Nice, was looking to trade the same but didn't due to the US news (2.5 pip default SL's and news don't go well together!).

LJ Forex Group

Should have been looking for an entry higher up... 1. FB at the current range highs on multiple TF's 2. M1 distribution 3. Strong selling, demand consumed and new supply cap created. 4. Evolving HTF picture (see the 2nd chart which is the M30 TF) ...

LJ Forex Group

Nice catch! Here are my VLTF trades (first 3 are UJ) from this afternoon: Trade 1: Looking for a short out of the M5 wedge after source of demand within (1) is consumed, which tells me price will move to (2). Shorted based on basic price action off ...

LJ Forex Group

Had internet problems all morning so missed all the action, two trades this afternoon as per below (UJ M5, M1 charts and EU M1)

LJ Forex Group

I would have liked that too if I was up early enough. Was a similar scenario I was watching on UJ which hit overnight but gave a clear bearish bias this morning.

LJ Forex Group

Nice. Personally I think holiday markets represent some of the best trading conditions...brings some much needed volatility that for the most part is predictable due to the PA that proceeds it.

LJ Forex Group

2/3 closes at H1 demand and final 1/3 closed when price was just chopping around between new higher demand and supply - clearly the momentum behind the initial move has disappeared by this point.

LJ Forex Group

Ha ha, I actually don't watch any pair other than EU and UJ right now (and mostly UJ) for VLTF trading only so it was only because I read your post that I took a look at GJ. I am aiming to work back into my trading routine some HTF PA trading on ...

LJ Forex Group

Woke up, read the morning Balhana analysis, agreed with it (plus had a strong short bias on UJ) so got involved. Have since closed some at the H1 demand marked. Same time tomorrow for some more Balhana analysis?

LJ Forex Group

It would depend on how much I like the area and how material the rejection was from the lower DBD. Take my twitter comments on the EAUD for example...

LJ Forex Group

I don't like the metals for FTB's myself, had a much lower expectancy on them over a significant period relative to FX so stopped trading them. ACHF has a lot of good history at that level, but the one thing that concerns me is the lack of a concise ...

LJ Forex Group

It's the main thing I like about the Dax when I used to watch it...common illiquidity spikes which were predictable.

LJ Forex Group

I think the FTB long was by far the better time to be looking for an long off that area. Although not a technical QM pattern wise...PA wise the same thing that you want to see occurring in a QM happened there. Targets would have been the next M5 ...

LJ Forex Group

I don't like the UCHF, don't see a reason to expect the demand to hold, but nice work on the short. EU was a nice easy trade too. Nice win on EA, though can't see a reason for the entry there and probably not my style to do what you did there.

LJ Forex Group

The only mechanical aspect of any Price Action trader should be their thought process... Working out what setups suit you, what asset classes / FX Pairs to trade, Time-frames to focus on etc is IMO relatively simple. The harder part is figuring out ...

LJ Forex Group

Er no! Read my post again... I have no idea what this is so cannot comment.

LJ Forex Group

The actual definition of a Supply/Demand Cap is actually pretty simple, it's spotting when an SD zone will cap price which is the harder part. The way I look at SD Caps is they are SD zones that I expect to hold on a retest in order for the one side ...

LJ Forex Group

It's not one that I would have on my setup list. There is not enough substance to that H1 Zone, I don't like zones that are are formed of only 2-3 bars i.e. have that down-up-down then breakout look to them. Unless they have some previous SR history ...

LJ Forex Group

A great statement for people to think about IMO. Too many people approach Price Action trading by looking for rules / rigid criteria involving bar and price patterns. If you want to be one of the many mechanical pattern traders out there then that's ...

LJ Forex Group