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High Level Accuracy Method With Little To NO Draw-down

  • #1,761
  • Feb 17, 2019 3:05am Feb 17, 2019 3:05am
Quoting DailyChart
{quote} Thanks FXC, The red circle you mark one is the setup ? not another one ? Thanks
thats why i put an X next your circle.
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  • #1,762
  • Feb 17, 2019 3:06am Feb 17, 2019 3:06am
Quoting bigbasho
Thank you Fxcyborg. Really and eye opener after going through all. I hope i got this right {image} {image}
no, youre making the same mistake as before.. and dont use tiny images pls.
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  • #1,763
  • Feb 17, 2019 3:10am Feb 17, 2019 3:10am
Quoting FXCyborg
{quote} I dont even see your setup. and pls do them as images. thx
Its the one with the red arrow. I also draw a 123 .
Any way , Thanks for looking. I'll keep lurking and learning
  • #1,764
  • Feb 17, 2019 3:39am Feb 17, 2019 3:39am
Quoting FXCyborg
{quote} no, its not, sorry, i never show my setups where the engulfing bar engulfs all bars
Noted!
  • #1,765
  • Feb 17, 2019 4:03am Feb 17, 2019 4:03am
Quoting NevFX
https://youtu.be/BRxVJoSLeOc Just took a small trade on EURUSD m5 chart. The #1 candle wasn't a similar sized body to the #2 but I mitigate that with the prevailing trend and also some other personal analysis.
Hardly to see what this video has to do with this thread, and please know that promoting here your commercial youtube channel is impolite. Have some respect for the thread starter. Please.
  • #1,766
  • Edited 4:32am Feb 17, 2019 4:17am | Edited 4:32am
Quoting fxLoveLots
Greetings, FXCyborg. I'm just trying to understand these 3 examples of yours, why there are valid. In my understanding they contrast the rule that the engulfing bar must not engulf both bars. Could you please help me in clearing my confusion. Appreciate you taking your precious time to help us Thank you dearly, fxLoveLots https://www.forexfactory.com/showthread.php?p=11957642#post11957642 https://www.forexfactory.com/showthread.php?p=11957667#post11957667 https://www.forexfactory.com/showthread.php?p=11957674#post11957674...
Hi FXC, can you comment on the three examples you showed here. You said third bar cannot engulf the second bar but these three examples clearly engulfed all the bars in a strong way. Are they invalid setups?
  • #1,767
  • Feb 17, 2019 4:21am Feb 17, 2019 4:21am
Quoting CrocodileRex
{quote} Hi FXC, can you comment on the three examples you showed here. You said third bar cannot engulf the second bar but these three examples like clearly engulfed them in. Strong way. Are they invalid setups?
Yup...i also confuse on that (third bar cannot engulf the second bar)...need help and explanation from FXC... thank you...
  • #1,768
  • Feb 17, 2019 4:41am Feb 17, 2019 4:41am
Quoting CrocodileRex
{quote} Hi FXC, can you comment on the three examples you showed here. You said third bar cannot engulf the second bar but these three examples clearly engulfed all the bars in a strong way. Are they invalid setups?
I'm sorry, but im not going to reexplain what was already explained.
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  • #1,769
  • Feb 17, 2019 4:44am Feb 17, 2019 4:44am
So Ladies and Gentleman.

I can see where some of you are going wrong, taking on setups that engulf both bar 1 and 2... I had stated from the start, find your setups within setups. MOST of you are not doing this.. hence the confusion.

So here are a couple of images for the GBPUSD of a setup that happened the other day.. THIS IS YOUR PERFECT SETUP LAYOUT...

First image is the setup on 15 Min... I found the accumulation zone... but is it really an area where sellers will sell from? How can we find out.
We do what I did in the 2nd image. I went from 15 min to 5 min and didn't find one, so I moved to the 1 min and look what we have here?

The perfect setup!
8.25:1 R:R

Enjoy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17-gbpusd-15min-sell-setup.PNG Size: 90 KB
Click to Enlarge Name: 17-gbpusd-1min-sell-setup-withinsetup.PNG Size: 83 KB
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  • #1,770
  • Feb 17, 2019 4:57am Feb 17, 2019 4:57am
Here's another

First image step 1 - find the setup

Second image step 2 - go to lower time frame to find if setup is within the setup

Third image step 3 - mark out your TP Levels

step 4 - give the banks the middle finger as you collect
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18a-nzdusd-15min-step1-find-the-setup.PNG Size: 77 KB
Click to Enlarge Name: 18B-nzdusd-5min-step2-find-setup-within-setup.PNG Size: 102 KB
Click to Enlarge Name: 18C-nzdusd-5min-step3-find-the-tp-levels.PNG Size: 77 KB
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  • #1,771
  • Feb 17, 2019 5:10am Feb 17, 2019 5:10am
Here's an exercise for you who ever wants to try it out.

