SFM - Trading Room | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

USD/CAD Trading Room 470 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: SFM - Trading Room
Exit Attachments

SFM - Trading Room

  • #581
  • Aug 24, 2010 11:06pm Aug 24, 2010 11:06pm
Quoting aswilled
What does this mean and what is all them fibs telling you? Do you have all your fibs on one chart?
Hi master aswilled,

I just try to use SFM in bigger period and bigger tf ....here is my initial posting http://www.forexfactory.com/showthre...83#post3929883

Thank you for the attention master ....

rgds,iqyu
not euphoria follower
  • #582
  • Aug 24, 2010 11:57pm Aug 24, 2010 11:57pm
Quoting iqyu5an
Hi master aswilled,

I just try to use SFM in bigger period and bigger tf ....here is my initial posting http://www.forexfactory.com/showthre...83#post3929883

Thank you for the attention master ....

rgds,iqyu
At least you called him "Aswilled" this time instead of "Asswilled" like you did before, that may help!
  • #583
  • Aug 24, 2010 11:57pm Aug 24, 2010 11:57pm
Quoting DotMag
Hi Everyone,
I followed the EJ downtrend: entering short @106.704 at 4:45 am EST near the morning breach, fibbed from 107.520 high to 106.103 low, I got some pips closing the trade on first rebound, but didn't re-enter -still my emotions -, It would have been a nice run .
Anyway I'm still studying.

Dotmag
Good trade Dotmag, I also took this one!! I made a nice profit
  • #584
  • Aug 25, 2010 12:08am Aug 25, 2010 12:08am
Quoting simoneg

Today the GU hit weekly bear target #1 right at the Monthly Long level. So I bought off that level as well as the first breach as at 5:00am EST from this mornings low. This buy is pushing up into our swing breach at 1.5494 so we should get some selling/pullback from there.
Hi Simone,

I saw this too, but price seemed to be going short to me so thats what i did... Came close to getting 50 but it came back to 30, and then i took another one that went the wrong way for -10... We did have quite a few -34% lines from various timeframes meeting around that area too.

Ive got so many lines on my charts now it can be hard to decide what to base decisions like this on. Can you offer any advice regarding how to weigh the different information being presented (eg higher timeframes have more weight etc), sometimes there may be conflicting or mixed signals. Thanks! :-)
  • #585
  • Aug 25, 2010 12:37am Aug 25, 2010 12:37am
Quoting iqyu5an
Hi master aswilled,

I just try to use SFM in bigger period and bigger tf ....here is my initial posting http://www.forexfactory.com/showthre...83#post3929883

Thank you for the attention master ....

rgds,iqyu
How is it working for you? But can you tell which fib is which with all them indicators on one page? How many pip stoploss are you using? And why are you position trading? Also when you give a trade set up, tell why you think the market will do this or that. We would like to know what you think. And would like to know how to position trade this method. And how long does it take to make x amount of pips.
A. Finesse Williams Making Millions One Pip At A Time!
  • #586
  • Aug 25, 2010 12:50am Aug 25, 2010 12:50am
Quoting Jazznos
Hi Simone,

I saw this too, but price seemed to be going short to me so thats what i did......
Erase all that spaghetti. And use the breach fib and candle signals to tell you what the market is doing. Once you get 20 pips in, be ready to pull out at any sign of a retrace. Enter back in when the breach and candles tell you to. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #587
  • Aug 25, 2010 12:57am Aug 25, 2010 12:57am
Quoting aswilled
How is it working for you? But can you tell which fib is which with all them indicators on one page? How many pip stoploss are you using? And why are you position trading? Also when you give a trade set up, tell why you think the market will do this or that. We would like to know what you think. And would like to know how to position trade this method. And how long does it take to make x amount of pips.
Hi aswilled,

I use scfm or sfm methode for question u're asking.... but i need clear rejection confirmation first for higher TF and Period , to define this is bottom or top level then jump in for an entry .

For example....based on 1H, i see clear rejection for bear in 61 monthly this week. And right now, i see small rejection in 38 daily

but yes... time will tell what the real trend is ..... we never know the exact

But overall...i use sfm / scfm framework to do this.

*** i am testing it and still need 1 year real trading for sure
not euphoria follower
  • #588
  • Aug 25, 2010 1:28am Aug 25, 2010 1:28am
if 61 monthly hold well >> bull
If 61 monthly broken >> bear

Entry and others ? >>> use sfm /scfm

Rgds,iqyu
Attached Image (click to enlarge)
Click to Enlarge Name: aug 25 d .JPG Size: 54 KB
not euphoria follower
  • #589
  • Aug 25, 2010 2:15am Aug 25, 2010 2:15am
Quoting aswilled
Erase all that spaghetti. And use the breach fib and candle signals to tell you what the market is doing. Once you get 20 pips in, be ready to pull out at any sign of a retrace. Enter back in when the breach and candles tell you to. :nerd:
Hi Aswilled... Hmmm after our last call with Simone, the impression i had was that it was important to take notes of fibs from all timeframes...!

Eg tonight, on cable, we seem to be coming to a monthly 61.8 which coincides with yesterdays daily fib 19.1 (1.5398) so Im thinking there could be good buying from there - but market appears to be in overall downtrend... recent candles have long wicks going both ways and trendlines are pointing sideways too.

