High Level Accuracy Method With Little To NO Draw-down | Page 136 | Forex Factory

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High Level Accuracy Method With Little To NO Draw-down

  • #2,701
  • Feb 25, 2019 10:35am Feb 25, 2019 10:35am
Quoting rookie14
Greetings folks, can't upload the image due to PC restrictions I think we have valid setup for NZDUSD H4 Thanks R
I don't think FX recommends this setup in anthing over the M30 chart, he says preferably M5 and M15 in that order.
  • #2,702
  • Feb 25, 2019 11:07am Feb 25, 2019 11:07am
Quoting Trabbitt8
{quote} I don't think FX recommends this setup in anthing over the M30 chart, he says preferably M5 and M15 in that order.
This is from the first page what he said.

PLACING YOUR TP's (Take Profit Levels).

Here's the easiest part.

Locate the previous structural high. Locate the closes/open of those two bars that forms that structural high and put your TP there.

REPEAT & SPIN - & KICK BUTT!

~~~~~~~~~~~~~~~~~~~~~~~~~

THE SIMPLEST METHODS ARE THE BEST ONES!

BTW, there are opportunities to take on if these levels are missed / does not reach our desired low draw down entries... But these will do you for now.

I hope you enjoyed this!

Submit your images of any back testing or live forward images (before the revisit happens) and I will help you and or confirm if it’s done correctly!

ATB

P.S
Yes you can do this on any time frame.... I've only provided up to the 30 min compression/time frame
P.P.S
  • #2,704
  • Feb 25, 2019 12:10pm Feb 25, 2019 12:10pm
Greetings,
Kind question.....shouldn't it be sell?

Thanks
R
  • #2,705
  • Feb 25, 2019 12:23pm Feb 25, 2019 12:23pm
Quoting vvm
M5 EURUSD FXCyborg SetUp Buy @ 1.1362, SL 7, TP open s. Chart atb/vvm {image}
Thats a sell setup in an uptrend.
  • #2,707
  • Feb 25, 2019 12:48pm Feb 25, 2019 12:48pm
Quoting Dingoman-two
Eur/usd reversal could be on the go in 15 min chart Edit still holding stopped out $45 loss
where was your entry?
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  • #2,708
  • Feb 25, 2019 12:49pm Feb 25, 2019 12:49pm
Quoting syedtaimur
{image}
no labels, and zoomed in too much
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  • #2,709
  • Feb 25, 2019 12:50pm Feb 25, 2019 12:50pm
Quoting westomarke
Got my hat handed to me. Sure glad I am on a demo account! {image}
use different text please, i cant see red on black - thanks
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  • #2,710
  • Feb 25, 2019 12:50pm Feb 25, 2019 12:50pm
Quoting dna9179
EURUSD M1 {image}
well done
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  • #2,711
  • Feb 25, 2019 12:56pm Feb 25, 2019 12:56pm
AUDJPY 15 MIN Seemed to show a strong reaction to the BANK FIBO level FX has been hinting about. Accumulation present on the left at the same level along with the 3 bar setup.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Bank FIBO.JPG Size: 143 KB
  • #2,712
  • Feb 25, 2019 1:00pm Feb 25, 2019 1:00pm
Banking Level 71.9 today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #2,713
  • Feb 25, 2019 1:03pm Feb 25, 2019 1:03pm
Quoting vvm
M5 EURUSD FXCyborg SetUp Buy @ 1.1362, SL 7, TP open s. Chart atb/vvm {image}
You should be selling. It’s a bearish engulfing candle and it’s at the top. Look left.

i took a sell and am in profit.

ATB
  • #2,714
  • Feb 25, 2019 1:09pm Feb 25, 2019 1:09pm
M5

Quote
You should be selling. It’s a bearish engulfing candle and it’s at the top. Look left.

UPS!!!
Of cource,
You are right...

I have to learn ....

atb/VVM
PA Trading with EMAs & common Sense
  • #2,715
  • Feb 25, 2019 1:15pm Feb 25, 2019 1:15pm
M5

Mates
Rookie14, Trabbitt8, tfromng,

thanks for your Messages

atb/vvm
PA Trading with EMAs & common Sense
  • #2,716
  • Feb 25, 2019 1:26pm Feb 25, 2019 1:26pm
Quoting ricki72
{quote} The trend in the 1h chart may be down, but in the daily chart is clearly up. So, good or not so good setup (sell)? What would the master say? {image}
Doesn't matter, there are 24 hours in a day, there are only 1 hour in an hour bar. Targets will get hit a lot quicker on a H1 compression when aiming for structure highs or lows, than they would finding an entry/setup on a daily while focusing on the same method to find TP targets.

We'll get to all that in this document I'm creating - 9 pages in so far.
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  • #2,717
  • Feb 25, 2019 1:29pm Feb 25, 2019 1:29pm
Quoting ejiexe
{image}
It's already been respected once. Also, you're not putting in your reason why you drew that in there. These 71.9% levels are only hit if the structure of the trend is correct.

Like how I asked the other day, what do we look for in one of our steps regarding the 3-bar setup. Once you know the answer to that, you will know the answer to the 3 images I posted which have this Banking Fibo level being respected on all 3 examples. And that only happens when the areas are there and the correct amount of them are there too.
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  • #2,718
  • Feb 25, 2019 1:36pm Feb 25, 2019 1:36pm
awesome thread thank you, i'm just starting out and looking for a style that suits me. This looks really interesting I will be having a look at some charts too see if I can spot some of these setups.
  • #2,719
  • Feb 25, 2019 1:46pm Feb 25, 2019 1:46pm
Quoting Bluebag
Is this correct? Is it wise to wait for another test on the line in between candle 1 and 2? {image}
no sorry, I kindly advise to read all MY posts from the beginning
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  • #2,720
  • Feb 25, 2019 1:46pm Feb 25, 2019 1:46pm
Quoting Bluebag
Is this correct? Is it safe to wait for price to go back up to sell? {image}
wheres the trend direction?
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