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High Level Accuracy Method With Little To NO Draw-down

  • #1,041
  • Edited 6:06pm Feb 8, 2019 5:25pm | Edited 6:06pm
XAUUSD: a not perfect setup on m30 and a few on m15, for a short.

In this case, i think that the size of the candles are not very important, IMHO. It is evident that the gold now it is under an important supply zone

H4:
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  • #1,042
  • Feb 8, 2019 6:19pm Feb 8, 2019 6:19pm
Quoting Dane
Hi, Here's a trade I took on the US30 Dow Jones. Notes: I have been trading the US30 (DOW) and GER30 (DAX) for years, so I feel them These Indices can move hundreds of pips in a few hours Trend is down off major supply on higher time frames Accumulation prior to London open Three bar set up albeit subtle Wrap FXC entry rules around the set up Price moved away with certainty, set up pending orders Stop loss was just 6 pips above entry price ( A small price I'm willing to pay for outstanding R:R) TP was open, the indices run and we are in a down trend,...
Nice trade Dane and well done on the pip count for a Friday.
  • #1,043
  • Feb 8, 2019 6:30pm Feb 8, 2019 6:30pm
Quoting toastmeister
Well Done Dane! Dax and Dow are the ones I trade and for me 1 trade on the Dax in the morning and 1 trade on Charlie in the afternoon are enough. However FX Cyborg's Methodology is without doubt invaluable for the trader. A remarkable guy who has selflessly shared his skills on this thread. all the best

Thanks and well done with your trades Toastmeister

All credit to FXC for taking the time to reveal a fascinating way of looking at the market that is battle tested and proven...

All the best

D...
  • #1,044
  • Feb 8, 2019 6:41pm Feb 8, 2019 6:41pm
Quoting AkronD
{quote} That's a great explanation. Well done on the pips too.
Thanks AkronD but all credit to FXC, I trust that what I have noted meets FXC standard at a minimum

All the best

D...
  • #1,045
  • Feb 8, 2019 6:45pm Feb 8, 2019 6:45pm
Quoting pipsquick16
{quote} Nice trade Dane and well done on the pip count for a Friday.
Thanks Pipquick16, again all credit to FXC, we have someone in FXC who is battle hardened and withstood the test of time in the markets, a gift

All the best

D...
  • #1,046
  • Edited 7:27pm Feb 8, 2019 7:12pm | Edited 7:27pm
Quoting FXCyborg
{quote} Hi, Thanks for your submission. Unfortunately your setup has a gap, thus making it invalid, so the mindset now is to completely fill these gaps... kindly see below the notes I have made. This is one way to determine overall intention of where price will go.. I have done a real time snapshot of this pair in question. There's another Gap, watch it get filled ATB {image}
I have been looking at the gaps you have pointed out ... I never looked at those gaps on the M1 compression with any detail.

I see so much opportunities ... by looking for this at the extremes (highs lows) and trading back to the close ......
very very interesting, Ill get back to you

great thread
Live today like theres no tomorrow-- Prioritize like you will die today
  • #1,047
  • Feb 8, 2019 7:22pm Feb 8, 2019 7:22pm
FXCyborg,

At first I was going to email you. I rarely email anyone. There are a lot of good traders on FX and I've found a few and keep them close, but it didn't happen by me emailing everyone. That comes from reading, learning, listening and paying close attention.

These days I rarely trade majors. I trade exotics. I wouldn't know support and resistance on eurusd without a couple hours of back crawling the charts. Ergo, I'm having trouble trading this one on eurusd. Just off.

In my disappointment I went back to my beloved usdmxn. You see, I've a trade setup that yields a massive return. By all counting it should yield about 400% ROI in about 12 months. I know others who are making that much and I can see that it is clearly possible. My biggest problem is psychology. That's on me and no need to explain to you that mountain.

