Mastering the Art of Trading

Quoting aserbfx

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nice thread, love to read about new methods!

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Quoting ghous

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{quote} The best of the lot me thinks. I particularly like that upper wick which provides for a nice launch pad for a move higher. Also a safety cushion in the sense that if price tries to hang about and not look to fill in the wick then we know we have to watch out. I don't have this pair on either of my live accounts so I'll have to be watching it from the side lines. Its sitting at its FTA at the moment, and if the wick to the upside is to play its part, price needs to push through and fill it in g. {image}

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Quoting LamerTrader

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I would go with the EG. You guys? I think we got the most confluence there (brn, ema, nice low)and we got decent space. Still thinking about the etnry though. (If i enter on pullback, or on break). You guys?

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Quoting ghous

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{quote} I'd like to see a retest of 9400 (and a rejection) but that is still just me. g.

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Quoting Tauru$

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{quote} Hmm.., I'm sorry but I didn't suggest that you missed the set-up. I merely stated that, to me, that was a fakeout there occurring at UCHF. Here's the chart below with my thoughts on it. {image}

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Quoting Pinbar

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{quote} Does Ghous'es explanation of an entry say to enter short after a close above these levels? This is not what he explains in the these levels and I think any discussion of this being a fake out is only going to confuse new people to this thread. I hear what you are saying about the fact that, price quickly filled in the bar to the downside but, this is not the basics of what we are discussing. For an FOB to be considered an FOB it must close above for a long entry and below for a short entry. {image}

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Quoting Dr_Zulu

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{quote} Guess it's 8400?

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Quoting Pinbar

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{quote} Does Ghous'es explanation of an entry say to enter short after a close above these levels? This is not what he explains in these levels and, I think any discussion of this being a fake out is only going to confuse new people to this thread. I hear what you are saying about the fact that, price quickly filled in the bar to the downside but, this is not the basics of what we are discussing. For an FOB to be considered an FOB it must close above for a long entry and below for a short entry. {image}

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Quoting courtneywild

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Just like to say this is a great thread. Clear explanations and very informative. Also no arguments or pedantic intruders disrupting it. Well managed. Thanks Ghous for the thread and knowledge transfer and also Pinbar for further valuable insights. Bravo guys

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Quoting Dr_Zulu

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{quote} If we think in terms of an "order flow mindset" instead of looking for a "to the tick" setup (it's been repeated few times in this thread) maybe it's not vital that the "fake breakout" occurs in the very same candle. I mean, the principle is the same, a breakout of a somewhat strong resistance level without a followtrough and a quick comeback inside the resistance level we call HHR (or LLS for support). I know it's not the very basic of this system, but maybe it's important even for newbies to understand that bars are just an arbitrary...

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Quoting Pinbar

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Here is one I am in. {image}

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Quoting ghous

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{quote} 2 hours into the London session and price is still lost. This is about the time that I would start watching the trade here very closely If a pull back the LLS shows no signs of holding my plan would have been to get out of the trade without waiting for the stop loss below the low of the fake out bar to get hit. {image} g.

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Quoting Dr_Zulu

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{quote} I'm so glad you post your losing trades too. I for one learn more from that than from anyone's best trades. (It's not that I think that you'll lose this one, I surely hope it will go in your favour, it's just the occasion to thank you for the lost trades you posted in the past) Cheers! BTW, I'm in USDCHF @ 0.9374, SL 0.9457, TP1 @ 0.9286

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Quoting ghous

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The video on Implicit Divergence is up! http://www.youtube.com/watch?v=FPBMX...=TLNwKr1OzuULA Enjoy! g.

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Quoting ghous

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{quote} No no. I am not in this trade. If you read my conversation with Steve (Pinbar) you'll see that I actually didn't take the trade. But since Steve is still in it, and I am watching it nevertheless, I was merely pointing out what the next logical thought should be with regards to the management of this trade. cheers. g.

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Quoting ghous

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{quote} No no. I am not in this trade. If you read my conversation with Steve (Pinbar) you'll see that I actually didn't take the trade. But since Steve is still in it, and I am watching it nevertheless, I was merely pointing out what the next logical thought should be with regards to the management of this trade. cheers. g.

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Quoting Quidsey

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{quote} there is nothing 'new' under the sun. {image} {image} {image}

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Quoting Pinbar

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{quote} Does Ghous'es explanation of an entry say to enter short after a close above these levels? This is not what he explains in these levels and, I think any discussion of this being a fake out is only going to confuse new people to this thread. I hear what you are saying about the fact that, price quickly filled in the bar to the downside but, this is not the basics of what we are discussing. For an FOB to be considered an FOB it must close above for a long entry and below for a short entry. {image}

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Quoting ghous

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{quote} Hey Steve, It can actually be considered a double bar fake out. You're right in that its not a traditional "wick fake out" that we generally look for, but this is pretty much in the same league as a genuine fake out setup. That strong close above the HHR couldn't help price sustain the momentum. It pulled back and dropped under the HHR which validates it as a fake out setup. Once again its more about the "fake out mindset" as opposed to a rigid system. But I am glad you picked out the fact...

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