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High Level Accuracy Method With Little To NO Draw-down

  • #1,561
  • Feb 14, 2019 5:02am Feb 14, 2019 5:02am
Quoting Cossy
I Hope this is a better entry, SL and TP as this is my third trade with this strategy {image}

This trend looks bearish to me as the big red candle can be taken as reversal point on 1hr
  • #1,562
  • Feb 14, 2019 5:07am Feb 14, 2019 5:07am
Quoting KyBakka
Can u guy point out why my entry in EURJPY 15M fail ??? {image}
My take on why this failed KyBakka.
Firstly, the two bull bars are not that equal and secondly, the third engulfed both the first and second, so the set-up was not that good! FXCyborg has stated quite a few times that the reverse bar should not engulf both the first and second bars, bar three should engulf the second bar only
  • #1,563
  • Feb 14, 2019 5:35am Feb 14, 2019 5:35am
Im not trying to take any thunder away from fxcyborg but this method is no different than the up and under price pattern and the only pattern which are older threads and might help answer the newbies stupid questions better without chasing fx away. LOL He deserves credit for turning on the light for new clueless beginners. So for you all just starting out with questions you might answer them yourselves by reading those other 2 threads and remember theres nothing approaching 100 reliability
buy the rumor,sell the news
  • #1,564
  • Feb 14, 2019 5:37am Feb 14, 2019 5:37am
13 February
EU 15MIN Short
SL: 15 pips
TP1: 38 Pips
TP2: 66 Pips

Cheers @FXCyborg you're a boss!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EU15MIN.PNG Size: 37 KB
  • #1,565
  • Feb 14, 2019 5:40am Feb 14, 2019 5:40am
Quoting KyBakka
Can u guy point out why my entry in EURJPY 15M fail ??? {image}
Hey Ky,

My personal opinion is about the same as Rover's and also see the chart I provided. As you can see, the blue vertical dotted line where you had your setup was almost at the lowest point of a trendline on the 1h as well. In the 1hr , it also looks more like an uptrend to me so you were also going against the overall trend on a higher TF. Personally, I would have passed on this and been more strict with FxCyborg's rules and also watched for higher TF's S/R lvls. My "warning line" I have on here in orange is the 200EMA. Not part of Cyborg's rules but it's something that price also seems to respect on the higher TF's so that's just my personal preference. Obviously not required as per the original rules but I have it on as a small guide.

Also, in case anyone is interested, there may be a setup on this pair on the 4hr chart at 4:00 Feb 13th as price is coming back up to test previous setup.

SF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-02-14 at 6.33.00 AM.png Size: 100 KB
Click to Enlarge Name: Screen Shot 2019-02-14 at 6.33.30 AM.png Size: 99 KB
Green pips to all
  • #1,566
  • Feb 14, 2019 5:42am Feb 14, 2019 5:42am
Quoting wasntme
Im not trying to take any thunder away from fxcyborg but this method is no different than the up and under price pattern and the only pattern which are older threads and might help answer the newbies stupid questions better without chasing fx away. LOL He deserves credit for turning on the light for new clueless beginners. So for you all just starting out with questions you might answer them yourselves by reading those other 2 threads and remember theres nothing approaching 100 reliability

plus theres a little of the famous 2B pattern, which is my favorite) in this one
buy the rumor,sell the news
  • #1,567
  • Feb 14, 2019 5:50am Feb 14, 2019 5:50am
I haven’t studied this strategy in depth yet. It’s a long thread. But what I can already see something positive right off the bat is that the SL is always nearby the entry, and the TP much further.

I’d need this to work only 50% of the time, isn’t it?

