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  • #4,441
  • Feb 18, 2013 8:25am Feb 18, 2013 8:25am
Sold EUR/NZD @ 1.5810, closed 2/3 @ 1.5790 for +40 pips, and closed the remainder @ 1.5775 for +35 pips. (+75 pips in total)
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  • #4,442
  • Feb 18, 2013 9:00am Feb 18, 2013 9:00am
Missed FB (Bull Trap) on GU 5M.
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  • #4,443
  • Feb 19, 2013 7:17am Feb 19, 2013 7:17am
NZDUSD from yesterday. Maybe it wasn't a textbook setup, but I milked it pretty well. ~~1.7R

Today's EURAUD was off a lot nicer zone, but I tightened the stop to BE a little too soon and it kicked me out by 0.5 pips, then went where I wanted it. It would have been around 2.19R.

I hope I can keep getting into atleast 1 FTB every day.
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  • #4,444
  • Feb 19, 2013 7:29am Feb 19, 2013 7:29am
Quoting freeze
NZDUSD from yesterday. Maybe it wasn't a textbook setup, but I milked it pretty well. ~~1.7R

Today's EURAUD was off a lot nicer zone, but I tightened the stop to BE a little too soon and it kicked me out by 0.5 pips, then went where I wanted it. It would have been around 2.19R.

I hope I can keep getting into atleast 1 FTB every day.
I took EURAUD too - wasn't a straight forward one as a) lack of obvious space and b) the reaction was very slow (as has been the market today), milked 1.29R out of it in the end.

1 setup on average per day is what I aim for too.
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  • #4,445
  • Edited 3:56pm Feb 19, 2013 2:05pm | Edited 3:56pm
Hi guys, coming over here from J16 to check this out. Don't really understand it fully so I would be grateful for any advice or direction as to what I should study. I usually trade the 61% retracement of daily pa and I think this method really compliments those set ups and can fine tune them. What do you guys thing of the gpb/jpy FTB?
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  • #4,446
  • Edited Feb 20, 2013 12:01am Feb 19, 2013 11:24pm | Edited Feb 20, 2013 12:01am
Quoting equivestor12
Hi guys, coming over here from J16 to check this out. Don't really understand it fully so I would be grateful for any advice or direction as to what I should study. I usually trade the 61% retracement of daily pa and I think this method really compliments those set ups and can fine tune them. What do you guys thing of the gpb/jpy FTB?
I was definitely looking to go long here but it came very close missed my order and moved away and hit my FLR - so won't be taking the TT now, I'd watch for PA.

In terms of what to study - I've outlined everything needed to trade the three main strategies I've chosen to share on my website.

So the best place to learn is there - start with the supply and demand videos, then move onto the trading strategy videos and webinar recordings.
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  • #4,447
  • Feb 20, 2013 3:11am Feb 20, 2013 3:11am
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I don't need easy. I just need possible.
  • #4,448
  • Feb 20, 2013 1:23pm Feb 20, 2013 1:23pm
Quoting lovejoy80
I was definitely looking to go long here but it came very close missed my order and moved away and hit my FLR - so won't be taking the TT now, I'd watch for PA.

In terms of what to study - I've outlined everything needed to trade the three main strategies I've chosen to share on my website.

So the best place to learn is there - start with the supply and demand videos, then move onto the trading strategy videos and webinar recordings.
Thanks lovejoy...I'm going through the trading videos now and plan to attend this Thursdays webinar. I just read that you take about one good set up per day....do you take these trades live in your trading room?
  • #4,449
  • Feb 21, 2013 1:33am Feb 21, 2013 1:33am
I woke up today and couldn't believe my eyes - my small (live) account was up 15%. Five trades off similar zones triggered during Asia, 4 winners, 1 smaller loser.

