DislikedI prefer to wait for the short entry if price falls further and then retests 1.599.
Otherwise I am looking to short at 1.6076.
Dont fancy going long of this pair anytime soonIgnored
But why short at 599?
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DislikedSimple S/R missed entry by couple of pips....just wanted to buy what appeared to be a strong level.
Where do you think the target should be?Ignored
DislikedHey Tom,
I have backtested the SPF on EURUSD daily. Entry on Close. Stop 1 pip below/above the bars low/high. TP at 1R or 2R.
1R TP would give 69% winners
2R TP would give 31% winners
See the trades as per my subjective criteria attached. Maybe someone finds it helpful.
Thanks for the webinars. See you there...
kptIgnored
DislikedI can see why you'd short at 6076 - and I will too!!
But why short at 599?Ignored
DislikedThat support has been hit way too many times for me.
I'm trying to buy it lower. I'm intending to bid for it beneath the D1 swing lows and outside its current ATR.
I'm looking for 1.5910 at the moment.Ignored
DislikedI prefer to wait for the short entry if price falls further and then retests 1.599.
Otherwise I am looking to short at 1.6076.
Dont fancy going long of this pair anytime soonIgnored
DislikedHi there,
try this one http://www.forexfactory.com/showthre...95#post3219195
i dont use it much myself, so dont forget to test it before going live.
hope that helps.Ignored
Quoting Pc1DislikedI think the close has to be below the previous swing high. So in this case, the previous swing high was at - 1553.530 and the current swing or failed swing was closed at 1546.640. Hence it was closed below the high, I would think it is SPF.
Tom and/or any other trader, any comments ?Ignored
DislikedGuys i might be being a bit a*** rentetive with this but wasnt there a SPF failure before on Gold as well? I have marked the area which i thought was the previous swing pattern failure, please see the former to red arrows not the latter two red arrows as that was the setup that everyone else took. I just wanted some thoughts on this from anyone or Tom?
AttachmentIgnored
DislikedThe most recent one is an SPF yes.
The one before isn't - the close isn't a decent distance below the previous swing high........................ in fact, it doesn't look like it's below it at all?Ignored