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  • #1,401
  • Apr 24, 2012 9:29am Apr 24, 2012 9:29am
Quoting lovejoy80
Yes that zone near 1.0370 is one on the watchlist.

I was looking at the zone that formed just prior to AUD CPI overnight , but don't like the close proximity of the daily s/r sitting just below.
AU short at 1.0315
Where should I get out....
Attached Image (click to enlarge)
Click to Enlarge Name: AU 15M Short 0424.png Size: 12 KB
  • #1,402
  • Apr 24, 2012 10:07am Apr 24, 2012 10:07am
i am short on both au, eu
eu targeting at prior home sales level..
Quote
AU short at 1.0315
Where should I get out...
au target the same demand zone u marked on the chart
  • #1,403
  • Apr 24, 2012 10:11am Apr 24, 2012 10:11am
Quoting tulasi
i am short on both au, eu
eu targeting at prior home sales level..

au target the same demand zone u marked on the cart
I'm not in EU, but quite interesting to me.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M Gap+Supply.png Size: 15 KB
  • #1,404
  • Apr 24, 2012 11:04am Apr 24, 2012 11:04am
I'm not in this trade, but it is one of my favorite setups.
Attached Image (click to enlarge)
Click to Enlarge Name: NU Bull Trap.jpg Size: 90 KB
  • #1,405
  • Apr 24, 2012 11:23am Apr 24, 2012 11:23am
Quoting tulasi
i am short on both au, eu
eu targeting at prior home sales level..

au target the same demand zone u marked on the chart
Closed 1/2 at 1.0295 (+20 pips), moved SL to BE+1, and let the second lot run.
  • #1,406
  • Apr 24, 2012 11:55am Apr 24, 2012 11:55am
Closed the second lot at 1.0290 (+45 pips in total) because I need to go to bed. It is 1:50am in my country...
Will be busy tomorrow for my job.
  • #1,407
  • Apr 24, 2012 4:18pm Apr 24, 2012 4:18pm
Quoting Balhana
AU short at 1.0315
Where should I get out....
Nice one, I need to start trading these on a different broker as my main broker (Oanda) is not suitable for trades with tight SL's around news time as the spreads blow out.
  • #1,408
  • Apr 24, 2012 4:21pm Apr 24, 2012 4:21pm
Quoting Balhana
I'm not in this trade, but it is one of my favorite setups.
Yeah was a decent Bull Trap - not as obvious as the one on NJ though...

NU hit the same supply zone that AU did, similar setups with the false break as confirmation to expect further moves down.

No surprise where NU met demand...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nj.gif Size: 20 KB
Click to Enlarge Name: nu.gif Size: 21 KB
  • #1,409
  • Apr 24, 2012 4:32pm Apr 24, 2012 4:32pm
I don't trade Bund myself...but this setup worked out well today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Bund-1HR.jpg Size: 65 KB
Click to Enlarge Name: bund1.gif Size: 16 KB
  • #1,410
  • Apr 24, 2012 4:42pm Apr 24, 2012 4:42pm
Simple FTB to 5min S/D zones...

I took the 1st but was looking for bigger fish so took a BE and the second was around news time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ-5min.png Size: 19 KB
Click to Enlarge Name: aj2.gif Size: 23 KB
  • #1,411
  • Apr 24, 2012 9:38pm Apr 24, 2012 9:38pm
Quoting lovejoy80
Simple FTB to 5min S/D zones...

I took the 1st but was looking for bigger fish so took a BE and the second was around news time.
Hi LJ,
I was looking at this too (setup at around 17.05 GMT). I only have 1 supply zone drawn, can u explain how u came abt with the top narrow ss zone?

If it wasn't around news time, may i know wld u have entered at the top narrow ss zone or the one below? And how wld u place your stop?

A few questions regarding the way you annotate the charts so I can understand it better:

grey zone?

purple zone? - i believe this is the ss/dd zone

purple dotted line?

blue dotted line?

Thanks
  • #1,412
  • Apr 25, 2012 3:09am Apr 25, 2012 3:09am
Quoting Fx7877
Hi LJ,
I was looking at this too (setup at around 17.05 GMT). I only have 1 supply zone drawn, can u explain how u came abt with the top narrow ss zone?

If it wasn't around news time, may i know wld u have entered at the top narrow ss zone or the one below? And how wld u place your stop?

A few questions regarding the way you annotate the charts so I can understand it better:

grey zone?

purple zone? - i believe this is the ss/dd zone

purple dotted line?

blue dotted line?

Thanks

Grey and Blue most of the time will indicated a HTF SD zone or SR zone

Purple the same but for LTF.

Well both zones are S/D zones aren't they - i.e. there is has been a significant imbalance in supply/demand within these zones causing a high momentum breakout - in this case supply exceeding demand.

I didn't trade the higher level as it was around news time, entry would typically go below the consolidation SL above the high, but for the upper S/D zone there was a) news and b) an S/R just above so it would have made sense for a SL to be placed above this .

You can see my open trade from yesterday here i.e. with entry and SL.

http://my.jetscreenshot.com/10710/20120424-gzhe-75kb
  • #1,413
  • Apr 25, 2012 3:43pm Apr 25, 2012 3:43pm
Three LTF S/D zones identified before the event for FTB trades...

BEFORE:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uchf 5min sd.gif Size: 20 KB
Click to Enlarge Name: CADJPY - 5min SD Zone.jpg Size: 100 KB
Click to Enlarge Name: gu 5min sd.gif Size: 19 KB
  • #1,414
  • Apr 25, 2012 3:47pm Apr 25, 2012 3:47pm
Quoting lovejoy80
Three LTF S/D zones identified before the event for FTB trades...

BEFORE:
AFTER:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uchf2.gif Size: 24 KB
Click to Enlarge Name: cj2.gif Size: 32 KB
Click to Enlarge Name: gu2.gif Size: 24 KB
  • #1,415
  • Apr 25, 2012 4:32pm Apr 25, 2012 4:32pm
Another FTB setup that just recently occurred.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU-30min.jpg Size: 123 KB
Click to Enlarge Name: au2.gif Size: 26 KB
  • #1,416
  • Apr 26, 2012 3:11am Apr 26, 2012 3:11am
hi lj..what do u think about this sd zone 3340..on eu h1
can u pls share some sdzone examples ,you have taken in longer time frames..recently
Attached Image (click to enlarge)
Click to Enlarge Name: eu1hr.gif Size: 24 KB
  • #1,417
  • Apr 26, 2012 4:33am Apr 26, 2012 4:33am
UC long at 0.9810. Dollar Index is also bouncing from the significant demand zone, IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: UC Daily 0426.png Size: 16 KB
  • #1,418
  • Apr 26, 2012 4:58am Apr 26, 2012 4:58am
Quoting tulasi
hi lj..what do u think about this sd zone 3340..on eu h1
can u pls share some sdzone examples ,you have taken in longer time frames..recently
It looks good to me, I'll go into more detail on it over lunch - cos there are some possibilities with this.

I don't tend to trade HTF SD zones - IMO its best to zoom in and pinpoint the zone to a precise level.

I prefer SR levels on 1HR and 4HR and SD zones below these TF's.
  • #1,419
  • Apr 26, 2012 5:00am Apr 26, 2012 5:00am
Quoting Balhana
UC long at 0.9810. Dollar Index is also bouncing from the significant demand zone, IMO.
Well spotted!
  • #1,420
  • Apr 26, 2012 5:25am Apr 26, 2012 5:25am
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.
Shorted EU at 1.3251, closed 1/2 at 1.3220 (+31 pips) and moved SL to BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H 0426.png Size: 129 KB
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