Fail Better

Quoting Hummar

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{quote} I would like to tell You why Tom trades on H1 (but also on D1, and M5 in Bunds). Because he is professional trader which mean that he knows the markets in which he is trading like a back of his hand. When I started to trade like this (only 6-7 pairs) my profits started to be much bigger. There is one PA but every market is slightly different (just try to trade the same setup on exotic pairs). When you trade on 30 markets its impossible to know all of them. When I know my market I can take a trade which for average trader is risky, but I...

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Quoting kl1968

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Daily SFP on EUR/GBP. Bet the house, go long and target gap from March? {image}

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Quoting Flamegs23

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{quote} That makes some sense to me. Been reading this thread for about 2 weeks. I just need more practice. The idea that price action lags opened up my eyes. Thanks Tom for all the information. I follow you on twitter. All the best F.

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Quoting Flamegs23

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{quote} Since this didn't close below the the last swing low, what type of SPF is this? Which one is this one called? I know its not a rounded retest.

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Quoting Hummar

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{quote} I had the same feeling. In case of so called SFP on EUR GBP - I cant see it, where is it???? You have to do statistics of every setup you want to play. It opened up my eyes even wider.

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Quoting Pinbar

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{quote} It is there on my chart. Is your feed different or something or are you saying this is not an SFP? The hourly shows it more clearly. {image} {image}

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Quoting Hummar

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{quote} Ok, sorry, this is SFP, 1 pip below. For me its not enough, but I hope it will work.

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Quoting Pinbar

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{quote} Phew, you had me worried there for a second, after reading the entire thread, I thought my understanding of an SFP was wrong.Haaaa I am just demoing them for now, to see how to fine tune the entry or indeed a filter to keep me from taking them all. How many pips do you need price to penetrate an swing point, 2 or 3? Hmm, I looked for Tom's rounded retest thread and could not find it, the poster mentioning this seems to suggest, Tom has some kind of criteria for the way price approaches a Swing Point? This may also be pointing to Divergence...

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Quoting Hummar

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{quote} I would like to see more than 5 pips. It this case its looks promising because there is a decent space, looks nice right now. You can find links to Tom's threads on his website, but there is a lot of stuff about RR in this thread.

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Quoting Pinbar

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{quote} It is there on my chart. Is your feed different or something or are you saying this is not an SFP? The hourly shows it more clearly. {image} {image}

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Quoting Hummar

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{quote} Ok, sorry, this is SFP, 1 pip below. For me its not enough, but I hope it will work.

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Quoting Pinbar

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{quote} Huhhh, what are you saying here? An SFP does not mean that any candle closed below it, it means that price took the low out by 1 pip then closed Above it. Which it clearly did on the daily to create the SFP. If a candle closes below a swing low, it is certainly NOT an SFP. {image}

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Quoting Flamegs23

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{quote} I was wondering what type of SFP is it? I know its not a rounded retest because it didn't close below it and came back for a retest. I read somewhere in the thread there is 3 types of SFP.

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Quoting toti1981

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Hi Pinbar, I see you are not using the same SL like Tom. How do you calculate you SL ? Are you trading Daily SFP ? Toti {quote}

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Quoting Pinbar

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Took two thirds profit and moved to BE. Let's see how BE works. I know Tom does not like moving to BE but as I have already locked in two thirds profit, and there is a chance, it could make it to 0.8500, I want to leave that option open. {image} {image}

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