Unfortunately an EURGBP trade failed me soon after (and I accidentally used a bigger position), so I'm up just around +10% today. Either way, it's all not as great as it sounds, since my win rate is 50% this week and I'm just a bit better than breaking even.
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  • #4,450
  • Feb 21, 2013 2:34am Feb 21, 2013 2:34am
Daily:

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M5:

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I don't need easy. I just need possible.
  • #4,451
  • Feb 21, 2013 8:21am Feb 21, 2013 8:21am
Quoting DaGrizlyBull
Attachment
I had that setup planned but couldn't' get enough value to the target with my SL placement.
  • #4,452
  • Feb 21, 2013 8:24am Feb 21, 2013 8:24am
Quoting equivestor12
Thanks lovejoy...I'm going through the trading videos now and plan to attend this Thursdays webinar. I just read that you take about one good set up per day....do you take these trades live in your trading room?

Yes, on with regards FTB's and FB's I'm looking for 1-2 trades per day on average.

All my FTB setups are uploaded to my Trading Room as pics with my entry and SL detailed for members to browse through - an example of a chart from my TR is the GJ before chart in this post http://www.forexfactory.com/showthre...46#post6459246

Then as price gets close we discuss targets etc.
  • #4,453
  • Feb 21, 2013 8:25am Feb 21, 2013 8:25am
Quoting freeze
I woke up today and couldn't believe my eyes - my small (live) account was up 15%. Five trades off similar zones triggered during Asia, 4 winners, 1 smaller loser.

Unfortunately an EURGBP trade failed me soon after (and I accidentally used a bigger position), so I'm up just around +10% today. Either way, it's all not as great as it sounds, since my win rate is 50% this week and I'm just a bit better than breaking even.
A lot of correlated risk exposure!

If it's the EG setup I had planned, then I cancelled that one when price came close and moved away.

This UJ behaved in textbook fashion (Yens have been very nice for FTB's) but missed my order.
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  • #4,454
  • Feb 21, 2013 8:26am Feb 21, 2013 8:26am
Quoting DaGrizlyBull
Daily:

Attachment

M5:

Attachment
  • #4,455
  • Feb 21, 2013 9:30am Feb 21, 2013 9:30am
Quoting lovejoy80
A lot of correlated risk exposure!

If it's the EG setup I had planned, then I cancelled that one when price came close and moved away.

This UJ behaved in textbook fashion (Yens have been very nice for FTB's) but missed my order.
That's true, I did risk around 15% total on those trades (had they all failed). But first, they were all quite textbook setups, with no overnight news.

Second, I was looking at them as correlated confluence just as much as correlated risk. There's a good chance most of them will work at least to the FLR, I'm not afraid to increase my exposure in such cases, especially since I'm trying to grow my small account. Plus I don't mind when one or two of my entries are missed.

You're not alone on USD/JPY, it missed my entry by 0.2 pips...
  • #4,456
  • Edited 10:28am Feb 22, 2013 9:42am | Edited 10:28am
Hi LJ, could you give me your analysis on this cad/chf FTB. I think I already missed the entry. I understand that you wound't want it to retouch now because that would be a sign of weakness, right? Also would you TT it right at 0.9090 or look for some PA?

Thanks
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  • #4,457
  • Edited 4:53am Feb 25, 2013 4:23am | Edited 4:53am
Daily Retest?

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H1 SD zone in the BO bars:

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Edit:

Similar stuff in Silver:

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I don't need easy. I just need possible.
  • #4,458
  • Feb 25, 2013 7:44am Feb 25, 2013 7:44am
Funny how these work equally well even on 1m/5m (FTB).

I bet it's possible to make good returns trading only these, but you'd have to be glued to the screen.
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  • #4,459
  • Feb 25, 2013 3:17pm Feb 25, 2013 3:17pm
Quoting equivestor12
Hi LJ, could you give me your analysis on this cad/chf FTB. I think I already missed the entry. I understand that you wound't want it to retouch now because that would be a sign of weakness, right? Also would you TT it right at 0.9090 or look for some PA?

Thanks
That zone doesn't have enough substance for my liking - good location though.

FTB's are always a TT - if it's a setup that I don't consider qualifies as a tradable FTB then I will look for PA (except that my PA trading pair list is smaller than the FTB list and for example doesn't include CADCHF).
  • #4,460
  • Feb 25, 2013 3:28pm Feb 25, 2013 3:28pm
Awesome, thanks LJ. Definitely considering joining your room. Watching aud/usd and again already missed the tt, also may have hit the FLR...
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