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Attachments: HCR-LCS + SFP Research thread
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HCR-LCS + SFP Research thread

  • #141
  • Jul 8, 2013 10:23am Jul 8, 2013 10:23am
Quoting Pinbar
Hey Ghous Is the W-LCS on GU showing me an M15 Fakey? {image} {image}
I don't see any fake out

g.
I believe . . .
  • #142
  • Jul 8, 2013 11:04am Jul 8, 2013 11:04am
Quoting Pinbar
{quote} Sorry, had guests and was away from the PC. It depends, Jaroo would look for a signature on a smaller TF on the way back to that level. Edit: I know Jim, will look for an H4 or H1 signature on the pullback to a level. Myself, I will look for an M30 or even M15 signature if there is no H4 or H1 signature. Looking at that chart I posted with the what I caled a fake out, we can see that on the pullback to the level, there was no H4 or even H1 signature saying that this area had flipped to support. It just rocked through the area so, I doubt...
Yes I see. Good stuff.

g.
I believe . . .
  • #143
  • Jul 8, 2013 11:17am Jul 8, 2013 11:17am
Price attacking a level aggressively doesn't necessarily mean it is going to break through. In fact mostly it means quite the opposite.

g.
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I believe . . .
  • #144
  • Jul 8, 2013 6:16pm Jul 8, 2013 6:16pm
SFPs at important support/resistance such as LCS and HCR seem quite reliable. I've been studying and looking at many charts. Even when price approaches weekly LCS/HCR SFPs may occur on H1, H4 and daily.
  • #145
  • Jul 8, 2013 6:39pm Jul 8, 2013 6:39pm
Weekly with LCS
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H1 chart with what I believe is a SFP/BUOEB. Please correct me if I am wrong. Thanks.
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  • #146
  • Jul 8, 2013 8:10pm Jul 8, 2013 8:10pm
After reviewing the thread I can see my view on SFP was wrong so disregard my previous posts.
  • #147
  • Edited 10:34pm Jul 8, 2013 9:41pm | Edited 10:34pm
Quoting ghous
{quote} I don't see any fake out g.
Maybe, I am confusing what SupremeChaos was doing.

Here we have an M15 PB that closed right on the weekly gap, it broke by 1.4 pips then its back broke.

Obviously I am confusing your fake out method with the IBP or something along those lines.
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  • #148
  • Jul 8, 2013 10:40pm Jul 8, 2013 10:40pm
Still waiting for a lot of these pairs I setup to trigger.
Which is ok and some of them may not trigger for a while.
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  • #149
  • Jul 8, 2013 10:56pm Jul 8, 2013 10:56pm
Quoting Winston Reed
After reviewing the thread I can see my view on SFP was wrong so disregard my previous posts.

You can always delete the post if you want to but, I think you were in the same ball park.

Take a look at the monthly chart and the H1 chart.


Just not much space to the FTA because of those weekly LCS levels nearby.
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  • #150
  • Jul 9, 2013 2:52am Jul 9, 2013 2:52am
Quoting Pinbar
{quote} Maybe, I am confusing what SupremeChaos was doing. Here we have an M15 PB that closed right on the weekly gap, it broke by 1.4 pips then its back broke. Obviously I am confusing your fake out method with the IBP or something along those lines. {image} {image}
Yes, we are certainly not on the same page. The way I see what you're doing here is you are pointing out your LCS and HCR levels and on a lower time frame considering bars that make a move beyond these levels only to close back within them as fake out or SFP trades. If this is so, then its entirely different to how I trade and look for fake outs.

As previously mentioned, I am looking at extreme highs and lows of swing points only and considering fake outs off them if bars venture beyond them and get a sharp rejection. I also don't switch time frames. That's really it.

When I started off, HCR/LCS levels were a critical and crucial component of every setup. Over time I just simplified things and learned that the trades were doing well without the additional filters. So there you have it.


g.
I believe . . .
  • #151
  • Jul 9, 2013 4:03am Jul 9, 2013 4:03am
Quoting ghous
{quote} Yes, we are certainly not on the same page. The way I see what you're doing here is you are pointing out your LCS and HCR levels and on a lower time frame considering bars that make a move beyond these levels only to close back within them as fake out or SFP trades. If this is so, then its entirely different to how I trade and look for fake outs. As previously mentioned, I am looking at extreme highs and lows of swing points only and considering fake outs off them if bars venture beyond them and get a sharp rejection. I also don't switch...
Not really, I was looking at the Bearish M15 PB that closed above the level and thinking it was going to be a failed PB, which it was as its back broke and we got a push up.

