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the_wizard replied Feb 14, 2012Guidelines for Exiting D1 Bias > Run to D1 FTA and use H1 to trail No D1 Bias > Out at H1 FTA : only exception to this is if you are approaching the dead time (5pm - midnight GMT) or end of day and D1 bias is developing then you might try to run the ...
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the_wizard replied Feb 12, 2012No, most of my trades are level plays. It just happens that last week there were a lot of SFP related setups. I just take what I can get. The Bund, the Crude and the EUR/USD were all based on rounded retests (first time back) Some of the other SFP's ...
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the_wizard replied Feb 10, 2012OK that's it for now. The reason I picked these is because they were all traded (or were attempted to be traded in the cases where I missed them) by either myself or someone I know that called them to me in real time. I don't think I've left ...
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the_wizard replied Feb 10, 2012USD/CHF Top red arrow shows a very nice SFP. I didn't see this one form but one of my room members got it. Lower blue arrow marks the SFP at the extreme range lows. The final red arrow (closest to the right) is a poor SFP (although it is clearly ...
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the_wizard replied Feb 10, 2012NZD/USD I got this very clear H1 SFP. I think a few members of this thread got it too.
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the_wizard replied Feb 10, 2012EUR/USD Two trades here. The first was the gap which failed. The second was the pullback into H1 resistance at 1.3217 which is also a huge D1 level. I missed this by a few pips. Irritating but it happens.
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the_wizard replied Feb 10, 2012Gold H1 SFP central on this market. All three of the major SFP's worked like a dream. Remember you want significant moves away from a swing point before its return.
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the_wizard replied Feb 10, 2012Crude Oil This was probably my favourite setup of the entire week but it just missed me. Chart 1 : D1 BUOB right back up through the former support. (note how price broke that level, retested it and then when it SHOULD HAVE moved lower, it came ...
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the_wizard replied Feb 10, 2012S&P500 Hopefully no one is going to come back and say they don't look at the S&P. (I can understand you might not watch the Bunds) If you don't watch the Spoos, you have missed a very key principle of this thread. Chart 1 : Major resistance and last ...
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the_wizard replied Feb 10, 2012Bunds Chart 1 : This was a dream setup with the D1 SFP (marked with the blue arrow) at the prior swing low. As you are about to see, unless you are D1 trader, this was very difficult to get into on the H1. Chart 2 : I was waiting for a good ...
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the_wizard replied Feb 10, 2012BadgerMatt, Just following on from your post, I thought I would post some of the setups I saw this week. As we can see from the posts on this thread, there were lots of other setups out there this week (some will have worked and some won't) but ALL ...
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the_wizard replied Feb 10, 2012I agree with your analysis on this. This trade had already been done and you missed it.
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the_wizard replied Feb 10, 2012This was not a bad level. It wasn't perhaps the best but I thought there was a decent chance of a reaction there. The real problem with this was that you ignored the FTA which you were trading into. It's an easy mistake to make. I also tweeted this ...
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the_wizard replied Feb 10, 2012There are two problems with this trade in my opinion. Firstly, I do not think that level is strong enough. The other thing that concerns me about this is the bounce that you got just before you were triggered. Price came 11 pips from your entry and ...
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the_wizard replied Feb 10, 2012In this trade, you correctly identified an SFP but you have to be careful as look how many times price is running into that resistance that you sold. One of the key points I outlined early in this thread is the "spider" pattern. You are selling a ...
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the_wizard replied Feb 10, 2012Nothing wrong with this entry or the management in my opinion. Having said this, I find the phrase "we all know the Wiz's stats" interesting... I am hoping you are keeping your own stats on this, diligently updated each week so you know the ongoing ...
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