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Attachments: Keroro0o0o's S&D + PA trading
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Keroro0o0o's S&D + PA trading

  • #821
  • Feb 23, 2014 10:48pm Feb 23, 2014 10:48pm
Quoting Balhana
{quote} One thing I want to tell you is that often times I don't see any difference between WE/Trap/QM/H&S. Have you ever thought that retest of bull trap looks like a right shoulder of H&S? If I say I use H&S, then does it sound old fashioned to you?
Is this Head and Shoulder or Retest of Bull Trap? It doesn't matter, but one important thing is that I usually get in before the neckline is broken. Check out the chart below. I would have sold where I marked if I had been at the computer.
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  • #822
  • Feb 23, 2014 10:59pm Feb 23, 2014 10:59pm
Quoting Balhana
{quote} Is this Head and Shoulder or Retest of Bull Trap? It doesn't matter, but one important thing is that I usually get in before the neckline is broken. Check out the chart below. I would have sold where I marked if I had been at the computer. {image}
Thanks Sang for the notes.

I had a frustrating start of the week.

AU:
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*note: first 3 screenshots showed my default SL, which was 20pips. I moved it lower to 18 pips, and shit happened.....what an idiot....
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #823
  • Feb 23, 2014 11:29pm Feb 23, 2014 11:29pm
Quoting keroro0o0o
{quote} Thanks Sang for the notes. I had a frustrating start of the week. AU: {image} {image} {image} {image} {image} *note: first 3 screenshots showed my default SL, which was 20pips. I moved it lower to 18 pips, and shit happened.....what an idiot....
It was an confusing PA. Cheer up, Chao.
  • #824
  • Feb 23, 2014 11:52pm Feb 23, 2014 11:52pm
Quoting Balhana
{quote} It was an confusing PA. Cheer up, Chao.
all good.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #825
  • Feb 24, 2014 12:07am Feb 24, 2014 12:07am
Quoting keroro0o0o
{quote} Thanks Sang for the notes. I had a frustrating start of the week. AU: {image} {image} {image} {image} {image} *note: first 3 screenshots showed my default SL, which was 20pips. I moved it lower to 18 pips, and shit happened.....what an idiot....
Re-entered:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #826
  • Feb 24, 2014 2:31am Feb 24, 2014 2:31am
Quoting keroro0o0o
{quote} Re-entered: {image}
Update:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #827
  • Feb 24, 2014 4:44am Feb 24, 2014 4:44am
Hi Guys another week
Just turned on a bit late in europe, saw a nice setup which of course I was sleeping just posting it to make sure I was reading everything as expected, have a nice week Pho
HAhaha sorry just scrolled back in the blog, there it is excuse me !
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  • #828
  • Feb 24, 2014 7:57am Feb 24, 2014 7:57am
EURAUD Short
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  • #829
  • Feb 24, 2014 7:58am Feb 24, 2014 7:58am
USDCHF Long
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  • #830
  • Feb 24, 2014 8:35am Feb 24, 2014 8:35am
Quoting Balhana
USDCHF Long {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #831
  • Feb 24, 2014 8:58am Feb 24, 2014 8:58am
Nj:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #832
  • Edited 5:04pm Feb 24, 2014 1:43pm | Edited 5:04pm
Hi Keroroo and Balhana

Just discovered the whipsaw engulfing pattern few weeks ago here in FF.

I've read the link in the first post about whipsaw and traps.

Did a trade on swissy at a demand level few days ago (got BE becuz i tought price would go higher but..), due to heavy red candles i placed my initial stop below lowest low and not below that RBR demand level because a bit worried about the strength of the mome into my demand level (if approach was less heavy i would place my stop below that little demand level). Then I noticed that it could be a whipsaw engulfing pattern maybe.

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When trading this kind of setup the stop should be beyond the engulfed cluster or should cover the higher high/lower low pivot? If a base like a RBR - DBD forms near the engulf of the cluster like in my screenshot we should treat it as a SD level (entry at the base and stop beyond base) without the need of covering the whole pivot high-low? Was also wondering if the return to that area should happen soon after the engulf or if it is good after a while too.

