Support turning into resistance. One of the first fundamentals you get taught at babypips. After all those years of trying to find a complex method of nailing the holy grail, it comes a full circle back to the hard core basics. Nice trade Helius ...

HCR-LCS + SFP Research thread

Spot on Steve. g.

HCR-LCS + SFP Research thread

Hey Stephen, The EUR/PLN was not far from perfect it actually was very very close to being perfect In fact it was only a few pips away from it. It is rare for me to alter my risk percentage on a particular setup. When needed I will reduce it, but ...

HCR-LCS + SFP Research thread

There are stories strongly in favor of your bias. There are stories strongly against your bias. And then there are neutral stories. Price oscillating in sideways swings not majorly representing one direction very obviously over another can sometime ...

HCR-LCS + SFP Research thread

Good question. When in a dominant down trend, you like to see price make its way down comfortably. Nice big bodies and very little lower or upper wicks. When is it not comfortable? When you see small bars "trickling" down and/or see large wicks ...

HCR-LCS + SFP Research thread

I like how it has developed so far, but this is once again very similar to the EJ setup we were discussing a few posts back. You are fighting an extremely strong up trend. Normally with these setups you've got to see some action straight away or ...

HCR-LCS + SFP Research thread

Once price gave some indication that it was hesitant to go down, up was always going to be the easier path for price to follow. I mentioned earlier I liked that wick on the fake out bar image g.

HCR-LCS + SFP Research thread

I totally agree Helius, That is particularly why a few pips here and there on the close doesn't normally set me off from the trade if the story is very good. Its all about the location anyways... g.

HCR-LCS + SFP Research thread

price has closed below the LLS by a just a few pips and visually when I am looking at my charts it seems to have closed very nearly on the LLS itself. I am hugely impressed with the location and the look we have on that...well a hard shot fake out ...

HCR-LCS + SFP Research thread

That was turning out to be a great fake out bar with that upper wick to it! Unfortunately it couldn't close as a fake out. Disappointing really. Interesting to see what price will do next. Now that we have closed under the LLS, is it going to ...

HCR-LCS + SFP Research thread

Nothing except EUR/PLN for me. Still a few hours to the daily close so we may or may not have it. g.

HCR-LCS + SFP Research thread

Excellent point! I missed mentioning that g.

HCR-LCS + SFP Research thread

These are the scenarios that always get me nervous. yes we may get a fake out there. But just looking at the very strong trend up and a rising consolidation pattern coupled with no real confluence at the swing high would make me very uneasy ...

HCR-LCS + SFP Research thread

Some people just can't call it a day until they have jerked themselves in and out of several trades that day. There is a charm I feel that stands a class apart when it comes to waiting for a couple of these setups a month. image Either choose to ...

HCR-LCS + SFP Research thread

I take that by saying "traditional PA methodology" you are referring to the James16 basic strategy of trading PA bars. Well, trading fake outs makes me feel I am in more direct connection with order flow trading. Not that that's important but just ...

HCR-LCS + SFP Research thread

Breakouts can still be pretty textbook style. Remember most of the breakout traders who get burned by fake outs are the ones looking to get early on in the bandwagon. An initial entry triggered due to fear of missing the move or the ...

HCR-LCS + SFP Research thread

Wow! It would thrilling to have you on board D Can't wait to see those charts from you g.

HCR-LCS + SFP Research thread

We had the fake out off the level (double bar fake out) and the very next bar pulled back to your level before taking off. I don't look for entering trades on second pull backs (where they have time and space in between) g.

HCR-LCS + SFP Research thread

There is a reason to not enter on Day 1. You are right. Its because the length of the wick is just simply not long enough and while we do have a rejection the fake out bar still has closed relatively strongly with a small wick. Not enough ...

HCR-LCS + SFP Research thread

This one had the confluence factors that get me excited always, but I guess the lack of space above due to the lower range of the consolidation box plus the 150 EMA killed this one. g.

HCR-LCS + SFP Research thread