Tease Me more @cpfleger | Page 218 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

More risk, more profit: is it true? 36 replies

If more and more people long, is it likely moving up? 11 replies

Do you go LONG MORE or SHORT MORE? 12 replies

more knowledge more problems 25 replies

Attachments: Tease Me more @cpfleger
Exit Attachments

Tease Me more @cpfleger

  • #4,341
  • Jan 20, 2024 2:28am Jan 20, 2024 2:28am
Quoting Ronin-
Hi X, hope you feel better soon. I will give some background to this tease as the trading methods in this thread are discretionary i.e. not 100% rule based. Whilst SR Direction is a good indicator, the repaint was fustrating and did catch traders out. Therefore started searching for a non-repaint method. Wanted something inherent in the market, occurred often and could be traded on the mobile version of mt4; where indicators available are limited to the basics. This led to fair value gaps (FVG) before C mentioned it in this thread; nothing new to...
Hi - I've used Smart Money Concepts (of which FVG's are a part) for some time now. I tend to use them more as targets because although it is market inefficiency (sometimes deliberately created), in essence they are also areas of liquidity. Your take is an interesting one if used on smaller time frames and I look forward to following with interest. I seem to remember there was a guy on Forex Factory (Bilal was his name I think) who used them on M1 but I can't remember the thread name. I didn't really follow at the time because I'm more interested in FVG's on H4 or higher, but of course no reason why you can't use those and drop down to a lower time frame (M5/M15) for entry.
  • #4,342
  • Jan 20, 2024 3:13am Jan 20, 2024 3:13am
Quoting handy148
{quote} Hi - I've used Smart Money Concepts (of which FVG's are a part) for some time now. I tend to use them more as targets because although it is market inefficiency (sometimes deliberately created), in essence they are also areas of liquidity. Your take is an interesting one if used on smaller time frames and I look forward to following with interest. I seem to remember there was a guy on Forex Factory (Bilal was his name I think) who used them on M1 but I can't remember the thread name. I didn't really follow at the time because I'm more interested...
I imagine you mean bilal1947.

Sistema de acción de precios de 1M | Fábrica de Forex (forexfactory.com) (https://www.forexfactory.com/thread/1048270-1m-price-action-system?)

Bilal's - one minute price action system English ver - ICT (youtube.com) (https://www.youtube.com/watch?v=8rSH_z8qnYQ)
Saludos, K.
  • #4,343
  • Jan 20, 2024 3:35am Jan 20, 2024 3:35am
Divergence can also play an interesting part in trading.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB
  • #4,344
  • Jan 20, 2024 5:39am Jan 20, 2024 5:39am
Quoting handy148
{quote} Hi - I've used Smart Money Concepts (of which FVG's are a part) for some time now. I tend to use them more as targets because although it is market inefficiency (sometimes deliberately created), in essence they are also areas of liquidity. Your take is an interesting one if used on smaller time frames and I look forward to following with interest. I seem to remember there was a guy on Forex Factory (Bilal was his name I think) who used them on M1 but I can't remember the thread name. I didn't really follow at the time because I'm more interested...
Thank you. It has all been done before! It is just findng what provides the best probability of success. However I'm trying to keep it as simple as possible.

Yes I find it works best on M1 and M5 time frames. Wait for the change of direction of FVG. However on occassion the FVG will be taken out. Further reading suggested wait for market structure shift. This where fractals come in.

I cam across this article which helped overcome some of the losing trades if just based on change of FVG. Maybe helpful: https://medium.com/@MellissaCBurkett/how-i-make-1000-every-week-day-trading-futures-strategy-indicator-fc972a8a47ca
If you look at the cached version the whole article can be seen. I have attached the text of the article.

I'm out and about this weekend so apologises for no example pictures
Attached File(s)
File Type: txt Article.txt   5 KB | 164 downloads
  • #4,345
  • Jan 20, 2024 7:41am Jan 20, 2024 7:41am
Finally got a moment to make an example chart of the FVG Reversal Method showing how it works and repeats with the cycles in the market:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB

The blue and red lines are fractal period 5.
Target tends to be last fractal LL or HH to the left of the chart (Handy148 ;-)).
Will post indicators and template when time allows.