Wouldnt we want to have clearer signals than just the breach fib and candles? Looks to me that paying close attention to signals given by the larger swing fib and the rest is pretty crucial! Sorry, but youre advice seems to be contradicting my impressions so far with Simone etc so it would be good to clarify - but i like your simplicity!!
  • #590
  • Aug 25, 2010 3:09am Aug 25, 2010 3:09am
Quoting iqyu5an
Hi aswilled,

I use scfm or sfm methode for question u're asking.... but i need clear rejection confirmation...
When you say daily or monthly are you talking about the fib or the chart?
A. Finesse Williams Making Millions One Pip At A Time!
  • #591
  • Aug 25, 2010 3:20am Aug 25, 2010 3:20am
Quoting Jazznos
Hi Aswilled... Hmmm after our last call with Simone, the impression i had was that it was important to take notes of fibs from all timeframes...!

Eg tonight, on cable, we seem to be coming to a monthly 61.8 which coincides with yesterdays daily fib 19.1 (1.5398) so Im thinking there could be good buying from there - but market appears to be in overall downtrend... recent candles have long wicks going both ways and trendlines are pointing sideways too.

Wouldnt we want to have clearer signals than just the breach fib and candles? Looks to...
Yes you are to pay attention to levels on other time frames. But to mark them all is only confusing you. Because you are giving significance to each and every one. When noticing levels, you are looking for convergence. Me and simone mentioned this before. The candles and breach fib will show you which level the market is paying attention to. I didn't mean to confuse you, but I am trying to prevent you from confusing yourself.
A. Finesse Williams Making Millions One Pip At A Time!
  • #592
  • Aug 25, 2010 3:32am Aug 25, 2010 3:32am
Quoting aswilled
I didn't mean to confuse you, but I am trying to prevent you from confusing yourself.
LOL yes and i very much appreciate that! I need to go back and study more before i do too much more live trading i think.

How are you calling things tonight? SOme of us stayed out cos of news and now i kinda regret it! Though i thought it would go long on EUR for example.. bit risky... Now its hard to read...
  • #593
  • Aug 25, 2010 3:33am Aug 25, 2010 3:33am
Quoting aswilled
When you say daily or monthly are you talking about the fib or the chart?
Fib sir ... i wrote on the chart also .... sorry not written in posting . forgot
not euphoria follower
  • #594
  • Aug 25, 2010 3:41am Aug 25, 2010 3:41am
Quoting aswilled
When noticing levels, you are looking for convergence. The candles and breach fib will show you which level the market is paying attention to.
Re convergence - convergence of ANY fibs, or convergence eg of the same type - like a few 19.1s showing support? Do we want 4 of a kind or a straight? :-)
  • #595
  • Aug 25, 2010 8:41am Aug 25, 2010 8:41am
Quoting iqyu5an
Hi madame....

Congrats for your green pips.............

currently i am trying to implement your methode in higher period daily,monthly,weekly,year and quarterly ) and higher TF ( 1 H , 4H and higher).

It looks promising....

Overall combining your intraday ( m15 based ) and sfm in higher tf and periode, i already make multiple times of my first deposit. but i am still testing it for a year for sure ....


For this week trading....until now it looks running as weekly prediction (http://www.forexfactory.com/showpost...&postcount=554).

After...
Thanks iqyu5an! Glad to know you could wrap the method around your trading personality. Continue to post your long term analysis. There are a lot of big TF traders who appreciate it!
Hero Traders Live to see their Accounts Die!
  • #596
  • Aug 25, 2010 9:33am Aug 25, 2010 9:33am
Hi Everyone,

The Skype group would like to share the analysis that we recorded this morning. Please find the link at http://www.youtube.com/watch?v=F5GsWm6tT7Y

We went long at 1.5409, off the swing 19.1 which has been holding since yesterday. This is also our MONTHLY LONG level.

Additionally, the following chart supports our interim Bull Target at 1.5540-1.5550. Possibly we can extend to 1.5616 but we must watch this first level should we break our swing resistance at 1.5460.
Attached Image (click to enlarge)
Click to Enlarge Name: guaug25.jpg Size: 457 KB
Hero Traders Live to see their Accounts Die!
  • #597
  • Aug 25, 2010 9:35am Aug 25, 2010 9:35am
Quoting Jazznos
Re convergence - convergence of ANY fibs, or convergence eg of the same type - like a few 19.1s showing support? Do we want 4 of a kind or a straight? :-)
I say both!!!
Hero Traders Live to see their Accounts Die!
  • #598
  • Aug 25, 2010 9:56am Aug 25, 2010 9:56am
I see it also using monthly fib madame ....

rgds,iqyu

Quoting simoneg
Hi Everyone,

The Skype group would like to share the analysis that we recorded this morning. Please find the link at http://www.youtube.com/watch?v=F5GsWm6tT7Y

We went long at 1.5409, off the swing 19.1 which has been holding since yesterday. This is also our MONTHLY LONG level.

Additionally, the following chart supports our interim Bull Target at 1.5540-1.5550. Possibly we can extend to 1.5616 but we must watch this first level should we break our swing resistance at 1.5460.
Attached Image
not euphoria follower
  • #599
  • Aug 25, 2010 10:05am Aug 25, 2010 10:05am
Quoting iqyu5an
I see it also using monthly fib madame ....

rgds,iqyu
Like the way the bigger and smaller TFs come together on this one iqyu5an. Lets see how it plays out!
Hero Traders Live to see their Accounts Die!
  • #600
  • Aug 25, 2010 10:32am Aug 25, 2010 10:32am
Next Breach Entry point at 1.5448
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.jpg Size: 466 KB
Hero Traders Live to see their Accounts Die!
0 traders viewing now