Power of Two System

Quoting Bazenga

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{quote There is only one situation where you might take a trade that swept liquidity outside a killzone: if it subsequently gets an extended sweep, without any inside bars, and finally sweeps the 15 minute range inside the killzone. That's the entry mode 2 I had described in post #322.

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Quoting HazHazHaz

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{quote} I'm afraid I have to trouble you again, but can you kindly show me a diagram of that you described there? I've been jumping from one strategy to the next, but I feel this strategy might just be for me.

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Quoting Bazenga

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{quote} Have a look at the image below. The big brown rectangle is the 15 minute range, delineated by the left-most fractals inside it. The light green zone is the killzone. So as you can see, the price first breaches the 15 minute fractal outside the killzone. This breach should be ignored. But the next candle after that breach extends the liquidity sweep, and ALSO breaches the 15 minute trading range. This then becomes a valid trade entry point, under entry mode 2. {image}

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Quoting HazHazHaz

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{quote} Thanks for this! I shall have to summarise the rules in a document soon. You have been a great help! Have you found success with this strategy?

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Quoting Paulscaff1

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{quote} Funny you mention that, "I was told" that in one of the paid mentorahip videos, one of the other instructors was going through a backtest and there was an almost identical occurence, sweep happened one bar before the killzone, next bar was the killzone open (inside bar), and he placed his order under the sweep bar. Whether it was deliberate or an oversight, im not sure. I was actually thinking the same thing when I saw it on EU this morning. But I believe 1iquidity is correct in that, you can only counter from a FT, but not a SFT., so it...

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Quoting FireScape

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{quote} you can counter in SFT just a heads up

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Quoting HazHazHaz

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{quote} Hi just wanna clarify, if the M15 fractal/ zone breach occurs before KZ, but the consequent high/ low of the candle is penetrated during the KZ, is that counted? Please refer to diagram. Thanks for the help! {image}

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Quoting El1000

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{quote} Hi HazHazHaz, this trade is in the Killzone as Scott has extended the Killzone with 30 minutes from 07:30 (UK time) {image}

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Quoting FireScape

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Busy at work, how did PoT perform today for everyone?

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Quoting nitethinker

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This is not in the 3 official pairs. I chose to add this JPY pair to have 4 to trade. AUDJPY H4 SFT Short Bias NKYZ recent fractal sweep for a long entry at discount, anticipating a retrace to premium, for short setup to go with the SFT bias. {image}

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Quoting HazHazHaz

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{quote} Thanks El1000, but I have extended it. The sweep occurs before that at the 07:15 candle. Also, USDCHF hit TP for me yesterday. SFT trade. {image} {image}

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Quoting Paulscaff1

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{quote} Nice trade mate. I actually cancelled that order after we printed an inside bar, looks like it was worth the risk though

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Quoting trungducsp2

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{quote} SFT Yesterday: EURUSD 1 SL, 1 TP +2R {image}

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Quoting HazHazHaz

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{quote} I honestly am still trying to wrap my mind around the inside bar criteria... Like, when do we have to do what when we see an inside bar exactly? Is it because the bullish inside bar (in the USDCHF trade above) signals a potential reversal and that it won't longer be a SFT? How many candles after the initial sweep of the H4 range is a SFT still valid? I hope someone is kind enough to clarify. Thanks in advance!

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Quoting Paulscaff1

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{quote} From my understanding, on your the entry timeframe....when we get an extended sweep, an inside bar then invalidates the trade setup idea. Im pretty sure Scott mentioned it in a video, im guessing its due to his testing results. In general though, an inaide bar at the end of a sweep would usually be a good thing though, so its a tricky one. I was trading Stacey Burkes methodology a while back, and an inside bar at the end of a stop hunt/ 3 push pattern was an entry trigger itself. I was just playing it safe though and going with the up to...

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Quoting Paulscaff1

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{quote} From my understanding, on your the entry timeframe....when we get an extended sweep, an inside bar then invalidates the trade setup idea. Im pretty sure Scott mentioned it in a video, im guessing its due to his testing results. In general though, an inaide bar at the end of a sweep would usually be a good thing though, so its a tricky one. I was trading Stacey Burkes methodology a while back, and an inside bar at the end of a stop hunt/ 3 push pattern was an entry trigger itself. I was just playing it safe though and going with the up to...

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Quoting HazHazHaz

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{quote} Hi Paulscaff, thanks for that. But now I have another question. Why does Scott adjust the M15 range to "just to follow price" at 5:23 and at 6:52? Isn't the range created by fractals?

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