USD/JPY H1 chart. Check the circled area. That was my entry. So ; D1 for bias. H1 for entry at the PULLBACK into S/R (note the resistance last too) and 61% fib level. Target was the 77.03's (upper orange line) Now here is the million dollar ...

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USD/JPY D1 chart. Price trades into the double bottom and breaks it intraday, catching the stops from traders that ; - sell the breakout - bought the "double bottom" and held for a longer move with stops below support Now ; price creates a D1 SFP ...

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Now don't get me wrong ; SFP's are hugely powerful but just bear in mind that you are entering AFTER the source with them. Go back to the first few posts in this thread ; what we do here is try to enter AT THE SOURCE. Now let me show you what I mean ...

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Hi surferking, I see you are getting busy on the thread :-) Let's consider SFP's since you mention them frequently. A bearish SFP provides no more than an indication that supply has overwhelmed demand and that selling pressure has dominated. Note ...

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You've just made my day!

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Hi Jim, No, it is not. It has to break the first high and close below (on the time frame of your choice).

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That's what I'm here for! :-)

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Jim, It is usually a 0.5 R return trade the way I play it. Although it can be played in a variety of different ways.

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In my opinion it was 2. If you look closely it SFP'd the first time back and already made it to the FTA for a profitable trade. Now you can wait for a potential SFP at point 1.

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You don't have to worry about the size of the candle that forms the SFP. Actually, it's often the case that the bigger the better. I see USDJPY and GBPUSD are coming good but this is a VERY volatile day. In ordinary circumstances guys you have to be ...

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I used FxPro. I chart and trade with two different brokers.

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"I fell out of love with Support and Resistance trading for a while mainly because i was taught the more hits the stronger the level, so by the time i spotted a level worth trading it bust open giving me a losing trade again." Garry, that is what ...

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Yes, I use it on the H1 now.

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Hi Patrino, Yes it was. I sold at 100.18 (which turned out to be the exact high so some of the guys didn't get a fill) and closed at 98.99 for 119 ticks profit.

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Hey Bez, Seems like you got a little unlucky there! I had my level at 1.5366. I attached a screenshot for those that don't use Twitter to show how I was viewing Cable today. I was looking for an H1 SFP at the 1.5270 D1 lows to take us into an ...

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Yes, I would prefer to see three or more. The area you showed might be good enough if you had major D1 bias based on yesterdays close.

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LOVE your screenshot. "These people are buying again and guess what? They are going to bite the dust" LOOL!

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That area is not strong enough for me to see a high probability of causing a swing bounce.

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I don't know what was in my coffee today but it sure tasted good!

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Update : GBP/USD moved up for the TL retest, so of the scenarios, strategy #2 triggered. Well done to anyone that got more or less the exact high there. Big move to the downside so far. See chart : Chart.ly - Trader_Dante: Strategy #2 triggers

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