I took the nzdusd short at 0.7066 right after trump's speech.
Let's sée what will happen...
Let's sée what will happen...
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Disliked{quote} CHFJPY Take note that the current Quad Pattern is setting up for a long after the previous Quad pattern was for a short. But we "perhaps" have a bias to the downside. At what level would a great entry occur? Is it likely that price will hit this target? Entry usually occurs after the close of the 4th candle ... so when does this occur? What day will it end on ? Do I like opening D1 positions on a Friday? What about other traders? ps. answers to follow after a few minutes unless someone has ago at answering them ... not difficult. Masterrmind...............Ignored
DislikedThanks for your insights Masterrmind ! Also I noticed that pairs correlation can be important. For example, USDCHF is near a big support and we could get a buy quad signal today. So CHFJPY could move at the same time. Do you use this in your analysis too?Ignored
DislikedThanks for this thread ! I'm trying to use this method since I saw a video from Paul Langham. I find it very useful because it adds something important to my trading: patience. Attached is a nice GBPNZD trade I took a few days ago. Apart from the V formation, I decided to take it because: there was some room for a sell it was at an important resistance level the global weekly trend is down I already took some partial profits and let it run for some more {image}Ignored
DislikedPrint to the chart the pip gap for a given setting of the MML indicatorIgnored
DislikedPrice continues to push up closer to our Quad Zone of Engagement (QZE). While this setup is playing out start searching for other potential setups. The process requires a lot of patience! When a potential setup is meeting our expectations it makes it all the more sweeter. But even so this never can guarantee a successful outcome. We trade with the probability on our side by getting as much confluence as possible and then we still need to manage the risk all the while building our case for an entry. not sure I understand as a newbie, I thought you...Ignored
DislikedI took the nzdusd short at 0.7066 right after trump's speech. Let's se what will happen...Ignored
Disliked{quote} Update to the Pair we both traded although I got out banking a few pips, but now having another think ? ps all my charts will be based on 64 {image} {image}Ignored
Disliked{quote} Yes we are waiting for a potential reversal to occur and then trade this pair to the downside. Note that many times there may be a conflict going on meaning that the current or currently forming Quad Pattern is against our global bias. In simple terms, it means that although we want to eventually look for a short in this pair the current Quad Pattern is suggesting long. So we need to align eveything in the setup to meet with our expectation (expectation is simply our own view of where this pair should go either long, short or neutral). Confluence...Ignored