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FireScape replied Jul 8, 2023I'm glad you like the system, I felt like traders could get a lot of value out of it. Keep us updated, looking forward to seeing your progress!
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FireScape replied Jul 7, 2023For example if you came to chart like this, your bias would be bullish, and you would ignore last two fractal, as the fractal high is just a extension, as price hasn't interacted with it yet... and the new lower fractal hasn't been wicked or ...
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FireScape replied Jul 7, 2023This is a concept a lot of traders struggle to see when opening their charts. The latest fractal might just be a new high from the previous follow through range. for example if you’re in a bullish SFT and price keeps pushing higher and higher and ...
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FireScape replied Jul 7, 2023Additionally for clarity , You can continue to use the last follow through setup until that new fractal high you reevaluated has been interacted with. So even though a fractal printed on that high, it’s just our new external range high, until a ...
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FireScape replied Jul 7, 2023Don’t forget to protect your positions. It’s easier to just put your SL at the candle high or low but you should diligently be checking for better levels around your SL
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FireScape replied Jul 7, 2023thanks for sharing! A lot of traders here understand the basic entry model so even if you don’t quite have it down yet continue to post your setups and we’ll help you while simultaneously strengthening our own knowledge. Everybody improves
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FireScape replied Jul 7, 2023Very simple and mechanical indeed. Keep us updated with your testing results!
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FireScape replied Jul 6, 2023Updating first post soon with USDCHF and counter trend method
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FireScape replied Jul 6, 2023makes sense as those USDCHF SFT setups posted earlier lined up very well. Responded to our systems structure like the other original pairs.
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FireScape replied Jul 6, 2023the system and rr was originally designed around only 2 pairs, EURUSD, and GBPUSD. It will be at the discretion of the trader to adjust the system for other pairs accordingly. This is more or less a side note.
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FireScape replied Jul 6, 2023for example in a bullish SFT you can long at any point even in premium. However if you’re going to counter trend and short, it has to be within the premium range with tp in discount. This is a very specific range, it’s not just simply - we can short ...
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FireScape replied Jul 6, 2023I think it’s because it’s not just the overall trend bias, it’s the trend bias within a set parameter (premium or discount)
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FireScape replied Jul 6, 2023admittedly it’s not very logical to me either. I’ve been trying to forward test this methodology to make sense of it
Power of Two System