Survivor setups

Survivor Feb, 2011 http://www.forexfactory.com/showpost.php?p=4428165&postcount=4287

Here is one of my favourite setups that i took yesterday... In a good trend, she moves hard
against the trend. Crosses both 35/50 in a single candle and closes without wick on a
signifiacant support/ resistance. Yesterday she closed on confluence of 62 ema, h4 10 and RN.
Buy with all you have got. I am yet to see any real draw down on these trades.

Here is yesterdays trade and one i took earlier. Earlier one doesnt show 62 EMA but it was right
there at top.

Warning: Its high probability trade but be careful when she comes to 35/50 slowly. I like her to
rush real fast. mostly in 2 candles. Also Duffy Pmed me saying he managed to find a failed trade
in his back testing. SO maybe its not unfailable after all.
Survivor
http://www.forexfactory.com/showpost.php?p=4163727&postcount=2569
I saw my favourite candle in EU…
In such setups price comes back to an MA and MA holds it up while there is consolidation in
form of many small candles. In these small candles i look for higher highs or lower lows
depending on which way i am trading it. I often trade them with 5-6 pip SL and large trailing
targets. Here is a trade that developed today.

I find such trades often and because they need small SL i am able to hit double/ triple lots
gaining some serious net pip count.

First, I take these trades in any time frame i find. But you have to adjust targets accordingly. A
constrainment in 1h will certainly give more pips than a constarinment in 15M.

Second, 3 candles are good enough. Also note that higher time frames / fast movers will give
lesser number of candles. 15m USDCAD is likely to give large number of candles but GU 1H is
hardly likely to give 2 candles. This information helps in deciding if one should jump fast with
larger Sl or wait patiently for replacements for entry.

The candles themselves maybe bullish or bearish. I dont care about red or green candles. what i
like to see is higher lows for long and lower highs for shorts. That basically means your ma
should rising for long and falling for short. In this case 10 EMA was rising because of higher
lows.
http://www.forexfactory.com/showthread.php?p=4700191#post4700191

Here is how I have been trading “touches”. This is not core dance and I am sharing my method
with permission from kostas. My intention is never to divert you from main choros. Only
intention is to help if possible.

I have not been very successful with touch trades and only way for me to trade touches is to
NOT trade them! However, I have tried to understand basic philosophy behind touch trades.
That is to “enter on retracement”. Having understood this, I increase my strike rate by not
entering at touch but only after I see a definite pattern. Then also i enter only after price breaks
below previous candle and buy only after price breaks above previous high.

High Momentum(impulsive) and low momentum (correcdtive): No fancy indicators here.

Momentum is speed with which price is moving. This is shown by length of candles. A large
candle shows high momentum and small candles show lack of momentum. I like to enter with
high momentum against low momentum.

Setup: These are same setups given in manual.

Early in the trend two types of setups can be taken.

A. Continuation pattern: Rejection bars are often good continuation setups.

B. Failed reversals: Early in the trend, market will often try to reverse the move. This traps
contra trend traders and any failure of such reversal is a good continuation signal.

After prices have moved reasonably far in direction of trend, deeper corrections are expected.
In such cases, above two entries are more likely to give false entries. We should rather expect a
“complex correrction” after a deeper move. A complex correction is nothing but an a-b-c move.
Essentially, it is a contra trend move in two legs with a small with trend leg in between.

C: Reversals: When we see a reversal pattern in low momentum move we expect continuation
of high momentum move. This gives good entry after an extended correction. Expect few failed
reversal before major reversal.

Entry points, SL : Stop loss entries are safest. It’s generally safe to place and SL entry order few
ticks above/below setup patterns. Once entry is done, first stop loss can be placed in the other
direction of setup. For examples, in a bearish rejection bar, place SL sell just below the low.

See chart below.

A couple of posts later, in response to Kostas1 comment:
http://www.forexfactory.com/showthread.php?p=4700624#post4700624

Normal trending market is same for me... i watch retracement to 10 ema carefully. if i see large
candles i stay out. if i see lack of momentum, i wait for a good setup (rejection bar etc) and then
enter an sl order just below/above previous candle so that markets takes me in its flow when it
starts moving. will post charts when i get time.
http://www.forexfactory.com/showthread.php?p=4730248#post4730248
USDCHF 1h Constrainment that i took

here is a chart. friends i am struglling to teach every dancer this. pls dont miss these tradess!!!
Attached Thumbnails

  
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http://www.forexfactory.com/showthread.php?p=4709726#post4709726

Since you asked here is how i traded yesterday. Was a good day. It is all as i have explained in
previous post. Still very much choros. But slightly modified to make sure i do touches well.
Another great chart, showing a lot of what he has explained recently. This post is right before
the one above.
http://www.forexfactory.com/showthread.php?p=4700170#post4700170
Excellent constrainment rules
http://www.forexfactory.com/showthread.php?p=4391839#post4391839

1. Every morning before major markets open scan all major currencies all TF- 15M 1H 4h
Daily etc. Special attention to 1h in slow movers like USDCAD, USDCHF USDJPY AUDUSD
etc. And attention to 15M in fast movers like GU and EU. 4h and d1 won’t give direct
constrainments but you will get wonderful trading ideas similar to constrainments once
you get a feel.
2. Look for a nice clear trend- steep 35/50. this is first requirement
3. Now look for price being constrained from one side only. ignore if you see mas on both
sides of price. then you don’t know which ma is constrainig price.
4. Watch lows for a long constrainment and highs of candles for a short constrainment.
Where is price being rejected? that will help you in correct entry at low or hi. Most of
the time price will be constrained by one of the mas but Sometimes the price will be
constrained by some level rather than ma. enter at the constraining ma/ level and keep
5-6 pip SL.
5. Candles will be all touching the ma and ma will itself be rising for long or falling for
short. Flat mas are risky especially flat weak mas like 10.
6. Verify that no HTF ma can act against your trade. I call it clear sky in chart posted.
basically if you going long check that no HTF ma is just above price. reverse for short.
7. Wait for your take profit to be hit.
http://www.forexfactory.com/showthread.php?p=4700624#post4700624
i watch retracement to 10 ema carefully. if i see large candles i stay out. if i see lack of
momentum, i wait for a good setup (rejection bar etc) and then enter an sl order just below/above
previous candle so that markets takes me in its flow when it starts moving.

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Another nice post and setup
http://www.forexfactory.com/showthread.php?p=4769021#post4769021

Am back here. guess whats my post about? here was my todays only trade. zero drawdown.
target in single trade.
This is my own analysis of a setup today 7/12/2011 on GU H1:

Another of my own
Another of my own