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  • #3,321
  • Sep 17, 2012 11:43am Sep 17, 2012 11:43am
Quoting lovejoy80
It did, check out the H1 close on the prior bar, that was the FB bar.

Price then moved higher on the next bar before dropping to my FLS and shooting straight back up again to close higher.
Oh ... ok
Human
  • #3,322
  • Sep 17, 2012 12:11pm Sep 17, 2012 12:11pm
LJ , is it a failed FTB to the SR line ?
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Human
  • #3,323
  • Sep 17, 2012 12:16pm Sep 17, 2012 12:16pm
Quoting nonethewisa
Hey LJ, do you keep your positions open overnight or do you kill them when NY closes or once they start to stall/stagnate?

Cheers
Most of my positions hit TP (or SL!) within the European or NY sessions - I don't tend to take setups that will trigger late in the day during the slow periods.

I won't automatically cut a trade though just because we are entering the slow sessions, so I am prepared to hold a trade overnight if need be, but it just doesn't happen very often.
  • #3,324
  • Sep 17, 2012 12:18pm Sep 17, 2012 12:18pm
Quoting Chanya
LJ , is it a failed FTB to the SR line ?
It's not one that I was interested in. I discussed this in the Trading Room earlier and my comments were that the SR was not clear enough - that spike last time out where price obliterated the SR says to me that the SR has lost it's ability to act as support or resistance.

1.0400 area is my main interest for the next H1, H4 TF based trade...maybe 1.0455 area too, though this is likely to get hit whilst I'm not trading.
  • #3,325
  • Sep 17, 2012 12:34pm Sep 17, 2012 12:34pm
Quoting lovejoy80
It's not one that I was interested in. I discussed this in the Trading Room earlier and my comments were that the SR was not clear enough - that spike last time out where price obliterated the SR says to me that the SR has lost it's ability to act as support or resistance.

1.0400 area is my main interest for the next H1, H4 TF based trade...maybe 1.0455 area too, though this is likely to get hit whilst I'm not trading.
Human
  • #3,326
  • Sep 17, 2012 12:59pm Sep 17, 2012 12:59pm
WTF js happend in Oil..any idea? that was huge
  • #3,327
  • Sep 17, 2012 1:05pm Sep 17, 2012 1:05pm
Quoting AvanishDemo
WTF js happend in Oil..any idea? that was huge

No idea, but heard about the move on the wires and saw the knock on affect in commod FX.

Edit: Attributed to a fat finger trade on the futures at expiry of the contract - that's all I've heard.
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  • #3,328
  • Sep 17, 2012 1:23pm Sep 17, 2012 1:23pm
Nice spike at demand.
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  • #3,329
  • Sep 17, 2012 1:34pm Sep 17, 2012 1:34pm
Closed my UJ short for 1R. Scaled out 50% @ 65 and 50% @ 73.

Considering I wasn't overly keen on the setup to start with it turned out ok.

I opted for a SL @ 99, there was a potentially tighter SL option (there were two valid SL options IMO) - given the vid on this subject and all the CADJPY examples over the weekend it should be easy to determine where the tighter SL option was...
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  • #3,330
  • Sep 17, 2012 1:38pm Sep 17, 2012 1:38pm
Quoting nonethewisa
.......in the same since 78.82, TP1 78.44, TP2 78.32....its been painfully slow

Pulled the plug on it +3
No more DOH! trades
  • #3,331
  • Sep 17, 2012 2:27pm Sep 17, 2012 2:27pm
Hi LJ,

I am new to Forex and FF, just stumbled across this thread.

Let me tell you it's looking bit complicated to start but at the same time looking much much interesting as what's there in this thread is a rare stuff.

Have heard on Demand and Supply method earlier once but with the beauty thats its getting explained here is amazing and superb. I would definately take some time and go through it step by step starting with your first post and videos from web portal.

Many thanks for having this thread active with your detailed observations/analysis/disection of information to a level which I haven't known earlier. Thanks for keeping it active.
Success is 1 % intelligence and 99% perseverance - Edison
  • #3,332
  • Sep 17, 2012 2:40pm Sep 17, 2012 2:40pm
Quoting nonethewisa
Hey Mat, ive been in the same since 78.82, TP1 78.44, TP2 78.32....its been painfully slow

Initially the pair moved away quickly then slowed down I am keeping it open looking at the 15min bars the evidence is still bearish as the bullish bars are
taking more bars to move the same distance.

Even so i would prefer it if my tp was hit, last week I patiently waited
3 days for my tp to be hit.

regard m
Constant and never ending improvement
  • #3,333
  • Sep 17, 2012 4:17pm Sep 17, 2012 4:17pm
Quoting AvanishDemo
WTF js happend in Oil..any idea? that was huge
FB
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Human
  • #3,334
  • Sep 17, 2012 4:20pm Sep 17, 2012 4:20pm
Mon: x4 trades, x3 profitable with multiple R, usdjpy at BE. (Bad management but also disliked the PA movement into S.)

Still in the Ozzie.
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  • #3,335
  • Edited Sep 18, 2012 1:50am Sep 17, 2012 4:47pm | Edited Sep 18, 2012 1:50am
Quoting 5.25
Mon: x4 trades, x3 profitable with multiple R, usdjpy at BE. (Bad management but also disliked the PA movement into S.)

Still in the Ozzie.
Correction: x5 trades. x3 on EURUSD.
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  • #3,336
  • Sep 17, 2012 7:25pm Sep 17, 2012 7:25pm
Quoting 5.25
Mon: x4 trades, x3 profitable with multiple R, usdjpy at BE. (Bad management but also disliked the PA movement into S.)

Still in the Ozzie.
Hi


Did you count that one as a ftb trade if you look to the left there is bounce at that level ??
Constant and never ending improvement
  • #3,337
  • Sep 18, 2012 12:25am Sep 18, 2012 12:25am
Well done if you held UJ longer, my NU FTB long triggered and hit TP overnight for just over 1R.
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  • #3,338
  • Sep 18, 2012 12:28am Sep 18, 2012 12:28am
Quoting ritesh_fx
Hi LJ,

I am new to Forex and FF, just stumbled across this thread.

Let me tell you it's looking bit complicated to start but at the same time looking much much interesting as what's there in this thread is a rare stuff.

Have heard on Demand and Supply method earlier once but with the beauty thats its getting explained here is amazing and superb. I would definately take some time and go through it step by step starting with your first post and videos from web portal.

Many thanks for having this thread active with your detailed observations/analysis/disection...
Thanks for the kind words.

My advice - start with the vids on my website, there is a reason I've uploaded the vids I have in the order I have.

There is a lot more tome come in the following weeks, so it's a good time to start learning.
  • #3,339
  • Sep 18, 2012 12:29am Sep 18, 2012 12:29am
Quoting Chanya
FB
Yes, that is a very nice FB.
  • #3,340
  • Sep 18, 2012 12:31am Sep 18, 2012 12:31am
Quoting 5.25
Mon: x4 trades, x3 profitable with multiple R, usdjpy at BE. (Bad management but also disliked the PA movement into S.)

Still in the Ozzie.
ok ok, no need to show off

Gotta find me some time to watch the VLTF a bit more regularly during the day.
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