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High Level Accuracy Method With Little To NO Draw-down

  • #441
  • Feb 5, 2019 9:16am Feb 5, 2019 9:16am
Hi FXCyborg,

In the trading rules you posted, one of the rules says:

"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:"

I noticed that on many of the of the charts you post showing the 3 bar trade entries, the Bear's body does not engulf the 2nd Bull Bars Body.

Could you please offer some explanation for this? I just would like to fully understand the correct way to read that 3rd bar in order to know what is truly a valid set up.

Thanks.
Always a Student, Never a Master - Emulate What Works
  • #442
  • Edited 11:05am Feb 5, 2019 9:24am | Edited 11:05am
Hey @FXCyborg!

Thanks so much for your selfless contributions here. I just registered now to actively participate and learn a thing or two from you!

I backtested your strategy on various timeframes (mostly M15) and was very surprised to see such a high success rate with potentially higher R:R ratio. Even if they have a very low winning rate, with proper risk management this is still a winner!

Please take a look at my first attempt and tell me if it's a valid setup and where I can improve upon.

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Thanks so much FXCyborg and the rest who helps out here! Cheers mate
  • #443
  • Feb 5, 2019 9:28am Feb 5, 2019 9:28am
interesting thread, thanks for sharing.

my first try to identify the correct set up, the second up candle is rather small but looks healthy.
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  • #444
  • Feb 5, 2019 9:34am Feb 5, 2019 9:34am
Missed entry buy 10 pips.
Maybe when it comes back,
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  • #445
  • Feb 5, 2019 9:47am Feb 5, 2019 9:47am
Nice!

Let's see if we get a setup at the bottom to ride price back up to the the new setup at the top.

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  • #446
  • Edited 11:30am Feb 5, 2019 9:52am | Edited 11:30am
Hi FXC- For the last few days I have spent a lot of time cking out the levels that you have shown with many currency pairs.

The described levels work very well and if you dissect the levels and pay attention to the very GOOD set ups .... I am amazed at how price will turn at those points.... I am working from low compression to high compression TF ... I am now incorporating this set up with my own method of trading and it complements it very well..... these levels seem to blow doors on S and R traditional points of concern.

For those still questioning the set up ..... I would ask you please, to read from the beginning and then reread then spend some actual chart time and you should begin to see how it comes together.... its worth the time and effort. I did not change the way I trade .... I just pay attention to these levels now and it has proven to me that I can count on the level with high degree of confidence..... this has given me the ability to have a lower SL and I am always looking for the least risk to profit ratio. I am always looking to improve this risk ratio and its not often that I find something that actually has a high probability of working out.....

edit-- combine this with the DOM and it complements this very well.

FXC - Hoping you will not get frustrated with all the questions..... for I am looking forward to see more of what you would like to share with FF from your experience ... Regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #447
  • Edited 10:57am Feb 5, 2019 10:01am | Edited 10:57am
Quoting rolandW
{quote} 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...
Thank you very much for sharing your input rolandW!

I understood that 'B' was more ideal than 'A' and also at more 'extreme end' than 'A'. My only concern was that 'B' has been triggered/revisited previously and I remembered FXCyborg saying that it would render that setup invalid already.
Probably as you said, I should have waited patiently for setup 'C'.

Lets see what FXCyborg has to say
  • #448
  • Feb 5, 2019 10:04am Feb 5, 2019 10:04am
Quoting FXCyborg
{quote} @Techanalyst Hi But that's not how I asked people to draw the setups... kindly stay on track Sir, or it will confuse others who are trying to learn.. Thanks so much ATB
Do you want to specifically share engulfing bullish/bearish candle set ups? Is that what you want to share in your thread? Thanks.
  • #449
  • Edited 12:25pm Feb 5, 2019 10:08am | Edited 12:25pm
Sorry but I would like to share another trade for a comment by FXCyborg.

