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  • #3,821
  • Oct 20, 2012 6:22am Oct 20, 2012 6:22am
Quoting extremerrage
very well explained BAL so u usually look @daily tf! then if there is a setup then u scroll down to 1h ?
I try to do but sometimes do scalping based on 1M/5M.
  • #3,822
  • Oct 20, 2012 6:24am Oct 20, 2012 6:24am
Great stuff as usual Balhana

  • #3,823
  • Oct 20, 2012 6:57am Oct 20, 2012 6:57am
LJ, what is a whipsaw engulfing pattern ?
  • #3,824
  • Oct 20, 2012 7:02am Oct 20, 2012 7:02am
Quoting extremerrage
LJ, what is a whipsaw engulfing pattern ?
http://www.forexfactory.com/showthre...19#post6054019
  • #3,825
  • Oct 20, 2012 7:04am Oct 20, 2012 7:04am
Quoting lovejoy80
http://www.forexfactory.com/showthre...19#post6054019
thx boss
  • #3,826
  • Oct 21, 2012 1:52pm Oct 21, 2012 1:52pm
Quoting lovejoy80
It's probably not one I'd be trading as an FTB TT. I wouldn't really give too much emphasis to the SR you've drawn myself, it's not clear enough for me...but I would note that this area has some signifcance on the Monthly, Weekly and Daily TF's.

I'm not really into fibs like I used to be and don't really have any need for confluence any more in that respect.

There is of course a DBD on H4, but what I'm really looking for is clear SD zones which have substance and most importantly clear decision points that define the edge. A break of a clear...
thanks for comment LJ
will take a note...
  • #3,827
  • Oct 21, 2012 4:06pm Oct 21, 2012 4:06pm
Quoting Balhana
How to trade these daily closes in detail? Take a look at the charts.
Very similar to how I used to look at a chart prior to any S or D know how, I also never used to use the 4h close either.

(W1 and D1 charts attached) In this instance the W1 chart I found to have quite a lot of credibility, not that I usually trade them because price moves veeeery slooowly.

FTB to RBR with D1 close for entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 442 nzdcad w1.jpg Size: 85 KB
Click to Enlarge Name: 443 nzdcad d1.jpg Size: 89 KB
  • #3,828
  • Oct 21, 2012 4:41pm Oct 21, 2012 4:41pm
Quoting 5.25
Given the current topic of FTBs, here's a couple on my watch list on silver. These are S/R levels not SD zones.
Silver update from 23rd Sept. Levels getting respected nicely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 414 silver h4.jpg Size: 82 KB
Click to Enlarge Name: 444 silver h4.jpg Size: 93 KB
  • #3,829
  • Oct 22, 2012 4:15pm Oct 22, 2012 4:15pm
Only one trade for me today - FTB of a DBD on EU which resulted in a false break of the 76 SR level. Left a fair bit on the table here but still netted a nice +2.3R
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 34 KB
  • #3,830
  • Oct 22, 2012 4:34pm Oct 22, 2012 4:34pm
Quoting lovejoy80
Only one trade for me today - FTB of a DBD on EU which resulted in a false break of the 76 SR level. Left a fair bit on the table here but still netted a nice +2.3R
Had a slightly higher entry based on the 5m chart. Shame, looking back the 15m seemed more credible.

Mixed day for me: x1 loss, x2 missed entries (You're FTB included) and x2 winners. Probably not the clearest chart as my entries were also based on 1h, 10m, and 1m charts.
Attached Image (click to enlarge)
Click to Enlarge Name: 448 eurusd m5.jpg Size: 83 KB
  • #3,831
  • Oct 22, 2012 9:43pm Oct 22, 2012 9:43pm
Quoting Balhana
No, I don't mind. I try to refine my entry based on 1M/5M near 4H close. Check this 1M chart.

BTW, we shouldn't expect a big reaction from the RBD supply you marked because those areas are compressed.
Hey Balhana,
U have been missing in action here for sometime, glad to see u back

Can u explain why for compressed areas of supply, one should not expect big reaction?
  • #3,832
  • Oct 22, 2012 10:46pm Oct 22, 2012 10:46pm
Balhana,
Studying your trades and some questions here

GNZD- see questions on chart

ENZD - Did u enter on close back to the wedge or on retest of the wedge? what TF is your entry on?
Can u explain why u didn't take any partial at the green line marked which seems like resistance?

Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ENZD_balhana.jpg Size: 53 KB
Click to Enlarge Name: GNZD_balhana.jpg Size: 75 KB
  • #3,833
  • Oct 23, 2012 2:22am Oct 23, 2012 2:22am
Quoting Fx7877
Hey Balhana,
U have been missing in action here for sometime, glad to see u back

Can u explain why for compressed areas of supply, one should not expect big reaction?
Picture can paint a thousand words. Look at the UC daily chart.

The lower part of the supply zone has been spiked twice and its higher part is compressed.
Attached Image (click to enlarge)
Click to Enlarge Name: UC Daily.jpg Size: 83 KB
  • #3,834
  • Oct 23, 2012 2:31am Oct 23, 2012 2:31am
Quoting Fx7877
Balhana,
Studying your trades and some questions here

GNZD- see questions on chart

ENZD - Did u enter on close back to the wedge or on retest of the wedge? what TF is your entry on?
Can u explain why u didn't take any partial at the green line marked which seems like resistance?

Thank you
GNZD: I usually wait for PA when trading based on daily SD zones.

ENZD: I entered on close back to the wedge on 15M in this case, but sometimes enter on retrace. I took some off the table at the green line you marked.
  • #3,835
  • Oct 23, 2012 1:16pm Oct 23, 2012 1:16pm
Started with a loss on euro. Probably not the best time to be trading LTF FTB.

Scalped a few trades of little merit to end the day in the green. Missed this USDCAD FTB later in the day, great compression with subsequent liquidity spike. Clearly visible on the 1m TF.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 451_usdusd m5.jpg Size: 86 KB
Click to Enlarge Name: 450_eurusd m15.jpg Size: 72 KB
  • #3,836
  • Oct 23, 2012 2:27pm Oct 23, 2012 2:27pm
Quoting 5.25
Started with a loss on euro. Probably not the best time to be trading LTF FTB.

Scalped a few trades of little merit to end the day in the green. Missed this USDCAD FTB later in the day, great compression with subsequent liquidity spike. Clearly visible on the 1m TF.
An example of todays scalping.

1) Failed to maximise profits on this one as price did not break down as anticipated.

2) 30sec/1m entry on 30m PB retracement. (Seemed good at the time ). Trading with the recent momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: 452_eurusd m1.jpg Size: 87 KB
  • #3,837
  • Oct 24, 2012 3:30pm Oct 24, 2012 3:30pm
x4 out of x4 today each at approx x1R all VLTF stuff. Don't have the capacity to trade freely and/or plan ahead as I would like.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 454_eurusd m5.jpg Size: 78 KB
Click to Enlarge Name: 453_eurusd m5.gif Size: 27 KB
Click to Enlarge Name: 455_usdjpy m15.jpg Size: 71 KB
  • #3,838
  • Oct 24, 2012 4:26pm Oct 24, 2012 4:26pm
Quoting 5.25
x4 out of x4 today each at approx x1R all VLTF stuff. Don't have the capacity to trade freely and/or plan ahead as I would like.
It would be scary to see the results if you did! lol
  • #3,839
  • Oct 24, 2012 4:39pm Oct 24, 2012 4:39pm
Nothing for me today, but 4 trades yesterday.

- FTB loss on UCHF
- FB on Nasdaq (especially liked the supply consumption and the fact price had held this area whilst the other main indices were tanking) +1.6R
- FTB on CAC40 +1.3R
- a BE on S&P.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uchf.jpg Size: 93 KB
Click to Enlarge Name: nas.gif Size: 20 KB
Click to Enlarge Name: cac40.gif Size: 29 KB
  • #3,840
  • Oct 24, 2012 4:42pm Oct 24, 2012 4:42pm
Was planning to take this UCHF short today but had a long order in place on EURGBP which was correlated and close to triggering...EG missed my order by 0.7 pips and thus I missed out on UCHF
Attached Image (click to enlarge)
Click to Enlarge Name: uchf 1.gif Size: 24 KB
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