The Drummond Geometry Forum

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.

Yes, you are exactly correct in this, and your understanding is right.

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.

Yes, it could be handled this way as well, though for the SFT itself, perhaps better to have a definitive move off the dot...

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.

the SFT's are a great way to make money.

Master them and you will be fine!