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  • #4,001
  • Nov 13, 2012 2:50pm Nov 13, 2012 2:50pm
Stand out setup of the day was the ENZD and those that follow me on Twitter will know I didn't get a fill due to Oanda'a 30 pip spread at the ZEW news.

Annotated chart below showing some additional comments I discussed with my Trading Room group at the the time in terms of looking beyond the FLR on this one.

I also had a Bund short scalp and an EJ FB long scalp, charts of the trades and setups are on my Twitter feed so won't repost them here.
Attached Image (click to enlarge)
Click to Enlarge Name: ENZD.jpg Size: 114 KB
  • #4,002
  • Nov 13, 2012 3:02pm Nov 13, 2012 3:02pm
Quoting lovejoy80
This was actually an FB that occurred there.

I too was looking to buy lower with a riskier FTB trade (riskier due to the lack of obvious value) but we didn't get the quick rejection from the daily area I was looking for so bailed out for 0.49R loss.
Regarding the FB, would you have taken this? Is this a clear level?

Attached Image (click to enlarge)
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My original plan for this pair was this:

Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 118 KB
I don't need easy. I just need possible.
  • #4,003
  • Nov 13, 2012 3:24pm Nov 13, 2012 3:24pm
Hello LJ,

I'd like to know if you watch fundamentals and if you do, how/to which extent?
Thoughts are things
  • #4,004
  • Nov 14, 2012 4:56am Nov 14, 2012 4:56am
Sold AU @ 1.0445
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1H 01.jpg Size: 183 KB
  • #4,005
  • Nov 14, 2012 6:36am Nov 14, 2012 6:36am
Nice Demand reaction yesterday + FB today on GBPNZD.

Attached Image (click to enlarge)
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I don't need easy. I just need possible.
  • #4,006
  • Nov 14, 2012 6:44am Nov 14, 2012 6:44am
USD/JPY 4H Chart (3 Drives Up?)
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H 3DU.jpg Size: 237 KB
  • #4,007
  • Nov 14, 2012 7:38am Nov 14, 2012 7:38am
Quoting Balhana
Sold AU @ 1.0445
Closed 2/3 @ 1.0420 for +50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1H 02.jpg Size: 192 KB
  • #4,008
  • Nov 14, 2012 7:45am Nov 14, 2012 7:45am
Quoting DaGrizlyBull
Regarding the FB, would you have taken this? Is this a clear level?

Attachment

My original plan for this pair was this:

Attachment
It's not a standard FB setup for me - it was a deeper test of the demand marked in the chart below which in turn was small FB of the previous lows (which formed a support level) but the impulsive move down and the small FB means it's not one I'd consider trading based on the H1. If I was watching closely I'd maybe zoom in and watch the price action on lower TF's but that's a different story.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf1.jpg Size: 114 KB
  • #4,009
  • Nov 14, 2012 7:47am Nov 14, 2012 7:47am
Quoting Quezoy
Hello LJ,

I'd like to know if you watch fundamentals and if you do, how/to which extent?
I watch fundamentals to the extent that I am aware of major news events and what they likely mean to price. I'm also aware of them in terms of extra spread and whipsaws that could affect an upcoming trade or a trade I'm in.

I don't use fundamentals directly in my trading for the most part...there are times where I take trades based on big news events but for the main part it's more of an awareness thing.
  • #4,010
  • Nov 14, 2012 7:48am Nov 14, 2012 7:48am
Quoting DaGrizlyBull
Nice Demand reaction yesterday + FB today on GBPNZD.

Attachment
Very nice trade and that was a no brainer FB setup too.
  • #4,011
  • Nov 14, 2012 8:24am Nov 14, 2012 8:24am
Bought Ozzie, nice beartrap setup, entry on pullback of 9m-BUOB
Attached Image (click to enlarge)
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Pipcrawler
  • #4,012
  • Nov 14, 2012 8:45am Nov 14, 2012 8:45am
LJ, can you go over U/J?
My entry was 79.78 and Sl 79.87+spread. I`m interested did you take this and if not, reason why didn`t
thanks
Attached Image (click to enlarge)
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  • #4,013
  • Nov 14, 2012 9:18am Nov 14, 2012 9:18am
just took this one , was waitin for it since the morning! it is hard to tame this beast!
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 13 KB
  • #4,014
  • Nov 14, 2012 9:28am Nov 14, 2012 9:28am
Quoting extremerrage
just took this one , was waitin for it since the morning! it is hard to tame this beast!
hi,can you tell me is that a supply zone that you have on the chart? and from what TF?
thanks
  • #4,015
  • Nov 14, 2012 9:36am Nov 14, 2012 9:36am
Quoting pex
hi,can you tell me is that a supply zone that you have on the chart? and from what TF?
thanks
yes it is a swap level ,30m
Attached Image (click to enlarge)
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  • #4,016
  • Nov 14, 2012 10:01am Nov 14, 2012 10:01am
Quoting lovejoy80
Very nice trade and that was a no brainer FB setup too.
Hihi. Closed at TP for 230 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd h1 update 3 - closed.jpg Size: 112 KB
I don't need easy. I just need possible.
  • #4,017
  • Nov 14, 2012 10:01am Nov 14, 2012 10:01am
Quoting Balhana
Closed 2/3 @ 1.0420 for +50 pips.
Closed remaining 1/3 @ 1.0380 for +65 pips (+115 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1H 03.jpg Size: 210 KB
  • #4,018
  • Nov 14, 2012 10:18am Nov 14, 2012 10:18am
Watching EUR/NZD for a possible short entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EN 4H.jpg Size: 142 KB
  • #4,019
  • Nov 14, 2012 5:26pm Nov 14, 2012 5:26pm
Quoting pex
LJ, can you go over U/J?
My entry was 79.78 and Sl 79.87+spread. I`m interested did you take this and if not, reason why didn`t
thanks
No, this was not one on my watch list for an FTB.

The reason being that the SR was just not concise enough for me - those materially different lows marked on the chart below (which were reactions to demand to the left) meant that there is a lack of a clear decision point within the SR. So although I liked the area it's not what I would be looking for a TT on.

In terms of the DBD, again those previous lows meant there are multiple decision points within the vicinity and I want a clear zone that has a distinct decision point marking it's edge and this one didn't have this.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 1.png Size: 29 KB
  • #4,020
  • Nov 14, 2012 5:29pm Nov 14, 2012 5:29pm
Quoting extremerrage
yes it is a swap level ,30m
Nice one but don't you think AU was more logical given how bullish UJ was and how much upside potential it had?
Attached Image (click to enlarge)
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