HCR-LCS + SFP Research thread

Quoting Helius

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Yes, will be interesting. Plus 1.5015 area might be an interesting place to look for a short trade with a rounded-retest-scenario. I will be posting my Sunday's analysis on a few interesting setups for the upcoming week if you guys don't mind.

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Quoting Pinbar

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I like the look of EU at 1.27953 Weekly signature with the close above the WLCS and the SFP level. {image} {image}

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Quoting ghous

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Here is a trade from Friday: 7500 RN + Proven PPZ + weekly LCS Nice clean easy shot to the FTA just above 7400. g. {image}

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Quoting Pinbar

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EG also is on my watch list. {image} {image}

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Quoting ghous

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{quote} We actually had a fake out already on Eur/Gbp. This was off the former recent highs and the 8600 RN. Why do you think this didn't work? Or apparently didn't drop like a stone? g. {image}

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Quoting Pinbar

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{quote} I like it, has an SFP also. Yeah, an SFP is the candle closing below the SP, I keep calling the level an SFP. This is the sort of thing I am concentrating on, the SFP combined with the HCR or LCS. {image} {image}

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Quoting Pinbar

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{quote} Not enough people on the wrong side of the fence as, it did not take out the SH?

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Quoting ghous

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{quote} Exactly! Gives price all the reason to fill in that wick. g. {image}

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Quoting Pinbar

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I am really starting to see what you meant about, "It is more of a mindset than a system". Many thanks for keeping me on track Ghous. I can't tell you how many times over this last two years, I thought I could never understand that concept. Really, some days, I would just sit watching charts for 10 hours a day saying to myself, I just don't get it, why do I continue. Then Jarroo hit me with the SFP. I know you and others had also told me the very same things, they just did not register. The point is to keep going till they start to make...

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Quoting ghous

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{quote} Yes the infamous "illusion of randomness" g.

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Quoting Pinbar

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{quote} The random walk. I remember you telling me a long time ago, to watch those SH bar highs or SL lows that are just hanging in space and that every bar high and low is there for a reason.

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Quoting Pinbar

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Was that a Pun Ghous? What he was walking about? I like it. Yeah, Helius has got his head screwed on the right way around. Hopefully, he can teach me & others, a great deal. By the way, what is the smallest TF you will take the SFP on? I mean, I took that GU long the other day off the M30 candle but, I have not heard Tom saying anything about less than H1. Somehow, I have the feeling you are not confining yourself only to H1?

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Quoting ghous

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{quote} I have traded on the 1H and the 4H time frames but I almost always find myself back on the dailies. I don't think any other time frame comes anywhere close to the reliability that the daily provides you with for SFPs specifically (just my opinion and personal experience of course). I now trade almost exclusively on the daily and occasionally the weekly. I know Tom comes from a different school of thought where he focuses mostly on the hourly, but that's where my method is a little different. Note also that I don't use the 20 period ATR for...

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Quoting Pinbar

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{quote} Oh, I see. For some reason, I had it in my head, you were trading M5. Maybe that was SupremeChaos? Wonder what happened to him, he was a great guy also in the thread. So, you just use the close above or below to take you out of a trade? I shall look into this possibility also. Just watch how they work out and compare them to the hourly SFP signals.

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