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Quoting Balhana
{quote} Tempted to close the remainder of EN.... but will wait because the other side TL is broken after bull/bear trap more often than not. Spotted bull trap on NU but chose EN long. {image} {image}
Closed the remainder (1/4) of EN for +175 pips. (+300 pips in total)
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Quoting Balhana
{quote} Closed the remainder (1/4) of EN for +175 pips. (+300 pips in total) {image}

CRAZY GOOD TRADE!!!!!!!!
Knowing is not enough; we must apply. Willing is not enough; we must do.
Sold GJ and closed 2/3 for +120 pips.
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Hi all.

Hoping to join in with this excellent thread. My question is about this Dax FTB. My query is whether it is valid to trade these back at SR levels like this one rather than SD zones? My concern is that although it is a clear level an SR level doesn't have 'substance' like we would look for in an SD zone. Does anyone have any further thoughts about this one?

Also I have a 2nd question about stop placement which is shown in the M5 chart.

Thanks in advance,
WWJ
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Quoting Balhana
Sold GJ and closed 2/3 for +120 pips. {image} {image}
Hit my final TP AFTER hunting my stop. Damn!! +128 pips in total
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Quoting whenwilljack
Hi all. Hoping to join in with this excellent thread. My question is about this Dax FTB. My query is whether it is valid to trade these back at SR levels like this one rather than SD zones? My concern is that although it is a clear level an SR level doesn't have 'substance' like we would look for in an SD zone. Does anyone have any further thoughts about this one? Also I have a 2nd question about stop placement which is shown in the M5 chart. Thanks in advance, WWJ {image} {image}
I trade FTB's at two locations, SR levels and SD zones - you can find full explanations of how I approach both via the videos on my website.

With regards the Dax, this is a good SR FTB. SL placement could have been below either of the areas you marked, although the source of the move for me is slightly higher as per the M5 chart below.
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Bought GN and closed 3/4 for +195 pips.
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Quoting Balhana
Bought GN and closed 3/4 for +195 pips. {image} {image}
Closed the remainder for +110 pips (+305 pips in total). The second chart was my plan before this trade.
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Quoting Balhana
{quote} Closed the remainder for +110 pips (+305 pips in total). The second chart was my plan before this trade. {image} {image}
I had same price expectations for GN due to my method & entered the trade on friday, but due to some spike was taken out of my trade to see the price trading as per my expectation today. What hurts is I dont see that spike in your chart, why? was my broker did some hanky panky trick to spike me or what ? Which broker is good to trade real money, a good size real money. Charts are attached for you guys to compare the spiked price level & time.
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Quoting Balhana
{quote} Closed the remainder for +110 pips (+305 pips in total). The second chart was my plan before this trade. {image} {image}
Sold GN and closed 3/4 for +120 pips.
Attached Image(s) (click to enlarge)
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Quoting Balhana
{quote} Sold GN and closed 3/4 for +120 pips. {image} {image} {image}
Still in this trade.
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Sold EN.
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Quoting Balhana
Sold EN. {image} {image}
Closed 1/2 for +30 pips.
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Quoting Balhana
{quote} Still in this trade. {image}
Moved SL to BE+32.
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Sold EU @ 1.32912 and SL @ 1.3297
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Quoting Balhana
Sold EU @ 1.32912 and SL @ 1.3297 {image}
Closed 1/2 for +20 pips.
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Quoting Balhana
{quote} Closed 1/2 for +30 pips. {image}
The remainder of EN got stopped out @ BE.
Quoting Balhana
{quote} Moved SL to BE+32. {image}
The remainder got stopped out @ BE+55. (+175 pips in total)
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Quoting Balhana
{quote} Closed 1/2 for +20 pips. {image}
Moved SL to BE+1. Where to close??
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Quoting Balhana
{quote} Moved SL to BE+1. Where to close?? {image}
Superb trade Balhana.

I took a short, but was a pre-emptive strike, and got stopped out by the bull trap.
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Just a note for you (since u're holding). DX is at a clean SR flip and supply level. Maybe see some dollar's weakness here.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
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