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Power of Two System

  • #161
  • Jul 3, 2023 7:35am Jul 3, 2023 7:35am
Quoting HazHazHaz
{quote} I am looking at it and it is a NFT? Isn't it over the NY Killzone though?
It's kind of a loose guideline too as every ICT trader defines their KZs different. For example this KZ indicator uses this

Just make sure there's still good volume and liquidity in the market so we know manipulation can be at hand, and so our trades can conclude quicker
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Can't go broke making profit
  • #162
  • Jul 4, 2023 1:13am Jul 4, 2023 1:13am
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If u dont trade liquidity, you are the liquidity
  • #163
  • Jul 4, 2023 7:05am Jul 4, 2023 7:05am
Quoting rightahead
{image} {image}
correct
Can't go broke making profit
  • #164
  • Jul 4, 2023 1:01pm Jul 4, 2023 1:01pm
Quoting rightahead
{image} {image}

+6% . is not enough for the week ? )
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If u dont trade liquidity, you are the liquidity
  • #165
  • Jul 4, 2023 3:18pm Jul 4, 2023 3:18pm
Quoting rightahead
{quote} +6% . is not enough for the week ? ) {image}
Very good job man, the creator himself and many others just posted this exact setup in in his telegram. Well done!
Can't go broke making profit
  • #166
  • Jul 4, 2023 3:36pm Jul 4, 2023 3:36pm
I'll cover this trade in depth in a few, but this trade also confirms - If your external fractal range is not interacted with, even if a new fractal prints, you can continue using that range. That's why we can trade multiple 15M setups within the same range without reducing or expanding the external range over and over. So think of it like major fractals and minor fractals. If major external fractals are not interacting with our original bias, the range can stay the same
Can't go broke making profit
  • #167
  • Jul 4, 2023 3:37pm Jul 4, 2023 3:37pm
It's a fully mechanical trading system which you can easily use on repeat over and over while maintaining a strike rate above 40% reducing emotion from your trading.
Can't go broke making profit
  • #168
  • Jul 4, 2023 4:17pm Jul 4, 2023 4:17pm
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Can't go broke making profit
  • #169
  • Jul 5, 2023 1:40am Jul 5, 2023 1:40am
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cut your losses short and let your profit run
  • #170
  • Jul 5, 2023 3:20am Jul 5, 2023 3:20am
Quoting bleeze
{image} {image}
Although it's a good move toward tp, but it's not in London Killzone, so we didn't get it in strategy.
the London Killzone starts from 3:00 in Newyork time(utc-4)
If u dont trade liquidity, you are the liquidity
  • #171
  • Jul 5, 2023 3:58am Jul 5, 2023 3:58am
Quoting HazHazHaz
I know it's not the KZ yet, but I just need to check if my drawings are right... NZDUSD H4 and M15 NFT {image} {image}
clearly identify your follow through in H4, as the entire setup starts with this logic. Your chart is very cluttered and it’s hard to see your FT or NFT

Try to make it similar to how bleeze and right ahead have their charts
Can't go broke making profit
  • #172
  • Jul 5, 2023 4:02am Jul 5, 2023 4:02am
Quoting rightahead
{quote} Although it's a good move toward tp, but it's not in London Killzone, so we didn't get it in strategy. the London Killzone starts from 3:00 in Newyork time(utc-4)
I agree, if we start to take every setup outside of KZ(give or take an hour because of loose KZ definitions) we’ll start to skew the logic and intended methodology of the original system.

however fundamentally very clean setup
Can't go broke making profit
  • #173
  • Jul 5, 2023 4:08am Jul 5, 2023 4:08am
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If u dont trade liquidity, you are the liquidity
  • #174
  • Jul 5, 2023 4:47am Jul 5, 2023 4:47am
Thank you very much for the details explanation.
I think some puzzles are missing here.
How long the trades need to be play out.
Whether news days will be counted or not?
Some psychological and money management issues need to be solved.
One more fundamental questions I have though,
SFT— two candles in the same direction after taking fractal.
NFT- candle close after the wick take the fractal or the next candle is in opposite side.

After wick takes the fractal and the next candle finishes in the same direction then how do you decide your bias?
Anyone with a backtesting observation?
  • #175
  • Jul 5, 2023 5:17am Jul 5, 2023 5:17am
Quoting rightahead
{image} {image}
Can't go broke making profit
  • #176
  • Jul 5, 2023 5:21am Jul 5, 2023 5:21am
Quoting arman.taposh
Thank you very much for the details explanation. I think some puzzles are missing here. How long the trades need to be play out. Whether news days will be counted or not? Some psychological and money management issues need to be solved. One more fundamental questions I have though, SFT— two candles in the same direction after taking fractal. NFT- candle close after the wick take the fractal or the next candle is in opposite side. After wick takes the fractal and the next candle finishes in the same direction then how do you decide your bias? Anyone...
trade length? Once you enter trade you leave it until your tp or sl
Can't go broke making profit
  • #177
  • Jul 5, 2023 5:24am Jul 5, 2023 5:24am
Quoting arman.taposh
Thank you very much for the details explanation. I think some puzzles are missing here. How long the trades need to be play out. Whether news days will be counted or not? Some psychological and money management issues need to be solved. One more fundamental questions I have though, SFT— two candles in the same direction after taking fractal. NFT- candle close after the wick take the fractal or the next candle is in opposite side. After wick takes the fractal and the next candle finishes in the same direction then how do you decide your bias? Anyone...
money management is 1:3, probably the best MM you’ll find in a system. Psychologically, it’s an easy system to trade because you set and forget, and use alerts. No need to stare at charts
Can't go broke making profit
  • #178
  • Jul 5, 2023 5:37am Jul 5, 2023 5:37am
Quoting FireScape
{quote} trade length? Once you enter trade you leave it until your tp or sl
I understand that, while I was backtesting I entered a trade keeping in mind 1:3 RR and spread. The trade ran for 3 days without hitting TP and went to as far 2.43 RR, then reverses in a major news day,hit my SL and run on to hit the original TP.
I am newbie trying to find out what should to do in that scenario.
Should I close the trade after it clears the whole internal liquidity if it runs more than 2 days.
Should I close the trade before major news day?
This scenario doesn’t happen everyday I know but it’s a unique situation could happen often.
So,I am trying to figure out if anyone nacktestem and comes up with a solution in that case which fits better.
  • #179
  • Jul 5, 2023 5:52am Jul 5, 2023 5:52am
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cut your losses short and let your profit run
  • #180
  • Jul 5, 2023 5:55am Jul 5, 2023 5:55am
NZDUSD NFT
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