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Quad Candle System

  • #4,221
  • Mar 16, 2020 1:09pm Mar 16, 2020 1:09pm
You my find this of some interest ?
Inserted Video
  • #4,222
  • Mar 17, 2020 5:54am Mar 17, 2020 5:54am
Looking at the use of Dochian Channels instead of Murrey then I am setting Octave inside H & L ?
Think you were very unlucky not to be on a runner
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  • #4,223
  • Mar 20, 2020 4:57am Mar 20, 2020 4:57am
In light of the current market conditions I am considering terminating the current QCS account which has a Gain in Equity of about 33.5%.

Once world events stabilise then I may consider starting a fresh QCS account.

Participation is certainly nowhere near where I would like it so this is also a motive to end the account.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #4,224
  • Mar 20, 2020 5:28pm Mar 20, 2020 5:28pm
Quoting Masterrmind
In light of the current market conditions I am considering terminating the current QCS account which has a Gain in Equity of about 33.5%. Once world events stabilise then I may consider starting a fresh QCS account. Participation is certainly nowhere near where I would like it so this is also a motive to end the account. Good trading, Masterrmind........

It would be interesting open a thread dedicated only to scalping and intraday trading on minor timeframes one day... (m5-15-m30-h1)

Stay well

Mr.G
  • #4,225
  • Mar 20, 2020 5:44pm Mar 20, 2020 5:44pm
Quoting MrGreen95
{quote} It would be interesting open a thread dedicated only to scalping and intraday trading on minor timeframes one day... (m5-15-m30-h1) Stay well Mr.G
Intraday trading I tend to apply the following:

TF: M5

Style: Manual Trading (some automated at times)

Symbols: Major 28 + Gold & Silver

Techniques: Harmonics, Fibonacci, S&R, PA, Chart structure, Psychological price levels, Gann Reversal interpretation and a few others

Awareness: Speed of PA into certain zones and news

Risk Control

Trade Management

I doubt another thread started by myself will occur.

However, if you or another trader started a new thread then I would participate.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #4,226
  • Mar 22, 2020 5:50am Mar 22, 2020 5:50am
Quad Candle Dashboard [D1]
Attached Image (click to enlarge)
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Quad Candle Dashboard [H4]
Attached Image (click to enlarge)
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H4 TF shown to give an idea of how many more opportunities a shorter TF offers.

Question though is where are the quality setups ?

Be careful when a Quad Short signal appears when an Octive Long signal appears as this can suggest a further drop in price which means you should wait to see how price reacts around the lower zones of the MOTF.

Quad Signals must be checked since they will differ come Monday morning.

Octive Signals may be the same based on any major weekend gapping that 'will' occur.

I may post the Dash screenshot again later on Monday for those traders keen to trade, which may or may not be a good idea.

If you do trade, keep the risk LOW !!

Masterrmind..............
Master your Mind then Master your Trades
  • #4,227
  • Mar 22, 2020 6:06am Mar 22, 2020 6:06am
Quoting OAPDave
Looking at the use of Dochian Channels instead of Murrey then I am setting Octave inside H & L ? Think you were very unlucky not to be on a runner {image} {image}
I could always drop a short entry which looks good at this level even though swap is not favorable for a longer term innings.
Attached Image (click to enlarge)
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But I'd be wanting price to move to the target zone much faster so negative swap does not build up.

I have about 2.5% risk to play with so certainly worth considering.

Masterrmind.............
Master your Mind then Master your Trades
  • #4,228
  • Mar 22, 2020 3:17pm Mar 22, 2020 3:17pm
A punishing week... DD at -15.9%. Have placed orders to sell Usd/Chf, and to buy Eur/Usd.
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Vincit qui se vincit.
  • #4,229
  • Mar 22, 2020 11:14pm Mar 22, 2020 11:14pm
Quoting OAPDave
Hi Masterrmind If I may I would just like to give you my thoughts on your Quad Pattern If I am correct Gann said that a trend is 2 Higher Highs & 2 Higher Lows or visa versa, with this in mind, I have broken you Quad in half or to put it another way 2 consecutive red or green candles Now all I am looking for is High Probability Trades I am looking at the Fibonacci extension rules using the 127, 141, 161 I have shown a few example but as you know depending were you trade from the EOD will be different I will leave you to add what Octaves you deem...
Thanks for posting those charts.

I think what it needed here is a Quality of Quad Pattern study.

Any trader who has looked at Quads will notice that time plays an important role.

