Looks dodgy to me. There appears to be more space to go up than down. In fact I am not seeing that many setups worth taking right now across the board.

Mastering the Art of Trading

Not at all my friend, my pleasure. Too bad that we both now live in countries where VPNs are necessary. When will they learn? Probably never.

Mastering the Art of Trading

This is not a Fake Out Bar and the swing Point is rather small. Check out the chart.

Mastering the Art of Trading

Yes, but not one that needs more than a few seconds to pass on. See reasons on chart. Hope this helps Edit; Oops wrong chart.

Mastering the Art of Trading

This was a nice setup, apart from the close being too far from the level. Too bad I was in the middle of moving house at the time.

Mastering the Art of Trading

I will let it play out as the SL rule is a close above the FOB. This is a demo trade so, I will watch the mechanism of the SL working or not.

Mastering the Art of Trading

Thanks Ghous I should really be out of this trade now, especially as we have H4 bars closing above the 1.46000. Perhaps the SL is too big? That said, I now realize the dilemma of having to wait for a daily close above the fake out bar.

Mastering the Art of Trading

The 365 EMA confluence with the 1.46000 is the point for me.

Mastering the Art of Trading

I am waiting for a touch of the level. Just experimenting with the H4. No, I don't want to see a bearish bar like a PB or, especially a BEOB because, it will put price too far from the level and closer to the FTA. Hope this is clear, if not shout.

Mastering the Art of Trading

You did a great job on that video Ghous &, it is very, very informative. Actually, right now, I am trying to use this information and apply it to the GBP/CHF setup. One question though, you say, the H4 tf has less information that the ...

Mastering the Art of Trading

I would be careful.

Mastering the Art of Trading

Thanks Ghous, that was a very clear explanation and very interesting. I shall put this knowledge in my tool bag.

Mastering the Art of Trading

I have a question for Ghous about the possibility of an early sign of a failure signature. If we get a fake out at a good SP and then the next bar or even the next bar, takes out the high of the FOB, can this be an early sign of a possible failure. ...

Mastering the Art of Trading

The two methods can work in tandem. I am looking at them both as confluence. The thing with HCR-LCS is, I often found price would miss hitting them and I would not get an entry. With the Fake out, we appear to have more people getting trapped on the ...

Mastering the Art of Trading

People did very well in thinking about this hypothetical trade. Personally, I would not have traded it for the following reasons. 1: Large bearish bar, with the close a long way from the level. The bearish PB while showing order flow, gets us in ...

Mastering the Art of Trading

Hey Ghous, I just read this. I pressume you do know that, you can edit the first post even after months. Only the first page though. But, you could put everything in that first post.

Mastering the Art of Trading

Good to hear people having a go at this.

Mastering the Art of Trading

I take that means, you would take the trade on the close of the bar?

Mastering the Art of Trading

Here is a quick question for new people to this method. Experienced people don't need to answer it, to give the new people a chance. If you would take this trade or even would not take this trade, supply the reasons for either.

Mastering the Art of Trading

I am ALL EARS on this H4 analysis of what is going on here.

Mastering the Art of Trading