Fail Better

A very clear R to S transition play. A lot of space created by the RR.

Hmmm...

1. 4 Touch daily level formed over 6 months
2. Great reactions off the level during formation
3. Lots of space on the RR
4. Has Fib. confluence
5. Today's ATR is over extended

Very nice... ticks all boxes - I'm in!

Thanks for the post Rust!

Well that didn't work. Lessons learned,

1) That was a very small swing high to play a sfp off of.
2) I need to find a better way of filtering sfp trades.

I am a sucker for SFP Pin Bars

A/N is a tough pair, especially for the lower 1hr/4hr TF. Transfer that setup to a major pair and you'd have a much better shot.

Hey Guys

AUDCAD setup. Todays rally stalled at 1.0147 and missed lowest low of resistance zone by 3 pips. I had my sell limit at dashed line. Would you take another short at this resistance (if there will be any opportunity for that) or would you say this rounded retest is done now?

Also, 1.0090 looks pretty good for longs if we may get rounded retest here.

When a chart looks like this, it means there will be divergence. The right time to look for SFPs in my view

Hi do any of you have a gap on the hourly for this?

Which broker feed is that?
I don't have a gap on my feeds. Seems to be a data missing.

axi trader for my demo account.
I am using marketspreads for live. It shows no gap.

Well though CADCHF didn't turn to be what i wanted to see and i cut it off for 2/3R loss, this sfp worked really nice

A couple of eur/usd daily levels that I'm adding to my call alerts

Another area that I don't hate, will watch price around 76

Looking to short Gbp/Usd....

thinking of putting in an order here

maybe this one?

This looks good, i am watching it closely. The only thing i am not very familiar with is if it's still good for wiz's "rules" as some of the buy orders were already consumed at a buttkiss.

Anyone knows his opinion on this question ?

Several touches + 50 Fib

Possible H1 H&S with Daily Bias



The yellow line is 1.9700

Good setup. I like this clean breakout. One thing we're missing here is consolidation right before breakout. I remember Greenhaze's thread on polish forum where he pointed that little congestion before break is really helpfull when we want to trade pullbacks. With this it is easier to find place where we want to hide our SL. Something like yesterdays possible trade on AUDCAD. I never took it since price bounced too early for me and consumed some of supply. Even If someone took short after first rounded retest into this resistance he surely made some money with SL above consolidation I marked. EURCAD may be tricky so caution will be recommended if price breaks and close below resistance where you want to go long.

Here's AUDUSD. Great PPZ with consolidation just before price breaks through. It could be tricky since @ 1.0290 we have also nice level to go long, but on H1 it seems that some orders where triggered with quick pullback. 1.0325 looks cleaner.

Any thoughts on this AUDUSD setup guys?