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High Level Accuracy Method With Little To NO Draw-down

  • #1,681
  • Feb 16, 2019 3:12pm Feb 16, 2019 3:12pm
Quoting us fantasy
{quote} thanks for sharing details but feel it less facts. you did nt mentioned same sessions or wat? you did nt mentioned pairs name? as well as if you put your closed trades then your answer will be worth to us. pls open your mt4 and go to your closed trade history then click and drag your closed trade on to chart area. then we can see clearly your entry and exit.. it helps to people here. more green pips mate!!!

USfantasy,

I've edited my post to include more detail including a screen shot of one of my trades.

On this occasion my post isn't to educate but rather encourage, I have nothing to gain or lose.

All the best

D...
  • #1,682
  • Feb 16, 2019 3:24pm Feb 16, 2019 3:24pm
Quoting Simply-Me
{quote} Hi Dane,nice trading.Would you share with us your MM strategy on those trades?

Simply-Me,

Thanks...

Some of my ideas around money management when looking at R:R (Risk to reward);

Market structure
Instrument being traded
Time frame

All the best

D...
  • #1,683
  • Feb 16, 2019 3:38pm Feb 16, 2019 3:38pm
Quoting Dane
{quote} Aaven. Thanks... I watch the session that starts with the London open. This week I traded four sessions, I place set and for get trades over an hour or two dependent on what is happening with the markets The trades I took are all in line with FXC's ideas including trading with the trend All the best D...
Thanks Dane...
  • #1,684
  • Feb 16, 2019 5:52pm Feb 16, 2019 5:52pm
Hi FX Cyborg

I'm just sharing an example of a setup. Thanks for this, its amazingly simple and I love the simplicity of it, just gotta lock it down in terms of multi time frame drawdown reduction. I would also like to catch it at the different swing cycle points.
Attached Image
  • #1,685
  • Feb 16, 2019 8:04pm Feb 16, 2019 8:04pm
Quoting Dane
Hi, Here's a review of trades I did over four sessions Session 1 10 pending orders placed 2 wins, 3 losses, 5 pending (deleted) Net 80 pips Risk to reward 1:4 and 1:5 Session 2 9 pending orders placed 4 wins, 1 loss, 4 pending (deleted) Net 114 pips Risk to reward 1:3 Session 3 6 pending orders placed 3 wins, 2 losses, 1 pending (deleted) Net 152.4 pips. Note: One trade did 90 pips on a 1:2 so lower lots Session 4 9 orders placed 5 wins, 1 loss, 3 pending (deleted) Net 407.6 pips Note: DOW trade left to run, three trades at 1:3 one trade at 1:4...

Hi Dane,

A few questions regarding the trade that you posted the picture of...

1. You said that you start looking for setups at London open and set your pending orders and leave them - how long do you leave the pending orders open before you cancel them?
2. A more specific question regarding the trade shown in the picture - why didn't you take the first entry immediately after the 3 candle setup? Were you just too late?

Thanks....Dan
  • #1,686
  • Feb 16, 2019 9:01pm Feb 16, 2019 9:01pm
Dane seems to be the only person that has read all of the posts and is properly applying the entry technique.

Price is supposed to move away from the setup and then come back to it. You could take the immediate pullback a couple bars after the setup, and the trade would have been profitable. But that’s not what the thread is about.

It blows my mind how many charts are posted that
have indicators, no engulfing bars, massive engulfing bars, no price movement away from the original setup etc. after OP was so insistent on reading the original post and only posting charts that resemble his lol. I originally thought he sounded like a jackass, but I guess he knew what was going to happen to this thread if he hadn’t laid out the rules. And he wa right lol.

Anyway, nice trades Dane.


Quoting Tripper
{quote} Hi Dane, A few questions regarding the trade that you posted the picture of... 1. You said that you start looking for setups at London open and set your pending orders and leave them - how long do you leave the pending orders open before you cancel them? 2. A more specific question regarding the trade shown in the picture - why didn't you take the first entry immediately after the 3 candle setup? Were you just too late? Thanks....Dan
  • #1,687
  • Feb 16, 2019 9:14pm Feb 16, 2019 9:14pm
Quoting jack411
Dane seems to be the only person that has read all of the posts and is properly applying the entry technique. Price is supposed to move away from the setup and then come back to it. You could take the immediate pullback a couple bars after the setup, and the trade would have been profitable. But that’s not what the thread is about. It blows my mind how many charts are posted that have indicators, no engulfing bars, massive engulfing bars, no price movement away from the original setup etc. after OP was so insistent on reading the original post and...
Did you read all post 1?

