Mastering the Fakeout / Stop Hunt Candle | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mastering the Art of Stop Loss 40 replies

Mastering Trade Management / Stop hunters 27 replies

Quantify the market - breakout or fakeout 52 replies

Breakout or fakeout? 0 replies

Your Anti-Fakeout Systems / Methods 5 replies

Attachments: Mastering the Fakeout / Stop Hunt Candle
Exit Attachments

Mastering the Fakeout / Stop Hunt Candle

  • #141
  • Feb 28, 2019 6:44pm Feb 28, 2019 6:44pm
FXCyborg you might wanna re-explain this trading system because the charts I'm seeing posted here are trades in the middle of nowhere. I don't wanna be debby downer but guys not every engulfing pattern or piercing candle is an entry signal.
Read in between the price!!!
  • #142
  • Feb 28, 2019 6:57pm Feb 28, 2019 6:57pm
Quoting calebfx
FXCyborg you might wanna re-explain this trading system because the charts I'm seeing posted here are trades in the middle of nowhere. I don't wanna be debby downer but guys not every engulfing pattern or piercing candle is an entry signal.
I agree, can tell by the amount of question that :

a) thread is full of noobs, or

b) the methodology has not been explained properly

I don't know the fascination about the other thread, I couldn't grasp that candle pattern.

This thread, as I said, it's basically an ENGULFING candle, unless the OP cares to show past example of his actual successful trades to really prove the pattern.....

And given the length of experience claimed and going to the trouble to share the method, it should be easy to demonstrate, well, I would think so.

You don't say it's for 4 Hour and above, and then post a lot of 5 minutes charts with no explanation of the trades.

I don't know the fascination of everyone always needing to find the mysterious new pattern, just use the old stuff that works, but remember, nothing works all the time.

And if you really want to be a famous guru, when you find these new patterns (which are really still the old patterns) you need to give them a name:

Example, the Kangaroo Tail, or the Fakey or Big Shadow, it never stops amusing me
It takes a lot for me to IGNORE you, but you can try.
  • #143
  • Feb 28, 2019 7:31pm Feb 28, 2019 7:31pm
Quoting Erebus
{quote} I agree, can tell by the amount of question that : a) thread is full of noobs, or b) the methodology has not been explained properly I don't know the fascination about the other thread, I couldn't grasp that candle pattern. This thread, as I said, it's basically an ENGULFING candle, unless the OP cares to show past example of his actual successful trades to really prove the pattern..... And given the length of experience claimed and going to the trouble to share the method, it should be easy to demonstrate, well, I would think so. You don't...
The fascination at the other thread is that not a lot of traders are going to take the time to so thoroughly describe a method of trading. He typed it out, and then proceeded to put over 100 corrected and annotated charts for people to follow. Only one or two other people have done that much to explain a method in recent forum history. Those people would be Davit and billytt. Honorable mention to TooSlow. FXCyborg is also a great marketer, and clearly knows how to run an online community. Is supply and demand new? Maybe not to you or me or claudia or VEEFX, but it is very new to a lot of people just getting started. He saved people a lot of time and even more energy. I started back in 1998 and none of this was here. Now, a bunch of new and intermediate traders can be spared from the indicator rabbit hole a bunch of us went down. This alone will save a trader years of time. The guy has a lot patience, and you gotta give him that. I think a lot of us veteran traders are so hardened from stealth marketers and scammers that anytime a new thread gets started we are waiting to pounce, myself included. There is nothing new under the sun, this is true, but some traders haven't been out in the sun as long as some of the rest of us have. Just sayin.
If you are good at something, never do it for free--Joker
  • #144
  • Feb 28, 2019 8:57pm Feb 28, 2019 8:57pm
Quoting jmn5611
{quote} The fascination at the other thread is that not a lot of traders are going to take the time to so thoroughly describe a method of trading. He typed it out, and then proceeded to put over 100 corrected and annotated charts for people to follow. Only one or two other people have done that much to explain a method in recent forum history. Those people would be Davit and billytt. Honorable mention to TooSlow. FXCyborg is also a great marketer, and clearly knows how to run an online community. Is supply and demand new? Maybe not to you or me...
Well put and couldn't agree anymore He starts with a very detailed explanation of his method and then breaks it down with detailed charts.
  • #145
  • Feb 28, 2019 9:05pm Feb 28, 2019 9:05pm
Got stopped out. I will chose setups in stronger trends next time.
Attached Image
  • #146
  • Feb 28, 2019 9:39pm Feb 28, 2019 9:39pm
@Chamane, sorry i am only responding now, but when i saw your first post i immediately said to my self that it was not a good set up. In such a market condition with the counter trend move or retracement, you were supposed to look for a fakeout to the downside which meant you should be looking for a long entry, please try and understand the principles again....i have had 7 out of 6 correctly in the past two days.
  • #147
  • Feb 28, 2019 9:56pm Feb 28, 2019 9:56pm
Quoting drsa1970
{quote} Wide SL could be a good solution .... but I lost on below games as well ... I would like to know that what we should take care of ? {image}
Hi dsra1970.

