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High Level Accuracy Method With Little To NO Draw-down

  • #1,001
  • Feb 8, 2019 10:00am Feb 8, 2019 10:00am
Quoting Heimrich
{image}
that level got some play, but it was quick and weak...the 15min offered a better play just a while ago, IMHO, but its Friday and almost time for a beer...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 69 KB
Look Sharp/Trade Tight
  • #1,002
  • Feb 8, 2019 10:22am Feb 8, 2019 10:22am
Quoting daywalker654
{quote} Instead of being nasty, you could explain, but I guess you don't know it. Enjoy writing clever thoughts and playing trader.
I was not being nasty, I was just trying to help. You obviously missed my point which was that you have not read all the posts here on this thread, otherwise you wouldn't be asking this question.
  • #1,003
  • Feb 8, 2019 10:53am Feb 8, 2019 10:53am
Quoting daywalker654
{quote} Instead of being nasty, you could explain, but I guess you don't know it. Enjoy writing clever thoughts and playing trader.
with all due respect mate, he's right. Kindly take some time out and go through the posts. I've sounded like a Parrot in this thread repeating the same stuff over quite a few times.

Thanks kindly.

ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,004
  • Feb 8, 2019 10:55am Feb 8, 2019 10:55am
https://www.forexfactory.com/showthread.php?p=11977454#post11977454 it mentions, study, no bickering or disrespecting others who are trying to help
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,005
  • Feb 8, 2019 10:56am Feb 8, 2019 10:56am
Is this a valid countertrend entry? SL will move to BE +1 in about 5 pips, just because I countertrended.

Formation at white box, preffered entry point at black. Got an entrace at the dip, was waiting for touch of lower channel. Sorry for the same type of lines, at the moment exploring the strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM15_setup.png Size: 43 KB
Please, just slap me around if I'm being silly ...
  • #1,006
  • Feb 8, 2019 11:05am Feb 8, 2019 11:05am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 86 KB
  • #1,007
  • Feb 8, 2019 11:12am Feb 8, 2019 11:12am
Using this method, I have had 14 winning trades in a row so far.

Here's my advice...

1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules.

2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference.

3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time.

4. Use the 15 min chart to help you with direction.

5. Use the 1 min or 5 min charts to fine-tune entries.

6. Look for pockets of accumulation as targets to enter and exit. Remember to Enter AND Exit. That is VERY important.

7. DON'T GET GREEDY. Use reasonable size profit targets in proportion to the size stops you are using. Personally, I prefer 2 or 3 to 1 reward vs. risk while I am still learning this method.

8. Don't give up!
Always a Student, Never a Master - Emulate What Works
  • #1,008
  • Feb 8, 2019 11:15am Feb 8, 2019 11:15am
Quoting RobinHood
Using this method, I have had 14 winning trades in a row so far. Here's my advice... 1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules. 2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference. 3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time. 4. Use the 15 min chart to help you with direction. 5. Use the 1 min or 5 min charts to fine-tune entries. 6. Look for pockets of accumulation...
Hi RobinHood, thanks for your sharing!

Just curious how would you apply point 5 ("Use the 1 min or 5 min charts to fine-tune entries")

Would love to grab a tip or two
  • #1,009
  • Feb 8, 2019 11:29am Feb 8, 2019 11:29am
Quoting RobinHood
Using this method, I have had 14 winning trades in a row so far. Here's my advice... 1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules. 2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference. 3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time. 4. Use the 15 min chart to help you with direction. 5. Use the 1 min or 5 min charts to fine-tune entries. 6. Look for pockets of accumulation...

Excellent advice, imho
  • #1,010
  • Feb 8, 2019 11:29am Feb 8, 2019 11:29am
Use the 1 min or 5 min for entries, they both work, but not usually at the exact same time. Use whichever one gives you the proper trade set up.
Always a Student, Never a Master - Emulate What Works
  • #1,011
  • Feb 8, 2019 11:35am Feb 8, 2019 11:35am
Quoting RobinHood
Using this method, I have had 14 winning trades in a row so far. Here's my advice... 1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules. 2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference. 3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time. 4. Use the 15 min chart to help you with direction. 5. Use the 1 min or 5 min charts to fine-tune entries. 6. Look for pockets of accumulation...
hey,

i am looking for EUR/USD trades at the moment also.
Would you mind to share your 14 winning trades or at least some of them so that we can improve a little?

thanks in advance and have a nice weekend to all of you
  • #1,012
  • Feb 8, 2019 11:42am Feb 8, 2019 11:42am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 26 KB
Always Be +ive
  • #1,013
  • Feb 8, 2019 11:51am Feb 8, 2019 11:51am
This is FXCyborg's thread and so I don't want to impose, especially without his permission.

