LJ Forex Group | Page 213 | 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

  • #4,241
  • Dec 7, 2012 4:04pm Dec 7, 2012 4:04pm
Quoting Balhana
Only one trade for me today after NFP. Bought GU @ 6017 and closed 2/2 @ 6040 for +46 pips.
Hi, Balhana.
Why do you select GU?
Why do you not select EU?

https://www.tradingview.com/x/TTRUp5ED/
  • #4,242
  • Dec 7, 2012 10:44pm Dec 7, 2012 10:44pm
Quoting entheos
Hi, Balhana.
Why do you select GU?
Why do you not select EU?
The reasons I didn't take EU were:
1) It was the second time back to demand (not fresh).
2) There was no clear bullish PA on VLTF.

The reasons I took GU were:
1) QM on 1H.
2) Some bullish PA on VLTF.


EDIT: It will be difficult for me to trade for two weeks because of the business trip.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 2H.jpg Size: 195 KB
Click to Enlarge Name: GU 5M.jpg Size: 167 KB
  • #4,243
  • Dec 7, 2012 10:57pm Dec 7, 2012 10:57pm
Quoting Balhana
The reasons I didn't take EU were:
1) It was the second time back to demand (not fresh).
2) There was no clear bullish PA on VLTF.

The reasons I took GU were:
1) QM on 1H.
2) Some bullish PA on VLTF.


EDIT: It will be difficult for me to trade for two weeks because of the business trip.
great.
thank you.Balhana.
  • #4,244
  • Dec 8, 2012 11:26am Dec 8, 2012 11:26am
Quoting Shabs19
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.
Nice. This will be put on my kindle.

Tnx.
Thoughts are things
  • #4,245
  • Dec 10, 2012 7:45am Dec 10, 2012 7:45am
Bought GBP/JPY @ 130.97, closed 2/3 @ 131.20 for +46 pips, and moved SL to BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 01.jpg Size: 255 KB
  • #4,246
  • Dec 10, 2012 8:44am Dec 10, 2012 8:44am
Quoting Balhana
Bought GBP/JPY @ 130.97, closed 2/3 @ 131.20 for +46 pips, and moved SL to BE+1.
nice thread Balhana,

now i catch one, audusd M5 3drive up ......

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: dbr40.gif Size: 18 KB
  • #4,247
  • Dec 10, 2012 8:53am Dec 10, 2012 8:53am
Quoting Balhana
Bought GBP/JPY @ 130.97, closed 2/3 @ 131.20 for +46 pips, and moved SL to BE+1.
Closed remaining 1/3 @ 131.37 for +40 pips (+86 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 02.jpg Size: 253 KB
  • #4,248
  • Dec 10, 2012 3:13pm Dec 10, 2012 3:13pm
here are some set-ups that i am waiting for this week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 19 KB
Click to Enlarge Name: b.gif Size: 20 KB
Click to Enlarge Name: c.gif Size: 20 KB
Click to Enlarge Name: d.gif Size: 19 KB
  • #4,249
  • Dec 10, 2012 3:54pm Dec 10, 2012 3:54pm
Quoting ezz
here are some set-ups that i am waiting for this week
Not too keen on GNZD otherwise I have the others on my watchlist too (apart from ACHF as I don't watch this pair intraday).

A few others to add to the list...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej ftb.png Size: 38 KB
Click to Enlarge Name: ecad ftb.png Size: 29 KB
Click to Enlarge Name: anzd ftb.png Size: 31 KB
  • #4,250
  • Dec 10, 2012 5:14pm Dec 10, 2012 5:14pm
Quoting Balhana
Closed remaining 1/3 @ 131.37 for +40 pips (+86 pips in total).
Hey Sang,

Good to see you posting from abroad. This is all I could manage today, approx 1.2R. Closed at FLR, should've really held it for longer.

Take care.
Attached Image (click to enlarge)
Click to Enlarge Name: 491_eurusd m1.jpg Size: 84 KB
  • #4,251
  • Edited 4:39pm Dec 11, 2012 4:20pm | Edited 4:39pm
Today's trade attached.

EU 1m TF, Comp followed by LS into D. Not a setup I would typically trade give the number of times the area was tested if looking at the 1m TF. But the 15m chart suggested (to me at least) possible sign that bigger players coming in. Entered at first touch of the 1m D zone, source of the 15m bar, closed at 1.5R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 493_eurusd m15.jpg Size: 80 KB
Click to Enlarge Name: 492_eurusd m1.jpg Size: 88 KB
  • #4,252
  • Dec 11, 2012 5:18pm Dec 11, 2012 5:18pm
Only couple trades for me this week so far.

