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High Level Accuracy Method With Little To NO Draw-down

  • #361
  • Feb 5, 2019 3:12am Feb 5, 2019 3:12am
Quoting FXCyborg
Here is a AUDUSD H1 Imbalance RBS Flip Zone (This was going to be the 2nd method before I ran out of time to write the info down) {image}
Hello everyone, Lot's more posts I see I need to get to... Bear with me, I'm going through my rounds first, but while I'm here, click on my username in the quoted post, you'll see this image: BEFORE

https://www.forexfactory.com/attachm...3&d=1549192978

AFTER: 3.1 pip draw down - 68.3 pip move up. Nice R:R there
Attached Image (click to enlarge)
Click to Enlarge Name: 13a-audusd-1h-imbalance-buy-opp-result.PNG Size: 101 KB
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  • #363
  • Edited 6:59am Feb 5, 2019 3:26am | Edited 6:59am
Sorry for more questions FXcyborg but i encountered some issues which I wanted to ask.

Based on my attached chart, I took a sell trade based on the setup of 'A'..That did not work well and got stopped out.
Subsequently I took another trade based on the setup 'B'.
So my question is , was setup 'A' not the ideal setup? Maybe the candles are not of appropriate size?
And for setup 'B', it has actually been retouched before. Does it matter?

Which brings me to setup 'C'. The candle size of the bullish candles were not ideal. But should I have taken a sell trade based on setup 'C' instead of 'B'?

I am so sorry for the confusing newbish questions.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_8.png Size: 64 KB
  • #364
  • Feb 5, 2019 3:27am Feb 5, 2019 3:27am
Quoting digiff
Hi FC, Just wanted to point out an obvious typo in your intro. It is under the section - BUY / LONG Pending Orders and or Instant Market Orders Where it says "....Place your box or horizontal trend line on the CLOSE of the 1st BULL bar and the OPEN of the 2nd BULL bar"... Many of us know you meant BEAR instead of BULL here, but for newbies, they might not get it.
Oh, wow, sorry about that everyone

Thank you digiff for pointing that out - I've edited the post now and added some more info in there.

Later in the day I'm going to create a "Point of Interest Wiki"/ F.A.Q - I'll edit the post to reflect these highlights.

Thanks again,

ATB
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  • #365
  • Feb 5, 2019 3:38am Feb 5, 2019 3:38am
Quoting garados
Sorry for more questions cyborg but i encountered some issues which I wanted to ask. Based on my attached chart, I took a sell trade based on the setup of 'A'..That did not work well and got stopped out. Subsequently I took another trade based on the setup 'B'. So my question is , was setup 'A' not the ideal setup? Maybe the candles are not of appropriate size? And for setup 'B', it has actually been retouched before. Does it matter? Which brings me to setup 'C'. The candle size of the bullish candles were not ideal. But should I have taken a sell...
I find these questions excellent and within the frame work of learning .... thanks
  • #366
  • Feb 5, 2019 3:42am Feb 5, 2019 3:42am
I just took this trade, keen to get your feedback

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 200 KB


1:3 RR
  • #367
  • Feb 5, 2019 3:46am Feb 5, 2019 3:46am
NZDUSD, initially from H1 then drill down to M15 to fine-tune the entry setup
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.png Size: 32 KB
  • #368
  • Feb 5, 2019 3:48am Feb 5, 2019 3:48am
Hmm.. Which direction should I take? There are two setups back to back, one bullish engulfing and the other bearish
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 81 KB
  • #369
  • Feb 5, 2019 3:49am Feb 5, 2019 3:49am
Quoting pipcruiser
Hi I played with this indicator, you can try and see if helps identifying some set-ups. It has a trend filter and a few other settings I made, same size etc. If some coder wish to optimize it, PM me pls. It has alerts also. Cheers PC PS: Its coded to force 3. candle to engulf either the H/L of candle 2. before giving a signal....for shorts the high, for longs the low (might not be the optimal way). {image} {file}
How are you going with it?
  • #370
  • Feb 5, 2019 3:52am Feb 5, 2019 3:52am
Quoting AkronD
I just took this trade, keen to get your feedback {image} 1:3 RR
I would have gone for this trade as price left the area fast and created a "supply zone" while leaving it. the idea is when the price comes back, there are orders waiting there to be filled cause the price to drop again. That's how i see it.

