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Fail Better

  • #6,001
  • Mar 25, 2014 8:35am Mar 25, 2014 8:35am
Quoting Gonzol
Hi to Tom and the participants on this thread...
Hi Ken,

I can relate to your post. I am very glad I stumbled across this thread when the first post came up and was lucky enough to attend all his webinars for 2 years - never missed one.
I picked up so many ideas and implemented it into my own trading, since I have always been a price action trader. My trading has improved a lot and I am very greatful for this thread and happy to share my trades and setups here and discuss trading ideas with people.

Cheers
Learn from yesterday, live for today and hope for tomorrow.
  • #6,002
  • Mar 25, 2014 9:45am Mar 25, 2014 9:45am
Quoting Gonzol
Hi to Tom and the participants on this thread. I'm a mid sixties man from Western Canada. I've been trading live for about three years with no notable success other than sometimes holding my own. I started to lurk on this thread about three years ago, having been attracted to it by the "Fail Better" title. Time took me off to other threads, but I'm back to learn. I would be thankful the help of other members and in time, I hope that I can contribute. Ken
Gonzol,

you should check out trader-dante.com. It is Tom's website. I just stumbled on to the site about a month ago but got distracted by other things that were very helpful as well. On the site, you will see links to trade2win.com threads that Tom started years before this thread was started.
  • #6,003
  • Mar 25, 2014 2:58pm Mar 25, 2014 2:58pm
SFP? FTA? Rounded Retest?

I've been reading this thread and still don't know what these mean. Can anyone elaborate?

I am assuming SFP has to do with entries and FTA has to do with exits, but what are they acronyms for?

What constitutes a rounded retest again? Is it a gradual decrease in the size of candle bodies as it touches a S/R line and then a gradual increase in the size candle bodies.
  • #6,004
  • Mar 25, 2014 7:05pm Mar 25, 2014 7:05pm
Quoting revival_fx
SFP? FTA? Rounded Retest? I've been reading this thread and still don't know what these mean. Can anyone elaborate? I am assuming SFP has to do with entries and FTA has to do with exits, but what are they acronyms for? What constitutes a rounded retest again? Is it a gradual decrease in the size of candle bodies as it touches a S/R line and then a gradual increase in the size candle bodies.
Hi Revival FX

I'm only on page 50 0f reading the thread....OK.. I skipped to the end too. It's alot to take in without the webinars isn't it. I would learn some of the acronyms and then forget them..so I started to enter the abreviation or word in "search the thread" on top left corner of each page. Then it prints out all posts with that word in.

SPF-Swing Pattern Failure. This is a whole concept and alot of posts on it.
FTA- First Trouble Area
Rounded Retest- Try the same approach. I keep notes on each concept separate. Posts from #5882 to 5906 are into Rounded Retest area alot. Hope this helps! I'm starting to feel a little more comfortable with the methods, and have applied to join the webinar...maybe see you there.

Ken
  • #6,005
  • Mar 25, 2014 7:13pm Mar 25, 2014 7:13pm
Quoting TraderRolf
{quote} Hi Ken, I can relate to your post. I am very glad I stumbled across this thread when the first post came up and was lucky enough to attend all his webinars for 2 years - never missed one. I picked up so many ideas and implemented it into my own trading, since I have always been a price action trader. My trading has improved a lot and I am very greatful for this thread and happy to share my trades and setups here and discuss trading ideas with people. Cheers
Hi Trader Rolf

Thanks for the "Howdee" and the offer of help!

Ken
  • #6,006
  • Mar 26, 2014 1:38pm Mar 26, 2014 1:38pm
Quoting Gonzol
{quote} Hi Revival FX I'm only on page 50 0f reading the thread....OK.. I skipped to the end too. It's alot to take in without the webinars isn't it. I would learn some of the acronyms and then forget them..so I started to enter the abreviation or word in "search the thread" on top left corner of each page. Then it prints out all posts with that word in. SPF-Swing Pattern Failure. This is a whole concept and alot of posts on it. FTA- First Trouble Area Rounded Retest- Try the same approach. I keep notes on each concept separate. Posts from #5882...
Thanks Gonzol. This helps alot.

Yes it is slow moving without the webinars. It seems like the very best threads started so long ago. I'm thankful for the breadcrumbs that were left behind even if catching up on 4 - 7 years of material is slow moving. It still is less than a few months by comparison. I've been trading for less than 5 months and I feel I'm on the fast track.

I signed up to the email distro for the weekly webinars (Sundays 7:00 8:00 GMT) on his website. I hope to be in the next one. Some of the old ones are for sale for about 23USD (proceeds go to charity).
  • #6,007
  • Mar 26, 2014 11:43pm Mar 26, 2014 11:43pm
cmon guys for those who dont know what a SPF, FTA and rounded retest are just read the thread
  • #6,008
  • Mar 27, 2014 6:40pm Mar 27, 2014 6:40pm
I am so thankful for this site. Between learning from Darkstar about liquidity and reading this thread for the first time this week, I was able to see this 100 pip move ahead of time. First. Time. Ever.

Even if the entry wasn't perfect, I'm still happy with the new insight.

