Fail Better

potential sell set up on gbp/usd at 618 retracement of current price and last low pre breakout l nice support level. so if fast move up ;past adr then will see how it evolves

see two touch level worked out. hit on nfp. i did not take sell

What i'm looking for this wk. For practice only. THIS IS WHAT I SEE ANYWAY

so nzd charts above. had areas looking for SFP's . price blew thru on poor ism data out US. not sure if level is 3 touch and valid for rounded retest. looks like it though

usd/cad. had a two touch level with 50% confluence, but unsure of targets. price blew thru it. the last high prebreakout level bouced 42 pips. could have had stop of 28 pips below thrust candle. there is a spf in play at lowest level, with initial target of next structural high (last hi prebreakout level )

potential rounded retest on daily level with daily bias on cable

Hi everyone, I know this is an old thread, but I'm wondering if anyone knows or remembers how Tom kept stats on the Sunday gap?

More specifically, did he keep stats on every Sunday gap, even a 1 pip gap? Or was there a limit? I know he says he only looks for 20pip gaps minimum to trade.

I've searched through the thread and here's everything I could find regarding the Gap system. Hopefully, this will benefit someone:

All relevant posts on trading Sunday gaps:

He plays them on 22:00 GMT due to his broker and when liquidity coming in: https://www.forexfactory.com/showthr...mt#post4626260

What to journal: https://www.forexfactory.com/showthr...ap#post4620028

How to determine R and Stoploss: https://www.forexfactory.com/showthr...ap#post4604886

https://www.forexfactory.com/showthr...ap#post4620240

Strike rate is measure on complete fill: https://www.forexfactory.com/showthr...ap#post4849074

How he usually plays it (0.5R): https://www.forexfactory.com/showthr...ap#post5298287

About doing more research: https://www.forexfactory.com/showthr...ap#post4626260

About how expectancy with a low R but high strike rate plays out: https://www.forexfactory.com/showthr...ap#post4559513

How it works on some markets but not others: https://www.forexfactory.com/showthr...ap#post4604357

Rounded retest candidates ? What do you guys think?

Since i'm waiting for Tom to re-open Edges for Ledges and I desperately want to be a part of the community, I figured I'd post my charts here on the off chance that any of the OGs decide to comment on them.

Here's what I'm looking at next week:

Only took one trade this week on EURUSD. We had a Bearish Engulfing candle on the D1 timeframe (first chart), so I looked for a short entry on the H1 and tried to run it to a D1 target (second chart). I got stopped out for -0.84R.

Admittedly the level I chose to short off wasn't good. Although I was aiming for a 3.5R trade, I don't think it was worth shorting a bad level. Lesson learned: don't act on bad levels just because you have a D1 bias. You still have to find good levels.

just a few trades I have taken still learning

one this morning

is there new thread??

SFP

Anyone here that trades the sfp pattern want to set up a discord group where we share ideas ?