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High Level Accuracy Method With Little To NO Draw-down

  • #1,861
  • Feb 18, 2019 12:23pm Feb 18, 2019 12:23pm
Quoting fahedksa
CADJPY - SELL - 15M What you think friends about these entry: Actually i made many mistakes in & out but just practicing ,what confuse me that looks like we have 2 setup? {image}
Hi, thx for your submission... i would like you to read my posts ONLY... ignore everyone elses. pls take the time to read mine, you'll see where you went wrong.

ATB
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  • #1,862
  • Feb 18, 2019 12:25pm Feb 18, 2019 12:25pm
Quoting kylehaman
Would you like to see a stronger engulfing candle or is this valid? {image}
Hi

Thanks.. I see the Entry & TP was hit

That's ok, but if you find ones that are a bit stronger but doesn't engulf the 1st bar, thats ok too.

ATB
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  • #1,863
  • Feb 18, 2019 12:26pm Feb 18, 2019 12:26pm
Quoting CrocodileRex
{quote} The problem with this statement is FXCyborg himself also posts examples where the third bar engulfs both the first and second bar. here are two examples where the setup bars are engulfed for the first and second bar. It would be better if he himself states what is the scenarios to take those. {image} {image}
Because i do what most of you are NOT doing. I go down a time frame.
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  • #1,864
  • Feb 18, 2019 12:26pm Feb 18, 2019 12:26pm
Quoting togr
{quote} Hi, thank you for providing your know how. Unlike many others you are able to clearly explain your setup. I have a question though,where should we enter the trade? Let's assume there is first bull bar, 2nd bull bar and 3rd bear bar. Should I wait for bars to close to get the setup finished and then wait for next touch of the price? I am adding image to make it more clear. {image}
Togr Hi,. Sorry Pal but The Set Up is wrong,
1) the 2 bullish candles are not of similar BODY size
2)The bearish engulfing should only engulf the 2nd (top) bullish candle body and not the whole of the 1st (bottom) candle too. Its ok to go part way into the 1st bullish,
3)there was no retrace back to the bullish midway of open/close
However the set up further down around the 1.71530 level is what you want to be aiming for. ticking all the above boxes and yielded 50 pips approx.
Its pretty simple really.
Good luck
  • #1,865
  • Feb 18, 2019 12:30pm Feb 18, 2019 12:30pm
Quoting kylehaman
The gray box is what I thought to be an accumulation area on 15M chart, no setups though. Went down to a 1M chart and this is what I found. Thank you for your time and passing along this great information. {image}
Hard to really see, if you can show the charts on the main time frame and point out the setup, as well as the time frames you're moving down to, i'll be able to pin-point what's going on.

thx
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  • #1,866
  • Feb 18, 2019 12:33pm Feb 18, 2019 12:33pm
Quoting Geges
{quote} {image}
Perfect setups come from 1. trend direction. 2. finding the setup that goes with the trend direction.

a lot of us here are doing it the opposite way. go with the trend, dont fight it.
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  • #1,867
  • Feb 18, 2019 12:34pm Feb 18, 2019 12:34pm
Quoting fahedksa
CADJPY - Sell Update : Exit looks like wrong decision. {image}
Look at my post about structure highs and lows for your TP levels.
https://www.forexfactory.com/showthread.php?t=877939
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  • #1,868
  • Feb 18, 2019 12:36pm Feb 18, 2019 12:36pm
Quoting togr
{quote} Hi, thank you for providing your know how. Unlike many others you are able to clearly explain your setup. I have a question though,where should we enter the trade? Let's assume there is first bull bar, 2nd bull bar and 3rd bear bar. Should I wait for bars to close to get the setup finished and then wait for next touch of the price? I am adding image to make it more clear. {image}
if you're not going down a time frame to find the setup within the setup like i have said many times over... then YOU'RE DOING IT WRONG!

