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High Level Accuracy Method With Little To NO Draw-down

  • #1,821
  • Feb 18, 2019 1:46am Feb 18, 2019 1:46am
Quoting FXCyborg
As it happens - live.. see attached {image}
Hi FXCyborg,

In the set-up highlighted here the bullish engulfing bar (3rd bar) engulfs both the bearish bars to its left. It does not invalidate the set-up?

Thank you
  • #1,822
  • Feb 18, 2019 1:51am Feb 18, 2019 1:51am
Quoting FXCyborg
Live as it happens - See attached {image}
Hi FXCyborg,

Here too the the engulfing bar (3rd bar) engulfs both the previous bars and you have described it as a perfect set-up. That clears up things
for me.

Thanks again
  • #1,823
  • Feb 18, 2019 2:00am Feb 18, 2019 2:00am
Quoting rajandaas
{quote} Hi FXCyborg, Here too the the engulfing bar (3rd bar) engulfs both the previous bars and you have described it as a perfect set-up. That clears up things for me. Thanks again
Hi,

Sorry I misread. You said that it was not a perfect set-up due to the small body of the first bull bar.

Does it matter if the two bars preceding the engulfing bar have either upper or lower wicks or have both upper and lower wicks?

I have not uploaded any charts so far because I don't know how to do it. I will get my daughter to teach me when she comes home next.

Thanks
  • #1,824
  • Feb 18, 2019 2:20am Feb 18, 2019 2:20am
Quoting FXCyborg
{quote} where was your first and second setup? I cant really see... and one of those setups is not valid as its engulfing the 2nd bar too
Hi FXC,

hopefully this time it will be better from my side. I haven´t read all posts yet. I found 3 bar setup on 15 min EURUSD. I did not find the setup on 5 min TF so looked at 1m. There was a setup so I took it. I set Sl for breach line + 2 pips, TP1 at previous structural high. I got TP, RRR was 1:2. Can we judge this trade as setup in setup? Thank you a lot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 33 KB
Click to Enlarge Name: EURUSDM1.png Size: 35 KB
  • #1,825
  • Feb 18, 2019 3:19am Feb 18, 2019 3:19am
Quoting majrou666
{quote} Hi FXC, hopefully this time it will be better from my side. I haven´t read all posts yet. I found 3 bar setup on 15 min EURUSD. I did not find the setup on 5 min TF so looked at 1m. There was a setup so I took it. I set Sl for breach line + 2 pips, TP1 at previous structural high. I got TP, RRR was 1:2. Can we judge this trade as setup in setup? Thank you a lot. {image} {image}
For the given TPs it is OK. but a major sell is being alerted in my system around 1.1322 Till 1.1270 Happy Trading
Watch market as a layman, Do have a opposit trade what ur mind suggest ;-)
  • #1,826
  • Feb 18, 2019 4:17am Feb 18, 2019 4:17am
Waiting for test of red line, and a nice bounce south again :-).
GBP JPY 5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP JPY waiting.JPG Size: 46 KB
  • #1,827
  • Feb 18, 2019 4:34am Feb 18, 2019 4:34am
Quoting kojak
Waiting for test of red line, and a nice bounce south again :-). GBP JPY 5 min chart{image}
Isn't the trend up? We shouldn't be trading against the trend.
  • #1,828
  • Feb 18, 2019 4:42am Feb 18, 2019 4:42am
Hi FXC,

Here I would also like for you to see my Chart and comment

Thank you in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FXC3.png Size: 90 KB
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #1,829
  • Feb 18, 2019 5:00am Feb 18, 2019 5:00am
It seems that if you have to study it too hard, if you have to squint, or reconsider it too many times, its a pass. If it don't stick out like a sore thumb, pass on it....that's my opinion...
Look Sharp/Trade Tight
  • #1,830
  • Feb 18, 2019 5:03am Feb 18, 2019 5:03am
saw this one this morning on the AU, but when I peaked inside, didn't see anything interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 74 KB
Look Sharp/Trade Tight
  • #1,831
  • Feb 18, 2019 5:11am Feb 18, 2019 5:11am
also looked at this on EJ, took a peak inside the 4hr engulf, found something mildly interesting, but it looked like it may have been played, and was not so clear on my 4hr read.....passed...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 87 KB
Click to Enlarge Name: EURJPYH4.png Size: 78 KB
Look Sharp/Trade Tight
  • #1,832
  • Feb 18, 2019 5:14am Feb 18, 2019 5:14am
Here is my entry today
USDCAD - M30- Sell
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 58 KB
  • #1,833
  • Feb 18, 2019 5:23am Feb 18, 2019 5:23am
Quoting fahedksa
Here is my entry today USDCAD - M30- Sell {image}
I don't see anything interesting inside, and the bull bars are not the right size really, and I don't see any consolidation either, I'd pass myself....but good luck...
Look Sharp/Trade Tight
  • #1,834
  • Feb 18, 2019 5:40am Feb 18, 2019 5:40am
Hello, may I have a question? See picture below. Do you think it was a correct entry short after setup formed? The price dropped and came back to the line. I spotted this setup later so I could not take it. Finally it worked to the TP1. I will have to study more about profit taking. Thank you.

Edit: What level is right to take a trade when the close of 1. bar is different to open of 2. one? cheers
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (89 Tick) 2019_02_18 (12_05_20).png Size: 93 KB
  • #1,835
  • Feb 18, 2019 5:43am Feb 18, 2019 5:43am
MTF analysis
H1 chart looking for a rejection of price
H1 line chart looking for possible closes
m5 chart for spotting a 123 pattern
m1 chart for looking to get in on a retest of the entry level
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-02-18 at 11.41.11.png Size: 214 KB
  • #1,836
  • Feb 18, 2019 6:28am Feb 18, 2019 6:28am
Short after I closed my trade new setup formed on YM (89 tick). I was waiting for price to rise and come back to the entry level. Worked well.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (89 Tick) 2019_02_18 (13_23_56).png Size: 88 KB
  • #1,837
  • Feb 18, 2019 7:04am Feb 18, 2019 7:04am
this 30 min/1min combo seems optimal, I think...missed it however....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFM30.png Size: 69 KB
Click to Enlarge Name: USDCHFM1.png Size: 77 KB
Look Sharp/Trade Tight
  • #1,838
  • Feb 18, 2019 7:23am Feb 18, 2019 7:23am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 2-18-2019.png Size: 34 KB
  • #1,839
  • Feb 18, 2019 7:33am Feb 18, 2019 7:33am
Quoting Geges
{image}
Hi Geges, isn't it against the trend? I noticed the setup also but did not liked the second bull candle at at all so I left that one. I wish you get your profit though
  • #1,840
  • Feb 18, 2019 7:39am Feb 18, 2019 7:39am
I think it could be a short term pullback in long term downtrend..so trying to catch top short...if I'm wrong I got SL in place.
Cheers.
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