It may well work, my point was really that we already have a method that works and I was trying to save the thread from going off in other directions as so often happens here at FF. Before you know it someones slapped a moving average on or made an ...

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Nice one. Yes big daily level, I got a small position on that I'm going to try and hold.

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Yes you can wait for a candle to close below the RR level but you risk getting in at a worse price. Sometimes they close way down. All this info will come out of your trading journal though and that takes time to build up to a significant amount ...

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Anyone take the Aussie trade?, nasty little push up there before the drop.

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Hi, Pinbar I think you're right in that the terminology has maybe caused this confusion. I got the SFP wrong at the start too until somebody pointed out my mistake. I'm snowed under with stuff at the moment so I'll have to make it brief. The RR of a ...

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Pin mate that's a retest, S changing to R, or maybe I'm not understanding you right.

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Wow, I don't follow this pair but real shame you didn't get to it on the H1, that's a lovely SFP of a previous weeks recent high you've found there in my studenty opinion. Nice move away from the initial rejection point, over time, creating space, ...

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A fictitious USDJPY.

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This is what we want to see, I've mocked this up but you get the idea. image

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Nice one guys, glad it's clarified a few things for you, just remember this is really the just the basic premise, tradings simple but it's not easy. Lot's of other stuff to get right too I trade the 5m using Tom's ideas, this is how EU and GU ...

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Ok, not sure what you're looking at there, but as Benem says the basic idea is straightforward. Four strategies in this thread are, Rounded Retest, SFP's, Weekly gap close and a gap close with an SFP as entry being the no brainer bet the farm. Look ...

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There is a PDF of Wizards words to be found by clicking the paper clip at the top of the page, hope it helps.

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Hi, yes that was a nice Daily SFP which you could have traded as was, or you could have come down to the hourly and looked for an entry short, 0.9500 for example, but still looking for a D1 target. Not sure if you meant 0.9730.... but 0.9370's looks ...

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EU a bit of a head f@*€ for me at the moment, wild moves. Back on the bench.

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Looking at EU 3080 for a short and UC 1.0247 sfp long.

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Dave's in there What if it comes straight back? .... I'm going to wait a bit and watch for some roundy stuff before commiting.

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Hi, the FTA for me (1.0283) was too close, straight into all that resistance. I'd be interested in an SFP of 1.0311, double top, nice V shape, back to the same FTA, 1.0300 could be a problem. EDIT :no, not happening, looking at 1.0340 now.

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A reminder. image

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Watching it too Dave. image

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