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  • #3,641
  • Oct 3, 2012 5:35am Oct 3, 2012 5:35am
lj when ftb 2 is goin to be uploaded ?
  • #3,642
  • Oct 3, 2012 5:42am Oct 3, 2012 5:42am
Quoting extremerrage
lj when ftb 2 is goin to be uploaded ?
I'm just converting the video now and then will be uploading it - so a few hours.
  • #3,643
  • Oct 3, 2012 5:47am Oct 3, 2012 5:47am
thx lj
  • #3,644
  • Oct 3, 2012 8:33am Oct 3, 2012 8:33am
I have been a silent lurker here. Many thanks LJ for your video and your effort in this thread.
Riding the order flow
  • #3,645
  • Oct 3, 2012 8:46am Oct 3, 2012 8:46am
Quoting 5.25
Yeah, interesting situation alright. Multiple S levels above also.
did you try to look into the lower supply zone?.... not an easy one to trade... could not set a good entry point ...

the higher zones seem consumend

BR.
  • #3,646
  • Oct 3, 2012 9:34am Oct 3, 2012 9:34am
Struggling with flu at the moment so no trading for me today.

New video uploaded.

First Time Back - Part 2
  • #3,647
  • Oct 3, 2012 9:36am Oct 3, 2012 9:36am
am there thx
  • #3,648
  • Oct 3, 2012 1:05pm Oct 3, 2012 1:05pm
Quoting lovejoy80
Struggling with flu at the moment so no trading for me today.

New video uploaded.

First Time Back - Part 2
Thank you for the video LJ! Really informative video and kinda answered my question from 2 days ago.

Take care with the flu, cheers.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #3,649
  • Oct 3, 2012 1:17pm Oct 3, 2012 1:17pm
It seems to me that GBPUSD provided a nice short entry exactly at 1.6124. This level was a clear cut resistance back in sept 13th and was 'holding' price as support for the last couple of days. Well, today, that level was taken out and became resistance.

Notice that a pullback occured at almost exactly that level where a short could be established with stops above the daily high.

Very nice PA for FTB IMHO.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp_usd_m5_res_support_03_10_2012.jpg Size: 70 KB
Click to Enlarge Name: gbp_usd_m15_res_support_03_10_2012.jpg Size: 69 KB
  • #3,650
  • Oct 3, 2012 2:57pm Oct 3, 2012 2:57pm
Would it be fair to say that AUDUSD has reached a strong demand level?

It's the third visit towards this area. There is also a clear support a little bit lower. Looks like we are closing into a bear trap.

Longs anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_h4_demand_03_10_2012.jpg Size: 71 KB
  • #3,651
  • Oct 3, 2012 10:19pm Oct 3, 2012 10:19pm
Quoting jupiter_peak
Would it be fair to say that AUDUSD has reached a strong demand level?

It's the third visit towards this area. There is also a clear support a little bit lower. Looks like we are closing into a bear trap.

Longs anyone?
Yes. I have an order at 1.01675.
  • #3,652
  • Oct 4, 2012 12:22am Oct 4, 2012 12:22am
Quoting lovejoy80
Struggling with flu at the moment so no trading for me today.

New video uploaded.

First Time Back - Part 2

Thanks for the video. Hope that you're feeling better soon.

NTW
No more DOH! trades
  • #3,653
  • Oct 4, 2012 4:17am Oct 4, 2012 4:17am
lj what is ur opinion about this ftb ?
Attached Image (click to enlarge)
Click to Enlarge Name: gold3.gif Size: 17 KB
  • #3,654
  • Oct 4, 2012 4:39am Oct 4, 2012 4:39am
Quoting extremerrage
lj what is ur opinion about this ftb ?

Hi

There has not been much of an ark ie dist in candles from level also
it is not fresh see visit 1st/ 2nd oct against trend and no lower low

easy for me to say now the high probabilty trade was pull to 34.8 at SR with trend
Constant and never ending improvement
  • #3,655
  • Oct 4, 2012 4:51am Oct 4, 2012 4:51am
Quoting jupiter_peak
It seems to me that GBPUSD provided a nice short entry exactly at 1.6124. This level was a clear cut resistance back in sept 13th and was 'holding' price as support for the last couple of days. Well, today, that level was taken out and became resistance.

Notice that a pullback occured at almost exactly that level where a short could be established with stops above the daily high.

Very nice PA for FTB IMHO.
I agree that there is a lot of history at this level and there was a lot to like about it in terms of how it acted as strong + clear support before the recent strong breakout.

The FTB setup for me occurred on the M5 TF as per chart below.

Not sure what you mean by stops above daily high though - the daily high at the time was 1.6142 which would be to high for a SL placement IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: GU M5.jpg Size: 87 KB
  • #3,656
  • Oct 4, 2012 4:52am Oct 4, 2012 4:52am
Quoting jupiter_peak
Would it be fair to say that AUDUSD has reached a strong demand level?

It's the third visit towards this area. There is also a clear support a little bit lower. Looks like we are closing into a bear trap.

Longs anyone?
A bear trap below the previous visit to the demand would certainly be a setup I'd be looking for. Alternatively some VLTF PA within the current consolidation.
  • #3,657
  • Oct 4, 2012 4:53am Oct 4, 2012 4:53am
Quoting extremerrage
lj what is ur opinion about this ftb ?
Not one I'd be keen on as there is not a clearly defined RBD here. Yes price moved down very quickly from this area but I want to see a clearly defined RBD zone with substance.
  • #3,658
  • Oct 4, 2012 6:04am Oct 4, 2012 6:04am
Quoting extremerrage
lj what is ur opinion about this ftb ?
Now this was the setup you should have been trading on Gold...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold H1.png Size: 28 KB
Click to Enlarge Name: gold h1 2.gif Size: 23 KB
  • #3,659
  • Oct 4, 2012 7:35am Oct 4, 2012 7:35am
Nice bounce north on the 1min eurusd recently after it crossed resistance, and a short expected @ 1.3040 on the 15min.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.JPG Size: 50 KB
WARNING: Don't follow me as I'm just learning
  • #3,660
  • Oct 4, 2012 8:24am Oct 4, 2012 8:24am
Quoting adam777
Nice bounce north on the 1min eurusd recently after it crossed resistance, and a short expected @ 1.3040 on the 15min.
I am in that trade too.

However, it seems that EU has reached a supply level/resistance from sept 19/20.
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