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  • #5,861
  • Apr 4, 2014 3:44am Apr 4, 2014 3:44am
3. USDCAD
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  • #5,862
  • Apr 8, 2014 2:55am Apr 8, 2014 2:55am
GBPUSD H4 FTB
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  • #5,863
  • Apr 8, 2014 5:44am Apr 8, 2014 5:44am
Hey Mark, is your email working? sent some emails but i think you did not get them, i also tried the new one too.
.
  • #5,864
  • Apr 10, 2014 1:30am Apr 10, 2014 1:30am
FTB's for the Tuesday and Wednesday:

Tuesday

1. USDJPY

2. AUDCHF

3. USDJPY - reduced to half risk because of the time it took for price to come back, meaning the SR had lost some of it's importance. Cancelled in the end due to the consolidation (base) that had built up due to the reaction to the upper edges of supply and thus more likely that this was going to be a DBD if price broke out to the downside.
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  • #5,865
  • Apr 10, 2014 1:33am Apr 10, 2014 1:33am
Wednesday


1. AUDNZD - target would be the SR or the CP up to supply given that there was technically no supply within the SR anymore.

2. NZDUSD - cancelled due to the close approach and thus no value in the setup.

3. EURAUD - cancelled due to price just missing entry and hitting FLS.

Note that that could have got into the bigger move with the FB off the previous approach and the wedge after hitting higher supply. An FTB of that higher supply is the type of trade I'll be discussing in my upcoming advanced FTB webinar series.
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  • #5,866
  • Apr 10, 2014 1:34am Apr 10, 2014 1:34am
(Cont...)

4. AUDJPY - question marks over the impulsive approach but not clear cut either way, a half position size loss.

5. CADJPY - cancelled due to question marks over the target/value and close proximity to FOMC.
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  • #5,867
  • Apr 16, 2014 1:46pm Apr 16, 2014 1:46pm
FTB last night ... and with that this is my last post on FF as have decided to no longer post on public forums.
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  • #5,868
  • Apr 17, 2014 4:47am Apr 17, 2014 4:47am
Quoting lovejoy80
... my last post on FF as have decided to no longer post on public forums.
final stage of every successful trader on FF .. thanks for all, wish you all the best and take care!
  • #5,869
  • Jun 1, 2014 4:13pm Jun 1, 2014 4:13pm
A great trader
Too bad you're leaving :/
  • #5,870
  • Sep 2, 2014 6:35pm Sep 2, 2014 6:35pm
it is like maradona teaching how to play soccer in this thread......

if one'd learn trading taught by great traders.
  • #5,871
  • Oct 18, 2014 6:57pm Oct 18, 2014 6:57pm
Hello!

First of all...this thread is great; it's basically the blueprint of price movement...love it!!

Secondly...I have a question:

Are there good reasons not to buy at the marked demand levels?? From my point of view price had good momentum going up so when returning at the decision point I thought at least a small bounce should form.

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Can anyone help?? Thank you
  • #5,872
  • Oct 19, 2014 10:39am Oct 19, 2014 10:39am
Quoting MisterC
Hello! First of all...this thread is great; it's basically the blueprint of price movement...love it!! Secondly...I have a question: Are there good reasons not to buy at the marked demand levels?? From my point of view price had good momentum going up so when returning at the decision point I thought at least a small bounce should form. {image} Can anyone help?? Thank you
Here is my answer to your question. You are analyzing a M1 demand zone in complete isolation without any higher time frame SR or SD confluence. This thread is more about M15 and above time frame based trades. However, there is other thread by LJ where there are very lower time frames trade examples, but those are also taken based on higher time frame price action and at important decision points.

Here is your same chart on M15 and H4, Do you see any reason to take a long trade based on these charts. Price clearly broken last support level with high momentum on M15 time frame. In fact the best trade would have been retest of broken support level on M1 charts.
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The purpose of knowledge is action, not knowledge
  • #5,873
  • Oct 19, 2014 3:37pm Oct 19, 2014 3:37pm
Quoting alifari
{quote} Here is my answer to your question. You are analyzing a M1 demand zone in complete isolation without any higher time frame SR or SD confluence. This thread is more about M15 and above time frame based trades. However, there is other thread by LJ where there are very lower time frames trade examples, but those are also taken based on higher time frame price action and at important decision points. Here is your same chart on M15 and H4, Do you see any reason to take a long trade based on these charts. Price clearly broken last support level...
I took the retest on M1 . I get it now...those M1 up moves were basically consuming demand from the past, there was no new demand formed!

