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High Level Accuracy Method With Little To NO Draw-down

  • #3,301
  • Mar 3, 2019 1:05pm Mar 3, 2019 1:05pm
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}
here you go
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  • #3,302
  • Mar 3, 2019 1:06pm Mar 3, 2019 1:06pm
Quoting FXCyborg
{quote} Well done, where's your TP level and SL level? dont forget those
FXCyborg, when waiting for price to come back to demand and supply levels, how many candles is too many? What is the maximum number of candles that you would wait for price to come back to a level?
If you are good at something, never do it for free--Joker
  • #3,303
  • Mar 3, 2019 1:08pm Mar 3, 2019 1:08pm
Quoting HorseTrader
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
It's already been explained, search this thread mate for it - its all done by following the expected sequence - when it breaks, its either consolidating/accumulating orders, before it resumes the trend, or the sequence will be fully broken and starts one the other way. That's how its done, plus other ways i've explained here too
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  • #3,304
  • Mar 3, 2019 1:53pm Mar 3, 2019 1:53pm
Quoting FXCyborg
{quote} Well done, where's your TP level and SL level? don't forget those
thanks for your time and guidance

for the SL it is easy , breach line - 5 pips. To me the problem is the TP since already the trade is above the nearest structure high
  • #3,305
  • Mar 3, 2019 2:04pm Mar 3, 2019 2:04pm
Quoting newTraderOn
{quote} thanks for your time and guidance for the SL it is easy , breach line - 5 pips. To me the problem is the TP since already the trade is above the nearest structure high
Then, logically speaking, we go to the next structure, yes?

see first page, it will show this image
https://www.forexfactory.com/attachment.php?attachmentid=3222016
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  • #3,306
  • Mar 3, 2019 2:20pm Mar 3, 2019 2:20pm
Quoting jmn5611
{quote} FXCyborg, when waiting for price to come back to demand and supply levels, how many candles is too many? What is the maximum number of candles that you would wait for price to come back to a level?
There is no arbitrary / random number mate.

We just know that price reacts faster when price levels of interest are in its immediate path. As time goes, its like letting air out of a balloon slowly - price becomes deflated, plans change from on moment to the next.

If all other confluence levels are in place and if we have to wait that long, ie, 5 min TF I would not be waiting for half a day for price to reach it. 4H on the other hand, I would if the setup was legit. On 5 minute I would only wait for the mean average of patterns that emerge when str-lows and highs are narrow.

As you gain more chart time experience, you'll notice the structure highs and lows and how far apart they are. One then can use deductive reasoning to find patterns, that do repeat themselves. ie. what I refer to as the Symmetrical Head & Shoulders pattern:

ex:, from left shoulder to the start of the neck will be X bars across, from neck structure will be the same X bars across and as that of the right shoulder, all while the left and right shoulder when used to draw a line from to create the neckline to anticipate a break, you would have a Symmetrical pattern that has a TP target that has a high expectancy rate of being filled. More so when the neck line is perfectly horizontal.

So, getting back to the structure highs and lows, the distance between them, logically speaking, we can visually see, and witness even through history, smaller the gap between the two, faster it will get to reach one side to the other, now with a wider distance between the two, we can safely assume that from past history that price takes a while to get back to a Str-Low or high, unless of course a high impact comes in to give it a kick start towards those structures. In low liquidity times, bars will move a lot slower.

So, its about picking your battles wisely, ie, some say dont trade during Asia session as its one of the lowest liquidity times, reason being, its the banks who set the asia range to make it become their spread, market makers come in and help them get their spread back by trapping people.

I hope this helps?

ATB
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  • #3,307
  • Mar 3, 2019 3:43pm Mar 3, 2019 3:43pm
Quoting FXCyborg
{quote} There is no arbitrary / random number mate. We just know that price reacts faster when price levels of interest are in its immediate path. As time goes, its like letting air out of a balloon slowly - price becomes deflated, plans change from on moment to the next. If all other confluence levels are in place and if we have to wait that long, ie, 5 min TF I would not be waiting for half a day for price to reach it. 4H on the other hand, I would if the setup was legit. On 5 minute I would only wait for the mean average of patterns that emerge...
So when the price/time symmetry between the structure starts to get skewed, would you say this eats into the quality of the level in question? There does seem to be a symmetry between structures that I had forgotten about for some reason. Good explanation, I will be looking at this going forward.
If you are good at something, never do it for free--Joker
  • #3,308
  • Mar 3, 2019 5:35pm Mar 3, 2019 5:35pm
Quoting jmn5611
{quote} So when the price/time symmetry between the structure starts to get skewed, would you say this eats into the quality of the level in question? There does seem to be a symmetry between structures that I had forgotten about for some reason. Good explanation, I will be looking at this going forward.

