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Quad Candle System

  • #381
  • Jun 19, 2017 4:02am Jun 19, 2017 4:02am
Quoting Masterrmind
Watch List Quads on D1 CHFSGD USDRUB MMLs on D1 Please check your own charts for potential setups. Not alot floating around but it is only the 1st day of the week. Masterrmind.............
CHFSGD

This Quads heading up nicely but also offered up a nice pullback today to get in at a better price.

Anyone trade this pair?

Masterrmind........
Master your Mind then Master your Trades
  • #382
  • Jun 19, 2017 4:07am Jun 19, 2017 4:07am
Quoting Masterrmind
{quote} EU Where is it going over this coming week? Maybe I should make a black Quad + MML template as I see a few traders use the dark charts. Welcome to the thread. Masterrmind.............
Morning Mastermind, caught up with my morning read, once again thank you, but I have to confess to now getting a little frustrated with the actual Quad pattern itself, I am not much use to this multi tasking with 5 grades of trades and around 26 pairs to look at, much more at home reading Murrey as a stand alone method Monthly, Weekly, Daily and now I like 4day, my view is simple (Class 4 grade), look to place trades at the levels with other levels as targets and stops the Octave sizes that you indicate are as good or better than the Quad and also give the trade time to breath, also if any one as bothered to at least look at only pages 6 to 9 of the Murrey slideshow rules they will see a Murrey pattern that comes into play, you have far more ability to trade and monitor all these possible trades than me so I am now finding it a little harder to keep track of all the developments that's happening, do say you carry my full support it how and what you are doing its just my poor computer skills that make my trading more difficult.
http://www.powershow.com/view/afebe-...t_presentation
  • #383
  • Jun 19, 2017 4:57am Jun 19, 2017 4:57am
@Mastermind

What's your Broker you use ? CHFSGD .... hmmm, a not very common pair ....
  • #384
  • Jun 19, 2017 5:30am Jun 19, 2017 5:30am
USDCAD
Daily Quad long off 0/8 line still valid with pullback to buy at a better price.
Regards
  • #385
  • Jun 19, 2017 5:38am Jun 19, 2017 5:38am
Quoting DerBerliner
@Mastermind What's your Broker you use ? CHFSGD .... hmmm, a not very common pair ....
CHFSGD is not a very common pair to trade thats true.

I listed it because it was one of only a few completed Quad Patterns and it would have been a very good setup as the trade pulled back nicely before heading up higher.

Broker is on TE.

Masterrmind.........
Master your Mind then Master your Trades
  • #386
  • Jun 19, 2017 5:58am Jun 19, 2017 5:58am
The reason why I like the 4 day, I use the chart-shift as the Trend so when the chartshift is down I look to sell at higher levels and visa versa for Trend up, just looking at the 0/8th -1/8 and -2/8 also 8/8 +1/8 and +2/8th areas
Attached Image(s) (click to enlarge)
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  • #387
  • Jun 19, 2017 6:07am Jun 19, 2017 6:07am
Quoting OAPDave
{quote} Morning Mastermind, caught up with my morning read, once again thank you, but I have to confess to now getting a little frustrated with the actual Quad pattern itself, I am not much use to this multi tasking with 5 grades of trades and around 26 pairs to look at, much more at home reading Murrey as a stand alone method Monthly, Weekly, Daily and now I like 4day, my view is simple (Class 4 grade), look to place trades at the levels with other levels as targets and stops the Octave sizes that you indicate are as good or better than the Quad...
Trade setups that are purely MML are perfectly ok if thats what you wish to post even on smaller TFs is ok by me.

The D1 Quads do take time to unfold and often longer to complete.

It is an intention of mine to look for MML setups on D1 and lower TFs and eventually trade a combination however given a 1K account size only 1 or 2 trades at the most can be made based on assigned risk.

I have mentioned previously that I will increase the balance of the account after I take at least a few trades on this current account.

After 1 more trade I will increase the balance so that more trades can be entered for both longer term and shorter term MMLs and D1 Quads as they unfold.