Thank you for your answer!
  • #5,874
  • Oct 19, 2014 3:52pm Oct 19, 2014 3:52pm
Quoting MisterC
{quote} I took the retest on M1 . I get it now...those M1 up moves were basically consuming demand from the past, there was no new demand formed! Thank you for your answer!
In my trading, I only give importance to M1 supply and demand zones, if those are in line or formed close to higher time frames such as M15, M30, H1 etc. Support/Resistance levels or Supply/Demand zones.

Not saying that every M1 zones without higher time frames confluence not tradable or won't work, but the probability of trades with HTF confluence working are much higher than taking M1 SD zone in isolation without any confluence. Also the risk to reward ratio are much better because our take profit target are based on HTF but stop loss are based on M1 S&D zone.
The purpose of knowledge is action, not knowledge
  • #5,875
  • Oct 19, 2014 4:17pm Oct 19, 2014 4:17pm
Quoting alifari
{quote} In my trading, I only give importance to M1 supply and demand zones, if those are in line or formed close to higher time frames such as M15, M30, H1 etc. Support/Resistance levels or Supply/Demand zones. Not saying that every M1 zones without higher time frames confluence not tradable or won't work, but the probability of trades with HTF confluence working are much higher than taking M1 SD zone in isolation without any confluence. Also the risk to reward ratio are much better because our take profit target are based on HTF but stop loss...
I will definitively study your approach to trading; makes sense especially from a R:R point of view!
Back to the charts and the simulator then

Again, thank you!
  • #5,876
  • Edited 5:01pm Oct 19, 2014 4:50pm | Edited 5:01pm
Quoting MisterC
{quote} I will definitively study your approach to trading; makes sense especially from a R:R point of view! Back to the charts and the simulator then Again, thank you!
Whatever little bit I have learned about supply & demand, price action trading etc. are from lovejoy80 charts and comments. I would highly recommend you to review all his charts and trade comments from this thread and VLTF Price Action Thread.

All the best.
The purpose of knowledge is action, not knowledge
  • #5,877
  • Oct 20, 2014 2:51am Oct 20, 2014 2:51am
Quoting alifari
{quote} Whatever little bit I have learned about supply & demand, price action trading etc. are from lovejoy80 charts and comments. I would highly recommend you to review all his charts and trade comments from this thread and VLTF Price Action Thread. All the best.
I will do that!

All the best to you too!
  • #5,878
  • Nov 27, 2014 2:29pm Nov 27, 2014 2:29pm
Quoting alifari
{quote} Whatever little bit I have learned about supply & demand, price action trading etc. are from lovejoy80 charts and comments. I would highly recommend you to review all his charts and trade comments from this thread and VLTF Price Action Thread. All the best.

Hi Alifari.

" VLTF Price Action Thread" - do you mean this thread, your jurnal or is there something else Im missing?

Thanks!
  • #5,879
  • Nov 27, 2014 2:54pm Nov 27, 2014 2:54pm
Quoting seqds
{quote} Hi Alifari. " VLTF Price Action Thread" - do you mean this thread, your jurnal or is there something else Im missing? Thanks!
No it's this thread - LJ Forex Group - PA Only Trades http://www.forexfactory.com/showthread.php?t=474155
The purpose of knowledge is action, not knowledge
  • #5,880
  • Nov 27, 2014 3:03pm Nov 27, 2014 3:03pm
Thanks!

I also find you journal very informative. How is it going?

There is this one thing I find difficult to overcome. Would you give me any tips / recommendations of how to understand it or filter it out better. Namely its fresh S/D vs used one. I very often take Demand being created of an older Demand as a fresh one however its a reaction of the original demand. It puzzles my brain :-)

Thanks!
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