- Search Crypto Craft
- Dra replied Aug 29, 2008
In all cases obey the outer/longer term trend. Check post#124 for my chart. There was a nice entry/evening star at that TL today.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 29, 2008
Another reason why you should draw all TLs, The longer term trend here is bullish. Look what you would have seen if you had drawn that outer TL. Inner TL was broken, more than likely the market will come to the outer. It test the outer then forms ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 29, 2008
It seems you erase the down TL on this pair(eurusd). On the chart post below you'll see a nice EB on the pull back from that down TL. PS: do not erase TLs, you will be amazed to that at times the market return to these levels giving entries.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 29, 2008
You will, basically everything is explained on the first two pages and I know you are a fast learner. Both are the similar, but as I was showing you on BP I have a different entry from the norm. It depends, maybe if its close to my profit target. ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 29, 2008
Hey all, sorry about my absence. The storm(GUSTAV) hit us yesterday through today so for that reason my electricity was out. Its up and running now and all is safe. I see alot of action/posting been going on in my absence, I'm gonna review all the ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
Audusd breaks the short term up TL retrace to the outer down TL an forms tweezer tops. Another good setup.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
Yea the 1H looks pretty attractive. Good to have you posting. Sherm I like H&S you pointed out. The markek breaks the inner TL, retrace to test that inner TL(which is now resistance) which was rejected and forms a E-bearish giving a nice entry.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
NZDJPY — The first chart posted is an entry on the nzdjpy 4H, selling the EB at the TL. The following chart showing a Kings Crown/H&S on the nzdjpy 1H. My entries for kings crown is different from most, I entered on reversal candle ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
My 4H eurjpy chart making too much noise at the moment. That Kings Crown/H&S looks valid. The thing is I dont have a TL no where close to where the market is now,so i'm staying on the sidelines.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
Good to have you posting. It would be nice to have that "Gartly" setting up so that the readers can get an understanding of what it is. I will delve into these formations later in the thread, just trying to get all to understand the basics of the ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 28, 2008
With the proper discipline you are looking at 70% win. 4-6 good trades per week. 1:1.5 R/R or greater is recommended. If you been following the thread you will see that from the charts posted, there must be 1 or 2 losses, also the reward per trade ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 27, 2008
Correct. Check the charts again, the evening star was clearly form below the TL, which constitute a valid entry. The risk was like 30 pips and it went for over 90 pips after that evening star.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 27, 2008
No thats not a valid entry. If the next candle after the arrow on your chart was a full body bearish candle(which would complete an evening star) then that would be your entry.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 27, 2008
The chart below shows the market forming an evening star at the TL, it was a valid entry but the SL was way too large(-130+ pips) so I pass on that trade. What should be done here is after the reversal candle formation(evening star) on the 4H, if SL ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 27, 2008
usdjpy — This was a nice setup on the UJ, hope yall catch it. I post a chart for this setup on Friday of last week(#71) and this formation was today(GMT), this is why i stress on patience as an important factor when using the system. It can ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 27, 2008
The EB is not so clear, but that looks like an entry.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 26, 2008
Looks good. Hope you have read through the thread and will follow instructions to enter trades. Also the system works on all TFs, but I personally have a 4H bias.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 26, 2008
Nice chart. The H&S/Kings crown formation also forms on the 4H. Remember my bias for the system are 4H charts. 1H charts works fine as well, same rules apply.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 26, 2008
So far this week there has been about 6-7 perfect setups, all went for more than 100+ pips. Hope yall catch in on a few. I will post other setups as they are formed.
A,B,C,D - 1,2,3,4 System