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  • #1,501
  • May 2, 2012 10:55am May 2, 2012 10:55am
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
Yeah this was a good area to be looking for shorts...this is what I mean by the price action LEADING INTO the area...you can see price starting to stall on the 5min TF - if you scroll to the 1min TF you can some very nice compression right into supply followed by the typical post compression good momentum drop...then price broke the support level without a material bounce.

This is TRUE price action folks before the event...the best type of price action will tell us when price is gonna drop from supply before it happens, unfortunately most folk don't possess this knowledge or skill and have to wait for so called price action after the event.

I've uploaded a few vids to my website which go into some fundamental price action knowledge like compression, you can find the links on the first page of this thread.
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  • #1,502
  • May 2, 2012 4:58pm May 2, 2012 4:58pm
Ended the day with a simple SR FTB on Oil.
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  • #1,503
  • May 2, 2012 5:08pm May 2, 2012 5:08pm
Quoting lovejoy80
Yeah this was a good area to be looking for shorts...this is what I mean by the price action LEADING INTO the area...you can see price starting to stall on the 5min TF - if you scroll to the 1min TF you can some very nice compression right into supply followed by the typical post compression good momentum drop...then price broke the support level without a material bounce.

This is TRUE price action folks before the event...the best type of price action will tell us when price is gonna drop from supply before it happens, unfortunately most folk...
Quick follow up on what happened on EAUD FTB on the VLTF's.
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  • #1,504
  • May 2, 2012 5:17pm May 2, 2012 5:17pm
Quoting lovejoy80
..................
I've uploaded a few vids to my website which go into some fundamental price action knowledge like compression, you can find the links on the first page of this thread.
Hey LJ,
Great, great stuff these vids, I've been struggling with S/D trading for some time now, but after watching all your vids everything has become crystal clear. Thank you once again very much for making and sharing these vids for free. To be honest I find your vids better than the original vids from Sam Seiden.

May the force be with you LJ,
Pipcrawler
  • #1,505
  • May 2, 2012 6:51pm May 2, 2012 6:51pm
Hi Mark,
You've had done great job with all videos.Be honest first one before you had webinar about S/D zones wasn't that much good but these ones are absolutely outstanding as said xma.you done much better job then S.S. did.Thanks for your time and sharing your knowledge with others.

p.s.How about in future do some videos some basic about fundamental analyze,intermarket correlations etc?I hadn't see any in good quality out there.
Have a good trading.

KM
  • #1,506
  • May 2, 2012 10:36pm May 2, 2012 10:36pm
Quoting lovejoy80
Ended the day with a simple SR FTB on Oil.
Oil didn't fail on you this time

Hit my TP on EurAud when I woke up. Nice way to start a day.

-Shulhi
  • #1,507
  • May 3, 2012 11:56am May 3, 2012 11:56am
Quoting arcus
Oil didn't fail on you this time

Hit my TP on EurAud when I woke up. Nice way to start a day.

-Shulhi
Nice result on EAUD.

Ha, no Oil behaved exactly as expected, great level obvious FLR, some easy pips on this for once. Was a nice way to end the day.
  • #1,508
  • May 3, 2012 11:57am May 3, 2012 11:57am
Quoting xmzhang
Hey LJ,
Great, great stuff these vids, I've been struggling with S/D trading for some time now, but after watching all your vids everything has become crystal clear. Thank you once again very much for making and sharing these vids for free. To be honest I find your vids better than the original vids from Sam Seiden.

May the force be with you LJ,
Thanks for the comment and glad they were useful. It's pretty basic stuff but it's very powerfull.
  • #1,509
  • May 3, 2012 11:59am May 3, 2012 11:59am
Quoting kravmaga39
Hi Mark,
You've had done great job with all videos.Be honest first one before you had webinar about S/D zones wasn't that much good but these ones are absolutely outstanding as said xma.you done much better job then S.S. did.Thanks for your time and sharing your knowledge with others.

p.s.How about in future do some videos some basic about fundamental analyze,intermarket correlations etc?I hadn't see any in good quality out there.
Have a good trading.

KM
Thanks.

To be honest it's difficult to run through fundamentals and inter-market correlations on as video, I think they are better explained via text and then maybe summarised on a video, but it's quite a complicated subject for most so at the moment all my inter-market content is only available for members of my forum and trading room.
  • #1,510
  • May 3, 2012 12:10pm May 3, 2012 12:10pm
Bit of a slow day today, only one trade as per my tweet earlier I shorted CADCHF based on the big false break of the well defined SR level.

I used a tight SL @ 0.9282 as the strength of the setup strongly suggested there should be very little drawdown on this trade. This is the beauty of these types of trades - understanding the order-flow dynamics which allows use to objectively know how price should act and thus where to put our SL.

100% off at the FLS @ 0.9255 (including spread) on most accounts still in with 20% of a position on couple others (entry on the bar close @ 0.9271).