Just wondering if it was taken wrongly as stop loss was hit. Was it because of the candle sizes or non- accumulation zone reason?
Sorry but trying to learn my mistakes. Thank you very much
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  • #450
  • Feb 5, 2019 10:13am Feb 5, 2019 10:13am
Quoting FXCyborg
{quote} @bobshah HI, Nice setup... 66.5 pips TP banked / secured on 1st setup of a BUY... Here's the 2nd setup, with more in-depth info... P.S Please do not use red on a black background, the prices are hard to see, best to use Yellow T-lines so prices are visible. Thanks. I hope this illustration helps - 2nd setup for sell for 108.8 pips TP - banked / secured. ATB {image}

Would it have been appropriate to take a BUY position at 1.57380 on the bounce here with a Take Profit at the Structural High...seeing the setup is almost similar?
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  • #451
  • Feb 5, 2019 10:16am Feb 5, 2019 10:16am
cadchf m1
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  • #452
  • Feb 5, 2019 10:47am Feb 5, 2019 10:47am
hello, FX Cyborg
I follow this, had to wait a long time until I could implement that, do you mean such processes
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  • #453
  • Feb 5, 2019 11:01am Feb 5, 2019 11:01am
Quoting steven21
cadchf m1 {image}
The first 2 bull candles should be of same/similar sizes. In your case, the first candle is so much bigger than the second one.
  • #454
  • Feb 5, 2019 11:12am Feb 5, 2019 11:12am
Quoting garados
Sorry but I would like to share another trade for a comment by FXCyborg. Just wondering if it was taken wrongly as stop loss was hit. Was it because of the candle sizes? Sorry but trying to learn my mistakes. Thank you very much {image}
I would love to get an opinion on this as well. As a general rule, OP mentioned to trade with the trend. In your case, you should have looked for SELL setup instead, based on the overall trend. However, there are some trades that were shown that go against the trend, at least in the short term. I am not sure when you can take the trades that go against the trend vs the one with the trend. I would just stick with the trend for now, until further confirmation from FXCyborg on this matter.
  • #455
  • Feb 5, 2019 11:21am Feb 5, 2019 11:21am
Waiting for a retest on EU. I wouldn't keep the trade open for more than 3 hours though, trump is speaking soon.
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XM1 All Time Return: 155.6%
  • #456
  • Feb 5, 2019 11:24am Feb 5, 2019 11:24am
Quoting FXCyborg
{quote} @Techanalyst Hi But that's not how I asked people to draw the setups... kindly stay on track Sir, or it will confuse others who are trying to learn.. Thanks so much ATB
Something like this chart...
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  • #457
  • Feb 5, 2019 11:26am Feb 5, 2019 11:26am
Another attempt for cadchf 3m
Like to ask @FXCyborg for the reason why the first 2 bodies should ideally be almost the same sizes. Thanks.
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  • #458
  • Edited 12:01pm Feb 5, 2019 11:32am | Edited 12:01pm
Quoting garados
Sorry but I would like to share another trade for a comment by FXCyborg. Just wondering if it was taken wrongly as stop loss was hit. Was it because of the candle sizes? Sorry but trying to learn my mistakes. Thank you very much {image}
It has been written many times already. You should trade mainly with a trend. And the chart clearly shows a downtrend, so you should look for opportunities to short the pair in this situation. Of course, sometimes it works out on contrary, but it seems to have lower success rate, but anyway it is not the strategy that FXCyborg has provided.

I am trying to keep up with these posts, but 80% of them shouldn't be even written, because they are not following the strategy. And the worst thing is that some of these false trades works out, which is pure luck...

People, please reread the main post until you get it, even if it takes 100 times.
An investment in knowledge pays the best interest.
  • #459
  • Feb 5, 2019 11:48am Feb 5, 2019 11:48am
Can someone point out my mistakes if any?

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  • #460
  • Feb 5, 2019 12:06pm Feb 5, 2019 12:06pm
Quoting russian30
GBPJPY maybe setting up on the 15 min {image} I also took a sell on the 1 min {image}
_______TP1 @141.777 , SL man.
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