Quad Candle System

Quoting Masterrmind

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GBPCHF BE initiative {image} IF price gets closer to the resistance level I may lock in the trade at BE + a few pips. This level will be just over 150 pips from entry. Study the chart structure close to my trade entry ... Q1. What do you notice ? Q2. What might this affect ? Masterrmind..............

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Quoting Masterrmind

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{quote} AJ {image} A break up through resistance rather convincingly. Breakdown in price might occur anytime soon. Or will price attempt to tag the +2/8 MML on this M5 Chart. Masterrmind............

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Quoting Masterrmind

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{quote} AJ [M5; P=64; MMP=60] {image} 1 to 1 harmonic completion. Fib expansions applied 127.2 and 161.8 to highlight potenyial exhaustion zones (in confluence with +2/8 MML) Price pierced the +1/8 MML Hard to say for sure if the bulls have finished their aggessive behavior although weakness has started to creep in. Observation continues. Masterrmind.............

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Quoting Eldero

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Can I ask you what does it mean when the chart shows Bravo!! ? Thank you {image}

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Quoting Masterrmind

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{quote} The Bravo must have been saved into that template. Please delete each object and then save the template under a different name. I will however, upload a new template to Post #1 as soon as I have some free time. Thanks, Masterrmind.............

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Quoting Masterrmind

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{quote} AJ [M5; P=64; MMP=60] {image} 1 to 1 harmonic completion. Fib expansions applied 127.2 and 161.8 to highlight potential exhaustion zones (in confluence with +2/8 MML) Price pierced the +1/8 MML Hard to say for sure if the bulls have finished their aggessive behavior although weakness has started to creep in. Observation continues. Masterrmind.............

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Quoting OAPDave

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{quote} A Daily range could be taken into consideration to ? {image}

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Quoting Masterrmind

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AJ Harmonics in confluence with the 2/8 MML ... nice. {image} So the purple AB leg = the CD leg in pip count. 50 Fib pullback of the BC leg and continuation up. This purple harmonic is the full daily harmonic move. Larger harmonic moves comprise smaller internal harmonic moves. They provide expectations of where price is likely to go and then give an indication of reversal zones (they occur very often in any market). Masterrmind............

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Quoting Masterrmind

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{quote} AJ {image} Price is still slowly creeping up the chart. The expectation is that price will exhaust out at one of these levels, the skill comes in determining when to enter short to sustain minimal DD. Reward to risk is crucial on these type trades. I will not be trading this pair today. However, I do enjoy the technical analysis. Hopefully it is of some use. Masterrmind..........

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Quoting Eldero

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{quote} Very much appreciated I am not well informed about Murrey Math, and I saw that you set the MMP to 60 in TF 5m So, I suppose that every time frame has its own parameter. If so, can you tell me what would be the parameters for each tf or how do you decide to set them? Thank you

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Quoting Masterrmind

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{quote} I usually apply P = 64 and MMP = 0 for all TFs traded. If the octave gap relative to the TF is too tight (for example M5, M15 etc TF with an octave gap of 7 pips) then I will alter the MMP setting and re-check the chart. Initially I simply sight the chart and I know if its acceptable or not. Large range candles that cover the octave gap because its too narrow are not suitable. Usually I want to see several candles fitting the octave gap NOT just 1 or 2. I will alter the numbers in the settings for a better fit if this occurs. ps. Note the...

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Quoting Eldero

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{quote} Great, a very clear explanation. Thank you

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Quoting Masterrmind

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Post #1 now updated with Quad-MML-Version 3 Zip folder. {image} ps. several templates and indicators can now be found in the zip which will be updated over time. pps. as I get free time the plan is to code up my own MT4 Information Panel but the current one will have to do until that happens. Masterrmind.............

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Quoting togerhard

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{quote} Hi Masterrmind, Congrats to your new thread and wish you all the best, guess you stopped the Quantum and do focus to this new system, I just found it now and have to study first everything to understand about it, do subscribe Gerhard

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Quoting hesron

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thanks {image}

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