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Fail Better

  • #4,741
  • Nov 29, 2012 5:00am Nov 29, 2012 5:00am
Quoting the_wizard
Hi Guys,

Sorry, there was no webinar last night. I stayed late in the office to trade the Crude and under estimated how long it would take me to get back home on TFL!

I got nailed yesterday in that Gold. Violent drop into the pit open - I heard someone liquidated 15,000 contracts right into the open. You are really at the mercy of your broker on a move like that. I was watching the ladder and pretty much every bid just went right out of the market. I was lucky to only get some minor slippage. I know a few guys that got 30+ slippage on that...
I got lucky with minimal slippage But that's the first thing i checked when i saw the move...
  • #4,742
  • Nov 29, 2012 8:02am Nov 29, 2012 8:02am
eur/gbp

sfp

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  • #4,743
  • Nov 29, 2012 8:25am Nov 29, 2012 8:25am
Quoting bullzeye
eur/gbp

sfp

Attachment
Hey Bulls, to be an SFP has to be higher than the previous swing high
  • #4,744
  • Nov 29, 2012 8:31am Nov 29, 2012 8:31am
Quoting Rust
Hey Bulls, to be an SFP has to be higher than the previous swing high
Thanks for clarify Rust! Missed this small detail...
  • #4,745
  • Nov 29, 2012 9:04am Nov 29, 2012 9:04am
AUD/USD in the process of a RR, sorry I can't post chart I'm at work.
Not sure if that is frowned upon, if it is I will wait in the future to post.
  • #4,746
  • Dec 2, 2012 12:58pm Dec 2, 2012 12:58pm
Let's kick this week off. What are you all watching?

My charts below..
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  • #4,747
  • Dec 2, 2012 12:59pm Dec 2, 2012 12:59pm
Couple more
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  • #4,748
  • Dec 2, 2012 4:13pm Dec 2, 2012 4:13pm
Quoting sam0182
Couple more
nice levels...just to add this one
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  • #4,749
  • Dec 2, 2012 7:32pm Dec 2, 2012 7:32pm
Yep, good call Pex. Just checked, my UJ call alert is still in and I'm definitely watching that level too.

Keep an eye on the news this week folks, tons of it.
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  • #4,750
  • Dec 3, 2012 2:17am Dec 3, 2012 2:17am
Quoting Mezzy
I need a small laptop so I can trade from work =/
hey Mezzy
same thing. But i won't use laptop, i'll try with ipad. Ipad is definetely worse than PC for trading, i'll need to prepare at home. Orders for levels retests I will book in the evening, but SFPs i will have to watch and book orders at work. We'll see how it goes.
If I find out, that trading with ipad is too inefficient and uncomfortable, I'll migrate my laptop from another office and use it for trading.
Btw guys, can anyone recommend ipad trading software? I found forex.com and trade interceptor, i like them most of all so far
  • #4,751
  • Dec 3, 2012 8:17am Dec 3, 2012 8:17am
Quoting leximus
hey Mezzy
same thing. But i won't use laptop, i'll try with ipad. Ipad is definetely worse than PC for trading, i'll need to prepare at home. Orders for levels retests I will book in the evening, but SFPs i will have to watch and book orders at work. We'll see how it goes.
If I find out, that trading with ipad is too inefficient and uncomfortable, I'll migrate my laptop from another office and use it for trading.
Btw guys, can anyone recommend ipad trading software? I found forex.com and trade interceptor, i like them most of all so far
I carry a big monitor to hook to my laptop when i go to vacation. What you talk guys i don't find serious. Maybe it's just me, but i don't find it a good idea. At all!
  • #4,752
  • Dec 3, 2012 10:03am Dec 3, 2012 10:03am
Acer makes a nice little 11.6" Laptop for 250$ full functionality.
I compare trading on ipad with trading on the phone, you just don't have all the tools.
Where as a laptop has full function albiet a smaller screen.

Sam - Great charts again mate.
  • #4,753
  • Dec 3, 2012 10:35am Dec 3, 2012 10:35am
Thanks. Hope to get some action this week.
  • #4,754
  • Dec 3, 2012 11:46am Dec 3, 2012 11:46am
Quoting bullzeye
eur/gbp

sfp

Attachment

I'm in need of a little education I think. In regards to bullzeye's post about his SFP setup,
now, I thought, SFP is when price makes a new high but fails to close above the previous high candle wick.

In the case of the chart he posted price did not make a new high but did hit a resistance area and bounce (it looks like an inverse RR to me)

Anyone care to analyze this with me?

@bullzeye please don't take this as me criticizing you mate, I'm just trying to learn. Your setup worked for you and that's really what matters , I'm only trying to understand all the intricacies. Thanks for sharing your setup.
  • #4,755
  • Dec 3, 2012 1:26pm Dec 3, 2012 1:26pm
Hey Tom, whats the deal with Futex Pro Trader? Is it a white label of pro spreads?
  • #4,756
  • Dec 3, 2012 1:55pm Dec 3, 2012 1:55pm
Quoting Mezzy
I thought, SFP is when price makes a new high but fails to close above the previous high candle wick.
 ...
Your setup worked for you and that's really what matters
1) You are correct with your definition. Bullzeye just didn't know what a SFP is exactly.

2) In probability games, you can't let results fool you. A bad setup can be a winner while a good setup can be a loser. Stick to only good setups and longterm you will profit.
I don't need easy. I just need possible.
  • #4,757
  • Dec 3, 2012 11:54pm Dec 3, 2012 11:54pm
I would just like to say thank you for a truly enlightening thread. Its amazing the way you read and study and look at charts and repeat over and over again, and then stumble across something like this and it all starts to join up and make sense.

I would love to attend a seminar but I live in Australia and the time difference makes it impossible. Is there any sign of recording and selling them or anyway at all that I could get hold of copies maybe?

Andy
  • #4,758
  • Dec 4, 2012 4:23am Dec 4, 2012 4:23am
The greatest 5min SFP !
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  • #4,759
  • Dec 4, 2012 8:06am Dec 4, 2012 8:06am
Quoting Rust
The greatest 5min SFP !
Attachment
Where dyou put your stop? At swing high?
  • #4,760
  • Dec 4, 2012 8:30am Dec 4, 2012 8:30am
Quoting Rust
The greatest 5min SFP !
Attachment
That is not a SFP unless your referencing something off to the left we cant see.
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