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  • #4,501
  • Mar 12, 2013 5:56pm Mar 12, 2013 5:56pm
Finally got to review my charts, here are a couple of recent zones I had marked but hadn't traded. I didn't mark LTF decision points or FLRs on all of them + some zones make more sense when you zoom in/out.

I should be filthy rich once I stop drawing and start trading
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  • #4,502
  • Mar 13, 2013 6:38am Mar 13, 2013 6:38am
Quoting fxterrapin
lovejoy80,

I see that you have an MT4 setup with a DAX feed. The MT4 feed suppliers that I use keep removing the stock indicies. Which MT4 version/broker are you using?

Thank you!
fxt
I use FxPro for Indices as I trade the futures not as a CFD - I trade them through ProSpreads though, though trading on Indices as been sparse lately.
  • #4,503
  • Mar 13, 2013 7:21am Mar 13, 2013 7:21am
Quoting freeze
Finally got to review my charts, here are a couple of recent zones I had marked but hadn't traded. I didn't mark LTF decision points or FLRs on all of them + some zones make more sense when you zoom in/out.

I should be filthy rich once I stop drawing and start trading
Similar to that GCHF FB there was a nice one on ECAD yesterday (as well as last Friday)
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  • #4,504
  • Mar 13, 2013 7:31am Mar 13, 2013 7:31am
Quoting lovejoy80
Similar to that GCHF FB there was a nice one on ECAD yesterday (as well as last Friday)
Good catch, I would have thought the close was weak on the ECAD FB. I never really look for these little "trend" lines.

There was also a very decent GBPUSD FB today, though +1R didn't satisfy me and I took a full loss.
Attached Image (click to enlarge)
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  • #4,505
  • Mar 13, 2013 7:55am Mar 13, 2013 7:55am
Quoting freeze
Good catch, I would have thought the close was weak on the ECAD FB. I never really look for these little "trend" lines.

There was also a very decent GBPUSD FB today, though +1R didn't satisfy me and I took a full loss.
The PA stands out more than anything else on the ECAD - clear LS+reversal that (if you zoom in a bit) consumed opposing demand.

FTB's have been quiet recently but EU worked out nicely this morning (EU M15)
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  • #4,506
  • Mar 13, 2013 9:54am Mar 13, 2013 9:54am
Is it Whipsaw Engufing pattern in the red circle.

I cut my trade with loss...

Please,,,give me an advice...
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  • #4,507
  • Mar 14, 2013 12:49pm Mar 14, 2013 12:49pm
I guess I picked the wrong day to mess with GBP. Luckily I cut EURGBP very early after it bounced off the FLR, unfortunately I wasn't around for most of GBPUSD.

I also noticed a QM/Bulltrap on USDJPY, but I wasn't home to trade it.


It would seem most of my losses are because of fundamental rather than technical reasons
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  • #4,508
  • Mar 14, 2013 4:16pm Mar 14, 2013 4:16pm
Quoting the12secret
Is it Whipsaw Engufing pattern in the red circle.

I cut my trade with loss...

Please,,,give me an advice...
It looks like your trade was based on a return to the ignored demand, for me you have to consider how price is approaching the zone and the price action at the zone - I don't see anything based on your charts that suggest price should react there...
  • #4,509
  • Mar 14, 2013 4:27pm Mar 14, 2013 4:27pm
Quoting freeze
I guess I picked the wrong day to mess with GBP. Luckily I cut EURGBP very early after it bounced off the FLR, unfortunately I wasn't around for most of GBPUSD.

I also noticed a QM/Bulltrap on USDJPY, but I wasn't home to trade it.


It would seem most of my losses are because of fundamental rather than technical reasons
I didn't have either of those FTB setups on my radar, EG is too far in the past for me on that TF and the zone edges (and thus DP's) are not well defined - the trade did the minimum you could have expected of it i.e. hit the FLR.

The area on GU is just not clear enough for me I mean its a RBD made up of 2 bars essentially - that's not enough substance for me especially compared with how price approached the area.

Yes, the UJ setup was a nice one IMO.
  • #4,510
  • Mar 14, 2013 4:36pm Mar 14, 2013 4:36pm
Two trades for me today a nice winner on a UCHF FB (original SL @ 0.95585) and then gave some back on an FTB loser on the same pair - clearly reduced position size on the FTB given the impulsive move into the area - could definitely argue it was worth cancelling the trade too.
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  • #4,511
  • Mar 15, 2013 8:59am Mar 15, 2013 8:59am
sold fiber @ 2H-supply, bit late entry cose I saw the setup a little bit late. Optimal entry would be @ the pullback to disrespected demand
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Pipcrawler
  • #4,512
  • Mar 15, 2013 9:10am Mar 15, 2013 9:10am
Quoting xmzhang
sold fiber @ 2H-supply, bit late entry cose I saw the setup a little bit late. Optimal entry would be @ the pullback to disrespected demand
Closed trade @ FTA @ the base of a 5m-pole
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Pipcrawler
  • #4,513
  • Mar 15, 2013 9:17am Mar 15, 2013 9:17am
@ xmzhang,

very nice and good to hear from you !

Re-reading a lot of posts at the moment and your entries are always extremely helpful.

Cheerio,

Mike
Be like water.
  • #4,514
  • Mar 15, 2013 11:05am Mar 15, 2013 11:05am
Sold EUR/NZD @ 1.5836 and closed 2/3 @ 1.5795 for +82 pips. SL to BE+1
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  • #4,515
  • Mar 15, 2013 4:26pm Mar 15, 2013 4:26pm
Quoting Balhana
Sold EUR/NZD @ 1.5836 and closed 2/3 @ 1.5795 for +82 pips. SL to BE+1
H balhana,
your charts aee very impressive. Can you plese advise your tading plan with trendline?
  • #4,516
  • Mar 15, 2013 9:12pm Mar 15, 2013 9:12pm
Quoting hlakhani
H balhana,
your charts aee very impressive. Can you plese advise your tading plan with trendline?
I use trendlines to visualize some setups like "Bull/Bear Traps" and "3 Taps into SD". Take a look at some examples below.
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  • #4,517
  • Mar 17, 2013 7:34am Mar 17, 2013 7:34am
Quoting hlakhani
H balhana,
your charts aee very impressive. Can you plese advise your tading plan with trendline?
Hey Hlakhani,

Each trade has its own parameters and characteristics. So I have no rigid rules about trendlines. Take a look at one more example (Bull Trap on AUD/CHF 4H) on how to use trendlines. Actually I missed this opportunity.
Attached Image(s) (click to enlarge)
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  • #4,518
  • Mar 18, 2013 12:35am Mar 18, 2013 12:35am
CHF/JPY 1H
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  • #4,519
  • Mar 18, 2013 6:21am Mar 18, 2013 6:21am
Just got into this Bulltrap off a Daily Close area on USDCHF, I might widen the stop a bit based on LTF.
FLS near 0.9428.
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  • #4,520
  • Mar 18, 2013 6:39am Mar 18, 2013 6:39am
Thanks Balhana. I like your way of trading. I will try and spot similar set ups...
Quoting Balhana
CHF/JPY 1H
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