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- Hummar replied May 10, 2013
There is no need to complicate this system. When I have two close swings like here I always look at the higher one. So there was not any SFP here, but you can wait and see for D1 SFP. However if there will be D1 SFP it will be quite risky because ...
- Hummar replied May 9, 2013
I took it but exited with 2R profit before that afternoon move down. I didn't want to risk at that level. Now we have another great level to sell, wait and see.
- Hummar replied May 7, 2013
I think that all Tom's followers are watching this setup. There is one thing which concerns me- from daily perspective the price is very close to the important support level. I had some bad experience with this kind of levels so I am going to be ...
- Hummar replied Apr 26, 2013
I would like to see more than 5 pips. It this case its looks promising because there is a decent space, looks nice right now. You can find links to Tom's threads on his website, but there is a lot of stuff about RR in this thread.
- Hummar replied Apr 26, 2013
Ok, sorry, this is SFP, 1 pip below. For me its not enough, but I hope it will work.
- Hummar replied Apr 26, 2013
I had the same feeling. In case of so called SFP on EUR GBP - I cant see it, where is it???? You have to do statistics of every setup you want to play. It opened up my eyes even wider.
- Hummar replied Apr 25, 2013
I would like to tell You why Tom trades on H1 (but also on D1, and M5 in Bunds). Because he is professional trader which mean that he knows the markets in which he is trading like a back of his hand. When I started to trade like this (only 6-7 ...
- Hummar replied Apr 24, 2013
I think that H1 SFP has the same weight at the hourly level as D1 on the daily level. In this case this was not a H1 level for me (the was not fresh hourly swing yet). I marke on the chart nice H1 SFP just above that level. Even If I would like to ...
- Hummar replied Apr 24, 2013
This H1 SFP wasn't a good one in my opinion (it was a very minor swing with two others, just to the left). I tried to play daily levels with H1 sfps but I don't do it anymore. When I play H1 sfp I want to see previous swing on the screen (it can't ...
- Hummar replied Apr 23, 2013
Hi Jim, I use my eyeballs and brain only.
- Hummar replied Apr 23, 2013
Its very difficult to answer your question. I would rather ask about probability of wining 1R, 2R... at SFP of swing C. You need to do statistics if You want to know. I made my statistics on USD majors and I know that I dont like this type of SFPs ...
- Hummar replied Apr 19, 2013
Hi Pinbar, I am glad to see you here, I have read many of your posts at J16 thread. I am not an expert of SFP, using it since two months. Beside it is very profitable it help us to understand how the sharks move this market. I use it with a ...
- Hummar replied Apr 4, 2013
I see first time SFP discussed here (i haven't read all thread). Great stuff. When I applied this concept and other stuff from Tom Piccin (price action is only an indicator - trade the source, rounded retest, BE is a bull.shit) i started to made ...
- Hummar replied Feb 28, 2013
Thanks Mike, I agree that I was a little bit too optimistic and probably I should exit around 1.3050. Price turned at 1.3160 and now we are at the same place. I am thinking about best option right now. I can take 250 pip profit or wait for breakout ...
- Hummar replied Feb 28, 2013
As planned I shorted NZD USD at 0.8319 (strong R/S, 50 fibo retracement of the D1 BEOB - possibly breakout), put SL to BE. I have done this on the demo account because of the irregular TL. I'm thinking of short at the real account if the D1 BEOB ...
- Hummar replied Feb 28, 2013
Lets build a pyramid...thats what happen when an egyptologist spend too much time in front of charts LOL
- Hummar replied Feb 28, 2013
Beautiful H and S pattern at 1.0300 with divergence on USD CAD H1 chart. However D1 uptrend is strong, so I play this on demo. Let's see what happen next.
- Hummar replied Feb 27, 2013
I made a short at 1.33 so I have nice profit right now. First I thougth about exit because of this consolidation but I have decide to stay. Consolidation is within area of 32.8 fibo retracement, so nothing extraordinary. I have my SL above 1.3170 ...
- Hummar replied Feb 27, 2013
The red red line indicates divergence in the last stage of the up trend. I thought about divergence which is shown by the whole move - price tried to made new HHs but without succes (the last one was HH actually but very weak). Thanks for answer, ...
- Hummar replied Feb 26, 2013
A breakout on NZD USD? Theres is a nice divergence on daily chart. I am not sure about this. I am going to wait for PA at retracement (green lines) or break of the bar. Mike, what do you think?