No, that wouldn't be the correct range. I will explain the thinking process that one uses to correctly establish the current ranges. First examine the image below. It is the image you had posted, but I have added some numbers on it to make my ...

Power of Two System

Yes this is a question I've seen several people get confused about. In order to see what is the best way of drawing the ranges, think logically about how those ranges advance in time. You'll note that the ranges don't shift unless they are breached. ...

Power of Two System

Haz, I've read and reread this question from you several times but can't seem to understand it. Scott saw a liquidity sweep to the upside, above the Equilibrium line, and that matched his criteria for a counter trend during a bullish NFT, so he took ...

Power of Two System

Hey Haz. Your question, specifically on what you are referring to as FT, is addressed directly and concisely by Scott in his latest video: the video that FireScape linked to yesterday. Watch carefully between 6:50 and 7:35 in that video. Hint: Your ...

Power of Two System

Worth noting that Scott recently slightly changed his London and New York kill zones. The times quoted here are British Summer Time: GMT +1.

Power of Two System

In addition to the 3 original pairs (EURUSD, GPBUSD and USDCHF), there are traders using TPOT to trade even Gold, AUDUSD and JPY pairs. Scott seems okay with this. TPOT means The Power Of Two. This system.

Power of Two System

Apparently there's a maximum daily loss allowed: don't lose more than 3% in a single day. That means don't trade more than 3 losing trades within a single day, if there are no winning trades on the same day to offset the losses.

Power of Two System

Important qualification for the Extended Sweep invalidation in the following images.

Power of Two System

Scott added a third pair: USDCHF. He stated this in one of his latter videos. So now there are three currency pairs: EURUSD, GBPUSD, and USDCHF.

Power of Two System

If one can short from premium to discount during a bullish SFT, then there really isn't any directional bias, is there? It means the 4 hour reference frames are getting outright ignored, and one can trade in any direction as long as liquidity sweeps ...

Power of Two System

Hi Kirk. Is there a YouTube video or an article out there that comprehensively breaks down the idea you are trying to convey here? Without such, I imagine most people here won't understand why you are drawing those levels: the criteria for choosing ...

Power of Two System

Yeah. Alternatively, Merka can link us to a YouTube video that explains those "dealing range" concepts comprehensively. It would be particularly useful if its a concept that is relevant to the "Power of 2" strategy.

Power of Two System

Hey FireScape. I'm happy to see you tackling Scott Taylor's "Power of 2" system. I first came across it on Trading Nut's podcast a week or so ago, and since then I've been trying to perfect the technique. I have backtested it on some past price data ...

Power of Two System