doing some good old fashioned hard work and tend to participate far less especially when the fancy trading tools have been taken from their reach.

If only a few traders could attempt to apply Post 1 material and then trade a real account this would be an excellent progression but so far I have not seen any longer term stayers, its just too hard for them I suppose.

Good trading,

Masterrmind.......
Master your Mind then Master your Trades
  • #3,630
  • Jun 8, 2019 7:56pm Jun 8, 2019 7:56pm
Quoting Masterrmind
{quote} There are always many lurkers here happily reading and system hopping to their hearts content but very few who are willing to do what it takes to become a far better trader and trade profitably for a great living. Post 1 and elsewhere in this thread has highlighted a shorter and longer term trading approach which can be traded in unison and proven to be of great effect. Nevertheless, traders struggle with doing some good old fashioned hard work and tend to participate far less especially when the fancy trading tools have been taken from...
I agree with you Masterrmind and it's very sad that about what happened here. I want to know more and more about your teachings and your efforts that goes on here. You started with the Murrey Math System which was Great but switched to the WD Gann methods. Gann's methods are Golden but it takes a LONG time to understand what he taught.
You must understand and I am sure you do about the those who lurk and combine things to make a preference. People always value as to what You say and I certainly do for years I have been following you.
Happily Married to MY College Sweet Heart!
  • #3,631
  • Jun 8, 2019 10:23pm Jun 8, 2019 10:23pm
Quoting Jeff59FX
{quote} I agree with you Masterrmind and it's very sad that about what happened here. I want to know more and more about your teachings and your efforts that goes on here. You started with the Murrey Math System which was Great but switched to the WD Gann methods. Gann's methods are Golden but it takes a LONG time to understand what he taught. You must understand and I am sure you do about the those who lurk and combine things to make a preference. People always value as to what You say and I certainly do for years I have been following you.
I appreciate your kind words.

Gann methodologies can always be continued in this thread, I see no issue with that just need a few interested traders to join in.

As you have correctly pointed out, Gann does take a long time to understand and even longer to apply correctly and then at the end of all this study you 'hope' you have a good handle on it such that your trading results and consistency can jump to the next level.

Remember that my approach to Gann methodologies is my own decades long indepth study of his ways and my own interpretation.

Gann never spelt out in an easy to understand manner exactly what his metodologies were, just bits and pieces and numerous riddles here and there that astute learners had to put together.

I can tell you that my intention in this thread regarding Gann was simply to get the student to think outside the box and explore vastly different methodologies, which I might add can easily be applied to the QCS System for greater confluence.

But its up to the student to take the next step and enlighten themselves, study Gann material and try to make some sense of it.

I have only shown a few basic Gann examples (of which there are far far more and much more complex) without an intention to show all my own Gann knowledge rather only a small portion to get the student started.

Gann methodologies have assisted me immensely in my own private trading and I'm sure other traders can also benefit but they will need to dedicate themselves to studying Gann material indepth and asking as many questions as possible so that the wrinkles can be ironed out.

ps. a little bit of participation here is all that is needed to resurrect the trading tools however, QCS can easily be traded without any tools at all.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,632
  • Jul 8, 2019 5:24am Jul 8, 2019 5:24am
Back to trading and hopefully this time for the long run. I'll post trades as I find them and the reasons for placing them. I want to return to the goal of the thread of making a long run to 1M with monthly deposits as Masterrmind originally planned it and provided guidance.
Before thinking to copy the trades please think that I'm also a newbie and learning, I'm not a professional trader.
Good luck and many pips for everyone.

Update #1: Placed 2 small trades to reactivate the trade explorer of my account. Sell on GER30 (as it's shown in Pepperstone) and EUR/GBP. These trades have some potential but I didn't do a full potential analysis as per post #1 of the thread so I'm out of both for today.
Up to this stage I've completed a 3 months demo profitable run and 2 months on live traded that ended positive as well. Actually thse 5 months are all my trading experience. Followed only instructions in the first post and kept it only on D1.
My current account balance is: 945.93 EUR ( 0.23 made on the 2 trades I took to reactivate the trade explorer ) and I'll hopefully resume deposits to it in a few months after I get in the rhythm again.
Forex - It's finger lickin' good
  • #3,633
  • Jul 8, 2019 6:27am Jul 8, 2019 6:27am
Quoting pipsandkfc
Back to trading and hopefully this time for the long run. I'll post trades as I find them and the reasons for placing them. I want to return to the goal of the thread of making a long run to 1M with monthly deposits as Masterrmind originally planned it and provided guidance. Before thinking to copy the trades please think that I'm also a newbie and learning, I'm not a professional trader. Good luck and many pips for everyone. Update #1: Placed 2 small trades to reactivate the trade explorer of my account. Sell on GER30 (as it's shown in Pepperstone)...
Great to see renewed interest here !

