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  • #4,321
  • Jan 8, 2013 9:00am Jan 8, 2013 9:00am
I for one , wasn't looking for longs on fiber. I was waiting for the Daily pullback to re enter short with D1 flow. I know its not what this thread is really about, but just an idea...

D1:

Attached Image (click to enlarge)
Click to Enlarge Name: xx1.jpg Size: 129 KB


H1:

Attached Image (click to enlarge)
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I don't need easy. I just need possible.
  • #4,322
  • Edited 10:46am Jan 8, 2013 9:33am | Edited 10:46am
sorry for still asking last one for today

edit: usdjpy cancelled (my order missed by 1 pip! again. H1 closed 11 pips above)
.... clearly not
edit3: H1 pins? - usdjpy comeback to 87.50 (looks great on M5) ?
Attached Image (click to enlarge)
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  • #4,323
  • Jan 8, 2013 10:31am Jan 8, 2013 10:31am
Was cleaning up some charts today and i saw this one. Is this considered an "impulsive" irregular move into a SD/SR zone?

Attached Image (click to enlarge)
Click to Enlarge Name: ssssss.jpg Size: 121 KB


Thanks !
I don't need easy. I just need possible.
  • #4,324
  • Jan 8, 2013 10:54am Jan 8, 2013 10:54am
Quoting DaGrizlyBull
Was cleaning up some charts today and i saw this one. Is this considered an "impulsive" irregular move into a SD/SR zone?

Attachment

Thanks !
if i look at charts sometimes see faster and slower areas
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  • #4,325
  • Jan 8, 2013 11:53am Jan 8, 2013 11:53am
Quoting lovejoy80
Chart below should help.
2013 trading started today for me and despite it being a winning day it was not without it's frustrations.

GJ FTB as discussed yesterday with SL below the higher DP mentioned. Order cancelled as it's now hit where my TP was (potential 3.5R missed).

EJ M10 FB of M5 SR after hitting supply for 1R.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EJ M5 FB.png Size: 11 KB
  • #4,326
  • Edited 12:19pm Jan 8, 2013 12:04pm | Edited 12:19pm
today i missed EU by 1 pip UJ by 1 pip GJ by 5 pips... EU&UJ could hit limit order hour later...
  • #4,327
  • Jan 8, 2013 2:18pm Jan 8, 2013 2:18pm
Quoting DaGrizlyBull
I for one , wasn't looking for longs on fiber. I was waiting for the Daily pullback to re enter short with D1 flow. I know its not what this thread is really about, but just an idea...

D1:

Attachment

H1:

Attachment
If I was a daily TF trader I would have taken that short too in addition to the shorter term long.
  • #4,328
  • Jan 8, 2013 2:26pm Jan 8, 2013 2:26pm
Quoting tinkerbelle
sorry for still asking last one for today

edit: usdjpy cancelled (my order missed by 1 pip! again. H1 closed 11 pips above)
.... clearly not
edit3: H1 pins? - usdjpy comeback to 87.50 (looks great on M5) ?
With regards your question on NU I tend to look how price left the area last time out. On this occasion if left with strong momentum, that tells me there was a strong SD imbalance there so from that aspect it would be a valid area to be looking for the FTB.

On UJ I wouldn't have cancelled my order on the 1st approach as the reaction was not material like it was for EU and GJ as in these cases price rejected strongly straight to my planned TP (I'm presuming you cancelled it after the reaction marked with the arrow in the chart below).
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 21 KB
  • #4,329
  • Jan 8, 2013 2:35pm Jan 8, 2013 2:35pm
Quoting DaGrizlyBull
Was cleaning up some charts today and i saw this one. Is this considered an "impulsive" irregular move into a SD/SR zone?

Attachment

Thanks !
It certainly has an impulsive look to it at first glance, but if you look deeper you should be able to conclude that the high momentum move was expected.
Attached Image (click to enlarge)
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  • #4,330
  • Edited 9:34am Jan 9, 2013 9:31am | Edited 9:34am
Hi LJ,
would like to ask you - if there is strong trend and my potentional entries are far back in past on my chart and i cant go pinpoint my SD levels on M5 and M1 what should i do ?

edit: asking couse i think we are going above .8460 on nzdusd

thank you.
  • #4,331
  • Jan 10, 2013 2:24am Jan 10, 2013 2:24am
Quoting tinkerbelle
Hi LJ,
would like to ask you - if there is strong trend and my potentional entries are far back in past on my chart and i cant go pinpoint my SD levels on M5 and M1 what should i do ?

edit: asking couse i think we are going above .8460 on nzdusd

thank you.

Make sure you have put in a large number in Tools/Options/Charts- Max bars in history / Max bars in charts so you are getting the maximum data you can.

If you still can't see the data you want then you have no choice but to just make a decision on the information you have.

