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Power of Two System

  • #61
  • Jun 29, 2023 1:54pm Jun 29, 2023 1:54pm
Quoting Merka
{quote} Thanks Have you already tested this method? what are the performance you get from your backtesting? Thanks
50-60% win rate, with 1:3 rr. Losing never felt better honestly.
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  • #62
  • Jun 29, 2023 2:39pm Jun 29, 2023 2:39pm
Working on an indicator that shows SFT, FT, NFT
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  • #63
  • Jun 29, 2023 5:04pm Jun 29, 2023 5:04pm
would be interesting to see which, if any, out of SFT, FT, NFT happens more often.
  • #64
  • Jun 29, 2023 5:25pm Jun 29, 2023 5:25pm
Quoting FireScape
Working on an indicator that shows SFT, FT, NFT
Clarifying for myself, since gbp/usd made a new fractal low we are now waiting for an SFT, FT or NFT. Is that correct.
  • #65
  • Jun 29, 2023 5:28pm Jun 29, 2023 5:28pm
Quoting charlienoble
would be interesting to see which, if any, out of SFT, FT, NFT happens more often.
Agreed. Each setup definitely behaves differently and need to be practiced individually. The system seems kind of simple at the surface but as I keep watching back and learning there's a lot more concepts to explore.

For example, we keep mentioning Strong Follow Throughs, but what about Weak Follow Throughs? He's mentioned this concept briefly in one of the videos. I think he explores it more in his "paid course" but we can figure it out, it's not rocket science. So usually if you have a close that breaches a fractal on H4 you wait to see what the following candle does. If the following candle closes in the same direction we consider this a SFT. However, a concept briefly mentioned in the video and one I havent talked about here is if the following candle makes a clear indeision candle, or even two or three...then closes strong in the same direction, this would be a Weak Follow Through. Essentially price hesitating before making continuation. The difference between trading these, i'm assuming, is that on a SFT you can trade at any point, in or out of Discount/Premium. Where as if it's a Weak Follow Through, you probably want to be in the appropriate zone. Same with fitting your trade within the range. So the same rules that apply to a NFT, apply to a WFT, im assuming
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  • #66
  • Jun 29, 2023 5:42pm Jun 29, 2023 5:42pm
Quoting charlienoble
{quote} Clarifying for myself, since gbp/usd made a new fractal low we are now waiting for an SFT, FT or NFT. Is that correct.
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  • #67
  • Jun 29, 2023 8:04pm Jun 29, 2023 8:04pm
another question, with no new low fractal on eu are we looking for a sweep on the 15 minute?
  • #68
  • Jun 29, 2023 8:19pm Jun 29, 2023 8:19pm
Another point of interest. With the new fractal high at 1.0940 and moving the range, a fib from 1.0940 down to the 4 hour at 1.0896 had a 0.809 expansion target of 1.8602
  • #69
  • Jun 29, 2023 8:21pm Jun 29, 2023 8:21pm
Quoting charlienoble
another question, with no new low fractal on eu are we looking for a sweep on the 15 minute?
EU did create a new fractal low, we just wait
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  • #70
  • Jun 29, 2023 8:24pm Jun 29, 2023 8:24pm
Odd, using that fractals indi in the 1st post I don't see a new low fractal on 4 hr.
  • #71
  • Jun 29, 2023 8:27pm Jun 29, 2023 8:27pm
Quoting charlienoble
Odd, using that fractals indi in the 1st post I don't see a new low fractal on 4 hr.
AH, I wonder if the fractals I'm using on TV are calculated differently. Sorry about that! Let me check something
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  • #72
  • Jun 29, 2023 8:29pm Jun 29, 2023 8:29pm
Quoting FireScape
{quote} AH, I wonder if the fractals I'm using on TV are calculated differently. Sorry about that! Let me check something
yeah, even the basic default "williams fractals" indicator and other ones on TV is showing the same thing. Maybe we should find another MT4 indicator
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  • #73
  • Jun 29, 2023 9:02pm Jun 29, 2023 9:02pm
I have it up on TV and MT4, going to trade it as I see it on MT4 and compare with TV. With this I'm looking for a sweep of 1.09 while I look for other MT4 fractals. So far all I have found are showing the same.
  • #74
  • Jun 29, 2023 9:16pm Jun 29, 2023 9:16pm
Quoting charlienoble
I have it up on TV and MT4, going to trade it as I see it on MT4 and compare with TV. With this I'm looking for a sweep of 1.09 while I look for other MT4 fractals. So far all I have found are showing the same.
Show your chart please
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  • #75
  • Jun 29, 2023 9:29pm Jun 29, 2023 9:29pm
Quoting FireScape
{quote} yeah even though the last two candles are bear we’re still basing our bias off of fractal breaks only. The new red fractal would have to be breached and have a NFT for there to be bearish bias. If there’s no new fractals being interacted with our bias is still based on the last fractal breach which was the green low fractal which was a NFT to the down side (bullish). Price is just pushing down, but this could be good time to buy in discount when KZ comes around if there’s not another fractal
oh so closest two candles thay interact/break the fractal are what determines FT/NFT. got it thanks. Fractal low broken/interacted with Bear + bear =FT, if bear + bull = NFT
Seek first to understand, then to be understood
  • #76
  • Jun 29, 2023 9:31pm Jun 29, 2023 9:31pm
Quoting FireScape
{quote} Show your chart please
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  • #77
  • Jun 29, 2023 9:32pm Jun 29, 2023 9:32pm
Quoting toshio
{quote} oh so closest two candles thay interact/break the fractal are what determines FT/NFT. got it thanks. Fractal low broken/interacted with Bear + bear =FT, if bear + bull = NFT
there you go, exactly
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  • #78
  • Jun 29, 2023 9:36pm Jun 29, 2023 9:36pm
chart with fib target I mentioned earlier.

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  • #79
  • Edited 9:49pm Jun 29, 2023 9:38pm | Edited 9:49pm
Quoting charlienoble
{quote} {image} {image}
Ah, it's determined by broker. I added 10 different EURUSD and the fractals changed slightly on a couple of them
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  • #80
  • Jun 29, 2023 9:40pm Jun 29, 2023 9:40pm
different brokers can generate different fractals. so even though OUR fractals don't align, it doesn't matter. Your trading is based off your broker and chart. SO sometimes we can't compare setups (rare as they're the same most of the time)

adding to first post
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