I will certainly be actively monitoring this thread.

Perhaps a few more traders will try the D1 TF's using Post 1 guideline.

ps. Perhaps I'll add in a fresh trading account here too.

Masterrmind............
Master your Mind then Master your Trades
  • #3,634
  • Jul 8, 2019 7:26am Jul 8, 2019 7:26am
Quoting Masterrmind
{quote} Great to see renewed interest here ! I will certainly be actively monitoring this thread. Perhaps a few more traders will try the D1 TF's using Post 1 guideline. ps. Perhaps I'll add in a fresh trading account here too. Masterrmind............
Awesome and as always your input on my trading thinking will be highly appreciated.
Forex - It's finger lickin' good
  • #3,635
  • Jul 8, 2019 8:13am Jul 8, 2019 8:13am
Quoting pipsandkfc
{quote} Awesome and as always your input on my trading thinking will be highly appreciated.
Looking forward to it my friend.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #3,636
  • Jul 8, 2019 5:47pm Jul 8, 2019 5:47pm
Hi Masterrmind,
I was wondering- what set of indicators you recommend to have on here to follow your trading results?

Thank you,

Jeff
Happily Married to MY College Sweet Heart!
  • #3,637
  • Jul 9, 2019 12:36am Jul 9, 2019 12:36am
Buy GBP-USD @ 1.25103 SL/TP open for the moment

Reasons:

1) Price is in extreme MML area on D1 chart (it seems to apply to more GBP related pairs)
2) Location just above the second monthly trendline after the first was broken
3) D1 bars decreased in volume so it seems currently there is no interest in pushing down. This could also mean that for the moment the price is on standby waiting for some news to push it further more.
4) 78.6 fib is also additional support at ~ 1.245
5) Fundamentally the scandal of the leaked memos will fade soon as there is interest on both sides for good relations. This can be seen by the way Trump talked about the incident. He made it personal and not against the entire UK. Since he is an impulsive person if he had no interest the wording would have been much more aggressive.
6) Overall this transaction is not A+ quality but it has some potential. Fed's Chair Powell speech could establish a short term direction as well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rMonthly.png Size: 45 KB
Forex - It's finger lickin' good
  • #3,638
  • Jul 9, 2019 11:16pm Jul 9, 2019 11:16pm
Quoting pipsandkfc
Buy GBP-USD @ 1.25103 SL/TP open for the moment Reasons: 1) Price is in extreme MML area on D1 chart (it seems to apply to more GBP related pairs) 2) Location just above the second monthly trendline after the first was broken 3) D1 bars decreased in volume so it seems currently there is no interest in pushing down. This could also mean that for the moment the price is on standby waiting for some news to push it further more. 4) 78.6 fib is also additional support at ~ 1.245 5) Fundamentally the scandal of the leaked memos will fade soon as there...
Trade is being monitored and another position has been added at 1.24530. I will stay out of looking other trades until I clarify this as I want to avoid large draw downs.
Forex - It's finger lickin' good
  • #3,639
  • Jul 10, 2019 8:53am Jul 10, 2019 8:53am
The trade @ 1.24530 has been closed in profit and only one GBP buy left. I expect a retracement than a push to around 1.26. More monitoring required.
I will not look for additional trades until I see where the GBP is going.

On my to do list:

1) learn to have patience to keep trades longer, after all I'm dealing with D1
2) learn to apply multiple positions the same as Masterrmind advises in post #1
3) stay disciplined and avoid unnecessary risks.
Forex - It's finger lickin' good
  • #3,640
  • Jul 11, 2019 10:42am Jul 11, 2019 10:42am
Second GBP trade closed. It should still go up but I can't monitor it accordingly for now. Notice that now a quad pattern is forming on the GBP/USD but tomorrow is friday so act accordingly.
On Monday I'll review the charts looking for more trades.
This week progress: + 1.1%
Have a great week everyone!
Forex - It's finger lickin' good
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