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High Level Accuracy Method With Little To NO Draw-down

  • #881
  • Feb 7, 2019 6:51pm Feb 7, 2019 6:51pm
Guys, please, please, I know it's the end of the week and people are tired, et al, but please, leave the bickering alone

I'm getting tired of it. I appreciate that some of you are replying to these people who have had a tough week in support of me and the thread, etc, but let's just move on.
Kindly refer to this post.
https://www.forexfactory.com/showthread.php?p=11977454#post11977454

I don't want to come back here to see everyone fighting... Or I might not just come back and do something better with my time, of which I have put in about 4-10 hours a day into this thread to help each of you, not to moderate the dislike button and spend all day ignoring people, my ignore list is huge now and most of that is from ONE DAY.

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  • #882
  • Feb 7, 2019 6:53pm Feb 7, 2019 6:53pm
Quoting lddd
{quote} I looked back at his charts but could not identify such setup within the setup on his M5 posted going lower from his H1. Maybe it could be highlighted? Also what is the logic and advantage of a setup within a setup?
Also what is the logic and advantage of a setup within a setup?

Answer: Lower Risk and also Higher Probability.

Generally, trade setups that trigger across multiple time frames have a higher positive expectancy (http://www.lonestocktrader.com/make-money-trading-positive-expectancy/). I do not know about this particular setup, but the risk:reward ratio is obvious and suits my trading style, because I can be an imbecile and I want to make money. Paul Tudor Jones agrees with me:

5:1 (risk /reward). Five to one means I’m risking one dollar to make five. What five to one does is allow you to have a hit ratio of 20%. I can actually be a complete imbecile. I can be wrong 80% of the time, and I’m still not going to lose. - Paul Tudor Jones

FXCyborg had me at the risk to reward on this setup. keh
  • #883
  • Feb 7, 2019 6:56pm Feb 7, 2019 6:56pm
Quoting FXCyborg
Guys, please, please, I know it's the end of the week and people are tired, et al, but please, leave the bickering alone I'm getting tired of it. I appreciate that some of you are replying to these people who have had a tough week in support of me and the thread, etc, but let's just move on. Kindly refer to this post. https://www.forexfactory.com/showthread.php?p=11977454#post11977454 I don't want to come back here to see everyone fighting... Or I might not just come back and do something better with my time, of which I...
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  • #884
  • Feb 7, 2019 7:09pm Feb 7, 2019 7:09pm
I just want to say this is exactly what i am looking for. Thank you for sharing it kind sir
  • #886
  • Edited 9:13pm Feb 7, 2019 7:39pm | Edited 9:13pm
Thank you FXCyborg for all the support you have given.
I was hoping that you could have a look at this trade of mine and give me some pointers.
Sorry to take up your time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 52 KB
  • #887
  • Feb 7, 2019 7:51pm Feb 7, 2019 7:51pm
Quoting garados
Thank you FXCyborg for all the support you have given. I was hoping that you could have a look at this trade of mine and give me some pointers. Sorry to take up your time. {image}
you're against the trend
  • #889
  • Feb 7, 2019 7:59pm Feb 7, 2019 7:59pm
Quoting lddd
@FXCyborg, the highlighted setup within the setup on M5 is a valid bearish engulfing bar? As far as i can see the second BULL bar was not fully engulfed. {image}
Yes, in the circled setup, the black bars are bull bars (moving up) and the white bar is a bear bar (moving down). So the second bull is fully engulfed.
  • #890
  • Feb 7, 2019 8:15pm Feb 7, 2019 8:15pm
Quoting steven21
{quote} Yes, in the circled setup, the black bars are bull bars (moving up) and the white bar is a bear bar (moving down). So the second bull is fully engulfed.
But that's the thing, the 2nd bull isn't fully engulfed. The highest point of the bear bar never went above the high or even the open of the 2nd bar.
  • #891
  • Feb 7, 2019 8:18pm Feb 7, 2019 8:18pm
Quoting garados
Thank you FXCyborg for all the support you have given. I was hoping that you could have a look at this 2 trades of mine and give me some pointers. Sorry to take up your time.
They were not around any accumulation zone.

Also, make sure that the 2nd bar is fully engulfed. Please read 1st post more carefully.
  • #892
  • Feb 7, 2019 8:23pm Feb 7, 2019 8:23pm
Quoting raklian
{quote} But that's the thing, the 2nd bull isn't fully engulfed. The highest point of the bear bar never went above the high or even the open of the 2nd bar.
From what I see, the 3rd bear bar (white in color, moving down), closed below the open of the 2nd bull bar (black color, moving up).
So the 3rd bear bar fully engulfs the 2nd bull bar.
  • #894
  • Feb 7, 2019 8:40pm Feb 7, 2019 8:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD M1.png Size: 43 KB



EDIT: TP1 hit
  • #895
  • Feb 7, 2019 8:41pm Feb 7, 2019 8:41pm
Quoting raklian
{quote} {image}
If u look at the last image in the 1st post, the high of the 3rd bear bar is below the high of the 2nd bull bar.
So I dont think there is any requirement for the high of the 3rd bear bar.
The 3rd bear bar only needs to close below the open of the 2nd bull bar (for sell setup).
  • #896
  • Feb 7, 2019 8:43pm Feb 7, 2019 8:43pm
Quoting steven21
{quote} If u look at the last image in the 1st post, the high of the 3rd bear bar is below the high of the 2nd bull bar. So I dont think there is any requirement for the high of the 3rd bear bar. The 3rd bear bar only needs to close below the open of the 2nd bull bar (for sell setup).
Perhaps. You may be right. Let's see if that works out over the long run.
  • #897
  • Feb 7, 2019 8:45pm Feb 7, 2019 8:45pm
Quoting Yoshibomb
{quote} you're against the trend
sorry do you mean the 2nd pic? If it is, during the revisit, it was still a downtrend no?
  • #898
  • Feb 7, 2019 9:01pm Feb 7, 2019 9:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 115 KB
  • #899
  • Feb 7, 2019 9:02pm Feb 7, 2019 9:02pm
Quoting garados
Thank you FXCyborg for all the support you have given. I was hoping that you could have a look at this 2 trades of mine and give me some pointers. Sorry to take up your time. {image} {image}
Hi Garados
In my opinion the first pic had a nicer formation than the second, (not really a good one that second one), but the first one was against the trend . The second one was with the trend, only not a real setup if I'm honest.

I would also like to throw out there that instead of time being a factor for weather a trade is valid still, what about a certain number of candles. This takes into account all TFs equally.

Chris
  • #900
  • Feb 7, 2019 9:05pm Feb 7, 2019 9:05pm
Quoting 2dollardog
{image}
I believe you have the setup upside down.
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