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High Level Accuracy Method With Little To NO Draw-down

  • #1,141
  • Feb 10, 2019 5:40pm Feb 10, 2019 5:40pm
Quoting Rfs199
{quote} In that chart the orders were placed just after the setup, but shouldn't the move happen after the setup? Because I remember a reply by FXCyborg that indicated that: {quote} Is entering a trade just after the setup was developed valid as well? Or am I missing something here?
The 4th bar did move away and came back to trigger the trade in the 4th bar (can zoom into lower tf to see more clarity). Also dont need accumulation zone for higher tf:

https://www.forexfactory.com/showthread.php?p=11977454#post11977454
  • #1,142
  • Edited 6:02pm Feb 10, 2019 5:42pm | Edited 6:02pm
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  • #1,143
  • Feb 10, 2019 6:43pm Feb 10, 2019 6:43pm
Trying to learn and get the setup right, is this valid? Any criticism is appreciated.

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Thanks in advance, and thank you FXCyborg for all the work you've put into this thread.
  • #1,144
  • Feb 10, 2019 6:51pm Feb 10, 2019 6:51pm
Quoting Rfs199
Trying to learn and get the setup right, is this valid? Any criticism is appreciated. {image} Thanks in advance, and thank you FXCyborg for all the work you've put into this thread.
The problem with your set up is that the engulfing candle is too big and it engulfs the 3 previous candles. The engulfing candle must only engulf candle #2 of the 3 bar set up, but it cannot engulf both candle #1 & #2.
  • #1,145
  • Feb 10, 2019 8:02pm Feb 10, 2019 8:02pm
Quoting Rfs199
Trying to learn and get the setup right, is this valid? Any criticism is appreciated. {image} Thanks in advance, and thank you FXCyborg for all the work you've put into this thread.
Just a minor point from what I see, the TP line should not include wicks, it should be at the open or close of the 2 candles forming the low.
  • #1,146
  • Feb 10, 2019 8:57pm Feb 10, 2019 8:57pm
Missed it
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  • #1,147
  • Feb 10, 2019 9:36pm Feb 10, 2019 9:36pm
Quoting pipsquick16
{quote} The problem with your set up is that the engulfing candle is too big and it engulfs the 3 previous candles. The engulfing candle must only engulf candle #2 of the 3 bar set up, but it cannot engulf both candle #1 & #2.
Quoting steven21
{quote} Just a minor point from what I see, the TP line should not include wicks, it should be at the open or close of the 2 candles forming the low.
Thanks for the insight guys. Alright, let's try this again (I try to label the charts as clearly as I can). This is on the UJ-15M, the move already happened but I want to learn to spot these setups. Would this one be valid?
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  • #1,148
  • Feb 10, 2019 9:47pm Feb 10, 2019 9:47pm
Quoting Rfs199
{quote}{quote}Thanks for the insight guys. Alright, let's try this again (I try to label the charts as clearly as I can). This is on the UJ-15M, the move already happened but I want to learn to spot these setups. Would this one be valid? {image}
I think the entry should be at the next bar right after the 3 bar setup since price moved away and came back, and there is enough accumulation zone to the left of the setup (a top). You can also zoom in to 5min chart to see the accumulation zone more clearly.
  • #1,149
  • Feb 10, 2019 10:17pm Feb 10, 2019 10:17pm
"To Give Advice Without Professional Expertise Shows Arrogance Ignorance"
Always a Student, Never a Master - Emulate What Works
  • #1,150
  • Feb 10, 2019 10:20pm Feb 10, 2019 10:20pm
no need for that
  • #1,151
  • Feb 10, 2019 10:44pm Feb 10, 2019 10:44pm
Quoting steven21
{quote} I think the entry should be at the next bar right after the 3 bar setup since price moved away and came back, and there is enough accumulation zone to the left of the setup (a top). You can also zoom in to 5min chart to see the accumulation zone more clearly.
I think I'm getting there. Did you mean this?
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So the TP target is the last structure high / low before the setup?

Quoting RobinHood
"To Give Advice Without Professional Expertise Shows Arrogance Ignorance"
Is what they're saying not accurate? Genuinely asking.
  • #1,152
  • Feb 10, 2019 10:48pm Feb 10, 2019 10:48pm
Quoting Rfs199
{quote} I think I'm getting there. Did you mean this? {image} So the TP target is the last structure high / low before the setup? {quote}Is what they're saying not accurate? Genuinely asking.
I am also new, so I am just discussing for learning purposes, not giving advice. I think the immediate bar after the setup is a valid entry...
  • #1,153
  • Feb 10, 2019 10:50pm Feb 10, 2019 10:50pm
got a couple of questions for those who follow this method,
1.how many setups do you find with this method a month?
2. Is it more effective on higher time frames or better for 1,5, 15min time frames?

thanks
  • #1,154
  • Feb 10, 2019 11:09pm Feb 10, 2019 11:09pm
Quoting cyguy
got a couple of questions for those who follow this method, 1.how many setups do you find with this method a month? 2. Is it more effective on higher time frames or better for 1,5, 15min time frames? thanks
Thats a very loaded question my friend, read the whole thread first then you will have a better understanding on how this simple logic works.
  • #1,155
  • Feb 10, 2019 11:16pm Feb 10, 2019 11:16pm
Quoting Rfs199
{quote} In that chart the orders were placed just after the setup, but shouldn't the move happen after the setup? Because I remember a reply by FXCyborg that indicated that: {quote} Is entering a trade just after the setup was developed valid as well? Or am I missing something here?
Yeah, like this. This is classic and on a 5m chart. The same setup applies on the higher time frames over a much longer period of time, especially if your entry line rests on a similar entry trigger via lower time frames.
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  • #1,156
  • Feb 10, 2019 11:21pm Feb 10, 2019 11:21pm
Quoting pipsquick16
{quote} Thats a very loaded question my friend, read the whole thread first then you will have a better understanding on how this simple logic works.
or just read the first post 10+ x
  • #1,157
  • Feb 10, 2019 11:45pm Feb 10, 2019 11:45pm
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 FXCyborg,

May I know what time mostly you are active trade with this method and most of your trades was swing ? do you also watch this pattern every 5 Minutes ? For how long/how many hours ?

Thanks
  • #1,158
  • Feb 10, 2019 11:45pm Feb 10, 2019 11:45pm
Quoting Geges
{quote} or just read the first post 10+ x
Yeah that's a good one, I am new here so I have spending time reading the thread
  • #1,159
  • Feb 10, 2019 11:59pm Feb 10, 2019 11:59pm
Hello sir,
Discovered your thread in the weekend..
Kindly check my analysis and marking is it according to the method you shared..
Please correct me if I m missing something.
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  • #1,160
  • Feb 11, 2019 12:19am Feb 11, 2019 12:19am
Good Morning/Evening all

My first trade with this set up. Would appreciate comments from FXC or any senior members.

https://www.screencast.com/t/PMlsv50UQ
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