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  • #1,869
  • Feb 18, 2019 12:39pm Feb 18, 2019 12:39pm
Quoting gulaksarker
{quote} It has revisited more times. You should sell then. In my view the level has been taken already. I am showing the best one. But wait for the answer of experts. {image}
Follow the trend

BTW, make your images bigger please. they're far too small. thx

ATB
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  • #1,870
  • Edited 1:27pm Feb 18, 2019 12:44pm | Edited 1:27pm
Hello fxcyborg
Eurchf h4 is in uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190218-220902.jpg Size: 274 KB

And in h1 time frame was made a 3bar pattern in zone. Do you confirm it? Ofcourse some delay occured.
Attached Image (click to enlarge)
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  • #1,871
  • Feb 18, 2019 12:44pm Feb 18, 2019 12:44pm
Quoting Antony_sg
Hi Mates The pair GBPAUD have just valid setup, hope it boom tomorrow {image} H1 had good setup {image}
1. get direction of trend correct.
2. go down a time frame
Attached Image(s) (click to enlarge)
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  • #1,872
  • Feb 18, 2019 12:45pm Feb 18, 2019 12:45pm
Quoting ifeifeoluwa
WTI Sell Opportunity {image}
I'm sorry, you're trying to find a setup for a sell in an up trend.

try going with the trend
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  • #1,873
  • Feb 18, 2019 12:47pm Feb 18, 2019 12:47pm
Quoting gulaksarker
Hope this one is correct. Lower compression doesn't have any setup. In my view this level is still fresh if I ignore the first touch right after the engulf occur. {image}
You also missed another buy setup as well.

btw, remove the other crap on there, we're trading naked here... we dont use indicators. indicators are for newbies.

ATB
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  • #1,874
  • Feb 18, 2019 12:49pm Feb 18, 2019 12:49pm
Quoting ifeifeoluwa
{image}
Well done, but the SL is higher.. dont forget to put in your breach line, then your sl is counted from there.
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  • #1,875
  • Feb 18, 2019 12:50pm Feb 18, 2019 12:50pm
Quoting GonMnemonik
installation by usdsek {image}
well done, but get in the habit of going down a time frame too.

ATB
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  • #1,876
  • Feb 18, 2019 12:52pm Feb 18, 2019 12:52pm
Quoting PayTheLimit
4hr engulf south, 5min combo....think i'll give it a go... {image} {image}
I like clear charts. But really really clear charts are not helping anyone. please label them. I have no idea where your focus point is on these charts.

thx
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  • #1,877
  • Feb 18, 2019 12:58pm Feb 18, 2019 12:58pm
Quoting statallin
Idea trade that I took today. If you were to look at this, there is clear accumulation at the left hand side. Setup appeared at the end of accumulation. Waited for the price to pull down. The sell setup would have been invalided otherwise (ie price moved up). Placed the pending order only after seeing that the price pulled down to a good level (subjective thing). Price came back in short order to retest the area and I was in the trade. The TP is the structure low and it gets hit pretty fast as well. Nice, quick trade. {image} If you were to look...
well done... it's the interim price we are more interested in. if we are going to use higher time frames, we still need to go to lower ones to find the lowest DD as possible on our setups.

so yes..

1. find trend direction then find setup that goes with it; down trend = sell setups... up trend = buy setups.
2. find accumulation.
3. find setup within accumulation or find one that enters back into it.
4. enter your setup values to sell or buy
5. enter SL and TP
6. sit back and collect
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  • #1,878
  • Feb 18, 2019 12:59pm Feb 18, 2019 12:59pm
Quoting Geges
{image}
Follow the trend mate you'll have far more success.
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  • #1,879
  • Feb 18, 2019 1:00pm Feb 18, 2019 1:00pm
Quoting PayTheLimit
this 30 min/1min combo seems optimal, I think...missed it however.... {image} {image}
much better setup, but would be better if you could label them out like mine, EXACTLY like mine. thx
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  • #1,880
  • Feb 18, 2019 1:02pm Feb 18, 2019 1:02pm
Quoting majrou666
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. {image}
Very nice well done. BUT ---- dont forget your accumulation zones - very important. mark them out in your next submissions

ATB
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