I've been away from the PC but see that the GBP news generated a spike and I guess for GBPUSD we should wait for the things to clear a little but the trend still looks down? This news took me out of the XAUEUR with a small profit as I moved it to ...

Quad Candle System

OAPDave you're planning a GBP-USD long, no? It's based solely on the fact the price has reached the low MML zone and for additional filtering you're just using additional timeframe charts with MML or are there other aspects like price action ...

Quad Candle System

Jeff59FX isn't it risky to sell when in the lower MML area? If you don't mind can you please elaborate why did you sell at 1/8 on the daily chart? Thank you.

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The GJ seems to have halted and make an attempt to move price higher? There seems to be a strong rejection on the D1 chart from the 4/8? I noticed that rejections from 4/8 in either direction push price by 1-2 octaves at least.

Quad Candle System

XAU/EUR The price in Daily and Weekly sits at 61.8 area where it also formed a pinbar. Also as seen on the charts the area is a good resistance and that is visible in all timeframes D1, Weekly and Monthly On the monthly, we see also a down channel ...

Quad Candle System

AUD/USD The price on the daily chart sits at a yearly low and that is situated in the 0/8 - -1/8 area. It seems to hold as it resulted in a quad pattern on the line ( close to the D letter ) and a pinbar later on. There has been also an AB-CD ...

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Thank you for the encouragement I will do my best to post the charts in the evening ( now it's morning in Romania ) and I realized I am lacking the posting of fundamental analysis and they are also important in the confluence aspect. Will force ...

Quad Candle System

After the price action on the XAUEUR chart I would open the following trade: SELL @ Market : 1081.83 with stop loss: 1096.35 and take profit at: 1065.00 Another trade I would place would be the AUDUSD BUY @ Market: 0.7090 with stop loss at 0.6980 ...

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Thank you for the input Masterrmind. Yes, I followed the rule you stated in the thread not to open trades during Fridays. There is no need to chase trades, there will surely be a few opportunities each month and that's enough.

Quad Candle System

XAU-EUR shorting idea postponed, I think indefinitely. The reasons for mentioning the short idea were: 1) on D1 I had hoped of a bearish evening star 2) the price was at 5/8 after recalculation and this could be interpreted as a top of the 3/8-5/8 ...

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Thank you for the input. I will wait one more day before deciding if I should enter or not. If I place the order I'll provide the full analysis in here.

Quad Candle System

Masterrmind sorry about the loss. When the price goes overshoot MML we wait for it to go into the new extremes or we can consider shorting it at lower MML numbers? Not sure if I'm saying it right so I'm going to post an example. The trade you just ...

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Great job, would you mind please telling me how the indicator considers the trend? Is it actually by drawing the trendline on daily? As now the price sits just above it ( true it's not a definitive thing and it could be just a false breakout ) for ...

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The 1040 zone is targeted as it looks like a strong support but the 1046 area look as well so how is it possible to predict that it'll go through the 1046 area with ease and go to 1040? Also the final profit destination is the 4.8 MML? As you ...

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Thank you again for your input. I've analyzed the situation and it's not bothering me if I win or lose as I accepted the loss and it's according to the plan. It's bothering me knowing that I have a trade open as I feel obliged to watch it and I do ...

Quad Candle System

I've taken a few more trades based on price action/MML/quads and I think my biggest issue comes from the lack of appreciation related to stop loss/take profit areas. And I don't know why but most of the times I'm not imagining price could go higher ...

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I just noticed this post part, for the entry reasons. I checked the post on my phone and don't know why it didn't show. Now everything is clear. 1. Resistance zone; 2. 8/8 MML; 3. Harmonic 1 to 1 completion near entry level; 4. Stops just above the ...

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Thank you for the clarification. My wonder was when you announced the trade since what I saw was: 1) price on daily showed bullish signs even though it was in the 8/8 - +2/8 area. The Fib 50 was also in front of the price 2) on weekly the 4/8 area ...

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Good luck with the trade. If you don't mind could you please advise the reason for entry, as it was not a quad? The Pair still looks bullish to me?

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Thank you again for your guidance. I will have to reassess a little and will resume with the backtesting and posting charts. I'm aiming to filter bad trades by removing the "easily understood reasons" and I think that when I placed those trades it ...

Quad Candle System