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Quad Candle System

  • #4,141
  • Mar 5, 2020 6:50am Mar 5, 2020 6:50am
Cad/Jpy, and Usd/Chf trades have been triggered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 55 KB
Click to Enlarge Name: USDCHFDaily.png Size: 55 KB
Vincit qui se vincit.
  • #4,142
  • Mar 5, 2020 6:58am Mar 5, 2020 6:58am
Quoting Pippopotamus
Cad/Jpy, and Usd/Chf trades have been triggered. {image} {image}
Nice posts.

Notice how both pairs could have been traded down to OPL_Base after a higher Quad Short signal.

Some of these entries would have taken quite a bit of conviction though !

Masterrmind................
Master your Mind then Master your Trades
  • #4,143
  • Mar 5, 2020 7:00am Mar 5, 2020 7:00am
For completeness.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB

Notice how price has tested the 1.12 handle twice now.

Possibility to go short.

Setup in the next post !

Masterrmind..............
Master your Mind then Master your Trades
  • #4,144
  • Mar 5, 2020 7:12am Mar 5, 2020 7:12am
If price makes a 1to1 harmonic projection to the upside on EU
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Click to Enlarge Name: Screenshot1.png Size: 17 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #4,145
  • Mar 5, 2020 7:16am Mar 5, 2020 7:16am
Have modified SL, TP, and have eliminated Buy Stop at 81.28.
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Click to Enlarge Name: CADJPYDaily.png Size: 45 KB
Vincit qui se vincit.
  • #4,146
  • Mar 5, 2020 7:24am Mar 5, 2020 7:24am
Setup on EU if the 1.12 handle holds.
Attached Image (click to enlarge)
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Good RR to the downside but no guarantees it will pan out as expected.

One major risk is that price completes the harmonic move and with it takes out your stop.

So to minimize risk further wait for price to close in again nearer the 1.12 handle and drop a smaller stop of lets say ~7-10 pips.

Masterrmind..............
Master your Mind then Master your Trades
  • #4,147
  • Mar 5, 2020 7:43am Mar 5, 2020 7:43am
Quoting Pippopotamus
Have modified SL, TP, and have eliminated Buy Stop at 81.28. {image}
Trade management.

Masterrmind.............
Master your Mind then Master your Trades
  • #4,148
  • Mar 5, 2020 10:33pm Mar 5, 2020 10:33pm
Another set-up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 44 KB
Vincit qui se vincit.
  • #4,149
  • Mar 5, 2020 10:42pm Mar 5, 2020 10:42pm
Quoting Masterrmind
{quote} Nice posts. Notice how both pairs could have been traded down to OPL_Base after a higher Quad Short signal. Some of these entries would have taken quite a bit of conviction though ! Masterrmind................
Usd/Chf: Having to sail through the troubled waters between OPL_2, and OPL_4 would give me pause. Had I shorted, from OPL_5 perhaps, I would have set TP in just about the middle of that cluster of indecision at OPL_3. Similar consideration with Cad/Jpy.
Vincit qui se vincit.
  • #4,150
  • Mar 5, 2020 11:46pm Mar 5, 2020 11:46pm
Quoting Pippopotamus
{quote} Usd/Chf: Having to sail through the troubled waters between OPL_2, and OPL_4 would give me pause. Had I shorted, from OPL_5 perhaps, I would have set TP in just about the middle of that cluster of indecision at OPL_3. Similar consideration with Cad/Jpy.
Yes my cycles are struggling ... might have another leg down in the equity curve.

It's not a 100% winrate system so losing cycles will occur but certainly don't want too many losses in a sequence.

Risk accounted for so not even an issue.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,151
  • Mar 6, 2020 1:01am Mar 6, 2020 1:01am
Have sold Eur/Usd.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 52 KB
Vincit qui se vincit.
  • #4,152
  • Mar 6, 2020 5:40am Mar 6, 2020 5:40am
Quoting simnz
{quote} Food for thought {image}
Wall Street 30

US30 [M30 :: P32]
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US30 [H1 :: P32]
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US30 [D1 :: P32]
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US30 [D1 :: P64]
Attached Image (click to enlarge)
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Masterrmind..............
Master your Mind then Master your Trades
  • #4,153
  • Mar 6, 2020 6:05am Mar 6, 2020 6:05am
Quoting Pippopotamus
Have sold Eur/Usd. {image}
EURUSD [D1 :: P64]

Price not far from OPL_Top.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #4,154
  • Mar 6, 2020 6:12am Mar 6, 2020 6:12am
What about EU ?
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Masterrmind.............
Master your Mind then Master your Trades
  • #4,155
  • Mar 6, 2020 6:22am Mar 6, 2020 6:22am
Quoting Masterrmind
What about EU ? {image} Masterrmind.............
EU [M5]

If you use a fan use the Fib fan ... never use the Gann Fan on MT4 or MT5 unless you know precisely what you are doing !
Attached Image (click to enlarge)
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Masterrmind.............
Master your Mind then Master your Trades
  • #4,156
  • Mar 6, 2020 6:30am Mar 6, 2020 6:30am
Quoting Masterrmind
{quote} EU [M5] If you use a fan use the Fib fan ... never use the Gann Fan on MT4 or MT5 unless you know precisely what you are doing ! {image} Masterrmind.............
EU [M5]

Now long 0.25 lots.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

Masterrmind................
Master your Mind then Master your Trades
  • #4,157
  • Mar 6, 2020 6:37am Mar 6, 2020 6:37am
Quoting Masterrmind
{quote} EU [M5] Now long 0.25 lots. {image} Masterrmind................
EU [M5]

Closed out for a very small profit.
Attached Image (click to enlarge)
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PA not looking favorable in my opinion so took a few pips.

Will search for another entry soon.

Masterrmind..............
Master your Mind then Master your Trades
  • #4,158
  • Mar 6, 2020 6:46am Mar 6, 2020 6:46am
EU [M5]

Long again @ 0.5 lots.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #4,159
  • Mar 6, 2020 7:08am Mar 6, 2020 7:08am
Quoting Masterrmind
EU [M5] Long again @ 0.5 lots. {image} Masterrmind..............
EU [M5]

0.75 lots added.

Masterrmind..............
Master your Mind then Master your Trades
  • #4,160
  • Mar 6, 2020 7:10am Mar 6, 2020 7:10am
Usd/Chf very near SL.
Attached Image (click to enlarge)
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Vincit qui se vincit.
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