Not only that but the GBPUSD bias for the last 7 or 8 days is also down.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1_markup.png Size: 189 KB
  • #371
  • Feb 5, 2019 3:54am Feb 5, 2019 3:54am
Quoting FXCyborg
{quote} Hello everyone, Lot's more posts I see I need to get to... Bear with me, I'm going through my rounds first, but while I'm here, click on my username in the quoted post, you'll see this image: BEFORE {image} AFTER: 3.1 pip draw down - 68.3 pip move up. Nice R:R there {image}
Great thread! One question. I canīt seem to find the 3 bar setup on this following the drawn lines. Could somebody mark it, maybe?! Thanks.
  • #372
  • Feb 5, 2019 3:55am Feb 5, 2019 3:55am
Quoting CrocodileRex
{quote} i think most of you don't understand that price needs to move away from the setup zone first. Maybe the thread starter didnt mention it clear. I think he did put in a few examples of price that worked even if it did not move away from the zone. Or maybe he himself also got confused. But from what i understand (from other threads/systems/theories), price needs to move far away from the zone first. The stronger it is, the better it is. The easiest way to identify this is that price needs to close at least 2 bars away from the zone. With no...
Forex is not a game. Look further left on the chart and see what price did.
  • #373
  • Feb 5, 2019 3:57am Feb 5, 2019 3:57am
Quoting russian30
{quote} I would have gone for this trade as price left the area fast and created a "supply zone" while leaving it. the idea is when the price comes back, there are orders waiting there to be filled cause the price to drop again. That's how i see it. Not only that but the GBPUSD bias for the last 7 or 8 days is also down. {image}
I understand. Thanks for the feedback.
  • #374
  • Feb 5, 2019 3:58am Feb 5, 2019 3:58am
Hi FXCyborg,

Just a question about your first picture in your first post. Please see the picture I attached and I encircled in blue what looks like a 3-bar bullish engulfing as well. My question is why wasn't this a valid trade but the bearish engulfing you highlighted is. Sorry if the question is a newbie question.

I have also attached a second screenshot of my current trade for EURCAD using H4. Is this a valid trade? If yes, is my TP correct?

Thanks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture2.JPG Size: 113 KB
  • #375
  • Feb 5, 2019 4:16am Feb 5, 2019 4:16am
Quoting scalpermike
Hi FXCyborg, Just a question about your first picture in your first post. Please see the picture I attached and I encircled in blue what looks like a 3-bar bullish engulfing as well. My question is why wasn't this a valid trade but the bearish engulfing you highlighted is. Sorry if the question is a newbie question. I have also attached a second screenshot of my current trade for EURCAD using H4. Is this a valid trade? If yes, is my TP correct? Thanks {image} {image}
Scalpermike,

I have drawn a red line which shows a valid setup (red box). See how price moves away then comes back to the line. The red circle is where the buy trade should be taken. The trade should be taken as a bounce from the price point (red line) where the signal was identified. The trade should not be taken straight after the signal itself.

The blue circle you have dawn shows a valid signal but price never really moved away with any vigor or provided any "space" for price to move back too.

Also, for a trade to be taken on FXCyborgs example, price would need to come back to the blue line I drew before you could take a sell trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 240 KB


I hope that helps.
  • #376
  • Feb 5, 2019 4:27am Feb 5, 2019 4:27am
Quoting hibra68
{quote} Forex is not a game. Look further left on the chart and see what price did.
Look further left you say? Well at what point does one stop looking left?

I would like to know if we have any examples in which the OPīs setup failed! I ask being as failure is what creates questions, and questions leads to answers if you can challenge yourself.
6ix9ine - Bebe
  • #377
  • Feb 5, 2019 4:33am Feb 5, 2019 4:33am
I know the GBPUSD bias is down but im giving this a whirl...

Attached Image (click to enlarge)
Click to Enlarge Name: 1GBPUSDH1.png Size: 21 KB


  • #379
  • Feb 5, 2019 4:50am Feb 5, 2019 4:50am
Is this a valid setup?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM1.png Size: 15 KB
  • #380
  • Feb 5, 2019 5:09am Feb 5, 2019 5:09am
Quoting garados
Sorry for more questions cyborg but i encountered some issues which I wanted to ask. Based on my attached chart, I took a sell trade based on the setup of 'A'..That did not work well and got stopped out. Subsequently I took another trade based on the setup 'B'. So my question is , was setup 'A' not the ideal setup? Maybe the candles are not of appropriate size? And for setup 'B', it has actually been retouched before. Does it matter? Which brings me to setup 'C'. The candle size of the bullish candles were not ideal. But should I have taken a sell...
If trade A failed, the first thing would be why? If you have a look at the way the trade panned out, your stop was taken out before it ran down hill to profitable trade.

The set up did not fail, only the position of the SL failed (or did the right thing and protected you from a movement upward). are you happy where you put your stop? Did it fall in the right area, does it need fine tuning for the pair/timeframe?

The 'B' set up looks like a good entry - it has a return to the trigger area very quickly, and the susbequent return could be used to increase position size, as it is still very fresh.

Trade 'C' could still be regarded as an ok set up - the first bull candle is on the shorter side, but if you look at the candle before and the candle after this 'first' candle of the set up - they are of equivocable size, so this candle is just starting to show weakness.

The entry how ever shoudl be in the middle of the two bull candles - so if anything the entry was late... or early depedning on when it was opened. A pending order shoudl have been set at the close/open of the two bull bars, which is where your entry should be.

B is more of the ideal set by the OP. But i would have still taken C for the overall set up of the run up to the setup.
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