Exactly mate

ATB
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  • #3,309
  • Edited 6:02pm Mar 3, 2019 5:43pm | Edited 6:02pm
Hi, mr FXCyborg! Comment my trade plane and correct me if i'm wrong, pls. Thank you.
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  • #3,310
  • Mar 3, 2019 5:47pm Mar 3, 2019 5:47pm
a couple i spotted from GU this week. what do you think of these Fxcyborg?

im still trying to work from the best areas for the accumulation, which to me is RBR and DBD etc etc and making it all work together. If i spot a shift in market structure then that would give me more confluence
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  • #3,311
  • Mar 3, 2019 6:05pm Mar 3, 2019 6:05pm
Hi Guys,

Lots of people asking the right questions, even better doing it and presenting charts for positive critique.

See below for some clarification on areas of interest;

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All the best

D...
  • #3,312
  • Mar 3, 2019 6:16pm Mar 3, 2019 6:16pm
you are going against the trend, in my opinion.

another thing is that you always need to wait the engulfing candle (the 3rd one) close, then wait to see the price continue going the engulfing direction for a distance, without price continuing the engulfing direction for a distance, there's no shit to trade.......
Quoting Sol72
Thanks for patience. Posting corrected pics. You're doing big work. Wish you all the best! Thank you. {image}
  • #3,313
  • Mar 3, 2019 6:31pm Mar 3, 2019 6:31pm
Another couple i spotted,

Very helpful pic Dane if its not been posted before.
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  • #3,314
  • Mar 3, 2019 6:36pm Mar 3, 2019 6:36pm
don't you worry that if these trading setups become popular they will loose their validity once market makers or ITs or institutionals get notice of them and hence counter attack them and trap the retailers
  • #3,315
  • Mar 3, 2019 7:47pm Mar 3, 2019 7:47pm
Quoting benadil
don't you worry that if these trading setups become popular they will loose their validity once market makers or ITs or institutionals get notice of them and hence counter attack them and trap the retailers
I'm sorry.. that's absolute nonsense. You really think that one or a few methods from a tiny group of people, who funds tied together doesn't even add up to the amount of cash these guys have on hand. Mate, you're dreaming.. come down from that cloud of yours
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  • #3,316
  • Mar 3, 2019 8:09pm Mar 3, 2019 8:09pm
Quoting FXCyborg
{quote} I'm sorry.. that's absolute nonsense. You really think that one or a few methods from a tiny group of people, who funds tied together doesn't even add up to the amount of cash these guys have on hand. Mate, you're dreaming.. come down from that cloud of yours
loool
  • #3,317
  • Mar 3, 2019 8:14pm Mar 3, 2019 8:14pm
Another couple of examples ive journalled

FXCyborg, been going through your other thread regarding the stop hunt candle. I saw this on one of my zones i marked out. very nice. ill be reading that thread properly tomorrow
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  • #3,318
  • Mar 3, 2019 9:32pm Mar 3, 2019 9:32pm
Quoting FXCyborg
{quote} There is no arbitrary / random number mate. We just know that price reacts faster when price levels of interest are in its immediate path. As time goes, its like letting air out of a balloon slowly - price becomes deflated, plans change from on moment to the next. If all other confluence levels are in place and if we have to wait that long, ie, 5 min TF I would not be waiting for half a day for price to reach it. 4H on the other hand, I would if the setup was legit. On 5 minute I would only wait for the mean average of patterns that emerge...
Hello,
FXC can you please explain this point a bit more please ...
Thanks
  • #3,319
  • Mar 3, 2019 11:29pm Mar 3, 2019 11:29pm
i already build an EA wit this method with multi TF position checking but little prb in TP SL setup in last support and resistance

have anybody last swing high low or SR EA code ? or indicator with buffer ?

this code of last swing sometimes make prb....it is actually based on what period we set 10 candle 20 candle etc
Inserted Code
double HH = iHighest(NULL,0,MODE_HIGH,period,0);
 
double LL = iLowest(NULL,0,MODE_LOW,period,0);
  • #3,320
  • Mar 3, 2019 11:37pm Mar 3, 2019 11:37pm
Quoting munna00
i already build an EA wit this method with multi TF position checking but little prb in TP SL setup in last support and resistance have anybody last swing high low or SR EA code ? or indicator with buffer ? this code of last swing sometimes make prb.... double HH = iHighest(NULL,0,MODE_HIGH,period,0); double LL = iLowest(NULL,0,MODE_LOW,period,0);
The rules are objective, but judging whether a level is valid or not depends on what is to the left that level. I am not sure if FXC will go into deep detail about it because some schools charge a steep price for that info, but suffice it to say that an EA with the tech capacity of MT4 will most likely not get that accomplished.
If you are good at something, never do it for free--Joker
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