I will trade the Quads on D1 almost entirely since the setups on lower TFs are less reliable although H4 might be used but not very often.

The MMLs can then be traded on shorter term setups for example intraday.

When I get to this stage I will outline clearly what Im doing so there is no confusion between longer term and shorter term trade setups.

Longer term mostly Quad D1 setups.
Shorter term applying smaller TFs on MML.

An indicator that prints to the chart completed Quad Patterns on D1 and perhaps H4 TFs for all symbols offered by a given broker is what we need to save some time.

I will search for this type of indicator or consider coding up either the indicator or an informative Dashboard.

The Symbol_Changer indicator is also a time saver when going from 1 symbol to the next.

I will upload this template either later today or tomorrow.

Masterrmind.........
Master your Mind then Master your Trades
  • #388
  • Jun 19, 2017 6:21am Jun 19, 2017 6:21am
Quoting howard
USDCAD Daily Quad long off 0/8 line still valid with pullback to buy at a better price.
Quad setup no longer valid after D1 entry candle has closed.

An entry anytime on Quad4 + 1 meaning Candle 5 in the sequence is by the rules...after which I would not take the trade because it is not a valid Quad.

ps. I am not saying that getting into the long side of USDCAD is necessarily a bad idea, it might be ok but its not a valid Quad entry.

Masterrmind.......
Master your Mind then Master your Trades
  • #389
  • Jun 19, 2017 7:12am Jun 19, 2017 7:12am
The life of a MurreyMath Trader, A real tough example to get to grips with, Monthly Weekly and Daily view all set to MM64 now what I am looking to see if the 4 day can put a chart shift in to signal a up trend ? read the 3/8ths 5/8ths on all timeframes ? not easy but give it some thought ?
Attached Image(s) (click to enlarge)
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  • #390
  • Edited 8:36am Jun 19, 2017 8:22am | Edited 8:36am
Quoting Masterrmind
{quote} Quad setup no longer valid after D1 entry candle has closed. An entry anytime on Quad4 + 1 meaning Candle 5 in the sequence is by the rules...after which I would not take the trade because it is not a valid Quad. ps. I am not saying that getting into the long side of USDCAD is necessarily a bad idea, it might be ok but its not a valid Quad entry. Masterrmind.......
Hi Masterrmind,

I am attaching an multi symbol pips dashboard (open close prices selected) which can provide manual Quad pattern detection. Mql not available.
and For single symbol, bars up and down counter. I am not sure how this functions. May be it's not useful for Quad pattern. Can you please explain it how it functions as I am not aware of how to figure out mql.

Attached Image (click to enlarge)
Click to Enlarge Name: Multi pips dashboard for Quad pattern detection and barsback for single symbol.png Size: 43 KB

And an useful EA for multi symbol trade entries. It sets up TP,SL, Lots change instantly with facility to reverse trades
Attached Image (click to enlarge)
Click to Enlarge Name: Just Buttons trading pad.png Size: 37 KB


Quad pattern strategy is a great emotional management and trading tool and you won't find such a thread on FF. Patient traders will find in it immense value.
It is akin to waiting for the fish to be hooked.
Attached File(s)
File Type: ex4 Dashboard_Multi Pips.ex4   38 KB | 415 downloads
File Type: ex4 mn JustButtons.ex4   31 KB | 363 downloads
File Type: mq4 mn XbarCnt.mq4   3 KB | 402 downloads
Practice makes a person perfect
  • #391
  • Jun 19, 2017 5:21pm Jun 19, 2017 5:21pm
Gbp/Cad live Quad set up anyone have any thoughts ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPCADSBDaily4day.png Size: 45 KB
  • #392
  • Jun 19, 2017 7:01pm Jun 19, 2017 7:01pm
Quoting simnz
{quote} Hi Masterrmind, I am attaching an multi symbol pips dashboard (open close prices selected) which can provide manual Quad pattern detection. Mql not available. and For single symbol, bars up and down counter. I am not sure how this functions. May be it's not useful for Quad pattern. Can you please explain it how it functions as I am not aware of how to figure out mql. {image} And an useful EA for multi symbol trade entries. It sets up TP,SL, Lots change instantly with facility to reverse trades {image} Quad pattern strategy is a great emotional...
I appreciate the post simnz and I will check them out.

