Thank you for the appreciation, the trade is still running: battered but not broken... What I found out interesting is that there were reactions of upside spikes with increases of around 50 pips in a second when at 144 and 143 area so this means ...

Quad Candle System

GBP-JPY - BUY @ 144.66 , SL: 143.80, TP: 145.60 UPDATE: SL adjusted to 142.700 to give space before the news. Reasons: Daily: 1) Price stopped nicely at 78.6% Fib area 2) Price stopped on the trendline that is beginning to form 3) 1/8 MML acted as ...

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I think it's good because 1.64 support area seems to hold so it's probably to grab a bigger slice of profit than let it return on the market. Just newbie thoughts. Maybe price will start to move into a range in the 3/8 - 5/8 area?

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Thank you for the input. The 5% would be amazing if I could reach it on average monthly, but hopefully, in time and with experience, I will. I think I have established myself my main trading rules: 5% monthly and not go lower than D1. If maybe in ...

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Thank you for the input, actually, I'm thinking that these trades would have not taken place in a real account but since I'm on a demo I decided to try a little bit more to experiment. My goal is to take around 7-8 D1 trades and generate an increase ...

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Just revisited again the first post and I noticed that MML is going to be phased out. This means we should remove it from our analysis starting now or should we wait for the replacement? Do you have any inside information on the new ...

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CAD-CHF Buy @ 0.75100 SL: 0.7465 TP: 0.7565 Considerations to enter: Daily: 1) Fib 61.8 held 2) A small double bottom 3) Unfortunately it seems to be a range between 0.7470 and 0.7565 4) I would put the pending order lower but I think it won't go ...

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AUD-USD Sell @ 0.7350 TP: 0.7280 SL: 0.7420 . Considerations to enter: Daily: 1) Ascending Triangle 2) Price in extreme MML 3) Some rejection from extreme MML but also some rejection from the buyers 4) Resistance around 0.73664 Weekly: 1) Resistance ...

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AUD-CAD - Sell @ 0.9790 TP: 0.9720 SL: 0.9850 . Considerations to enter: Daily: 1) Fibs 61.8 at 0.9809 area 2) Round number: 0.9800 are 3) Price getting close to extreme MML zones Negatives: - Price is in an ascending channel so longs should be ...

Quad Candle System

Excellent food for thought and ways of keeping a trader in line with profit targets.

Quad Candle System

Wow, great posts I found in here. Will look carefully again over it during the weekend to understand and search if I can find trades and post analysis. I see you put on the table the issue of account % vs accounts reward. I was wondering this myself ...

Quad Candle System

We could have sold at every retracement to resistance but to be on the safe side we could have done it in at the end of April 2018, Middle of September and Middle of October when there was also a price reaction to the trendline? The big question ...

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Thank you both for the input. I will revise again the rules from the powerpoint presentation and will also begin to look on charts to see how price reacted against the locations. I think the ranking of potential has been made based on the following ...

Quad Candle System

I found this about MML: Horizontal MMTLine: We are looking to trade a market Long when it is reversing off its: A Best odds potential = 1/8ths MMTLine B 2nd Best odds potential = 0/8ths or 2/8ths MMTLines C 3rd Best odds potential = -1/8ths MMTLine ...

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That would be the best course of action. I just realized that news time has passed and it came with mixed results for CAD Let's see how the price behaves around 0.9600 area. Good luck trading if you're going to select a side and again thank ...

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I'm at newbie level, using all sorts of analysis for confluence, except indicators About ESMA I think that if they took leverage, they must also give something in return to traders and that is the negative account balance protection Granted ...

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Thank you for your input. It's just my newbie opinion, not sure if what I'm saying is right. It should go down but first, the news should pull it a little higher. The break of the downside channel has completed since it took the same height in ...

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I also noticed that 0.9558 support area proves to be a tough nut to crack...

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Thank you for the input. I opted for the "exotics" as the others suggestions I posted are not very clear in my mind. This is why for those I didn't post an exact entry/stop loss/take profit. I have a plan when I will trade live for exotics and as a ...

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Another trade that could really prove to be nice is the Short ZAR-JPY @8.189 SL 8.300 and TP 8.000. Daily: 1) It's at the upper side of the ascending channel 2) 6/8 MML acts also as a resistance ( watch previous price reactions around 8.200 ) 3) ...

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