The FVG Indicator alone may help with your current method.
Hope it makes sense.
  • #4,346
  • Jan 20, 2024 8:15am Jan 20, 2024 8:15am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 300 KB
  • #4,347
  • Jan 20, 2024 8:37am Jan 20, 2024 8:37am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 312 KB
  • #4,348
  • Jan 20, 2024 9:16am Jan 20, 2024 9:16am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 320 KB
  • #4,349
  • Jan 20, 2024 9:27am Jan 20, 2024 9:27am
YOU know you want to master this trading process and collect your rewards every Friday from that smooth criminal - called The Broker.....
Yes YOU do.
  • #4,350
  • Jan 20, 2024 9:43am Jan 20, 2024 9:43am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 407 KB
  • #4,351
  • Jan 20, 2024 11:41am Jan 20, 2024 11:41am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 314 KB
  • #4,352
  • Jan 20, 2024 12:01pm Jan 20, 2024 12:01pm
Quoting cpfleger
{image}
Fair enough, my apologies. Happy New Year to you too.

The question remains if the cost averaging method serves you so well. Why not teach the method to others?

It would appear this is a simpler method then counting 3 candles. Just requires patience and keep a big margin.
  • #4,353
  • Jan 20, 2024 12:15pm Jan 20, 2024 12:15pm
Quoting Ronin-
{quote} Fair enough, my apologies. Happy New Year to you too. The question remains if the cost averaging method serves you so well. Why not teach the method to others? It would appear this is a simpler method then counting 3 candles. Just requires patience and keep a big margin.
In my humble opinion, counting 3 candles... is definitely more interesting and safer.
Going against the grain... Unless, with a really large account balance, you bet on very small positions, then the risk does not matter much because you will always come out on top by properly averaging the loss or departures. However, if the position is not small, then trading against the trend... we know what the end result will be.
And the most important thing is positive transaction continuity in the long run.
So, Ronin, as soon as you find a free moment and the willingness to share your new strategy, I personally would like to ask you to share it. Thank you and I wish you a million green pips <3 <3 <3
  • #4,354
  • Jan 21, 2024 10:14am Jan 21, 2024 10:14am
xinitial,
Sunday Teaser.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 378 KB
  • #4,355
  • Jan 21, 2024 6:12pm Jan 21, 2024 6:12pm
Wowww....
I miss alot.....
xinitial.
  • #4,356
  • Jan 21, 2024 6:17pm Jan 21, 2024 6:17pm
Quoting cpfleger
xinitial, Sunday Teaser. cpfleger {image}
The MACD and blue lines tease me alot hahaha.
xintial.
  • #4,357
  • Jan 22, 2024 9:21am Jan 22, 2024 9:21am
Ronin, thank you
You gave me the idea for a simple FVG setup. It's my habit that when I'm interested in something, I search the entire Internet. I'm so FOMO for strategies and indicators. I bought a new toy today. I don't own any of this, I'm not a seller or programmer.
I test it on various TFs (non-standard TFs, M1.5, M2, H1.5 etc) and on various renkos. I won't comment. I can honestly recommend purchasing this invention. MQL5: Smart Price Action Concepts And of course One Million Pips to every Trader
Attached Image (click to enlarge)
Click to Enlarge Name: VVFFGG 2024-01-22_161024.jpg Size: 724 KB
  • #4,358
  • Jan 22, 2024 9:53am Jan 22, 2024 9:53am
Kraneos, your strategy, looks good with this toy too. Thank you and One Million Green Pips!!
End for today. I'm going to the sauna with my friends and I wish everyone the same... One Million Green Pips!!
https://www.forexfactory.com/thread/...cb/logo/48.png
Attached Image (click to enlarge)
Click to Enlarge Name: 1VVFFGG 2024-01-22_161024.jpg Size: 1.2 MB
  • #4,359
  • Jan 22, 2024 2:10pm Jan 22, 2024 2:10pm
Quoting FX88FX
Kraneos, your strategy, looks good with this toy too. Thank you and One Million Green Pips!! End for today. I'm going to the sauna with my friends and I wish everyone the same... One Million Green Pips!! {image} {image}
woww your screen looks very beautiful and very clean.
it does teas me alot man .
Happy green pips.
xinitial.
  • #4,360
  • Jan 22, 2024 3:10pm Jan 22, 2024 3:10pm
Play alittle before spread go wide .
xinitial.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-01-23 040729.jpg Size: 211 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-01-23 035117.jpg Size: 205 KB
6 traders viewing now