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- #4,822
- Apr 26, 2013 6:28am Apr 26, 2013 6:28am
I was inspired by Mark's earlier posts about extracting as much R as possible from FBs.
Here's a EURUSD analysis, didn't take the trade as I was entering an EJ short at the same time (a far worse trade).
Bonus: a FTB setup from this morning along with some failed shorts.
Here's a EURUSD analysis, didn't take the trade as I was entering an EJ short at the same time (a far worse trade).
Bonus: a FTB setup from this morning along with some failed shorts.
AUDUSD trade this afternoon, same concepts, using M1 to trade between higher TF zones. {image} {image}
Thanks for your earlier explanation on why you chose the demand area on your chart, It makes sense.
But I could not figure out where you were talking about on the chart where you said
"proper entry was the break and retest rather than the slightly earlier entry I took."
I made a MT4 chart (Eastern Standard Time) and just couldn't see where the break and retest entry points you were talking about should be. Can you explain where they would be ?
Thanks
Borg
May the Forex be with you.
- #4,831
- Apr 29, 2013 7:39am Apr 29, 2013 7:39am
{quote} Hello Freeze: Congratulations on your 4R EURUSD trade on Post# 4,817. I like the way you comment your charts, very clear. On the top two charts on this post what time frame are the charts ? Thanks Borg
Mark, I wanted to thank you for your free EURJPY Weekly Supply analysis video. It's invaluable to see the whole thought process behind finding and managing trades as well as dealing with all the details. I hope you'll make a similar one in the future.
My trades for today:
AUDUSD
USDJPY
- #4,836
- Edited Apr 30, 2013 12:31am Apr 29, 2013 6:14pm | Edited Apr 30, 2013 12:31am
Hello Lovejoy:
Can you comment on my analysis of this potential EURJPY FTB trade.
The 16:05 bar (EST) on the 5 min had good rejection in the blue box so a long could have been taken at the close of that bar with a stop below
the 16:05 bar.
Once price moved above the lower yellow line on the 5 min chart (supply becomes demand) the sl would be moved just below that line.
Exit when price hit the second line 14:00 Low level at 17:50.
My question would be is that correct or should I have exited when price stalled before the 17:05 level ?
Also it took 1 hour 15 min after the 16:05 bar for price to start moving up. This seems long to me. But is it in fact not that long for a
FTB trade ?
Thanks
Borg
Can you comment on my analysis of this potential EURJPY FTB trade.
The 16:05 bar (EST) on the 5 min had good rejection in the blue box so a long could have been taken at the close of that bar with a stop below
the 16:05 bar.
Once price moved above the lower yellow line on the 5 min chart (supply becomes demand) the sl would be moved just below that line.
Exit when price hit the second line 14:00 Low level at 17:50.
My question would be is that correct or should I have exited when price stalled before the 17:05 level ?
Also it took 1 hour 15 min after the 16:05 bar for price to start moving up. This seems long to me. But is it in fact not that long for a
FTB trade ?
Thanks
Borg
May the Forex be with you.
- #4,837
- Apr 30, 2013 1:41am Apr 30, 2013 1:41am
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
- #4,838
- Apr 30, 2013 8:01am Apr 30, 2013 8:01am
Today's VLTF trades so far – 1 BE and 3 winners, totalling about 5R (a wild guess).
Even though some of them lack the probability, speed and minimal drawdown of most LJ's VLTF trades, I feel like I'm improving in that regard.
Had I closed the first USDJPY short now, I could get crazy R of about 20 (of course with massive drawdown), but I prefer consistent profits rather than relying on catching a break.
Even though some of them lack the probability, speed and minimal drawdown of most LJ's VLTF trades, I feel like I'm improving in that regard.
Had I closed the first USDJPY short now, I could get crazy R of about 20 (of course with massive drawdown), but I prefer consistent profits rather than relying on catching a break.