LJ Forex Group

Personally I don't trade FTB's on anything higher than the H4 TF.

When I talk about a zone having substance I mean in terms of the zone height and width - it's got to look like a zone that has meaning, rather than just a blip on the chart.

That means for me zones that represented by 2 bars don't have substance for an FTB trade just like a zone 3 pips wide on a H4 EU chart doesn't have substance. A little bit of common sense has to be applied and overall the zones have to look obvious on the TF in question.

Couple of recent examples of classic FTB zones attached.

Not sure what you mean regarding the order flow having been played out with zones that have many bars - the order-flow behind an FTB trade only comes into play once price has left the zone not during the zone being created.

A zone with many bars will likely just be an SR - the important parts of an FTB setup are:

 

1. The zone/SR - for a zone substance, clear edges (DP's - something price had to break). For an SR - clear, concise, more touches the better.
2. The breakout - clear strong momentum breakout (stronger than the momentum before the breakout)
3. The return - arc like return.

Then we have to consider the other nuances with the price approach (impulsive moves, basing, close approach and move away etc)

Those are the three variables that lead to the order-flow dynamics behind an FTB, nothing to do with the number of bars within the zone itself.

Thank you. Makes perfect sense to me.

Huk

FTB, DRT, FB setups that have triggered so far this week:

1. GBPCHF DRT

2. USDCAD H4 FB

Well, H12 FB at H4 location with M5 pullback entry.

3. AUDJPY M15 FTB

AUDUSD M15 FTB combined with a PA trade.

GBPCAD M15 FTB

Yesterday's two other HTF PA trades (in addition to the AUDUSD one described earlier).

1. EURUSD

2. EURGBP

A busy Asia session with 4 FTB's (as discussed in the Skype group). Three hit their FLR, one was a losing setup.

1. ANZD

2. NZDJPY

3. NZDUSD

4. USDJPY

MT4 Push notifications for android, as per Martin request on Skype Group (FTB, DRT, FB)

Here is an amended version of indicator which Mark posted. On my request one of the programmer at FF was able to modify alerts, so that now we could receive it on android phone too.

Here is how it works:

1) Attach indicator to your chart and if you want alerts to receive on your android phone then change indicator parameters form false to true

PushNotifications= True
EmailON = True

You need to download MT4 version for Desktop as well as for your phone from Google Play Store. I use Armada Broker. Once you have downloaded it on your phone and desktop you need to use same account info on both platform.

Login to your android MT4 and click bottom left button and go to settings and write down your MetaQuotes ID _ _ _ _ _ _. Now open your desktop MT4 - Tools - Options - Notifications and enable push notifications and write your metaquotes id and click ok.

From thereon whenever you put alerts on your desktop charts and if price hit that level you would get an instant message on your android phone.

Edit: For Sounds alert to work: it is necessary to disable 'alert.wav' by double clicking it.
In MT4 go to: Tools > Options > Events > alert.wav (double click on it that it gets red cross on it).
Otherwise you will not hear an alert for corresponding pair but same alert for all pairs.
Also sounds from zip file should be extracted and placed to your default MT4 installation folder, like: "C:\Program Files (x86)\MetaTrader 4 xxxx\Sounds"

Here is another indicator I use for risk management

1) Drag and drop line for instant risk to reward ratio

2) You could enter your desired custom equity and account risk and it will show how many lots to trade, risk, reward, sl in pips, tp in pips etc.

I hope it's helpful.

Hey LJ,

Something's wrong with your website. Doesn't work anymore, looks like your domain has expired or some DNS issue? It's like this for a while already.

Cheers,

Thanks for these

Thanks, it's a temporary problem with my hosting provider "t[highlight=rgb(249, 249, 249); font-family:helveticaneue,helvetica neue,helvetica,arial,verdana,sans-serif; white-spacere-wrap]here appears to be a problem with the DNS server directing the domain names incorrectly our admins are working on the problem".[/highlight]

AUDJPY DRT setup from Friday.