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Attachments: Power of Two System
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Power of Two System

I was waiting for this one for a few days.
GU long for 2.4R today. It might go to 3R but I always close @ 15:45 NY time in the cases I am still in a trade. Between 16:00 - & 17:00 my chart is inactive. Something to do with exchange rates for new trading day, at least that's the excuse my broker gave me.
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Quoting scotttaylor
As Founder of Evolution Markets and creator of The Power of Two I thought I'd say "hey" and I hope you are all enjoying the strategy. Happy to answer questions in here. I'll leave my EURUSD analysis for 13th October 2023 below. What are your thoughts? {image}
Hi Scott, I followed the videos and backtested the strategy for a long time, I do see the value in it and really want this to work for me but there is something that I'm missing:
The backtests/videos don't include trading commission, with a few brokers that I tried the minimum commission per lot per side is 3$. When I come and test the strategy the SL is not fixed so to use 1% of the account I'm required to use different lot values that increase the total commission ending up in not 3:1 ratio but much lower and with the win rate of the strategy it doesn't work.
The 3:1 ratio is real only if there are no commission, so getting 3% like you mention in the videos is not really 3% of the account, or am I missing something?
Good morning. I have a quick question regarding strong follow through extensions. Is there a maximum amount of sweep extensions we would use before the trade becomes invalid?

many thanks.

Ian.
Hi guys. Am i wrong with this one, because i'm new to the strategy and still have some doubts. It's from today.
On 4H we have SFT, so i can go countertrend anywhere. In a LK i entered after internal sweep. Ended up -1R. Is it correct or am I missing something?
Thanks for help
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Hi Biniu. momentum and directional bias look bullish so longs from premium or discount would be my play. shorts would be low probability imo due to being counter trend/momentum.

I am no expert so maybe someone else might be able to offer a bit more advice.

ian.
Quoting Shnarf76lfc
Hi Biniu. momentum and directional bias look bullish so longs from premium or discount would be my play. shorts would be low probability imo due to being counter trend/momentum. I am no expert so maybe someone else might be able to offer a bit more advice. ian.

Correct...

EURUSD and GBPUSD both are bullish momentum, and SFT to the upside meaning buys hold higher probability playing out VS sells

Also means with SFT we can buy from anywhere inside the current 4h dealing range. Premium and "Not Well Priced Zone" are in play for longs too


Nice to see you guys and girls utilising the strategy to its fullest potential. November has been an excellent month to date
Scott Taylor
Ok. this is a great example from BINIUE.
1. To which "SFT" is Taylor referring too? I see the green candles to the very left but that price action is not relevant to what is currently occuring. On the contraring I see NFT at the fractal under the big green dot.

2. Looking at the H4 chart, doesn't the break of that second to last fractal consitute an adjustment to the 4H range? Thus that would place the M15 price action in the discount section of the range and buy signals would be the thing to look for. See image.

PEACE
Jess
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Our AWESOME IMAGINATION is the true holy grail!
H4: SFT
Momentum: bullish
M15: sweep a fractals
But..unlucky
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Quoting scotttaylor
{quote} Correct... EURUSD and GBPUSD both are bullish momentum, and SFT to the upside meaning buys hold higher probability playing out VS sells Also means with SFT we can buy from anywhere inside the current 4h dealing range. Premium and "Not Well Priced Zone" are in play for longs too Nice to see you guys and girls utilising the strategy to its fullest potential. November has been an excellent month to date
Question for you Scott, when we have fractal sweep on the 15min inside session, whether it is an extended sweep or a regular one, when it is followed by an inside bar, does that invalidate the entire trade idea or just invalidates any further sweeps? I'm genuinely curious.
Quoting xmess7
Ok. this is a great example from BINIUE. 1. To which "SFT" is Taylor referring too? I see the green candles to the very left but that price action is not relevant to what is currently occuring. On the contraring I see NFT at the fractal under the big green dot. 2. Looking at the H4 chart, doesn't the break of that second to last fractal consitute an adjustment to the 4H range? Thus that would place the M15 price action in the discount section of the range and buy signals would be the thing to look for. See image. PEACE Jess {image}
Read posts 295, 329, 595 and 606 and see if they clear your doubts.
Quoting Landoxo
{quote} Question for you Scott, when we have fractal sweep on the 15min inside session, whether it is an extended sweep or a regular one, when it is followed by an inside bar, does that invalidate the entire trade idea or just invalidates any further sweeps? I'm genuinely curious.
Take a look at this.
Have I marked the 4-hour zone correctly? FT means I can only look long at the bottom of the zone?
Thank you for every answer.
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Quoting lukwilma
Have I marked the 4-hour zone correctly? FT means I can only look long at the bottom of the zone? Thank you for every answer. {image}
Yes, you are spot on with mark ups.
And yes, FT means you could look for Buys in the bottom zone (aka Discount)
GU no setups for me.
UC long for 1:2.
Experimenting with AUD/USD... long position for 1:1.5.
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  • Post #815
  • Quote
  • Edited Nov 21, 2023 9:14am Nov 20, 2023 10:41pm | Edited Nov 21, 2023 9:14am
Quoting klavi6a
GU no setups for me. UC long for 1:2. Experimenting with AUD/USD... long position for 1:1.5. {image} {image} {image}
Just to share that due to broker's feed difference, my USDCHF is SFT short bias, and so I took a short entry and it is still running.

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UPDATE: +2R
A long wait.
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Quoting nitethinker
{quote} Just to share that due to broker's feed difference, my USDCHF is SFT short bias, and so I took a short entry and it is still running. {image}
WOW! That's quite a difference if I may add.
Thanks for sharing my friend!!!
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Two Short sales today on AU.
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H4: FT
Momentum: bullish
M15: sweep a fractals and price in discount
But..unlucky... who can give me an advice
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Quoting hamletpro
H4: FT Momentum: bullish M15: sweep a fractals and price in discount But..unlucky... who can give me an advice {image} {image}
I know Garland Trader on youtube caught this trade aswell and took the loss, hes just started live forward testing, can follow along on Telegram.
Quoting Paulscaff1
{quote} I know Garland Trader on youtube caught this trade aswell and took the loss, hes just started live forward testing, can follow along on Telegram.
I'm wondering why he used different KZ time in london sessio. Seems like he delayed it by 1 hr
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