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High Level Accuracy Method With Little To NO Draw-down

  • #681
  • Feb 7, 2019 1:11am Feb 7, 2019 1:11am
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  • #682
  • Feb 7, 2019 1:19am Feb 7, 2019 1:19am
FXCyborg

Could you please critique my setup.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 - .png Size: 54 KB


Thanks
  • #683
  • Feb 7, 2019 1:28am Feb 7, 2019 1:28am
Quoting HanifBukhari
{image}
Hi

I'm not sure what example you're following, but its certainly not mine.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #684
  • Feb 7, 2019 1:29am Feb 7, 2019 1:29am
Quoting aaven
FXCyborg Could you please critique my setup. {image} Thanks
Perfect. but where's your SL? and did you go down a time frame to see a setup within the setup to reduce the DD?

Other posts have clearly mentioned this

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #685
  • Feb 7, 2019 1:40am Feb 7, 2019 1:40am
Quoting russian30
{image}
I'm sorry my friend, no, but you're getting closer each time

see your image - BTW please don't do small images, user the Snipper Tool on your Windows platform, draw from top left corner to bottom left corner.

Here's how to fix your oversights.

1) understand what structure lows and highs are. They can be peaks (RBD), dips (DBR), DBD, RBR, etc, etc, etc. Kindly study those.
2) the first touch is the most important, never get in late on your entries.
3) use proper SL's if you are not going to be bothered to find setups within setups on lower time frames

Other than that my friend, you're nearly there, we squashed your SL's to be now placed above/below the breach line, now we need to focus more on the 3 i mentioned above.

ATB & Keep trying, you almost cracked it
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Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #686
  • Feb 7, 2019 1:43am Feb 7, 2019 1:43am
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  • #687
  • Feb 7, 2019 1:50am Feb 7, 2019 1:50am
Quoting russian30
{image}
OK, we're repeating the same thing here, kindly go back to the previous post i made please. I can't mark any more if you're not going to read my replies

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #688
  • Feb 7, 2019 1:53am Feb 7, 2019 1:53am
Quoting FXCyborg
{quote} OK, we're repeating the same thing here, kindly go back to the previous post i made please. I can't mark any more if you're not going to read my replies ATB
Sorry, I hadn't read your reply before posting that last one.
  • #689
  • Feb 7, 2019 2:00am Feb 7, 2019 2:00am
It is exceptional of you to post this. It's marvelous. Still, I am unable to put it on my radar until next week. I can already see it boosting my own trade setups. More refined is apropros and impeccable timing for me.

Only The Best
dog
  • #690
  • Feb 7, 2019 2:01am Feb 7, 2019 2:01am
Quoting FXCyborg
{quote} Perfect. but where's your SL? and did you go down a time frame to see a setup within the setup to reduce the DD? Other posts have clearly mentioned this ATB

Thanks for the guidance FXCyborg. I am still trying to understand the 1st step thoroughly and will be focusing on the S/L-Drilling down part as my understanding gets better.
Really appreciate you for taking the time in trying to answer all the questions from so many members, considering how overwhelming it must be...
  • #691
  • Feb 7, 2019 2:10am Feb 7, 2019 2:10am
Hey FXC,

As a matter of clarification - do you mean engulfing in the true sense - i.e. using the bodies or wicks aswell or

or do you mean like a strong move in the opposite direction.

Thanks for your help.
  • #692
  • Feb 7, 2019 2:11am Feb 7, 2019 2:11am
Hi FXCyborg,

Could you kindly review my post? I know there's too much to review but I would like to be sure about this.

https://www.forexfactory.com/showthread.php?p=11965794#post11965794


I can't edit it anymore, but I just read about DBD (drop/base/drop) so that one I understood already!

Thanks in advance,

Pablo.
"Know thyself."
  • #693
  • Feb 7, 2019 2:12am Feb 7, 2019 2:12am
Quoting aaven
{quote} Thanks for the guidance FXCyborg. I am still trying to understand the 1st step thoroughly and will be focusing on the S/L-Drilling down part as my understanding gets better.

Which part my friend?

Probably the accumulation part right?

All it is, is a series of candles going sideways not making any significant highs or lows. As denoted in the pinkish box.
Once price moves away from it, and comes back, and hits our setup within the accumulation zone... then BOOM, in we go.
SL goes above or below the breach line: above for sells, below for buys. and Breach line is placed on the highest wick out of the 3 bar setup for sells, and the lowest wick on the 3 bar setup for buys.
TPs go in the manner as replied to "russian30" above "1) understand what structure lows and highs are. They can be peaks (RBD), dips (DBR), DBD, RBR, etc, etc, etc. Kindly study those."

It's really that simple... use your cognitive pattern recognition, its not something we learn, we all have it as a child, ex: remember putting round pegs into round holes in nursery school? Triangle blocks in triangle holes? this is no different

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #694
  • Feb 7, 2019 2:16am Feb 7, 2019 2:16am
Missed this - was this a good entry?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


Thanks in Advance,
  • #695
  • Feb 7, 2019 2:25am Feb 7, 2019 2:25am
Quoting FXCyborg
{quote} I'm sorry my friend, no, but you're getting closer each time see your image - BTW please don't do small images, user the Snipper Tool on your Windows platform, draw from top left corner to bottom left corner. Here's how to fix your oversights. 1) understand what structure lows and highs are. They can be peaks (RBD), dips (DBR), DBD, RBR, etc, etc, etc. Kindly study those. 2) the first touch is the most important, never get in late on your entries. 3) use proper SL's if you are not going to be bothered to find setups within setups on lower...
Thanks for the feedback. It is much appreciated.
  • #696
  • Feb 7, 2019 2:25am Feb 7, 2019 2:25am
Heres one which i got into and lost:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB


Was this a good entry?

Thanks in Advance

Edit: With a better SL placement this would have been a winner
  • #697
  • Feb 7, 2019 2:31am Feb 7, 2019 2:31am
Quoting AkronD
Hey FXC, As a matter of clarification - do you mean engulfing in the true sense - i.e. using the bodies or wicks aswell or or do you mean like a strong move in the opposite direction. Thanks for your help.
For short setup, the engulfing bear bar shld close below the open of 2nd bull bar. That is, only engulf the 2nd bull bar body. And only engulf 1 bar in total, not many previous bars.
  • #698
  • Feb 7, 2019 2:32am Feb 7, 2019 2:32am
Quoting AkronD
Missed this - was this a good entry? {image} Thanks in Advance,
The bearish outside bar is too big I think. It's supposed to engulf just the second bull bar.
  • #699
  • Feb 7, 2019 2:35am Feb 7, 2019 2:35am
Quoting Tradman
{quote} The bearish outside bar is too big I think. It's supposed to engulf just the second bull bar.
Righto - nice pickup.

Thanks for the feedback.
  • #700
  • Feb 7, 2019 2:36am Feb 7, 2019 2:36am
Quoting steven21
{quote} For short setup, the engulfing bear bar shld close below the open of 2nd bull bar. That is, only engulf the 2nd bull bar body. And only engulf 1 bar in total, not many previous bars.
Thank you - took a while to get my head around with all these rules.
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