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Fail Better

  • #2,301
  • Jan 17, 2012 4:43pm Jan 17, 2012 4:43pm
Hello all,

Anyone, would this be an SFP. High exceeds previous high and closes below it.
Or have I got this completely wrong!

thanks,
Jim
Attached Image
  • #2,302
  • Jan 17, 2012 5:40pm Jan 17, 2012 5:40pm
Quoting JimN
Hello all,

Anyone, would this be an SFP. High exceeds previous high and closes below it.
Or have I got this completely wrong!

thanks,
Jim
That would be a SFP by definition but I think Tom would tell you to look for a swing point that has a bigger move from it.
Attached Image (click to enlarge)
Click to Enlarge Name: demo.jpg Size: 104 KB
  • #2,303
  • Jan 17, 2012 6:16pm Jan 17, 2012 6:16pm
Thanks wade, I understand your viewpoint, it just looks like a bit of noise when the chart is zoomed out as far as the one you posted.

Jim
  • #2,304
  • Jan 18, 2012 1:15am Jan 18, 2012 1:15am
AU = Didn't bounce well, could be to do with the tl.
EU = Bounced well giving about 90 pips before retracing.
UCHF = Is making higher lows towards resistance and hopefully a rounded retest.
UJ = Level is no longer valid as price broke it on the last swing.
  • #2,305
  • Jan 18, 2012 4:36am Jan 18, 2012 4:36am
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
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf 1h 180112.gif Size: 26 KB
Click to Enlarge Name: ym 1h 180112.gif Size: 23 KB
  • #2,306
  • Jan 18, 2012 5:18am Jan 18, 2012 5:18am
Another small SPF and a rounded retest at the same time..

So far so good...60 pips profit..enough with a zero drawdown..
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_spf.gif Size: 23 KB
  • #2,307
  • Jan 18, 2012 5:43am Jan 18, 2012 5:43am
So I took this one in my demo account. The first big green candle almost touched the swing high. It was about a pip short so I did not take it. Of course it shot right down to my FTA. Price then came back up and formed a nice SFP. I took this one and ended up with a loss of about 35 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: No SFP.png Size: 42 KB
  • #2,308
  • Jan 18, 2012 10:42am Jan 18, 2012 10:42am
Another sfp good for a minimum of +25 pips with a small 2 pip drawdown

A couple of these a day will keep the bank manager away..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_spf.gif Size: 30 KB
  • #2,309
  • Jan 18, 2012 10:56am Jan 18, 2012 10:56am
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 )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold 1h 180112.gif Size: 28 KB
Click to Enlarge Name: gold 1h 180112x.gif Size: 28 KB
  • #2,310
  • Jan 18, 2012 11:34am Jan 18, 2012 11:34am
Quoting wizardblue
Last nights was a winner. So thats makes 8/10 now A strike rate like I have never expereinced before.

Thanks Tom

Wiz
That's what I'm here for! :-)
  • #2,311
  • Jan 18, 2012 12:34pm Jan 18, 2012 12:34pm
Saw your tweet on HD wiz...good stuff

Thought I'd share this with the thread as well.
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 52 KB
  • #2,312
  • Jan 18, 2012 12:41pm Jan 18, 2012 12:41pm
Came across this as well.
Only problem is not a lot of space
It's like a small RRT with SPF (from last week's bar)
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 44 KB
  • #2,313
  • Jan 18, 2012 12:53pm Jan 18, 2012 12:53pm
ok last one since I think I'm spamming the thread lol

just picked up some puts on this

RRT
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 54 KB
  • #2,314
  • Jan 18, 2012 5:38pm Jan 18, 2012 5:38pm
D1 SFP with pinbar...
Attached Image (click to enlarge)
Click to Enlarge Name: nzd cad.gif Size: 13 KB
  • #2,315
  • Jan 18, 2012 6:04pm Jan 18, 2012 6:04pm
I've got my eye out for a rounded retest on EUR / USD at around 1.2811
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-01-18 eur-usd h1.gif Size: 30 KB
  • #2,316
  • Jan 18, 2012 6:18pm Jan 18, 2012 6:18pm
Hey can anyone tell me if the webinars are recorded and if so where can I access them?
  • #2,317
  • Jan 19, 2012 1:45am Jan 19, 2012 1:45am
Quoting dappa
Hey can anyone tell me if the webinars are recorded and if so where can I access them?
They are never recorded dappa.
  • #2,318
  • Jan 19, 2012 1:48am Jan 19, 2012 1:48am
Looking for a RRT on GU!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #2,319
  • Jan 19, 2012 2:03am Jan 19, 2012 2:03am
Quoting bez3000
Looking for a RRT on GU!

I have been following this thread for a while now. Pls can you explain how to use ATR? It seems I can't still figure it out myself. Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,320
  • Jan 19, 2012 2:13am Jan 19, 2012 2:13am
Quoting ejiexe
I have been following this thread for a while now. Pls can you explain how to use ATR? It seems I can't still figure it out myself. Thanks

Reasonably early on in this thread (i.e. first 30ish pages) wizard has posted a link to a video which gives the clearest explanation you will get. I suggest you search for that.
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