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Quad Candle System

  • #3,801
  • Dec 3, 2019 2:41am Dec 3, 2019 2:41am
Quoting vishal1221
{quote} i read page 1 Trading Account Can be set by name? As Vishal Kumar Trading account type ECN MT4 And MT5 Email. Vishal12212001@gmail ADVANCED TRADING TOOL ACCESS: ================================================================================================= Please be advised that due to a number of reasons access to my trading tools is only currently available to traders who are willing to provide the following information: 1. Trading Account Number; 2. Trading Account Type; and 3. Contact Email address (for QCS_password generation) ps....
Better not to post your email address here in the public domain.

Please delete your post asap.

PM is the right approach.

Thanks in advance.

Masterrmind........
Master your Mind then Master your Trades
  • #3,802
  • Dec 4, 2019 7:34am Dec 4, 2019 7:34am
Quad Candle Dashboard
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Which symbols might be traded ?

Masterrmind.............
Master your Mind then Master your Trades
  • #3,803
  • Dec 4, 2019 8:54am Dec 4, 2019 8:54am
Quoting Masterrmind
Quad Candle Dashboard {image} Which symbols might be traded ? Masterrmind.............
GBPAUD is in the right place Looking forward to see how you're planning the trades on initial entry and additional positions.
Forex - It's finger lickin' good
  • #3,804
  • Dec 4, 2019 10:10am Dec 4, 2019 10:10am
for a save trading should i avoid to enter e trade if price is outside the lower/uupper extreme, even if the quad candle patern is forming?


ps : i saw a possible quad pattern forming on upper extreme zone on EUR/CAD pair, is this the right pattern?
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  • #3,805
  • Dec 5, 2019 2:35am Dec 5, 2019 2:35am


Attention Traders


Do not post your personal email address and other account information to this thread.

PM is the approach to be taken.

I am upgrading the trading tools which will not be made available until later.

Access will not be to all traders!

Only to those traders who I see as having made a fair contribution to this thread.

No handouts here guys.

Note: If you have posted your details to this thread please delete the post immediately, as failure to do so may result in no access !

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #3,806
  • Dec 5, 2019 7:03am Dec 5, 2019 7:03am
Quoting pipsandkfc
{quote} GBPAUD is in the right place Looking forward to see how you're planning the trades on initial entry and additional positions.
Getting hold of GA on a major pullback to the downside would certainly be very nice however, Im far from engaging in this symbol right now.

Lets see how the PA unfolds across a few more days.

From a sentiment point of view all I can say is that the GBP currency is on fire right now.

Tread carefully with these giant movers.

Masterrmind........
Master your Mind then Master your Trades
  • #3,807
  • Dec 5, 2019 7:49am Dec 5, 2019 7:49am
Quoting Tabary
for a save trading should i avoid to enter e trade if price is outside the lower/uupper extreme, even if the quad candle patern is forming? ps : i saw a possible quad pattern forming on upper extreme zone on EUR/CAD pair, is this the right pattern? {image}
A Quad pattern is a Quad pattern no matter where it is located on the chart provided the chart is set to D1 TF.

The positioning and relative sizes of the bars in the Quad pattern are also important.

Not all Quad patterns are created equal.

The question should be where on the chart did the Quad pattern complete and what are my reasons for entering.

Be careful of relatively large range D1 bars in Quad patterns since the market might retrace !

Price does not move in a straight line afterall, it will always perform a pullback of some degree.

If you take an entry at this Quad pattern completion you have significant risk because of where your SL is placed.

The SL should be in the range of 1 to 2 Octive Gaps from level of entry ... not less than 1 octive and certainly never more than 2 octives unless the risk for the trade remains under 2-3% of equity.

I have answered your question without even looking at the EURCAD current chart and this is because I'm providing the rules of the system.

Price could have consolidated near Quad completion or ripped down to lower price levels or ripped back up the chart.

You need to ask yourself if going short where would your SL be sitting with respect to chart structure?

Answer is within the recent swing ... this adds risk of failure to your entry and whilst you may get away with it on occassion you will get caught over the longer term more times than you would like.

Confluence in setups is needed and so too is some fundamental bias which you have not mentioned.

Good question.

