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  • #5,421
  • May 13, 2013 1:50am May 13, 2013 1:50am
Quoting Pinbar
Quidsey May I ask the reason you are not using these two Sps on the AUD/USD DAily chart? Perhaps you were just showing the former SFP but, I get the impression that, you are looking at these areas for a RR? {image}
Hi, yes price may well retest those lows you're right, in which case I'll probably miss it. I don't like getting squeezed so I'd prefer to miss a trade rather than get short at a lower price.

Everyone has there own way of looking at and drawing these levels, stuff I post here is really just a 'heads up' to potential set-ups, please don't take these charts as anything definitive on trading this way.

When I was in Tom's trading room even though everybody was following the same methods and techniques there was still an enormous amount of personal discretion between the traders.

For me this thread is about sharing good solid basic strategies that work and then people take it from here and make it their own.
  • #5,422
  • May 13, 2013 2:15am May 13, 2013 2:15am
Quoting Quidsey
{quote} Hi, yes price may well retest those lows you're right, in which case I'll probably miss it. I don't like getting squeezed so I'd prefer to miss a trade rather than get short at a lower price. Everyone has there own way of looking at and drawing these levels, stuff I post here is really just a 'heads up' to potential set-ups, please don't take these charts as anything definitive on trading this way. When I was in Tom's trading room even though everybody was following the same methods and techniques there was still an enormous amount of personal...

Yeah, I understand, what works for one is the discretionary part of trading.

Thanks again.
  • #5,423
  • May 13, 2013 2:19am May 13, 2013 2:19am
I don't think this is a text book SFP into gap fill but you get the idea. I think text book is the first H1 candle SFP but don't quote me, anyway nice way to start the week.

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  • #5,424
  • May 13, 2013 2:32am May 13, 2013 2:32am
Quoting Pinbar
{quote} Yeah, I understand, what works for one is the discretionary part of trading. Thanks again.
... we're back to our trading journal again really, it has all the answers. If it's all noted down then we can go back over it and get stats that help us make these decisions.
  • #5,425
  • May 13, 2013 3:29am May 13, 2013 3:29am
Quoting Quidsey
{quote} ... we're back to our trading journal again really, it has all the answers. If it's all noted down then we can go back over it and get stats that help us make these decisions.

Totally agree.
I am in the midst of using trade simulator to demo a decade or so of GU.
Taking notes of trades that both those that worked out the ones that didn't.

Yeah, that gap was the icing on the cake.
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  • #5,426
  • May 14, 2013 8:21am May 14, 2013 8:21am
Took this USDCAD trade. Little sloppy level but a good level. Very Strong move up through the level, then entered on the retrace back to 1.00907 area.

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,427
  • May 14, 2013 8:27am May 14, 2013 8:27am
NZDUSD

Heres another trade. I took this retrace entry on the D1 but the level was great on the H4 and H1 too

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,428
  • May 14, 2013 8:48am May 14, 2013 8:48am
GBPUSD

Was watching this one too, but missed it. Would have been nice!

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,429
  • May 15, 2013 2:33pm May 15, 2013 2:33pm
SFP on cable?
  • #5,430
  • May 15, 2013 3:20pm May 15, 2013 3:20pm
Quoting NTM
SFP on cable?
Yes there is an H1 SFP and possibly a D1 SFP too, we'll have to wait and see.

$ very strong this week thus far.
  • #5,431
  • May 15, 2013 4:18pm May 15, 2013 4:18pm
Quoting Quidsey
{quote} Yes there is an H1 SFP and possibly a D1 SFP too, we'll have to wait and see. $ very strong this week thus far.
Quidsey, I do see the D1 SFP, but I don't see the H1.

The dollar is strong right now isn't it? How would you play this? Short term I assume.
  • #5,432
  • May 16, 2013 1:09am May 16, 2013 1:09am
Nice Rounded Retest after a good rally.
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  • #5,433
  • May 16, 2013 2:11am May 16, 2013 2:11am
Quoting Flamegs23
{quote} Quidsey, I do see the D1 SFP, but I don't see the H1. The dollar is strong right now isn't it? How would you play this? Short term I assume.
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Honestly, it looks a bit of a mess I'm not going to get involved.

1.5200 has stopped the train for the moment but on the long side I don't see any price structure clear enough to take a position, (maybe 5236ish) but if it's not leaping out at me then I look elsewhere for easier meat.
  • #5,434
  • Edited 2:50am May 16, 2013 2:17am | Edited 2:50am
Quoting Pinbar
Nice Rounded Retest after a good rally. {image}

Not looking for too much on this one, the close of the Daily bar that broke through the SP is the tp, where I just took profit off the table and am at BE+

Don't want to fade that Daily bearish PB too much, albeit not a very strong looking one.

I liked the H4 IB breaking to the upside at this area as an extra confirmation.
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  • #5,435
  • May 16, 2013 5:19am May 16, 2013 5:19am
Just chucking some ideas out there that may or may not happen

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  • #5,436
  • May 16, 2013 6:46am May 16, 2013 6:46am
Closed it out at the RN figuring the H4 SP HCR was going to push price down.
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  • #5,437
  • May 16, 2013 7:48am May 16, 2013 7:48am
Quoting Pinbar
Closed it out at the RN figuring the H4 SP HCR was going to push price down. {image}
Awesome Pinbar!! I watched this all playout but im using it as a place to hide my SL behind. Awesome!

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Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #5,438
  • May 16, 2013 10:48am May 16, 2013 10:48am
Good stuff.
  • #5,439
  • May 16, 2013 11:04am May 16, 2013 11:04am
SFP on EUR/CHF 1 hour. Is this any good?
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  • #5,440
  • May 16, 2013 4:28pm May 16, 2013 4:28pm
Quoting rolo1128
{quote} Awesome Pinbar!! I watched this all playout but im using it as a place to hide my SL behind. Awesome! {image} Rolo

Yeah, you got in earlier than me and thus were able to do that.

Good job.
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