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

  • #181
  • Mar 3, 2019 7:50pm Mar 3, 2019 7:50pm
Quoting swd
{quote} Only one way and that is spread reduction due to affiliate program rebate. Not that it matters to me. Regards, Paul
Pardon? I don't get low spreads for being an affiliate. Most brokers will give you an option to what account type you want.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #182
  • Mar 3, 2019 7:52pm Mar 3, 2019 7:52pm
Quoting Smoko
{quote} Sad to hear that about Tom, he seemed genuine (unlike a lot of sharks back then). After failing to trade with many robots/EA's since 2008 , I read his book "Forex Confidante" in 2011 which inspired me to dig deeper into the workings of the Markets (he was an ex trader after-all). I had limited success with his Fakeout strategy (different to this one here). Do you know how he calculated his TRN's (I think he used EW and fib's but nothing obvious). He also had a sidekick called Carlos, who was very good at analyzing markets. I think...
TRL's you mean? Trend Reactionary Levels
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  • #183
  • Mar 3, 2019 7:59pm Mar 3, 2019 7:59pm
Quoting aaven
{quote} Just my inputs: [I am still learning the concept] The 1st Trade is not a setup as the rule says avoid dojis/small candles. The 2nd Trade is also not a setup, as the 3rd candle needs to close below the 2nd candles' low {for an ideal setup}, also the 3rd candle also looks like a doji another reason to not consider it as a setup. I assumed that the arrow you placed is the 2nd bar. Even if we assume that it is 3rd bar, it would still not be a trade as the starting bar would be a doji which invalidates our condition. Thanks
Like to ask FXCyborg If the 1st bar is a doji, but bar 2 and 3 are healthy bodies (in general, though this is the 2nd trade in the quoted image), would the setup still be valid? Thanks.
  • #184
  • Mar 3, 2019 8:51pm Mar 3, 2019 8:51pm
Quoting FXCyborg
{quote} TRL's you mean? Trend Reactionary Levels
TRN's Trend Reactionary Numbers (actual numbers not just levels).
  • #185
  • Mar 3, 2019 10:19pm Mar 3, 2019 10:19pm
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  • #186
  • Mar 3, 2019 10:32pm Mar 3, 2019 10:32pm
Quoting senjamerah
{image}
Congrats! Though the setup requires 2nd bar to close above 1st bar...
  • #187
  • Mar 3, 2019 11:02pm Mar 3, 2019 11:02pm
Quoting steven21
{quote} Congrats! Though the setup requires 2nd bar to close above 1st bar...
yup, not perfect setup...sorry mate
  • #188
  • Mar 3, 2019 11:07pm Mar 3, 2019 11:07pm
Quoting senjamerah
{quote} yup, not perfect setup...sorry mate
I wonder if FXCyborg has any view on this situation here where the 2nd bar closes above Bar 1's close but below Bar 1's high, and Bar 1 has a healthy bullish body.
  • #189
  • Mar 3, 2019 11:45pm Mar 3, 2019 11:45pm
Quoting steven21
{quote} i wonder if fxcyborg has any view on this situation here where the 2nd bar closes above bar 1's close but below bar 1's high, and bar 1 has a healthy bullish body.
good morning. Have a look now eur/jpy...30m tf
  • #190
  • Mar 4, 2019 12:07am Mar 4, 2019 12:07am
wonderful, Master! i see all three setups are in essence using similar (if not same) orderflow mechanics.

if i may, i backtested (manually) for several hours, i might try enter with 1/3 position @ bar(3) close, 1/3 pending @ bar(3) middle, 1/3 pending @ bar(3)'s open. entry might be flexible in some other manner......
it might be due to that i saw too many setups followed by sizable retraces......

anyway, thanks again, truly appreciated your spirit and heart!

Quoting FXCyborg
Dear FF Members, Thank you all for your support, kind words and all the PM's I've received expressing your thanks. It's really appreciated. Some will ask why am I creating another thread when moderating one of them is a painful experience on its own when others who are not on the same page as you pop by just to disrupt the thread. Simple answer: One or two bad Apples in the Basket is not going to deter me from spending my free available time to helping those who want to be helped....
  • #191
  • Mar 4, 2019 12:17am Mar 4, 2019 12:17am
EURUSD tf M30.....sell setup..
  • #192
  • Mar 4, 2019 1:17am Mar 4, 2019 1:17am
Quoting steven21
{quote} Just mentioning that in the 2nd red box, the setup is not valid - 2nd bar did not close below 1st bar's low.
Noted thanks, I must pay closer attention
From tiny pips mighty oaks grow
  • #193
  • Mar 4, 2019 1:24am Mar 4, 2019 1:24am
Hello, FXCyborg.

Is this correct?
Please let me know if I drew anything wrong or missed something.
Thanks a lot.

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  • #194
  • Mar 4, 2019 1:42am Mar 4, 2019 1:42am
Long setup on GBP/JPY M5
Attached Image
  • #195
  • Mar 4, 2019 2:08am Mar 4, 2019 2:08am
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  • #196
  • Mar 4, 2019 2:33am Mar 4, 2019 2:33am
AUDUSD M15, shorted bit ago

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  • #197
  • Mar 4, 2019 2:35am Mar 4, 2019 2:35am
Quoting redoktober
{image}
I just read the trader code of conduct and I cannot see which part was breached. Can you please direct me to the section below that was breached by FXCyborg? Thanx

VIII. No commercial agendas

Members may not use Forex Factory to promote a product or service, either their own or someone else's. This includes products or services that are planned for the future. If a member's posts can link them to a commercial enterprise in the financial markets, they're in violation of this code.

Members who are focused on a product or service, or new members who mention a little-known website, are generally suspected to be company shills. Action may be taken against suspected shills without conclusive evidence, as they compromise the integrity of discussions and can be difficult to prove conclusively.

Members who wish to promote a commercial product or service must be designated a 'Commercial Member' and are expected to abide by the Commercial Code of Conduct.

There's currently an exception to this code for brokers who advertise on Forex Factory (listed on Brokers (https://www.forexfactory.com/brokers.php)) — they are allowed to host a thread and respond to traders in the Broker Discussion (https://www.forexfactory.com/forumdisplay.php?f=74) forum.
  • #198
  • Mar 4, 2019 2:56am Mar 4, 2019 2:56am
Quoting redoktober
{image}
Who cares?
He has said from the start he is a teacher elsewhere.
The info he has posted is useful and free....That is all.
  • #199
  • Mar 4, 2019 2:56am Mar 4, 2019 2:56am
Quoting redoktober
{image}
What is your intention? Wow Sherlock...must be soo fulfilling..
He, at least, has shared information and advice for free..what have you done to help people?

and..by now only the status has changed..i havent seen any try to sell anything
TWEE, revoke my membership.
  • #200
  • Mar 4, 2019 2:59am Mar 4, 2019 2:59am
Last order closed in profit
SHORT AUDCAD (M15)

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I'm learning this method especially on M5+, because on M1 spread take most of profit
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