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  • #3,221
  • Sep 11, 2012 4:11pm Sep 11, 2012 4:11pm
x2 trades today.

audusd 1h: scaled out as price hit target of 1.04 and them some for 2R.

eurusd 5m: quite a bit going on in this chart. If well managed could have been a 10R trade or 20R if one is able to pick the days high. (Not that I did lol)

Rounded FTB of 1.27688 S/R level with good compression and momentum before retest. FTA at trendline and S area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 388_audusd 1h.jpg Size: 65 KB
Click to Enlarge Name: 388_eurusd m5.jpg Size: 80 KB
  • #3,222
  • Sep 11, 2012 4:15pm Sep 11, 2012 4:15pm
Quoting lovejoy80
Here is a trade I took earlier, simple SR FTB on EURSGD. Gotta be a bit careful on exotics and crosses at times, but they still present some good setups from time to time.
I used to trade this pair quite a bit a while back. Found that it was a pretty reliable exotic.
  • #3,223
  • Sep 11, 2012 4:39pm Sep 11, 2012 4:39pm
very informative ,and helpfull form thx a lot lovely
  • #3,224
  • Sep 11, 2012 4:42pm Sep 11, 2012 4:42pm
Quoting 5.25
x2 trades today.

audusd 1h: scaled out as price hit target of 1.04 and them some for 2R.

eurusd 5m: quite a bit going on in this chart. If well managed could have been a 10R trade or 20R if one is able to pick the days high. (Not that I did lol)

Rounded FTB of 1.27688 S/R level with good compression and momentum before retest. FTA at trendline and S area.
Yes what a pity, that retest completed a QM on the 1m-TF
Pipcrawler
  • #3,225
  • Sep 11, 2012 4:47pm Sep 11, 2012 4:47pm
Just one trade for me today, EJ beartrap on the 3H-TF, entry was on the 10m-TF via a 10m-PB pullback at PPZ 9981, closed @ BRN 10000
Attached Image (click to enlarge)
Click to Enlarge Name: xmz2.jpg Size: 161 KB
Pipcrawler
  • #3,226
  • Sep 11, 2012 4:55pm Sep 11, 2012 4:55pm
Quoting lovejoy80
I was out of action most of the afternoon but also caught this one this morning. Spike above the channel into supply - rejection + close back below on M5.

As mentioned yesterday it's a classic sign of Pro money - spikes into supply + instance rejection. That's real price action for you.
No Doubt! Starting to appreciate this tidy little setup big time

On the subject of EURSGD, would you have considered this had you been around?
Attached Image (click to enlarge)
Click to Enlarge Name: eursgd_30m_ftb@d.jpg Size: 86 KB
Progress, not perfection
  • #3,227
  • Sep 11, 2012 4:56pm Sep 11, 2012 4:56pm
Quoting lovejoy80
The EU setup was a good one, clear compression into a strong demand zone.

USDx is certainly looking heavy and looking to close below daily demand on my feed.
Thanks Mark
Progress, not perfection
  • #3,228
  • Sep 11, 2012 5:01pm Sep 11, 2012 5:01pm
Quoting xmzhang
Yes what a pity, that retest completed a QM on the 1m-TF
Are you able to annotate a chart? I'm poor at spotting them even when you tell me it's there!

Now, if only I would have kept this one open also. Would have been a 100R trade. Bad mind set I know.

Quoting 5.25
EURUSD 1m chart. Compression into D, FTB straight into NY open...
  • #3,229
  • Sep 11, 2012 5:07pm Sep 11, 2012 5:07pm
Quoting FX_Neil
No Doubt! Starting to appreciate this tidy little setup big time

On the subject of EURSGD, would you have considered this had you been around?
I'm not LJ, but I'd be all over that. Nice arc pattern, compression and rush into demand.
  • #3,230
  • Sep 11, 2012 5:25pm Sep 11, 2012 5:25pm
Quoting 5.25
I'm not LJ, but I'd be all over that. Nice arc pattern, compression and rush into demand.
Cool!

Arc pattern, not heard that one before?

