LJ Forex Group | Page 212 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

JPY Group - Best Group to Trade 60 replies

Your experience with Forex.com [GAIN Capital Group, LLC] 37 replies

Forex Techniques Development Group 24 replies

FOREX, Robert Gray, FXLQ, and Nfa/ctfc... PLEASE REPOST IN EVERY GROUP 0 replies

Attachments: LJ Forex Group
Exit Attachments

LJ Forex Group

  • #4,221
  • Dec 2, 2012 11:29pm Dec 2, 2012 11:29pm
Now watching EUR/USD for potential short. ("3 Taps into Supply" on 3H and "3 Drives Down" on Daily)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 3H.jpg Size: 200 KB
Click to Enlarge Name: EU D.jpg Size: 133 KB
  • #4,222
  • Dec 3, 2012 12:44am Dec 3, 2012 12:44am
eurgbp short.
https://www.tradingview.com/x/BvbYRFT9/
https://www.tradingview.com/x/l32k1Otj/
  • #4,223
  • Dec 3, 2012 12:45am Dec 3, 2012 12:45am
Quoting Balhana
Now watching EUR/USD for potential short. ("3 Taps into Supply" on 3H and "3 Drives Down" on Daily)
hi,balhana.
i did short eurgbp.
  • #4,224
  • Dec 3, 2012 2:27am Dec 3, 2012 2:27am
Quoting entheos
hi,balhana.
i did short eurgbp.
The supply zone looks strong, but it is dangerous to take a TT, in general. Did you wait for any confirmation?
  • #4,225
  • Dec 3, 2012 2:38am Dec 3, 2012 2:38am
Quoting Balhana
The supply zone looks strong, but it is dangerous to take a TT, in general. Did you wait for any confirmation?
You`re right.
I jumped the gun.
  • #4,226
  • Dec 3, 2012 3:43am Dec 3, 2012 3:43am
Quoting Chanya
Thanks LJ for the reply ... Was it a full loss or did you still manage to reduce the risk somehow ?
It was a partial loss as I'd already reduced the exposure by 50% as price wasn't moving like I wanted it too.

I got some small slippage on most of my brokers except FXCM which had some material slippage.
  • #4,227
  • Dec 3, 2012 4:12am Dec 3, 2012 4:12am
Quoting Balhana
Now watching EUR/USD for potential short. ("3 Taps into Supply" on 3H and "3 Drives Down" on Daily)
Sold EU on 5M FB.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5M.jpg Size: 161 KB
  • #4,228
  • Dec 3, 2012 5:40am Dec 3, 2012 5:40am
Quoting Balhana
Sold EU on 5M FB.
I see some minor support at around 1.3020.
  • #4,229
  • Dec 3, 2012 6:16am Dec 3, 2012 6:16am
Quoting Balhana
Now watching EUR/USD for potential short. ("3 Taps into Supply" on 3H and "3 Drives Down" on Daily)
Hey Sang, could you, or maybe Mark, provide a rationale in terms of orderflow for these PA patterns.
Pipcrawler
  • #4,230
  • Dec 3, 2012 6:42am Dec 3, 2012 6:42am
Quoting Balhana
Sold EU on 5M FB.
Closed 2/3 for +20 pips (1R) and remainder got stopped out for -10 pips (+10 pips in total). Will re-renter short depending on PA.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5M 01.jpg Size: 191 KB
  • #4,231
  • Dec 3, 2012 7:41am Dec 3, 2012 7:41am
Quoting xmzhang
Hey Sang, could you, or maybe Mark, provide a rationale in terms of orderflow for these PA patterns.
3 Drives Up/Down (a.k.a. 3 Bullish/Bearish Drives) is originally one of harmonic patterns. It is related to Fib ratio. But I use the pattern only in combination with supply/demand. If drops/rallies from trendline gets larger and there is strong S/D at Drive 3, then I watch PA for an entry. Possibly it is not fit to be posted in this thread.
  • #4,232
  • Edited Dec 4, 2012 10:33am Dec 3, 2012 12:29pm | Edited Dec 4, 2012 10:33am
LJ,

Is this Gold short set-up still valid?

My entry would be at 1733.29 and SL above 1735.73.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xau m5.gif Size: 19 KB
Click to Enlarge Name: xau h1.gif Size: 20 KB
  • #4,233
  • Dec 3, 2012 12:38pm Dec 3, 2012 12:38pm
Quoting Balhana
3 Drives Up/Down (a.k.a. 3 Bullish/Bearish Drives) is originally one of harmonic patterns. It is related to Fib ratio. But I use the pattern only in combination with supply/demand. If drops/rallies from trendline gets larger and there is strong S/D at Drive 3, then I watch PA for an entry. Possibly it is not fit to be posted in this thread.
Hi Bahana,

EU M5 3drive down ... It's correct ??

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: dbr29.gif Size: 18 KB
  • #4,234
  • Edited 1:00pm Dec 3, 2012 12:48pm | Edited 1:00pm
Quoting mrhb30jr
Hi Bahana,

EU M5 3drive down ... It's correct ??

Cheers
Yes, looks like the pattern. If it is 3DD, then price should go lower than low of Drive 2.

EDIT: But be careful always. Nothing in trading is 100% certain.
  • #4,235
  • Dec 3, 2012 1:02pm Dec 3, 2012 1:02pm
Quoting Balhana
Yes, looks like the pattern. If it is 3DD, then price should go lower than low of Drive 2.

EDIT: But be careful always. Nothing in trading is 100% certain.
hi bahana,

Thank you....

cheers
  • #4,236
  • Dec 4, 2012 12:01pm Dec 4, 2012 12:01pm
Quoting Price.Action
LJ,

Is this Gold short set-up still valid?

My entry would be at 1733.29 and SL above 1735.73.
I will be watching that area if price gets back up there, but not for a TT I'd want to see a good rejection from that zone and an FB off the previous high that was made.
  • #4,237
  • Dec 7, 2012 7:11am Dec 7, 2012 7:11am
Where did lj and balhana go?
I like this thread.
  • #4,238
  • Dec 7, 2012 10:32am Dec 7, 2012 10:32am
Only one trade for me today after NFP. Bought GU @ 6017 and closed 2/2 @ 6040 for +46 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU QM.jpg Size: 262 KB
  • #4,239
  • Dec 7, 2012 2:20pm Dec 7, 2012 2:20pm
Just like to say that I am pleased to have found this thread. Looking through Avinash's selected posts from the forum enabled me to catch up fairly quickly on the core wisdoms. Thanks for that Avinash.
I have compiled the posts into a pdf file, easier to read & print off. Hope you like it.
Attached File(s)
File Type: pdf LJ Forex selected Posts.pdf   940 KB | 1,140 downloads
It never gets easier, you just get better
  • #4,240
  • Dec 7, 2012 2:57pm Dec 7, 2012 2:57pm
Quoting entheos
Where did lj and balhana go?
I like this thread.

I'm still here, just busy with members (as have started to share some more advanced material) and am slowly winding down for the year.

Will post some setups and trades next week.
16 traders viewing now