I will post some annotated charts later.

I will also address your charts too.

Masterrmind........
Master your Mind then Master your Trades
  • #4,230
  • Mar 23, 2020 1:07am Mar 23, 2020 1:07am
Quoting Pippopotamus
A punishing week... DD at -15.9%. Have placed orders to sell Usd/Chf, and to buy Eur/Usd. {image} {image}
Yes the market is wild at the moment.

Masterrmind........
Master your Mind then Master your Trades
  • #4,231
  • Mar 23, 2020 5:32am Mar 23, 2020 5:32am
Now lets see what I can trade.
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Masterrmind............
Master your Mind then Master your Trades
  • #4,232
  • Mar 23, 2020 5:48am Mar 23, 2020 5:48am
EURNZD [D1 :: P64]

Quad Short sub OPL_7.

Now short.
Attached Image (click to enlarge)
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A risky entry since stop is below the high of the QCC and I can only afford to have a 1 OG SL when a 2 OG SL might be 'better'.

However, risk is set at less than current max allowable (for Gain in Equity to remain >= 30% in the event of a stopout).

Swap is favorable.

Additional trades placed only after very favorable progress.

Trade Setup posted before the fact with entry, stop loss and target !

Masterrmind.............
Master your Mind then Master your Trades
  • #4,233
  • Mar 24, 2020 3:37am Mar 24, 2020 3:37am
Quoting Masterrmind
EURNZD [D1 :: P64] Quad Short sub OPL_7. Now short. {image} A risky entry since stop is below the high of the QCC and I can only afford to have a 1 OG SL when a 2 OG SL might be 'better'. However, risk is set at less than current max allowable (for Gain in Equity to remain >= 30% in the event of a stopout). Swap is favorable. Additional trades placed only after very favorable progress. Trade Setup posted before the fact with entry, stop loss and target ! Masterrmind.............
Trade locked in at BE + pips.

I will now consider an entry into another symbol.

Again the risk will be managed such that any stopout will not drop the Gain in Equity below 30%.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,234
  • Mar 24, 2020 3:56am Mar 24, 2020 3:56am
Quad Candle Dashboard [D1 TF]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #4,235
  • Mar 24, 2020 4:13am Mar 24, 2020 4:13am
EN short trade closed out for a small gain.

Masterrmind.................
Master your Mind then Master your Trades
  • #4,236
  • Mar 24, 2020 4:18am Mar 24, 2020 4:18am
NZDUSD [D1 :: P64]

Cream of the crop as far as Quad Setups are concerned.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB

Question is would going long under current market conditions be the right move ?

Risk wise can I afford to trade this symbol ?

Masterrmind...............
Master your Mind then Master your Trades
  • #4,237
  • Mar 24, 2020 4:47am Mar 24, 2020 4:47am
Quoting Masterrmind
{quote} Intraday trading I tend to apply the following: TF: M5 Style: Manual Trading (some automated at times) Symbols: Major 28 + Gold & Silver Techniques: Harmonics, Fibonacci, S&R, PA, Chart structure, Psychological price levels, Gann Reversal interpretation and a few others Awareness: Speed of PA into certain zones and news Risk Control Trade Management I doubt another thread started by myself will occur. However, if you or another trader started a new thread then I would participate. Good trading, Masterrmind..............
Hello Mastermind, I mean the QCS adapted to minor timeframes
  • #4,238
  • Mar 24, 2020 5:03am Mar 24, 2020 5:03am
NZDUSD [D1 :: P64]

Now long.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB

Entry: market
Stop Used: 1.5 OG SL
Target: OPL_4

Masterrmind..............
Master your Mind then Master your Trades
  • #4,239
  • Mar 24, 2020 5:08am Mar 24, 2020 5:08am
Quoting MrGreen95
{quote} Hello Mastermind, I mean the QCS adapted to minor timeframes
Give me a symbol and a TF and I'll post a chart.

Masterrmind.............
Master your Mind then Master your Trades
  • #4,240
  • Mar 24, 2020 5:18am Mar 24, 2020 5:18am
Gold [M15 :: P64]

Current signal is a Quad Long.

Pick entries closer to major session opens or at active market times.

Other session times might mean plenty of low ranging zones.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB

Exit rules can be implemented.

Close out after 2 opposite colored bars paint on the chart or if target hit or opposite Quad Signal appears.

Lets follow the current signal and see how it pans out.

Look for longs from the lower zones of the MOTF and shorts from the upper zones of the MOTF.

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