Rush into demand - is this the spike into demand?
Progress, not perfection
  • #3,231
  • Sep 11, 2012 5:37pm Sep 11, 2012 5:37pm
Quoting FX_Neil
No Doubt! Starting to appreciate this tidy little setup big time

On the subject of EURSGD, would you have considered this had you been around?
Yes definitely - I wouldn't have seen it though as I don't tend to look at pairs like this that often - I scroll through them once a day mainly looking at daily, H4, H1 TF's - mainly for FTB setups (for example the H1 FTB setup I saw last night, planned the trade and had the orders ready etc) but occasionally for obvious key supply / demand areas to be watching etc...so this one would not have hit my radar.

But, it is a good FTB setup to a RBR - an RBR that was responsible for the move up to the SR above and the eventual breakout i.e. a key decision area.
  • #3,232
  • Sep 11, 2012 5:41pm Sep 11, 2012 5:41pm
Quoting FX_Neil
Cool!

Arc pattern, not heard that one before?

Rush into demand - is this the spike into demand?
Yes it is the spike into demand - it is also referred to as a liquidity spike, why, because a move like that is because of a lack of liquidity in this range. Price moves because of a supply exceeding demand imbalance - if it moves fast there is a lack of buy side liquidity in this space - so price is always moving to find liquidity etc.

The Arc pattern is the general premise of an FTB setup -we look for an arc like return back into an SR / SD zone - it distinguishes it from a more immediate retest approach.
  • #3,233
  • Sep 11, 2012 5:44pm Sep 11, 2012 5:44pm
Quoting 5.25
Are you able to annotate a chart? I'm poor at spotting them even when you tell me it's there!

Now, if only I would have kept this one open also. Would have been a 100R trade. Bad mind set I know.
This is the M1 QM...
Attached Image (click to enlarge)
Click to Enlarge Name: EU M1 QM.png Size: 45 KB
  • #3,234
  • Sep 12, 2012 1:50am Sep 12, 2012 1:50am
Would you consider this as a sup area for intraday action ?

S after reching 1441 level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-12_08-48_SP500_h4.png Size: 32 KB
  • #3,235
  • Sep 12, 2012 2:18am Sep 12, 2012 2:18am
Quoting lovejoy80
This is the M1 QM...
Thanks, all is clear

EJ hits target
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 389_eurjpy m15.jpg Size: 85 KB
Click to Enlarge Name: 389_eurjpy m5.jpg Size: 77 KB
  • #3,236
  • Sep 12, 2012 5:10am Sep 12, 2012 5:10am
Quoting 5.25
Thanks, all is clear

EJ hits target
Well done sir
Pipcrawler
  • #3,237
  • Sep 12, 2012 5:44am Sep 12, 2012 5:44am
Hello guys,

I have that area marked for a long time now .... Lets see if we can get some interesting PA here in coming days/weeks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12-09-2012 EURUSD 1400.jpg Size: 74 KB
Click to Enlarge Name: 12-09-2012 EURUSD 1300.jpg Size: 73 KB
  • #3,238
  • Sep 12, 2012 7:07am Sep 12, 2012 7:07am
Quoting Dariusz
Would you consider this as a sup area for intraday action ?

S after reching 1441 level.
Yes this whole weekly TF area is what I'd be watching - its hard to see a lot of detail back so far so I'd just be watching PA in the current area.
Attached Image (click to enlarge)
Click to Enlarge Name: ep.jpg Size: 96 KB
  • #3,239
  • Sep 12, 2012 11:38am Sep 12, 2012 11:38am
Quoting Greenhaze
Hello guys,

I have that area marked for a long time now .... Lets see if we can get some interesting PA here in coming days/weeks.
Yes, I've got the same area marked...key decision area that one, will be watching closely.
  • #3,240
  • Sep 12, 2012 11:42am Sep 12, 2012 11:42am
Three trades for me today, just some simple FTB's from the Trading Room.

Before and after charts below. +3.35R across all 3 for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ H1 1.jpg Size: 80 KB
Click to Enlarge Name: GJ H1 2.png Size: 25 KB
Click to Enlarge Name: EG H4 1.jpg Size: 107 KB
Click to Enlarge Name: EG H4 2.jpg Size: 75 KB
Click to Enlarge Name: GNZD H1 1.jpg Size: 78 KB
Click to Enlarge Name: GNZD H1 2.jpg Size: 59 KB
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