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  • #1,361
  • Edited 7:37am Apr 21, 2012 7:11am | Edited 7:37am
IMHO, there would be three potential short opportunities (the point A, B, & C on my chart) for EU if price continuously goes higher next week. I will probably take one or two out of the three setups.
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  • #1,362
  • Apr 22, 2012 8:04am Apr 22, 2012 8:04am
Quoting Balhana
IMHO, there would be three potential short opportunities (the point A, B, & C on my chart) for EU if price continuously goes higher next week. I will probably take one or two out of the three setups.
My EU scenario ....
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  • #1,363
  • Apr 22, 2012 8:23am Apr 22, 2012 8:23am
My AU scenario.. Triangle breakout? I'm not so good at breakout trades...
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  • #1,364
  • Apr 23, 2012 3:24am Apr 23, 2012 3:24am
Quoting Balhana
My EU scenario ....
What a poor price prediction!

Anyway, went long at 1.3148. SL @ 3125, TP @ 3180.
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  • #1,365
  • Apr 23, 2012 6:45am Apr 23, 2012 6:45am
Quoting Balhana
What a poor price prediction!

Anyway, went long at 1.3148. SL @ 3125, TP @ 3180.
Stopped out (-23 pips). Not a good start for this week.
  • #1,366
  • Apr 23, 2012 7:11am Apr 23, 2012 7:11am
Quoting Balhana
Stopped out (-23 pips). Not a good start for this week.
Re-entered the EU trade at 3135 (SL @ 3115) for some reasons. If I lose again, no more trading for today.
  • #1,367
  • Apr 23, 2012 8:46am Apr 23, 2012 8:46am
HI
i am new here ..read few glimpses of lj thread..and i thought to give a try on this method now.
its my first trade setup ..
pls point out if therz any mistakes
i thank avanish for suggesting to read this thread ..
gbpyen h4 at a good support zone ..
as fomc meeting is scheduled on wednesday i hope market may range b/w todays low and fridays high..so after this pinbar i plan to enter long
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  • #1,368
  • Apr 23, 2012 9:27am Apr 23, 2012 9:27am
Quoting tulasi
HI
i am new here ..read few glimpses of lj thread..and i thought to give a try on this method now.
its my first trade setup ..
pls point out if therz any mistakes
i thank avanish for suggesting to read this thread ..
gbpyen h4 at a good support zone ..
as fomc meeting is scheduled on wednesday i hope market may range b/w todays low and fridays high..so after this pinbar i plan to enter long
Welcome to the thread!!

Something wrong with my chart reading today. Two losers in a row. Like I said, no more trading today.

I'm not LJ, but just my two cents on your trade. (anyway, the bar you mentioned is technically not a pin bar.) Good luck with it.
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  • #1,369
  • Apr 23, 2012 9:36am Apr 23, 2012 9:36am
Quoting Balhana
Welcome to the thread!!

Something wrong with my chart reading today. Two losers in a row. Like I said, no more trading today.

I'm not LJ, but just my two cents on your trade. (anyway, the bar you mentioned is technically not a pin bar.) Good luck with it.
thanks for your thoughts..balhana
eu got good support at 3050..that may come in to play in asian session....vl ..see that tomorrow..
  • #1,370
  • Apr 23, 2012 12:50pm Apr 23, 2012 12:50pm
Quoting Balhana
Stopped out (-23 pips). Not a good start for this week.
Had a busy weekend and been busy today too and not been trading (I typically take Monday's off when approaching the summer as well as Friday afternoons).

It's not a demand zone that would have interested me as it's a) not fresh demand and b) the imbalance (i.e. breakout) of that area was not strong enough.
  • #1,371
  • Apr 23, 2012 12:55pm Apr 23, 2012 12:55pm
Quoting tulasi
HI
i am new here ..read few glimpses of lj thread..and i thought to give a try on this method now.
its my first trade setup ..
pls point out if therz any mistakes
i thank avanish for suggesting to read this thread ..
gbpyen h4 at a good support zone ..
as fomc meeting is scheduled on wednesday i hope market may range b/w todays low and fridays high..so after this pinbar i plan to enter long
Hi, welcome to the thread.

This looks tradable to me...your feed is different to mine, but I would have been going long based on the refined S/R I drew on your chart based on an FTB setup.
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  • #1,372
  • Apr 23, 2012 12:57pm Apr 23, 2012 12:57pm
Quoting lovejoy80
Hi, welcome to the thread.

This looks tradable to me...your feed is different to mine, but I would have been going long based on the refined S/R I drew on your chart based on an FTB setup.
Or as per Balhana said, didn't read his post before responding!
  • #1,373
  • Apr 23, 2012 9:37pm Apr 23, 2012 9:37pm
Quote
your feed is different to mine,
hi lovejoy ,i use daily close as 5pm newyork..
Quote
on your chart based on an FTB setup
could you please explain what is ftb setup..
thank you
  • #1,374
  • Apr 23, 2012 9:46pm Apr 23, 2012 9:46pm
short on cadjpy
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  • #1,375
  • Apr 23, 2012 9:55pm Apr 23, 2012 9:55pm
shall i go long here on usdjpy
i doubt cause trend on ltf is not in favour
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  • #1,376
  • Apr 23, 2012 10:15pm Apr 23, 2012 10:15pm
au good opportunity ahead
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  • #1,377
  • Apr 24, 2012 1:44am Apr 24, 2012 1:44am
Quoting tulasi
au good opportunity ahead
Something that is on my watchlist.
  • #1,378
  • Apr 24, 2012 1:51am Apr 24, 2012 1:51am
Quoting tulasi
hi lovejoy ,i use daily close as 5pm newyork..

could you please explain what is ftb setup..
thank you
FTB = First Time Back.

It's reference to a trading strategy of trading the first return to a broken S/R zone or S/D zone following a clear breakout forming an arc like pattern and returning to the scene of the breakout for the first time.

An example of an FTB to an S/R zone that is on my watchlist is attached below.
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  • #1,379
  • Apr 24, 2012 2:30am Apr 24, 2012 2:30am
A scalp on EU
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  • #1,380
  • Apr 24, 2012 2:33am Apr 24, 2012 2:33am
Quoting Balhana
A scalp on EU
Hit my target (+21 pips). Now going long?!
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