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  • #5,641
  • Jul 10, 2013 2:45am Jul 10, 2013 2:45am
Quoting kerinsp
looking at the exact same levels quidsey
Hi Kerin how's it going mate? nice one
  • #5,642
  • Jul 10, 2013 2:55am Jul 10, 2013 2:55am
Quoting tyler812
Would this be considered a good example of a rounded retest? {image}
Yeah that's much better. Two things though, one it's a cross pair which Tom doesn't trade and two as eurotrash says price has come back very quickly and not given us that nice rounded move.

You can see price made higher lows too coming into the break.
  • #5,643
  • Jul 10, 2013 3:23am Jul 10, 2013 3:23am
Quoting tyler812
Would this be considered a good example of a rounded retest? {image}
Not really, the level is good, but not the retest. A rounded retest takes time to develop. That's where the patience comes in.
Think of a breast rather than a nipple and you will be nearer the mark.
  • #5,644
  • Jul 10, 2013 4:25am Jul 10, 2013 4:25am
Quoting Quidsey
{quote} Hi PB the problem I have is that I've been following Tom for such a long time, first started back on T2W, then here, then his live room, webinars etc, that I forget where I learnt what. If you find any RR chart of his I can guarantee it will have a level (S or R) built up over time with at least 3 swings. In the PDF there is the classic 'Spider' pattern, which you may know as an ascending triangle, that is the definitive RR pattern. Then we look for a decent break which traps traders going in the wrong direction and some time away from the...
Thanks Quidsey, appreciate it.

I have just been hearing different things from fellow Fail Better people.
As you say, in the PDF although he does not say as much, he has numbered the 3 touches on his charts.

I opened a HCR-LCS & SFP research thread as, I have been studying with Jaroo for quite a while when, he mentioned the SFP a couple of months or so back.

The SFP really made the HCR-LCS & SFP & Price Action fit wonderfully into the puzzle for me and I am eternally grateful to Tom, Jaroo and Ghous for helping me fit this into the center of the puzzle. Funny, I was banging my head on the wall for several years now, still watching charts 10 hours a day.
Then all of sudden, the SFP got thrown into the puzzle. At first I couldn't grasp it but, it grasped me and showed me as Ghous mentioned, it is not so much a method as a mentality which changes, EVERYTHING.

Thanks again and please drop in sometime and give us your input. Would be greatly appreciated.

http://www.forexfactory.com/showthread.php?t=435416
  • #5,645
  • Jul 10, 2013 4:38am Jul 10, 2013 4:38am
Wow!, excellent presentation mate always open to learn more about this type of trading, subscribed, all the best
  • #5,646
  • Jul 10, 2013 5:00am Jul 10, 2013 5:00am
Quoting Pinbar
{quote} Quidsey, Any chance you could point me to a post where Tom explains the 3 Deep SPS as necessary criteria for the Rounded Retest entry. I have searched the thread and can not find it, neither is it mentioned in the PDF file of the stratergy. Not that I do not believe you, I just need to find it in a post. Thanks in advance
Three deep swings is not a given. Three touch level is enough for a blind entry without additional confluence.
The more touches the better, the greater the space between the touches and the greater the movement away from the level in-between the better.
Fewer than three touches can still be valid but requires additional confluence, such as D1 ATR reached, divergence, Fib.

Just regurgitating what I have heard. This all originates from Tom via one source or another.
  • #5,647
  • Jul 10, 2013 5:26am Jul 10, 2013 5:26am
Quoting JimN
{quote} Think of a breast rather than a nipple and you will be nearer the mark.
..... thanks Jim now I've got tits all over my charts
  • #5,648
  • Jul 11, 2013 10:20am Jul 11, 2013 10:20am
What do you think about this trade on H1 traders? There was much better trade on D1 but who expect MOVE like this..
Attached Image(s) (click to enlarge)
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  • #5,649
  • Jul 15, 2013 6:26am Jul 15, 2013 6:26am
Been a while away from the Game, and am looking to get back into it.

This is a 5m chart, views please.......

Attached Image (click to enlarge)
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  • #5,650
  • Jul 15, 2013 11:18am Jul 15, 2013 11:18am
S&P 500 E-Mini looks interesting...
Attached Image (click to enlarge)
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skype: ststroud. let's talk trading.
  • #5,651
  • Jul 18, 2013 3:28am Jul 18, 2013 3:28am
Quoting Streetlight
Been a while away from the Game, and am looking to get back into it. This is a 5m chart, views please....... {image}

I fail to see any resemblance to the trading method in this thread to your chart.

Is there any?
  • #5,652
  • Jul 18, 2013 3:47am Jul 18, 2013 3:47am
Quoting Pinbar
{quote} I fail to see any resemblance to the trading method in this thread to your chart. Is there any?

Its everything Tom teaches on the H1 just on a M5 chart......

Entry price was 0.9086 Stop was set at 0.9094( 8pip stop)

Target was 09065.

Took profit at 0.9071 after that price got rejected a few times.

+1.5R
Attached Image (click to enlarge)
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  • #5,653
  • Jul 18, 2013 3:41pm Jul 18, 2013 3:41pm
Possible Daily SFP upcoming in spooz.
  • #5,654
  • Jul 18, 2013 6:27pm Jul 18, 2013 6:27pm
Quoting Pinbar
{quote} I fail to see any resemblance to the trading method in this thread to your chart. Is there any?
This seems pretty harsh and unnecessary, how does it not resemble this strategy? There is a clear level with more than three touches making a very nice rounded retest..
  • #5,655
  • Edited 10:30pm Jul 18, 2013 10:09pm | Edited 10:30pm
Quoting andyhardwick
{quote} This seems pretty harsh and unnecessary, how does it not resemble this strategy? There is a clear level with more than three touches making a very nice rounded retest..

Are questions harsh and unnecessary these days?
In some countries, Yes.

Its an M5 chart for a start and no mention of the RR on the H1 tf nor M5.
As price had not returned to the level, I assumed it was a breakout trade.

Either way, Chill out man.
  • #5,656
  • Jul 18, 2013 10:14pm Jul 18, 2013 10:14pm
RR on USD/JPY, now 1hr SFP forming. Waiting.
Attached Image (click to enlarge)
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  • #5,657
  • Jul 18, 2013 10:28pm Jul 18, 2013 10:28pm
Quoting Streetlight
{quote} Its everything Tom teaches on the H1 just on a M5 chart...... Entry price was 0.9086 Stop was set at 0.9094( 8pip stop) Target was 09065. Took profit at 0.9071 after that price got rejected a few times. +1.5R {image}

Thanks for the clarification SL.

I only asked as I could not find that pair on FXPRO and was not able to see what the strategy was on the higher tf.

Thanks again
  • #5,658
  • Jul 19, 2013 2:17am Jul 19, 2013 2:17am
Quoting kl1968
RR on USD/JPY, now 1hr SFP forming. Waiting. {image}
Did you sell 100.81?

Don't like 99.95 for a buy imo, not a SFP in my book. Look for a SFP at the 98.20 area imo
  • #5,659
  • Jul 19, 2013 4:04am Jul 19, 2013 4:04am
Yes. Sold USD/JPY at 100.81, exit 100.40. There was a massive drop in Nikkei this morning.

Bought USD/JPY 100.04 at market (1 hr SFP) and trying to exit at 100.38. Stop at 99.80.
Attached Image (click to enlarge)
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  • #5,660
  • Jul 19, 2013 10:21am Jul 19, 2013 10:21am
Did anyone record last week's free webinar by any chance? Hit me with a PM if you did. I really want to watch this one. Thanks !
I don't need easy. I just need possible.
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