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High Level Accuracy Method With Little To NO Draw-down

  • #1,381
  • Feb 12, 2019 7:21am Feb 12, 2019 7:21am
EUR/CAD 5M +7p explanation on chart . FXCyborg thank you for shering your knowledge.
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  • #1,382
  • Feb 12, 2019 7:34am Feb 12, 2019 7:34am
Here is another nice Buy set up on today's AUDUSD M1. We are in an up trend on M1/M5, sideways on H1. You can see the consolidation zone, set up and touch back for the Buy.

Look how strong that Buy level is and how many times it was respected before this Buy set up happened.
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Click to Enlarge Name: FX Cyborg AUDUSD M1 Todays Buy.png Size: 51 KB
  • #1,383
  • Feb 12, 2019 7:44am Feb 12, 2019 7:44am
Trade entered on AudJpy.

TP is much higher and isn't reflected on the chart so as not to zoom out too far.
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  • #1,384
  • Feb 12, 2019 7:47am Feb 12, 2019 7:47am
"eur/usd in the hourly chart could be worthwhile keeping an eye on folks"
  • #1,385
  • Feb 12, 2019 7:56am Feb 12, 2019 7:56am
was this EU setup a valid sell trade?

i know the entry would have been on the very next candle, but on lower time frames there would have been an argument to jump into a sell trade.

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  • #1,386
  • Feb 12, 2019 8:20am Feb 12, 2019 8:20am
Quoting Abzozo1
Dear Traders I really like this trading method, but I feel like I'm doing something wrong somewhere. Is this a valid trade setup( marked with a check sign)? The reason I'm not so so sure is that price broke out area marked with eclipse and made low of the day. Now we have two bear candles and bullish engulfying candle ( marked with check sign), where I think the setup has cpmpleted and prices comes back to test that area, which is our long entry, marked with UP arrow. Is that correct? Take profit, is where the structural high needs to be, marked...
kindly go back to the first post and all my replies, you'll see why these are wrong re: engulfing.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,387
  • Feb 12, 2019 8:26am Feb 12, 2019 8:26am
Quoting FXCyborg
{quote} You'll get there, put the hours in and you'll find even better setups
Hello I am just testing this system and would like to learn more. One thing that I am trying to understand is how you identify trends. Do you use higher TF to do this?

I just posted my first chart but would like your input on it, did I get it right or wrong? My take profits are the 2 red lines below
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  • #1,388
  • Feb 12, 2019 8:29am Feb 12, 2019 8:29am
Quoting FXCyborg
{quote} kindly go back to the first post and all my replies, you'll see why these are wrong re: engulfing.
Ok thanks for the reply FXCyborg.

I know that I'm doing something wrong somewhere, ok let me go back to your 1st post and focus on engulfing candles.

Thanks for sharing this method with us.

Kind Regards

Abie
  • #1,389
  • Feb 12, 2019 8:48am Feb 12, 2019 8:48am
Thank you very much FXCyborg for the knowledge sharing

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  • #1,390
  • Feb 12, 2019 9:03am Feb 12, 2019 9:03am
Quoting IlGiggi
Is this a good setup? {image}
yes it was
with double entry 90 total pips
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Don't jump in the sewer...
  • #1,391
  • Feb 12, 2019 9:05am Feb 12, 2019 9:05am
Quoting TheCrusade
was this EU setup a valid sell trade? i know the entry would have been on the very next candle, but on lower time frames there would have been an argument to jump into a sell trade. {image}
I too went short on that set up, surprisingly it went against.
Must be something wrong in identifying the correct set up.
Will practice more to correctly identify the right opportunity.

Cheers
  • #1,392
  • Feb 12, 2019 9:13am Feb 12, 2019 9:13am
Quoting jer inverno
Thank you very much FXCyborg for the knowledge sharing {image}
Thats a Sell set up but you are in an up trend my friend, look at my Buy set up at post #1376 from today on the M5 USDCHF chart. The first thing that you have to do when looking for a set up is to determine what the trend is, and be looking for an accumulation area where the 3 bar set up will happen.
  • #1,393
  • Feb 12, 2019 9:47am Feb 12, 2019 9:47am
Quoting pipsquick16
{quote} Thats a Sell set up but you are in an up trend my friend, look at my Buy set up at post #1376 from today on the M5 USDCHF chart. The first thing that you have to do when looking for a set up is to determine what the trend is, and be looking for an accumulation area where the 3 bar set up will happen.
Thanks friend, yes you're right, just plan to scalp the 5 minutes chart, OP Sell 2 position, 1 closed +5 and another 1 just hit the TP after pullback
  • #1,394
  • Feb 12, 2019 9:56am Feb 12, 2019 9:56am
would this qualify for a buy set up, as long as there is a pull back

thanks for your input.

Attached Image (click to enlarge)
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  • #1,395
  • Feb 12, 2019 10:07am Feb 12, 2019 10:07am
Quoting pipsquick16
Here is a nice Buy set up for from today's USDCHF M5 chart. We are in an up trend and you can clearly see the accumulation zone prior to the set up, then the 2 touch backs for the Buys. {image}
pipsquick nice chart.

What are you using to determine the trend? is it daily charts?
  • #1,396
  • Feb 12, 2019 10:15am Feb 12, 2019 10:15am
Quoting optitrader
{quote} pipsquick nice chart. What are you using to determine the trend? is it daily charts?
If you are trading the M1/M5, then look at the H1 and see what the trend is. The USDCHF has been in an up trend for 10-11 days or so, but the trend can change on any given day.

If you are trading on the H1 chart, then look to the H4 or D1 for the overall trend. In my Buy from today I looked at the H1 and it was very clear that it was an up trend. If the EURUSD is in a down trend which it currently is, then there is a 99% chance that the USDCHF will be in an up trend, so it pays to get to know your pairs and how they behave.
  • #1,397
  • Feb 12, 2019 10:19am Feb 12, 2019 10:19am
EURUSD M15
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Self discipline It is a practice
  • #1,398
  • Feb 12, 2019 10:22am Feb 12, 2019 10:22am
Hi,
sweet precision from this one.... I know the 2 bear bar isnt exactly the same...but support area with two bear, and close of the bull above that area.
Happy that it worked out, entry at green arrow...
Tx FxCy
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  • #1,399
  • Feb 12, 2019 10:24am Feb 12, 2019 10:24am
Quoting pipsquick16
{quote} If you are trading the M1/M5, then look at the H1 and see what the trend is. The USDCHF has been in an up trend for 10-11 days or so, but the trend can change on any given day. If you are trading on the H1 chart, then look to the H4 or D1 for the overall trend. In my Buy from today I looked at the H1 and it was very clear that it was an up trend. If the EURUSD is in a down trend which it currently is, then there is a 99% chance that the USDCHF will be in an up trend, so it pays to get to know your pairs and how they behave.

thanks for the tip
  • #1,400
  • Feb 12, 2019 10:36am Feb 12, 2019 10:36am
Quoting optitrader
would this qualify for a buy set up, as long as there is a pull back thanks for your input. {image}
There is no engulfing bar that I can see, and I personally like to see the engulfing bar engulf bar #2 by at least 25-50%, and I am only talking about the bodies now. So lets say that this is a Buy set up, and that bar #1 candle body is 20 pips, bar #2 candle body is 18 pips. So the engulfing bar should totally engulf bar #1, and close somewhere around the quarter to middle area of bar #2.

So if it engulfs bar #1 by only 1-2 pips, then to me its not a strong set up, but FX Cyborg can confirm this or not.
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