DislikedHey Ghous Is the W-LCS on GU showing me an M15 Fakey? {image} {image}Ignored
g.
I believe . . .
Trading research papers 12 replies
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DislikedHey Ghous Is the W-LCS on GU showing me an M15 Fakey? {image} {image}Ignored
Disliked{quote} Sorry, had guests and was away from the PC. It depends, Jaroo would look for a signature on a smaller TF on the way back to that level. Edit: I know Jim, will look for an H4 or H1 signature on the pullback to a level. Myself, I will look for an M30 or even M15 signature if there is no H4 or H1 signature. Looking at that chart I posted with the what I caled a fake out, we can see that on the pullback to the level, there was no H4 or even H1 signature saying that this area had flipped to support. It just rocked through the area so, I doubt...Ignored
DislikedAfter reviewing the thread I can see my view on SFP was wrong so disregard my previous posts.Ignored
Disliked{quote} Maybe, I am confusing what SupremeChaos was doing. Here we have an M15 PB that closed right on the weekly gap, it broke by 1.4 pips then its back broke. Obviously I am confusing your fake out method with the IBP or something along those lines. {image} {image}Ignored
Disliked{quote} Yes, we are certainly not on the same page. The way I see what you're doing here is you are pointing out your LCS and HCR levels and on a lower time frame considering bars that make a move beyond these levels only to close back within them as fake out or SFP trades. If this is so, then its entirely different to how I trade and look for fake outs. As previously mentioned, I am looking at extreme highs and lows of swing points only and considering fake outs off them if bars venture beyond them and get a sharp rejection. I also don't switch...Ignored
Disliked{quote} Yes, we are certainly not on the same page. The way I see what you're doing here is you are pointing out your LCS and HCR levels and on a lower time frame considering bars that make a move beyond these levels only to close back within them as fake out or SFP trades. If this is so, then its entirely different to how I trade and look for fake outs. As previously mentioned, I am looking at extreme highs and lows of swing points only and considering fake outs off them if bars venture beyond them and get a sharp rejection. I also don't switch...Ignored
DislikedThere was this question "How long is a level valid?" Here two great current examples! That GBP/USD bounced 100% as expected. You can play these "blind touches" with such a ridiculous tight stop that your risk-reward-ratio will always work out over time!! {image}{image}Ignored
Disliked{quote} Not really, I was looking at the Bearish M15 PB that closed above the level and thinking it was going to be a failed PB, which it was as its back broke and we got a push up. I think, I confused matters with that PB by calling it a "Fake Out" what I really meant was, the pb was going to fail. So, if I get this right, you are trading off the daily tf, using the HHR & LLS in a fashion similar to an sfp and, entering on the failure of the Daily candle to close above or below the HHR or LLS? Would your target for a Bearish setup be the previous...Ignored
DislikedWould this be a setup with the way you trade? I know the FTA is too close, just an example. {image}Ignored
DislikedThere was this question "How long is a level valid?" Here two great current examples! That GBP/USD bounced 100% as expected. You can play these "blind touches" with such a ridiculous tight stop that your risk-reward-ratio will always work out over time!! {image}{image}Ignored
Disliked{quote} yes. That came across my radar yesterday. The FTA was too close to pull the trigger, but generally that's the kind of stuff I am on the look out for. g.Ignored