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 Post subject: Lesson 30 SFT#2
PostPosted: Fri Nov 14, 2008 10:37 am 
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I have a question on SFT #2 (lesson 30) as follows:

I take it that it is not OK to go short right away when the SFT bar opens and begins to form. No, not OK. For this SFT we wait and see if price goes back up to the PLdot or into the nearby resistance at the PLdot and if strength begins to pour into resistance at that juncture THEN AND ONLY THEN do we take this SFT short. We need to witness a rebuff downwards (monitor LTP) before the SFT is set up for us to enter. If we go short right away at the opening of the bar, then we dont have a SFT trade. In that case, we are not sure of a good result.

J.F.


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 Post subject: Re: Lesson 30 SFT#2
PostPosted: Fri Nov 14, 2008 10:38 am 
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Yes, you are exactly correct in this, and your understanding is right.

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 Post subject: Re: Lesson 30 SFT#2
PostPosted: Fri Nov 14, 2008 10:39 am 
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For the beginner, I presume it would be normal to go short right away as the congestion entrance bar opens and begins to form, 6/1 down and strong resistance at the Pldot being back-up.

Then if the SFT set up occurs later, it is time for a 2nd trade for this congestion entrance bar.

J.F.


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 Post subject: Re: Lesson 30 SFT#2
PostPosted: Fri Nov 14, 2008 10:40 am 
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Yes, it could be handled this way as well, though for the SFT itself, perhaps better to have a definitive move off the dot...

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 Post subject: Re: Lesson 30 SFT#2
PostPosted: Tue May 30, 2017 2:57 am 
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I presume it would be normal to go short right away as the congestion entrance bar opens and begins to form, 6/1 down and strong resistance at the Pldot being back-up.

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 Post subject: Re: Lesson 30 SFT#2
PostPosted: Thu Jun 01, 2017 10:19 am 
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the SFT's are a great way to make money.

Master them and you will be fine!


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