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High Level Accuracy Method With Little To NO Draw-down

  • #2,921
  • Feb 27, 2019 8:11pm Feb 27, 2019 8:11pm
Quoting vvm
M5 Chart atb/vvm {image}
no sorry, look at how many bars youre engulfing.
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  • #2,922
  • Feb 27, 2019 8:15pm Feb 27, 2019 8:15pm
Quoting syedtaimur
GBPUSD fresh setup {image}
well done
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  • #2,923
  • Feb 27, 2019 8:22pm Feb 27, 2019 8:22pm
Quoting JeBrak
EUR/JPY Setup within setup. Explanation on charts {image} {image}
Good job, however the first image is a bullish order block.
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  • #2,924
  • Feb 27, 2019 8:23pm Feb 27, 2019 8:23pm
Quoting Metac
hello guys here is my set up now. usdcad is down trend.{image}{image}
There was no engulfing bar there
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  • #2,925
  • Feb 27, 2019 8:24pm Feb 27, 2019 8:24pm
Quoting Metac
Eurjpy is in bullish trend{image}
you're missing a few steps in your trades, do the steps correctly and you wont be entering the trade too early
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  • #2,926
  • Feb 27, 2019 8:26pm Feb 27, 2019 8:26pm
Quoting gulaksarker
Found Buy setup on USDJPY M5. Though 1st and 2nd candle body sizes are not equal. Not a perfect one.{image}{image}{image}
trend was down, not up.
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  • #2,927
  • Feb 27, 2019 8:28pm Feb 27, 2019 8:28pm
Quoting rookie14
Greetings, USDCHF H1 Thanks R {image}
trend was down, but you got lucky here
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  • #2,928
  • Feb 27, 2019 8:30pm Feb 27, 2019 8:30pm
Quoting rookie14
Greetings, Shouldn't the bar 1 and 2 be equal and 3rd engulfing to 2nd bar? Thanks R
re-read the first post to get the answer
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  • #2,929
  • Feb 27, 2019 8:31pm Feb 27, 2019 8:31pm
Quoting AbbasRizvi
Weekly setup for buy euro{image}
where's the trend direction? follow the EW example for perfect setups
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  • #2,930
  • Feb 27, 2019 8:32pm Feb 27, 2019 8:32pm
Quoting speedyfx
so far 15 min tf is doing wonders for me. My observation that uptill 1 hr tf and first touch of the zone u should be in for good pips. Thanks for sharing this system cyborg. It cannot get more simpler.
thx

but show your images so ppl can see what youre referring to
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  • #2,931
  • Feb 27, 2019 8:32pm Feb 27, 2019 8:32pm
Quoting Metac
I bought Gbpusd now. Can you confoirm it? {image}
can you label the charts correctly as I have kindly asked many times thx
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  • #2,932
  • Feb 27, 2019 8:33pm Feb 27, 2019 8:33pm
Quoting Silverwater
@FXCyborg I need a bit of clarification here. Is it correct that, before we open a position, price has to move away from the setup in the direction of the trend? In the following example I would have placed an order if price had moved upwards before coming back down to the setup line. However, price moved downwards before returning, so I thought the setup was invalid, yet it would have worked out perfectly. My question is: Does price have to first move away in the direction of the trend or is the direction irrelevant? Your help is greatly appreciated....
a revisit needed, yes
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  • #2,933
  • Feb 27, 2019 8:34pm Feb 27, 2019 8:34pm
Quoting Sf85
I think there's a setup on the 5min of the GBP/AUD {image}
if you want perfect setups, go with the trend
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  • #2,934
  • Feb 27, 2019 8:38pm Feb 27, 2019 8:38pm
Quoting Zokynho
{quote} idea is not to have 100% correct trades, it is impossible...
I beg to differ, if you're going to implant a msg to your sub-conscientious that getting trades correct 100% of the time is impossible, then it always be impossible.

