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  • #4,861
  • Dec 13, 2012 6:42pm Dec 13, 2012 6:42pm
Quoting Quidsey
I think Karl's being a purist and trading the webinar flow chart that Tom showed us.

I think he's right to point these things out, and his charts are spot on because he follows it. I mean it is what this thread is about.

What's your record like at the moment on these set-ups Karl?
Which webinar ar your reffering to?
I don't need easy. I just need possible.
  • #4,862
  • Dec 14, 2012 3:09am Dec 14, 2012 3:09am
Quoting Rust
3 touches, strong break - crude :
Attachment
I think this chart is exactly what Karl is trying to explain
Enjoy

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  • #4,863
  • Dec 14, 2012 3:36am Dec 14, 2012 3:36am
Hey Quidsey,

I still don't have big record on it, and i do a lot of mistakes, so i can't say too much. Now I'm around zero, and I'm more or less happy with that. I found this thread 1 month ago, i dig myself in, bought the special webinars, but i still have a lot of things to learn. Hopefully few months later i will be more succesful.
As i said, I'm still a beginner, so i don't want to be cleverer than some experienced trader. I believe a lot of other "style" can make money. That's just my point of view, wich mostly based on Wizard teach.
Grizly i'm referring to the spec webinar episode 6.
  • #4,864
  • Edited 10:44am Dec 14, 2012 6:00am | Edited 10:44am
USD/CHF

SFP on H4 or i missing something?

Edit: Stopped out

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  • #4,865
  • Dec 14, 2012 6:35am Dec 14, 2012 6:35am
Quoting bullzeye
USD/CHF

SFP on H4 or i missing something?

Attachment
Yes, this is SFP. Probably not the best entry, since you are right at the trouble area.
On H1 makes more sense to me. Something like that:

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  • #4,866
  • Dec 14, 2012 7:36am Dec 14, 2012 7:36am
Quoting Rust
Yes, this is SFP. Probably not the best entry, since you are right at the trouble area.
On H1 makes more sense to me. Something like that:

Attachment
From the Daily also we can see that we are right back at the S/R zone that this pair seemed to linger around in the past. The upside is the CHF not wanting too my appreciation on the rate. The daily looks like it will paint a nice Pin Bar SFP, but being Friday its one that I will waiting until Monday and see if on the hourly we get the break up and the retest the swing for a long. A Gap up Monday would also be nice
  • #4,867
  • Dec 14, 2012 8:29am Dec 14, 2012 8:29am
Quoting KarlfromHU
Hey Quidsey,

I still don't have big record on it, and i do a lot of mistakes, so i can't say too much. Now I'm around zero, and I'm more or less happy with that. I found this thread 1 month ago, i dig myself in, bought the special webinars, but i still have a lot of things to learn. Hopefully few months later i will be more succesful.
As i said, I'm still a beginner, so i don't want to be cleverer than some experienced trader. I believe a lot of other "style" can make money. That's just my point of view, wich mostly based on Wizard teach....
Appreciate your modesty, but I'm sure trades and trade ideas are posted here mainly for sharing and comment, not for some ego contest.

Please feel free to offer your point of view, we are all students.
  • #4,868
  • Dec 14, 2012 1:45pm Dec 14, 2012 1:45pm
Quoting KarlfromHU
.
Hey Karl. Did you take this today? I had the 8266 level on the Daily (last 2 matching Highs).

I think it's worth noting that we had a Close Above on the Daily a few days ago, which would confirm the Resistance being broken and probably turning into support (bullish pair now).

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We also had a RR on the H1

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I don't need easy. I just need possible.
  • #4,869
  • Dec 16, 2012 3:30pm Dec 16, 2012 3:30pm
Gaps out there on the yen pairs. I'd advise caution as there is legitimate reasoning behind them (Japanese elections), if you take them perhaps do so with smaller size.

I'm short EJ and will continue to add until we show a clean break above annual highs in the 111.50 range.

I have no new setups for this week, watching some of the charts from last.
  • #4,870
  • Dec 16, 2012 3:43pm Dec 16, 2012 3:43pm
Quoting sam0182
Gaps out there on the yen pairs. I'd advise caution as there is legitimate reasoning behind them (Japanese elections), if you take them perhaps do so with smaller size.

I'm short EJ and will continue to add until we show a clean break above annual highs in the 111.50 range.

I have no new setups for this week, watching some of the charts from last.
some new for retest...
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  • #4,871
  • Dec 18, 2012 3:45am Dec 18, 2012 3:45am
SFP + GAP :
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  • #4,872
  • Dec 18, 2012 4:45am Dec 18, 2012 4:45am
eurnzd short on deck
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  • #4,873
  • Dec 18, 2012 6:01am Dec 18, 2012 6:01am
Quoting DaGrizlyBull
Hey Karl. Did you take this today? I had the 8266 level on the Daily (last 2 matching Highs).

I think it's worth noting that we had a Close Above on the Daily a few days ago, which would confirm the Resistance being broken and probably turning into support (bullish pair now).

Attachment

We also had a RR on the H1

Attachment
Hey Grizly!

Sorry for the late answer...So, i was watching this pair, but i went out for few days and i didn't have internet connection when the price retested. Shame, it worked well. Nice catch!
  • #4,874
  • Dec 18, 2012 7:26am Dec 18, 2012 7:26am
Quoting sam0182
eurnzd short on deck
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  • #4,875
  • Dec 18, 2012 7:51am Dec 18, 2012 7:51am
Quoting sam0182
Well done Sam

Nice confluence with 50 Fib as well
  • #4,876
  • Dec 18, 2012 8:14am Dec 18, 2012 8:14am
I know the bar closing time is far away...There is some div on the MACD.
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  • #4,877
  • Edited 12:04pm Dec 18, 2012 10:39am | Edited 12:04pm
My watchlist. Any comment and building critique greatly invited.
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  • #4,878
  • Dec 18, 2012 11:26am Dec 18, 2012 11:26am
Nice charts Karl.
  • #4,879
  • Dec 18, 2012 2:21pm Dec 18, 2012 2:21pm
Quoting KarlfromHU
I know the bar closing time is far away...There is some div on the MACD.
Hey. I would expect price to hit this area before shooting down..it seems like a major PPZ and it was Support a couple of times last (+ a Supply Zone Drop Base Drop, but irrelevant for this thread).

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Regarding your SFP question, i don't think this is a good place for an SFP in my opinion.
It should be a clear place for other traders to either a) place their stops or b) go long on a breakout . It isn't such a clear big swing or a consolidation so that other traders do those 2 things.

Other guys, feel free to comment on this, I am curios.
I don't need easy. I just need possible.
  • #4,880
  • Dec 18, 2012 2:50pm Dec 18, 2012 2:50pm
Quoting DaGrizlyBull
Hey. I would expect price to hit this area before shooting down..it seems like a major PPZ and it was Support a couple of times last.
Attachment

Regarding your SFP question, i don't think this is a good place for an SFP in my opinion.
It should be a clear place for other traders to either a) place their stops or b) go long on a breakout . It isn't such a clear big swing or a consolidation so that other traders do those 2 things.

Other guys, feel free to comment on this, I am curios.
Hey Grizly, thanks for your comment. I'm intrested in a rounded retest at that level (1.9369) too. I posted that opportunity some days before. I'm not sure where is the best place for my stop. I've put it to 1.9423, where is yours?

About the SFP: Now i'm totally agree with you. I thought there could be a new resistance because there was a swing low at 6 nov. But yes, that's not the place where other traders put their stops, or go long. It was just a fast, false, and wrong idea.
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