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  • #1,341
  • Aug 14, 2011 3:29am Aug 14, 2011 3:29am
Quoting jeffokes
These are the well-known Bearish Outside Bars and Bearish Engulfing Bars...if these are what he was talking about then it's just that I didn't hear him. I know these well. Thanks a lot !!!
But only on Natural Gas, D1 charts
  • #1,342
  • Aug 14, 2011 3:58am Aug 14, 2011 3:58am
I just finished reading the whole thread!!!

It is well worth it!!!

Thanks Tom!!!
  • #1,343
  • Aug 14, 2011 4:04am Aug 14, 2011 4:04am
Did not trade it but it sure was a beauty.

Attached Image


pat
  • #1,344
  • Aug 14, 2011 11:04am Aug 14, 2011 11:04am
Will there be a link to the webinar here?
  • #1,345
  • Aug 14, 2011 11:20am Aug 14, 2011 11:20am
will be in email . have u subscribed to webinar in the past ? if yes then you will get the email.

If not you can email Tom and I believe he will add you to the list

another nice one but didn't traded it

http://content.screencast.com/users/...08-14_1722.png
  • #1,346
  • Aug 14, 2011 11:25am Aug 14, 2011 11:25am
Yea Iemailed him, are you finding these patterns on any stocks, or just looking at popular ones?
  • #1,347
  • Aug 14, 2011 2:52pm Aug 14, 2011 2:52pm
Unfortunately I was unable to attend today's webinar.

Would some kind soul be prepared to post a summary.

Thanks
Michael
  • #1,348
  • Aug 14, 2011 4:39pm Aug 14, 2011 4:39pm
mostly about zebras
  • #1,349
  • Aug 14, 2011 5:22pm Aug 14, 2011 5:22pm
Quoting poca
mostly about zebras
I find the elephant to be a much more reliable pattern personally......

:-D
  • #1,350
  • Aug 14, 2011 8:09pm Aug 14, 2011 8:09pm
Hi,

I've attached a daily chart for USDCAD. I've identified what I think are two SFPs. The first in box A and the second (enclosing A) in box B.

Can someone please confirm I've got this correct.

Regards,

9047
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_sfp.jpg Size: 197 KB
  • #1,351
  • Aug 15, 2011 1:42am Aug 15, 2011 1:42am
Quoting 9047
Hi,

I've attached a daily chart for USDCAD. I've identified what I think are two SFPs. The first in box A and the second (enclosing A) in box B.

Can someone please confirm I've got this correct.

Regards,

9047
Are you serious?! Because if you are, I suggest you try a different endeavour!
  • #1,352
  • Aug 15, 2011 2:01am Aug 15, 2011 2:01am
The USDCHF has hit the offer I had in the market at 0.7889 that we spoke about in the webinar.

We've reacted over 60 pips off here so far with a 7 pip drawdown.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1.gif Size: 20 KB
  • #1,353
  • Aug 15, 2011 2:04am Aug 15, 2011 2:04am
This chart shows the PA that has now occured at the level after we have entered at it.

As I said in a earlier post, if you get good at identifying the turning points, the old way of trading price action becomes like a lagging indicator.

At the point where the H1 pin bar traders are now taking positions (this was me back in the day), the level traders are now up 64 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: pin1.gif Size: 21 KB
  • #1,354
  • Aug 15, 2011 2:13am Aug 15, 2011 2:13am
This is an update on the potential trade that we spoke about on CHF/JPY in the webinar.

You will see from the image attached of the D1 time frame that there is an obvious level at 97.74 that looks like a fantastic potential trade at first glance.
Attached Image (click to enlarge)
Click to Enlarge Name: chf1.gif Size: 20 KB
  • #1,355
  • Aug 15, 2011 2:17am Aug 15, 2011 2:17am
In the webinar I explained why this did not appeal to me as much when I dropped down to the H1 and why (if I traded the crosses) I would bid at the white dashed line down at 96.32.