The other problem I have is:

1) The broker spreads are dynamic. At any given time on this particular pair I'm looking at a range from 50 pips to 480 pips and you can bet your sweet little $$$ they widen it as they please.

I got over the futility of this long ago and did the math, crawled the charts, observed very astutely and have calculated a reasonable risk parameters with the trade setup that is A-Okay. Again, I don't need to explain to you this other mountain, but you know it can be done. The broker does this because the ROI on it can be so huge, they'd lose their shorts if they didn't cut like this. I know you know this, but writing this for the benefit of others.

2) The next problem is the biggie: market maker/bank moves. I know exactly where support/resistance (or demand/supply zones) on this pair, but the market maker moves (or banks, whatever - it's big money) are shrewd. These moves effectively eliminate my originating 5:1 risk to reward down to 1:1: 2:1 if I'm lucky. Overcoming this obstacle has been daunting, demoralizing and put me right back at futility.

When I went back to this pair today ....

there they were ...

all the three bar setups sitting exactly at support and resistance and there for my taking...

couldn't see it on eurusd, but on my baby, the peso ....

there they were on the lower time frames matching the higher ones, giving me a clearer indication of the real mm moves ....

and from there I calculated my new risk parameters .

i COULD ALMOST CRY. I STILL MUST REDUCE THE NUMBER OF TRADES TO REDUCE OVERALL RISK, BUT just this PATTERN DROPs OVERALL RISK TO AS MUCH AS 50%. In short, where I would normally input a 700 pip stop to avoid the MM move and my wait for to get into position, I can get in just a little bit later (or sometimes earlier!) without diminishing my reward too much and set no more than a 350 pip stop. In some cases, it is as little as 250 (during high liquidity hours).

I'm going to continue following along on this thread to steady my learning curve. Probably not post charts because I don't want to encourage newbs to trade exotics. (Dear newbs: You'll lose your shorts!)

I've no idea why I haven't run across this before. I can say it is a must-have trading weapon.

Cannot thank you enough for taking the time to put up with the trolls so I can get on my merry way to that 400% return. If you don't mind, I'll send you updates in your email.

OTB = Only The Best
  • #1,048
  • Feb 8, 2019 7:57pm Feb 8, 2019 7:57pm
just saw this thread this morning and it really caught my interest.

is this setup correct?
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When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #1,049
  • Feb 8, 2019 8:09pm Feb 8, 2019 8:09pm
Quoting lananpips
just saw this thread this morning and it really caught my interest. is this setup correct? {image}
Seems to be a nicer setup at the 1st dip (near beginning of 7 Feb) after the lowest point.
  • #1,050
  • Feb 8, 2019 9:33pm Feb 8, 2019 9:33pm
Hi FXCyborg,

Firstly, much appreciation for your selfless contribution

Just trying to comprehend all this as I was trying to build some robots and stumbled across this and piqued my interest, this is also the first time I'm coming across specific Supply/Demand theory specific to forex (I have studied economics so I understand S/D but all I have previously come across is Bulls/Bears Support/Resistance etc).

trying to look for the setups during Asian session which moves quite slowly so haven't taken any trades just yet but as I stated above I'm looking for better comprehension.....

Is this a version of FTB?