So, if I get this right, you are trading off the daily tf, using the HHR & LLS in a fashion similar to an sfp and, entering on the failure of the Daily candle to close above or below the HHR or LLS?

Would your target for a Bearish setup be the previous bar close?

Thanks Ghous
  • #152
  • Jul 9, 2013 4:16am Jul 9, 2013 4:16am
Quoting ghous
{quote} Yes, we are certainly not on the same page. The way I see what you're doing here is you are pointing out your LCS and HCR levels and on a lower time frame considering bars that make a move beyond these levels only to close back within them as fake out or SFP trades. If this is so, then its entirely different to how I trade and look for fake outs. As previously mentioned, I am looking at extreme highs and lows of swing points only and considering fake outs off them if bars venture beyond them and get a sharp rejection. I also don't switch...
Not really, I was looking at the Bearish M15 PB that closed above the level and thinking it was going to be a failed PB, which it was as its back broke and we got a push up. I think, I confused matters with that PB by calling it a "Fake Out" what I really meant was, the pb was going to fail.


So, if I get this right, you are trading off the daily tf, using the HHR & LLS in a fashion similar to an sfp and, entering on the failure of the Daily candle to close above or below the HHR or LLS?

Would your target for a Bearish setup be the previous bar close?

Thanks Ghous
  • #153
  • Jul 9, 2013 4:18am Jul 9, 2013 4:18am
Would this be a setup with the way you trade?

I know the FTA is too close, just an example.
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  • #154
  • Jul 9, 2013 8:53am Jul 9, 2013 8:53am
There was this question "How long is a level valid?" Here two great current examples!

That GBP/USD bounced 100% as expected. You can play these "blind touches" with such a ridiculous tight stop that your risk-reward-ratio will always work out over time!!



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Price is what you pay. Value is what you get.
  • #155
  • Jul 9, 2013 9:18am Jul 9, 2013 9:18am
Quoting Helius
There was this question "How long is a level valid?" Here two great current examples! That GBP/USD bounced 100% as expected. You can play these "blind touches" with such a ridiculous tight stop that your risk-reward-ratio will always work out over time!! {image}{image}
Indeed, Market memory is a funny thing
Yeah, I have been watching GU and waiting for it to actually break the 1.48303 level by a pip.

No go yet but, I feel it will.
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  • #156
  • Jul 9, 2013 10:11am Jul 9, 2013 10:11am
Quoting Pinbar
{quote} Not really, I was looking at the Bearish M15 PB that closed above the level and thinking it was going to be a failed PB, which it was as its back broke and we got a push up. I think, I confused matters with that PB by calling it a "Fake Out" what I really meant was, the pb was going to fail. So, if I get this right, you are trading off the daily tf, using the HHR & LLS in a fashion similar to an sfp and, entering on the failure of the Daily candle to close above or below the HHR or LLS? Would your target for a Bearish setup be the previous...
Hey Steve,

Yes that's pretty much it. And the FTA is normally how you see Mike spot them, previous bar close may be the case depending on the situation, but its not something I am looking at every time.

g.
I believe . . .
  • #157
  • Jul 9, 2013 10:13am Jul 9, 2013 10:13am
Quoting Pinbar
Would this be a setup with the way you trade? I know the FTA is too close, just an example. {image}
yes. That came across my radar yesterday. The FTA was too close to pull the trigger, but generally that's the kind of stuff I am on the look out for.

g.
I believe . . .
  • #158
  • Jul 9, 2013 10:17am Jul 9, 2013 10:17am
I am in Gu.
Damn slippage cost me 6 pips though.
Anyone else realized MT4 now allows us to click the SL line and drag to the desired level?

This level on GU also appears to be a weekly PPZ.
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  • #159
  • Jul 9, 2013 10:17am Jul 9, 2013 10:17am
Quoting Helius
There was this question "How long is a level valid?" Here two great current examples! That GBP/USD bounced 100% as expected. You can play these "blind touches" with such a ridiculous tight stop that your risk-reward-ratio will always work out over time!! {image}{image}
Great stuff Helius! Those PPZs are money in the bank at so many levels

You're either nervously shotgunning trades and hoping for them to work out, or you are sorted enough to wait for these golden locations on your chart.

g.
I believe . . .
  • #160
  • Jul 9, 2013 10:23am Jul 9, 2013 10:23am
Quoting ghous
{quote} yes. That came across my radar yesterday. The FTA was too close to pull the trigger, but generally that's the kind of stuff I am on the look out for. g.

Ok, now I really know what you are doing.

Will look into the possibilities.
Actually, perhaps this GU entry will show me the Daily Close above and the entry you may take.
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