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High Level Accuracy Method With Little To NO Draw-down

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  • Post #1,181
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  • Feb 11, 2019 3:05am Feb 11, 2019 3:05am
  •  dachille33
  • | Joined Mar 2017 | Status: Junior Member | 1 Post
@paythelimit DUHH lol thats with every single strategy.
  • Post #1,182
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  • Feb 11, 2019 3:15am Feb 11, 2019 3:15am
  •  kette
  • Joined Jan 2018 | Status: Member | 9,983 Posts
setup
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  • Post #1,183
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  • Feb 11, 2019 3:20am Feb 11, 2019 3:20am
  •  Geges
  • | Joined Dec 2009 | Status: Member | 138 Posts
Quoting Elliot12345
Disliked
see this {image}
Ignored
Well that was quick


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  • Post #1,184
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  • Feb 11, 2019 3:26am Feb 11, 2019 3:26am
  •  kette
  • Joined Jan 2018 | Status: Member | 9,983 Posts
big sell
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  • Post #1,185
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  • Feb 11, 2019 3:35am Feb 11, 2019 3:35am
  •  darylboey
  • | Joined Dec 2013 | Status: Member | 15 Posts
Quoting Geges
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{quote} Well that was quick {image}
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Took this too!
  • Post #1,186
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  • Feb 11, 2019 3:43am Feb 11, 2019 3:43am
  •  Abzozo1
  • | Joined Dec 2009 | Status: Member | 106 Posts
Hello Traders

Could this be another sell setup in motion, marked with a check sign?

The body of the second candle?? I dont like it much.
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  • Post #1,187
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  • Feb 11, 2019 3:54am Feb 11, 2019 3:54am
  •  kette
  • Joined Jan 2018 | Status: Member | 9,983 Posts
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  • Post #1,188
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  • Feb 11, 2019 3:58am Feb 11, 2019 3:58am
  •  galactico
  • | Joined Dec 2017 | Status: Member | 151 Posts
Quoting PayTheLimit
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You can't just take ever setup you see on the 1min/5min/15min/etc...you need to develop a set of criteria to take a trade, or maybe more importantly, to not take a trade. As this is a discretionary method, those criteria will vary from trader to trader.
Ignored
This is very true. This method offers a huge amount of potential setups because it can be used across all timeframes and is a relatively common formation of the candlesticks. Many are absolutely valid and will get you pips. It is more important to decide what is NOT a good setup rather than what is good. I've done a lot of backtesting this weekend and the biggest, most important criteria are the direction of the trend and how much SL you put in.
The trend: For the same cross you can have a completely different trend on M1 toH1 or H4. If they are different you are taking a risk. Best to only take setups where the trend is the same for the short timeframes and longer ones.
SL: obviously M1 on EU is not the same as M1 on GJ and certainly not the same as H1 on GJ. You must look at what a sensible SL is for the trade you are taking.
Maybe 5 pips above the breach zone is fine for M1 EU but you might need 30 pips or more for H1 GJ.
Cyborg mentioned this at the beginning, but it is a fundamental point to turning this method into something successful.
Green is the colour
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  • Post #1,189
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  • Feb 11, 2019 4:00am Feb 11, 2019 4:00am
  •  ndatiusjamo
  • | Joined Dec 2018 | Status: Member | 15 Posts
Hi CroFX, From a set-up point of view that is correct .. you then go down to lower TFs looking for a set-up within your original set-up. This is key to have good entry and minimum DD ... 5 Min TF has one ..

Quoting CroFX
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{image}
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  • Post #1,190
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  • Feb 11, 2019 4:15am Feb 11, 2019 4:15am
  •  okshop
  • Joined Mar 2017 | Status: Impeccable | 2,829 Posts
eurnzd h1
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Self discipline It is a practice
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  • Post #1,191
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  • Feb 11, 2019 4:23am Feb 11, 2019 4:23am
  •  PayTheLimit
  • Joined Aug 2009 | Status: Ride the Pig | 31,000 Posts
Quoting okshop
Disliked
eurnzd h1 {image}
Ignored
good luck mate, seems to have caught a bid....one thing that concerns me in that instance is failure of the engulf to follow through and take out the top of the first bear bar, which sometimes makes it look like a flag, not sure if its something to be concerned with, but something I was just pondering with a set up I'm in now that's similar...
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Look Sharp/Trade Tight
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  • Post #1,192
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  • Feb 11, 2019 4:24am Feb 11, 2019 4:24am
  •  okshop
  • Joined Mar 2017 | Status: Impeccable | 2,829 Posts
GU news eta
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Self discipline It is a practice
1
  • Post #1,193
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  • Feb 11, 2019 4:36am Feb 11, 2019 4:36am
  •  okshop
  • Joined Mar 2017 | Status: Impeccable | 2,829 Posts
Quoting okshop
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GU news eta {image}
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bad , stop out
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Self discipline It is a practice
  • Post #1,194
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  • Feb 11, 2019 4:39am Feb 11, 2019 4:39am
  •  Nobody-yet
  • | Joined Dec 2015 | Status: Member | 94 Posts
I missed this one but hope it's a valid setup for this method
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  • Post #1,195
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  • Feb 11, 2019 4:45am Feb 11, 2019 4:45am
  •  Abzozo1
  • | Joined Dec 2009 | Status: Member | 106 Posts
Quoting Abzozo1
Disliked
Hello Traders Could this be another sell setup in motion, marked with a check sign? The body of the second candle?? I dont like it much. {image}
Ignored
Progress on post 1194 of the GBPUSD short setup
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  • Post #1,196
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  • Feb 11, 2019 4:52am Feb 11, 2019 4:52am
  •  Tyrannosaur
  • | Joined Feb 2019 | Status: Member | 16 Posts
FXCyborg I subscribed to your excellent thread. Your price action information has already blown my mind. I have read through 53 pages so far. Please continue sharing and weeding out the trolls. Looking forward to submitting some charts for your review. I definitely appreciate you sharing what you have learned and figured out on your own in your 30 years of trading.
  • Post #1,197
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  • Feb 11, 2019 5:18am Feb 11, 2019 5:18am
  •  Freefox
  • Joined Nov 2007 | Status: Member | 276 Posts
Testing out my indicator that I mentioned yesterday https://www.forexfactory.com/showthread.php?p=11984065#post11984065

Red arrow shows the 3 bar pattern and engulfing bar.

LIVE TRADE: Took the trade and already well on its where to TP at recent structural low. (see image)

Risk to reward ratio is 3.5 to 1.

Nice
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*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
8
  • Post #1,198
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  • Feb 11, 2019 5:32am Feb 11, 2019 5:32am
  •  thamira83
  • | Joined Nov 2011 | Status: Member | 12 Posts
New live set-up in EUR/USD 1hrs

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  • Post #1,199
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  • Feb 11, 2019 5:33am Feb 11, 2019 5:33am
  •  rover99x
  • | Joined Sep 2009 | Status: Member | 366 Posts
Quoting Freefox
Disliked
Testing out my indicator that I mentioned yesterday https://www.forexfactory.com/showthread.php?p=11984065#post11984065 Red arrow shows the 3 bar pattern and engulfing bar. LIVE TRADE: Took the trade and already well on its where to TP at recent structural low. (see image) Risk to reward ratio is 3.5 to 1. Nice {image}
Ignored
Seems to work well Freefox
  • Post #1,200
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  • Feb 11, 2019 5:44am Feb 11, 2019 5:44am
  •  toastmeister
  • | Joined Jan 2015 | Status: Member | 13 Posts
Excellent job Mr Fox, Well done indeed
tmr
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