Excuse my language, I'm too passionate about trading to filter it. Maybe you will learn something.
This trade is the opposite of some of the worst trades youve ever been stuck in. I should say, ever felt like youve been stuck in. Even as an experienced trader I occasionally will wonder wtf, I dont understand why this move is happening and sit in a trade way too long, and take a loss larger than I had originally planned. If you dont know why something is happening, on a technical or fundamental level, you should step aside. If you do understand why something is happening, and stay in a trade because you think the reasoning is stupid, which is generally what I do nowadays as a more seasoned guy, you should get the fuck out. This intro may seem off-topic, but it isnt. These are the people this trade catches. Youll be taking their money when you trade it. Good for you, mother fucker.
The face-ripper is best traded on a longer time frame, but entered intra-day. Just as a skier waiting for fresh powder to hit the best runs, you must wait for some lovely volatility. Weekly setups are deadly if the timing is right (which I will not elaborate on, dont enter into this trade at the end of the day on a Friday, for obvious fucking reasons), daily trades can be quite nice. You will even find some lovely 4H currency trades, and hourly trades with this bad boy. I like it for a 30M shotgun, but I would not go down much further than that. This strategy is best stopped into and thus has some issues when it comes to scalping. It feeds off volatility. This is essential. Generally, the length of the trade is about half the length of the time frame you are trading. Obviously, if you are trading in shorter-time frames there may be opportunities to carry the trade, but that is not the topic of this article.
Unsurprisingly, I like this setup to occur at particular spots. Its great at the top of a Bollinger band for a short, the bottom for a long, somewhere near the middle band for either and I especially like the following play. Top of range, high volume down bar with limited conviction. Next bar opens, makes a new low compared to the previous bar and comes at or near a 13 period EMA or the middle Bollinger band. Then, price does something unexpected to a novice. Even intermediate trades may fail to catch this trade. I believe you must truly be in tune. It breaks the opening of the bar and you get your ass long. Fueled by the stops of inferior trades you rip into their bank accounts and take that money for your own. Im a wild man so I add whenever and wherever I can (strategically, of course), but every time I catch one of these it makes me wonder. Will my friends ever experience something as wild as this?
Fuck no, theyre totally missing out.
COCOA WEEKLY - RIPPING YOUR FACE OFF 11/9/2015-11/13/201
A Blurb About My Favorite Type of Trade:
Spencers Intra-bar Face-Ripper Reversal
"Its face-ripping fun" - Spencer Sundahl
This trade is the opposite of some of the worst trades youve ever been stuck in. I should say, ever felt like youve been stuck in. Even as an experienced trader I occasionally will wonder wtf, I dont understand why this move is happening and sit in a trade way too long, and take a loss larger than I had originally planned. If you dont know why something is happening, on a technical or fundamental level, you should step aside. If you do understand why something is happening, and stay in a trade because you think the reasoning is stupid, which is generally what I do nowadays as a more seasoned guy, you should get the fuck out. This intro may seem off-topic, but it isnt. These are the people this trade catches. Youll be taking their money when you trade it. Good for you, mother fucker.
The face-ripper is best traded on a longer time frame, but entered intra-day. Just as a skier waiting for fresh powder to hit the best runs, you must wait for some lovely volatility. Weekly setups are deadly if the timing is right (which I will not elaborate on, dont enter into this trade at the end of the day on a Friday, for obvious fucking reasons), daily trades can be quite nice. You will even find some lovely 4H currency trades, and hourly trades with this bad boy. I like it for a 30M shotgun, but I would not go down much further than that. This strategy is best stopped into and thus has some issues when it comes to scalping. It feeds off volatility. This is essential. Generally, the length of the trade is about half the length of the time frame you are trading. Obviously, if you are trading in shorter-time frames there may be opportunities to carry the trade, but that is not the topic of this article.
Unsurprisingly, I like this setup to occur at particular spots. Its great at the top of a Bollinger band for a short, the bottom for a long, somewhere near the middle band for either and I especially like the following play. Top of range, high volume down bar with limited conviction. Next bar opens, makes a new low compared to the previous bar and comes at or near a 13 period EMA or the middle Bollinger band. Then, price does something unexpected to a novice. Even intermediate trades may fail to catch this trade. I believe you must truly be in tune. It breaks the opening of the bar and you get your ass long. Fueled by the stops of inferior trades you rip into their bank accounts and take that money for your own. Im a wild man so I add whenever and wherever I can (strategically, of course), but every time I catch one of these it makes me wonder. Will my friends ever experience something as wild as this?
Fuck no, theyre totally missing out.
COCOA WEEKLY - RIPPING YOUR FACE OFF 11/9/2015-11/13/201