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High Level Accuracy Method With Little To NO Draw-down

  • #301
  • Feb 4, 2019 2:37pm Feb 4, 2019 2:37pm
It’s not perfect setup...
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  • #302
  • Feb 4, 2019 2:41pm Feb 4, 2019 2:41pm
Quoting pet3250
Took this earlier and its working out so far {image}
Third bar doesn't engluf the second, or even close below which makes the setup invalid. Plus you didn't wait for price to retrace back to the entry zone.
  • #303
  • Feb 4, 2019 3:21pm Feb 4, 2019 3:21pm
[quote = YoungET; 11962721] {quote} 1. Sie haben beide horizontalen Linien an der falschen Stelle platziert. Es sollte sich beim Schließen / Öffnen der ersten beiden Kerzen und am höchsten der drei Kerzen befinden. 2. Sie warten darauf, dass der Preis die nächstgelegene Linie erneut anzeigt. Sie haben lediglich das Schließmuster eingegeben. 3. Sie setzen die Anzahl der SL X-Pips OBEN / UNTEN über die am weitesten entfernte Linie, je nach dem Zeitrahmen, in dem sich das Setup befindet. Angst, Sie haben das Setup noch nicht fertig [/ quote]

I do not understand to 1. I have searched for a starting zone see left box and according to the rules set the lines to 2. wait until the price tests the zone again, in the M5 has emerged in this region again such a 3-he to 3. StoppLos corresponds to my RMM
  • #304
  • Feb 4, 2019 3:50pm Feb 4, 2019 3:50pm
Quoting MadTraderG
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.
Yes please :-)
  • #305
  • Feb 4, 2019 3:51pm Feb 4, 2019 3:51pm
Quoting FXCyborg
{quote} @dragos_ That's good, well done, one thing though, its a High not a Low ATB
This is gold. Thank you for that enlightening post.
  • #306
  • Feb 4, 2019 3:58pm Feb 4, 2019 3:58pm
Quoting Tomasz84
It’s not perfect setup... {image}
I can't see any accumulation area there... The bearish engulfing pattern looks valid to me. Maybe post a bigger picture next time and ditch the smartphone
  • #307
  • Feb 4, 2019 4:08pm Feb 4, 2019 4:08pm
For ENTRY: I think it's between the Close of the 1st Bear Bar and The Open of the 2nd Bear Bar. I would prefer to enter there, unless otherwise stated. I would be willing to enter on a retracement to that region (Blue Rectangle). Some trends can be really strong and we don't get the retracement, so we skip it and look for opportunities like this in other pairs.

Just my 2cents
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  • #308
  • Feb 4, 2019 4:08pm Feb 4, 2019 4:08pm
I'm waiting for this trade to trigger

good luck all.
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  • #309
  • Feb 4, 2019 4:11pm Feb 4, 2019 4:11pm
Quoting Siame
{quote} Thanks for the headsup. I will take this setup. Looks just right. {image}
There's also no accumulation area at the time of the setup. Its a bearish engulfing in the middle of nowhere.
  • #310
  • Feb 4, 2019 4:14pm Feb 4, 2019 4:14pm
Quoting hibra68
I'm waiting for this trade to trigger good luck all. {image}
Where exactly is your order placed on that one? On your chart, price already re-visited the entry zone to sell so why its not triggered yet?
  • #311
  • Feb 4, 2019 4:19pm Feb 4, 2019 4:19pm
Quoting YoungET
{quote} Third bar doesn't engluf the second, or even close below which makes the setup invalid. Plus you didn't wait for price to retrace back to the entry zone.
Hi YoungET,

