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  • #3,481
  • Sep 23, 2012 10:37am Sep 23, 2012 10:37am
Quoting xmzhang
Mark, thanx for uploading the FTB-vid, good stuff as usual
Crikey, you guys must have seen it before I'd finished formatting the post and categories lol.

Yep, new video on my website - Part 1 of 3 describing the FTB Trading Strategy.

Part 2 to follow at some point during the week.
  • #3,482
  • Edited 10:51am Sep 23, 2012 10:41am | Edited 10:51am
Quoting mmaker
I'm very new to this method, in fact, I came from the dark side of indicators-filled charting systems and automated trading robots. I want to learn this method.

I hope I don't come across as offending or troublemaking, but can anyone tell me if this style is similar or different or improvement or variation of the following that I've heard of in the past?

- James16 Group
- Sam Seiden's Supply/Demand
- Lance Beggs' YourTradingCoach.com
Hi MMaker

I cannot speak for LJ but in my own opinion much of the material here and the aforementioned sites are similar in terms of trading concepts and strategies but they have never been explained to the level of detail as they are here. The REAL skill comes down to APPLICATION. LJ is one of those few traders that can and has applied it, made it his own and has become profitable doing so.

Experience in this business counts for a lot, LJ has obviously accumulated enough to become a credible mentor in his own right and not just a Sam Seiden franchise. It is easier to sell a trading stratergy than it is trading one profitably.

Hope this helps.


PS. Remove all indicators.
  • #3,483
  • Sep 23, 2012 11:43am Sep 23, 2012 11:43am
Quoting 5.25
Hi MMaker
I cannot speak for LJ but in my own opinion much of the material here and the aforementioned sites are similar in terms of trading concepts and strategies but they have never been explained to the level of detail as they are here. The REAL skill comes down to APPLICATION. LJ is one of those few traders that can and has applied it, made it his own and has become profitable doing so.
Experience in this business counts for a lot, LJ has obviously accumulated enough to become a credible mentor in his own right and not just a Sam Seiden franchise....
I agree and that's why I'm here. I'm willing to learn but I had to start somewhere ..... the James16 Group threads were way into hundreds of thousands of posts for me to find the beginning. Sam Seiden of OnlineTradingAcademy had many freely available videos as well as leaked private videos from his XLT (Extended Learning Track) courses, again I have to start from the very beginning. Lance Beggs's YTC-PAT and YTC-Scalper had over 600 pages pdf to read through and the pace was tediously too slow for me.

I found LJ Forex Group and instantly liked it. I'm not a member of TheTradersGuild site yet so I hope I can start from the videos at post#1 and catch up with you guys by next week. I really want to learn this.
No longer trading forex. Looking for full time job.
  • #3,484
  • Sep 23, 2012 12:13pm Sep 23, 2012 12:13pm
Quoting mmaker
I agree and that's why I'm here. I'm willing to learn but I had to start somewhere ..... the James16 Group threads were way into hundreds of thousands of posts for me to find the beginning. Sam Seiden of OnlineTradingAcademy had many freely available videos as well as leaked private videos from his XLT (Extended Learning Track) courses, again I have to start from the very beginning. Lance Beggs's YTC-PAT and YTC-Scalper had over 600 pages pdf to read through and the pace was tediously too slow for me.

I found LJ Forex Group and instantly liked...

I found YTC-PAT very interesting, put requires great experience in reading every swing at S/R or range limit. every move should be considered... this require tons of learning to master. LJ concept of supply and demand anatomy is very logical and objective.... still requires deep understanding and practice..I found it easier to grap, as it takes out unknown reasons of PA standard method.... there is no magical pin bars on S/R and so on.... but logical analysis....
Best regards.
  • #3,485
  • Sep 23, 2012 1:07pm Sep 23, 2012 1:07pm
Quoting mmaker
I'm very new to this method, in fact, I came from the dark side of indicators-filled charting systems and automated trading robots. I want to learn this method.

I hope I don't come across as offending or troublemaking, but can anyone tell me if this style is similar or different or improvement or variation of the following that I've heard of in the past?

