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  • #5,341
  • Jul 24, 2013 3:21am Jul 24, 2013 3:21am
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)
Attached Image (click to enlarge)
Click to Enlarge Name: 0724EN1H01.png Size: 31 KB
  • #5,342
  • Jul 24, 2013 4:37am Jul 24, 2013 4:37am
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.
  • #5,343
  • Jul 24, 2013 10:31pm Jul 24, 2013 10:31pm
Sold GJ and closed 2/3 for +120 pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 0725GJ15M01.png Size: 30 KB
  • #5,344
  • Jul 25, 2013 4:47am Jul 25, 2013 4:47am
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
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.25.13_Dax_M30.png Size: 66 KB
Click to Enlarge Name: 7.25.13_Dax_M5.png Size: 52 KB
  • #5,345
  • Jul 25, 2013 6:24am Jul 25, 2013 6:24am
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
Attached Image (click to enlarge)
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  • #5,346
  • Jul 26, 2013 1:42am Jul 26, 2013 1:42am
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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dax m30.png Size: 32 KB
Click to Enlarge Name: dax m5.png Size: 30 KB
  • #5,347
  • Jul 29, 2013 9:55am Jul 29, 2013 9:55am
Bought GN and closed 3/4 for +195 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0729GN1H01.png Size: 32 KB
Click to Enlarge Name: 0729GN1H02.png Size: 25 KB
  • #5,348
  • Jul 29, 2013 11:24am Jul 29, 2013 11:24am
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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0729GN1H03.png Size: 28 KB
Click to Enlarge Name: 0728GN1H01.png Size: 30 KB
  • #5,349
  • Jul 29, 2013 1:58pm Jul 29, 2013 1:58pm
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.
Attached Image(s) (click to enlarge)
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  • #5,350
  • Jul 30, 2013 4:15am Jul 30, 2013 4:15am
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)
Click to Enlarge Name: 0730GN15M01.png Size: 22 KB
Click to Enlarge Name: 0730GN15M02.png Size: 26 KB
Click to Enlarge Name: 0730GN1H01.png Size: 34 KB
  • #5,351
  • Jul 30, 2013 7:23am Jul 30, 2013 7:23am
Quoting Balhana
{quote} Sold GN and closed 3/4 for +120 pips. {image} {image} {image}
Still in this trade.
Attached Image (click to enlarge)
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  • #5,352
  • Jul 30, 2013 7:26am Jul 30, 2013 7:26am
Sold EN.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0730EN30M01.png Size: 40 KB
Click to Enlarge Name: 0730en1h01.png Size: 24 KB
  • #5,353
  • Jul 30, 2013 8:24am Jul 30, 2013 8:24am
Quoting Balhana
Sold EN. {image} {image}
Closed 1/2 for +30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0730EN15M01.png Size: 25 KB
  • #5,354
  • Jul 30, 2013 8:27am Jul 30, 2013 8:27am
Quoting Balhana
{quote} Still in this trade. {image}
Moved SL to BE+32.
Attached Image (click to enlarge)
Click to Enlarge Name: 0730GN1H03.png Size: 26 KB
  • #5,355
  • Jul 30, 2013 8:46am Jul 30, 2013 8:46am
Sold EU @ 1.32912 and SL @ 1.3297
Attached Image (click to enlarge)
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  • #5,356
  • Jul 30, 2013 8:52am Jul 30, 2013 8:52am
Quoting Balhana
Sold EU @ 1.32912 and SL @ 1.3297 {image}
Closed 1/2 for +20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0730EU15M01.png Size: 25 KB
  • #5,357
  • Jul 30, 2013 9:14am Jul 30, 2013 9:14am
Quoting Balhana
{quote} Closed 1/2 for +30 pips. {image}
The remainder of EN got stopped out @ BE.
  • #5,358
  • Jul 30, 2013 9:20am Jul 30, 2013 9:20am
Quoting Balhana
{quote} Moved SL to BE+32. {image}
The remainder got stopped out @ BE+55. (+175 pips in total)
Attached Image (click to enlarge)
Click to Enlarge Name: 0730GN5M01.png Size: 24 KB
  • #5,359
  • Jul 30, 2013 9:30am Jul 30, 2013 9:30am
Quoting Balhana
{quote} Closed 1/2 for +20 pips. {image}
Moved SL to BE+1. Where to close??
Attached Image (click to enlarge)
Click to Enlarge Name: 0730EU30M01.png Size: 24 KB
  • #5,360
  • Jul 30, 2013 9:46am Jul 30, 2013 9:46am
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.
Attached Image (click to enlarge)
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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.
Attached Image (click to enlarge)
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Knowing is not enough; we must apply. Willing is not enough; we must do.
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