Thank you for the input Masterrmind. The first lesson learned: I wanted to start taking trades in the extreme MML preferably with quads but as you previously mentioned, that's not enough, we need confluence as well. I was curious of the outcome if ...

Quad Candle System

Third trade: BUY @ 1.2590, SL: 1.2430 ( 100 EUR ) , TP: 1.2774 Daily outlook: Quad into extreme MML Downtrend into channel AB=CD pattern completed Support at 1.2454 (the equivalent of -2/8 MML ) Weekly & Monthly outlook = Bearish Stop loss: - 163 ...

Quad Candle System

Second trade: SELL @ 1.3262 ; SL: 1.3475 ( 100 EUR ) ; TP: 1.3030 - 1 DEC 2004 1) Daily Chart : Engufling bar after showing some signs of price exhaustion or consolidation AB - CD pattern completion Price in extreme MML area Price showing signs of ...

Quad Candle System

Ok as mentioned, we begin backtesting. We're starting from 05-2004 on EUR/USD first 1) The first available trade with a quad at an extreme MML is on 27-oct-2004. It's a Wednesday so we can open a trade. Entry: SELL @ 1.2711 / SL: 1.2863 ( equivalent ...

Quad Candle System

Ok, some steps prior to actually posting the charts and trading analysis. 1) I will be keeping on the chart in posting only 8/8 to + 2/8 , 4/8 and 0/8 to -2/8. The reason I'm doing this is to keep visible space on the chart for drawing: harmonics, ...

Quad Candle System

Thank you for the answer. I really appreciate your input and I know it's made only for the sole purpose of improving thread participants. This is why I'm always going to be asking for your review. Providing transparency in the thread, including a ...

Quad Candle System

Thank you for the appreciation Masterrmind, whenever I start analysis the outcome must be only one: confluence. I am still amazed by the concept, I somewhat applied it unknowingly in daily tasks but since you spelled it out in the thread it's taking ...

Quad Candle System

GBP/JPY - Sell 0.02 @ 147.931, TP: 145.40 SL: 150.25. Stop Loss won't be further adjusted but TP might be adjusted based on price action Total Risk ~ 50 EUR Reasons to enter: 1) Price action: The bars in the rectangles shown on the map: an outside ...

Quad Candle System

Trade url - temporarily closed at a profit of 180 pips. Reason for closing: loss of momentum when crashing into the resistance. My next step was to draw the Fibonacci for the swing and evaluate price action at retracements. Should the 38.2 hold we ...

Quad Candle System

Regarding trade available at: url , it went over 100 pips in profit. I didn't add any positions as it's not clear of the reactions around 0/8 MML. I expect the 38.2 Fib to hold to continue up movement. I've moved it to break even. I am not sure if ...

Quad Candle System

Awesome job.

Quad Candle System

Currency: USD/CHF - D1. Entry: Long @ 0.96539 ; TP: 0.99651 ; SL: 0.94179 Charts attached. D1+W1+M1 and Daily with Harmonics and Pivots My analysis: 1) A quad pattern formed in -2/8 - 0/8 area 2) Harmonics movement completed AB=CD but overcame by ...

Quad Candle System

Thank you again for the clarifications Masterrmind. One more thread reading is required then I guess it's time to backtest to get a real feeling of how to analyze the trades.

Quad Candle System

Thank you for the answer. I opened the demo account to start looking at charts also in real time but it'll be a while until I'll give it a go. One more thread reading, then history back testing and posting analysis in the thread. Since repainting of ...

Quad Candle System

Thank you for your appreciation. I will review the thread one more time and then will start posting manual backtesting on currencies and post charts with the analysis in the thread. I saw the debate in the thread for the number of the bars and 64 is ...

Quad Candle System

In the resistance area, the currency was overbought and the price reversed. But now the price is in an oversold area so the 4/8 and -1/8 look like a range. I think this is kind of the same situation, there is a range on the weekly chart between 6/8 ...

Quad Candle System

Thank you OAPDave for the charts. I can see a pattern, the lower the number of the octaves it mostly confirms overbought and oversold areas, but in the larger timeframe of octaves, it all looks ok, not overbought and oversold. So ideally it should ...

Quad Candle System

Finished reading the thread for the first time. I think I have found my place as it seems to be an all-inclusive solution. Not only the trading system itself is explained, but the fact that you make traders compare their profitability with bank ...

Quad Candle System

Thank you for the charts OAPDave. It seems that the higher the number of period in the MML the price moves into a normal zone, not overbought. However the price seems to be at an important octave even in that situation. 4/8. Considering this change ...

Quad Candle System

Masterrmind if you have time, could you review my analysis on EUR/USD D1? I know it's not a QUAD formed yet but it could be on Monday. Daily 1) On the daily chart, the price shows an almost QUAD in the 8/8- +2/8 area. 2) Fibonacci 100 is a little ...

Quad Candle System