Masterrmind......... ☺
Master your Mind then Master your Trades
  • #3,808
  • Dec 5, 2019 10:08am Dec 5, 2019 10:08am
Quoting Masterrmind
{quote} A Quad pattern is a Quad pattern no matter where it is located on the chart provided the chart is set to D1 TF. The positioning and relative sizes of the bars in the Quad pattern are also important. Not all Quad patterns are created equal. The question should be where on the chart did the Quad pattern complete and what are my reasons for entering. Be careful of relatively large range D1 bars in Quad patterns since the market might retrace ! Price does not move in a straight line afterall, it will always perform a pullback of some degree....

I wrote you in PM Sir

Cheers
  • #3,809
  • Edited 2:09pm Dec 5, 2019 10:16am | Edited 2:09pm
Looking at the chart i can't see any quad candle pattern here.. i'm looking your myfxbook

I'm missing something Sir
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  • #3,810
  • Dec 5, 2019 11:35am Dec 5, 2019 11:35am
Quoting Masterrmind
{quote} Getting hold of GA on a major pullback to the downside would certainly be very nice however, Im far from engaging in this symbol right now. Lets see how the PA unfolds across a few more days. From a sentiment point of view all I can say is that the GBP currency is on fire right now. Tread carefully with these giant movers. Masterrmind........
I'm monitoring for a short around the 1.95 area if a price reversal pattern occurs as it would also be in the fib extension zone plus confluence from the rezistance around 1.97 area. But as you mentioned it's still on monitor mode. If you'll engage it I'll follow your footsteps to see your analysis and learn from it.
Forex - It's finger lickin' good
  • #3,811
  • Dec 6, 2019 6:21am Dec 6, 2019 6:21am
Quoting MrGreen95
Looking at the chart i can't see any quad candle pattern here.. i'm looking your myfxbook I'm missing something Sir {image}
Entries that I take in the QCS methodology are:

1. Quad Candle Pattern;

2. Upper or Lower Extreme Zones from Master Octive; or

3. QO signal which is a combination of both 1 and 2 at the same time.

The Quad Candle Dashboard displays all these signals across as many symbols offered by your platform; simply list each symbol in the dash settings, as many or as few as you like, multiple templates can be used too.

Ideal entry on average is #3 but both 1 or 2 can yield great results provided risk on entry 1 is relatively small.

A long entry would be completion of a Quad Long Candle pattern in the Lower Extreme zone of the Master Octive.

A short entry would be completion of a Quad Short Candle pattern in tge Upper Extreme zone.

Setups from the Master Octive Extreme Zones offer the best RR since price can already be considered as heavily overbought or oversold.

Be careful using the OB and OS terminology here since the market players can push price beyond these zones.

Nevertheless, with good risk control the benefits and probability of making a gain far outweigh the losses.

The Master Octive and the Gann Overlays act as a superior filter to the Quad Candle trade setups.

Keep in mind that whilst entry 1 will almost always follow one of the 3 cases listed above the additional entries do not need too although they certainly can.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,812
  • Dec 6, 2019 6:26am Dec 6, 2019 6:26am
Quoting Masterrmind
{quote} Entries that I take in the QCS methodology are: 1. Quad Candle Pattern; 2. Upper or Lower Extreme Zones from Master Octive; or 3. QO signal which is a combination of both 1 and 2 at the same time. The Quad Candle Dashboard displays all these signals across as many symbols offered by your platform; simply list each symbol in the dash settings, as many or as few as you like, multiple templates can be used too. Ideal entry on average is #3 but both 1 or 2 can yield great results provided risk on entry 1 is relatively small. A long entry would...

Thank you for the reply sir. I'd like to studying better all this stuff, but i can't find any .rar with indi and tpl the first page. Cheers
  • #3,813
  • Dec 6, 2019 6:36am Dec 6, 2019 6:36am
Quoting pipsandkfc
{quote} I'm monitoring for a short around the 1.95 area if a price reversal pattern occurs as it would also be in the fib extension zone plus confluence from the rezistance around 1.97 area. But as you mentioned it's still on monitor mode. If you'll engage it I'll follow your footsteps to see your analysis and learn from it.
GBPAUD

Price made a weekly high around 1.92780 ish.

1.95 would be an interesting psych level but with price making a decent pullback today that higher level seams to be a ways off.

This is GA though so anything is possible.