Once you've had a LOT of experience, every trade will be a winning one. In time you'll learn to pick the fights well on this battle field
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  • #2,935
  • Feb 27, 2019 8:41pm Feb 27, 2019 8:41pm
Quoting keshan
Thanks FXCyborg for sharing this method, I am trying it while I am reading this thread. Here is my observation for today EURCAD M1 In real time I only took the first blue one at the top, is it a valid setup? the price spiked out of the blue area, my SL was set at 5 pips, that saved me. the 2nd blue one I found it in hindsight, the second bull bar has a small body, is it valid setup? the green long looks good setup, but the first 2 didn't work out, I feel the 3rd one might work. I might miss something about this method, some setups I picked don't...
well done. if you're going to do a counter trend trade, ensure there is evidence there to support a buy trend in an interim down trend
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  • #2,936
  • Feb 27, 2019 8:42pm Feb 27, 2019 8:42pm
GBPUSD weekly chart. What do you think?
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  • #2,937
  • Feb 27, 2019 8:45pm Feb 27, 2019 8:45pm
Quoting Fymdglv
{quote} Suggestion: to reduce your DD If you are going to be trading 4 hour chart, you may consider a limit buy order at 50% length of your engulfing candle instead of a market buy. 2/3 of time the next candle retraces to the 50% line. This may not matter much at M1 or M5, but at H4, half an engulfing candle's HL length is a lot of pips left on the table for grabs!
no actually, you go down a time frame to reduce your DD and find setups within setups or within accumulation zones, or at the end of them.
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  • #2,938
  • Feb 27, 2019 8:46pm Feb 27, 2019 8:46pm
Quoting Fymdglv
{quote} I am going to have a crack at this puzzle My observation is that the fib is drawn on rapidly rising or falling price movement (ie, that doesn't have a whole lot of ranging moves in the specific TF shown, or @ higher TFs for that matter). In other words, my guess would be that in order for this setup to work, you'd need to have a large number of bulls or bears candles in a row within the structure at whatever time frame you are drawing the Fib at to be able to apply this 71.9% setup to! Is that correct of am I hallucinating? lol
lol probably tripping? who knows, but no, sorry, fxlovelots got it 95% of the way correct
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  • #2,939
  • Feb 27, 2019 8:54pm Feb 27, 2019 8:54pm
Quoting steven21
{quote} {quote} From what I have seen, even if the first 2 bar bodies are not of equal sizes and one is really small, is still ok (only not ideal). Engulfing only the 2nd bar is a strict rule though. If the first bar is engulfed (making the setup invalid), you have to zoom into a lower tf to find a valid setup. https://www.forexfactory.com/showthread.php?p=12011716#post12011716
First i said " of near" equal sizes. But I also said PREFERABLY equal And this is a counter trend setup in the image, lots of confluences there to warrant a Sell.

Before any of you should attempt those, concentrate on the EW image I drew, it'll give people an idea where to get your buy and sell setup ideas from.

Listen, Ladies & Gents, its like waiting for a bus, find the area where there are lots of people hanging around that area, is the trend going up? if so, then you could be looking at an accumulation zone where people are waiting to BUY, vise versa for Sells. So count your phrases/accumulation areas.

A lot of examples I have seen are not adhering to a routine, they are finding the setup in any place on the chart and accepting it as a valid setup.. NO NO NO Ladies & Gents.

You want the Bus to go in your direction, you dont want to be getting on a bus in the wrong direction or it will take longer to get home.

The only time you get on a bus going in the wrong direction is if the bus is entering a colder-sack getting ready to turn around or its heading back to the station to pick more people up.
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  • #2,940
  • Feb 27, 2019 8:54pm Feb 27, 2019 8:54pm
Quoting LongBTC
First try, is this a valid entry on the USDJPY 5m forming right now? The 3th engulfing is pretty big though.. {image}
A sell in an uptrend, hmm.
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