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High Level Accuracy Method With Little To NO Draw-down

  • #461
  • Feb 5, 2019 12:09pm Feb 5, 2019 12:09pm
AUDUSD M5

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  • #462
  • Feb 5, 2019 12:20pm Feb 5, 2019 12:20pm
[quote=iamsovereign;11966164] edit-- combine this with the DOM and it complements this very well.

Hi, maybe a stupid qurstion but what do you mean with DOM?

Regards
(.)(.) think first ...
  • #463
  • Feb 5, 2019 12:37pm Feb 5, 2019 12:37pm
Depth of market (DOM) is a measure of the number of open buy and sell orders for a security or currency at different prices = imho
da n0o0b + $hit_Disturber
  • #464
  • Feb 5, 2019 12:45pm Feb 5, 2019 12:45pm
Quoting FXCyborg
{quote} @MrGreen95 Hi Where does it say, "Equal To"? Kindly point me to that post... Thanks ATB

In the first post, you said: " (ideally body sizes should be almost the same size) "
  • #465
  • Feb 5, 2019 12:45pm Feb 5, 2019 12:45pm
EURUSD 5 MIN. Did you traded it?
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  • #466
  • Feb 5, 2019 12:46pm Feb 5, 2019 12:46pm
[quote=maximumguita;11966745]
Quoting iamsovereign
edit-- combine this with the DOM and it complements this very well. Hi, maybe a stupid qurstion but what do you mean with DOM? Regards
To expand on pip sys post:
depth-of-market.asp (https://www.investopedia.com/terms/d/depth-of-market.asp)
every Saint has a past. Every Sinner has a Future
  • #467
  • Feb 5, 2019 1:03pm Feb 5, 2019 1:03pm
Quoting darylboey
Can someone point out my mistakes if any? {image}
1) It is downtrend, so you should look for opportunities to short
2) Setup is wrong because 2nd bear candle is 2x larger as 1st bear candle
3) Perfect entry, which worked out is from 6:10 to 6:20 (correction in the picture)

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An investment in knowledge pays the best interest.
  • #468
  • Feb 5, 2019 1:09pm Feb 5, 2019 1:09pm
Feeling fresh after seen this thread!
martin
  • #469
  • Feb 5, 2019 1:11pm Feb 5, 2019 1:11pm
Quoting lddd
{quote} Ah i see, thanks. One more question. Do you always look for the longer term "trend/direction" before any trade? So lets say you find your setup on some M1 chart where you see a two bars bearish engulfing pattern within a sideways going market. Now you want to sell on the next revisit. Do you check any higher time period for the same chart before placing your orders, zooming out the M1 chart or similar to see the "bigger picture"?
I trail step, some times, it all depends on my mood

I'm more of a swing trader than anything - so I'm in and out, and back in and out again

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #470
  • Feb 5, 2019 1:14pm Feb 5, 2019 1:14pm
Quoting 6ix9ine
{quote} I had the very same exact question. I trade the 1m and find no need to look at a delayed chart, but maybe the OP does. I am also looking to understand what are the reasons given once a setup fails... Do we chalk it up to no system being 100% or are we missing some sort of variation, which if it programmed or accounted for would lead to a bullet proof system?
@6ix9ine Hi

Delayed chart? I'm sorry, no such thing exists. Neither does a bullet proof system...

Further more, I'm not teaching a system. I'm illustrating a Blue Print METHOD that works flawlessly (Disclaimer: based on ones own recognition and experience).. Systems fail.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #471
  • Feb 5, 2019 1:17pm Feb 5, 2019 1:17pm
Quoting Mct63
Hi FXCyborg, Thanks for all the great detail and the amount of time you have spent posting. Could I ask you for some advice. I cannot spend a lot of time in front to the PC each day but I can check it 2 to 3 times per day. Should I just stick to the majors and trade H4 and Daily. I'm not expecting anything like the return you make but just to make a profit would be a good start. Any comments greatly appreciated. Thanks
@Mct63

You're most welcome and thanks for your question. Though I prefer we stay on topic here. But just this one time

We've discussed Higher time frames, one would simply come back when the that time frame bar has been completely developed. Analyze, then wrk down a time frame to reduce the DD.

Eazy Peezy

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #472
  • Feb 5, 2019 1:19pm Feb 5, 2019 1:19pm
Quoting russian30
EURCHF 1HR trade setup from earlier is playing out nicely! {image} Thanks for sharing your philosophy and insights here FXCyborg
Very nice - well done

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #473
  • Feb 5, 2019 1:20pm Feb 5, 2019 1:20pm
Gbpnzd 30 min chart is this setup correct? Let me know what you guys think.
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  • #474
  • Feb 5, 2019 1:20pm Feb 5, 2019 1:20pm
Quoting fxwinnerz
{quote} FXCyborg, Thank you for sharing the good strategy. Very impressive results.Could you please tell us your % risk Thanks
Hi, kindly refer back to other posts. It's been answered, 3 times now I believe.

Again Ladies & Gentleman, I hate to be rude, but let's stay on topic..

Thanks

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #475
  • Feb 5, 2019 1:21pm Feb 5, 2019 1:21pm
Quoting russian30
EURCHF 1HR trade setup from earlier is playing out nicely! {image} Thanks for sharing your philosophy and insights here FXCyborg

SL hit, right?
  • #476
  • Feb 5, 2019 1:22pm Feb 5, 2019 1:22pm
Quoting RogerHicks
Hello you really to know what you are talking about, I am interested am and have not found an luck in combining basic Indictors Like a MACD and RSI w alert of my mt4 Platform trading Please advise
@RogerHicks

All indicators work... But in all honesty, Price Action Rules - There's less to think about, the brain is not going to get all confused with all those bells and whistles.. Stick to the Naked Charts and most of all, let's stay on topic!

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #477
  • Feb 5, 2019 1:26pm Feb 5, 2019 1:26pm
Quoting MrGreen95
{quote} SL hit, right?
No however, I took the most extreme structure low, not the mid-way one... having saying that, SL only gets hit if you don't protect your profits!

Also worthy to note, his SL is in the wrong place. That is supposed to be the breach line and SL goes ABOVE it!

ATB

EDIT... I took another look, even his breach line is in the wrong place.. I'm pretty sure I have stated that the breach line goes ON the HIGHEST WICK of the 3-bar formation... Not on the Str-High... Str-Highs and Str-Lows are TP levels, NOT SL levels
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #478
  • Feb 5, 2019 1:30pm Feb 5, 2019 1:30pm
Quoting FXCyborg
{quote} No however, I took the most extreme structure low, not the mid-way one... having saying that, SL only gets hit if you don't protect your profits! Also worthy to note, his SL is in the wrong place. That is supposed to be the breach line and SL goes ABOVE it! ATB
FXCyborg,

When you get a moment, could you please advise me on this post:

https://www.forexfactory.com/showthread.php?p=11962712#post11962712

Thanks
  • #479
  • Feb 5, 2019 1:31pm Feb 5, 2019 1:31pm
Quoting menek
Is this correct? {image}
@menek Hi

May I ask where is your SL and TP? You're yet to place those in.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #480
  • Feb 5, 2019 1:32pm Feb 5, 2019 1:32pm
Quoting menek
I have a question. You said we should trade in line with trend but we are trading against interim trend. How do we gauge the trend?
HH, LL, LH, HL's

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
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