Im ok with monitoring this symbol whilst I also reassess and analyze other symbols of interest.

I don't mind being a little patient on this next setup since another result similar to the 1st setup and this account will be going very well indeed.

Good mention of the Fib extensions as they will act as a guide.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,814
  • Dec 6, 2019 6:42am Dec 6, 2019 6:42am
Quoting MrGreen95
{quote} Thank you for the reply sir. I'd like to studying better all this stuff, but i can't find any .rar with indi and tpl the first page. Cheers
Please read Post 3805.

If I get some free time over this weekend I will code up a simplified Master Octive indicator so traders can see the various levels.

As for the D1 Quad patterns you only need a chart to check them and make sure broker server data is current across all symbols of interest.

The dashboard simply contains all data visible on the 1 chart for quick access but traders can do this task manually for the time being.

I suggest you refer to the material in Post 1 and be aware that I will update it on occassion with new or improved material including information about trading tool access.

Thank you for participating here, it is duly noted.

Masterrmind.........
Master your Mind then Master your Trades
  • #3,815
  • Dec 6, 2019 6:56am Dec 6, 2019 6:56am
I won't be making any entries today so thats it for this week.

Hope to see more traders participating next week.

It will be a week when I will make a setup so do pay attention.

As time allows I will give a brief summary but I won't elaborate unless traders ask me.

Clear enough ?

Have a great weekend and see you all here next week.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #3,816
  • Dec 6, 2019 9:23am Dec 6, 2019 9:23am
Quoting Masterrmind
I won't be making any entries today so thats it for this week. Hope to see more traders participating next week. It will be a week when I will make a setup so do pay attention. As time allows I will give a brief summary but I won't elaborate unless traders ask me. Clear enough ? Have a great weekend and see you all here next week. Good trading, Masterrmind.........

Looking forward for your next trade as there'll be clearly something to learn from it. Have a great weekend!
Forex - It's finger lickin' good
  • #3,817
  • Dec 6, 2019 5:08pm Dec 6, 2019 5:08pm
I have read the whole first post. Simply Superb.
  • #3,818
  • Dec 6, 2019 5:10pm Dec 6, 2019 5:10pm
I just can't get only one thing: The octive levels are murrey math levels? Or you coded Octive levels yourself?

Thank you in advance Sir

Mr.G
  • #3,819
  • Dec 6, 2019 9:37pm Dec 6, 2019 9:37pm
Quoting MrGreen95
I just can't get only one thing: The octive levels are murrey math levels? Or you coded Octive levels yourself? Thank you in advance Sir Mr.G
The calculations for the octive levels used in my indicator were first made available by Vladislav Goshkov in the early 2000's which were an attempt to follow MML math lines.

The indicator does not always align with the Murrey Math octives on a given chart often they are out by a factor of 2 either smaller or larger.

This does not concern me since I am more of a Gann trader to some extent than a Murrey.

I do not follow the Murrey Math trading idea.

It contains a weird yearly reset date around October each year which has been Murreys birthday on occassion and these reset dates for the Murreyath lines create havoc.

Whilst I use the basics of the MML lines that is all I use from Murrey and in any case it is taken from Gann where a significant swing is divided up into 8 equal octives and an OB and OS zone of 2 octives each.

I use 8 octives across the range and a double octive above and below which just translates into 2 fewer octive lines.

In my code I always acknowledge Vladislav calculations since he deserves it.

Nevertheless, I have modified some of these calcs and include a number of options:

1. Original MML;

2. Master Octive; and

3. Manual prices and time override for specific swings.

Plus a whole lot more in the Master Octive indicator.

Madterrmind.........
Master your Mind then Master your Trades
  • #3,820
  • Dec 7, 2019 4:26am Dec 7, 2019 4:26am
Quoting Masterrmind
{quote} The calculations for the octive levels used in my indicator were first made available by Vladislav Goshkov in the early 2000's which were an attempt to follow MML math lines. The indicator does not always align with the Murrey Math octives on a given chart often they are out by a factor of 2 either smaller or larger. This does not concern me since I am more of a Gann trader to some extent than a Murrey. I do not follow the Murrey Math trading idea. It contains a weird yearly reset date around October each year which has been Murreys birthday...
Which of those 3 options do you suggest in order to trade the QCS?

Mr.G
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