Notice the blue box. See how the 3rd bar engulfs both bodies of bar 1 and 2?

Invalid right?

OK, now go down to the 5 min and 1 min and send me your screen shots of your findings

We need more of you on the same page here.

ATB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
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  • #1,773
  • Feb 17, 2019 5:36am Feb 17, 2019 5:36am
If i have understood correct. On M5 there is a setup maybe with candles not similar enough and price doesnt return, but on M1 there is a correct setup before the M5 engulfing candles that would have been good. (but if we are looking on M15 we would miss this entry as it comes before the M15 setup)
Is this right?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD.EM5.png Size: 63 KB
Click to Enlarge Name: AUDUSD.EM1.png Size: 71 KB
It takes time
  • #1,774
  • Feb 17, 2019 5:45am Feb 17, 2019 5:45am
Quoting galactico
If i have understood correct. On M5 there is a setup maybe with candles not similar enough and price doesnt return, but on M1 there is a correct setup before the M5 engulfing candles that would have been good. (but if we are looking on M15 we would miss this entry as it comes before the M15 setup) Is this right? {image} {image}
15 Min is irrelevant because the price is made up of ticks, which is then compressed into 1 min time frame bars and so on - thats why we go back to the lower time frames to optimize our entries and now you can see why this didn't work out..

You were also looking for a sell in an uptrend, we dont do it like that
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 176 KB
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  • #1,775
  • Feb 17, 2019 5:46am Feb 17, 2019 5:46am
Quoting FXCyborg
Here's an exercise for you who ever wants to try it out. Notice the blue box. See how the 3rd bar engulfs both bodies of bar 1 and 2? Invalid right? OK, now go down to the 5 min and 1 min and send me your screen shots of your findings We need more of you on the same page here. ATB {image}
My Findings Master FXCyborg,

I couldn't make observations on the 5 Min Charts. Correct them as you see fit...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 53 KB


Thanks
  • #1,776
  • Feb 17, 2019 5:47am Feb 17, 2019 5:47am
Quoting FXCyborg
{quote} 15 Min is irrelevant because the price is made up of ticks, which is then compressed into 1 min time frame bars and so on - thats why we go back to the lower time frames to optimize our entries and now you can see why this didn't work out.. You were also looking for a sell in an uptrend, we dont do it like that {image}
here's your sell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 175 KB
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  • #1,777
  • Feb 17, 2019 5:49am Feb 17, 2019 5:49am
Quoting FXCyborg
So Ladies and Gentleman. I can see where some of you are going wrong, taking on setups that engulf both bar 1 and 2... I had stated from the start, find your setups within setups. MOST of you are not doing this.. hence the confusion. So here are a couple of images for the GBPUSD of a setup that happened the other day.. THIS IS YOUR PERFECT SETUP LAYOUT... First image is the setup on 15 Min... I found the accumulation zone... but is it really an area where sellers will sell from? How can we find out. We do what I did in the 2nd image. I went from...
Hi FXC,

The problem now is what time is the most possible we find this setup as we can not just do monitor price every 15m 5m or even 1m right ?
  • #1,778
  • Feb 17, 2019 5:50am Feb 17, 2019 5:50am
Quoting aaven
{quote} My Findings Master FXCyborg, I couldn't make observations on the 5 Min Charts. Correct them as you see fit... {image} {image} Thanks
hmm, really? try looking again it sticks like like a sore thumb
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  • #1,779
  • Feb 17, 2019 5:51am Feb 17, 2019 5:51am
Quoting DailyChart
{quote} Hi FXC, The problem now is what time is the most possible we find this setup as we can not just do monitor price every 15m 5m or even 1m right ?
how is it a problem? I'd just get on the charts and load them all up and find setups... too easy!
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  • #1,780
  • Feb 17, 2019 6:00am Feb 17, 2019 6:00am
Quoting FXCyborg
{quote} hmm, really? try looking again it sticks like like a sore thumb
Yes Master FXCyborg...

How many cycles of pattern within pattern should one must apply?

Example:

Case 1:

If we are trading 4HR Charts, we switch to hourly and if we find the same pattern on hourly, we trade{of course-fine tuning by still going down to 15 Min etc..}

Case 2:

If we are trading 4HR Charts, we switch to hourly and if find the same pattern on hourly, now switch to 15 Min TF, if on 15 Min TF we do not find the pattern, do we scrap the trade?

Is it case 1 or case 2?

Thanks
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