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High Level Accuracy Method With Little To NO Draw-down

  • #3,281
  • Mar 2, 2019 5:13pm Mar 2, 2019 5:13pm
Quoting Sol72
I think the price will do that. Correct me, pls. {image}
Brilliant 8.5 out of 10

All you need to do now, is draw in your buy line that is drawn from the close of bar 1/open of bar 2
AND
your SL level

Good work
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  • #3,282
  • Mar 2, 2019 5:14pm Mar 2, 2019 5:14pm
Quoting johnnysmith
roll on monday haha
I know right, I hate weekends

I could try going over to Oanda and trade there on the weekend, but no way am I paying those spreads lol
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  • #3,283
  • Mar 2, 2019 5:33pm Mar 2, 2019 5:33pm
Quoting fxLoveLots
{quote} Hi. The 3rd Bar Engulfs Both Candles on the Weekly. Therefore, we need to navigate to a lower Compression to find a setup within setup. Daily: Setup within setup not found. 4H: Bingo, Setup within setup found. Not sure about SL on 4H. (Drawdown too high for me. ) {image}
I am guessing price did move down enough in the 4th bar (low of 1.1471) and came back to the entry line (1.1493) in the same bar. So wouldn't the entry be taken in the 4th bar? Thanks!
  • #3,284
  • Mar 2, 2019 6:02pm Mar 2, 2019 6:02pm
Quoting fxLoveLots
{quote} Hi. The 3rd Bar Engulfs Both Candles on the Weekly. Therefore, we need to navigate to a lower Compression to find a setup within setup. Daily: Setup within setup not found. 4H: Bingo, Setup within setup found. Not sure about SL on 4H. (Drawdown too high for me. ) {image}
So we go lower to find the better DD that could be seen from the trade idea.

BTW, it can't engulf both bars.
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  • #3,285
  • Mar 2, 2019 9:51pm Mar 2, 2019 9:51pm
Quoting FXCyborg
{quote} Incorrect. Kindly study the rules again.
Kindly advise as to what I have done that invalidated the rules.
Thanks
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  • #3,286
  • Mar 2, 2019 9:51pm Mar 2, 2019 9:51pm
Quoting FXCyborg
{quote} So we go lower to find the better DD that could be seen from the trade idea. BTW, it can't engulf both bars.
I was confused regarding this point, I needed to read this again
  • #3,287
  • Mar 2, 2019 9:56pm Mar 2, 2019 9:56pm
Quoting MzansiObi
{quote} Kindly advise as to what I have done that invalidated the rules. Thanks
Bar 3 is supposed to engulf bar 2 only, and not engulf bar 1. If Bar 3 engulfs bar 1 (making the setup invalid), all is not lost, you can zoom in within those 3 bars to a lower tf and re-look for a valid setup.
  • #3,288
  • Mar 2, 2019 9:57pm Mar 2, 2019 9:57pm
Hello FXC,
Amazing thread, I had a question how you determine when trend is changing, with HH,HL or you do that with some other way..
Thanks
  • #3,289
  • Mar 2, 2019 10:12pm Mar 2, 2019 10:12pm
Quoting MzansiObi
{quote} Kindly advise as to what I have done that invalidated the rules. Thanks
Mate, look at the bars carefully. Then look at my setups. What is different to the 3rd candle on my setups, compared to yours?

BTW, the answer is in this page, a few post up.
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  • #3,290
  • Mar 2, 2019 10:17pm Mar 2, 2019 10:17pm
Quoting steven21
{quote} Bar 3 is supposed to engulf bar 2 only, and not engulf bar 1. If Bar 3 engulfs bar 1 (making the setup invalid), all is not lost, you can zoom in within those 3 bars to a lower tf and re-look for a valid setup.
Well, not if you are looking for perfect setups. And that's ALL I'M TRYING TO SHOW.

If the setup is not present on a higher time frame, go to a lower one and find one.
If the setup is wrong, where bar 3 engulfs bar 1, ignore it if its a large time frame like the H4, Daily or weekly. That's not to say if it does on lower ones that you should take the trade on.

If the setup is present on a TF, go to a lower TF and find the setup, if its not there, don't risk it.
If the setup is present on a TF, go to a lower TF and find the setup, if its there, go for it. BUT see if the other TF's lower show the same. If they don't, be cautious.

