It's not a valid FTB trade as that is not a clear zone, with substance and well defined edges (DP's) - this is price coming back to demand as the source of the original move up. I would compare that zone with the examples given in my FTB videos.

LJ Forex Group

I spoke about this one last night, had it on my watch-list with pretty much the same entry as yours but cancelled it when we had that near miss as price reacted to the former supply wicks to the left.

LJ Forex Group

Yes there was, I'm running webinars Monday-Thursday for the time being as I trail out doing a daily preview/review webinar instead of fortnightly ones. A broadcast was sent round last week with details how to join (you have to have joined by website ...

LJ Forex Group

EU M1 PA trades this morning.

LJ Forex Group

CADJPY M15 FTB trade for me today for +1.10R

LJ Forex Group

The immediate retest as per the red dotted arrow on the chart below. I was wanting that demand consumed, so the 'technical' entry was on the break and immediate retest but as per my previous message I placed all my emphasis on the higher DP being ...

LJ Forex Group

Annotated chart.

LJ Forex Group

Another example of what I discussed on the last webinar - zooming into higher TF FB's. This time it was to create value that wasn't present on the TF the FB was on (EURGBP H1). Entries, SL and exits could have been a lot more precise but was busy ...

LJ Forex Group

Yes, I'm not trading a touch on a wide zone like that unless it's a normal FTB setup. So am identifying any demand I want consumed, waiting for exhaustion (when a strong move like that occurs) and signs of selling strength to come in etc. Each setup ...

LJ Forex Group

As per Tomek's reply I'd only be interested in the source area too and it was such a great area to get involved in on HTF's too (key flip area that was capping price for a fair while until the overnight breakout). Who draws channels like that too, ...

LJ Forex Group

Not that I would have traded it down to current levels, but still annoying when it missed by 0.4 pips and then does this.

LJ Forex Group

An example of why - was planning to short this FTSE FTB, but cancelled my order when price came close and hit my FLR. Price then had a build up as resistance and of course the strong breakout occurred which was too close to the zone for it to hold.

LJ Forex Group

AUDUSD trade this afternoon, same concepts, using M1 to trade between higher TF zones.

LJ Forex Group

Dax trade this morning - SL was above the M1 rejection bar high, made +3.2R on this.

LJ Forex Group

Here were my VLTF trades from yesterday, just two, both on EURJPY. First one was an FTB, ran it further than FLR as had some long bias on EJ at the time and closed it at a previous M5 level together with when UJ hit supply for +2.5R Second one was a ...

LJ Forex Group

Couple of comments.

LJ Forex Group

I don't see any of those that you marked as short setups, what would make you short any of those? The first one is a definite no as I wouldn't go against a move like that, would want to see price show exhaustion signs first. The others are just ...

LJ Forex Group

I took the first M5 setup with M1 PA as entry (deeper test of demand, mini FB, strong rejection, CP just above etc) for +2.4R Ha, I also had some 'luck' yesterday with news taking my EU short down hard and giving me positive slippage for +5.6R!

LJ Forex Group

My preferred method here is to cancel the setup or at the very least half my risk due to the reasons Freeze mentioned.

LJ Forex Group

The zone on EG isn't clear enough for me, it's not what I would call a zone with substance and clear DP's marking it's edge. UJ is a good location, but again the zone isn't clear enough neither is the SR there.

LJ Forex Group