Also, be cautious when evaluating a theory/strategy to not cherrypick only the times that it worked and say “It works!”. It’s good to build a good sample size to have an idea of how often it works.
  • #1,568
  • Feb 14, 2019 6:12am Feb 14, 2019 6:12am
For lerning purpose GBP/JPY 1M . My tight sl was hit, should have it bigger for this pair but setup was good. Explanation on chart
Attached Image (click to enlarge)
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  • #1,569
  • Feb 14, 2019 6:21am Feb 14, 2019 6:21am
Hi FXCyborg. I recently discovered this thread and currently i am on page 11. I must say thank you for taking out time to improve someone like me. Please check this image if what i am doing is right? I know you mention quick revisit but this is the only setup i am sure of now. Thanks
Attached Image (click to enlarge)
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  • #1,570
  • Feb 14, 2019 6:24am Feb 14, 2019 6:24am
Quoting alphabear
Hi FXCyborg. I recently discovered this thread and currently i am on page 11. I must say thank you for taking out time to improve someone like me. Please check this image if what i am doing is right? I know you mention quick revisit but this is the only setup i am sure of now. Thanks {image}
These are accumulation zones. Not everything is accumulation zones and they are not that large and big. Unless the price is going sideways accumulating and than either shoots up or down. You will see my chart and what I mean.
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  • #1,571
  • Feb 14, 2019 6:25am Feb 14, 2019 6:25am
Quoting JeBrak
For lerning purpose GBP/JPY 1M . My tight sl was hit, should have it bigger for this pair but setup was good. Explanation on chart {image}
You got hit by just a hair. I know this feeling, it sucks seeing it going your direction right after. Also when setting your SL you always have to take into consideration the spread. Whatever your SL is, put a few more pips to it
  • #1,572
  • Feb 14, 2019 6:31am Feb 14, 2019 6:31am
Quoting JeBrak
For lerning purpose GBP/JPY 1M . My tight sl was hit, should have it bigger for this pair but setup was good. Explanation on chart {image}
Hey, it's all good. We all get hit on SL sometimes. Try trading on 5 or 15 min, it is a bit easier and you will spot moves and can hold positions for couple of extra pips. The 1min chart is very hard and very fast. But you trade whatever you're comfortable with.
  • #1,573
  • Feb 14, 2019 6:32am Feb 14, 2019 6:32am
Quoting KyBakka
Can u guy point out why my entry in EURJPY 15M fail ??? {image}
To me its looks like the engulfing bar engulfs both bar 1 & bar 2, it certainly does with my broker who is Tickmill.
  • #1,574
  • Feb 14, 2019 6:43am Feb 14, 2019 6:43am
Hello all,

This looks like a promising method.... I started to read thread and learn new aproach...

I entered (few pips later) in EUR/JPY H4 with 1:5 RRR so far going good...

Forget other others, they are from other method...

Please comment FXCyborg and thank you for your willignes to share your knowledge and experiance.

Highest regards!
Attached Image (click to enlarge)
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  • #1,575
  • Feb 14, 2019 6:47am Feb 14, 2019 6:47am
Quoting Techanalyst
{quote} Hey, it's all good. We all get hit on SL sometimes. Try trading on 5 or 15 min, it is a bit easier and you will spot moves and can hold positions for couple of extra pips. The 1min chart is very hard and very fast. But you trade whatever you're comfortable with.
Thank you
Actually, I observe from 5M to 1H charts but I execute my trades from 1M (I am used to).
  • #1,576
  • Feb 14, 2019 7:19am Feb 14, 2019 7:19am
hello FXCyborg...this has been bothering me all night...i am presenting 2 charts...both gbpjpy 5 min...one shows a bull setup followed by a bear setup

i am wondering how you would handle this...is the first setup that triggers an entry make any following potential setups null? is the one after still valid? please advise...as always it is greatly appreciated

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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"the fool and the prophet walk hand in hand..."
  • #1,579
  • Feb 14, 2019 8:11am Feb 14, 2019 8:11am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #1,580
  • Feb 14, 2019 8:14am Feb 14, 2019 8:14am
Quoting dominus
Hey Guys, How are you scanning for setups? Are you going through all the pairs on a higher TF (30min, 1h etc.) looking for a trend, then when one is found, switching to a lower TF (1m, 5m) looking for an accumulation zone and engulfing pattern? I somehow feel very ineffective when I'm looking for setups. Just thought maybe you have some tips and tricks. Thanks.
hi dominus...that depends on your trading style...some people like to sit in front of their charts all day long while others only do this part time or don't have the time to dedicate the hours...

personally, i like to scan 5min and 15min charts and shoot for 10-25 pips

on higher time frames like 1 hour and 4 hour, those setups tend to yield much higher amount of pips...if you spot a setup on the higher time frames then you would check the lower time frames(1min and 5min) to narrow your entry point...read the posts from FXCyborg for clarification

k
"the fool and the prophet walk hand in hand..."
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