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High Level Accuracy Method With Little To NO Draw-down

  • #2,621
  • Feb 24, 2019 7:37pm Feb 24, 2019 7:37pm
comments....
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If you don't know how to earn money, don't loose it.
  • #2,622
  • Edited Feb 25, 2019 4:35am Feb 24, 2019 7:48pm | Edited Feb 25, 2019 4:35am
Quoting optitrader
Hi Sorry for the dumb question, but does anyone have the bank fibo indi or is the the standard fib retracement indi on mt4. My fib doesn't plot the 71.9 line. Thank you
Draw any Fib on your chart, Edit your Fibo on the chart, Choose "Fibo Level" Tab on top next to "Common" Tab, Add any level you want to your tool (example to add would be the following: Level 0.719 and for Description: %$ Banks 71.9 line).
  • #2,623
  • Feb 24, 2019 7:50pm Feb 24, 2019 7:50pm
Quoting claudia1
{quote} Why not use the levels FXCyborg has on his charts ? Might seem a bit obvious but ...
Look at Post 2530. The numbers are on the uploaded image. You can add those numbers to your own Fibo level on Met4
  • #2,624
  • Feb 24, 2019 7:55pm Feb 24, 2019 7:55pm
Quoting RobinHood
Using this method, I have had 14 winning trades in a row so far. Here's my advice... 1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules. 2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference. 3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time. 4. Use the 15 min chart to help you with direction. 5. Use the 1 min or 5 min charts to fine-tune entries. 6. Look for pockets of accumulation...
Good note ... Robinhood. This seems to be one of the best tips for every trader that wants to win in this business. When you learn to control a pair, pass to two pairs. etc,
  • #2,625
  • Feb 24, 2019 8:00pm Feb 24, 2019 8:00pm
Quoting FXCyborg
OK Ladies and Gents - this thread has turned into the most viewed thread in this section Thanks. I hope the illustrations and live setups before Sunday Open has helped guide you to make more informed choices. If you want to do any back-testing while we wait for the Markets to open, feel free to drop in an screenshot with your setup and I'll guide you on the right path. I'm going to take a break and watch some Movies. ATB
Hi, I'm subscribing into your thread. If possible create a Trade explorer also, so we might as well see how is your trade...
  • #2,626
  • Edited Feb 25, 2019 2:27pm Feb 24, 2019 8:15pm | Edited Feb 25, 2019 2:27pm
Hi FXC,

Isn't this example posted on Page 1 a counter trend setup? ( I understand the reason behind it was the strong support line right above it from a couple of weeks prior)
Attached Image (click to enlarge)
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  • #2,627
  • Feb 24, 2019 9:04pm Feb 24, 2019 9:04pm
Quoting RobinHood
Using this method, I have had 14 winning trades in a row so far. Here's my advice... 1. Do everything just as FXCyborg says. You will make mistakes, but, you will "catch on" to his way if you LEARN the RULES and PRACTICE, using his rules. 2. ONLY practice learning this method on ONE pair. The EURUSD is by far my preference. 3. Create a 15 min chart, a 5 min chart, and a 1 min chart. Watch all 3 at the same time. 4. Use the 15 min chart to help you with direction. 5. Use the 1 min or 5 min charts to fine-tune entries. 6. Look for pockets of accumulation...

Excellent RH,

I have a very similar set up, There as 1 hour chart tucked away in the bottom right hand corner of my screen, this being a one hour chart with a 49/LWMA,
and my fibs

  • #2,628
  • Feb 24, 2019 9:15pm Feb 24, 2019 9:15pm
Is this a valid setup?
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  • #2,630
  • Feb 24, 2019 10:16pm Feb 24, 2019 10:16pm
Quoting mmeupendra
One of my friend created an indicator to identify this pattern. I will attach it herewith. I know that is not perfect but that will be a little help for you. {file}
Hi mmeupendra,
Indicators like this only serve to make you lazy and alert you to false signals.
FXC has requested that we do not post any indicators. He is working on an alert indicator for us.
  • #2,631
  • Feb 24, 2019 10:22pm Feb 24, 2019 10:22pm
Quoting Ripo05
Dear FXCyborg, Please comment what was the error for these setups. Thanks in advance! {image} {image} {image}
Ripo05,

