This was a valid trade entry, 1iquidity. Tibetian would have entered that trade after the 15 minute external range had been breached.

Power of Two System

Hello Tibetian. I'm glad you've raised this issue. Some 15 days ago, I had made a similar comment, on post 86 (you can click through to it). I started backtesting data from 2015, and the results were definitely unimpressive. Like a streak of 7 to 10 ...

Power of Two System

Appreciated .

Power of Two System

If that fractal is freely available online, kindly link us to the repository. Thanks mate.

Power of Two System

There are two things that might be causing the differences in the candles formed: 1. The broker's server time. This is the biggest contributor. A broker running on GMT will form slightly different 4hr candles than a broker running say a GMT+1 ...

Power of Two System

Hello Outcast. Scott Taylor has addressed the question of which fractal he uses several times in his YouTube Channel. The most recent time he addressed it was yesterday, and I have taken a screen shot of it as shown below. So he uses Fractals by ...

Power of Two System

Hey Paul. The 2R rule was mentioned by Scott even in his latest video on YouTube, the one you had Timestamped some while ago. I'll link to it once again down below. If you watch from 22:05, you'll see a counter trend setting up. it is a sell during ...

Power of Two System

Your entry for the single candle sweep is perfectly correct. The inside bar only invalidates the trade if a subsequent candle breaches the other extreme end of the the sweeping candle (i.e. making a LL on a buy entry, or a HH on a sell entry). But ...

Power of Two System

Let me explain what each of your screenshots are referring to: 1. In the first one, where he is responding to Eddyeze, he is explaining what exactly an Insider bar is, in the context of an extended buy sweep. He states that an inside bar would be ...

Power of Two System

Yes, I posted some screenshots in post number 306. You can click through. I got those screenshots from the comment section of the video you had timestamped. You too can go through the comment section there, and verify. By the way, members, if you ...

Power of Two System

indeed. That's partly why backtesting can be so useful, because then one can have an idea of the kind of statistical variance to expect with the system. Statistical variance refers to how significantly the wins and losses veer away from ...

Power of Two System

If the setup wicks and triggers the trade, and then whipsaws straight to the stop loss, that's a lost trade, and it is fine, because it happened within the parameters of a valid trade. It is an on-plan loss. An important thing to have in mind in ...

Power of Two System

Hey Andreyt. Your setup looks okay. You have extended your 4 hour range to the new high, which happens to be where the new fractal is. As long as this level, that has the new fractal, isn't breached by the price, then your trade setup remains an ...

Power of Two System

Hey Haz. You've asked an important question about inside bars. Here's my current understanding. First look at the image below. Note the liquidity sweep to the downside of the nearest fractal, during a killzone (pale green area). I've labelled the ...

Power of Two System

I'm still backtesting it. Scott's subsequent videos have added more details to this system's process, so I've had to discard some past backtest results, and start all over again. For instance, the initial videos hadn't explained fully how inside ...

Power of Two System

Have a look at the image below. The big brown rectangle is the 15 minute range, delineated by the left-most fractals inside it. The light green zone is the killzone. So as you can see, the price first breaches the 15 minute fractal outside the ...

Power of Two System

Hello Haz. Ignore all liquidity sweeps (what you are referring to as a fractal breach) that occur outside the killzones. Even if they are only 15 minutes outside the zone. The entire point of the killzones is that there is less manipulation in them, ...

Power of Two System

My pleasure. Thank you for creating the thread and giving us the chance to discuss this system.

Power of Two System

Anytime mate! Let's all grow together.

Power of Two System

You use the exact same logic on the 15 minute chart to get the ranges. Scott uses a box to better distinguish between his 4 hr and his 15 minute ranges. Now I think what might be throwing you off is how he enters his trades. There are two modes for ...

Power of Two System