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High Level Accuracy Method With Little To NO Draw-down

  • #121
  • Feb 3, 2019 12:48pm Feb 3, 2019 12:48pm
Quoting okshop
EU friday p/s was this a long trigger setup {image}
@okshop

OK we need to squash some of these mate. And tweak them some more.

Please identify TWO BULL BARS then a BEAR bar for a SELL setup, the BEAR Bar's BODY, MUST engulf the 2nd BULL Bars Body. Once you have, do the following:

1) Place your H-Trendline in the middle of the two BULL BARS (on its first bar's close and 2nd bar's open). This is your ENTRY trigger as price comes back for a revisit.

2) Find the highest Wick out of all 3 bars - place a H-Trendline in there. This will act as your Breach Line. Then place your SL above there.

3) Find the most RECENT structural LOW for these sell setups... this will act as your TP

ATB
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  • #122
  • Feb 3, 2019 12:51pm Feb 3, 2019 12:51pm
Quoting wasntme
Thos isnt much different that atheer1 reversal......why not just go in when the current candle closes under the open of a previous one.....thats easier to write an automated expert dor the lazy people lol
@wasntme Hi,

Welcome and thanks for your post. Can you kindly illustrate what you are trying to explain? I'm having a hard time trying to imagine your notion.

Thanks

ATB
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  • #123
  • Feb 3, 2019 12:54pm Feb 3, 2019 12:54pm
Quoting Juan007
Thanks FXcyborg USCAD M15 it good to buy? {image}
@Juan007 Hi,

Thanks for your submission... you're almost there.

Can you kindly take another look at my previous replies above this to @okshop and maybe visit the first post?

Thanks

ATB
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  • #124
  • Feb 3, 2019 12:55pm Feb 3, 2019 12:55pm
Quoting northwind
Hi FXCyborg, Sub'd and looking forward to learn & earn. Thanks.
@northwind Hi,

Welcome to the thread

Please submit your screenshots so I'm able to help you more

Thanks

ATB
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  • #125
  • Feb 3, 2019 12:55pm Feb 3, 2019 12:55pm
It would be interesting to made a Dashboard who monitor all TF of all pairs that alerts you when this situation occur..
  • #126
  • Feb 3, 2019 12:58pm Feb 3, 2019 12:58pm
Quoting FXCyborg
Here is the setup... however, Bull bar #2 is not of the same or near body size as Bull Bar #1 You have to remember, the area you drew in on the far right has no bearish engulfing pattern formed and the two recent Bull bars are not of same or near body sizes. I hope this image below helps? P.S Having saying all that, the pin bar next to the setup was triggered ATB {image}
Why not just short on the close of the red candle after the close below the open of the previous green candle?.....i use volume to confirm
buy the rumor,sell the news
  • #127
  • Feb 3, 2019 12:59pm Feb 3, 2019 12:59pm
Quoting broketrader
Hi FXCyborg, thanks for your thread and your sharing ! I'm subscribed and will see when and how I can add this to my trading... I think that this was a correct setup on USDCAD H1 some days ago, do you confirm ? It's just still not clear to me how would have you put the TP and SL, if you can give any direction on this one, I would appreciate. Thanks. {image}
@broketrader Hi,

Thanks for your submission.

OK...this one is a rare instance. Kindly notice the bear engulfing. When I see the 3rd bar that doesn't significantly engulf is neighboring bar to its left. I will move to a lower compression (TF), in this case, the 30 M and see if the setup is visible there and if so, and should there be a significant drop created by the 3rd bar in our setup, then yes, I will take the position on. If not, I will move lower to the 15 M and so on.

I trust this helps?

ATB
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  • #128
  • Feb 3, 2019 1:01pm Feb 3, 2019 1:01pm
Quoting wasntme
{quote} Why not just short on the close of the red candle after the close below the open of the previous green candle?.....i use volume to confirm
Hi again,

I'm sorry, what red bar? The bars are Green and Black.

ATB
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  • #129
  • Feb 3, 2019 1:10pm Feb 3, 2019 1:10pm
Quoting MrGreen95
It would be interesting to made a Dashboard who monitor all TF of all pairs that alerts you when this situation occur..
@MrGreen95

Hello Sir, thanks for your suggestion. Not a bad idea. However, the more charts you have open and more algo sets running in the background has a tendency to slow ones PC down of much needed resources.

I would suggest to run a search on this forum a for a trendline alert indicator - Once you find the setup in question, add a H-trendline and mark it / label it "sell" or "buy" and as price reaches that trigger level, you will be alerted.

I have a similar one, but my script hides my order from the Brokers and auto trail steps the PIPS after XYZ PIPS have been made and moves my SL further into Profit. However I only tend to do these on H4 time frames, but to be honest, i spent a s**t load of money during Xmas and the new year of 2K19 - I'm whacking out as many trades as I can off lower compressions instead

ATB & welcome to the thread - I hope to see some screenshot submissions?