I have attached a chart - if there is anyone that has attended the webinars or read the thread and does not immediately know from looking at this chart why 96.32 was the best level to buy out of all those significant s/r pivots marked, you have missed something VERY, VERY important.
Attached Image (click to enlarge)
Click to Enlarge Name: chf2.jpg Size: 76 KB
  • #1,356
  • Aug 15, 2011 2:25am Aug 15, 2011 2:25am
Tom,
how far do you ride it? Gap close/
PP

Quoting the_wizard
This chart shows the PA that has now occured at the level after we have entered at it.

As I said in a earlier post, if you get good at identifying the turning points, the old way of trading price action becomes like a lagging indicator.

At the point where the H1 pin bar traders are now taking positions (this was me back in the day), the level traders are now up 64 pips.
  • #1,357
  • Edited 3:00am Aug 15, 2011 2:31am | Edited 3:00am
Quoting Gt3rs
Are you serious?! Because if you are, I suggest you try a different endeavour!
Hey thanks for the kick in the nuts.... but the itch is actually on the left ball... you got all right ball

Please try again with some constructive feedback.

I think the big box is double bottom of the a pattern I seen lots and usually marks a turn around. Anyway.

EDIT: I am relatively new to this so please cut me some slack. I can't actually find a definition of SFP in the thread. Based on previous posts by Jeffokes I am assuming the pattern is a swing low/high (ideally with a shooting star doji, hammer etc) with a swing back (sometimes to the FTA?) followed by another swing lower/higher than then previous one that forms a bottom identified by an appropriate candlestick pattern etc. Which sort makes me think of the "W" double bottom/top. But I'm obviously missing as Gt3rs so kindly pointed out.

Gt3rs please flame me again by highlighting my lame search abilities and point me to the post that will help understand this better

9047
  • #1,358
  • Aug 15, 2011 3:21am Aug 15, 2011 3:21am
Quoting 9047
Hey thanks for the kick in the nuts.... but the itch is actually on the left ball... you got all right ball

Please try again with some constructive feedback.

I think the big box is double bottom of the a pattern I seen lots and usually marks a turn around. Anyway.

EDIT: I am relatively new to this so please cut me some slack. I can't actually find a definition of SFP in the thread. Based on previous posts by Jeffokes I am assuming the pattern is a swing low/high (ideally with a shooting star doji, hammer etc) with a swing back (sometimes...
Hey 9047,

check this post by Wiz: http://www.forexfactory.com/showthre...37#post4714937

I hope it helps, if not, ask away.
kpt
  • #1,359
  • Aug 15, 2011 3:22am Aug 15, 2011 3:22am
Previously Malarky posted gold (see the highlighted blue area in the attached) as possibly forming an SFP. My questions are:

1. Was this an accurate call to begin with? (I understand that the SFP is just a high probability setup and not a rule).
2. If it was valid, was this because of the first swing was followed by the retrace to previous resistances (would that be called the FTA after one "spike" above it?) with the following swing to a new low on 11 August?

That said am I correct in identifying the bar on the 11th as a bearish engulfing bar?

Thank you,

9047
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd_sfp_fail.gif Size: 55 KB
  • #1,360
  • Aug 15, 2011 6:27am Aug 15, 2011 6:27am
Quoting 9047
Previously Malarky posted gold (see the highlighted blue area in the attached) as possibly forming an SFP. My questions are:

1. Was this an accurate call to begin with? (I understand that the SFP is just a high probability setup and not a rule).
2. If it was valid, was this because of the first swing was followed by the retrace to previous resistances (would that be called the FTA after one "spike" above it?) with the following swing to a new low on 11 August?

That said am I correct in identifying the bar on the 11th as a bearish engulfing...
I have marked two examples of SPF on your chart.

Point 1) Market makes a swing low in the circle and then rallies away from here. It doesn't have to rally to an FTA, it just has to rally off the low. How much is discretionary but I like to see some significant movement away - I'm sorry I can't be more specific. I don't use fixed rules. I am very discretionary. You can then see it comes back and breaks that prior low and closes above...JUST. There is a decent amount of space and this is a tradable setup.

Point 2) Same here. Market makes a swing high in the circle and then drops away from here. We come back to that previous high, break above and close below. Bingo.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd_sfp_fail.gif Size: 80 KB
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