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High Level Accuracy Method With Little To NO Draw-down

  • #2,322
  • Edited 11:03am Feb 21, 2019 10:47am | Edited 11:03am
Quoting Jahruhay
{quote} Hi, also saw this one but didnt take it because of the following, hope you can answer it though based on your observation. 1. Why are you buying on a down trend? 2. I think there is no consolidation before the set-up. Thanks.
Guys what down trend.....
Attached Image (click to enlarge)
Click to Enlarge Name: jj.png Size: 27 KB
  • #2,323
  • Feb 21, 2019 11:02am Feb 21, 2019 11:02am
Quoting mizi123
{quote} News have sucked the setups but i em alive still
Yeah shes sure taking her sweet time going back up thats for sure. I took the trade luckily I gave her a lil extra space with the SL.
  • #2,326
  • Feb 21, 2019 11:37am Feb 21, 2019 11:37am
Where is the boss?
  • #2,327
  • Feb 21, 2019 11:50am Feb 21, 2019 11:50am
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,328
  • Edited 12:41pm Feb 21, 2019 11:55am | Edited 12:41pm
Quoting ejiexe
{image}
Nope,you buying in a downtrend and your two bullish or bearish candles need to be the same size(ish)


THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.

Live up to it.

  • #2,329
  • Feb 21, 2019 12:08pm Feb 21, 2019 12:08pm
Quoting MACDave
{quote} Nope,you buying in a downtrend and your two bullish or bearish candles need to be the same size(ish)
its absolutely amazing how many times FXC and others have stated that, but people just dont register it They are all used to trading reversals and cant get out of the habit it seems. There are not many rules to this. Seems people just skimp through and just dont get it.
  • #2,330
  • Feb 21, 2019 12:40pm Feb 21, 2019 12:40pm
Quoting pamc
{quote} its absolutely amazing how many times FXC and others have stated that, but people just dont register it They are all used to trading reversals and cant get out of the habit it seems. There are not many rules to this. Seems people just skimp through and just dont get it.
Hopefully its excitement.
  • #2,331
  • Edited 2:03pm Feb 21, 2019 1:43pm | Edited 2:03pm
Quoting MACDave
{quote} Nope,you buying in a downtrend and your two bullish or bearish candles need to be the same size(ish) THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS. Live up to it.
MACDave your observation is very correct but plz advise with example how we can judge that a selling/buying trend has ended. your advice plz.
  • #2,332
  • Feb 21, 2019 3:23pm Feb 21, 2019 3:23pm
Hi FXC, A noobie here.

First of all thanks very much for sharing your knowledge. Much Appreciated. I read your post 5- 6 times to understand your strategy.

I have 1 question. I am mostly trying it on Daily charts. You say that the revisit to the same zone should be reasonably quick. Can you please let me know on a daily chart, how many candles is too long or how many is reasonably quick?

Thanks.
  • #2,333
  • Feb 21, 2019 3:23pm Feb 21, 2019 3:23pm
Hi Guys,

Hopefully i'm getting the hang of this?

Am I on the right lines ?
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  • #2,334
  • Feb 21, 2019 3:41pm Feb 21, 2019 3:41pm
Quoting pamc
{quote} its absolutely amazing how many times FXC and others have stated that, but people just dont register it They are all used to trading reversals and cant get out of the habit it seems. There are not many rules to this. Seems people just skimp through and just dont get it.
The other reality though is also that you don't wanna get caught with your pants down selling at the floor or buying the ceiling. I think it's all subjective to the time frame you're trading on aswell. At the end of the day still need to be aware of key support and resistance levels and also look at the mean. Just my 2cents worth
4&1 All Time Profit: $37,496
  • #2,335
  • Feb 21, 2019 3:47pm Feb 21, 2019 3:47pm
Quoting AnybodyElse
{quote} Personally I would not consider this trade to be within the discussed system, because the three-candle pattern is at a top. I hope it works for you though!
The issue in my opinion is not with the Bearish engulfing being at the top of the chart. The issue is the distance between that setup and today's market being so far away for a 15 minute chart. The market may or may not just touch and swing at that supply zone. (Remember FXC mentioned to try to keep your setups relatively close to the current price for improved consistency.
  • #2,336
  • Feb 21, 2019 3:53pm Feb 21, 2019 3:53pm
Quoting mcquak
EURUSD played well {image}
I'm surprised you didn't get stopped out by that Large rejection wick! How many pips below the Low did you place your SL?
  • #2,337
  • Feb 21, 2019 3:55pm Feb 21, 2019 3:55pm
Quoting kylehaman
I spent the last couple of nights studying up on everything you have been talking about, order blocks, supply and demand, elliott wave. Wow is everything falling into place. I can't thank you enough for all of the knowledge, insight and patience you have given to us without asking for anything in return. I found this setup this morning, can I get your thoughts on my TP line? Thank you again for everything. {image}
Go with the trend, not against it
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  • #2,338
  • Feb 21, 2019 3:56pm Feb 21, 2019 3:56pm
Quoting MACDave
{quote} I'm not seeing the three bar setup their? Oh wait , I do all the way down there, wow is that still valid I wonder?
zoom in, its clear as day
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  • #2,339
  • Feb 21, 2019 3:57pm Feb 21, 2019 3:57pm
Quoting Fymdglv
{quote} I'm surprised you didn't get stopped out by that Large rejection wick! How many pips below the Low did you place your SL?
I'm not, he used the correct SL size
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  • #2,340
  • Feb 21, 2019 3:57pm Feb 21, 2019 3:57pm
Quoting mizi123
GJ look's awesome ( my pending trigered on m5) 15 min ... {image}
Where is the setup?
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