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  • #130
  • Feb 3, 2019 1:12pm Feb 3, 2019 1:12pm
Well Ladies & Gents, it's that time.

Look after each other and thanks for making this thread one of the most viewed threads on FF.

Amazing

Well done to everyone who has made their submissions so far.. I trust you're all back testing this before the Market opens?

ATB & I'll see you when I wake
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  • #131
  • Feb 3, 2019 1:17pm Feb 3, 2019 1:17pm
Hello FXCyborg, just subscribed to your thread , hope to learn your trading method, thanks,
  • #132
  • Feb 3, 2019 1:24pm Feb 3, 2019 1:24pm
Hi FXCyborg,
many thanks for the thread, its really interesting and I hope to be able to follow and learn. can you please take a look at the set up and let me know if it is correct?

regards,
Peter
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Just trying to put a kiss on the cheek of success
  • #133
  • Feb 3, 2019 1:27pm Feb 3, 2019 1:27pm
Eur Cad H1 charts buy trade, the bull bar no 3 does not engulf completely the bear bar no 2, so i guess its not a perfect set up. Kindly advice FXCyborg, thanks.
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  • #134
  • Feb 3, 2019 1:33pm Feb 3, 2019 1:33pm
Quoting FXCyborg
{quote} @MrGreen95 Hello Sir, thanks for your suggestion. Not a bad idea. However, the more charts you have open and more algo sets running in the background has a tendency to slow ones PC down of much needed resources. I would suggest to run a search on this forum a for a trendline alert indicator - Once you find the setup in question, add a H-trendline and mark it / label it "sell" or "buy" and as price reaches that trigger level, you will be alerted. I have a similar one, but my script hides my order from the Brokers and auto trail steps...
Oanda mobile (cellphone) platform now has that feature. U can set trendline or horizontal or vertical line, and just tap on the line to create alert when price touches.
  • #135
  • Feb 3, 2019 2:13pm Feb 3, 2019 2:13pm
Hey mate, much appreciation for sharing your trading approach. I see you mention FTR as well, which is a setup I only recently came across...as well as FTB. Would the chart below have been considered a valid setup based on your rules...even though price retraced shortly below the entry level?
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Simplicity Is The Ultimate Sophistication!
  • #136
  • Feb 3, 2019 2:34pm Feb 3, 2019 2:34pm
Setups that were legit, gbpnzd is a new setup.
All weekly tf
As you can see some of the trades did not trigger by few pips, but the rest worked like a charm.
Gbpnzd is still fresh.
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  • #137
  • Feb 3, 2019 2:48pm Feb 3, 2019 2:48pm
Quoting LDFX
{quote} Both your entries are wrong, it is not a 3 candle set up and no engulfing.
I did not mention engulfing. Trading is not just based on engulfing candles. They are right entries to the point, good stop loss and good take profit. Just watch and learn and one day you will understand.
  • #138
  • Feb 3, 2019 2:50pm Feb 3, 2019 2:50pm
Quoting LDFX
{quote} Lol, I do not know where you saw huge drawdown, you blame me for my TE while you do not have any, that is lame. I do not have time for you, good luck. Oh and great the screenshot from I do not know where showing a few days, good for you that after 30 years you trade engulfing that by the way you only show wrong examples Good luck !
Demo trader either watch and learn or leave this forum and never come back. Problem is solved right there.
  • #139
  • Feb 3, 2019 2:51pm Feb 3, 2019 2:51pm
Quoting FXCyborg
{quote} Thanks JayRally, It's very nice of you to come out and say so. It's very much appreciated. It's quite obvious he still needs help, or he would not be popping back to this thread every other minute or so Either way, as much as I detest Trolls, I wish him the best anyway. ATB P.S I will not be doing any Videos , I'm sorry. P.P.S I want to say a BIG thanks to ALL the many PM's I've just received showing their appreciation.. Thanks - it's nice of you. P.P.P.S...
The Galleries are full of critics. They play no ball, they fight no fights. They make no mistakes because they attempt nothing.
enough follower here encouraging you to keep doing. Will track you carefully and update you with screenshots for sure.

Many thanks
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #140
  • Edited 5:15pm Feb 3, 2019 2:54pm | Edited 5:15pm
great thread to the op

question... On your first post with the 5 min chart EU. you show a setup that comes back to the level some time later.... how long Is a valid return to level good for? Please see the chart that I have posted....... I am showing a valid set up just before the one you are showing..... and the set up that you are showing is the return trigger for the set up that I am showing on my chart...... is the one I show on the chart valid? Just wanting to understand how long you use a return to level as a valid trigger..... Hope this made some sense..... LOL

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edit--- I found my answer ... after seeing the other 5 min EU charts has answered my question ... but will leave this up in case you have something to add.

Regards
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