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High Level Accuracy Method With Little To NO Draw-down

@FXCyborg, the highlighted setup within the setup on M5 is a valid bearish engulfing bar? As far as i can see the second BULL bar was not fully engulfed. image

High Level Accuracy Method With Little To NO Draw-down

He probably means a trailing stop, so once his position is already in profit he would not have to let price move all the way back to hit his SL. Having a nice take profit target is cool but if it things won't play out as planed (which you never can ...

High Level Accuracy Method With Little To NO Draw-down

I looked back at his charts but could not identify such setup within the setup on his M5 posted going lower from his H1. Maybe it could be highlighted? Also what is the logic and advantage of a setup within a setup?

High Level Accuracy Method With Little To NO Draw-down

How long do you wait for such revisit. I guess it could take days or even longer for price to come back there?

High Level Accuracy Method With Little To NO Draw-down

Also consider to throw some plan into the mix describing how you achieve consistent long term success day trading such method. Don‘t get me wrong, the method it self seems to be pretty much straight forward and „easy to understand“ but i also think ...

High Level Accuracy Method With Little To NO Draw-down

Hello again, i am still very confused about how to properly identify these accumulations zones. Some more charts or videos visualizing the process of "finding" them would be awesome. The charts here are all in hindsight which makes it hard to learn ...

High Level Accuracy Method With Little To NO Draw-down

image

Trading Made Simple

Supply and demand moves. Every market, even sex. You should try the last one heh ;-)

Trading Made Simple

Don‘t worry I am reading that topic for over half an year and I still don’t know what they are „talking“ about My my personal advice before you end up like me, get out of here fast, run little forest run :-)

Trading Made Simple

Here we go...

Trading Made Simple

Thanks a lot sir :-) I missed about that. I am just still not sure about the logic behind such procedure of switching over to the lower timeframes to perfect something. I mean what to perfect? If you see a setup for H4 you probably plan your trade ...

High Level Accuracy Method With Little To NO Draw-down

Never looked at volume indicators. Do they help in a decentralized market environment like Forex? Maybe it gives you a little bias on stock and future markets going over some exchange but with no central exchange? How do you verify such volume data ...

High Level Accuracy Method With Little To NO Draw-down

Yes okay, but the author didn’t say if planing and executing a trade for H4 that you have to spot accumulation on M5. That’s why I am confused about it. So what you do on M5 then? You first look at M1 to find accumulation? And on M1 you switch over ...

High Level Accuracy Method With Little To NO Draw-down

Sorry but can't see what you mean. To me accumulation refers to a period of up & down ranging behavior of price (sideways market) for at least some time (some series of candle swings, not just one or two candles) On you chart the left side is ...

High Level Accuracy Method With Little To NO Draw-down

If i am allowed to ask. What motivated you to think that this setup formed within a accumulation period?

High Level Accuracy Method With Little To NO Draw-down

Would say these two bear candles engulfed are very small in size.

High Level Accuracy Method With Little To NO Draw-down

Where exactly is your order placed on that one? On your chart, price already re-visited the entry zone to sell so why its not triggered yet?

High Level Accuracy Method With Little To NO Draw-down

There's also no accumulation area at the time of the setup. Its a bearish engulfing in the middle of nowhere.

High Level Accuracy Method With Little To NO Draw-down

I can't see any accumulation area there... The bearish engulfing pattern looks valid to me. Maybe post a bigger picture next time and ditch the smartphone

High Level Accuracy Method With Little To NO Draw-down