Attached Image (click to enlarge)
Click to Enlarge Name: t.jpg Size: 80 KB
  • #1,688
  • Feb 16, 2019 9:25pm Feb 16, 2019 9:25pm
Quoting cfudge
{quote} Did you read all post 1? {image}
Just saying, there is a qn regarding M30 tf asking why not enter in the next few bars after the setup:

https://www.forexfactory.com/showthread.php?p=11975060#post11975060

The M30 example in the first post dont seem to wait for price to move far away and return imo.
  • #1,689
  • Feb 16, 2019 9:37pm Feb 16, 2019 9:37pm
Quoting Tripper
{quote} Hi Dane, A few questions regarding the trade that you posted the picture of... 1. You said that you start looking for setups at London open and set your pending orders and leave them - how long do you leave the pending orders open before you cancel them? 2. A more specific question regarding the trade shown in the picture - why didn't you take the first entry immediately after the 3 candle setup? Were you just too late? Thanks....Dan

Tripper,

Typically I check back just before the New York session closes.

We want price to move away and come back to prove that this area is important, we want to be on the right side of the process happening behind the scenes.

You're welcome!

D...
  • #1,690
  • Edited Feb 17, 2019 12:18am Feb 16, 2019 10:09pm | Edited Feb 17, 2019 12:18am
Quoting jack411
Dane seems to be the only person that has read all of the posts and is properly applying the entry technique. Price is supposed to move away from the setup and then come back to it. You could take the immediate pullback a couple bars after the setup, and the trade would have been profitable. But that’s not what the thread is about. It blows my mind how many charts are posted that have indicators, no engulfing bars, massive engulfing bars, no price movement away from the original setup etc. after OP was so insistent on reading the original post and...
Jack411,

Thanks...

Spot on, I've taken the time to read, understand and test what everyone else here has access to.

Trading is a very personal journey, the reality is it can take years to achieve any sort of success. Why?? The incontrovertible truth is that human beings aren't blessed with amazing patience or discipline, more importantly the market makers and the institutions know this!

Patience and discipline rule over everything else, without these two qualities it matters little what method, strategy or edge you have, you will lose!

For those asking questions, may I make a suggestion that you start your trading training by going to post 1 and not only read through the whole thread but make sure you "understand" and test the ideas presented by FXC, as I have.

Patience and discipline rule!!

Respect to FXC

All the best

D...
  • #1,691
  • Feb 16, 2019 10:10pm Feb 16, 2019 10:10pm
Quoting cfudge
{quote} Did you read all post 1? {image}
Yes
the small red bar between first and second touch is a small pullback away from the setup. It will look bigger on a 5m or 1m timeframe. It’s a small movement away on that example, but it does move away.
  • #1,692
  • Feb 16, 2019 10:15pm Feb 16, 2019 10:15pm
Agreed
the most important part is understanding the ‘why’ behind the setup. Price moves away then comes back to the setup area. OP specifies the important areas to look for the formation and even the criteria for the formation itself - engulfing candle engulfs just one of the other setup candles.

Understanding why is the important part though. And I think OP tried to explain that in several posts.




Quoting Dane
{quote} Jack411, Thanks... Spot on, I've taken the time to read, understand and test what everyone else here has access to. Trading is a very personal journey, the reality is it can take years to achieve any sort of success. Why?? The incontrovertible truth is that human beings aren't blessed with amazing patience or discipline, more importantly the market makers and the institutions know this! Patience and discipline rule over everything else, without these two qualities it matters little what method, strategy or edge you have, you will lose! For...
  • #1,693
  • Feb 16, 2019 10:19pm Feb 16, 2019 10:19pm
Quoting cfudge
{quote} Did you read all post 1? {image}
cfudge,

The M30 has a very different dynamic to the M5.

The questions you ask can be answered by you testing these out for yourself then posting your own trades for a critique.

A question for you, when learning to ride a bike, what one thing did you do that gave you confidence to ride?

All the best

D...
  • #1,694
  • Feb 16, 2019 10:50pm Feb 16, 2019 10:50pm
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...
@OP: I'm still a rookie member so they won't let me like things yet, but I definitely plan on subscribing to this thread to come back and learn from it. I got a bunch of books on trading and hopefully will be working with a mentor soon, but any advice I can also take from you would be greatly appreciated! I'm off to bed but I'll be back to study this thread tomorrow!
<i>hungry for knowledge, hungrier for profit</i>
  • #1,695
  • Feb 16, 2019 10:55pm Feb 16, 2019 10:55pm
supply and demand power!
this is like over & under strategy by paracurve, right? or RTM?
  • #1,696
  • Feb 16, 2019 11:35pm Feb 16, 2019 11:35pm
Hi, Dear Mr.X

thanks for your golden heart and sharing.

please forgive me for I can't guarantee that this question hasn't been raised before although I did cover almost 50 pages.

here is the chart that I feel your notation seems not best fitting your rules. please see the chart, and thanks in advance.
it is the 11th chart on 1st page.