FxPro chart with the setup and open position charts below.
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  • #1,511
  • May 3, 2012 12:49pm May 3, 2012 12:49pm
Quoting lovejoy80
Bit of a slow day today, only one trade as per my tweet earlier I shorted CADCHF based on the big false break of the well defined SR level.

I used a tight SL @ 0.9282 as the strength of the setup strongly suggested there should be very little drawdown on this trade. This is the beauty of these types of trades - understanding the order-flow dynamics which allows use to objectively know how price should act and thus where to put our SL.

100% off at the FLS @ 0.9255 (including spread) on most accounts still in with 20% of a position on couple...
in my opinion such huge spiky PBs which cast a net on all stops "above the PPZ"(and not the PBs which are just the touch-n-go types) have good chances of a trade being runners.

i dont trade PBs though(except such ones).i like BEOBs more..very powerful setups.
  • #1,512
  • Edited 1:44pm May 3, 2012 1:06pm | Edited 1:44pm
here is i am watching GBPAUD 1.5826,
FTB to Gap area,never have traded such FTBs but i believe Gap can be good S-Rs,will be an interesting setup to watch..

yes aware of NFP tmrw.
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  • #1,513
  • May 3, 2012 1:43pm May 3, 2012 1:43pm
maybe this will be for next week,

EG :0.8067,don't trade SFPs like Tom though but like to trade Swings if its FTB to swing after a long time..
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  • #1,514
  • May 3, 2012 2:35pm May 3, 2012 2:35pm
Quoting AvanishDemo
in my opinion such huge spiky PBs which cast a net on all stops "above the PPZ"(and not the PBs which are just the touch-n-go types) have good chances of a trade being runners.

i dont trade PBs though(except such ones).i like BEOBs more..very powerful setups.
Yeah it wasn't the fact it was a pin bar it could have been any bar type its what's going on the false-break and combined with other features I look for in the setup.
  • #1,515
  • May 3, 2012 2:51pm May 3, 2012 2:51pm
Quoting AvanishDemo
here is i am watching GBPAUD 1.5826,
FTB to Gap area,never have traded such FTBs but i believe Gap can be good S-Rs,will be an interesting setup to watch..

yes aware of NFP tmrw.
Gaps can be good confluence for FTB's that's for sure, should be clear why this is the case if you think about what happens when a gap closes.

I'm more keen on gaps as confluence on non-fx trades though, why, because a gap on an fx chart is more likely to be just specific to that feed rather than a 'market' gap - due to the nature of the Forex market (i.e. not being a centralised market).

Here is a perfect example on FTSE100.
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  • #1,516
  • May 3, 2012 2:53pm May 3, 2012 2:53pm
Quoting AvanishDemo
maybe this will be for next week,

EG :0.8067,don't trade SFPs like Tom though but like to trade Swings if its FTB to swing after a long time..
I don't trade the weekly TF myself, but its certainly an area I'll be looking at on the LTF's
  • #1,517
  • May 3, 2012 2:59pm May 3, 2012 2:59pm
Quoting lovejoy80
Yeah it wasn't the fact it was a pin bar it could have been any bar type its what's going on the false-break and combined with other features I look for in the setup.
Here is an example of one where there was no pin or BEOB etc...
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  • #1,518
  • May 3, 2012 5:19pm May 3, 2012 5:19pm
I wasn't watching the VLTF's much this afternoon unfortunately...

...before chart on EJ 5min TF from my shared dropbox and an after chart of the reaction at this area today on the 15min TF...

...simple price action combined with knowledge of order-flow dynamics is a very powerful tool!

Just gotta make sure I check the damn chart next time and catch the trade!
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  • #1,519
  • May 4, 2012 2:10pm May 4, 2012 2:10pm
Quoting lovejoy80
Bit of a slow day today, only one trade as per my tweet earlier I shorted CADCHF based on the big false break of the well defined SR level.

I used a tight SL @ 0.9282 as the strength of the setup strongly suggested there should be very little drawdown on this trade. This is the beauty of these types of trades - understanding the order-flow dynamics which allows use to objectively know how price should act and thus where to put our SL.

100% off at the FLS @ 0.9255 (including spread) on most accounts still in with 20% of a position on couple...
The LTF setup turned into a Daily setup (as did ECAD) so took these today. Survived the NFP whipsaws (who says awareness of news doesn't matter lol!) and took profit when I saw some clear reversal signs.
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  • #1,520
  • May 4, 2012 2:12pm May 4, 2012 2:12pm
Simple FTB at a clear SD zone where a significant imbalance had originated from....this is 5m / 15min Gold.

Some nice trades this week, opportunities to make money all over the place at the moment (which is how it should be if you have the right tools), 2 very good weeks in a row for me personally as the market picks up momentum.
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