#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
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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
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Add in volume for an even better picture
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What kind of volume profile would you look for? Exceeding that of the candle of which the stops were ran. Or just "larger" general?
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so they liquidated all the shorts before shorting up top. Nice
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That was brutal. Gorgeously brutal.
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I got nuked lol. So even though we were in such a tight range sfp still applies?
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What about the three bars apart rule? And any particular reason for this?
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Can you explain this: Lastly: A wick below/above a low from 3 bars prior and a close above/below is NOT an SFP. Thx btw, glad I'm following you!
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