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  • #5,661
  • Dec 9, 2013 8:45am Dec 9, 2013 8:45am
Martin,

You have a PM.

Warren
I need to finish something i started
  • #5,662
  • Dec 9, 2013 11:43am Dec 9, 2013 11:43am
Quoting Martin600
Hey Mark, I have just watched your videos about the daily retest. I am new here so I would be glad to know your opinion about my audchf chart. Is the location and my SL placement OK? By the way perfect work here {image} {image}
The area itself is not concise enough IMO for the DRT.

But the entry and SL placement rationale looks fine to me.
  • #5,663
  • Dec 9, 2013 11:47am Dec 9, 2013 11:47am
Quoting jtm
The one I was willing to take, EU: compression + Bear trap + ignored demand turned to supply... But momentum seems too bullish for me, maybe waiting for a retest is more prudent: When do yo use to wait for a retest and when you do not? {image}
I agree that the momentum is too bullish there. It looks more like a pullback to new demand following the bullish move into supply than a bull trap - also don't see any compression either.
  • #5,664
  • Dec 9, 2013 11:49am Dec 9, 2013 11:49am
Quoting mtrader123
{quote} Hello Mark, I thought I get it but then I saw today that you are waiting for an FTB on GBPCAD. I am perplexed now. I cant see the difference in the gbpcad zone and my USDCHF zone. The usdchf zone you highlighted seems to have even more substance (more bars) than the GBPCAD zone and yet you did not like it. Could you please explain? I am lost. Thank you in advance.. {image}
The difference is that UCHF is an SR FTB with an RBR prior to the BO (and that RBR has clear multiple DP's at the SR level) whereas the UCHF is just a supply zone without substance, without clear DP's and no SR.
  • #5,665
  • Dec 9, 2013 2:11pm Dec 9, 2013 2:11pm
Quoting lovejoy80
{quote} I agree that the momentum is too bullish there. It looks more like a pullback to new demand following the bullish move into supply than a bull trap - also don't see any compression either.

You were right, sir. I was comparing previous downside momentum to the actual rally, seem like the drop was much harder so I think there can be a good shorting opportunity. I was expecting a drop at gold marked level, but no enough signals for now.

http://charts.mql5.com/3/285/eurusd-...extime-ltd.png

GU setup worked pretty well, but I didnt take it. Daily supply scared me of taking a long at after the bear trap, despite bull momentum against the bear one:

