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High Level Accuracy Method With Little To NO Draw-down

  • #1,621
  • Feb 14, 2019 10:46pm Feb 14, 2019 10:46pm
This one failed.
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  • #1,622
  • Feb 14, 2019 11:26pm Feb 14, 2019 11:26pm
Already closed 30 pips and lock now
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,623
  • Feb 14, 2019 11:39pm Feb 14, 2019 11:39pm
Hi fellow Traders

Is this a valid short setup?

I still have confusion of what constitute a structural low.

If there are posts thats explain that very well, i will be glad if someone can refer me to. I have read post 1 again and again, but I still can't get this right.

Kind Regards

Abzozo1
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  • #1,624
  • Feb 15, 2019 12:12am Feb 15, 2019 12:12am
Quoting ejiexe
Already closed 30 pips and lock now {image}
Stop out on the remaining at 6 pips and I re-enter again at our entry level. I am at breakeven now. risk free trade now
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,625
  • Feb 15, 2019 12:40am Feb 15, 2019 12:40am
Quoting Abzozo1
Hi fellow Traders Is this a valid short setup? I still have confusion of what constitute a structural low. If there are posts thats explain that very well, i will be glad if someone can refer me to. I have read post 1 again and again, but I still can't get this right. Kind Regards Abzozo1 {image}
Yep, good to me

A structured low is just a low pivot, place TP at bar close (opposite of course for high)
  • #1,626
  • Feb 15, 2019 1:27am Feb 15, 2019 1:27am
Thanks rover99X
  • #1,627
  • Feb 15, 2019 3:06am Feb 15, 2019 3:06am
Hello All

Do we have a long setup here?

Kind Regards

Abzozo
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  • #1,628
  • Feb 15, 2019 3:17am Feb 15, 2019 3:17am
Hi All

Another possible setup?
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  • #1,629
  • Feb 15, 2019 3:35am Feb 15, 2019 3:35am
Quoting Abzozo1
Hi All Another possible setup? {image}
If you re-read post one, FXCyborg recommended putting TPs at open/closes Abzozo1 not at top/bottom of wicks!

"PLACING YOUR TP's (Take Profit Levels).

Here's the easiest part.

Locate the previous structural high. Locate the closes/open of those two bars that forms that structural high and put your TP there.

REPEAT & SPIN - & KICK BUTT!"
  • #1,630
  • Feb 15, 2019 3:42am Feb 15, 2019 3:42am
Hi Rover99x

Ooh, thanks a million, for that input.

So is it supposed to look like this ( please see chart). In this case, is it TP 1 or TP 2?

Kind Regards

Abzozo
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  • #1,632
  • Feb 15, 2019 4:26am Feb 15, 2019 4:26am
Thanks for generously giving these indicators.
(they look good. I am writing my own, (for the fun of it), and it's really difficult determining valid sizes and context, so looks like you've put a lot of effort into them.)

I know FXCyborg was insistent not to have people load indicators without his permission.
Are they with FXCyborgs approval, or are you going maverick?
  • #1,633
  • Feb 15, 2019 4:45am Feb 15, 2019 4:45am
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CJ, UJ, GJ
  • #1,634
  • Feb 15, 2019 4:47am Feb 15, 2019 4:47am
Quoting Abzozo1
Hi Rover99x Ooh, thanks a million, for that input. So is it supposed to look like this ( please see chart). In this case, is it TP 1 or TP 2? Kind Regards Abzozo {image}
Yep, as you'll see on FXCyborg's chart here:-

https://www.forexfactory.com/attachment.php?attachmentid=3197178&d=1549183885


But you've got no trade there yet as price hasn't re-visited the buy ! If you had a trade I would take TP2
You could drop down a time-frame or two to see if you would have had an entry .........
  • #1,635
  • Feb 15, 2019 4:56am Feb 15, 2019 4:56am
Time to get out as the price is hesitating
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,636
  • Feb 15, 2019 5:06am Feb 15, 2019 5:06am
GBP/AUD 1H explanation on chart
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  • #1,637
  • Feb 15, 2019 5:54am Feb 15, 2019 5:54am
Is it now time to give up on this setup and look for a fresh one?
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  • #1,638
  • Feb 15, 2019 5:56am Feb 15, 2019 5:56am
Quoting failedbid
Is it now time to give up on this setup and look for a fresh one? {image}
By rules the setup is not valid . Bearish candle shouldn't engulf both bullish .
  • #1,639
  • Feb 15, 2019 6:02am Feb 15, 2019 6:02am
Quoting JeBrak
{quote} By rules the setup is not valid . Bearish candle shouldn't engulf both bullish .
Right. Thank you
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