Would like to ask if this is the correct range? On 4 Hour there is a new fractal, Im not quite sure but as far as I remember this would mean, that this current setup is wrong ..
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Disliked{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!Ignored
Disliked{image} {image} Would like to ask if this is the correct range? On 4 Hour there is a new fractal, Im not quite sure but as far as I remember this would mean, that this current setup is wrong ..Ignored
Disliked{quote} Hey Andreyt. Your setup looks okay. You have extended your 4 hour range to the new high, which happens to be where the new fractal is. As long as this level, that has the new fractal, isn't breached by the price, then your trade setup remains an NFT. But if the price goes up and breaches the level (that is, touches AND penetrates the level), then you immediately need to stop looking for trades, go back to the 4hr TF, and wait for the 4hr candle there to close. If it is a wick cross, then you have yet another NFT. But if it is a body cross...Ignored
Disliked{quote} Hey Haz. You've asked an important question about inside bars. Here's my current understanding. First look at the image below. Note the liquidity sweep to the downside of the nearest fractal, during a killzone (pale green area). I've labelled the bearish candle that sweeps the liquidity as 1. You'd place a buy stop order at its high, assuming that all other criteria for TPOT are valid. The stop loss would of course be 1 or 2 pips below the candle's low (1 pip for EURUSD, 2 pips for GBPUSD, unspecified for USDCHF: choose a distance, and stick...Ignored
Disliked{quote} I get it now, thank you! Sound like it would be tricky to monitor and practice this in live charts, as they may wick to trigger the pending order (the high of candle 3 in this example) and then continue the extension to breach the low of candle 3 in this example. I assume this is the same case at the H4 TF right?Ignored
Disliked{quote} If the setup wicks and triggers the trade, and then whipsaws straight to the stop loss, that's a lost trade, and it is fine, because it happened within the parameters of a valid trade. It is an on-plan loss. An important thing to have in mind in trading is that not all of your trades will end up as winners. If you have a trading system where the win rate is 50%, that means that 50% of your trades will end up as losers, even when you religiously follow the system. And sometimes, you will experience a string of losses before another win comes...Ignored
DislikedThe creator of the system had admittedly expressed that the win rate isn’t groundbreaking. It’s 40% most of the time. You’ll have to really become comfortable with the idea of losing. It’s a key psychological component to this system. However it should be relatively easy when you really start to value those 3 r tpsIgnored
Disliked{quote} indeed. That's partly why backtesting can be so useful, because then one can have an idea of the kind of statistical variance to expect with the system. Statistical variance refers to how significantly the wins and losses veer away from expectations. For instance, with a 50% winrate system, the theoretical expectation is that wins and losses will sort of interchange: a win, followed by a loss, followed by a win, etc. But in reality, one might experience lengthy strings of losses (or wins), like say WWWWLWWLLLLWLLLLLLL.... A thorough backtest...Ignored
DislikedSo in my experience, at least that's how I personally feel, losing trades don't mean shit as long as you stick to your system. The problem is, if you are not sure whether you have analyzed everything correctly and doubt, then the lost trades become a problem, because you do not know whether it was simply a lost trade due to probabilities and you have done everything right or whether you have made a misjudgement. In the first case, you don't get emotional at all (at least I don't) because you know that you did everything right and that's part of...Ignored
Disliked{quote} Hey Haz. You've asked an important question about inside bars. Here's my current understanding. First look at the image below. Note the liquidity sweep to the downside of the nearest fractal, during a killzone (pale green area). I've labelled the bearish candle that sweeps the liquidity as 1. You'd place a buy stop order at its high, assuming that all other criteria for TPOT are valid. The stop loss would of course be 1 or 2 pips below the candle's low (1 pip for EURUSD, 2 pips for GBPUSD, unspecified for USDCHF: choose a distance, and stick...Ignored
Disliked{quote} I totally get what your saying mate, and would tend to see it the same. Its just that in the timestamp he uses the term "Inside bars invalidate extended sweeps" almost like its a general term, and sounded like something he would have written down. Im not sure whether he means the this is a "universal rule" for extended sweeps, or only in the context of that particular trade due to the fact that the trigger bar was too big to frame a trade. Is there a source that confirms what you said mate, just for clarification/reference.Ignored
DislikedThis strategy is from Evolution Markets, I have been there student and mastered their approach. 1h and 5m combo doesn’t work well I tried it the winrate exponentially decreases and the frequency is too high for you to be able to realistically capture all moves. the 1H and 5m combo is not to be used on prop firms accounts since the risk of blowing out os too high. other than that from what I can see the people here have a very good understanding of the strategy. I haven’t see anyone talking about CTFT setups or SFTCT setups. not sure if it was apart...Ignored
Disliked{quote} Yes, I posted some screenshots in post number 306. You can click through. I got those screenshots from the comment section of the video you had timestamped. You too can go through the comment section there, and verify. By the way, members, if you want the complete system, with all fine details ironed out, you'll need to watch ALL of Scott Taylor's videos in YouTube, AND read all the comments beneath, especially...Ignored