What do you mean by range completion pattern?

Price action trading - Trade like the pros!

1. Taken from the daily supply zone. 2. Price might react further into the supply zone, so you would give it more time/space. The way price moved up looks like a CP. 3. Pattern-wise, its a clear triangle and is confluence with mini supply there can ...

LJ Forex Group

That USD/JPY trade is the only trade taken so far today. I had few setups that I was watching and want to take but sentiment today is very cluttered due to news and all this Chinese rate cut. No clear sentiment and since much of the pair I am ...

Trading journal - from dust to gold

USD/JPY — Short it due to price hitting supply and compression on the hourly, but this doesn't workout very good. Price having trouble to break the demand on the lower TF and later move up breaking the supply, in which I know at that point ...

Trading journal - from dust to gold

From yesterday. I found it quite hard to post setup on real time. Long based on the false break. Long @ 1.26508 SL @ 1.26370 (13.8) 50% off @ 1.26658 (15ps) due to bed time and put the rest to BE. Was planning to put a TP but later decided not too, ...

Trading journal - from dust to gold

USD/CAD — First time back to supply zone and resistance. Short @ 1.03611 SL @ 1.03720 (10.9 ps) However, was stopped out by 0.8 pips! So take a loss for -1R. ---------- Wait, not going to give up yet! Short again @ 1.03556 (at a worse ...

Trading journal - from dust to gold

GBP/USD — Another trade taken on Account #2. This is a trade taken because of rejection of RN number @ 1.5500. It was more of how price strongly reject the level and it coincides with supply zone. SP was also nearing supply zone but given ...

Trading journal - from dust to gold

EUR/AUD — This is from yesterday's trade. Set the order and went to sleep and TP hit when I woke up. Short @ 27940 SL @ 28060 (12pips + 1.6/2 pips ~ 14) TP @ 27660 (28 pips) Initially was targeting the source of move, but since due to bed ...

Trading journal - from dust to gold

Update #3 Closed the rest @ 24891 for +3.65R Total is +10R Ok. I calculate the %R wrongly. No wonder it looks like a huge gain! +2.27R x 0.50 = +1.14R +4.1R x 0.30 = +1.23R +3.65R x 0.20 = +0.73R with total of +3.1R

Trading journal - from dust to gold

There we go! Re-entered, will update later. Update #2 Re-entered @ 2438 with SL @ 2424 Closed 50% @ 24698 for +2.27R Closed 30% @ 24955 for +4.1R Total of +6.37R Rest is at BE

Trading journal - from dust to gold

EUR/USD — Week of June 8, 2012 Long @ 1.24352 SL @ 1.24250 (11.2 incl. spread) This is an attempt to pre-empt a breakout to the upside. Will see how it works out. The hourly chart just closed, I wanted it to close a bit higher, but oh well I'm ...

Trading journal - from dust to gold

USD/JPY — So much missed opportunity today due to work. Long @ 78.48 based on demand zone. SL @ 78.34 and will adjust shortly to tighten it. Not looking great so far, recent bad US data is really not helping on this one. Equities can't find a ...

Trading journal - from dust to gold

Had a bit of luck on this one, as I am away while this is triggered. Would certainly result in loss if taken and not managed properly. I guess 2012 is the year to short everything

Trading journal - from dust to gold

GBP/JPY — Update #3 Had a significant bounce on equities, but I would expect the area marked to hold (may not hold as well) but looking on equities on a larger TF, it certainly looks like it still can move down. I was thinking even if that ...

Trading journal - from dust to gold

Update #2 Second TP hit. Will trail the rest since equities looks like a price pressure to break the support, NYSE opens in 15mins+, hoping it will bring the bears. Another round of compression on GBP/JPY which works nicely so far.

Trading journal - from dust to gold

Short on the supply, original limit never get triggered. So manually entered the trade @ 123.42, cant remember the original SL. Now changed the SL above the swing high @ 123.43, will move to BE later, need to gauge the reaction at that area first. ...

Trading journal - from dust to gold

Looks like market has been moving a fair bit of amount while I was working. I'm in this. Will update later, need to manage it right now.

Trading journal - from dust to gold

Ok. First TP hit @ 1.02651 for +0.89R for the first position (50% off) Tighten SL further to 1.02370 Update #2 With London close in an hour, market is pretty much dead now. So rest of the post is at BE+, and I'm calling it a day. Rest of the ...

Trading journal - from dust to gold

USD/CAD — USD/CAD looks like it is entering a correction. PB which looks like a fake breakout formed, but this is really not the nicest fake breakout, or probably it is not. Very thin market too, so I am entering with very low risk. It has ...

Trading journal - from dust to gold

Updates — Nice move on market open today. Too bad not on this trade.

Trading journal - from dust to gold