bought cable, nice beartrap
Pipcrawler
JPY Group - Best Group to Trade 58 replies
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FOREX, Robert Gray, FXLQ, and Nfa/ctfc... PLEASE REPOST IN EVERY GROUP 0 replies
DislikedAnd of course it chose the FB instead of the BO - 0.6R {image}Ignored
DislikedThanks to LJ and 525 for the response to my first charts and post in this thread. Last night I marked up 4H move up on EU as a potential RBR createing a pocket of demand and dropped down into the 5 min to look for a decision point. I also marked what looks to be a major supply area for future reference. 2 charts below.... I then marked up potential FTB entry and S/L placement points (very aggressive, somewhat aggressive, and comfortable for me) on the 5 min and left overnight. I am on EST so this would have been well prior to London open. 3rd chart...Ignored
DislikedGoing to watch ucad... 4H demand zone ( I see a larger one below the one Ive marked up - stacked demand zone??) {image} locating source of breakout on 15 min {image} Defining potential entry and s/l placement {image} defining the FLR on 4HR time frame with additional notes on current PA. i would be watching for a sharp move down in the area I have marked on 1H or 4H...FLR approx 1R away. {image}Ignored
DislikedLooking at eurcad. I was loking at the zone marked on h4 but I see it different when going on LTF. Is it possible to consider it as ignored supply (on the left) turned demand and hence a possible reaction zone? TIA for comments {image} {image}Ignored
DislikedYour analysis of the H4 and lower TF decision point zones is very good i.e. you identified the two exact zones that price (if it was to be a H4 RBR) should respect and it did react at both the latter one being the source of the current move higher today. As a pure FTB setup though the upper one might have some merit but there was clear supply just above which meant not much space but the lower one wouldn't be a traditional FTB setup in that it's not a zone with substance and clear edges (DP's). But if you were looking for a place to go long on the...Ignored
DislikedWhy was your entry so long after the DBD had been formed and retested? Also not a great time of day to be expecting any decent momentum.Ignored
DislikedI bought this FTB on GBPAUD, half risk. {image} Edit: it did juust reach the FLR, but my TP was more ambitious. Closed for a partial loss. {image}Ignored