Not sure if you saw the posts from Erebus, but he is correct in pointing out that you do not have " New York Close" charts.

Not sure if you know, so my apologies if you do.........
The 24 Hour trading day/cycle finishes at 5 PM New York time. The 24 hour NEW trading day/cycle starts a millisecond after New York closes in either Sydney AUS or Christchurch NZ (depending on time of year).

IF you do NOT have NY Close charts, it simply means that your Daily charts will not reflect what everyone else see's.
Obviously, that will also impact on the H4 time frame candles as well, as they will also not be seen as closing at the correct time as well.

So if you are trading setups from the D1 or H4, then it is imperative that you have NY close charts, otherwise you are wasting your time.

I would suggest that you contact your broker to confirm this. If they cannot assist you with NY close charts, I would suggest you find a broker who does, or download a "Demo" version from another broker,and use THAT data feed to look for setups.

I hope that helps.
Kind regards
Michael
  • #148
  • Feb 28, 2019 10:32pm Feb 28, 2019 10:32pm
Quoting drsa1970
{quote} Wide SL could be a good solution .... but I lost on below games as well ... I would like to know that what we should take care of ? {image}
lost on what? USDCAD? because you're not following the rules, you have no diagonal trend lines at all. And remove the other stuff on there, its not needed. And you need to be more patient for them to get hit... and I never said for everyone to work off H4, I said it works on H4 or higher, and lower.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #149
  • Feb 28, 2019 10:33pm Feb 28, 2019 10:33pm
EUR JPY 1h set up. Good time to enter sell now.
GBP JPY 4h in watch list as it is forming good sell set up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ.png Size: 310 KB
Click to Enlarge Name: GJ.png Size: 271 KB
  • #150
  • Feb 28, 2019 10:34pm Feb 28, 2019 10:34pm
Quoting chamane
Got stopped out. I will chose setups in stronger trends next time. {image}
SL too tight
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #151
  • Feb 28, 2019 10:36pm Feb 28, 2019 10:36pm
Quoting smartcash
Hi Buy setup in 30mins?? {image}
that works.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #152
  • Feb 28, 2019 10:37pm Feb 28, 2019 10:37pm
Quoting Trader418
So, my first time posting trade possibilities. I marked them with numbers, so its easier for you to say your opinion :-) {image} {image}
act off the areas I mentioned.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #153
  • Feb 28, 2019 10:39pm Feb 28, 2019 10:39pm
Quoting drsa1970
FXCyborg, this position didn't work for me ... Any technical reason that I should avoid this setup? {image}
maybe try practicing patience rather than coming back within 5 minutes of identifying one and saying it didn't work.. just have patience, what did I say on the first page?
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #154
  • Feb 28, 2019 10:40pm Feb 28, 2019 10:40pm
Quoting Alt-leo
An image is my analyze of CL futures market using Fakeout/Stop hunt into an intraday market at LOD or HOD on the time I took the trade at the area of Demand/Supply. Could someone give some input? Thank you {image}
imperfect setup, but TP hit.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #155
  • Feb 28, 2019 10:46pm Feb 28, 2019 10:46pm
Quoting radofx
Hello, assuming wrong is OK in a risk free environment, meaning this chit chat here. I slightly do not believe you hadn't had a teacher, but again, assuming wrong is alright i guess..., here is a image as requested, and no more will be submitted on my side, i just admire your passion for sharing, and again, you are not self thought, but hey, lets not share all, right... that's all... There is a partial position close and entry made on different rules, also a positive stop is in place by now, so apologies if i am off topic, just i like to add more...
Assuming things about me is NOT ok though. That's what I was on about, so don't twist it. lol

I don't really care what you think to be honest mate, just because you never had a teacher, doesn't mean the person showing you has.

