Fail Better

Hi,
I'll be looking at this stocks next week. Not sure if limit ordering the levels works or you have to wait for a D1 bias but I'll demo some stuff. Thought Id put them up.
Paul

Thanks for the charts Kerinsp. Which provider do you use for your stock charts and do you get real time data? I've noticed FXPro provide real time data for some Nasdaq and NYSE stocks but not all.

Currently trialling stockcharts.com but not that impressed with their charts so far.

I wasn't convinced about this level at all. I always check D1 levels on the H1 - go back and take a look at it on that TF. I wanted D1 PA there to pivot short which we didn't get.

It also didn't help that every man and his dog wanted it short there...

-Tom

Nice levels Kerin.

My areas to watch for this week...what is everyone else looking at?

more...

Hi Sam,
same as you mostly with 2 more
paul

Hi all, hope everyone is well. I would like to throw out to people trading the crosses and what their sucess rate has been. Tom (The Wizard) has always stated to stay away or be careful.

Do you people playing them play half size etc?

Be good to hear a responce

Carlos

Hey there,
Saw this one as well but i would be cautious as it looks like the area may have already been spiked (orange box).. see how she goes i spose
josh

AJ setting up.

I'm on the app so can't post a chart, but a nice sfp on gbp/usd

Edit : previous high on 30-apr-2012. 1.63

Hello Tom and other traders here!

I found this thread a few days ago and now I've already gone through it. Awesome stuff! Very grateful for Tom openly revealing his style of making money. Can't wait attending the webinars.

One question for you Tom and other traders who have followed his style of trading for a while. What do you do in a situation, when you for example enter at a H1 level with a plan to take profit at FTA that you identified being 30 pips from the entry. Then price moves 27-28 pips in your way missing the T/P with a few pips and then starts making it back towards the entry point. Do you just let the stoploss be in its original place and wait for the push to T/P and accept that it might become a losing trade, although it was very close of hitting the T/P or do you move it to break even?

pip-shark,it,s all about your evolving R.If you open a trade with a 1:1 R/R,for example 30pips risk,30pips reward and price moves in your favour 20 pips,then your evolving R/R is 50 pips risk for 10 pips reward,which is 0.2R,which means you should be on high alert to close on any weakness.

Hope this helps.

Looks great so far. Can someone give an example how to trade this setup?

My setups for the week

My setups for the week continued

Took this set up and closed at the FTA,for a full profit....if any of you took this trade i'd like to know how you manage it .
Thanks.

anyone like these levels?

interesting. will follow up from the start properly

Nice charts Kerin.

Hi all,

Its been a while. I pulled back from trading due to work commitments plus I needed to break some bad habits.

I'm looking at EURGBP, USDCAD, XAUUSD, AUDJPY and NZDUSD.

Some charts attached.