and here goes the DAX. We did not see a rounded retest yet, but an "immediate" retest after the break of the level. image

HCR-LCS + SFP Research thread

Both DAX and USDJPY are at very interesting levels. Now we need to wait and see what price does and if it gives us a possible setup. image image

HCR-LCS + SFP Research thread

That's pretty easy You just have to go through your trading record. You look at all the trades you made, analyse the setups and give them a ranking. Then you can get your expected winrate. However, you cannot get those numbers from someone else ...

HCR-LCS + SFP Research thread

That is basically statistics 101 Would you place more money on a bet that has a higher expected outcome? So, you would enter a larger position on a trading setup that has a higher expected winrate than on a crappy that where you don't know what will ...

HCR-LCS + SFP Research thread

Simple bread and butter trade. 1st target is already hit. The rest is running for the second target. No risk anymore. Support turns into resistance

HCR-LCS + SFP Research thread

Putting too much emphasis on daily close might set you up for troubles... How do you chose the closing time of your daily candles? NYSE closing time? Then you are neglecting London, the Aussies and the asian sessions. Daily candles don't say anthing ...

HCR-LCS + SFP Research thread

just go through the thread. There are numerous of charts and explanations. Welcome in the thread btw

HCR-LCS + SFP Research thread

USDCAD might be setting up some nice RR. Time will tell

HCR-LCS + SFP Research thread

Agree Ghous! Also I think the way price is approaching the level is not tempting. When you want to go short the best thing that can happen is when prices rallies into the level. Why? Because for the average retail trader it will look like price is ...

HCR-LCS + SFP Research thread

Some interesting thought I recently came across regarding Moving averages. So many people use system that tell them only to buy when price is above your MA and sell when price is below your MA. It's also used as a confirmation within other systems. ...

HCR-LCS + SFP Research thread

yes. But I am not sure you can cal it scary. "The big buys" have to be positioned in the market. And they have huge money they need to somehow trade. But if they would just sell price would drop like a stone what would in the end cause them to enter ...

HCR-LCS + SFP Research thread

I recently read what is behind those Support turns resistance trades. I therefore labeled the chart with 1, 2 and 3. 1) The general public trades long here because we have such a strong support level according to all the technical analysis ...

HCR-LCS + SFP Research thread

I have been away most of the week but on market open on Sunday I plugged in my orders. 2 were triggered during the week. USD/JPY is as beautiful as it gets. Print this chart and hang it over your bed. Thus is like the perfect setup. image NZDUSD ...

HCR-LCS + SFP Research thread

valid. I tried it on all timeframes and it "works". However, as often as level hold they will fail. Research suggests the eye is naturally drawn to the areas where a level worked and we tend to put more focus on a level that held in previous ...

HCR-LCS + SFP Research thread

some food for thought. Markets usally follow a random walk. A traders job is it to find patterns that make these random moves less random and play the probabilities accordingly. How random are Support&Resistance levels? Check this video and try it ...

HCR-LCS + SFP Research thread

Based on my rules a setup does not require 3 touches. I found this during backtesting. I have taken hundreds of rounded retest trades using forextester and the way I play them in regards to SL and TP 3 touches are not required. A valid level for me ...

HCR-LCS + SFP Research thread

Cannot complain about a lack of good setups today. USDCAD with a RR at a very nice level. Edit: Very quick run to the target image

HCR-LCS + SFP Research thread

I got a few PMs asking for my entry reasoning on GU and NU short. Both scenarios are a form of rounded retest. Previous support turned into resistance. image

HCR-LCS + SFP Research thread

Here are my two trades I am in since tonight. Took a loss on an other GU short before but it's part of the game. NU and GU both turned where I expected it. SL at BE and let's see if we can get to target image

HCR-LCS + SFP Research thread

HEY Quidsey, I was looking at the retest nefore and was thinking about adding to my position. Very nice rounded retest! And yes Pinbar, almost there Took off slowly at the level but eventually it did as expected.

HCR-LCS + SFP Research thread