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Fail Better

  • #4,281
  • Sep 25, 2012 9:39am Sep 25, 2012 9:39am
Quoting 9047
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.
We've missed your charts, nice levels, glad to have you back.
  • #4,282
  • Edited 6:20pm Sep 25, 2012 6:00pm | Edited 6:20pm
Classic example of a great daily bias trade....my order book was already fully so I gave this one a miss! Drawn down would have been only about 10 pips!

I used the D1 pin bar from Friday 21/9 to bias my entry and identified the low of the bar as entry .... and it shot away and is still tracking to my target nicely. Should get a nice nudge from NZ trade balance data out soon.

green line was the designated entry.
red dashed lines are the stop and target.
Attached Image(s) (click to enlarge)
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  • #4,283
  • Edited 6:19pm Sep 25, 2012 6:03pm | Edited 6:19pm
Quoting sam0182
We've missed your charts, nice levels, glad to have you back.
Thanks Sam .... I've had to work in a office again - it was terrible - can't believe they didn't like my singing ! Working from home again so I have the flexibility to keep an eye on the screens and of course work on the 3 screen tan!
  • #4,284
  • Sep 25, 2012 6:46pm Sep 25, 2012 6:46pm
What do you guys think of this level? Looks like a rounded retest to here would be a great entry.
Attached Image (click to enlarge)
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  • #4,285
  • Sep 25, 2012 7:29pm Sep 25, 2012 7:29pm
Quoting ShawnS
What do you guys think of this level? Looks like a rounded retest to here would be a great entry.
Hey,
Got an order in that area, as price closed above a recent daily close level.. Be sure to keep these in mind as well, especially when they line up with hourly tops

Josh
Attached Image (click to enlarge)
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nollej is power..
  • #4,286
  • Sep 25, 2012 8:32pm Sep 25, 2012 8:32pm
First demo trade on SFP and Rounded Test.

Ken
Attached Image (click to enlarge)
Click to Enlarge Name: sfp.png Size: 15 KB
  • #4,287
  • Sep 25, 2012 11:40pm Sep 25, 2012 11:40pm
Markets are moving tonight, keep an eye out for SFP or first time back trades.
  • #4,288
  • Edited 2:36am Sep 26, 2012 2:17am | Edited 2:36am
Quoting nollej
Hey,
Got an order in that area, as price closed above a recent daily close level.. Be sure to keep these in mind as well, especially when they line up with hourly tops

Josh
Zoom out (or just take D1 TF).

A couple of options:

 

  1. Check for divergence and the SFP (given its the 3rd time back).
  2. Rounded re-test


Fib lines (Deep Pink) show a couple of great opportunities that occurred on the way up... oh yeah we're at one now also

Also we've got a wedge (a.k.a. Spider in Dante-speak) so I'm leaning towards a break and re-test.

Just my thoughts.

Attached Image (click to enlarge)
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  • #4,289
  • Sep 26, 2012 4:58am Sep 26, 2012 4:58am
cadjpy anyone?
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  • #4,290
  • Sep 26, 2012 11:02am Sep 26, 2012 11:02am
If you trade copper futures:

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  • #4,291
  • Sep 26, 2012 1:51pm Sep 26, 2012 1:51pm
I passed on this SFP because of the opposite daily SFP but what did you guys think of this setup? It worked out to the first trouble area
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 162 KB
  • #4,292
  • Sep 29, 2012 4:34am Sep 29, 2012 4:34am
http://www.abload.de/img/cadchfu9y27.gif

http://www.abload.de/img/eurnzdmsyyb.gif

What do you guys think about these levels?
  • #4,293
  • Sep 29, 2012 4:57am Sep 29, 2012 4:57am
sorry guys , i know this question was already asked but what sfp in ur own lingo ?
  • #4,294
  • Oct 1, 2012 3:56am Oct 1, 2012 3:56am
Hello guys !
I am new to the thread. Found it recently and i am still enjoying the read (i am around page 200)

I hope you don't mind if i throw some charts i am watching hehe

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P.S. singed for Tom's free webinars. Can't wait the next one
  • #4,295
  • Oct 1, 2012 5:14am Oct 1, 2012 5:14am
My charts going into the week...
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  • #4,296
  • Oct 1, 2012 5:15am Oct 1, 2012 5:15am
One more
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  • #4,297
  • Oct 1, 2012 5:15am Oct 1, 2012 5:15am
Nice levels there Rust.
  • #4,298
  • Oct 1, 2012 5:28am Oct 1, 2012 5:28am
Quoting sam0182
Nice levels there Rust.
Thanks Sam Yours are pretty logical also
  • #4,299
  • Edited 11:00am Oct 1, 2012 10:49am | Edited 11:00am
$SLV SPF on 2hr chart.
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  • #4,300
  • Oct 1, 2012 1:50pm Oct 1, 2012 1:50pm
some ranges I am watching for potential breaks for RR.
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