[FX/Binary/Nadex] Single Candle S'n'D Technique w/ Low DD's

Quoting senjamerah

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Preparing my chart...{image}

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Quoting mtzimmer1

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I did a quick backtest of these rules using a 233 tick chart on Dow Futures (YM) and over the past 65 I got 30 wins and 35 losses (46% win rate). Does this mean this strategy doesn't apply itself well to tick charts, or is the data set just not large enough? I'm not sure. I then jumped down to the 1m chart for the past five days of data on the Dow. It returned 92 total trades, 39 of which were during market hours 9:30-4 and 53 of which were during the overnight session. In total there were 45 wins and 47 losses (48% win rate). Well what if we only...

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Quoting Boo15

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{quote} {image}

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Quoting NoNonSenseFX

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{quote} Doing some back testing of EURGBP in M5 chart, seems a lot failed setup. Not sure my setup is correct. {image}

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Quoting acetrader

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Hello FXCyborg, You just keep sharing more Golden Trading Nuggets & each gets better as you go. Even though I have my own method of trading I am putting your info to use. Your info is concise & to the point & simple if the RULES ARE FOLLOWED. Truly admire how your dealing with the few naysayers & trolls. If you have more please do continue share it. You are no doubt helping many who are struggling in this business. Another Tip Of The Traders Hat To You My Friend. ______________..........___________________.........________________________........____________________________..........________________...

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Quoting FXCyborg

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{quote} Let me know if this is explanatory? If not, I'll draw it out on my chart with labeling. The one that lost, lost for a reason. We never sell into support unless there is a bonafide reason to. {image}

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Quoting ejikz

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Thank you FxCyborg for the effort you are putting into the thread and helping others to master your trading startegies

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Quoting fxLoveLots

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{quote} Wow, I'm gawking how you broke down the chart. I think my weakness is my technical analysis (retail garbage). Doesn't even come close to yours. I've tried googling some of the concepts you use, and not much comes up. The ones that are like RBR (Don't come close to the way you use them). So I'm trying to learn from understanding your charts I look forward to more posts with TA. Thanks so much.

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Quoting fxLoveLots

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{quote}
Which makes sense -- "None of this Retail crap".

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Quoting FXCyborg

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{quote} I'm sorry, why do I need to do it for binary. The setup is not different on binary or anything else. It stays the same. If you're referring to placing the binary trades , it's no different than placing one in forex. Instead of waiting for our fx trade to hit the TP, binary trading we are predicting what the next candle will be or the next 2 or 3. So if u are working off 1 min. U set it to expire in 1 minute. If you chose to predict a higher price. You would place a CALL trade. If it dont go higher than the price you got in at, you lose....

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Quoting FXCyborg

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{quote} Simple and with all due respect, as you mentioned, you see these with the "untrained eye"... kindly post examples of the losses and winners and we'll break it down

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Quoting ejikz

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@ Mtzimmer1 Thanks for your feed back from your backtest , it is so unfortunate that you do not have anything better to offer the people of these community!!! ,,

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Quoting FXCyborg

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{quote} Thanks Bro It's appreciated

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Quoting mtzimmer1

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{quote} Thank you! Would you have passed on either of these 2 losers? To my eye there is nothing different between the losing setups and winning setups. I am more than willing to learn the process of filtering entries. The second trade looks close but I measured it and it would have missed TP by 10 pips or so. {image}

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Quoting mtzimmer1

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{quote} Thank you! Would you have passed on either of these 2 losers? To my eye there is nothing different between the losing setups and winning setups. I am more than willing to learn the process of filtering entries. The second trade looks close but I measured it and it would have missed TP by 10 pips or so. {image}

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Quoting aaven

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{quote} Master FXCyborg, I know it is big ask, but is there a way you could educate us on some key concepts Like: Bullish Compression, Bullish Ranging Channel, Bearish Order Block, Correct Way of Drawing Demand and Supply Zones, focusing on them individually like the diagram you gave for Elliot Wave. This can greatly help us in bridging our knowledge gap. Like Price Action Primer for Dummies... Thanks

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Quoting FXCyborg

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{quote} I'm sorry, but no. I've put far too much time into this already. I'm not here to teach you the FULL workings of how to do technical price action, or I would be stuck on this forum all day long. Study the images religiously and use the power of common sense and pattern recognition to seek the answers, its what I did to teach myself how not to be incorrect. The EWA was needed to show you how order flow works.

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Quoting FXCyborg

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Maybe I should create 2 more threads and completely dominate this entire section that shows the hottest threads LOL {image}

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Quoting pamc

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{quote} lets not bankrupt the poor brokers mate. Be nice to give those MM's and liquidity provider banks a piece of their own though. Either way the 3 super blueprints are enough to make stacks of dosh. Now its down to getting to recognize to perfection the patterns with fluidity. Pure gems. Thanks a bundle!

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