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  • #3,341
  • Sep 18, 2012 12:54am Sep 18, 2012 12:54am
Very nice Boxing . Could be nice as a BO and FTB I guess ?
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Human
  • #3,342
  • Sep 18, 2012 1:00am Sep 18, 2012 1:00am
LJ , I just noticed in the first post that you wrote that FTB is not an Immediate retest . Does that mean that even if an immediate retest occurred , setup would still be valid for FTB with a curved retest ?
Human
  • #3,343
  • Sep 18, 2012 1:55am Sep 18, 2012 1:55am
Quoting Chanya
LJ , I just noticed in the first post that you wrote that FTB is not an Immediate retest . Does that mean that even if an immediate retest occurred , setup would still be valid for FTB with a curved retest ?

Yes it would still be valid if price had a retest - price has an immediate retest a high % of the time at a breakout, some of the time you won't see it on H1 as it will occur on M5 for example.

But as long as the immediate retest is that, a quick test and quick move away and not price hanging around the breakout area for a while or having multiple retests it is fine.
  • #3,344
  • Sep 18, 2012 1:56am Sep 18, 2012 1:56am
Quoting Chanya
LJ , I just noticed in the first post that you wrote that FTB is not an Immediate retest . Does that mean that even if an immediate retest occurred , setup would still be valid for FTB with a curved retest ?
Immediate retest did occur but still a valid curved-FTB setup imo.
just waiting for the curve to happen
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  • #3,345
  • Sep 18, 2012 2:31am Sep 18, 2012 2:31am
Quoting Chanya
Very nice Boxing . Could be nice as a BO and FTB I guess ?
Yes, price is being constrained by support and a supply zone just above.

Not a pair I follow closely but either pre-empting a breakout on VLTF, false breakout or break out + FTB are options here.
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  • #3,346
  • Sep 18, 2012 2:33am Sep 18, 2012 2:33am
Quoting AvanishDemo
Immediate retest did occur but still a valid curved-FTB setup imo.
just waiting for the curve to happen
Yep I have this marked along with the lower SR level @ 37.

That's if EAUD comes back any time soon...
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  • #3,347
  • Sep 18, 2012 2:40am Sep 18, 2012 2:40am
Quoting lovejoy80
Well done if you held UJ longer, my NU FTB long triggered and hit TP overnight for just over 1R.

Unfortunately i pulled the plug on UJ last night, but it fell 4 pips short of my TP1 of 78.44 anyway, so im not too disappointed. Well done to those who stuck with it
No more DOH! trades
  • #3,348
  • Sep 18, 2012 3:09am Sep 18, 2012 3:09am
Quoting lovejoy80
Well done if you held UJ longer, my NU FTB long triggered and hit TP overnight for just over 1R.

Great example of strong ma and neat level from a key pp for any body new to supply and demand trading, unfortunately I did not have that pair on my platform
Constant and never ending improvement
  • #3,349
  • Sep 18, 2012 3:44am Sep 18, 2012 3:44am
LJ , Sorry for a lot of questions bud ...

Here is a setup forming that is almost exactly the same as we discussed over the weekend of CAD JPY H4 ... The one with two lines at the bottom of the supply and two at the top and then going to LTF and analysing ... I tried to reapply the concept but got stuck ... How to do it here ???
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Human
  • #3,350
  • Sep 18, 2012 3:53am Sep 18, 2012 3:53am
Quoting Chanya
LJ , Sorry for a lot of questions bud ...

Here is a setup forming that is almost exactly the same as we discussed over the weekend of CAD JPY H4 ... The one with two lines at the bottom of the supply and two at the top and then going to LTF and analysing ... I tried to reapply the concept but got stuck ... How to do it here ???
Slightly trickier due to the gap that occurred before the drop, but here is how I analysed this one (it's one I'm looking to trade). M15 and M1 TF charts below.
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  • #3,351
  • Sep 18, 2012 4:13am Sep 18, 2012 4:13am
Quoting lovejoy80
Slightly trickier due to the gap that occurred before the drop, but here is how I analysed this one (it's one I'm looking to trade). M15 and M1 TF charts below.
Cant the stop loss go above the exact decision point where we are basing our trade upon ? If we place our stops above the other decision point , that would make our stops above 40 pips ... Tough RR to cover up ...
Human
  • #3,352
  • Sep 18, 2012 4:52am Sep 18, 2012 4:52am
Quoting Chanya
Cant the stop loss go above the exact decision point where we are basing our trade upon ? If we place our stops above the other decision point , that would make our stops above 40 pips ... Tough RR to cover up ...

It can, but I would also consider that price doesn't always turn on a dime, it may overshoot slightly before turning - so for example if we say we expect price to turn at that 2nd higher decision level then it might overshoot slightly and thus why a SL just above that consolidation zone for me would make sense.

Plus sudden news, spreads widening, slippage, different broker feeds and all that malarky need to be considered and factored in.
  • #3,353
  • Sep 18, 2012 6:06am Sep 18, 2012 6:06am
Looking at AUD USD FTB ?
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Human
  • #3,354
  • Sep 18, 2012 7:13am Sep 18, 2012 7:13am
Quoting Chanya
Looking at AUD USD FTB ?
Yes AU is one on the radar.

Missed this setup this morning on CADJPY - FTB at an RBR which lead to a bear trap of the SR just above (as mentioned on twitter).
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  • #3,355
  • Sep 18, 2012 7:15am Sep 18, 2012 7:15am
Going back to GAUD and decision points generally now I've got a little more time, look where GAUD reacted (before and after on M1).

Same with ACAD setup (after is top right).
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  • #3,356
  • Sep 18, 2012 7:17am Sep 18, 2012 7:17am
This is the actual setup on ACAD. Not a pair I'd be risking the house on but worth a position IMO.
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  • #3,357
  • Sep 18, 2012 7:43am Sep 18, 2012 7:43am
101.00 is the SR level potential FTB trade

any thoughts

m
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Constant and never ending improvement
  • #3,358
  • Sep 18, 2012 7:51am Sep 18, 2012 7:51am
Quoting Chanya
Looking at AUD USD FTB ?
Hi

just below the bo is 15 min level at 03789 with a good
move away looks like the area where the decision was made to bo

your thoughts ?
Constant and never ending improvement
  • #3,359
  • Sep 18, 2012 7:56am Sep 18, 2012 7:56am
Quoting matk
Hi

just below the bo is 15 min level at 03789 with a good
move away looks like the area where the decision was made to bo

your thoughts ?

I have it a little higher on 1.0396 on the M5

Perhaps both are valid and maybe LJ could confirm?
No more DOH! trades
  • #3,360
  • Sep 18, 2012 9:31am Sep 18, 2012 9:31am
hi guys,

any comment and advise....
USDHUF .... on 1hr tf

thxs
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