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  • #4,461
  • Feb 25, 2013 5:29pm Feb 25, 2013 5:29pm
Quoting DaGrizlyBull
Daily Retest?

Attachment

H1 SD zone in the BO bars:

Attachment

Edit:

Similar stuff in Silver:

Attachment
EU - I'd view the DBD as the area for the DRT over the SR you marked.
Attached Image(s) (click to enlarge)
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  • #4,462
  • Feb 25, 2013 5:38pm Feb 25, 2013 5:38pm
Quoting DaGrizlyBull
Daily Retest?

Attachment

H1 SD zone in the BO bars:

Attachment

Edit:

Similar stuff in Silver:

Attachment
Silver - coming back on 3rd bar and importantly after hitting clear support and demand. It just looks as if the bearish momentum has temporarily died too.

Entry and SL analysis attached though - you can see that it reacted nicely to M15 demand - not sure I'd expect much of a momentum follow through for the time being though.
Attached Image(s) (click to enlarge)
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  • #4,463
  • Feb 25, 2013 5:40pm Feb 25, 2013 5:40pm
Quoting freeze
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.
True PA works on any TF - there are just other factors you need to bear in mind when trading TF's such as M1, M5 (other than what already mentioned in the vids / webinars) - ability to concentrate, affect of sudden volatility/news etc and increased risk of slippage (and of course the more material affect it can have on your bottom line) etc
  • #4,464
  • Feb 25, 2013 5:42pm Feb 25, 2013 5:42pm
Quoting equivestor12
Awesome, thanks LJ. Definitely considering joining your room. Watching aud/usd and again already missed the tt, also may have hit the FLR...
That's a better one IMO than CADCHF and yes it's already hit the FLR for me too - played out perfectly.
  • #4,465
  • Feb 26, 2013 8:25am Feb 26, 2013 8:25am
I was watching these 3 FTBs today, but I either didn't commit or got stopped out at my premature breakeven.

Marking them and getting in is simple, but trade management and risk control are something I still have to work on. There's also a lot of trades that either stall around my entry, or go straight beyond my stoploss (but not nearly enough to make me doubt FTB's principle).
Attached Image(s) (click to enlarge)
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  • #4,466
  • Feb 26, 2013 1:57pm Feb 26, 2013 1:57pm
Took my first false breakout trade on EURNZD, off the same zone I posted earlier today. Entry on the 1.5850 retest, SL above the breakout bar. I like that you can clearly see exactly where strong sellers entered.
Attached Image (click to enlarge)
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  • #4,467
  • Edited 7:57pm Feb 26, 2013 7:45pm | Edited 7:57pm
I have to admit that i'v never had more fun trading then with S&D...Couldn't figure out the this CHF/JPY, almost seems like there are two levels or I didn't see the first one until it bounced off it. I think it is definitely a nice drop into demand tho....Also its a 61% pullback and price is bouncing off daily support.
Attached Image(s) (click to enlarge)
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  • #4,468
  • Feb 26, 2013 9:35pm Feb 26, 2013 9:35pm
Been massively busy over the last few weeks so back to D1 trading. Recent trade attached.
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  • #4,469
  • Feb 27, 2013 2:48pm Feb 27, 2013 2:48pm
A little FTB on GBPAUD I caught today. I thought about holding it a little longer because the demand that stood in the way was already retested multiple times (and therefore weak), but I didn't fancy the 2-3 hour consolidation period.

Did anyone else get into any FTBs or FBs today?
Attached Image (click to enlarge)
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  • #4,470
  • Feb 27, 2013 4:16pm Feb 27, 2013 4:16pm
Quoting freeze
A little FTB on GBPAUD I caught today. I thought about holding it a little longer because the demand that stood in the way was already retested multiple times (and therefore weak), but I didn't fancy the 2-3 hour consolidation period.

Did anyone else get into any FTBs or FBs today?
It's been extremely slow today, I am in a ANZD long right now, but have had fair share of frustrations this week with a Dow short triggering during news an EAUD coming very close and hitting FLR (order then cancelled only for it to work out) and then EAUD again today miss the area I wanted to short from (as it reacted to the last DP within ignored demand to the left).