I think that I have this one right?
regards,
Peter
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Just trying to put a kiss on the cheek of success
  • #312
  • Feb 4, 2019 4:21pm Feb 4, 2019 4:21pm
Quoting pet3250
{quote} Hi YoungET, I think that I have this one right? regards, Peter {image}
Looks correct to me.
  • #313
  • Feb 4, 2019 4:21pm Feb 4, 2019 4:21pm
Quoting Siame
For ENTRY: I think it's between the Close of the 1st Bear Bar and The Open of the 2nd Bear Bar. I would prefer to enter there, unless otherwise stated. I would be willing to enter on a retracement to that region (Blue Rectangle). Some trends can be really strong and we don't get the retracement, so we skip it and look for opportunities like this in other pairs. Just my 2cents {image}
Would say these two bear candles engulfed are very small in size.
  • #314
  • Feb 4, 2019 4:27pm Feb 4, 2019 4:27pm
Quoting pet3250
{quote} Hi YoungET, I think that I have this one right? regards, Peter {image}
If i am allowed to ask. What motivated you to think that this setup formed within a accumulation period?
  • #315
  • Feb 4, 2019 4:29pm Feb 4, 2019 4:29pm
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}
Nicely said , its simple effective and profitable. keep up the good work,
THANK YOU
  • #316
  • Feb 4, 2019 4:43pm Feb 4, 2019 4:43pm
Quoting YoungET
{quote} Looks correct to me.
thanks for your help
Just trying to put a kiss on the cheek of success
  • #317
  • Feb 4, 2019 4:48pm Feb 4, 2019 4:48pm
Quoting lddd
{quote} If i am allowed to ask. What motivated you to think that this setup formed within a accumulation period?
if you zoom out to a 1 hr chart, its in the same zone as previously
Just trying to put a kiss on the cheek of success
  • #318
  • Feb 4, 2019 4:51pm Feb 4, 2019 4:51pm
Quoting FXCyborg
{quote} @digiff Hi Thank you for your post. re: the first image, you will notice my other image has this position already noted re: 2nd image, yes you are correct, however I used a RBS as my TP. However, see the wicks just below the entry, when navigating to the 1 Min TF, this will be our Str-Low. re: 3rd image, yes, if you want to be laser focused and drill down to the Lower TF, you may of caught this. Many here would not have and I simply wanted to create an illustration that shows these areas quite easily to be identified by those...
To elaborate on digiff's point (and something that has stuck me while reading as well), you mention the importance of freshness, and that a visit to an area weakens said area, because the unfilled orders are getting filled (this is how i was taught as well). So on some posts, you say a level isnt valid any longer, because the area has been tested/unfilled orders have been filled, but in other images, like image one of the quoted post, you show a second entry of an already tested entry. Indeed, in other images you posted, you seem to advocate entering the same set-up with multiple entries on subsequent touches, showing a payout at the TP multiplied by 4, representing increasing risk on each subsequent touch. Could you please explain why sometimes you advise to invalidate a level after its been tested, while others you suggest not only not only that the level is valid, but that you should double, triple, even quadruple risk by re-entering on subsequent touches?

Great thread, not trying to be a "P.I.T.A," as you say, just want to make sure i'm fully grasping the methodology before i attempt to execute. Thanks!
  • #319
  • Feb 4, 2019 5:18pm Feb 4, 2019 5:18pm
Quoting pet3250
{quote} if you zoom out to a 1 hr chart, its in the same zone as previously
Sorry but can't see what you mean. To me accumulation refers to a period of up & down ranging behavior of price (sideways market) for at least some time (some series of candle swings, not just one or two candles) On you chart the left side is totally empty space with no past price action unless 1 H4 Candle (the one with the upper wick before your setup formation). No different if switching to H1 of the chart of zooming out on the H4 chart.

Maybe the following picture makes it more clear of what i mean with accumulation. Would be also interested in hearing the author about that once again, it seems to be very "hypothetical" what or what not is a valid accumulation area. I tried to google that but it never says how much bars/candles for a chart needs to move sideways that you want to trade. Is there any clear answer to this or can it be anything and everything depending on what the trader wants or wants not to see (so all relative..)

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  • #320
  • Feb 4, 2019 5:42pm Feb 4, 2019 5:42pm
Quoting lddd
{quote} Sorry but can't see what you mean. To me accumulation refers to a period of up & down ranging behavior of price (sideways market) for at least some time (some series of candle swings, not just one or two candles) On you chart the left side is totally empty space with no past price action unless 1 H4 Candle (the one with the upper wick before your setup formation). No different if switching to H1 of the chart of zooming out on the H4 chart. Maybe the following picture makes it more clear of what i mean with accumulation. Would be also interested...

I think that depends on what timeframe you are viewing. That's a h4...5mins is showing an area where price has accumulated orders. It looks like a valid setup to me.
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