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Fail Better

  • #4,541
  • Oct 31, 2012 1:09pm Oct 31, 2012 1:09pm
Hi would you all see this as a proper head and shoulders? Today looks like a BEOB.
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  • #4,542
  • Oct 31, 2012 2:04pm Oct 31, 2012 2:04pm
Quoting the_wizard
Hi Guys,

Thought you might find this interesting.

One of my room members beat 800 traders to win $5,000 in the Dukascopy September Trading Competition.

Dukascopy interviewed him and you will see he mentions the D1 bias, the SFP and the level retest. You will always see he mentions the news (remember this is not just about price action - news moves markets):

http://www.youtube.com/watch?v=kziCl...3&feature=plcp

-Tom
That's awesome. Thanks for posting the video Tom. I wonder how he is taking 1 to 2 trades per day off of the daily chart though.
  • #4,543
  • Oct 31, 2012 10:34pm Oct 31, 2012 10:34pm
Possible H&S or RR with trend line conformation.

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  • #4,544
  • Nov 1, 2012 12:14am Nov 1, 2012 12:14am
Quoting bullzeye
just joined in to say : "Wonderful strategy and thread Tom .

I am demoing this stuff already for a few days on H1 timeframes, looks very promising

Still have a lot to read...
Hey bullzeye, looking for some direction...what should I be reading?
  • #4,545
  • Nov 1, 2012 3:23am Nov 1, 2012 3:23am
New peeps to the thread/strategy can get up to speed by following the link below then find "The wizard FF thread" PDF and download.

http://www.forexfactory.com/showthre...72#post5625972

Some terminology:

RR= rounded retest
SFP= swing failure pattern
FTA= first trouble area
ATR= average true range (indicator)
FTB= first time back

All the best.
  • #4,546
  • Nov 1, 2012 6:05am Nov 1, 2012 6:05am
Quoting kerinsp
caught the ftse today.
Nailed !!!!
  • #4,547
  • Nov 1, 2012 6:06am Nov 1, 2012 6:06am
Quoting kerinsp
Hi would you all see this as a proper head and shoulders? Today looks like a BEOB.
Great eye kerinsp! This looks as amazing setup. It's an SFP as well on the higher timeframes and a pin/BEOB.
  • #4,548
  • Nov 1, 2012 6:07am Nov 1, 2012 6:07am
Quoting Quidsey
New peeps to the thread/strategy can get up to speed by following the link below then find "The wizard FF thread" PDF and download.

http://www.forexfactory.com/showthre...72#post5625972

Some terminology:

RR= rounded retest
SFP= swing failure pattern
FTA= first trouble area
ATR= average true range (indicator)
FTB= first time back

All the best.
Thanks just read that instead of working but a nice read.
  • #4,549
  • Nov 1, 2012 10:47am Nov 1, 2012 10:47am
Quoting bullishbias
Possible H&S or RR with trend line conformation.

Attachment
Pinbar + SFP, H&S, ascending TL broken very nicely. This looks great. PA traders are in heaven right now. But once their BE stops get hit, it's the level traders who will rule this market. lol
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  • #4,550
  • Nov 1, 2012 11:23am Nov 1, 2012 11:23am
Quoting bullishbias
Attachment

I was not in front of the screens and missed it.

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  • #4,551
  • Nov 1, 2012 11:50am Nov 1, 2012 11:50am
Quoting Rust
Great eye kerinsp! This looks as amazing setup. It's an SFP as well on the higher timeframes and a pin/BEOB.
this one failed on me though!
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  • #4,552
  • Nov 1, 2012 11:51am Nov 1, 2012 11:51am
in this
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  • #4,553
  • Nov 1, 2012 12:08pm Nov 1, 2012 12:08pm
Quoting Audioslave
Pinbar + SFP, H&S, ascending TL broken very nicely. This looks great. PA traders are in heaven right now. But once their BE stops get hit, it's the level traders who will rule this market. lol
Man honestly, how long have you been trading?
"Member Since Jul 2012 26 Posts"

I won't believe you are new to this at all!!

I like you more with every single post you do!
  • #4,554
  • Nov 2, 2012 1:22am Nov 2, 2012 1:22am
Quoting the_wizard
Hi Guys,

Thought you might find this interesting.

One of my room members beat 800 traders to win $5,000 in the Dukascopy September Trading Competition.

Dukascopy interviewed him and you will see he mentions the D1 bias, the SFP and the level retest. You will always see he mentions the news (remember this is not just about price action - news moves markets):

http://www.youtube.com/watch?v=kziCl...3&feature=plcp

-Tom
He has a blog that he posts his trades on. You can see it here. http://www.dukascopy.com/traderconte...ader=KhalDrogo

I found this trade that he took today interesting,

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  • #4,555
  • Nov 2, 2012 3:50am Nov 2, 2012 3:50am
Quoting Rust
Man honestly, how long have you been trading?
"Member Since Jul 2012 26 Posts"

I won't believe you are new to this at all!!

I like you more with every single post you do!
Hey Rust

I'm just reading this thread

And I'm in trading since december last year, but i was lucky to bump into several good threads like J16 or Fail Better. I'm happy i didn't waste too much time on deckin my charts with dozens of indicators This great stuff here which Tom shared with us just feels right.

Cheers
  • #4,556
  • Nov 2, 2012 7:02am Nov 2, 2012 7:02am
Quoting Audioslave
Hey Rust

I'm just reading this thread

And I'm in trading since december last year, but i was lucky to bump into several good threads like J16 or Fail Better. I'm happy i didn't waste too much time on deckin my charts with dozens of indicators This great stuff here which Tom shared with us just feels right.

Cheers
Hehe. You must be my twin. Started same time and took same steps.

GL
I don't need easy. I just need possible.
  • #4,557
  • Nov 3, 2012 5:30am Nov 3, 2012 5:30am
Hi all. Just having a peek for next week.
I hope some of these pan out the right way.
Paul
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  • #4,558
  • Nov 3, 2012 5:38am Nov 3, 2012 5:38am
By the way, can anyone tell me are D1 biases from NFP days less reliable?
  • #4,559
  • Nov 3, 2012 7:56am Nov 3, 2012 7:56am
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I don't need easy. I just need possible.
  • #4,560
  • Nov 4, 2012 7:23am Nov 4, 2012 7:23am
Eur/Usd

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Gbp/Nzd Check out the SFP at the bottom of the range

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