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  • #5,441
  • Aug 11, 2013 1:23pm Aug 11, 2013 1:23pm
Quoting 5.25
There are days when DAX is an absolute dream to watch. Clearly took profits too early on that final BO. {image}
It's the main thing I like about the Dax when I used to watch it...common illiquidity spikes which were predictable.
  • #5,442
  • Aug 11, 2013 1:28pm Aug 11, 2013 1:28pm
Quoting Myst1z
Hi Mark, I found the following FTB setups, could you share your view on whether they are valid/good setups? {image} {image} Also, a question just popped into my mind. When considering say a FTB short setup, would you be concerned if price is coming from a HTF demand zone? Or it doesn't matter as long as the RR of the trade is still good? A good example would be AUDCHF above which is actually coming from daily demand. Appreciate your input, thanks!
I don't like the metals for FTB's myself, had a much lower expectancy on them over a significant period relative to FX so stopped trading them.

ACHF has a lot of good history at that level, but the one thing that concerns me is the lack of a concise breakout...if you zoom in a bit you'll see the breakout wasn't clean. But the level itself (and associated history) and overall breakout from that area is good so I'd probably go in with less risk (note I don't trade Asia on Sunday so wouldn't take it tonight if it hit).

My FLS would be the former supply to the left above the demand you've marked at this point.
  • #5,443
  • Aug 11, 2013 9:35pm Aug 11, 2013 9:35pm
Bought UJ and closed 2/3 for +100 pips.
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  • #5,444
  • Aug 11, 2013 11:53pm Aug 11, 2013 11:53pm
Quoting lovejoy80
{quote} I don't like the metals for FTB's myself, had a much lower expectancy on them over a significant period relative to FX so stopped trading them. ACHF has a lot of good history at that level, but the one thing that concerns me is the lack of a concise breakout...if you zoom in a bit you'll see the breakout wasn't clean. But the level itself (and associated history) and overall breakout from that area is good so I'd probably go in with less risk (note I don't trade Asia on Sunday so wouldn't take it tonight if it hit). My FLS would be the former...
Hi Mark, great points there. On the AUDCHF I also noticed a DBD supply on the H1 (0.853ish level) just before the FTB level. I'm guessing you'll cancel the order if price reacts there as the profit margin will then be too small. Thanks for your comments!
  • #5,445
  • Aug 12, 2013 2:29am Aug 12, 2013 2:29am
Quoting Balhana
Bought UJ and closed 2/3 for +100 pips. {image} {image} {image}
Moved SL to BE+25
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  • #5,446
  • Aug 12, 2013 2:34am Aug 12, 2013 2:34am
Sold AU and closed 2/3 for +80 pips.
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  • #5,447
  • Aug 12, 2013 2:49am Aug 12, 2013 2:49am
Quoting Myst1z
{quote} Hi Mark, great points there. On the AUDCHF I also noticed a DBD supply on the H1 (0.853ish level) just before the FTB level. I'm guessing you'll cancel the order if price reacts there as the profit margin will then be too small. Thanks for your comments!
It would depend on how much I like the area and how material the rejection was from the lower DBD.

Take my twitter comments on the EAUD for example...
  • #5,448
  • Aug 12, 2013 3:14am Aug 12, 2013 3:14am
Quoting Balhana
Sold AU and closed 2/3 for +80 pips. {image} {image} {image}
Closed the remainder of AU for +55 pips. (+135 pips in total)
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  • #5,449
  • Aug 12, 2013 7:18am Aug 12, 2013 7:18am
Quoting Balhana
{quote} Moved SL to BE+25 {image}
SL to BE+50
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  • #5,450
  • Aug 12, 2013 8:11am Aug 12, 2013 8:11am
Quoting Balhana
{quote} SL to BE+50 {image}
Closed the remainder of UJ for +65 pips. (+165 pips in total)
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  • #5,451
  • Aug 12, 2013 8:47am Aug 12, 2013 8:47am
Quoting Balhana
{quote} Closed the remainder of UJ for +65 pips. (+165 pips in total)
you win all the time?? i wish i could do that...
  • #5,452
  • Aug 12, 2013 11:27am Aug 12, 2013 11:27am
Sold NJ
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  • #5,453
  • Aug 12, 2013 12:21pm Aug 12, 2013 12:21pm
Bought EN and closed 2/3 for +110 pips.
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  • #5,454
  • Aug 12, 2013 12:38pm Aug 12, 2013 12:38pm
Quoting Balhana
Sold NJ {image}
Closed all (3/3) for +36 pips. Closed also the remainder of EN for +50 pips. Sleepy.... Calling it a day.
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  • #5,455
  • Aug 12, 2013 12:43pm Aug 12, 2013 12:43pm
Quoting 200km
{quote} you win all the time?? i wish i could do that...
You can do it. Very easy. Post your winners only sometimes in real time.
  • #5,456
  • Aug 12, 2013 1:12pm Aug 12, 2013 1:12pm
Quoting Balhana
{quote} Closed all (3/3) for +36 pips. Closed also the remainder of EN for +50 pips. Sleepy.... Calling it a day. {image}
Brushed my teeth, came back to the computer, and found that it hit my initial TP1. Damn!!
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  • #5,457
  • Aug 13, 2013 9:06am Aug 13, 2013 9:06am
bought GU, nice beartrap
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Pipcrawler
  • #5,458
  • Aug 13, 2013 9:19am Aug 13, 2013 9:19am
Quoting xmzhang
bought GU, nice beartrap {image}
Price shot up and the market gave me 80 pips within a few minutes and before I could take some profit it took back most of my profits ......... WTF
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Pipcrawler
  • #5,459
  • Aug 13, 2013 10:16pm Aug 13, 2013 10:16pm
Quoting xmzhang
{quote} Price shot up and the market gave me 80 pips within a few minutes and before I could take some profit it took back most of my profits ......... WTF {image}
You are not lucky enough Market is always crazy and makes people crazy, too.
  • #5,460
  • Aug 14, 2013 8:17am Aug 14, 2013 8:17am
Sold U/CHF.
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