I certainly don't think it would hurt. What you are attempting to do is add a degree of confluence to your trade setup. As for a strength meter reading PA can certainly help but its quite subjective at times and the market will do what the market ...

Quad Candle System

GBPUSD [D1 Chart] Quad Longs for about a 1 OG target off the OPL_5 level certainly would have yielded good results. image Nasty swap to the long side would have made shorter term plays more attractive, in and out over several days rather than a ...

Quad Candle System

No problem, if your busy then you are busy. See you when you have the time, I'll be here. As for Quad Setup on Oil, on a D1 TF the Quad completed the Quad Entry Candle was yesterday. But it was certainly a nice Quad, if the bulls continue to run it ...

Quad Candle System

Nice pickup off a Quad Long as price has moved north over 100 pips since the Quad Entry Candle Open Feb 12. Masterrmind............

Quad Candle System

10K Account Some trades taken out for a small gain. Refer to myfxbook for additional information on actual trades closed out. I may very well apply pending orders (Limit orders) at currently closed out trades initial entry prices at same volumes. If ...

Quad Candle System

10K account If the W1 bar closes bearish on Gold at week end I will enter short and follow a QuadToQuad sequence from early in the following week. image Risk across the account will continue to adhere to QCS Guidelines. If a Quad Weekly Short does ...

Quad Candle System

Go long with not more than 3% risk. 244 pip stop with a 488 pip target near the yellow line. BE after 1RR. Hold out for the target at about 2RR. Price does have some lovely falls from grace it could hit though ... chart structure look left ... hmmm. ...

Quad Candle System

10K account I have just closed out 1 UJ entry simply to recover the drawdown from the 1st trade (loss). Should price pullback I may add in another trade at the same volume. Closed out trade profit exceeded the initial loss. Masterrmind............. ...

Quad Candle System

Quad Candle System - Master 1K GBPCHF [D1] image CADCHF [D1] image Masterrmind.............

Quad Candle System

10K account update SL moved to BE+pips on 2 entries of 2 symbols to protect positions. The locked in trades now allows me to add in additional volume above and beyond the set limit if desired although trading volume is no where near max at this ...

Quad Candle System

Not a problem at all. Time for some rest for me I'm afraid. Good trading, Masterrmind..............

Quad Candle System

EURUSD [D1 :: P64] image EURUSD [D1 :: P256] image Yes same convergence. Note the increase in the Octive Gap from 30.5 pips to 61 pips. Note the swing low shown in the P256 chart and how price made a nice leg up to 1.11694. ...

Quad Candle System

One study QCS traders could perform is compare the outcomes of Quad trades using simplified logic between Sunday bar brokers and non-Sunday bar brokers. My tools (basic version) are locked to D1 P64 but I could add in the option to apply P256 so ...

Quad Candle System

Yes I recall that tool. Using fibs within the octives is good form provided the minor octive gaps are tradeable ie enough range but I also look at the external PA and larger ranges to gather an overall view. As far as the QCS methodology is ...

Quad Candle System

Nice posts OAPDave. I know you are not a higher TF trader in general but for a D1 TF do you have any studies done that might suggest an advantage to using a period other than P64 ? Masterrmind........

Quad Candle System

Lets check trading volumes meet with the guidelines set out in Post 1. If Equity >= $1000 then Max Lot Size = 0.10 lots --> recommended [0.01 to 0.05] 1K Equity (Max Lot Size = 0.10) Trade 1 @ 0.01 Trade 2 @ 0.02 Trade 3 @ 0.03 Trade 4 @ 0.04 Trade ...

Quad Candle System

GBPCHF [D1 Chart] How about cycle 2 long into this symbol for the 1K account ? image Edit: Now long..... Masterrmind.............

Quad Candle System

Yes the way this basic indicator works is from the current bar out 64 bars to the left. There is no escaping the Trading Frame, as you say, there is no entry or exit into or out of it. An historical version of the indicator will show various octive ...

Quad Candle System

Quad Candle System - Master 1K Here is the current setup on the CADCHF symbol. image Notice how the Buy Stops are quite a distance away from the lowest entry (0.01 lots within the Lower Octive Extreme Zone which is the most recent entry). The idea ...

Quad Candle System

Another symbol is also being considered for the 1K account. At this stage it depends on current entry active on the CADCHF pair but most likely Tuesday or Wednesday at this stage. Cycle 2 symbol will not be CAD related. I will provide current lots ...

Quad Candle System