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High Level Accuracy Method With Little To NO Draw-down

  • #281
  • Feb 4, 2019 11:56am Feb 4, 2019 11:56am
I also took this trade
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  • #282
  • Feb 4, 2019 12:01pm Feb 4, 2019 12:01pm
Quoting John3001
I also took this trade {image}

That is picture perfect!!!
  • #283
  • Feb 4, 2019 12:08pm Feb 4, 2019 12:08pm
[quote = digiff; 11962162] {quote} Sie zeigen das SELL / SHORT-Setup .... was richtig ist. Gehen Sie nach unten zum BUY / LONG-Setup und Sie werden sehen, was ich meine. [/ Quote]
OK. I understand Bear
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  • #284
  • Feb 4, 2019 12:13pm Feb 4, 2019 12:13pm
Is this accurate?
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Always Be +ive
  • #285
  • Edited 5:04pm Feb 4, 2019 12:20pm | Edited 5:04pm
Quoting FXCyborg
Hello everyone, I trust you're all keeping well The Markets have sure been acting somewhat out of fashion... nonetheless I was able to secure a little over 10% today... I'm going to take a break and I will get back to the posts that I have not attended to yet. ATB {image}
Hi interesting thread. Thanks. If possible could you share the profit calculator pictured in this post. Thanks, Dave.

Attached Image
  • #286
  • Feb 4, 2019 12:42pm Feb 4, 2019 12:42pm
Quoting FXCyborg
If the setup fails, it fails. Simple! I could sit here, again, all day long and explain, but that does not matter and nor will it help you trade any better. Just find another setup. There's many pairs to choose from. Focus on those and perfecting your entries - and that's what I';m here for, to help you perfect them - that's it really
Do you think there is so much to discuss about the technically entry/exit criteria? Learning to identify such candle stick formations and drawing in two horizontal lines should be pretty much self-explanatory. As i am said i am still a novice. I also don´t want to be a "know-it-all" ass here. Don´t get me wrong. BUT...

If you mention 100%+ weeks right away in your introduction post you should also put a disclaimer there, that such results are not coming from trading every bullish or bearish engulfing bar setup. So basically it means nothing... Otherwise you could put a 1 million dollars on what ever account and next week you would have doubled it with zero stress.

So in my understanding you have two options here to achieve long-term consistent results following such approach soley based on trading pure price action on naked charts.

Option A ) You need to have a huge risk reward ON AVERAGE with such strategy. So if you trade every setup you might spot on a chart you can say even with only 3 out of 10 winners you end up positive in sum. So you can say "just find another setup.." without providing further explanations.

Option B) You cherry pick only the creme de la creme of setups to achieve a high percentage winning rate (risk reward less important here). So you end up positive in sum after thousands of trades because you only lost a few trades compared to those ended well. This would require a way to filter/skipping over a lot of setups for a reason, a reason you can then see and repeat on a daily base.

As you said you don´t want to have new visitors trolling your topic maybe think about getting rid of such phrases. Otherwise i think this will drive a lot of troll attention and all kind of newbie questions expecting similar results by thinking all they would need to do is place an order every time they see such setup.
  • #287
  • Feb 4, 2019 12:58pm Feb 4, 2019 12:58pm
Took this earlier and its working out so far
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Just trying to put a kiss on the cheek of success
  • #288
  • Feb 4, 2019 1:01pm Feb 4, 2019 1:01pm
Quoting lddd
{quote} Do you think there is so much to discuss about the technically entry/exit criteria? Learning to identify such candle stick formations and drawing in two horizontal lines should be pretty much self-explanatory. As i am said i am still a novice. I also don´t want to be a "know-it-all" ass here. Don´t get me wrong. BUT... If you mention 100%+ weeks right away in your introduction post you should also put a disclaimer there, that such results are not coming from trading every bullish or bearish engulfing bar setup. So basically it means nothing......
Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

This is the first thing you see in forex when you start to educate yourself about forex trading. If new traders didn't, I will advice them to read this over and over again. Otherwise they should not even start learning about forex if they don't understand the disclaimer. No one needs to put it on their first page that you need to buy/sell set ups as soon as you see it. That's it. They should understand that once they start learning to trade forex. Everything is there they just have to search it and read it and understand it. If they strictly follow someone on FF threads here than i would say they have a big problem and they do not need to be trading.
  • #289
  • Feb 4, 2019 1:01pm Feb 4, 2019 1:01pm
Thanks for sharing your method.