Again,
Thanks for your generosity,
Cheers


  • #1,051
  • Feb 9, 2019 12:09am Feb 9, 2019 12:09am
Quoting RobinHood
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.
Another Robinhood
POSTMASTER
  • #1,052
  • Feb 9, 2019 12:36am Feb 9, 2019 12:36am
Quoting FXCyborg
{quote} @northwind, Hi, Almost To everyone, we're still not getting these setups perfectly yet... I did say "Equal to --- OR very close to it"... Stick to this rule and you will find better results. ATB {image}
Hey mate, are you referring strictly to the size of the candle BODIES, or the entire length of the candles (even if one or both have small bodies)? Tnx.
Simplicity Is The Ultimate Sophistication!
  • #1,053
  • Feb 9, 2019 3:32am Feb 9, 2019 3:32am
Hi to all!
Do there are indicator with alerter, when I can set parameters like price accumulation box length in candles and height in pips, and when candle count and pip height occurs, alarm and message goes off. MT4
Best regards
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  • #1,054
  • Feb 9, 2019 3:34am Feb 9, 2019 3:34am
Quoting FXCyborg
Greetings Ladies & Gents, I've been trading for almost 30 years. I'm going to show you some stuff that's going to blow your mind away... but first... Let's get some stuff about me out of the way... It's been a fun, and a scary journey Trading Currencies. Google never existed 30 years ago. I had the pleasure to use AOL and Yahoo! Search engine, all from a 56Kbps modem. So you could imagine finding resources to learn from was scarce (minimal) at its best. All I had to learn from was OLD Stock Trading images and reverse engineer the Technical Analysis...
Hi Sir, i wonder if you have a highly accuracy indicator for Entry? Thanks for your response .
  • #1,055
  • Feb 9, 2019 4:01am Feb 9, 2019 4:01am
Quoting FXCyborg
{quote} Just to add, the 2nd image you drew in, is actually a Drop Base Drop / Imbalance zone (the 2nd method I was going to draw / explain out but I didn't have the time). There's a huge gap there, this needs to be filled (at some stage)... so this can go one of two ways... 1) trigger the gap and close below it then head up to the imperfect setup. 2) Trigger the imperfect setup and then drop to close below the gap. ATB
Hi,
Do you always trade short with 3 candles? do you trade only Eurusd pair? do you take your entry with the 1-minute chart? do you trade with 1 min chart only?
Thanks
  • #1,056
  • Feb 9, 2019 4:12am Feb 9, 2019 4:12am
Quoting Dane
Hi, Here's a trade I took on the US30 Dow Jones. Notes: I have been trading the US30 (DOW) and GER30 (DAX) for years, so I feel them These Indices can move hundreds of pips in a few hours Trend is down off major supply on higher time frames Accumulation prior to London open Three bar set up albeit subtle Wrap FXC entry rules around the set up Price moved away with certainty, set up pending orders Stop loss was just 6 pips above entry price ( A small price I'm willing to pay for outstanding R:R) TP was open, the indices run and we are in a down trend,...
Hi Dane,
I have recently started trading indices us30 and dax30. Your strategy is simple yet profitable. How long you have been trading with this system? Thanks.
  • #1,057
  • Feb 9, 2019 4:40am Feb 9, 2019 4:40am
I wanted to quickly thank FxCyborg. It has been intuitively clear to me for many years that a 4-5 pip stop would be enough to totally dominate the market. For that reason this setup is much better than what I have been recently trading. I will filter for trend and add my own volume confirmation - which will allow me to get a bit sloppy with the 3 bar setup - but also mean I can't participate in this thread. No need for an 80% win rate when you pick your spots well with a 5 pip s/l tho lol.
Slainte mhath!
Enter Signature
  • #1,058
  • Feb 9, 2019 5:17am Feb 9, 2019 5:17am
Hi guys, how about this setup? candle 1 has a smaller body than candle 2, and the candle 4 engulf the candle 2.



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  • #1,059
  • Feb 9, 2019 5:56am Feb 9, 2019 5:56am
Quoting tomdachi
Hi guys, how about this setup? candle 1 has a smaller body than candle 2, and the candle 4 engulf the candle 2. {image}
I zoomed into the lower tf also cant find the correct 3 bar setup contained within those 3 higher tf bars. Candle 3 shld only engulf candle 2 (by closing below its open), and not engulf candle 1.
  • #1,060
  • Feb 9, 2019 7:22am Feb 9, 2019 7:22am
Quoting tomdachi
Hi guys, how about this setup? candle 1 has a smaller body than candle 2, and the candle 4 engulf the candle 2. {image}

I see 3 setups for a long..
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