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Fail Better

  • #2,381
  • Jan 20, 2012 4:14am Jan 20, 2012 4:14am
Quoting bullishbias
Hey guys,
I have been reading this thread for the past few weeks and love it. It has changed the way I look at markets and hope to begin trading live soon. For now I am in the demo stage.

I have read the entire forum however I am still trying to figure out how to use the 1hr SFP as bias? I know that I can take a position from the 1hr by entering at the open of the next bar with a limit at the FTA and a stop at the first close above/below the high/low. I have read many times that it is best to use 1hr SFP's for bias but how do I take advantage...
H1 is the trigger timeframe and D1 is the "bias" timeframe.

Therefore, if you see an SFP on the H1, you can use it for entry if you have a D1 bias!

If it's simply an SFP on it's own then make sure you have a level.

I will show you something in this weeks webinar that is really going to clear everything up on this strategy. I guarantee you don't want to miss this!
  • #2,382
  • Jan 20, 2012 4:31am Jan 20, 2012 4:31am
Quoting the_wizard
H1 is the trigger timeframe and D1 is the "bias" timeframe.

Therefore, if you see an SFP on the H1, you can use it for entry if you have a D1 bias!

If it's simply an SFP on it's own then make sure you have a level.

I will show you something in this weeks webinar that is really going to clear everything up on this strategy. I guarantee you don't want to miss this!
I love that Hourly Close below (or above) the SFP as a S/L indication . . .
Indicators show the past. Price Action "Indicates" the future.
  • #2,383
  • Jan 20, 2012 4:33am Jan 20, 2012 4:33am
Quoting benem
Here is my view for EU....Long entry at 1.2878 (Demo account)
I was tempted by this, but have decided to pass because of the near miss/butkiss yesterday afternoon, which you can see much more clearly on the H1. I'm holding out for the lower level of 1.2810 which as you can see also has fib confluence
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  • #2,384
  • Jan 20, 2012 4:37am Jan 20, 2012 4:37am
Quoting BadgerMatt
I was tempted by this, but have decided to pass because of the near miss/butkiss yesterday afternoon, which you can see much more clearly on the H1. I'm holding out for the lower level of 1.2810 which as you can see also has fib confluence

I think the bus is gone.....no more bulls i guess.
But i am going to leave the order in,since is a demo account and i'll use it in my trading journal to have a statistic reference.
Patience is essential
  • #2,385
  • Jan 20, 2012 4:54am Jan 20, 2012 4:54am
Hi guys

Anyone watching this one on EJ........getting close.
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  • #2,386
  • Jan 20, 2012 5:56am Jan 20, 2012 5:56am
Quoting jarroo
I love that Hourly Close below (or above) the SFP as a S/L indication . . .
I agree Jim Keeps those losses small. Where have I come across that before
  • #2,387
  • Jan 20, 2012 6:38am Jan 20, 2012 6:38am
Quoting the_wizard
H1 is the trigger timeframe and D1 is the "bias" timeframe.

Therefore, if you see an SFP on the H1, you can use it for entry if you have a D1 bias!

If it's simply an SFP on it's own then make sure you have a level.

I will show you something in this weeks webinar that is really going to clear everything up on this strategy. I guarantee you don't want to miss this!
hi the_wizard
i would love to join this weeks seminar. other than that, when people say keep a log/record (i know this is very important) of trades. is there any optimum way of doing it?
for instance, does anyone have any examples of a successful easy to use log/record system?
  • #2,388
  • Jan 20, 2012 9:22am Jan 20, 2012 9:22am
Glad I didn't take this trade on AUDUSD.

But looking at it, the swing bar had already close above an older weekly level so too risky for me.

Plus of course Friday afternoon madness probably best avoided.

Will certainly be hoping for a rounded retest though!

Cheers all for your insights, have a nice weekend.
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  • #2,389
  • Edited 12:38pm Jan 20, 2012 9:31am | Edited 12:38pm
Quoting quinny
hi the_wizard
i would love to join this weeks seminar. other than that, when people say keep a log/record (i know this is very important) of trades. is there any optimum way of doing it?
for instance, does anyone have any examples of a successful easy to use log/record system?
You could try 'Meet Pips' at 'Baby Pips':

http://www.meetpips.com/

I believe you can set it to confidential.

Also, you can write in the 'Comments' on MT4 for each of your trades when you place them and then link your account to MyFXBook:

http://www.myfxbook.com/
  • #2,390
  • Jan 20, 2012 10:00pm Jan 20, 2012 10:00pm
Weekly NASDAQ
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  • #2,391
  • Jan 20, 2012 10:04pm Jan 20, 2012 10:04pm
Quoting surferking
Glad I didn't take this trade on AUDUSD.

But looking at it, the swing bar had already close above an older weekly level so too risky for me.

Plus of course Friday afternoon madness probably best avoided.

Will certainly be hoping for a rounded retest though!

Cheers all for your insights, have a nice weekend.
I was looking for the bullish sentiment to pull her up so I was looking for longs
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  • #2,392
  • Jan 20, 2012 10:07pm Jan 20, 2012 10:07pm
EU 3200 level
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  • #2,393
  • Edited 7:16am Jan 21, 2012 6:23am | Edited 7:16am
Quoting surferking
Glad I didn't take this trade on AUDUSD.

But looking at it, the swing bar had already close above an older weekly level so too risky for me.

Plus of course Friday afternoon madness probably best avoided.

Will certainly be hoping for a rounded retest though!

Cheers all for your insights, have a nice weekend.
This is what I was looking for ..but no trade...dislike late fridays
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  • #2,394
  • Jan 21, 2012 7:30am Jan 21, 2012 7:30am
Price action ....interesting...predictable

3 down days into support...looking for longs

Price breaks thru .9358 support area and looking for a 1H sfp(did not happen) but the strength of orders at that level pushed price and brought it back up (2h Pin bar)at the lows .9308 area for a rounded retest at .9358 area for a short which occured sending price back down to the 1H origin of the rally from the .9325 area
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  • #2,395
  • Jan 21, 2012 3:53pm Jan 21, 2012 3:53pm
Quoting Chris P
I agree Jim Keeps those losses small. Where have I come across that before

Yeah . .one of those old cliche that still rings true .
Indicators show the past. Price Action "Indicates" the future.
  • #2,396
  • Edited Jan 22, 2012 5:59am Jan 21, 2012 4:36pm | Edited Jan 22, 2012 5:59am
Right off of a BRN, just like the Wizard teaches
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  • #2,397
  • Jan 22, 2012 5:15am Jan 22, 2012 5:15am
A quick trawl through the ISEQ. This was the only one that jumped out. any opinions on a sell at 339?
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  • #2,398
  • Edited 5:40am Jan 22, 2012 5:19am | Edited 5:40am
Hello all
I am bursting to get access to the weekly Sunday webinar.

I would be grateful for help with this. I think this threat is fantastic, and the information offered within it is exactly what I need to transform me into a very successful trader.

However, I must get into the webinar to see examples and explanations that can not be shown in written text alone. I can't send PMs so I am very limited.

All advice most welcome.

All the best to you all

Quinny
  • #2,399
  • Jan 22, 2012 7:38am Jan 22, 2012 7:38am
http://www.reuters.com/article/2012/...80L0AE20120122
  • #2,400
  • Jan 22, 2012 7:44am Jan 22, 2012 7:44am
Quoting quinny
Hello all
I am bursting to get access to the weekly Sunday webinar.
Quinny
Hello Quinny,

Google Trader Dante and you will find his website address from where you will find signup instructions. I don't want to post a link here purely to prevent Tom getting spammed.
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