3. NZDJPY M15 Strong move into causing the FB which as you know is not an initial good sign, however a) price hits clear demand in forming the FB, b) the FB is very material and obvious and c) the rejection strength shown in forming the 2 bar FB is ...

LJ Forex Group

2. GBPNZD M30 3 bar FB this this time of an SR area again clear rejection strength shown in forming the FB and a material FB in itself. FLR would be the 1.8050 SR marked, though 4th time back so depending on how price moved into this area I'd likely ...

LJ Forex Group

Those who were present at the last strategy review webinar (or have watched the recording) will recall I discussed ways to extract more R from FB's by zooming in to find SD zones that should hold on any retest which can lead to more logical SL ...

LJ Forex Group

I'll have to contact FF for a cleanup

LJ Forex Group

Not really no, trends are subjective so they don't matter to me in terms of finding tradable setups. A setup is a setup regardless of the trend. Where a trend can be helpful is in terms of trade management, not not in terms of determining whether a ...

LJ Forex Group

Yes it was a valid DRT trade that didn't work out. I would however haven been cautious when price reversed hard back up the breakout bar highs from the higher daily DP.

LJ Forex Group

Couple of FTB's from yesterday: 1. EURGBP - nice SR area but should be a clear pass due to the strong impulsive move down. 2. NZDJPY - clear SD zone with substance.

LJ Forex Group

A WE will involve price fully breaking / engulfing the demand then trading it back at the return. Another characteristic of a WE type trade would be that price moves with very good momentum through the demand - effectively creating ignored demand in ...

LJ Forex Group

It's far enough away to not be a concern for me as the breakout rush will just lead into our area. Basing when there is an obvious sustained build up close to our FTB area is what I avoid as a) this likely means no clear space / value for the FTB ...

LJ Forex Group

Yes I do use LMAX. I'm currently using MT4 though might be switching to MultiCharts for my scalping only soon and MT4 for other higher TF trades.

LJ Forex Group

Compression is the squeezing of price (often in a converging wedge like pattern) into supply or demand and is a reversal sign. The most important aspect of compression is that there should be no untested supply (for a long setup and vice versa for a ...

LJ Forex Group

I didn't catch this, though think the M1 gave some opportunities to get involved. I took a CP setup earlier though for +1.25R

LJ Forex Group

Good analysis guys - my SL was based on the 51's DP - I'm a bit more cautious with pairs like this that don't produce setups very often. FLS of course would have been the opposing M30 demand and M1 to spot the actual DP you would target.

LJ Forex Group

Will upload to Youtube when get more time, but in the meantime the video can be seen in my screencast folder: url

LJ Forex Group

Annotated chart.

LJ Forex Group

Hi, Yes I agree in that I don't like all the subjective PA material that is common in the retail space - PA for me isn't about bar sizes, certain bar types or fixed patterns it's about more fundamental concepts and asking certain questions. However, ...

LJ Forex Group

People will have different styles in this regard, for me the most important aspects are: 1. Looking for zones / DP's where price left with good momentum last time out - this of course gives us information about the SD imbalance etc. 2. DP's and DP ...

LJ Forex Group

I passed on this, I'm pretty picky with the technical description of what constitutes a clear zone and a clear SR. For me when you strip this down the zone is not a zone that has substance or any clear DP's and the Sr is just 2 bars which are in ...

LJ Forex Group

...and the UJ trade. M15 FB, looking for a retracement opportunity on M1 to ride price up to the M15 target. Clear demand that should hold on the retrace on M1, took partial profit along the way and final TP after price got rejected from the first ...

LJ Forex Group