And a clear area of liquidity to aim for as well...

Hey Bez, I think this was an interesting point highlighted by Daft: url Price had already tested that level in the pre-market action on Oanda, so taking that into consideration, your trade would have been a second touch of that level. I certainly ...

I agree Jim Keeps those losses small. Where have I come across that before

They're some great stats!! I'd keep going for that method for now. Get consistently good at it for a few months, and then start looking at what else you can build into your arsenal. The SFP pattern does require entry at market on the bar ...

Hi SK, Just my take on these, but they all hit their FTAs (First Trouble Areas). See the highlighted charts for what I would have been watching/targeting. I would agree that none of these went to the moon, or were big runners, but most of the time ...

Hi Jim, This wouldn't qualify as an SFP on the hourly chart, as the bar marked 1 closed above the highs. We want to see the highs broken, but then for price to close back below that level within the same bar (or above if looking for longs off ...

Gold - SFP — And another SFP the other way on Gold. Seems to have been the day for SFPs 3 out of 3 for mine, but spotted a few others that worked as well (such as your USDCAD gdb )

H1 SFPs — A couple of H1 SFPs this morning on USDCHF and #YM. Both were against bearish daily PA, so full profit was taken at the FTA as marked on the charts. Space + divergence = very high strike rate! Thanks for sharing Tom

Would this be classed as a valid SFP on EURUSD?

I preferred the CADJPY when we got the first PB off that level. Thanks Jarroo

Hey Darxtar, I assume if you read the first post then you found this link: url It was a summary of the thread that Josh put together back in 2009. There's loads of great links there to lots of relevant posts and information. It's a very useful ...

Echo those sentiments. Happy birthday big guy

Thanks guys. I've run into this problem a few times with different updates. Nice to know which is the stable version to stick with.

Hi Jon, Normally this would have been the case, but after the volatility in the markets this week I was willing to stretch my rules a bit as I suspected some good profit taking opportunities at the end of the week. It was a 12pm (UK) close too ...

Preferred this one out of the CHF pairs, on AUDCHF, nice PB + clear divergence. Stop already at BE, shooting for 0.9500

Hi Joel, If you can explain a bit more about the difference, or point me in the direction of a reputable source, that would be great. TBO, I don't tend to spend a lot of time reading up on the background economics. 5 years of just studying PA has ...

I'm not sure Einstein would have been aware of the difference, but this was definitely sterilized. Unsterilized would have a more gradual effect on the currency, at least that's how I read it. Yeah, the BoJ!! lol Yes, this might incur a short term ...

Yes you would Parity is a very key level on this pair that will attract a LOT of attention. This is a nice area for us to wait for price action. Best, Chris

I'm sure we could all think of a few more worthwhile things to do with $320b!

BoJ Intervention — "Doing the same thing over and over again and expecting different results" is the definition of insanity - Albert Einstein. The last time the BoJ intervened to weaken the Yen was from Jan '03 thru Mar '04 where they spent ...