Have a look at this post;

https://www.forexfactory.com/showthread.php?p=12038015#post12038015

All the best

D...
  • #2,632
  • Edited 10:58pm Feb 24, 2019 10:48pm | Edited 10:58pm
Quoting Fymdglv
Hi FXC, Isn't this example posted on Page 1 a counter trend bid?
It seems like an apparent uptrend, [which it was] if you only look at M30 and H1. But.... if you squeeze H1 just once, you will see it is right at a previous supply level. It gets more clearer if you go to H4, and there you will see a big ranging market where 1.1439 was a major extreme high of this range. Therefore, shorts are justified and a bounce expected.

Edit: It was also completing a wave 5 on H1 [if you are into basic Elliot].

FC will correct me if I am wrong.


dg
In other news: A ranger was trapped between a bull and a bear
  • #2,633
  • Feb 24, 2019 10:55pm Feb 24, 2019 10:55pm
Quoting digiff
{quote} It seems like an apparent uptrend, [which it was] if you only look at M30 and H1. But.... if you squeeze H1 just once, you will see it is right at a previous supply level. It gets more clearer if you go to H4, and there you will see a big ranging market where 1.1439 was a major extreme high of this range. Therefore, shorts are justified and a bounce expected. FC will correct me if I am wrong. dg
I was waiting for the answer too, very logical explanation, although I'm waiting for FC to confirm
  • #2,634
  • Feb 24, 2019 11:09pm Feb 24, 2019 11:09pm
Daily and 4 hour in downtrend....so this level seemed important to me and I was short at number 4....and have runners on the next down arrows...this was before I read your introduction and method regarding the 3 candle method...you have my attention without a doubt as I go back in my charts and view the results of such price action....is this a valid chart to you?
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  • #2,635
  • Feb 24, 2019 11:22pm Feb 24, 2019 11:22pm
Quoting Swede
Daily and 4 hour in downtrend....so this level seemed important to me and I was short at number 4....and have runners on the next down arrows...this was before I read your introduction and method regarding the 3 candle method...you have my attention without a doubt as I go back in my charts and view the results of such price action....is this a valid chart to you? {image}
Not valid. You are selling in an uptrend. Besides, your third candle engulfs both candles 1 & 2.
  • #2,636
  • Feb 24, 2019 11:34pm Feb 24, 2019 11:34pm
i hope this is the right setup in 1 min TF
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  • #2,637
  • Feb 24, 2019 11:38pm Feb 24, 2019 11:38pm
Quoting Ipips
{quote} Not valid. You are selling in an uptrend. Besides, your third candle engulfs both candles 1 & 2.
I get that but if you look at daily and 4 hour it is in a downtrend...and the 4 hour swing retrace was right at 71.9 anyway it made good $$ for me but obviously have to tweak and learn the method better...thanks for the reply
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  • #2,638
  • Feb 24, 2019 11:39pm Feb 24, 2019 11:39pm
Quoting syedtaimur
i hope this is the right setup in 1 min TF {image}
Bar 3 should only engulf bar 2. However if you are looking at a higher tf but Bar 3 engulfs Bar 1 (invalid setup), you can still go down the tf to find a valid setup.
But since you are already on 1 min...
  • #2,639
  • Feb 24, 2019 11:50pm Feb 24, 2019 11:50pm
Quoting steven21
{quote} Bar 3 should only engulf bar 2. However if you are looking at a higher tf but Bar 3 engulfs Bar 1 (invalid setup), you can still go down the tf to find a valid setup. But since you are already on 1 min...
no bro i think this is not the right way of the setups
look at the setup of fxcyborg
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  • #2,640
  • Feb 24, 2019 11:55pm Feb 24, 2019 11:55pm
Quoting syedtaimur
{quote} no bro i think this is not the right way of the setups look at the setup of fxcyborg {image}
The reason is because he zoomed into a lower tf to find a setup within the higher tf setup.

https://www.forexfactory.com/showthread.php?p=12011500#post12011500
https://www.forexfactory.com/showthread.php?p=12016130#post12016130
https://www.forexfactory.com/showthread.php?p=12011449#post12011449
https://www.forexfactory.com/showthread.php?p=12011381#post12011381
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