Quoting FXCyborg
Here is the setup... however, Bull bar #2 is not of the same or near body size as Bull Bar #1 You have to remember, the area you drew in on the far right has no bearish engulfing pattern formed and the two recent Bull bars are not of same or near body sizes. I hope this image below helps? P.S Having saying all that, the pin bar next to the setup was triggered ATB {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 11.png Size: 316 KB
  • #1,697
  • Feb 17, 2019 12:04am Feb 17, 2019 12:04am
Hi everyone,

I trust everyone is enjoying their weekend

Some have thought I disappeared because I have not been on here for a few days. Sorry Ladies & Gents, but I do have a life to keep and it doesn't revolve around Forex or Forex Factory.

I will when I get time participate to help those who have stuck to the help guidelines... lately, some haven't, so I will have to do some thread cleaning and answer any posts that have images.

I have also updated the first post. I'll also update it with a point of interest - quick links for you to read over to help you skip through some other stuff on here that I feel is not really going to help you much.

ATB

GUIDELINES/RULES OF THIS THREAD

NO TROLLING
1. No Trolling. Don't ruin this for everyone else. Just because the Troll is unable to see sense or is having a hard time understanding to make PIPS in the Markets, does not mean it does not work. Keep those lame thoughts to yourself. There are others here who want to learn. Don't ruin it for them. Listen. Trolls or not. I will help you, just put the effort in and I will help you become less frustrated with a very easy concept to master.

POSTING YOUR EXAMPLES
2. A lot of you (thx by the way for submitting your examples) are not posting the charts in the SAME manner as I have. Look at how clean my chart is. Look at how clean the labels are. When you're posting your examples, label them as I have as if you were teaching me how to do it. This will allow me to see where your view point is coming from and allow others to view and understand your setup examples.
Any examples that are not posted in the same manner as mine, will be ignored.

KEEP THREAD ON TOPIC
3. If I see any posts that are not on topic they will be set to IGNORE. So If you see a bunch of posts that have been hidden. It's not because they were rude, or alike, though some have been. The ignore is being used to keep the thread clean. This thread should be covered in IMAGE EXAMPLES, not text on their own.
I have received countless PM's here on FF asking that those of you who are posting is to follow the guidelines in the method shown to the letter. And not to go off topic asking about indicators, time frames, etc. All that you need to know is contained in these images - and this page. DO NOT OVER COMPLICATE THIS... Granted you may feel your questions are necessary and related, but 90% of them here are not. The line I go over where I feel they are not, is if people are not posting images of their back-testing or forward testing examples. If a person comes back and replies to such post asking them how they found it, that's acceptable.. but to go off on a different note not related, is not acceptable.

So stay on topic, post your back-testing and forward testing examples as you found them. The more of you who do this, not only will allow you and everyone else to learn this method easily and quite quickly, it'll turn into a sentiment thread, a heads up on up and coming - real time setups that we can talk about.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,698
  • Feb 17, 2019 12:13am Feb 17, 2019 12:13am
Quoting ExpertLevel
supply and demand power! this is like over & under strategy by paracurve, right? or RTM?
No, The Over & Under (Quasimodo) was not developed by him. The Quasimodo method was around before he... paracurve was around trading. As that too with RTM (who dont' really know how to read the markets properly).
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,699
  • Feb 17, 2019 12:16am Feb 17, 2019 12:16am
Quoting x0xindy
{quote} @OP: I'm still a rookie member so they won't let me like things yet, but I definitely plan on subscribing to this thread to come back and learn from it. I got a bunch of books on trading and hopefully will be working with a mentor soon, but any advice I can also take from you would be greatly appreciated! I'm off to bed but I'll be back to study this thread tomorrow!
Welcome

Throw those Books away, they are designed to make you lose. They are illustrations... NOT actual FACTS and or REAL Experience that explains what's in these Books. Market Makers and alike read all these, they know every method out there, or at least very similar ones to another. That's when they target you guys who is using such methods blindly without really taking notice of the underlining price...

So throw them away and learn raw price action... I'm not talking about candle patterns per say, but now price really works and why price comes back to levels before dropping off that price point.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #1,700
  • Feb 17, 2019 12:19am Feb 17, 2019 12:19am
Quoting C4Real1
Hi FX Cyborg I'm just sharing an example of a setup. Thanks for this, its amazingly simple and I love the simplicity of it, just gotta lock it down in terms of multi time frame drawdown reduction. I would also like to catch it at the different swing cycle points. {image}
Well done, i see the TP's got hit.. in your next set of images, kindly label your TP levels.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
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