Focus on the last trade before you focus on the next one. Where was your target and where did you get stopped out?

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SFP's in play today are : AUD/USD and EUR/CHF among the Currency pairs I watch. Oh and Crude.

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Gold down now almost $30 (300 ticks). Anyone in this?

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That level doesn't look great on the D1...

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Thanks for this. I will check it out. Gold is now down $12 (120 ticks) from yesterdays close :-)

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That support has been hit way too many times for me. I'm trying to buy it lower. I'm intending to bid for it beneath the D1 swing lows and outside its current ATR. I'm looking for 1.5910 at the moment.

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Thanks for this. Good example.

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No. Just D1 for bias and H1 for entry. Re: your other question on how to trade the spider. I'm going to have to cover that in the webinar or I will be here all day! Tom

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Worked like a dream...down it goes in the notebook... :-)

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Yes, Gold is most definetly an SPF.

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The later in the day (e.g after 5pm BST), the more I lean on the D1 print which, in this case, is a SPF. So, yes, I would pass on the retest of $1550 for a long.

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Half off at +2R, rest at...WHAT, GHOUS? ;-) On a serious note, nice trade. However, I do prefer it rounded and rarely take the butt kiss. But tell me one thing. If your target is 8195 and it has traded 8194, are you prepared to let that come back to ...

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Nice level and I, for one, agree with you.

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The Close has to be ABOVE the previous swings LOW (not close). I generally look for it with reference to the LAST swing point (look left). So, in my example, it was a SPF with regards to the previous swing low. In your example, it is actually ...

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LOL - I'm not only re-naming it, I'm going to steal it and pretend I came up with it and I'm going to take the other material in the webinar about how the best traders don't care (which is incidentally how you attract a girls interest ; by not ...

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The spider...or... — So, I'm on Skype discussing the spider pattern with another trader and he used such an excellent analogy I wanted to share it with you. For those of you casanovas out there - take heed ;-) The market moves up and sells ...

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On the H1 I've heard that referred to as a "butt kiss". (i.e. where it comes back on the next bar rather than rounding back to it). I always prefer the rounded retest but I see it worked for you :-)

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Yes, in this example you have some clear sky :-)

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Ouch! Yes, nothing wrong with putting in an order in overnight. I do it from time to time when something looks good.

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Hi Greenhaze, Yes you can see the same pattern on the H1 (and I am sure, other timeframes too). I am most familiar with the way it works on the D1 though. Here is one from the H1 in Cable this morning. This one formed a pin bar.

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