Thanks, Wiz

P.S. The purple lines are my H4 support and resistance lines. The pink link was my anticipated Fib 161 bounce that lined up almost on top of one of my S/R lines. That trade went awry, but I was able to see the next trade clearly after my first mistake.
Attached Image (click to enlarge)
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  • #6,009
  • Mar 28, 2014 2:27am Mar 28, 2014 2:27am
Quoting revival_fx
I am so thankful for this site. Between learning from Darkstar about liquidity and reading this thread for the first time this week, I was able to see this 100 pip move ahead of time. First. Time. Ever. Even if the entry wasn't perfect, I'm still happy with the new insight. Thanks, Wiz P.S. The purple lines are my H4 support and resistance lines. The pink link was my anticipated Fib 161 bounce that lined up almost on top of one of my S/R lines. That trade went awry, but I was able to see the next trade clearly after my first mistake. {image}
Congrats Revival!
  • #6,010
  • Mar 28, 2014 3:14am Mar 28, 2014 3:14am
Quoting Gonzol
{quote} Congrats Revival!
Thanks, Gonzol.
  • #6,011
  • Mar 28, 2014 3:16am Mar 28, 2014 3:16am
AUDCHF. I always wanted to catch price bursts like these. Thanks to this thread, I can but I also have the patience to live through a reversal because I have properly placed stops.
Attached Image (click to enlarge)
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  • #6,012
  • Mar 28, 2014 5:11am Mar 28, 2014 5:11am
Hi, anyone wanting to get the gist of the thread quickly can click on the paperclip at the top of the forum page and download the PDF condensed version and other helpful stuff.

For some reason 'revival fx' has put me on his ignore list, so if someone could kindly just quote this post, he/she might find it useful. It's only the wizards stuff.
  • #6,013
  • Mar 28, 2014 6:03am Mar 28, 2014 6:03am
Quoting Quidsey
Hi, anyone wanting to get the gist of the thread quickly can click on the paperclip at the top of the forum page and download the PDF condensed version and other helpful stuff. For some reason 'revival fx' has put me on his ignore list, so if someone could kindly just quote this post, he/she might find it useful. It's only the wizards stuff.
Thanks Quidsey.

I was trying to read through the thread to find the wizards posts as a first pass through and was trying to speed up the process by "temporarily" removing frequent commenters. No reflection on your contributions. No harm meant.
  • #6,014
  • Mar 28, 2014 6:19am Mar 28, 2014 6:19am
Quoting revival_fx
{quote} Thanks Quidsey. I was trying to read through the thread to find the wizards posts as a first pass through and was trying to speed up the process by "temporarily" removing frequent commenters. No reflection on your contributions. No harm meant.
No worries, hope it helps your trading.
  • #6,015
  • Mar 30, 2014 8:02am Mar 30, 2014 8:02am
My trade of the week from last week's trading. Everyone was looking at the bullishness of the aussie while I was waiting for it to reach 1.107. Worked perfectly

Attached Image (click to enlarge)
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Learn from yesterday, live for today and hope for tomorrow.
  • #6,016
  • Mar 30, 2014 3:28pm Mar 30, 2014 3:28pm
Quoting TraderRolf
My trade of the week from last week's trading. Everyone was looking at the bullishness of the aussie while I was waiting for it to reach 1.107. Worked perfectly {image}
Hi Trader Rolf, Sorry if I'm thick, but did you mean that you were waiting for it to reach a certain level in order to short? I'm unsure of what level you are referring to. Could you help me to understand?

Ken
  • #6,017
  • Mar 30, 2014 3:57pm Mar 30, 2014 3:57pm
Ho Trader Rolf
Now I see that you were referring to USD/CAD. No need to reply.
Ken
  • #6,018
  • Mar 30, 2014 10:39pm Mar 30, 2014 10:39pm
Yes, both USDCAD and AUDUSD had some nice setups.
The AUDUSD is still running.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30.png Size: 12 KB
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 18 KB
Learn from yesterday, live for today and hope for tomorrow.
  • #6,019
  • Apr 1, 2014 8:48am Apr 1, 2014 8:48am
Hi everyone, new to this thread and very glad I come across it.. Managed to get onto the webinar on Sunday and slowly picking up (and using) some great set-ups, which if I'm honest I sort of knew but have never used them confidently.... Watching the webinar and looking over this thread has opened my eyes to just how great these are and so simple.. Obviously a few other things to keep an eye on too but no need to make it as complicated as I was...
Looking forward to sort of working with you guys.....
  • #6,020
  • Apr 5, 2014 1:36am Apr 5, 2014 1:36am
Quoting Blax1
Hi everyone, new to this thread and very glad I come across it.. Managed to get onto the webinar on Sunday and slowly picking up (and using) some great set-ups, which if I'm honest I sort of knew but have never used them confidently.... Watching the webinar and looking over this thread has opened my eyes to just how great these are and so simple.. Obviously a few other things to keep an eye on too but no need to make it as complicated as I was... Looking forward to sort of working with you guys.....
Hi Blax
I'd like to welcome you to the thread. I'm just new here too, and so far haven't been successful in getting into the forum. Maybe i'm doing something incorrectly, so will try again and look for some variation. Good trading.
Ken
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