Hi Firescape! Am here from the other thread! So do you set both the sell stop and buy stop orders if you see the valid ranges at the open of the broker day, and delete the opposite stop order when one is triggered? And you account for the spread too ...

CPP Scalping Strategy

Any system you are currently following Firescape?

Power of Two System

Will have to review those videos then, Bazenga thanks!

Power of Two System

Hi Bazenga, what does it mean by "when price touches either of the 4hr range levels"?

Power of Two System

Yes I am waiting for the sweep too. NY KZ ends in another hour though. And you have to make sure the 3:1 setup fits in the H4 range.

Power of Two System

Sorry I don't understand, Paul. Why isn't the low of the range Candle 2 (see attached), when we have a high at Candle 1?

Power of Two System

My fractal low comes before my fractal high. While yours is the other way round from the chart you ss. Different brokers are different, I guess.. hmm.

Power of Two System

The GU on the broker I'm using is FT. Just entered a pro-trend FT trade (but the Buy is right at the Fibo 50 level lol).

Power of Two System

I see now... so we just utilise the previous setup on H4 we have until the price interacts with the new high/ low. Got it. I thought we should only entertain the really fresh ranges once a new fractal (that creates a new range) appears. Thanks!

Power of Two System

Attached is the current USDCHF H4. Since there is a new fractal that makes a lower low, we draw the new range, and wait for price to interact with it, is that right?

Power of Two System

Hi Bazenga, Yes, I meant to say, I use the latest fractal that is relevant (as per post 320) to draw the range. When the price is within this H4 range, I don't open trades, because the price has not interacted with either the latest range high or ...

Power of Two System

Isn't drawing a fresh range on H4 each time by using the latest/ most recent fractals, and using that to determine the NFT, FT or SFT, a rule? I always thought it is, so that is what I do when there are new fractals formed on H4. ...

Power of Two System

I did the backtest manually, on Tradingview. I use the FXCM charts. I am using my timezone of GMT +8. So my killzones are 2.30pm - 5pm (London) and 8pm - 10.30pm (NY) local time (GMT+8). No. I'm not following Scott's rule to avoid big candles. ...

Power of Two System

I shall look into it! Thank you and yes, I know it isn't much myself ahhaha. I look forward to your results. Please if you may, to try the 2RR too and see if there is a difference.

Power of Two System

Disclaimer: I'm new to backtesting and still learning, so I may be doing many mistakes. 1. From May this year to the current day on EURUSD. 2. Only 8 for now ahaha . I'm working on it! 3. No. I just followed the rules. I take both ...

Power of Two System

I'm backtesting on EURUSD, have yet to get a significant amount of trades, but an interesting pattern is emerging. When I reduce the target to 2:1 rather than using the 3:1, I actually won all the trades I backtested. Using 3:1 will make me lose ...

Power of Two System

For SFT and the FT at the H4, can we keep on buying indefinitely when we get a low fractal/range sweep at M15 (eg. Like how Eurusd has been going up these past few days)... we can do that all the way until we get a new range on H4, when we have to ...

Power of Two System

Glad to see this as I'm in the same trade! Edited: Hit SL. Ah can't win them all!

Power of Two System

I've also taken the counter for USDCHF and put 3RR for this since it's within range. It's already halfway into profit!

Power of Two System

Also another win, is today's USDCHF SFT Pro-trend trade taken also with a 2R:R instead of a 3R:R target.

Power of Two System