Really enthusiastic about this and hope more people will join. Starting directly with 3 profitable demo months I also got a feeling that it works and I think that if I don't make it from the start on live account it's because of the switch and ...

Quad Candle System

I mean no offence, just sharing my opinion, but I think it stands a chance and I'm not just saying this because I'm following the thread. I'm mostly counting on the fact that Masterrmind has been trading since the 80s so he's seen it all and can ...

Quad Candle System

That sounds like quite a plan and be sure I'll join in with my live account starting January. Not sure if I'll be able to keep up with the growth rate but at least it's the best chance I think I can get into making it. This thread is transforming ...

Quad Candle System

I've just noticed that in 2019 you mentioned possible usage of other harmonic patterns. That would be interesting as I feel they're very accurate and would really improve trading. Should we take the course or buy the software to identify the ...

Quad Candle System

Sorry to hear about the loss, you'll surely recover it. If the trading system is good eventually winnings will cover losses and that is well proven in your situation. I also learnt something from your actions: in time of uncertainty, stop losses ...

Quad Candle System

My first stop loss: been taken out of the GBP/JPY trade. It's better this happened on a demo account as I have time to learn how to react on it. While closing on the loss I thought I should've hedged, adjusted the stop loss, enter additional ...

Quad Candle System

Thank you for the input. I know understand that we should avoid pending orders during events like this. So the best course of action in these situations ( if we can't be completely out ) is to adjust stop losses and sit in the news? If we get a ...

Quad Candle System

Again a thinking as your position of entry is not very close to the current price. If you leave pending orders along the way? I mean if the price goes down it'll take your stop loss but if the price goes up you could leave pending orders along the ...

Quad Candle System

I'm in a somewhat similar situation with you based on the GBP/JPY long trade that is not yet closed, not yet in profit. I was thinking of leaving it open since the current risk-reward ratio would favour it. It's around 50 pips to SL 125 to BE and ...

Quad Candle System

100% true, by working on larger time frames we're having a greater control of our actions and even with less precision, we can be profitable.

Quad Candle System

Thank you for the encouragement and input. I will do my best to keep trading as close as per your rules as that is what got me to this stage and hopefully, when I move to live I won't ruin it, by emotions. If that is ok I will do my best to expand ...

Quad Candle System

I think the first step I must take is when posting trades to justify SL and TP as well, not just entry as this way you'd see and correct the wrong thinking. Plus I should also learn more about fundamentals. If there is anything else I should fix ...

Quad Candle System

Thank you for the input and analysis as it would allow me to further improve. I think you've pinpointed the actual problem I'm facing. Besides identifying the entries I feel that the TP and SL are just random numbers... I mostly set them up by ...

Quad Candle System

Thank you for the input. Only the pivots on the monthly charts I was considering as they showed price bouncing around it on several occasions while browsing the charts. Other indicators I'm not even considering as it's how you mentioned they keep us ...

Quad Candle System

Placed SELL @ 1.3774 TP: 1.32000 SL: 1.3510 on USD/CAD. Sorry for not being able to post analysis now, will do it either tomorrow morning or evening ( my country time ). Also will try to closely monitor it as tomorrow it's a big news day for USD and ...

Quad Candle System

I don't know if it helps, but please try to make a full analysis of the currency pair using the indications on the 1st post. If you want please post it in the thread as we all have a chance to learn out of it and Masterrmind will review it and tell ...

Quad Candle System

Also an additional question for Masterrmind: What do you think of pivots, are they useful in trading for additional confluence? I am thinking of the monthly pivots not the ones from lower timeframes. If pivtos would be good, which ones: Fibonacci, ...

Quad Candle System

I know it's "exotics" but I thought just to put it on table for analysis: Quad ( almost formed as the last bar will close in about an hour ) formed on USD-SGD Daily: 1) Location in the extreme MML showed rejection 2) Quad almost formed 3) AB=CD ...

Quad Candle System

If you don't mind could you please tell me or point me in a direction/link to learn on how could forex benefit from the volume as I've read it's decentralized market and it's not a clear way to know the real volume? Or it's something like OBV ...

Quad Candle System

Looks like a good trade also in the extreme MML zones but what could be the downside is the seemingly USD depreciation and there is still some upside room at least to 0.7450 area. Also what I see is an engulfing monthly but that's a far away ...

Quad Candle System