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Fail Better

  • #1,581
  • Aug 30, 2011 4:08pm Aug 30, 2011 4:08pm
Quoting the_wizard
Looking for shorts on EURUSD today after the D1 SFP.
please forgive... SFP???
  • #1,582
  • Aug 30, 2011 4:10pm Aug 30, 2011 4:10pm
Quoting kevins
please forgive... SFP???
Swing Failure Pattern ...... everything is covered previously in the thread. Would really recommend starting from the beginning and reading through it. Won't take you long and there is a lot of good material here!

MM
  • #1,583
  • Aug 30, 2011 4:17pm Aug 30, 2011 4:17pm
Thanks much. I guess reading it through only once doesn't quite cut it. Back to the beginning I go.
  • #1,584
  • Aug 30, 2011 4:26pm Aug 30, 2011 4:26pm
Quoting kevins
Thanks much. I guess reading it through only once doesn't quite cut it. Back to the beginning I go.
LOL, I guess a lot has also been covered in more detail in the webinars ..... in fact I think SFP was first introduced in the webinar but there is a lot of discussion of the pattern starting from around this post:

http://www.forexfactory.com/showthre...80#post4859180
  • #1,585
  • Aug 31, 2011 2:55am Aug 31, 2011 2:55am
daily SFP on EURCHF, looking for a short entry
Attached Image (click to enlarge)
Click to Enlarge Name: 31-08-2011 5-47-03 PM.png Size: 24 KB
  • #1,586
  • Aug 31, 2011 6:47am Aug 31, 2011 6:47am
This is not SFP. It is just ANOTHER SWING which just made new high. Thats how I see the daily eur/chf chart.

Correct me someone if im wrong...
  • #1,587
  • Aug 31, 2011 7:36am Aug 31, 2011 7:36am
Quoting Salda
This is not SFP. It is just ANOTHER SWING which just made new high. Thats how I see the daily eur/chf chart.

Correct me someone if im wrong...
I think this IS an SFP and therefore you are right to be looking for shorts.
  • #1,588
  • Aug 31, 2011 8:46am Aug 31, 2011 8:46am
This was to me a no brainer. Great support, beautiful rounded retest and overextended atr.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 23 KB


pat
  • #1,589
  • Aug 31, 2011 9:00am Aug 31, 2011 9:00am
Quoting plund
This was to me a no brainer. Great support, beautiful rounded retest and overextended atr.

Attachment

pat
. I missed this. What is your expected FTA here ? My expectation is 0.8115..
  • #1,590
  • Aug 31, 2011 9:09am Aug 31, 2011 9:09am
USDCHF long @ 0.8000

took profit below 0.80600

Edit: Didnt see your post Plund ;-)
  • #1,591
  • Aug 31, 2011 9:13am Aug 31, 2011 9:13am
Quoting plund
This was to me a no brainer. Great support, beautiful rounded retest and overextended atr.

Attachment

pat
Yes, I joined in on that too! A great example of what Tom's been highlighting, imho.
  • #1,592
  • Edited 9:33am Aug 31, 2011 9:20am | Edited 9:33am
Quoting cprao
. I missed this. What is your expected FTA here ? My expectation is 0.8115..
Might very well go higher but I'm all out at 0.8090.

Edit: Have to add that I'm probably the worst trader ever to hold on to trades. So I'm rather out fairly early.

pat
  • #1,593
  • Edited 9:28am Aug 31, 2011 9:24am | Edited 9:28am
Quoting the_wizard
I think this IS an SFP and therefore you are right to be looking for shorts.
You are right propably but for me it is not that kind of SFP I would be looking for.

But there were many other reasons to go short around this level e.g. On 4h(I know that you dont look on 4h) there was very nice SFP in form of PB and I actually had this level highlited many days ago :-)

Quoting plund
This was to me a no brainer. Great support, beautiful rounded retest and overextended atr.
pat
Why you havent shared it with us little bit earlier? It was great one. I still dont know how I could miss this one :/
  • #1,594
  • Aug 31, 2011 9:26am Aug 31, 2011 9:26am
One to keep an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_12 Aug. 31 15.24.jpg Size: 92 KB
  • #1,595
  • Aug 31, 2011 11:42am Aug 31, 2011 11:42am
Quoting plund
Might very well go higher but I'm all out at 0.8090.

Edit: Have to add that I'm probably the worst trader ever to hold on to trades. So I'm rather out fairly early.

pat
Looks like you got out 1 pip shy of the high.

Unreal.

That trade was, in my opinion, basically my strategy.

It really does not get any better (just don't check my twitter stream) LOL
  • #1,596
  • Aug 31, 2011 3:13pm Aug 31, 2011 3:13pm
Quoting the_wizard
Looks like you got out 1 pip shy of the high.

Unreal.

That trade was, in my opinion, basically my strategy.

It really does not get any better (just don't check my twitter stream) LOL
My order missed the entry by 3 pips!!

TP was set as 0.8070......

Bummer!! lol!!
  • #1,597
  • Aug 31, 2011 3:41pm Aug 31, 2011 3:41pm
what about this one?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 24 KB
Support the Resistance
  • #1,598
  • Aug 31, 2011 4:39pm Aug 31, 2011 4:39pm
Hi All,

New to the thread, some material is familiar some not. Anyone seen the possible SFP on GBPCAD?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad sfp.jpg Size: 88 KB
  • #1,599
  • Aug 31, 2011 4:46pm Aug 31, 2011 4:46pm
This seemed a reasonable opportunity to me.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_13 Aug. 31 22.44.jpg Size: 80 KB
  • #1,600
  • Aug 31, 2011 4:55pm Aug 31, 2011 4:55pm
Quoting 4FXsake
This seemed a reasonable opportunity to me.
It seemed to get a reasonable bounce at a couple of those previous highs. I noted down 1.1518 from the H1 but would of been shy 6 pips I think.
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