When it comes to FTB's if I have to scroll back a couple of 'pages' to find the setup then it's not fresh enough for me. It's a personal thing but I'm not keen on FTB's from areas far in the past so that's normally having to scroll back a couple of screen widths for me as my maximum.
  • #4,332
  • Jan 10, 2013 6:55am Jan 10, 2013 6:55am
Hello Lovejoy,

It's a great thread and valuable information you're sharing here!

I've got a question regarding trading and working. I've got a full time job and most of the time I'm not able to check the charts during the work days, or at least manage the trades. So the only option to trade would be setting the orders before the work day. Do you think it would be possible to grow an account that way trading just the FTB setups and set the entry, S/L, T/P in advance and then just to wait for the market to do its thing?
  • #4,333
  • Jan 10, 2013 11:00am Jan 10, 2013 11:00am
Quoting pip-shark
Hello Lovejoy,

It's a great thread and valuable information you're sharing here!

I've got a question regarding trading and working. I've got a full time job and most of the time I'm not able to check the charts during the work days, or at least manage the trades. So the only option to trade would be setting the orders before the work day. Do you think it would be possible to grow an account that way trading just the FTB setups and set the entry, S/L, T/P in advance and then just to wait for the market to do its thing?
Personally I think FTB setups are best traded with a 'set and forget' mindset so with that in mind then yes IMO they are suitable for people such as yourself.

Of course there are situations where I intervene - mainly news related events (like the ECB today) or some of the 'other considerations' outlined in video 3. But for the most part I treat them as 'set and forget' and it leaves me with time to look for other trade setups. But the flip side to that is sometimes the biggest threat to an FTB trade is the trader themselves!

I would adjust avoid placing trades on major news event days like the ECB rate decision / conference today.
  • #4,334
  • Jan 11, 2013 8:12am Jan 11, 2013 8:12am
Quoting lovejoy80
Personally I think FTB setups are best traded with a 'set and forget' mindset so with that in mind then yes IMO they are suitable for people such as yourself.

Of course there are situations where I intervene - mainly news related events (like the ECB today) or some of the 'other considerations' outlined in video 3. But for the most part I treat them as 'set and forget' and it leaves me with time to look for other trade setups. But the flip side to that is sometimes the biggest threat to an FTB trade is the trader themselves!

I would adjust avoid...

Thank you for you reply!

One question came to my mind. When trading this way, setting all the orders way before they trigger, where to place the T/P? It's impossible to know in advance, where the first trouble area will be to take profit. Would you recommend for example to just set the T/P for 1:1 R/R and let the probabilities to take care of the rest? What would be your solution?

Thanks again
  • #4,335
  • Jan 11, 2013 9:49am Jan 11, 2013 9:49am
Quoting pip-shark
Thank you for you reply!

One question came to my mind. When trading this way, setting all the orders way before they trigger, where to place the T/P? It's impossible to know in advance, where the first trouble area will be to take profit. Would you recommend for example to just set the T/P for 1:1 R/R and let the probabilities to take care of the rest? What would be your solution?

Thanks again
That's where you are wrong. Have you watched any of the videos?
I don't need easy. I just need possible.
  • #4,336
  • Jan 11, 2013 1:08pm Jan 11, 2013 1:08pm
Quoting pip-shark
Thank you for you reply!

One question came to my mind. When trading this way, setting all the orders way before they trigger, where to place the T/P? It's impossible to know in advance, where the first trouble area will be to take profit. Would you recommend for example to just set the T/P for 1:1 R/R and let the probabilities to take care of the rest? What would be your solution?

Thanks again
If you're setting orders at the start of each day for trades that have a likelihood of triggering that day then you are most likely to know where the FLR/S is located.

Price might form a new base (SR/SD) on the way towards your entry after you've placed your order but most of the time the FLR/S can be identified a good time before the trade triggers.
  • #4,337
  • Jan 12, 2013 4:32am Jan 12, 2013 4:32am
good day lj i am having a problem viewing your new version of vids !!! any alternative ?
  • #4,338
  • Jan 12, 2013 4:45am Jan 12, 2013 4:45am
Hi LJ
can you please share some trades from last week, wanna go through some examples i saw live - one win, one loss will be great thank you!
  • #4,339
  • Jan 12, 2013 6:26am Jan 12, 2013 6:26am
Quoting extremerrage
good day lj i am having a problem viewing your new version of vids !!! any alternative ?
Send me a message through my website with details of the problem you're having (with screenshots if possible) and I'll try and sort it.
  • #4,340
  • Jan 12, 2013 6:29am Jan 12, 2013 6:29am
Quoting tinkerbelle
Hi LJ
can you please share some trades from last week, wanna go through some examples i saw live - one win, one loss will be great thank you!
I only traded a few setups last week as was busy with some other things outside of trading (house related) - the previously uploaded EJ FB setup (together with a couple of Bund trades - which are outside the scope of this thread in terms of reasoning) coupled with a few missed pending orders (FTSE - FB, GJ FTB, EU FTB) sums up my week. Back to normal next week.

Just going through charts preparing for next week this morning so have noted a handful of example setups from the week just gone - will upload later.
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