Those kind of setups are very nice because of the risk reward ratio you can go for.
I dont think this can be winning when you do a 1:1 ratio, so basically there will be losing trades with this setup everytime.
Its even possible, that you lose quite a lot trading this method, but in the end its a numbers game.

I would really like to see some trade explorer from an account only trading this method because it would really help and put it all in perspective a little bit.

The 100%+ weeks phrase might be a little to much for one or another here

Best wishes!
  • #290
  • Feb 4, 2019 1:02pm Feb 4, 2019 1:02pm
took this as well.
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Just trying to put a kiss on the cheek of success
  • #291
  • Feb 4, 2019 1:15pm Feb 4, 2019 1:15pm
Just sharing, I have to say again I love the trigger method which I incorporate into my system.
The trigger info have been given. Incorporate it into your own system and make it you OWN.
U can make it as a zone. U can make it picture perfect or whatever you feel fit. But most importantly U are the 1 who is going to pull the trigger and managed yr. own acc. (GL traders)
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Self discipline It is a practice
  • #292
  • Feb 4, 2019 1:20pm Feb 4, 2019 1:20pm
Hi FXCyborg, Thanks for all the great work. Is this the right set up for shorting GJ on H1?
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  • #293
  • Feb 4, 2019 1:28pm Feb 4, 2019 1:28pm
Quoting Techanalyst
{quote} Risk Disclaimer for Forex Trading Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money...
Thanks I know about the risks involved in trading, that was not my question but thanks for your kind feedback.
  • #294
  • Feb 4, 2019 1:49pm Feb 4, 2019 1:49pm
Quoting russian30
EURCHF 1HR trade setup from earlier is playing out nicely! {image} Thanks for sharing your philosophy and insights here FXCyborg
hey - what is your entry candle?

Thanks in Advance.
  • #295
  • Feb 4, 2019 2:08pm Feb 4, 2019 2:08pm
Quoting HanifBukhari
Is this accurate? {image}
Thanks for the headsup. I will take this setup. Looks just right.
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  • #296
  • Feb 4, 2019 2:13pm Feb 4, 2019 2:13pm
Hi FXCyborg,

I was wondering if you could edit your photos to mark your Entry point to be clear on which candle/s you enter trades.

Thanks.
  • #297
  • Feb 4, 2019 2:27pm Feb 4, 2019 2:27pm
Quoting HanifBukhari
Is this accurate? {image}
That is a good entry it came back up to the previous high. Now if it goes your way good if not than you put stop loss and risk only 1% of the account balance. Just an advice. you do what you are comfortable with.
  • #298
  • Feb 4, 2019 2:33pm Feb 4, 2019 2:33pm
Quoting northwind
First attempt, EURUSD 30M {image}
Not a valid setup.
  • #299
  • Feb 4, 2019 2:34pm Feb 4, 2019 2:34pm
Quoting FXCyborg
Greetings Ladies & Gents, I've been trading for almost 30 years. I'm going to show you some stuff that's going to blow your mind away... but first... Let's get some stuff about me out of the way... It's been a fun, and a scary journey Trading Currencies. Google never existed 30 years ago. I had the pleasure to use AOL and Yahoo! Search engine, all from a 56Kbps modem. So you could imagine finding resources to learn from was scarce (minimal) at its best. All I had to learn from was OLD Stock Trading images and reverse engineer the Technical Analysis...
Thank You so much FX Cyborg. You are among the select few in FF who are generous enough to share to the community what must have taken countless hours to learn...

I read all the posts, still trying to wrap my head around the concept:

In the example, i have attached: USDCAD has been in a downtrend for considerable time, but currently moving upwards which could either be considered as:

a. Pullback
or
b. Potential Change in the Trend.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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There are potential trades for both Buy as well as Sell.

You mentioned the following:

"Know your trend bias - is the trend going up, or down? If it's going down, we're looking for sells and vice versa - IDEALLY!!!"

In the thread, there are examples of Sell Trades in a Strong Uptrend and Vice Versa

What would you you recommend: Should one use this methodology to look for reversals or should one use for continuation?

Thanks
  • #300
  • Feb 4, 2019 2:36pm Feb 4, 2019 2:36pm
Quoting John3001
Hallo, GBP/YEN H1 I ask for your opinion, was the entrance to the rules o.k.? {image}
1. You placed both horizontal lines in the incorrect place. It should be on the close/open of the first two candles and on the highest of the three candles.
2. You wait for the price to revisit the nearest line, you entered simply on the closing of the engulfing pattern.
3. You place the SL X amount of pips ABOVE/BELOW the furthest line based on the time frame the setup is on.

Afraid you haven't got the setup down just yet
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