It wasn't an exact moment, just when the retrace held at the area I expected it too I manually moved my SL to above my entry as protection against something sudden occurring.

LJ Forex Group

One trade this afternoon, GBPJPY M15 FB for +3.94R M15, M5, M1, M1 charts below.

LJ Forex Group

IMO yes it is lower probability - a larger number of market participants will be making decisions based on the lower SR than the higher RBR - this created more predictable order-flow.

LJ Forex Group

Trade 3 - CADJPY H1 FB +3.12R M30, M1, M1, M30 charts below.

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Trade 2 - GBPJPY short +1.64R H1, M1, M1 charts below.

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Three PA trades from this morning's session: 1. CADJPY +1.97R H1, M5, M30, M30 charts below.

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Couple setups that triggered during Asia, a UJ FTB and an EG DRT.

LJ Forex Group

It's wiser to think of price in terms of location and not specific time-frames...however for most it takes time to train our minds to approach price like this so, yes, to start with it's best to to practice identifying, analyzing and evaluating on ...

LJ Forex Group

No trading for me yesterday and one trade in the morning session on USDJPY for +3.25R

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Secondly, AUDCAD:

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Couple of DRT's over recent days... Firstly EURGBP:

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Why does a higher close affect the rejection strength? The rejection strength is shown by the size of the rejection from the lows, not where price closed? The rejection strength wasn't strong enough on the M30 close, but it was at some time later ...

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FTB in GCAD this morning, planned the trade, stepped away from my desk and missed it.

LJ Forex Group

The location is fine, but the FB isn't. It just doesn't stand out enough versus the move down, remember we need to be fully confident that the FB isn't merely demand consumption paving the way for a move down in line with the preceding trend. In ...

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The first candle wasn't one I'd consider as it's just not clear enough a rejection versus the move down. It was only after the 3 bars combined that the overall rejection strength in the FB was strong enough to make for a clear setup. So in effect it ...

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2. Audusd m30 fb +1.15r

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Quiet afternoon session with lots of news around and markets awaiting FOMC so no USDJPY trades. Two HTF trades. 1. AUDCAD DRT - half risk due to the retrace a) being from HTF supply and b) being a material sized retracement. -0.50R loss (full loss ...

LJ Forex Group

Trade 2: +3.32R M10, M5, M1 charts below.

LJ Forex Group

Not an easy morning with USDJPY, some sporadic moves first thing that I stayed clear from then low volume for the rest of the morning. Trade 1: -0.57R H1, M15, M5,M1 and 30sec charts below.

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Slow afternoon session with just one trade. Missed 2 trades over lunch on USDJPY and then got the final trade into the H1 expected move but made the wrong trade management decision for the 2nd part of my trade. +1.48R for the trade and +7.58R for ...

LJ Forex Group