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High Level Accuracy Method With Little To NO Draw-down

  • #2,861
  • Feb 27, 2019 1:57am Feb 27, 2019 1:57am
Quoting ricki72
{quote} Sell in a uptrend... (acc. to the rules)
On the 1h, it looks like a downtrend to me, so imo sell is ok on the 5min...
  • #2,863
  • Feb 27, 2019 2:40am Feb 27, 2019 2:40am
Quoting LongBTC
{quote} Looks like a downtrend no? {image}
Ups, true!
And your trade was a winner I guess
  • #2,864
  • Feb 27, 2019 2:41am Feb 27, 2019 2:41am
Quoting stevelacoste
GBP/AUD 15 MIN SELL

Market is in uptrend?
  • #2,865
  • Feb 27, 2019 2:49am Feb 27, 2019 2:49am
Quoting stevelacoste
GBP/AUD 15 MIN SELL
IMO we have hear a clear uptrend, in every timeframe.
But i see a possible setup in M5... what do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
  • #2,866
  • Feb 27, 2019 2:57am Feb 27, 2019 2:57am
GBPAUD 5m setup
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 65 KB
  • #2,867
  • Feb 27, 2019 2:57am Feb 27, 2019 2:57am
Quoting ricki72
{quote} IMO we have hear a clear uptrend, in every timeframe. But i see a possible setup in M5... what do you think? {image}
I took the same trade, decent accumulation imo and clear uptrend.

I'm unsure about our target though...
  • #2,868
  • Feb 27, 2019 3:10am Feb 27, 2019 3:10am
I took the high of oct. 10th 2018 as target
(just for fun)
I will move SL to BE and we´ll see.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
  • #2,869
  • Feb 27, 2019 3:11am Feb 27, 2019 3:11am
Quoting TraderAussie
I'm still not sure of the trend direction at times but hopefully i'm starting to get the idea.
Try to zoom out your chart for trend recognition . It makes it easier .
  • #2,870
  • Feb 27, 2019 3:12am Feb 27, 2019 3:12am
Quoting ricki72
{quote} IMO we have hear a clear uptrend, in every timeframe. But i see a possible setup in M5... what do you think? {image}
Dude u have a clear buy signal on those last 3 candles. why look for sell in up trend
  • #2,871
  • Feb 27, 2019 3:15am Feb 27, 2019 3:15am
Quoting ricki72
I took the high of oct. 10th 2018 as target (just for fun) I will move SL to BE and we´ll see. {image}
I took the same one, GL
  • #2,872
  • Feb 27, 2019 3:23am Feb 27, 2019 3:23am
GBPJPY 5m setup forming
Attached Image (click to enlarge)
Click to Enlarge Name: GPBJPY.png Size: 51 KB
  • #2,874
  • Feb 27, 2019 3:27am Feb 27, 2019 3:27am
Quoting JeBrak
{quote} Try to zoom out your chart for trend recognition . It makes it easier .
Thanks JeBrak

I do zoom out but still struggling with this concept. Long term might be say down but intermediate is up. Then looking at HH HL etc.

EG would be right now on the GBPJPY. Long term definitely uptrend but currently looking good for a short??

BTW I see that you're doing well with this method. You've been trading long??
  • #2,875
  • Feb 27, 2019 3:28am Feb 27, 2019 3:28am
Quoting pamc
{quote} Dude u have a clear buy signal on those last 3 candles. why look for sell in up trend
I bought
  • #2,876
  • Feb 27, 2019 3:34am Feb 27, 2019 3:34am
Quoting ricki72
{quote} I bought

What about the accumulation??

I know on larger time frames you can go down to lower time frames to see the compressions but this 5m and thus really no compressions.

This is where I'm still unsure as to FXC rules.
  • #2,877
  • Feb 27, 2019 3:37am Feb 27, 2019 3:37am
USDCAD M5 fresh level for sell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 116 KB

Trend is down in M5
Attached Image (click to enlarge)
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  • #2,878
  • Feb 27, 2019 3:53am Feb 27, 2019 3:53am
Quoting LongBTC
GBPJPY 5m setup forming {image}
yes. this one worked well
  • #2,879
  • Feb 27, 2019 3:59am Feb 27, 2019 3:59am
Quoting TraderAussie
{quote} Thanks JeBrak I do zoom out but still struggling with this concept.
I still strugle sometimes myself. If I am not sure I just don't take trade and look for another. Pay attention to EUR/JPY 1H there is setup at the moment . Inside it you can find 15M setup and inside that one 5M setup.
  • #2,880
  • Feb 27, 2019 4:01am Feb 27, 2019 4:01am
Quoting kette
{quote} super {image}
Hi kette,
off-topic but is that Mt4?
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