Disliked{quote} @Bazenga had given a clear and comprehensive take on these scenarios on post #322.Ignored
Two charts, Two scales, One window 2 replies
The Power Of Now 4 Forex 14 replies
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Disliked{quote} @Bazenga had given a clear and comprehensive take on these scenarios on post #322.Ignored
DislikedEURUSD FT Short Bias {image} Counter bias long after extended sweep, NYKZ Strong impulsive move down, but it already did its average daily range. Target 3R but may consider moving to breakeven if price reach 2R. {image} Update: TP Hit +3R {image}Ignored
Disliked{quote} NICE!!! I hope I may ask you three questions: - Where do you get the ADR (Average Daily Range) ? I've tried before to get an indicator with no luck. - How many pips you add on EU & GU for your SL? 1? 2? 3? (I tried calculating by myself but not visible on your screenshots) - What is ICT One Setup For Life?Ignored
Quick note: My current approach to SL is not to be so stress/strict about calculating it. For example, when I drag the risk/rewards tool to the candle high and low, the SL distance on my chart was 10.2pip. I simply round it up to 11pip and then add 2pip to make it 13pip. I do not want to stress myself doing the math to set an exact SL of 12.2pip.
Disliked{quote} The ADR indicator I used was meant for MT4. I downloaded from this thread in FF. I use 2 pips for EU, and 3 pips for GU (refer to the most recent video where Scott did a recap on GU, and said that he used +3pip for GU). In my screenshot, the SL can be seen on the vertical price axis on the right side of the chart. It was the red level of 1.08720. Similarly, the entry was grey color showing the price 1.08850. Please ignore this indicator, I made it invisible...Ignored
Disliked{quote} 1. My platform is TOS, and it has its own language -thinkScript, like TradingView's pineScript. In the pic below, on the righthand side 15m chart you'll see in the top left corner a blue box for the ADR. That's what I found so far. It's a custom indicator that I must tweak a bit because I think it is for stocks. But before I commit few hours in trying to achieve that, I must ask if you often use it as a confirmation? 2. I saw Scott's latest video and that was a good one for me. But I often find myself in situations where 2 pips are not enough....Ignored
Disliked{quote} No no no! Sorry to have mentioned about the ADR. I don't usually refer to it, actually that was first time since I started using TPOT; but for that trade, price was strongly bearish, and the extended sweep was over many candles already. I recalled Scott's video mentioning about if we felt that price had over extended, we could choose to counter trade it. I was not too confident and wanted an additional reason to support the narrative, that's when I open MT4 and drop in the indicator to have a look and saw that the daily range was exceeded....Ignored
Disliked{quote} 1. I was looking for ADR long before I found TPOT. The best I found was a chart from a shady website with what they claim to be data from the last 20 years. But at the same time latest data was from 2019 so pre-covid and pre-war.... in other words, before "shit hit the fan" days. So, I think using ADR as an excuse to go into a trade is not senseless & careless at all. 2. I guess you are at the point where you simply accept the fact that you play a game you are not in control of, and you have to play by Banks rules and bite the dust occasionally....Ignored
Disliked{quote} May I ask you, when backtesting TPOT, how many trades you have per month? On average? Not asking for Wins or Losses, but trades overall.Ignored
Disliked{quote} About 8 per month. This week had more, there were around 3 to 4 setups if I am not wrong, although I only took 1 trade so far.Ignored
Disliked{quote} Ok, so I am not wrong. I got 8 trades per month for 5 months of backtesting. I wanna ask you this. Look at the screenshot. SO, I have a SFT but price made a Fractal High on 4H. After this fractal is formed do I still go for Long anywhere in the P/D array? Or now I wayt for price to drop below EQ and look for long? Or wait for the price to interact with a 4H fractal? P.S>. This is 10/05/2022 {image}Ignored
Disliked{quote} ... so far I felt SFT win rate wasn't as good as NFT or FT.Ignored
Disliked@Klavi, you can go read discussions +/- post #514. @Paulscaff1's made a concise and helpful comment.Ignored
DislikedDid I mess up or everything is according to the rules and it's just a losing trade? {image}Ignored
DislikedGBPUSD H4 NFT Long Bias 4 hour in a range {image} Counter NFT Short Counter bias trade. Targeting 3R but may lower to 2R if needed. {image} Update. SL Hit Interesting trade. Counter trade if target 2R only would be successful. There was also a long trade (which I did not take) that would have yield 3R. {image}Ignored
Disliked{quote} 1) Why the Long Bias on GU? There was a NFT to the downside, but at the same time momentum was to the down. three consecutive LH and two LL. Why the bullish bias? 2) On that short that did not work out - was ur SL 5.3 pips above the entry candle's High? If it was 5.3 may I assume that you round up from 1.27441 to 1.2745, then add 3 pips SL and add the spread for a total of 5.3? (1.27494)Ignored