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Quad Candle System

  • #3,741
  • Oct 30, 2019 12:37pm Oct 30, 2019 12:37pm
Quoting pipsandkfc
{quote} GER30 still on radar. Also looking at USD-CAD buy. Hopefully tomorrow I'll trade it. {image}
USDCAD moved today into the buy direction, GER30 is showing some stalling. I guess I must use pending orders if I want to be in trades since I'm not always available at PC.

Splendid trades Masterrmind, you exceded DL5.
Forex - It's finger lickin' good
  • #3,742
  • Nov 1, 2019 4:10am Nov 1, 2019 4:10am
good walk
I start my challenge this week with live 10,000
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,743
  • Nov 1, 2019 9:13am Nov 1, 2019 9:13am
Also took a short on gold from 1510.01 ; TP 1487.26 SL 1522
Area of 1517 till 1477 looks like a range for me and now I must wait to see if price moves to the bottom of the range.
Forex - It's finger lickin' good
  • #3,744
  • Nov 1, 2019 10:32am Nov 1, 2019 10:32am
Quoting Macd-rsi
good walk I start my challenge this week with live 10,000
Good luck!
Forex - It's finger lickin' good
  • #3,745
  • Nov 2, 2019 6:39am Nov 2, 2019 6:39am
Quoting pipsandkfc
{quote} USDCAD moved today into the buy direction, GER30 is showing some stalling. I guess I must use pending orders if I want to be in trades since I'm not always available at PC. Splendid trades Masterrmind, you exceded DL5.
Yes on balance certainly looks great.

But its on Equity that counts.

Provided price steadies and then rolls over next week all is ok.

Bit of floating DD but its the nature of the business.

I'll keep accumulating swap in the meantime.

A previous post gave 2 other strategies which may come into effect if price continues its upward run.

Certainly does not take much news on Gold to run it $10 to $20 against you so tracking current DD is important especially when margin is needed to sufficiently operate these other strategies.

I'll talk more about the other strategies if or when I need to cross that bridge.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #3,746
  • Nov 2, 2019 12:44pm Nov 2, 2019 12:44pm
Quoting Masterrmind
{quote} Yes on balance certainly looks great. But its on Equity that counts. Provided price steadies and then rolls over next week all is ok. Bit of floating DD but its the nature of the business. I'll keep accumulating swap in the meantime. A previous post gave 2 other strategies which may come into effect if price continues its upward run. Certainly does not take much news on Gold to run it $10 to $20 against you so tracking current DD is important especially when margin is needed to sufficiently operate these other strategies. I'll talk more...
True about equity. If/when time comes will you provide detailed explanations (or just basic ones?) also on the cash injection and hedging strategies that you plan to apply? These have not been explained in the first post until now as far as I know.
The weekly close on XAU-USD looks now somewhat bullish but still in the range... but I guess time will tell how it actually goes. I'm starting to embrace that in forex it's all about probabilities now certainty when placing and order.
Looking forward for your next trading ideeas. Hopefully I'll find some as well during the next week and I'll be able to detail it in the thread. The gold one is a somewhat impulsive trade I placed...
Forex - It's finger lickin' good
  • #3,747
  • Nov 3, 2019 5:36am Nov 3, 2019 5:36am
Quoting pipsandkfc
{quote} True about equity. If/when time comes will you provide detailed explanations (or just basic ones?) also on the cash injection and hedging strategies that you plan to apply? These have not been explained in the first post until now as far as I know. The weekly close on XAU-USD looks now somewhat bullish but still in the range... but I guess time will tell how it actually goes. I'm starting to embrace that in forex it's all about probabilities now certainty when placing and order. Looking forward for your next trading ideeas. Hopefully I'll...
You are quite correct these other strategies have not been explained at all.

Each situation is somewhat unique but I will elaborate on what I am attempting to achieve as close to real time as possible when I believe the strategy should be applied.

Due to the speed of the market and the fact I may not always be at the charts an explanation will follow soon after in such a situation.

Examples can be given though and even ahead of time for the current QCS cycle of trades so I'll start addressing that early this week.

Initially, I'm keeping a watch over current floating drawdown level and need to ensure that DD does not exceed my assigned limit which happens to be 30%.

Then Im keen to see how price reacts to the resistance levels left chart structure.

If price holds and rolls over near these levels then I may not need to implement additional strategies at all.

You might recall last time DD hit about 50% of my assigned limit and then sell stop strategy was applied to capture additional profit on the way down to lower support levels around the 1500 handle.

I keep a very close watch over the PA and start mapping out potential ranges in the days and weeks ahead so I have an expectation of where price could go and what strategy I should apply based on a certain outcome.

Don't forget about the news bursts and the fundamental drivers.

Gann always said that what has happened before will happen again ... several other legends have also made similar voicings.

This coming week I'll post an annotated chart which should help in the understanding of these other strategies.

I have numerous strategies but due to trading D1 charts in this thread and my desire to address strategies as the real trading unfolds it means often its a very long time before such strategies are elaborated on.

If I post the strategies in Post 1 traders most likely will copy the info and run off never to be seen again.