I just wanted to let others here know what I am using that has been working for me, and that what he is teaching DOES WORK.
Always a Student, Never a Master - Emulate What Works
  • #1,014
  • Feb 8, 2019 11:55am Feb 8, 2019 11:55am
Thanks FXCyborg for this thread! I am making my way thru page by page and I'm looking forward to everything I can learn here and begin to apply to my own trading.
  • #1,015
  • Feb 8, 2019 11:57am Feb 8, 2019 11:57am
Quoting 2dollardog
{image}
Isn't this setup against the trend? This is what i am having problem with mostly.
TOday the EURUSD has been flat or slightly down, so a trade long is against the trend.
I don't say this is wrong and it might work out, i am just trying to get clear when it is good to take the trade and when no
It takes time
  • #1,016
  • Feb 8, 2019 11:58am Feb 8, 2019 11:58am
Quoting HanifBukhari
{image}
Did you short Gold here Hanif, because there was maybe 10-12 pips to be had ?? The only thing that I see is that the engulfing bar is way too big according to FX Cyborgs rules, and the very next up bar broke the highs of the 3 bar set up, so it looks to me that the bulls are not done here.

I never make predictions I am simply calling it like I see it.
  • #1,017
  • Feb 8, 2019 12:04pm Feb 8, 2019 12:04pm
Hi FXCyborg, In PipsQuick's chart of post 972, the setup looks good to me but the trade entry doesn't. I believe that one of the criteria we look for is that after price moves away from our setup box it needs to return to it in pretty short order. In tis example, it took about 7 hours; the trade worked out but that still seems like too long a time for price to return. So my question is: how long is too long for price to return to the setup box? Thanks!
  • #1,018
  • Feb 8, 2019 12:26pm Feb 8, 2019 12:26pm
Quoting AprilsGiant
Hi FXCyborg, In PipsQuick's chart of post 972, the setup looks good to me but the trade entry doesn't. I believe that one of the criteria we look for is that after price moves away from our setup box it needs to return to it in pretty short order. In tis example, it took about 7 hours; the trade worked out but that still seems like too long a time for price to return. So my question is: how long is too long for price to return to the setup box? Thanks!
I will let FX Cyborg answer this one, but I just wanted to say that we were in a sideways channel (a wide accumulation zone) until 9:30, and then 20 mins after the touch price broke down, which is what I understand about FX Cyborgs rules of engagement. In other words 6 hours should not be too long of a time period to wait for the trade, in my opinion unless I am proven wrong.

Here is what I do, I look for the set up, mark in my H lines and put a pending Buy/Sell order, then sit on my hands and wait for price to hit my order. If it doesnt then I wont lose a wink of sleep over it, because I have multiple orders in place on many other pairs. Since today is a Friday, it can be a slow day for the most part unless its NFP.
  • #1,019
  • Feb 8, 2019 12:40pm Feb 8, 2019 12:40pm
Quoting galactico
{quote} Isn't this setup against the trend? This is what i am having problem with mostly. TOday the EURUSD has been flat or slightly down, so a trade long is against the trend. I don't say this is wrong and it might work out, i am just trying to get clear when it is good to take the trade and when no

Running counter-trend is possible and a preference. One must keep in mind that trading counter-trend diminishes the risk/reward severely and lowers the probability. I had added probability based on things I know that are not relative to this setup (which didn't pan out). I'm a pretty good discretionary trader at this point and would have gotten out with +1 pip despite the low reward. Unfortunately, the local ice storm cut my internet out. It failed to reach the target and fell back to hit the stop by the time I returned.

Classic example of why stops are important.
  • #1,020
  • Feb 8, 2019 12:43pm Feb 8, 2019 12:43pm
Here is another Sell set up on the GBPUSD pair from today on the M5. It is not perfect example because both bullish bodies are not the exact same size, but it was still a 3 bar set up.

We took a whole 7 pips of heat which is why your SL cannot be too small as FX Cyborg has pointed out many times. You can clearly see the first set up which was not valid because of the Gap.
Attached Image (click to enlarge)
Click to Enlarge Name: FX Cyborg GU M5.png Size: 55 KB
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