As I say, I mostly go for the perfect setups. Then I can just walk away, set and forget.
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  • #3,291
  • Mar 2, 2019 10:30pm Mar 2, 2019 10:30pm
Many thanks to @FXCyborg for sharing your hard earned knowledge with us
my first contribution to the thread --- still training on the system
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_M5_03032019.JPG Size: 184 KB
  • #3,292
  • Mar 2, 2019 10:37pm Mar 2, 2019 10:37pm
Quoting steven21
{quote} Bar 3 is supposed to engulf bar 2 only, and not engulf bar 1. If Bar 3 engulfs bar 1 (making the setup invalid), all is not lost, you can zoom in within those 3 bars to a lower tf and re-look for a valid setup.
Such a school boy error. Noted thanks bud.
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  • #3,293
  • Mar 2, 2019 10:56pm Mar 2, 2019 10:56pm
Quoting newTraderOn
Many thanks to @FXCyborg for sharing your hard earned knowledge with us my first contribution to the thread --- still training on the system {image}
Thanks and you're welcome.

Q: where is the trend in your image?
Q: when should you sell into a down trend, and when should you buy into an uptrend?
Q: when do I do counter trend setups, what are the confluences I use?
Q: when going with the trend, what must happened after the setup is found?


BTW, if there is confluences there in your image, that's going to be a nice setup

ATB
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  • #3,294
  • Mar 3, 2019 1:00am Mar 3, 2019 1:00am
GREAT Stuff THKS
  • #3,295
  • Mar 3, 2019 1:18am Mar 3, 2019 1:18am
Hey FXCyborg
Could you refer to the charts below? Is the M15 setup ok? I wonder about the interval D1

H4

Attached Image (click to enlarge)
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M15

Attached Image (click to enlarge)
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but D1

Attached Image (click to enlarge)
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  • #3,296
  • Mar 3, 2019 4:45am Mar 3, 2019 4:45am
Quoting Waaade
Hey FXCyborg Could you refer to the charts below? Is the M15 setup ok? I wonder about the interval D1 H4 {image} M15 {image} but D1 {image}
Looks ok to me... but im not exactly sure what you're asking me?
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  • #3,297
  • Mar 3, 2019 5:33am Mar 3, 2019 5:33am
Quoting FXCyborg
{quote} Thanks and you're welcome. Q: where is the trend in your image? Q: when should you sell into a down trend, and when should you buy into an uptrend? Q: when do I do counter trend setups, what are the confluences I use? Q: when going with the trend, what must happened after the setup is found? BTW, if there is confluences there in your image, that's going to be a nice setup ATB
I hope i got it right this time
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY_M5_03032019.JPG Size: 242 KB
  • #3,298
  • Mar 3, 2019 7:06am Mar 3, 2019 7:06am
Quoting FXCyborg
Ladies and Gentleman. I appreciate you all very much. I have gone way above and beyond giving you all insights of not only about how this market works, I have given you a method of approach you can use - for FREE. And we're starting to go off course here... As much as I would love to give you more info on this, that and the other, but its not the scope I laid out for each of you to follow. That is reserved for those under my wing, so to speak. I can't sit here as much as I would like to give full in-depth answers to questions that...
The Wonderful thing about this strategy it works flawlessly on all time frame
  • #3,299
  • Mar 3, 2019 9:27am Mar 3, 2019 9:27am
Mr.X what can you say about this set-up?

Quoting Jahruhay
Did i interpret them correctly Mr.X? Thanks. Also i've seen some approved posts of yours on 5M chart that there is/are no consolidation before the set-up happened. I wondered if sometimes its acceptable to trade without the consolidation? {image}

Read your post from up few here and it says that you only trade for the perfect set-us. Does that mean that you will only scan and wait through 15M charts and if a set-up is found there, that is the time that you go lower to 5M and 1M and trade from there? If nothing appears on the 15min charts. You passed any set-ups in 5M and 1M?

I hope you can answer me Mr.X

Thanks!
  • #3,300
  • Mar 3, 2019 11:02am Mar 3, 2019 11:02am
Quoting newTraderOn
{quote} I hope i got it right this time {image}
Well done, where's your TP level and SL level? dont forget those
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