http://i1084.photobucket.com/albums/...s_snapshot.png
(4hr chart just to get them all on, but all hourly SFP's)
SFP yesterday on NZDUSD + pinbar ?
I don't need easy. I just need possible.
- #4,504
- Edited 2:06pm Oct 26, 2012 1:19pm | Edited 2:06pm
- | Joined Sep 2011 | Status: Hybrid | 413 Posts
Sorry to be spamming , but i got one more picture , with 2 possible trades this week on fiber. A RR and a SFP on the hourly 
Are these good setups (and management thinking)?
The PBT and RR seems standard to me.
The SFP made sense as a long as a retest of the break ( S -> R ) of those lows made on Wednesday - Thursday, and i think it was worth a "scalp" into that level
Really appreciate it, thanks !
Are these good setups (and management thinking)?
The PBT and RR seems standard to me.
The SFP made sense as a long as a retest of the break ( S -> R ) of those lows made on Wednesday - Thursday, and i think it was worth a "scalp" into that level
Really appreciate it, thanks !
I don't need easy. I just need possible.
- #4,505
- Oct 26, 2012 2:12pm Oct 26, 2012 2:12pm
I still have a lot to read (page 90 ATM) but do the Daily SFPs have a higher winrate than lower TF ones? Are they more reliable since they contain more data and are analyzed on the end of day basis?
Thanks !
D1 SFP's are used for bias, they give you a direction to look for an entry on a lower time frame, normally the hourly.
You might look for a fib retrace, or a level to short off.
With D1 bias you'd be looking for a much bigger target than a normal H1 SFP.
To be honest I rarely use D1 sfp's so I haven't any stats to say if they are better or not, someone else may help you there.
Both your RR and your SFP are excellent trades. Tom the wizardo took the SFP trade.
I took the sfp previous and got out BE (lucky), then went out and missed the finalé of the week..... oh well, next week should be a hoot.
- #4,506
- Oct 26, 2012 3:54pm Oct 26, 2012 3:54pm
- Joined Mar 2008 | Status: Trader | 1,462 Posts
I think that RR on the EU was a nice trade, especially with the PA that came up. I didn't see it earlier, only afterwards.
I'll leave the SPF comments for someone with more experience in these...
I'll leave the SPF comments for someone with more experience in these...
Sorry to be spamming , but i got one more picture , with 2 possible trades this week on fiber. A RR and a SFP on the hourly
Are these good setups (and management thinking)?
The PBT and RR seems standard to me.
The SFP made sense as a long as a retest of the break ( S -> R ) of those lows made on Wednesday - Thursday, and i think it was worth a "scalp" into that level
Really appreciate it, thanks !
Attachment
- #4,509
- Edited 1:00am Oct 27, 2012 12:49am | Edited 1:00am
- Joined Mar 2008 | Status: Trader | 1,462 Posts
- #4,512
- Edited 10:26am Oct 27, 2012 3:15am | Edited 10:26am
- | Joined Sep 2011 | Status: Hybrid | 413 Posts
Tom,
I was wondering something. I watched some Supply/Demand videos taught by Sam Seiden (if you know who that is) some time ago.
When price breaks through a big support lets say, do we want the break to be violent and quick rather than slow? This would mean high supply on that level (+ sell orders that didn't have the chance to get triggered), and this would give us a higher chance of being supply zone again when we come back to it as a rounded retest.
Here are 2 pictures if it's not clear:
Just a thought... Curious what you think. Thanks!
I was wondering something. I watched some Supply/Demand videos taught by Sam Seiden (if you know who that is) some time ago.
When price breaks through a big support lets say, do we want the break to be violent and quick rather than slow? This would mean high supply on that level (+ sell orders that didn't have the chance to get triggered), and this would give us a higher chance of being supply zone again when we come back to it as a rounded retest.
Here are 2 pictures if it's not clear:
Just a thought... Curious what you think. Thanks!
I don't need easy. I just need possible.
- #4,518
- Oct 27, 2012 4:31pm Oct 27, 2012 4:31pm
- Joined Mar 2008 | Status: Trader | 1,462 Posts
So we're in the big boy section now
- #4,520
- Edited 3:45am Oct 29, 2012 3:23am | Edited 3:45am
- | Joined Sep 2011 | Status: Hybrid | 413 Posts
Tom, about evolving RR ratios:
If i entered a trade and I am in 80 pips profit, and my target is 10 pips away, and i trailed my SL behind some "safe" zone which locks in 50 pips, I am looking at a risk of 80-50=30 pips to win the remaining 10 pips, right? So my evolving RR ratio is 3:1. At this point, I need price to hit the target in 75% of the times just to break even in the long run.
What do you do in this situation? How do you manage the trade when your evolving RR becomes poor and you can't trail your SL anymore ? Do you just close the trade? Do you ignore the "market story" and trail the SL very aggressively to a better evolving RR value?
This is what i mean:
Thanks!
@Fezzy, I have 200 more pages to read, that is what i mean.
If i entered a trade and I am in 80 pips profit, and my target is 10 pips away, and i trailed my SL behind some "safe" zone which locks in 50 pips, I am looking at a risk of 80-50=30 pips to win the remaining 10 pips, right? So my evolving RR ratio is 3:1. At this point, I need price to hit the target in 75% of the times just to break even in the long run.
What do you do in this situation? How do you manage the trade when your evolving RR becomes poor and you can't trail your SL anymore ? Do you just close the trade? Do you ignore the "market story" and trail the SL very aggressively to a better evolving RR value?
This is what i mean:
Thanks!
@Fezzy, I have 200 more pages to read, that is what i mean.
I don't need easy. I just need possible.