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Attachments: High Level Accuracy Method With Little To NO Draw-down
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High Level Accuracy Method With Little To NO Draw-down

Quoting cesar8
{quote} Here is an example of a time frame position of 5 minutes. Unfortunately in higher timeframe they occur less times, but if there are, in fact when they are presented they give a big gain, in exchange for a bigger stop loss, for that reason it must always be evaluated that the reward is at least 2 to one {image}
I'm sorry, we're trading naked in this thread, please remove the other junk you have on there. then re-submit.

Other people wont be able to understand all that on there, plus youre giving your brain far too much to look at.

K.I.S.S
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Quoting FXCyborg
{quote} Brilliant Almost time to quit work

That decision was my goal, but it has come about a bit early for me,

So that means i am playing a very tight balancing act at the moment my friend.

"As always trade wisely folks,And then with Patience,time will reveal all"
Quoting Mitiblotch
Beautiful setup on EJ 1hr. I love the idea of a double top acting as confluence here. {image}
OK, first, trend was up.
2nd, your spreads are probably higher than mine which is why I see 3rd bar engulfing them all
3rd, 30M there is no setup.
4th, 15M, there is no setup.
5th 5M there is a setup, but TP is hit (its the only counter trend setup found)
6th, 1M same as #5

So what does that tell us?

No setup on a lower time frame directly under it is a good indication of a short lived setup, almost like a false positive.

7th, your accumulation zones, how many where there prior? remember the Elliot Wave Theory image I drew in? Those green boxes are accumulation zones.
Looking from a H1 point of view where you had your setup, indeed it looks as if we are coming into supply (RBD - Rally Base Drop), but we're really into our 2nd phase higher.
8th, H4 shows a Bullish Compression, a collection of short orders are being made as price moves higher, at 127.50 area we're noticing the low of another accumulation phase. What happened at that area? Price dropped making new lows right? So what does this tell us? There's sellers up there, why else would price fall?

9th, we have an interim phase on the way up where price could stall. Around 127.00 area (phycological zone).

10th, price will accumulate before making its fake out push to the Bearish Engulfing pattern at the very end of the range's low around 127.50. This is also essentially a Drop Base Drop (Base is the huge accumulation zone on EUR/JPY going back first week of November, 2K18) - plus its a Support 'n' Resistance Flip.

11th, Upward channel (the developing Bullish Compression), it's collecting orders, so naturally where would you go to find them? Another area where there has been huge evidence of it.

Conclusion:
If I were to do a counter trend setup, I'd wait until these levels have been reached, or various other technicals, plural. I'm not just going to rely on a double top, or just one other piece of information. I'm going to find as many as I possibly can that also conforms to what these individual candles are saying on their own, or together with another set.

Hope this helps

P.S
I threw in a stop hunt trigger too, discussed here
https://www.forexfactory.com/showthread.php?t=888931
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Quoting kudak
i want to thank master FXCyborg for his big heart,time and generosity and for being a great teacher in showing us these wonderful and really practical ways to trade.I am a newbie and am following ,learning and practising.i cant thank you enough.am still going over and over again on this chapter .the only constraint for me at the moment is time as i am having a full time job. thank you hooked
You're welcome, and thanks
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Quoting westomarke
Does anybody have ballpark margin recommendations between the breech line and SL for 15, 30, 1hr, 4hr, and Daily TF's? I could not find them in the posts, but I could have missed them. Thanks for any help.
Not looking hard enough
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Quoting kieranmurphy
LIVE ENTRY POINT ABOUT TO HAPPEN Look at your H1 EURJPY chart and then drill down to M5. Entry approx 126.28 (Short) with TP at 125.84 and SL at 126.42. 14pip risk with a reward of 44 which is good R:R of 1:3 {image} here is the drill down to the 5min {image}
Good attempt, nice labeling, and thought process.

Kindly see the 11 bullet point explanation 3 posts above this

That's the level of thinking you need to start working on. When there are enough questions to ask, try finding some you haven't then find the answer. This is what I do to find reasons of evidence to support my trade idea.
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WOW, I just did 3 pages of answering people's questions... that time went by quickly
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Hey FXCyborg,

We have a setup forming on the GJ 15m, now we have a clear uptrend followed by a downtrend. Do you have some kind of 'rule' to take this trade or not or do we just pass on this trade and look for a better setup? I'm sorry if this has been addressed before, I've only gone through 80 pages of this thread.