At least by doing it this way I get to see who is contributing and who may not be.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,748
  • Nov 3, 2019 6:08am Nov 3, 2019 6:08am
Signature TE for QCS has been removed from my signature but will remain visible in my profile or at the top of this thread.

I also run a GamblerPro thread using disposable income and for that I like to attach the TE to my signature.

Just in case you think the QCS TE has been deleted which it certainly will not be as I said it will be up for 12 months.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,749
  • Nov 3, 2019 6:32am Nov 3, 2019 6:32am
Quoting pipsandkfc
{quote} Good luck!
it is assigned for risky-suiciding transactions.
now -12%
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,750
  • Nov 3, 2019 6:35am Nov 3, 2019 6:35am
Quoting Macd-rsi
{quote} it is assigned for risky-suiciding transactions. now -12%
of course my "buddies" can see it all the time!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 32 KB
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #3,751
  • Nov 4, 2019 11:04am Nov 4, 2019 11:04am
Closed the XAU-USD with small profit and will look for more trades.
Also starting to plan constant deposits to my account so I can start the 1M goal as stated in the thread.
Forex - It's finger lickin' good
  • #3,752
  • Nov 4, 2019 12:52pm Nov 4, 2019 12:52pm
*GER30 entered into the potential reversal zone, now looking for some price action reversal pattern to enter.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30.rDaily.png Size: 47 KB
Click to Enlarge Name: GER30.rWeekly.png Size: 53 KB
Forex - It's finger lickin' good
  • #3,753
  • Nov 5, 2019 6:17am Nov 5, 2019 6:17am
Quoting pipsandkfc
Closed the XAU-USD with small profit and will look for more trades. Also starting to plan constant deposits to my account so I can start the 1M goal as stated in the thread.
Nicely done my friend.

Running the 1M goal now that's something special indeed if you hit that target from modest beginnings.

Masterrmind...........
Master your Mind then Master your Trades
  • #3,754
  • Nov 5, 2019 6:22am Nov 5, 2019 6:22am
Quad Candle Dashboard
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB

Note: I cannot overstate the importance of ensuring that candles on all charts are refreshed and updated. This particular server required almost all symbols in my QCS 30 to be refreshed on almost every TF !!

Masterrmind............
Master your Mind then Master your Trades
  • #3,755
  • Nov 5, 2019 6:30am Nov 5, 2019 6:30am
7 Symbols showing positive swap in direction of signal.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB

Question is are they worth trading ?

ps. careful with EURCAD !

Masterrmind..............
Master your Mind then Master your Trades
  • #3,756
  • Nov 5, 2019 7:08am Nov 5, 2019 7:08am
Quoting pipsandkfc
*GER30 entered into the potential reversal zone, now looking for some price action reversal pattern to enter. {image} {image}
Look for reversals at 100; 127.2 and the 161.8 in confluence with chart structure within the OPL_6 up to OPL_8 zone.

Current level is in a good zone both by fibonacci and chart structure but I think any pullback will be shallow with a continuation up the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB

Although pullbacks are guaranteed to occur I forecast a major pullback will occur a little later in the year around the week commencing Dec 23.

Masterrmind.............
Master your Mind then Master your Trades
  • #3,757
  • Nov 5, 2019 9:47am Nov 5, 2019 9:47am
Quoting Masterrmind
{quote} Look for reversals at 100; 127.2 and the 161.8 in confluence with chart structure within the OPL_6 up to OPL_8 zone. Current level is in a good zone both by fibonacci and chart structure but I think any pullback will be shallow with a continuation up the chart. {image} Although pullbacks are guaranteed to occur I forecast a major pullback will occur a little later in the year around the week commencing Dec 23. Masterrmind.............
Thank you for the input. I am looking for a small retracement that would add around 1% to my account. Excellent job with the gold trade, I thought that it's going to be only a minor move but I was wrong, it dropped like a stone. Again this month I think you're easily exceding DL5
Forex - It's finger lickin' good
  • #3,758
  • Nov 5, 2019 3:02pm Nov 5, 2019 3:02pm
Quoting pipsandkfc
{quote} Thank you for the input. I am looking for a small retracement that would add around 1% to my account. Excellent job with the gold trade, I thought that it's going to be only a minor move but I was wrong, it dropped like a stone. Again this month I think you're easily exceding DL5
Yes price rolled over very nicely.

2 more trades closed out for a nice gain.

Only 1 trade still running now and if it turns profitable I will look to close it out.

Gain in Equity over 35 days is over 35% so progressing nicely.

Yes DL5 is in my grasp but hitting it every month over the longer term is far from easy.

Lets see how I manage it keeping in mind that my focus is not really on achieving DL5 status but rather looking and executing for sound setups.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,759
  • Nov 6, 2019 10:29am Nov 6, 2019 10:29am
The GER30 seems to top out but I think it would get a final push to clear some stop losses before a reversal. I missed closing at the second bounce at ~13100 area since I was not at PC.
Forex - It's finger lickin' good
  • #3,760
  • Nov 7, 2019 5:33am Nov 7, 2019 5:33am
Quoting pipsandkfc
The GER30 seems to top out but I think it would get a final push to clear some stop losses before a reversal. I missed closing at the second bounce at ~13100 area since I was not at PC.
That is certainly a possibility for the GER30.

Lets see you tag some profit.

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