AUD-CAD News Aspect to take in consideration: Usually NOV Core Retail Sales m/m and CPI m/m come worse than expected. *Closed my AUD-CAD for around 20 pips. Hope price goes up for another sell. GBP-USD could provide an entry to buy but ahead there ...

Quad Candle System

A trade that could be potential is EUR-GBP short from as close as possible to 0.8900 and the stop loss around 0.8940 with a take profit around 0.8800. The reason is the highs in the gray rectangle. If you notice they all stop in a very precise ...

Quad Candle System

Thank you for the input. It seems to have stopped in the pivot point 4/8. I saw the forming ABCD by A at 0/8 MML, B at 4/8 MML, C at 1/8 and D is under construction and should be at around 5/8 MML. I've noticed the growth has been caused by the ...

Quad Candle System

Thank you for the encouragement Masterrmind, I'm really curious about the trade output although currently, it's under weather. Thank you for the input OAPDave, it look like I broke a clear rule, never sell at the bottom of the range...There is still ...

Quad Candle System

AUD-CAD Daily: 1) The price broke the down channel and entered into an upper one 2) It was just at the top of the ascending channel line and the ascension is steep so a retracement could be justified 3) The price was at a round number 0.9600 3) ...

Quad Candle System

SELL AUD-CAD @ 0.95913 SL: 0.97164 TP: 094100 Will post probably tomorrow morning or evening ( my local time ) the charts and full analysis.

Quad Candle System

Out of the trade as despite the USD-CHF selloff the price stalled into the trendline that sits in that price area ~1.3710. Don't know if in the end it is going to be a good or bad trade but I feel it's bringing to much trouble and incertainty.

Quad Candle System

Thank you for the input. If I understood correctly it's like you mentioned in one of your earlier posts? You're using MML shifts on the chart and then waiting for price to go to extremes for reversal?

Quad Candle System

Is there any way to establish the direction of triangle breakout?

Quad Candle System

Thank you for the advice. I think I also have to stay out because to be in 2 trades at the same time means I should've planned split the risk among them? If I understood correct, when we say I'm risking a 3% of account it meanst that meansen trades ...

Quad Candle System

EUR-GBP opened with a gap so I guess it's best to wait to see if we can get a better entry price as per rule: gaps must be filled? NZD-JPY in monitoring mode

Quad Candle System

Ideea #2 CHF-SGD manage to get back in again... UPDATE: I'm back again at the initial entry price: 1.37091

Quad Candle System

NZD/JPY was another currency I've been following and the candle pattern that formed points to a bearish direction but it's not in the right MML area. The duplicated down movement is of ~321 pips and please look where the replication would finish, in ...

Quad Candle System

Idea #1 EUR-GBP - BUY ( not an exact idea on entry price, sl and tp as I go to sleep and will check again tomorrow morning ) Daily: 1) Price seems to be in a descending channel but at the bottom 2) Engulfing pattern 3) Support held 2 times with a ...

Quad Candle System

Thank you for your input. Actually, I feel I'm forced to trade all forex pairs, except the ones that involve unstable currency like RUB and TRY? I'm saying that because I must find 5-6 opportunities a month ideally and at least 3. So, I have to ...

Quad Candle System

Thank you for the input. You're right, I should treat the demo account fully as the real account. I've only approached it regarding actual trading, not about money management. The mt4 platform opened default with 0.10 lot and I just clicked sell/buy ...

Quad Candle System

Trade closed on breakeven, will check again Monday morning if a re-entry should take place. Have a great weekend!

Quad Candle System

Thank you for the input. Another piece of information added to my trading plan puzzle. I could use the same aspects to get a better price for entries as well. I am starting to feel that a good trading plan would involve: D1, Weekly, Monthly for ...

Quad Candle System

Thank you for the input. I wish to have been in that situation, as trailing meant being in profit but unfortunately, I was wondering if there was a procedure when entering into a trade and then get second thoughts and you start ...

Quad Candle System

Masterrmind, do you ever adjust stop losses and take profits when trading? Or you stick to plan your trade and trade your plan motto? If you do, you have a special procedure for doing this or is it fully discretionary?

Quad Candle System