I passed on the GAUD as not quite enough substance to that zone for me, but nicely played.
Attached Image(s) (click to enlarge)
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  • #4,471
  • Feb 27, 2013 4:42pm Feb 27, 2013 4:42pm
Missed this entry ...maybe I should start using limit orders. It went down so fast I don't know any other way I could have caught the trade.
Attached Image (click to enlarge)
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  • #4,472
  • Feb 28, 2013 2:30am Feb 28, 2013 2:30am
Quoting equivestor12
Missed this entry ...maybe I should start using limit orders. It went down so fast I don't know any other way I could have caught the trade.
I only ever use limit orders myself with FTB's.
  • #4,473
  • Feb 28, 2013 2:34am Feb 28, 2013 2:34am
Quoting lovejoy80
It's been extremely slow today, I am in a ANZD long right now, but have had fair share of frustrations this week with a Dow short triggering during news an EAUD coming very close and hitting FLR (order then cancelled only for it to work out) and then EAUD again today miss the area I wanted to short from (as it reacted to the last DP within ignored demand to the left).

I passed on the GAUD as not quite enough substance to that zone for me, but nicely played.
Closed my remaining portion of ANZD when I saw how it reacted to what was very minor news. It was clear that I was likely to get stopped out if I'd left the trade in play with bigger news out later, lower liquidity sessions coming up and wildly increased spreads that would also result from these conditions.
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  • #4,474
  • Feb 28, 2013 6:52am Feb 28, 2013 6:52am
An FB from this morning - GCAD M15 for +1.61R

There was also good confluence from GU on this one as GU was showing signs of a further drop and this whole move was a broad GBP leave move rather than a CAD move.
Attached Image (click to enlarge)
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  • #4,475
  • Mar 1, 2013 9:17am Mar 1, 2013 9:17am
1) Sold EUR/CAD @ 1.3465 (3 lots).
2) Closed 2/3 @ 1.3440 (+50 pips).
3) Added one @ 1.3450 (2 lots now)
4) Closed added one @ 1.3420 for +30 pips.
5) Moved SL to 1.3410
Attached Image (click to enlarge)
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  • #4,476
  • Mar 1, 2013 9:58am Mar 1, 2013 9:58am
Quoting Balhana
1) Sold EUR/CAD @ 1.3465 (3 lots).
2) Closed 2/3 @ 1.3440 (+50 pips).
3) Added one @ 1.3450 (2 lots now)
4) Closed added one @ 1.3420 for +30 pips.
5) Moved SL to 1.3410
Hit my final TP (@ 1.3345) for +120 pips (+200 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: ECAD 1H 02.jpg Size: 349 KB
  • #4,477
  • Mar 1, 2013 10:06am Mar 1, 2013 10:06am
Quoting Balhana
Hit my final TP (@ 1.3345) for +120 pips (+200 pips in total).
Nice trade! What was the reasoning behind it? Did you trade it as a false breakout?
  • #4,478
  • Mar 1, 2013 10:23am Mar 1, 2013 10:23am
Quoting Balhana
Hit my final TP (@ 1.3345) for +120 pips (+200 pips in total).
Nice one!

FB into Supply + Compression (Demand was consumed inside the wedge)? I like the way it dropped like a rock
I don't need easy. I just need possible.
  • #4,479
  • Mar 1, 2013 10:58am Mar 1, 2013 10:58am
Quoting freeze
Nice trade! What was the reasoning behind it? Did you trade it as a false breakout?
Take a look at EUR/CAD 1H and 5M charts.
Attached Image(s) (click to enlarge)
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  • #4,480
  • Mar 1, 2013 11:32am Mar 1, 2013 11:32am
Limit sell (one lot) @ 93.20 expecting Bull Trap (False Breakout of the Wedge), but got stopped out @ 93.55 for -35 pips. Don't like TT trading.
Attached Image (click to enlarge)
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