About the trap i didn't understand where i should search for the entry point, and how to discern the trap from a normal directional move + his pullback. Should I look for traps where it is a clear sr zone then price drops strong into the sr zone again? As well as the whipsaw engulfing the move that breaks and return into the sr should be strong, right?

Sorry for noob questions and maybe there is already the answer in this thread, I will read it all from page 1 to 42 as soon as i have time, seems a nice place to understand how to trade SD + PA. (i need more than 1 life to read all that i want on FF and still at beginning).
  • #833
  • Feb 24, 2014 5:25pm Feb 24, 2014 5:25pm
Quoting Ainur
Hi Keroroo and Balhana Just discovered the whipsaw engulfing pattern few weeks ago here in FF. I've read the link in the first post about whipsaw and traps. Did a trade on swissy at a demand level few days ago (got BE becuz i tought price would go higher but..), due to heavy red candles i placed my initial stop below lowest low and not below that RBR demand level because a bit worried about the strength of the mome into my demand level (if approach was less heavy i would place my stop below that little demand level). Then I noticed that it could...
Hi, Ainur,

The zone you drew, yes it's WE zone, but the PA was bearish. Price made such a strong move down towards that zone, and we don't take touch trades like that to speculate the zones to hold. That's why I called the thread "SD + PA", you trade SD zones with PA triggers.

Spend more time to understand the essence, and don't rush the trades. it's good that you started with SD + PA trading right from the beginning. I'm jealous
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #834
  • Feb 24, 2014 5:25pm Feb 24, 2014 5:25pm
Quoting keroro0o0o
Nj: {image} {image} {image}
Update:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #835
  • Feb 25, 2014 1:59am Feb 25, 2014 1:59am
Sang, if you're reading this, I just took the same trade as you did on GBPJPY. I got in slightly earlier than you. I was thinking if you were taking the same setup when I took it, and yes, you did.

will post a chart when i'm home.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #836
  • Feb 25, 2014 2:41am Feb 25, 2014 2:41am
Quoting keroro0o0o
Sang, if you're reading this, I just took the same trade as you did on GBPJPY. I got in slightly earlier than you. I was thinking if you were taking the same setup when I took it, and yes, you did. will post a chart when i'm home.
Nice!!
  • #837
  • Feb 25, 2014 3:09am Feb 25, 2014 3:09am
Quoting keroro0o0o
{quote} Hi, Ainur, The zone you drew, yes it's WE zone, but the PA was bearish. Price made such a strong move down towards that zone, and we don't take touch trades like that to speculate the zones to hold. That's why I called the thread "SD + PA", you trade SD zones with PA triggers. Spend more time to understand the essence, and don't rush the trades. it's good that you started with SD + PA trading right from the beginning. I'm jealous

Hmmm... tought that the whipsaw engulfing was itself a PA confirmation entry, maybe it is only if the price returns at the cluster zone right after the strong engulf or soon after and not after so much price activity and with that strong drop from too far away.
  • #838
  • Feb 25, 2014 3:20am Feb 25, 2014 3:20am
Quoting Ainur
{quote} Hmmm... tought that the whipsaw engulfing was itself a PA confirmation entry, maybe it is only if the price returns at the cluster zone right after the strong engulf or soon after and not after so much price activity and with that strong drop from too far away.
yep, exactly.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #839
  • Feb 25, 2014 6:43am Feb 25, 2014 6:43am
Quoting keroro0o0o
Sang, if you're reading this, I just took the same trade as you did on GBPJPY. I got in slightly earlier than you. I was thinking if you were taking the same setup when I took it, and yes, you did. will post a chart when i'm home.
GJ trade:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #840
  • Feb 25, 2014 8:50am Feb 25, 2014 8:50am
Great trading.
I just want to say thank you.
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