But looks like a great level for a rounded retest!
Ignored
Not so sure. There is only 1 touch at that level.
Would rather wait for 14419s. That looks like a much stronger leve too me.
Edit:
tenderbob: I guess 14419 is the level you are talking about. Does look good!
Kirvis: That SFP does look good but just didn't work out. The yen pairs have been very strong which is what kept me out. If there was a much stronger reaction I may have traded it.
Quids - sorry for defacing your chart, but another SFP there with V shaped retracement as Tom recommends.
Ignored
No probs Jim, yes we can find SFP's everywhere and in all timeframes, and some SFP's of major swings fail (recent example GBPUSD D1 SFP) and some of the minor swings work but the high probability trades on the H1 I find are at major swing points, so trading one just underneath a major swing wouldn't interest me. I'd be looking for a better set up elsewhere but we all have different tolerances, what works for me might not work for another.
Finding an SFP is only the beginning of course, then you have to wrap your money management around it, stop placement, FTA etc to see if it's worth taking.
Anyone is interested in a EA that trades the SFP you want automatically?
I mean you pick the TP and the EA put the SL automatically and enter the trade if the price forms an SFP. this will only helps if you are not in front of computer of course (sleeping or doing other things).
Anyone is interested in a EA that trades the SFP you want automatically?
I mean you pick the TP and the EA put the SL automatically and enter the trade if the price forms an SFP. this will only helps if you are not in front of computer of course (sleeping or doing other things).
Ignored
Are you looking for someone to write one?
I have one under development (under test).
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