Im sure they will be useful though however a little limited in terms of the data I want displayed.

Most likely a fresh Quad-MML Dashboard will need to be coded.

Or at least a Quad indicator that identifies the pattern on any TF but mostly for D1 and perhaps prints a box to the chart that surrounds the pattern and is colored in the direction as red (Quad short) or blue (Quad long).

All these tools take time to create.

Thanks again.

Masterrmind........
Master your Mind then Master your Trades
  • #393
  • Jun 19, 2017 7:24pm Jun 19, 2017 7:24pm
Quoting OAPDave
Gbp/Cad live Quad set up anyone have any thoughts ? {image} {image} {image} {image}
I think this pair will move around alot but certainly the MN 0/8 level would be ideal as a potential TP.

Masterrmind..........
Master your Mind then Master your Trades
  • #394
  • Jun 20, 2017 2:27am Jun 20, 2017 2:27am
the EURCAD trade that was traded last week is working out nicely ! the TP level is the monthly octave level
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 61 KB
  • #395
  • Jun 20, 2017 2:36am Jun 20, 2017 2:36am
Quoting nozzer
the EURCAD trade that was traded last week is working out nicely ! the TP level is the monthly octave level {image}
Good post, nice chart, as soon as you feel its correct lock something in and look for your next trade, Well done
  • #396
  • Jun 20, 2017 2:41am Jun 20, 2017 2:41am
how long you been trading murray maths, dave?
  • #397
  • Jun 20, 2017 2:58am Jun 20, 2017 2:58am
Quoting nozzer
how long you been trading murray maths, dave?
Met Mr Murrey June 17th 2013 when he was invited to the Uk to meet some guys that were interested in his ideas, happened to find out about it so met him in a pub for a face to face and then bought is End of Day software, lots of problems getting started, 1, was you had to find you own data vendor, I let the licence lapse after a couple of years as his back office was the worst I have ever encountered, its been a long struggle to understand it and I am very thankful to Mastermind letting me bounce things off him
  • #398
  • Jun 20, 2017 3:35am Jun 20, 2017 3:35am
Quoting OAPDave
{quote} Met Mr Murrey June 17th 2013 when he was invited to the Uk to meet some guys that were interested in his ideas, happened to find out about it so met him in a pub for a face to face and then bought is End of Day software, lots of problems getting started, 1, was you had to find you own data vendor, I let the licence lapse after a couple of years as his back office was the worst I have ever encountered, its been a long struggle to understand it and I am very thankful to Mastermind letting me bounce things off him
Its certainly great to have you participating here OAPDave.

Let the journey continue and may the trades be well thought out and prosperous.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #399
  • Jun 20, 2017 3:38am Jun 20, 2017 3:38am
Quoting OAPDave
{quote} Met Mr Murrey June 17th 2013 when he was invited to the Uk to meet some guys that were interested in his ideas, happened to find out about it so met him in a pub for a face to face and then bought is End of Day software, lots of problems getting started, 1, was you had to find you own data vendor, I let the licence lapse after a couple of years as his back office was the worst I have ever encountered, its been a long struggle to understand it and I am very thankful to Mastermind letting me bounce things off him
Must just add, that I started to trade it with mixed success when I got it up and running, but Mt4 had the intra day versions we are now using, so I was getting distracted between intra day charts and EOD charts and although was making green pips never new if I was trading in the correct manner, its always harder to trade another guys method than you own, that's why after all this time I think the guys that are interested in trading the Murrey way are very lucky to have this thread run by Mastermind, I think he as answered every question thoughtfully that as been thrown at him, so deserves all the respect and support we can give him.
  • #400
  • Jun 20, 2017 3:39am Jun 20, 2017 3:39am
Quoting nozzer
the EURCAD trade that was traded last week is working out nicely ! the TP level is the monthly octave level {image}
Nice trade nozzer.

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