Thanks in advance!
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Quoting LongBTC
Hey FXCyborg, We have a setup forming on the GJ 15m, now we have a clear uptrend followed by a downtrend. Do you have some kind of 'rule' to take this trade or not or do we just pass on this trade and look for a better setup? I'm sorry if this has been addressed before, I've only gone through 80 pages of this thread. Thanks in advance! {image}
Whats it say on the first post mate?

MARK YOUR CHARTS OUT CLEARLY AS I HAVE!

Excuse caps lock
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FXC

Still trying to get my head around direction and the set up. Is this valid?? My initial thought is no.

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Quoting TraderAussie
FXC Still trying to get my head around direction and the set up. Is this valid?? My initial thought is no. {image}
That's it.

People need to take into consideration how many accumulation phases have been developed.

Granted, I did ask to go with the trend setups, but we also need to understand when the trend will change.

When there are 3 to 5 accumulation zones previously made there is a high probability of it reversing; this is why we have Harmonic and Elliot Wave Theory to work with.

Also, HH, LL, LH, HL sequences, a new HL was made when it should have been a LL. But the LH was not broken - this tell us we are either a) in an accumulation zone, or b) trend is imminent of a reversal.

Zooming out, I can see there is a Bullish compression and it also represents the 2nd bearish accumulation zone, i would venture to say the 71.9% Fibo of most recent major high to previous major low where current price sits at a Banking Fibo level of 42%.

Only caution I would have here is the pin-high above, price will come back there soon before dropping to lower levels.
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Quoting FXCyborg
{quote} Whats it say on the first post mate? MARK YOUR CHARTS OUT CLEARLY AS I HAVE! Excuse caps lock
Now 2 setup followed . I took the trade, in bigger 4HR TF is uptrend, but in 15min TF there is no support nearly, retrace could be more bigger, that makes it more difficult.

Please comments are welcome.
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Quoting stevelopez
{quote} Now 2 setup followed . I took the trade, in bigger 4HR TF is uptrend, but in 15min TF there is no support nearly, retrace could be more bigger, that makes it more difficult. Please comments are welcome. {image}
There is only one true setup. make sure you pick the correct one. How? I've mentioned it just earlier and many times throughout this entire thread So it should be easy to find

btw, dont zoom in so much and do your technical's correctly and label them please. thx
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Quoting FXCyborg
{quote} no, look to the left, what do you see my friend? NOTHING!
Quoting FXCyborg
{quote} well done, dont forget to label your TP, SL, Breach lines, etc It's to help those seeing your images for the first time.. thx

these two setups are actually the same one on gbpaud. One you said there's no accumulation area, the other one you said it's a good job.

Question: Do we need accumulation or not?
Quoting CrocodileRex
{quote} {quote} these two setups are actually the same one on gbpaud. One you said there's no accumulation area, the other one you said it's a good job. Question: Do we need accumulation or not?
I was looking at the red square. Ooopps

That's what happens when people don't label their charts like I label mine out.
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Quoting FXCyborg
{quote} kindly re-post your image with labels, you'll find that you're missing a few things So, let's see if we can tweak those for you
Ok, I was looking at trend in the Daily and its sideways. I add a new picture with my thought process. First and second candle, and then the engulfing candle, only engulfing the 2:nd candle, a lot of revisits, maybe to long for the revisit ? Thanks for your post.
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Quoting FXCyborg
{quote} That's it. People need to take into consideration how many accumulation phases have been developed. Granted, I did ask to go with the trend setups, but we also need to understand when the trend will change. When there are 3 to 5 accumulation zones previously made there is a high probability of it reversing; this is why we have Harmonic and Elliot Wave Theory to work with. Also, HH, LL, LH, HL sequences, a new HL was made when it should have been a LL. But the LH was not broken - this tell us we are either a) in an accumulation zone, or b)...
FXC

So when you are referring to HL and LH have I marked this correct or are you referring to more recent chart action??

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Quoting TraderAussie
{quote} FXC So when you are referring to HL and LH have I marked this correct or are you referring to more recent chart action?? {image}
I'm referring to it all, how can a pattern be distinguished with just two references to refer to? It'll be hard to paint the real picture.
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Quoting Redentor
{quote} Ok, I was looking at trend in the Daily and its sideways. I add a new picture with my thought process. First and second candle, and then the engulfing candle, only engulfing the 2:nd candle, a lot of revisits, maybe to long for the revisit ? Thanks for your post. {image}
There you go

Just make sure you draw in your trendlines and horizontal ones in better, and remove all that other junk on there. We're big boys here, we trade naked
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Hi FXC,

In case of entry via a limit order at the horizontal line between the 1st and 2nd bar, how long do we wait for it to trigger ? If the entry order doesn't trigger until 5 bars later is it still good ?
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