The Eyes Believe What They See And The Ears Believe What Others Say.
- #5,444
- May 21, 2013 6:01am May 21, 2013 6:01am
{quote} Awesome Pinbar!! I watched this all playout but im using it as a place to hide my SL behind. Awesome! {image} Rolo
It is tough to watch it come back to your SL and almost take it.
Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
- #5,445
- May 21, 2013 6:25am May 21, 2013 6:25am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
{quote} USDCAD gave me another place to put my SL behind. Perfect. It is tough to watch it come back to your SL and almost take it. {image} Rolo
I think that is why Ted takes full profit.
- #5,446
- May 22, 2013 7:43am May 22, 2013 7:43am
GBPJPY Spider effect... {image} Rolo
Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
- #5,448
- May 24, 2013 8:31am May 24, 2013 8:31am
{quote} Not exactly the spider effect anymore but whats for sure is that its in a range and a good chart to keep an eye on. {image} Rolo
Rolo
The Eyes Believe What They See And The Ears Believe What Others Say.
- #5,450
- May 24, 2013 8:59am May 24, 2013 8:59am
{quote} I took this one. {image}
very nice trade indeed ... i played the same one very similarly.
May I ask where I can find this indicator you have in the top left corner of your chart showing you the ATR, the pip value, etc.? I'd be quite interested
- #5,457
- May 25, 2013 7:33am May 25, 2013 7:33am
I got a question for the experts out there and Quidsey, you had commented on this earlier. If you the see the chart I posted, price broke through 1.46419 hard. Came back, gave me a pin bar on the H1, 50% retracement and the 365ema was also in play. But how would this be treated? I don't believe its an SPF, but what about a rounded retest? Man I am thoroughly confused. At first it was like ok I had marked this level before as an SPF so it somehow made sense, now it doesn't. The more I look at it the more confused I get. EDIT: The "rounded retest"...
why are you mixing them together? there are loads of charts in this thread showing SFP's (Swing Failure Pattern) and RR's but your chart is the first of it's kind.But how would this be treated? I don't believe its an SPF, but what about a rounded retest?
Really? why are you guessing? the two set-ups have very clear and simple criteria. They work or they don't and the edge is in the probability that more often than not they do work. If you change the criteria then you're trading on the fly.
After that it's down to us to not fuck it up when the moment presents itself which is why even this profitable method could empty your account if traded badly.
I'd suggest going back in the thread and look at the charts as a reminder of what to look for and importantly reacquaint yourself with the reasons for trading at these particular levels and what is happening to cause these reactions. You can't really trade something you don't understand.
Please don't stay confused, ask questions, lets get it sorted.