Sounds great Ghous
Trading research papers 12 replies
Will do statistical research for pips (or food) 8 replies
What research do you do when not trading? 19 replies
what's your daily morning research routine before trading? 15 replies
DislikedThe first thing I'd like to clarify for those still a bit confused is the most important horizontal line for me that is the decisive factor for each and every trade that I take. HHR = Highest High of Resistance. This is simply the highest visited price in a period of resistance. Its the last price that was traded before price turned around. It goes without saying that such price levels are critical when price returns to them as it straight away refreshes good and bad memories and lead to all kinds of actions. {image} LLS = Lowest Low of Support....Ignored
DislikedGhous, Wow, thanks for posting an in-depth look into how you trade these "fake-out" bars. Seems like a similar yet slightly different take on the SFPs. Do you trade them only on D1, or do you look at other TFs as well? - TylerIgnored
DislikedRedid the front page. Took the indicators off. People don't need them and will only ask questions about how to use them. Variety is the spice of life. Every time I see a post of Lamertrader, I confuse the chart with my own. Drives me nuts.Ignored
DislikedBased on my rules a setup does not require 3 touches. I found this during backtesting. I have taken hundreds of rounded retest trades using forextester and the way I play them in regards to SL and TP 3 touches are not required. A valid level for me exists if it has acted as BOTH support and resistance in the past. You can see this very nicely on the UCAD trade. Saying this, you gotta find out how to play any trade setup on your own. You cannot just copy a "system" and expect it to work. Every personality is different and you will trade the exact...Ignored
DislikedHi there, you scan 50 forex pairs for swing failures each night? Or do you look at indices and commodities too? Thank you PaulIgnored
DislikedGhous! Today I spent my all afternoon (16-23h) to read through the whole thread again. It's worth it - so i can recommend it for the other guys to. I feel like 95% of the things are crystal clear however I would have some questions: - As I was reading through one of your amazing chart explanation I noticed that the bard DID close under the LLS. (If you look closely on your chart you see it too.) So i took my MT4 (which is alpari and uses the same closing time as FXpRo, and i look what i noticed. (Apart from the fact that the bars did close below...Ignored
DislikedAnother question (sorry), say for the audusd today. We got a d1 failure of the lowest low. Wouk you take that late on a Friday? PaulIgnored
DislikedGreat Explanation of your fake out bars Ghous. I am going to take some time, to contemplate all that you have so kindly shown us in great depth. Many thanks for your wonderful contribution to the thread. One question though, in the entry chart you posted, you wrote on the chart "Fake out bar closes way above the HHR". Was that a typo and you really mean LLS? {image}Ignored
DislikedGhous, many thanks for your replies. 50+ charts! Can I ask you how do you do the scanning? Do you do this with meta trader or some other application? (My alpari account has 37 pairs to choose from) PaulIgnored
Disliked{quote} Do you also play with exotics? Like USDPLN, EURHUF etc. Or you ignore them due to their huge spreads etc.Ignored