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  • #1,481
  • May 2, 2012 7:13am May 2, 2012 7:13am
Quoting Balhana
News-driven rally vs. News-driven drop

Some bounce at the gap which we can catch? I'm not sure...
Seen the power of Gap 1. What about Gap 2?
Attached Image (click to enlarge)
Click to Enlarge Name: UC 15M Gap 2.png Size: 14 KB
  • #1,482
  • May 2, 2012 7:21am May 2, 2012 7:21am
I took the FTB long trade at the lower level mentioned in the chart below.

Entry @ 5762, SL @ 5750. took 75% off @ 5778 then the other 25% @ 5774 ahead of ADP news - result +1.25R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTSE-1HR.jpg Size: 103 KB
Click to Enlarge Name: ftse2.gif Size: 22 KB
  • #1,483
  • May 2, 2012 7:44am May 2, 2012 7:44am
Long EUR/AUD at 1.2731 with a SL at 1.2705.
Attached Image (click to enlarge)
Click to Enlarge Name: EA 15M Long.png Size: 14 KB
  • #1,484
  • May 2, 2012 7:49am May 2, 2012 7:49am
Quoting Balhana
Seen the power of Gap 1. What about Gap 2?
hi balhana..
thats not a gap actually..
its a demand zone..thats the reason for a win trade there , i think..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 51 KB
  • #1,485
  • May 2, 2012 7:54am May 2, 2012 7:54am
Quoting Balhana
Long EUR/AUD at 1.2731 with a SL at 1.2705.
where is the tp?
  • #1,486
  • May 2, 2012 7:59am May 2, 2012 7:59am
Quoting tulasi
where is the tp?
TP at 1.2770
  • #1,487
  • May 2, 2012 8:02am May 2, 2012 8:02am
Quoting tulasi
hi balhana..
thats not a gap actually..
its a demand zone..thats the reason for a win trade there , i think..
Because of different price feeds, I guess.
  • #1,488
  • May 2, 2012 8:11am May 2, 2012 8:11am
Quoting Balhana
TP at 1.2770
that will be a sure win...nice pick
  • #1,489
  • May 2, 2012 9:01am May 2, 2012 9:01am
Quoting Balhana
Long EUR/AUD at 1.2731 with a SL at 1.2705.
I don't look at this pair below H4...but you got in a bit early didn't you? Why not at the zone marked lower?

Nice TP, looking like its getting there.
Attached Image (click to enlarge)
Click to Enlarge Name: EAUD.png Size: 21 KB
  • #1,490
  • May 2, 2012 9:07am May 2, 2012 9:07am
Quoting tulasi
that will be a sure win...nice pick
Closed 2/2 at 1.2770 (+78 pips in total), as tulasi expected.

Tempted to go short...
Attached Image (click to enlarge)
Click to Enlarge Name: EA 15M Long Update.png Size: 15 KB
  • #1,491
  • May 2, 2012 9:26am May 2, 2012 9:26am
Quoting Balhana
Closed 2/2 at 1.2770 (+78 pips in total), as tulasi expected.

Tempted to go short...
Personally I'd wait for price action myself...the lead into the area was pretty aggressive...in that price didn't stop from that demand zone...not what I'd want to be seeing if looking for a short. A quick spike into the area would be fine but not a move like that from a decent distance away.
  • #1,492
  • Edited 10:21am May 2, 2012 9:28am | Edited 10:21am
Quoting lovejoy80
I don't look at this pair below H4...but you got in a bit early didn't you? Why not at the zone marked lower?

Nice TP, looking like its getting there.

If you look at 1H chart, it was a 1H FTB setup. But I decided to see some price actions. It means I got in a bit late after getting a confirmation. Please take a look at my 5M chart.

EDIT: engulfed by 15M BUOB., not by 1H BUOB (on the atthaced chart)
Attached Image (click to enlarge)
Click to Enlarge Name: EA 5M.png Size: 77 KB
  • #1,493
  • May 2, 2012 9:43am May 2, 2012 9:43am
Quoting Balhana
If you look at 1H chart, it was a 1H FTB setup. But I decided to see some price actions. It means I got in a bit late after getting a confirmation. Please take a look at my 5M chart.

EDIT: engulfed by 15M BUOB., 1H BUOB (on the atthaced chart)

Shorted EA at 1.2780 for a scalp. My manual target is 1.2755+ 5.1 pip (spread), so 1.2760ish. SL @ 1.2797
Attached Image (click to enlarge)
Click to Enlarge Name: EA 15M Scalp.png Size: 11 KB
  • #1,494
  • May 2, 2012 10:05am May 2, 2012 10:05am
Quoting Balhana
Shorted EA at 1.2780 for a scalp. My manual target is 1.2755+ 5.1 pip (spread), so 1.2760ish. SL @ 1.2797
Moved SL to BE+6.
  • #1,495
  • May 2, 2012 10:09am May 2, 2012 10:09am
Quoting Balhana
Moved SL to BE+6.
Closed 1/1 at 1.2765 (+15 pips).
  • #1,496
  • May 2, 2012 10:19am May 2, 2012 10:19am
Quoting Balhana
Closed 1/1 at 1.2765 (+15 pips).

Hit my initial target. got out a bit early.
  • #1,497
  • May 2, 2012 10:23am May 2, 2012 10:23am
Great trade Balhana! Charts look good
DM if you have any questions
  • #1,498
  • May 2, 2012 10:28am May 2, 2012 10:28am
Quoting lovejoy80
I took the FTB long trade at the lower level mentioned in the chart below.

Entry @ 5762, SL @ 5750. took 75% off @ 5778 then the other 25% @ 5774 ahead of ADP news - result +1.25R
UK100SB?? I have no idea what it is.... But nice trade, as always!!!
  • #1,499
  • May 2, 2012 10:32am May 2, 2012 10:32am
Quoting jkrick33
Great trade Balhana! Charts look good
Thanks!! Time to go to bed. Sometimes I doze off at work.
  • #1,500
  • May 2, 2012 10:42am May 2, 2012 10:42am
Quoting Balhana
UK100SB?? I have no idea what it is.... But nice trade, as always!!!
Its FTSE 100 rolling daily
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