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Attachments: High Level Accuracy Method With Little To NO Draw-down
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High Level Accuracy Method With Little To NO Draw-down

Quoting FXCyborg
{quote} 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"...
FXCyborg,

Thanks for the quick reply and words of encouragement...

This is my understanding, please correct me where you see fit:

1. Accumulation is key. Ideally we take trades that are inline with the trend. Can one take trades that are reversals, provided there is accumulation+ our setup+revisit to the area?

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2. I will definitely research into peaks (RBD), dips (DBR), DBD, RBR, and apologize for the newbie question:

Is structural low the latest low or is it the low of the block of candles that are re-visiting our marked price level{which triggers the trade}

Thanks once again for all the guidance
Dear FXCyborg and friends,

please kindly review my trade which I took yesterday on USDCAD 30min. I saw a great setup on 30 mins (picture 1). I went over to lower timeframes (compressions) and saw a slow sideway market and a better entry point (picture 2). I took the trade but unfortunetelly didn´t work out. Do you have a feedback for me? Was everything right?

Thank you very much

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the only place success comes before work is in the dictionary
Ben1 Return This Week: na
Quoting kleybenny
Dear FXCyborg and friends, please kindly review my trade which I took yesterday on USDCAD 30min. I saw a great setup on 30 mins (picture 1). I went over to lower timeframes (compressions) and saw a slow sideway market and a better entry point (picture 2). I took the trade but unfortunetelly didn´t work out. Do you have a feedback for me? Was everything right? Thank you very much {image} {image}
Looks like a sell setup and you took a buy ???
Quoting Bestof27
{quote} Looks like a sell setup and you took a buy ???
No, it was a sell.
the only place success comes before work is in the dictionary
Ben1 Return This Week: na
Quoting kleybenny
{quote} No, it was a sell.
A sell in an uptrend ....
Counter trend, but I couldnt resist the setup

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Quoting Bestof27
{quote} A sell in an uptrend ....
There's the reason why it didn't work out. I never stated to do a sell in an uptrend.

Also, 0.1 lot on 200 is far too much... 0.01 is better.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting darylboey
Counter trend, but I couldnt resist the setup {image}
discipline is key here, plus i have no idea where your set up is.. draw them out if you want help... and remove the crap at the bottom. You don't need stabilizers, you're a big boy now

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Simple trades why make it complex , take trades after london open and us open . trade should come on the 10 th or 11 hrs or 15th and 16th hr otherwise ignore.

10th hour is london open 15th hour is us open . Trades can come at 19th and 20th hour that is london close candle is 19th hour.
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@FXCyborg.

Would it not be more useful for me and others, to comment on my post and tell what is wrong with it instead of just clicking the dislike button ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
Quoting aaven
{quote} Can one take trades that are reversals, provided there is accumulation+ our setup+revisit to the area? {image}
What you are seeing there is a Bearish Compression/Channel, buy orders are being accumulated from that nice down trend. These are easily identifiable by the lack of retracements. However that's a more advanced section of price action that requires more explanation.

If you follow what I typed out, you wont have a problem. At least not for the long term.

Do your back-testing, before you try to predict future price. Then get back to me with those examples.


Quoting aaven
{quote}

2. I will definitely research into peaks (RBD), dips (DBR), DBD, RBR, and apologize for the newbie question: Is structural low the latest low or is it the low of the block of candles that are re-visiting our marked price level{which triggers the trade} Thanks once again for all the guidance
Neither, well, kind of, I'll draw out an image later to show you... im resting at the moment watching movies while I await the GBP Rate Hike... "It's another Pay Day" "

ATB & BRB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting FXCyborg
{quote} discipline is key here, plus i have no idea where your set up is.. draw them out if you want help... and remove the crap at the bottom. You don't need stabilizers, you're a big boy now ATB

whats your read on this 1min set up on the retest of the 30 min level in the yen, would that allow you a tighter stop had you taken it? this is what you consider drilling down?
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Look Sharp/Trade Tight
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.
There's only ONE sense of Engulfing patterns, not two, unless someone else made up Japanese Candle Pattern definitions of their own lol Japanese Candles have been in existence since the day of time before Charts were even created to work off (Late 1800's)

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting AkronD
Heres one which i got into and lost: {image} Was this a good entry? Thanks in Advance Edit: With a better SL placement this would have been a winner
Yeah, you didn't add your SL in the correct place.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting tomdachi
Hi, I am a fan of supply and demand. I just want to share my view on USDJPY chart. Feel free to drop any comment. Bias is up-trend, just spotted out a long setup. {image} Regards, Tom
Kindly refer to my setups, not yours please.

Thanks

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting raklian
Nice trade on M5 USDJPY. Check mark is setup and arrows are entries where I scaled in. {image}
Ideally we should ONLY take the first touch.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting FXCyborg
{quote} There's the reason why it didn't work out. I never stated to do a sell in an uptrend. Also, 0.1 lot on 200 is far too much... 0.01 is better. ATB
Thank you. But I see there a downtrend. When I look left. See picture below on h1 chart.

So does it mean we should look more on the short term trend instead of long term trend?

Thank you

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the only place success comes before work is in the dictionary
Ben1 Return This Week: na
Quoting Dilmeshsingh
Hi, Firstly, I want to thank FXCyborg for starting such a wonderful thread. Fortunately, I found this thread on the day of its inception, subscribed it, and have been following since. I am learning to mark the levels accurately so I had to go by several posts over and over again. Also, many people have been posting their charts, so its sometimes difficult to locate FXCyborg's posts. Therefore, I have made a PDF of collection of his posts which I felt were relevant to the topic. I am sharing this PDF so that others can also save time searching for...
Brilliant you did a fantastic job... 329 downloads already

Thanks

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
Quoting Derekers
Correct me If i am wrong {image}
Hi

I'm having a hard time to understand why you bought there? Please explain.

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