High Level Accuracy Method With Little To NO Draw-down

Quoting FXCyborg

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{quote} 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...

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Quoting ricki72

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{quote} Hi Calbefx, if you look closer, you ll find another setup later: {image} And here you even find a setup within a setup in the time frame M5: {image} Now let´s hope the price to come back... I think this one is a good example (for newbies)!

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Quoting birdland

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{quote} he said that we need accumulation only on m1 and m5 setups. yours is a h1 setup, so you dont need accumulation.

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Quoting calebfx

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{quote} Edit: I never go below the 30 mins chart, matter of fact I do not trade using time charts, too much noise on there.

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Quoting calebfx

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{quote} Oh really? Would you be kind enough to direct me to that post? Cheers

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Quoting calebfx

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Hey Mate cheers for the time taken to teach this on here. Okay so this trade looks like a juicy steak but unfortunately no accumulation of price can be seen on that level. So should we avoid the trade? {image}

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Quoting obiwandax

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{quote} A really, really good post, CrocodileRex. It covers so many aspects covering a whole gamut of issues. The thread-starter has offered up a method. That's all. He has made the mistake of allowing many, many posts covering pretty much every FX pair. I don't think it's fair on him to comment on such a wide range of pairs, and time-frames. And each trader brings with them their own biases and insights. It's probably the case that the non-ideal set-ups appear non-ideal only to the untrained eye. With years of experience, what is clear to FXCyborg...

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Quoting FXCyborg

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{quote} 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...

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Quoting Metac

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{quote} Yes of course! Gbpusd is bullish in h4 and daily too. and the pattern made in H1 tf.{image}

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Quoting menek

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FXC, thank you for been around to answer questions. My understanding of this strategy is, 1. Identify the trend first, (for me on 1hr tf) then wait for the market to retrace 28-50% or 61.8% 2. Look for the 3 bar formation. 3. Drop to lower time frame preferably the 5m tf, look for the 3bar formation also and place your entry. This will give u low DD

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Quoting mubzaveri

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Hello sir Please check attached image is my analysis correct or I am missing something... Target at top red horizontal line Stop below few pip of the setup low.... {image}

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Quoting vvm

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Help me Mates, I cannot find BuySetUp on this Chart from FXC. Post 361, 05.02.19 s. Chart atb/vvm {image}

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Quoting cablito

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{quote} the set up within the setup{image}

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Quoting vivaldi2

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{quote} And why this one failed ? {image}

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