- James16 Group
- Sam Seiden's Supply/Demand
- Lance Beggs' YourTradingCoach.com
What I aim to do is to bridge the gap between the professional price action trader and a typical retail price action trader. The main two 'gaps' that need bridging in my experience are knowledge and mindset.

For example the typical retail price action is entering late into a move and over obsessed with price and bar patterns together with subjective reasoning. A retail trader is generally looking to join a move late and is scared of going against trend like moves.

Part of this comes down to mindset and part of this comes down to gaps in knowledge - supply/demand, market participants and order-flow dynamics to be more precise.

Whilst Sam Seiden teaches an FTB strategy around SD zones, he's done something that is typical of vendors looking to make as much money as possible from selling a service. He's packaged it together as a completely rule based / mechanical system and sold it for $1,000's, something I have little respect for as I know a mechanical system is an inefficient approach to price action trading.

It is also only a small part of the overall price action picture and thus only represents a part of what I teach - the difference with this specific strategy is I approach it with objective view point (over a rule based method) and incorporate SR zones (and I don't charge $1,000's to learn it!). Hence why I can find 26 obvious FTB setups in September alone which have resulted in 23 winners. A rule based system is inefficient because it won't consider what is happening here and now and thus requires a large degree of 'pickiness' which decreases trade frequency which in turn decreases expectancy...

The type of analysis in this post is what I would call professional price action trading - which is IMO not the type of analysis you'll find elsewhere.

I've never heard of the last person you mention.
  • #3,486
  • Sep 23, 2012 1:33pm Sep 23, 2012 1:33pm
Good evening

Here is one that may trigger today or tomorrow

We have as per LJ's recent vid a good move away and 26 plus bars space
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min nzd usd.jpg Size: 103 KB
Constant and never ending improvement
  • #3,487
  • Sep 23, 2012 1:51pm Sep 23, 2012 1:51pm
I am having a error while trying to access the videos ... Below is the screen shot of the error ... If anybody knows the solution or having the same problem , kindly help me out to fix this ...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 147 KB
Human
  • #3,488
  • Sep 23, 2012 2:18pm Sep 23, 2012 2:18pm
Quoting Chanya
I am having a error while trying to access the videos ... Below is the screen shot of the error ... If anybody knows the solution or having the same problem , kindly help me out to fix this ...
No idea what the problem is and can't replicate it myself.

Have you tried clicking on the link underneath the video which will you to view it directly on the Daily Motion website i.e. this link:

http://www.dailymotion.com/video/xtt...k-part1_school
  • #3,489
  • Sep 23, 2012 3:16pm Sep 23, 2012 3:16pm
Given the current topic of FTBs, here's a couple on my watch list on silver. These are S/R levels not SD zones.
Attached Image (click to enlarge)
Click to Enlarge Name: 414 silver h4.jpg Size: 82 KB
  • #3,490
  • Sep 23, 2012 3:26pm Sep 23, 2012 3:26pm
Quoting lovejoy80
No idea what the problem is and can't replicate it myself.

Have you tried clicking on the link underneath the video which will you to view it directly on the Daily Motion website i.e. this link:

http://www.dailymotion.com/video/xtt...k-part1_school
It had something to do with my proxy ... Dailymotion is blocked of sort or something ... Anyways , I managed to overcome the proxy and gonna see the vid now ... Thanks ... Will be waiting for the rest bro ... TC
Human
  • #3,491
  • Sep 23, 2012 3:28pm Sep 23, 2012 3:28pm
lovely or 5.25 i know sd zones are the same zones on all tf , but on daily or weekly tf can we assume it can be stronger than lower tf?
  • #3,492
  • Sep 23, 2012 3:30pm Sep 23, 2012 3:30pm
Quoting extremerrage
lovely or 5.25 i know sd zones are the same zones on all tf , but on daily or weekly tf can we assume it can be stronger than lower tf?
You have to zoom into them , means go into lower time frames and look at their origins in the LTF ... Those could be stronger then the one that only exist in LTF ... LJ could explain better ...
Human
  • #3,493
  • Sep 23, 2012 3:34pm Sep 23, 2012 3:34pm
well chan thats what am practicing actually, and hope lovley for sure can direct me throught ..
  • #3,494
  • Sep 23, 2012 3:40pm Sep 23, 2012 3:40pm
one of my setups that I'll be watch'n is an Ozzie 20mTF-QM scenario, my ideal entry would be a bulltrap @ S/R 10480-ish to trigger that QM. Lets see ........
Attached Image (click to enlarge)
Click to Enlarge Name: xmz0.jpg Size: 154 KB
Pipcrawler
  • #3,495
  • Sep 23, 2012 4:14pm Sep 23, 2012 4:14pm
Quoting extremerrage
well chan thats what am practicing actually, and hope lovley for sure can direct me throught ..
Hi