NCAD yesterday, M5 TF FB of previous swing with the LSS reversal and retest of the broken swing area as the entry point.

GU today same TF, same setup, this time I waited for M1 PA to short after the retracement. Was looking for a bigger move which didn't occur so didn't take much out of this one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ncad trade.jpg Size: 84 KB
Click to Enlarge Name: gu trade.jpg Size: 81 KB
  • #4,253
  • Dec 12, 2012 2:13pm Dec 12, 2012 2:13pm
Apologies for posting something so negative on this thread, but when you get shafted by a broker (OANDA) you know it's time to find a new one.
Attached Image (click to enlarge)
Click to Enlarge Name: Oanda.jpg Size: 72 KB
  • #4,254
  • Dec 12, 2012 6:27pm Dec 12, 2012 6:27pm
Quoting 5.25
Apologies for posting something so negative on this thread, but when you get shafted by a broker (OANDA) you know it's time to find a new one.
i believe Mark posted a similar situation , also with Oanda.
I don't need easy. I just need possible.
  • #4,255
  • Dec 13, 2012 1:57am Dec 13, 2012 1:57am
Quoting DaGrizlyBull
i believe Mark posted a similar situation , also with Oanda.
Thanks Da Grizly. This is not the place for me to complain, but I've closed my account and am looking elsewhere. You can't take out 100% of your market participants on spread widening alone.

Heres how it looked on the daily (Posted by Greenhaze): http://screencast.com/t/HbckxsdEd
  • #4,256
  • Dec 13, 2012 2:22am Dec 13, 2012 2:22am
Very shady practice from Oanda there, you can't offer a new product then at the first major news event increase your spreads from 2 to 200 pips, in the process clearing your entire book - as if those prices were a fair reflection of the underling market at the time!

But then Oanda prices never are a fair reflection of either the underlying market or prices that can be obtained elsewhere during news events. They used to be a half decent broker but there are far better choices these days with brokers that won't use news events to clear their order book to generate income.

Maybe the NFA should start investigating such practices after they've finished with the asymmetric slippage issue.
  • #4,257
  • Dec 14, 2012 9:11am Dec 14, 2012 9:11am
Quiet week as the wind down for the year takes hold, few trades yesterday...a GJ 0.5R loss (reasoning is a bit beyond this thread for now), a Brent compression based short (M5 TF) and still in some of a Dax daily TF based FB short (Daily and H1 charts).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: brent.jpg Size: 83 KB
Click to Enlarge Name: dow1.gif Size: 17 KB
Click to Enlarge Name: dow2.gif Size: 17 KB
  • #4,258
  • Edited 12:11pm Dec 14, 2012 11:16am | Edited 12:11pm
Quoting lovejoy80
Quiet week as the wind down for the year takes hold, few trades yesterday...a GJ 0.5R loss (reasoning is a bit beyond this thread for now), a Brent compression based short (M5 TF) and still in some of a Dax daily TF based FB short (Daily and H1 charts).
Busy week but for other reasons...

Oanda did the right thing and kept a customer. Fully reimbursed from the x100 spread increase.
  • #4,259
  • Dec 19, 2012 3:51pm Dec 19, 2012 3:51pm
I've effectively resigned myself from trading for the remainder of 2012, but could ignore the PA on EU today. Great to see price acting the way you expect it too. If it wasn't for the timing of the year I would have been all over it. Nothing more than a 1R scalp on Dax for me today.
Attached Image (click to enlarge)
Click to Enlarge Name: 496_eurusd m5.jpg Size: 68 KB
  • #4,260
  • Dec 19, 2012 4:09pm Dec 19, 2012 4:09pm
Quoting 5.25
I've effectively resigned myself from trading for the remainder of 2012, but could ignore the PA on EU today. Great to see price acting the way you expect it too. If it wasn't for the timing of the year I would have been all over it. Nothing more than a 1R scalp on Dax for me today.
I kinda see Bullish USD scenarios right now. What do you guys think?

Fiber Pinbar at Big PPZ:

Attached Image (click to enlarge)
Click to Enlarge Name: 4 - pinbar at ppz.jpg Size: 126 KB


Cable at Yearly Highs + Pinbar

Attached Image (click to enlarge)
Click to Enlarge Name: 5 - cable pinbar at historic highs.jpg Size: 131 KB


NZDUSD at Yearly Highs + SFP
Attached Image (click to enlarge)
Click to Enlarge Name: 6 - nzdusd sfp at yearly high.jpg Size: 126 KB
I don't need easy. I just need possible.
8 traders viewing now