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Power of Two System

  • #421
  • Jul 14, 2023 2:18am Jul 14, 2023 2:18am
Hi,
Today in EU killzone we had this nice setup.
The yellow lines was entry and stoploss (11 pips) target 31 pips top of the 4H. Problem was that this was the first time I saw a setup and I din not take it on a live account. If this continue to be a good system over time I will tet it also on my live account
Attached Image (click to enlarge)
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  • #422
  • Jul 14, 2023 2:29am Jul 14, 2023 2:29am
Quoting El1000
Hi, Today in EU killzone we had this nice setup. The yellow lines was entry and stoploss (11 pips) target 31 pips top of the 4H. Problem was that this was the first time I saw a setup and I din not take it on a live account. If this continue to be a good system over time I will tet it also on my live account {image}
The problem is: this wasn´t a valid setup. That was not a sweep of the last fractal nor a sweep of the dealing range.
  • #423
  • Jul 14, 2023 2:31am Jul 14, 2023 2:31am
Only valid setups I see today are a solid L on GU and a current long on USDCHF. Also a short in USDCHF if, according to ur broker, that a high sweep.
  • #424
  • Edited 2:45am Jul 14, 2023 2:34am | Edited 2:45am
Quoting HazHazHaz
Also another win, is today's USDCHF SFT Pro-trend trade taken also with a 2R:R instead of a 3R:R target. {image} {image}
I had it as FT, so no pro-trend trade for me, but my fractals display a bit different to yours, must be slightly different prices.

Nice trade though. Ive took the counter.
  • #425
  • Jul 14, 2023 3:04am Jul 14, 2023 3:04am
Quoting El1000
Hi, Today in EU killzone we had this nice setup. The yellow lines was entry and stoploss (11 pips) target 31 pips top of the 4H. Problem was that this was the first time I saw a setup and I din not take it on a live account. If this continue to be a good system over time I will tet it also on my live account {image}
Hmm, how did you do your range?

Because i had it as below, would have been no long setup during london.
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  • #426
  • Jul 14, 2023 3:05am Jul 14, 2023 3:05am
I took 2 counter trend trades today.

AJ H4 SFT Long Bias. CT short (extended sweep)
Hit SL. (-1R)
Attached Image (click to enlarge)
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USDCHF H4 SFT Short Bias. CT long (extended sweep of most recent internal fractal)
In progress
Attached Image (click to enlarge)
Click to Enlarge Name: Power2, 2023-07-14, 0203, USDCHF, Combo View CT Long.png Size: 44 KB
  • #427
  • Jul 14, 2023 3:11am Jul 14, 2023 3:11am
Took a loss on GU earlier on.

H4 GU
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M15 GU
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Have to work on my SL placement.
  • #428
  • Jul 14, 2023 3:12am Jul 14, 2023 3:12am
Quoting 1iquidity
{quote} Hmm, how did you do your range? Because i had it as below, would have been no long setup during london. {image}
Aye mate, I dont see a trade there either.
  • #429
  • Jul 14, 2023 3:20am Jul 14, 2023 3:20am
Quoting 1iquidity
Took a loss on GU earlier on. H4 GU {image} M15 GU {image} Have to work on my SL placement.
My candle highs on that swing high were the exact same price so my indicator didnt paint a fractal there. But I suppose if it painted then you've just got to take the trade. Your SL looks good though, you extended it to the dealing range high at the time.
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  • #430
  • Jul 14, 2023 3:21am Jul 14, 2023 3:21am
Quoting 1iquidity
{quote} Hmm, how did you do your range? Because i had it as below, would have been no long setup during london. {image}
Attached Image (click to enlarge)
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This was my range, then we had a close below my range.
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Then I have a new range.
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And last a wick below my range and a close above, this is my entry candle
  • #431
  • Jul 14, 2023 3:44am Jul 14, 2023 3:44am
Quoting Paulscaff1
{quote} I had it as FT, so no pro-trend trade for me, but my fractals display a bit different to yours, must be slightly different prices. Nice trade though. Ive took the counter.
I've also taken the counter for USDCHF and put 3RR for this since it's within range. It's already halfway into profit!
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  • #432
  • Jul 14, 2023 3:44am Jul 14, 2023 3:44am
Quoting nitethinker
{quote} This is my 4H dealing range right now. The SFT is still in play. When eventually a new fractal high is confirmed, then we wait for price to interact with the 4H range fractal high/low to determine the next bias. {image}
thanks mate
  • #433
  • Jul 14, 2023 3:44am Jul 14, 2023 3:44am
Quoting 1iquidity
Took a loss on GU earlier on. H4 GU {image} M15 GU {image} Have to work on my SL placement.
I felt that was a valid loss. After looking at your chart, I would also place my SL at the same level as yours. The next higher level would have been around 30+ pip SL.
  • #434
  • Jul 14, 2023 5:25am Jul 14, 2023 5:25am
Quoting nitethinker
I took 2 counter trend trades today. AJ H4 SFT Long Bias. CT short (extended sweep) Hit SL. (-1R) {image} USDCHF H4 SFT Short Bias. CT long (extended sweep of most recent internal fractal) In progress {image}
USDCHF
TP reached. +3R
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  • #435
  • Jul 14, 2023 5:38am Jul 14, 2023 5:38am
USDCHF - FT/CT Long Trade

Looks like a few of us got this
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  • #436
  • Jul 14, 2023 5:59am Jul 14, 2023 5:59am
Anyone placing sell stop on USDCHF for protrend SFT?
If this current candle is an inside bar it would invalidate the extended sweep right?
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Inside bar printed, sell stop deleted, adjust range to current

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Waiting for the sweep of current M15 range high during NY KZ
  • #437
  • Jul 14, 2023 6:18am Jul 14, 2023 6:18am
i lost 20% of my trade capital today can anyone help me out i am new here
  • #438
  • Jul 14, 2023 6:35am Jul 14, 2023 6:35am
I took a GU Setup

NYKZ - Buy

4h: https://www.tradingview.com/x/aZw8rN28/
15m: https://www.tradingview.com/x/dD4ToiO2/



Proof of execution:

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  • #439
  • Jul 14, 2023 6:36am Jul 14, 2023 6:36am
Quoting Paulscaff1
USDCHF - FT/CT Long Trade Looks like a few of us got this {image}
This for me wouldn't be valid since its SFT on 4h but congrats!

https://www.tradingview.com/x/2ts7swt2/
  • #440
  • Jul 14, 2023 7:00am Jul 14, 2023 7:00am
Quoting Outcast918
I took a GU Setup NYKZ - Buy 4h: https://www.tradingview.com/x/aZw8rN28/ 15m: https://www.tradingview.com/x/dD4ToiO2/ Proof of execution: {image}
Glad to see this as I'm in the same trade!
Edited: Hit SL. Ah can't win them all!
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