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- HazHazHaz replied Jul 14, 2023
Hey everyone. Yesterday's GU SFT Pro-trend trade was a win. I did however, adjust the R:R to 2R rather than using 3R. You see how price is starting to turn today, and would not have hit 3R yet.
Power of Two System
- HazHazHaz replied Jul 13, 2023
I'm in the same one! I target 3R though we shall see.
Power of Two System
- HazHazHaz replied Jul 13, 2023
You need to move the range of the H4 since the old range has been breached. EU is correct. Attached are for GU and UCHF.
Power of Two System
- HazHazHaz replied Jul 13, 2023
I've compiled some of the rules into a PDF. I really would love it if I can get feedback that I am getting the rules right. I haven't included the bit about inside candles. Hope we can learn together.
Power of Two System
- HazHazHaz replied Jul 13, 2023
Hey Paul, A follow-up question. For the FT and SFT, if we counter-trend, do we have to make sure the TP for 3:1 is within the H4 range (the way we have to make sure for NFT trades)?
Power of Two System
- HazHazHaz replied Jul 13, 2023
So for the EURUSD example I gave earlier, we should look for buys according to your notes (if following bias). I was reading the thread again and at post #65 about Weak Follow Thrus and it is Bull, bear, bull sequence and it follows the NFT rule in ...
Power of Two System
- HazHazHaz replied Jul 13, 2023
Hi Paul. I previously used the term "Follow-thru" but I'm not sure the rules for it anymore. Is it the same as SFT?
Power of Two System
- HazHazHaz replied Jul 13, 2023
Also, if 2 H4 candles close bullish consecutively, but the high of Candle 2 is below the high of Candle 1 (refer to diagram), is this a SFT?
Power of Two System
- HazHazHaz replied Jul 13, 2023
Hi all. This is the current EURUSD H4 chart. Can someone kindly check if the range is drawn correctly? Is the latest fractal high (no.1 in diagram) still valid? Is this still a SFT? Thanks!
Power of Two System
- HazHazHaz replied Jul 12, 2023
Thanks everyone. I just needed to make sure I get all the rules right, can't even think of tinkering! If I have understood and followed the rules correctly, today should be a no trade day so far (for the 3 pairs). 1 hour until NY KZ closes, but the ...
Power of Two System
- HazHazHaz replied Jul 12, 2023
I get it now, thank you! Sound like it would be tricky to monitor and practice this in live charts, as they may wick to trigger the pending order (the high of candle 3 in this example) and then continue the extension to breach the low of candle 3 in ...
Power of Two System
- HazHazHaz replied Jul 12, 2023
Hi Paulscaff, thanks for that. But now I have another question. Why does Scott adjust the M15 range to "just to follow price" at 5:23 and at 6:52? Isn't the range created by fractals?
Power of Two System
- HazHazHaz replied Jul 12, 2023
I honestly am still trying to wrap my mind around the inside bar criteria... Like, when do we have to do what when we see an inside bar exactly? Is it because the bullish inside bar (in the USDCHF trade above) signals a potential reversal and that ...
Power of Two System
- HazHazHaz replied Jul 11, 2023
Thanks El1000, but I have extended it. The sweep occurs before that at the 07:15 candle. Also, USDCHF hit TP for me yesterday. SFT trade.
Power of Two System
- HazHazHaz replied Jul 11, 2023
Thanks for this! I shall have to summarise the rules in a document soon. You have been a great help! Have you found success with this strategy?
Power of Two System
- HazHazHaz replied Jul 11, 2023
I'm afraid I have to trouble you again, but can you kindly show me a diagram of that you described there? I've been jumping from one strategy to the next, but I feel this strategy might just be for me.
Power of Two System
- HazHazHaz replied Jul 11, 2023
Hi just wanna clarify, if the M15 fractal/ zone breach occurs before KZ, but the consequent high/ low of the candle is penetrated during the KZ, is that counted? Please refer to diagram. Thanks for the help!
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- HazHazHaz replied Jul 10, 2023
I cannot thank you enough! Now onwards towards practicing! Thank you. I'm sure the other members here appreciate it too!
Power of Two System
- HazHazHaz replied Jul 10, 2023
You're a gem! I get it now! So I assume the M15 range is the same logic? Or can I use the latest fractal (high or low) for the sweep? In Scotts' video, he uses both... and at times I just can't grasp it.
Power of Two System
- HazHazHaz replied Jul 10, 2023
That's how I initially see it too, then I wasn't sure of myself. If that's the case, is the M15 as follows?
Power of Two System