HCR-LCS + SFP Research thread

Quoting brzvadeg

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Hi,Pinbar!This is sfp educated gap? or how it can be called. Thanks in advance. {image}

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Quoting ghous

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{quote} Oops! Never mind at all. As they say shit happens. Like you said, a fair trade anyhow. My SL is reduced to a half bar one. Watching this very closely from here on. The thread's on its way...I am arranging the material. g.

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Quoting Pinbar

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{quote} Sorry, I missed this post. Yeah, that is an SFP. The gap was not big enough to be a factor though and, the 1.7000 area was a concern, as Ghous previously mentioned. {image}

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Quoting brzvadeg

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{quote} Thanks for the reply. But I spoke about it's gap that formed the SFP, {image}

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Quoting ghous

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{quote} Oops! Never mind at all. As they say shit happens. Like you said, a fair trade anyhow. My SL is reduced to a half bar one. Watching this very closely from here on. The thread's on its way...I am arranging the material. g.

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Quoting Pinbar

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{quote} Oh, I now get what you are saying but, I think you are mistaking the SFP for the Swing point. The Swing High or Swing Low is where we look for price to pierce the area and close above or below the level, the closing above or below of the bar is actually the SFP. That gap high, is the SP for the current SFP but, the gap now has no part in this, at all. It is just another Swing High. {image}

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Quoting ghous

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{quote} I am flat now. That swing point is sticking out like a sore thumb! Price has done nothing so far to make this decision easy for me as it is looking good for a drop but I can't afford a bounce off here. Its been a dodgy month for me and we are into the last trading week, I'd rather prefer to take and sit on the sure pips then play the "hope" game for now. {image} g.

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Quoting brzvadeg

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{quote} Thank you. All understood

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Quoting ghous

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The new thread is now live! http://www.forexfactory.com/showthread.php?t=444115 I have gone as far as explaining the entire system in much detail with tonnes of examples attached. g.

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Quoting cesar8

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What think of this pair? Price collides with well defined support and the new bar makes a small SFP, against TL. Would be good to let it ripen more, before we become? What the teacher says Ghous? {image}

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Quoting Pinbar

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{quote} I am not Ghous but, for me that SP is just too small. Combined with the close below the TL I drew, it is just not viable. {image}

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