There are such things as called "Self-taught" people. I've had to the time to teach myself, you haven't, hence your silly views. Let it be the last one about me, you're out of line and out of order. smh

I don't know how someone with your passive, aggressive, know it all about me, but don't - attitude is coming from?

Leave those lame opinions to yourself please and stick to trading.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #156
  • Feb 28, 2019 10:51pm Feb 28, 2019 10:51pm
Quoting calebfx
FXCyborg you might wanna re-explain this trading system because the charts I'm seeing posted here are trades in the middle of nowhere. I don't wanna be debby downer but guys not every engulfing pattern or piercing candle is an entry signal.
I don't need to re-explain anything. This is easier than the other thread I made, why are you trying to complicate this?

None of you are using trendlines, identifying support or resistance or supply properly. and we're not teaching engulfing patterns here, I think you have the wrong thread?

And who said that every candle was going to be a signal/alert?

Listen guys, this is built for the H4 time frame and ABOVE, its for people who don't have time in their day and only want to look at the market close candle and decide, set and forget.

If you're going to be using lower time frames, you're going to need to do more work, again, this is not difficult, so kindly don't make it be, and more importantly, post in the correct thread...

Don't give me the next 20 pages like the last thread with this trolling like frustration. Sit back, relax and read the info put in front of you. If my God daughter can do this, I don't see why you can't and she just turned 5 last week.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #157
  • Feb 28, 2019 11:00pm Feb 28, 2019 11:00pm
Quoting Erebus
{quote}You don't say it's for 4 Hour and above, and then post a lot of 5 minutes charts with no explanation of the trades.
I'm not going to reply to the other stuff, it's just showing a pure sign that you have trouble really digesting stuff, its ok, but please don't type out all that when really it means nothing and it was you that was confused from the setgo.


Read this image, or better yet please read the first page - you clearly haven't (

What is wrong with people when new threads are started, is there a mandatory troll session for the first 10-20 pages?

Or do I need to put in another 100 pages worth of corrections into something that is not needed, common sense has a huge role in trading guys, so does paying attention to what was said. The rules were not long, or hard to follow. And now I have 2 or 3 people getting all stiff about this?

SMH

I was going to do a 3rd thread, but if this keeps up, I just wont bother with it. I'll go back to my charts aiming for 1000-1500 pip weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #158
  • Feb 28, 2019 11:16pm Feb 28, 2019 11:16pm
Quoting drsa1970
{quote} Wide SL could be a good solution .... but I lost on below games as well ... I would like to know that what we should take care of ? {image}
drsa,

When trading you "must" reason why you would and wouldn't take the trade. I see far to many people making decisions to trade without building a case for or against.

The screenshot below are some of the reasons why I wouldn't take the NZD/CAD H4 trade...

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad H4.jpg Size: 416 KB


All the best

D...
  • #159
  • Feb 28, 2019 11:58pm Feb 28, 2019 11:58pm
Quoting kylehaman
{quote} Well put and couldn't agree anymore He starts with a very detailed explanation of his method and then breaks it down with detailed charts.
You will notice that a lot of the older dogs came in and said their peace, and then left him alone. We know about supply and demand. It was his thread, and for whatever reason boredom overtook him and he decided to write a small book about supply and demand. He says he has his own signal and consulting business. Personally, I think he might be Sam Seiden, but he does not want to be peppered with questions on that level, or he may not want their company to be involved in this thread. Sometimes fame and notoriety have some real drawbacks. I am aware of this on a much, much smaller scale. If he is not Sam, then he has a cosmic trading twin, which is entirely possible.
If you are good at something, never do it for free--Joker
  • #160
  • Mar 1, 2019 12:03am Mar 1, 2019 12:03am
Quoting jmn5611
{quote} You will notice that a lot of the older dogs came in and said their peace, and then left him alone. We know about supply and demand. It was his thread, and for whatever reason boredom overtook him and he decided to write a small book about supply and demand. He says he has his own signal and consulting business. Personally, I think he might be Sam Seiden, but he does not want to be peppered with questions on that level, or he may not want their company to be involved in this thread. Sometimes fame and notoriety have some real drawbacks....
dont think he's going to like you calling him Sam Seiden
2 traders viewing now