here is an example of a set up daily 4hr and 15 min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily eur cad.jpg Size: 80 KB
Click to Enlarge Name: 4hr eur cad.jpg Size: 79 KB
Constant and never ending improvement
  • #3,496
  • Sep 23, 2012 4:20pm Sep 23, 2012 4:20pm
Quoting extremerrage
well chan thats what am practicing actually, and hope lovley for sure can direct me throught ..
Here are the 1hr and 15 min charts zoomed into the daily level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15 min eur cad.jpg Size: 95 KB
Click to Enlarge Name: 1hr eur cad.jpg Size: 94 KB
Constant and never ending improvement
  • #3,497
  • Sep 23, 2012 4:50pm Sep 23, 2012 4:50pm
appreciate that matk thx a lot buddy,
  • #3,498
  • Edited Sep 24, 2012 3:36am Sep 23, 2012 6:58pm | Edited Sep 24, 2012 3:36am
Quoting lovejoy80
Yes, order-flow is not static it is dynamic i.e. orders at price levels are constantly changing.



If you take a look at H1, what can you determine about the strength of selling versus buying since price hit the higher DBD...

If you look at M5 when price hit the FTB long entry, what does the PA tell us, what do we expect in terms of PA at an FTB area...

The above can give us clues to what to expect from our FTB setup in terms of targets and also warn us when the setup it looking likely to fail (i.e. when in the trade).

Time of day does make...
Mark, thanks for the detailed reply re the UCad ftb.
This is a shot of the M5 approach to the level I marked
http://screencast.com/t/ZHwkUlME
There was a small ftb rejection followed by a a couple of hours of ranging right on the level. A good ftb should reject price faster than this,,,I gave it some time due to the time of day...but this is ideally not waht I want to see. You can see where I enterered..the signs of a less than ideal reaction were clearly there I guess.

http://screencast.com/t/u6XFrNgLypyO
This shows the dbd on h1. This shows sellers quite dominant from this level and took price down with strong momentum. But this is not pa that would necessarily deter me from a ftb..we like some momentum into out levels generally yes?

Would you say more about who actually trades after NY close please?

I am assuming that you took this trade because you believe that if you took it 100 times you would show a fair profit...that is my thinking with all trades...would you take this setupo at this time of day again?

thanks

L
All that matters is winning the week
  • #3,499
  • Sep 23, 2012 9:41pm Sep 23, 2012 9:41pm
Quoting matk
Good evening

Here is one that may trigger today or tomorrow

We have as per LJ's recent vid a good move away and 26 plus bars space
Where do you start counting the 26 bars space?
No longer trading forex. Looking for full time job.
  • #3,500
  • Sep 23, 2012 9:49pm Sep 23, 2012 9:49pm
Quoting lindsayf
thanks for the detailed reply Mark.
This is a shot of the M5 approach to the level I marked
http://screencast.com/t/ZHwkUlME
There was a small ftb rejection followed by a a couple of hours of ranging right on the level. A good ftb should reject price faster than this,,,I gave it some time due to the time of day...but this is ideally not waht I want to see. You can see where I enterered..the signs of a less than ideal reaction were clearly there I guess.

http://screencast.com/t/u6XFrNgLypyO
This shows the dbd on h1. This...
what currency pair is this? what price was the entry? was it a winner or loser? thanks!
No longer trading forex. Looking for full time job.
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