The Quartile Trader

and am done for the day, total 4%

To answer some of the questions I have had let me say that I am not using the Quartile as a tool to predict price movement, I do this by other means. What I am doing is using the tool to split the price movement into sections i.e. 4 hence the use of a Quartile.

The first Quartile is for commitment so I know the price is moving in my direction.

This first Quartile is also my risk which I calculate as a percentage of my account.

For each additional Quartile the price traverses I make the amount of risk as profit.

So if I am risking 3% measured as 3% x account/pip distance. Then each Quartile traversed pays me 3% profit.

The numbers are approximate because of the spread.

Making just two trades a day yielding just 3% profit each adds up to an extraordinary profits when one considers the compounding effect of growth.

That's nice.. One of you has reported to me as having made nearly 900% in the past two months trading this Quartile method.

I know I haven't posted here for a while but then I haven't had any questions so I assume all of the above is clearly explained.

I hope others have turned their trading around and become winners.

Happy pipping

Thanks for sharing your tool Nala, it's truly appreciated.
I put a little grease on the wheels and this is what I came up with.

I decided to use the Fib Expansion tool instead of the retracement, picking points ABCD makes seeking targets on the lower Brick charts easier.
The drudgery is pinpointing the exact turn to D from C from the lower brick chart.

Hi Intrepid, not quite sure how you are applying this to your charts but you seem to have managed a method I haven;t tried i.e. the Fib exp.

To me the AB = CD is by far the most common move on the chart and it comes in many flavors of time frames.

The main thing is that the Quartile controls the risk and very nicely predicts the target.

Anyway well done and keep in to touch should you want more info or to share some of your findings.

Don't forget to use it in the direction of the trend because obviously an AB = CD is a continuation pattern.

Here is an example that has just happened on the 1 minute.

Of course this is the 1 minute chart and the moves are small hardly beyond the spread but it serves to show the method.

I usually apply it to the 5 min chart so I can check the 1 min for the precise entry.

Here there was a break below the 25% (1st quartile), 100% was a sitting duck target retrace to 50% and hit 175%.
Just a lil more practice of the entries on the lower brick charts needed.

Hi Nala,

Small tests

This is similar to something i do --- instead of using .25 .5 1 and so on -- i use .236 .5 .764 1 1.236 1.5 1.764 2 2.236 up to 4.236 which is based on Fibonacci mathematics. test it you'll see its more accurate.

I just discovered that this method is quite similar to mine with some variation.
Use it correctly with pure PA it's the nearest thing to the HG.

Cheers