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Quad Candle System

  • #4,241
  • Mar 24, 2020 7:29am Mar 24, 2020 7:29am
Gold [M15 :: P256]
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Click to Enlarge Name: Screenshot1.png Size: 23 KB

Masterrmind.................
Master your Mind then Master your Trades
  • #4,242
  • Mar 24, 2020 7:47am Mar 24, 2020 7:47am
Quoting OAPDave
{quote} If no one replies, You know I am allways interested on any view of the Gbp-Usd 60 mins would be ok Dave
Have to leave the charts so I will get back to this tomorrow.

What period ?

Masterrmind.........
Master your Mind then Master your Trades
  • #4,243
  • Mar 24, 2020 9:58am Mar 24, 2020 9:58am
Quoting Masterrmind
{quote} Give me a symbol and a TF and I'll post a chart. Masterrmind.............

XAU/USD m15
  • #4,244
  • Mar 24, 2020 10:19am Mar 24, 2020 10:19am
Quoting OAPDave
{quote} post 4243 & 4245 ?

Yes, i always read all posts. 4243 and 4245 are the most recent posts and i answered to an older one
  • #4,245
  • Mar 24, 2020 3:13pm Mar 24, 2020 3:13pm
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........
Courage...
Vincit qui se vincit.
  • #4,246
  • Mar 24, 2020 4:15pm Mar 24, 2020 4:15pm
Quoting OAPDave
{quote} 60 min or less but really what ever you fancy May I add one little thing I have spotted which is If you make a Octave size with a double meaning For an example if you look at 1 min with a MM 1440 that is a day, but you can then click to a 5 min and it becomes roughly a week {image} {image}
I need something such as the following:

GBPUSD [ H1 :: P64]

GBPUSD [ H1 :: P128]

GBPUSD [H1 :: P256]

GBPUSD [H1 :: Day/Week/Month/quarter/year/3Y/5Y]

I can show any combination of M1/M5 over an hour, a day, a week, a month or a year.

Including fixed TF analysis such as using weekly calculations for the smaller TFs.

Clear and concise request please.

This avoids me having to second guess.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,247
  • Mar 24, 2020 4:24pm Mar 24, 2020 4:24pm
Quoting MrGreen95
{quote} XAU/USD m15
Gold example above.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,248
  • Mar 24, 2020 4:28pm Mar 24, 2020 4:28pm
Quoting Pippopotamus
{quote} Courage...
I will keep the account moving forward.

Current phase will show how an account in drawdown can be carefully traded back up past the recent equity highs to effect a full recovery of the drawdown (trough back up to the peak).

Masterrmind.........
Master your Mind then Master your Trades
  • #4,249
  • Mar 24, 2020 5:39pm Mar 24, 2020 5:39pm
Quoting Masterrmind
{quote} Gold example above. Masterrmind.........
Hi
Its no problem now as MrGreen95 as made a request so it may only be fair to follow through on that, as well as its a flyer at present
Dave
  • #4,250
  • Mar 24, 2020 6:01pm Mar 24, 2020 6:01pm
Quoting Masterrmind
{quote} I will keep the account moving forward. Current phase will show how an account in drawdown can be carefully traded back up past the recent equity highs to effect a full recovery of the drawdown (trough back up to the peak). Masterrmind.........
Yes, we will recover and be back on track.
Vincit qui se vincit.
  • #4,251
  • Mar 25, 2020 6:06am Mar 25, 2020 6:06am
Quoting OAPDave
{quote} Hi Its no problem now as MrGreen95 as made a request so it may only be fair to follow through on that, as well as its a flyer at present Dave
I think he will be fine following the Gold example.

Start of next month I'll upload the Quad Pattern indicator but really the analysis can be done manually.

The indicator simply identifies them faster.

As for your GU the M1 to M5 is simple enough.

Masterrmind........
Master your Mind then Master your Trades
  • #4,252
  • Mar 26, 2020 8:18am Mar 26, 2020 8:18am
NZDUSD

Trade now at BE + pips.

Stop moved to the 58 handle.

Risk free trade now which opens up an opportunity to open Trade 2 or trade another symbol.

Masterrmind..........
Master your Mind then Master your Trades
  • #4,253
  • Mar 26, 2020 11:19am Mar 26, 2020 11:19am
The current state of affairs. Miscalculated last DD given. Was 15%, not 15.9%.
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Vincit qui se vincit.
  • #4,254
  • Mar 26, 2020 4:37pm Mar 26, 2020 4:37pm
Quoting Pippopotamus
The current state of affairs. Miscalculated last DD given. Was 15%, not 15.9%. {image}
Try to manage it so that it keeps below 30%.

The easiest way is assigned risk per trade over all open positions and keeping lot size low relative to equity.

The volume ratio being traded and how the market swings against you can drive the DD to unfavorable levels.

Far too many traders use higher lotsizes at times when they shouldn't and get caught out by the market.

QCS Traders apply strict risk control and manage their positions and trade through the good times by surviving the bad times.

Masterrmind........
Master your Mind then Master your Trades
  • #4,255
  • Mar 26, 2020 6:00pm Mar 26, 2020 6:00pm
20% is the upper limit for me. "...keeping lot size low relative to equity." ...My way of thinking!
Vincit qui se vincit.
  • #4,256
  • Mar 26, 2020 11:49pm Mar 26, 2020 11:49pm
Quoting Pippopotamus
20% is the upper limit for me. "...keeping lot size low relative to equity." ...My way of thinking!
Yes lower the better.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,257
  • Mar 26, 2020 11:50pm Mar 26, 2020 11:50pm
Quoting Masterrmind
NZDUSD Trade now at BE + pips. Stop moved to the 58 handle. Risk free trade now which opens up an opportunity to open Trade 2 or trade another symbol. Masterrmind..........
NZDUSD

Locked in at the 59 handle.

Masterrmind.......
Master your Mind then Master your Trades
  • #4,258
  • Mar 27, 2020 4:23pm Mar 27, 2020 4:23pm
Quoting Masterrmind
{quote} NZDUSD Locked in at the 59 handle. Masterrmind.......
NZDUSD

Closed out the long trade for a modest winner.

Relatively shorter trade durations are being applied including end of week closures.

Accumulating smaller profit as opposed to risking an unfavorable weekend gapping event is the current play.

Masterrmind.........
Master your Mind then Master your Trades
  • #4,259
  • Mar 29, 2020 7:25am Mar 29, 2020 7:25am
A rewarding week: Eur/Usd hit TP for 362 [email protected] lots. Usd/Chf hit TP for 243 [email protected] lots. Comprising both closed, and open trades, DD stands now at -3.5%.
Vincit qui se vincit.
  • #4,260
  • Mar 29, 2020 10:30pm Mar 29, 2020 10:30pm
Quoting Pippopotamus
A rewarding week: Eur/Usd hit TP for 362 [email protected] lots. Usd/Chf hit TP for 243 [email protected] lots. Comprising both closed, and open trades, DD stands now at -3.5%.
Bravo.

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