Power of Two System

Quoting nitethinker

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EURUSD NFT Long Bias My broker's data feed made an NFT in TradingView. I checked MT4, there was no setup yet. FXCM also has no setup yet. Since I have moved to drawing up the charts in TV, I will trade according to my broker's feed. {image} NYKZ Long Entry Entry almost at the end of NYKZ. {image}

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Quoting klavi6a

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{quote} {image} I'll paraphrase - Can we enter on this candle even that it has not closed yet?

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Quoting Patmontes

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{quote} NFT = wick close of a 4H high or low fractal interaction. OR 4H high or low fractal interaction of a Bullish/Bearish body candle, then next candle is Bearish/Bullish close. Hope that made sense. SFT = 2 consecutive Bullish/Bearish Body closes interaction with 4H high or low fractal FT = 4H high or low fractal interaction by Bullish, Bearish, Bullish (in that order) candle body closes and vice versa for shorts. UNC = unconfirmed, Bullish or Bearish body close 4H high or low fractal interaction

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Quoting nitethinker

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{quote} Hi Klavi Based on my chart, the red candle (1 candle before) had closed and its low was lower than the 'fractal low' to the left of the chart. So that makes it an NFT. Then I dropped down to 15min. Drew the 15min range box. Price swept the lower range. So I entered using a stop order. {image} But in your own chart, you will wait for the candle to close before a setup present itself. {image}

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Quoting klavi6a

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As you can see, I am made out of questions, but I promise - this is the last for today. (Question is in the picture) This is from May/2/2022 @ 2:00 am NY time. {image}

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Quoting klavi6a

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{quote} I see it now. So that's a prime example how brokers have slightly different price representation. P.S.> On my chart I have a NFT now but already outside NY killzone. Apropos, what KZ times are you using for LDN & NY? {image}

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Quoting nitethinker

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{quote} From what I gathered: Typical KZ when Evolution Market first started with the strategy was: London KZ: 3am to 5am NY Time New York KZ: 8:30am to 10:30am NY Time. After watching all the free Youtube videos and the comments for each videos, I think Scott extended his session by 30min. So now I am using these KZ timings: London KZ: 2:30am to 5am NY Time New York KZ: 8am to 10:30am NY Time But you should do some backtesting to see if you are comfortable with the extended session or stick to the original ones.

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Quoting klavi6a

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{quote} Thank you for the pic with 4H dealing rage rules. I'll get to it after dinner. As far as the KZ times, I've been trying 2:30 - 5:00 & 7:30 - 10:00. I also am trying ICT's 2 -5 & 7 - 10. No need to mention that I am all over the place for now. One thing I am trying to figure out is - is there a time limit for this strategy. So far, I haven't seen anything in Scott's videos about that. I mean I see a setup and take the trade; it is going in my direction ... but it's taking long time. By long I mean, for example I take a trade during...

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Quoting nitethinker

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{quote} Not that I know of. I think it is generally a set and forget strategy. But I remember there were hints in one of the videos that if there was a trade in progress and if a major news was coming up soon, it would be wise to close it. If we let the trade play out there would definitely be a chance of missing TP a few pips and end up in SL.

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Quoting klavi6a

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{quote} Exactly what I experienced. {image}

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Quoting nitethinker

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{quote} I do not have a readily available chart to check on May 2022, but based on your chart, the setup looked correct and entry was accurate too (I assumed it was during KZ). So just unfortunate that it ended up hitting SL. Another possible reason could be that it was NFP week and there was FOMC too, these might have played a part.

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Quoting klavi6a

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Can anyone tell me if I marked my 4H dealing range properly for EU & GU? No matter how many times I go back and redo them, I always end up with same mark ups. GU with NFT and EU with SFT. And that is weird to my me. {image} {image}

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Quoting nitethinker

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{quote} You had marked up correctly for both.

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Quoting klavi6a

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I followed Scott's Checklist: - LQ sweep on 15m - In KZ - On the proper side of the P/D - After NFT ..... and yet, a loss on EU and GU is headed toward a loss as well. {image} {image}

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Quoting nitethinker

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{quote} You might want to consider that there were USD news at 8:30 and 10:00 NY time. (Therefore I did not want to risk taking any trade). {image} Also for EU, on the technical aspect of trade setup, go to page 20 of this thread and read the discussion on inside bar. There would be no entry. Your GU is still in progress, so it may still play out, all the best.

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Quoting klavi6a

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I just came across an interesting example. So, after NFT to the upside, in Premium, a candle swept 15 Buyside Liq, but that was the candle before LDN open. That is invalid setup. However, the first candle after LDN open is an extended Lq sweep. Would you set a sell-stop order on that candle? Technically the sweep happened outside KZ, but if extension is part of the sweep and the extension is inside KZ....? here is the example from 6/28/2022. {image}

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