You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
#TATip Swing Failure Pattern
Seeing a lot of traders use/abuse this pattern lately, thought I'll put up a small primer.
Index:
i) Premise
ii) Identification
iii) Trading (Entry/Stop)
iv) Miscellaneous
i) Premise The SFP is hinged on the basic idea that large players need equivalently large liquidity to fill their orders and avoid slippage by buying at the current market prices. Once they fill their orders, price usually reverts back. How do they achieve this?
ii) Identification Look for key swing points (/\ or \/) on a chart, swing high/lows that stand out instantly. When price breaks these points, two things will happen:- a) Stops will get triggered b) Breakout traders will be baited This will create the large liquidity required.pic.twitter.com/vz1Mj909h9
iii) Trading (Entry/Stop) Entry: On the close of the SFP candle (the candle that breaks the swing high/low and closes below/above) Stop: Discretionary stop above/below the SFP candles high/low. Manually exit if price closes above/below SFP high/low. TFs: Any (I use the 4h/1D)pic.twitter.com/tg6icPVXo1
iv) Miscellaneous • Mostly applicable on BTC and large caps. • This can also be used to identify range fakeouts. • Check all exchanges to check if the SFP is consistent. • Lastly: A wick below/above a low from 3 bars prior and a close above/below is NOT an SFP.pic.twitter.com/wWbfle4vvV
Update. Although this worked out this time, it wasn't the ideal SFP due to the entry (candle close) being so far away from the swing point that was SFP'd This would be a 0.5R trade, which warrants a pretty high strike rate. For best SFP trades, look for small wicks.pic.twitter.com/GbgXsikVAI
So a double top or double bottom from the point of view of PA
Great thread ty, some questions I hope you'll consider. What are some target setting strategies? You say this is good strategy for btc and larger caps... What about forex? Commodities? Stocks? Top 20 alts or less?
Hola please find the unroll here: Thread by @HsakaTrades: "TATip Swing Failure Pattern Seeing a lot of traders use/abuse this pattern lately, thought I'll put up a small primer. I […]" #TATip https://threadreaderapp.com/thread/1020333047818932224.html …
Have a good day. 
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