http://charts.mql5.com/3/285/gbpusd-...extime-ltd.png



Thank you for you comment, LJ, really appreciate it.
  • #5,666
  • Dec 10, 2013 1:40am Dec 10, 2013 1:40am
Quoting bigwal
Martin, You have a PM. Warren
Thanks, you too..
  • #5,667
  • Dec 10, 2013 1:41am Dec 10, 2013 1:41am
Quoting lovejoy80
{quote} The difference is that UCHF is an SR FTB with an RBR prior to the BO (and that RBR has clear multiple DP's at the SR level) whereas the UCHF is just a supply zone without substance, without clear DP's and no SR.
All right, I get it. Thank you.
  • #5,668
  • Dec 10, 2013 3:20am Dec 10, 2013 3:20am
GBPUSD M15 FTB - not really enough value in this one in the end but it triggered before I'd realised that was the case. +0.6R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu m15.png Size: 33 KB
Click to Enlarge Name: gu m15 2.png Size: 18 KB
Click to Enlarge Name: gu m1.png Size: 21 KB
  • #5,669
  • Dec 10, 2013 3:21am Dec 10, 2013 3:21am
USDJPY PA trade for +2R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj m5.png Size: 36 KB
Click to Enlarge Name: uj m15.png Size: 31 KB
Click to Enlarge Name: uj m1.png Size: 34 KB
  • #5,670
  • Dec 10, 2013 3:26am Dec 10, 2013 3:26am
My limit order was missed on this potential USDJPY long not long after the short trade above. Was another circa 2R opportunity.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj m5 2.png Size: 44 KB
Click to Enlarge Name: uj m2.png Size: 34 KB
Click to Enlarge Name: uj m1 2.png Size: 45 KB
  • #5,671
  • Dec 10, 2013 5:39am Dec 10, 2013 5:39am
AUDJPY Breakout trade for +1R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj m30.png Size: 27 KB
Click to Enlarge Name: aj m5.png Size: 31 KB
Click to Enlarge Name: aj m1.png Size: 31 KB
  • #5,672
  • Dec 10, 2013 5:42am Dec 10, 2013 5:42am
GBPUSD - general PA trade for +3.26R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu m30.png Size: 28 KB
Click to Enlarge Name: gu m15.png Size: 27 KB
Click to Enlarge Name: gu m5.png Size: 27 KB
Click to Enlarge Name: gu m1.png Size: 47 KB
  • #5,673
  • Dec 10, 2013 9:20am Dec 10, 2013 9:20am
USDJPY PA trade +3.89R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj m5 3.png Size: 32 KB
Click to Enlarge Name: uj m1 3.png Size: 36 KB
  • #5,674
  • Dec 10, 2013 10:24am Dec 10, 2013 10:24am
Final USDJPY trade of the day for +3R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj m30.png Size: 20 KB
Click to Enlarge Name: uj m5 4.png Size: 31 KB
Click to Enlarge Name: uj m1 4.png Size: 46 KB
  • #5,675
  • Dec 11, 2013 6:15am Dec 11, 2013 6:15am
Two FTB's that triggered overnight on ANZD and GCAD.

Charts showing the setup (in this case they are both M15) and then zoomed in M1 charts showing the entry, SL and exit thought process.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: anzd m15.png Size: 31 KB
Click to Enlarge Name: anzd m1.png Size: 30 KB
Click to Enlarge Name: gaud m15.png Size: 46 KB
Click to Enlarge Name: gaud m1 1.png Size: 55 KB
Click to Enlarge Name: gaud m1 2.png Size: 37 KB
  • #5,676
  • Dec 11, 2013 6:18am Dec 11, 2013 6:18am
Two more FTB's this morning, this time they were cancelled.

First one was a GCAD M15 trade, but cancelled due to the impulsive move.

Second one as an NCAD M15 setup, but cancelled due to a) the reaction at slightly higher demand in a manner that would have been looking for in the FTB trade up to the same TP area and thus creating a new base and b) new supply formed within that rejection meaning no value in the setup anymore.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gcad 1.png Size: 23 KB
Click to Enlarge Name: ncadd.png Size: 33 KB
  • #5,677
  • Dec 11, 2013 6:19am Dec 11, 2013 6:19am
USDJPY PA trade for +2.13R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj m5.png Size: 45 KB
Click to Enlarge Name: uj m1.png Size: 51 KB
  • #5,678
  • Dec 12, 2013 11:01am Dec 12, 2013 11:01am
Anyone who knows what I did wrong here ? It was nice supply zone with clear resistance on hourly . Was the move to the are too impulsive ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm15.png Size: 40 KB
  • #5,679
  • Dec 12, 2013 11:38am Dec 12, 2013 11:38am
I can see few faults:
1. Your supply is much higher then you marked
2. you had to wait for PA confirmation
3. if you think your Supply was like you marked, why your SL placed inside it?

Keep studying price, pal.
Failing trades are part of the journey.

G
  • #5,680
  • Dec 16, 2013 11:20am Dec 16, 2013 11:20am
A few FTB´s I had marked marked but I missed because I wasn´t around
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadchfm15.png Size: 48 KB
Click to Enlarge Name: cadchfm5.png Size: 22 KB
Click to Enlarge Name: gbpcadm15.png Size: 40 KB
Click to Enlarge Name: gbpcadm5.png Size: 22 KB
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