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lovejoy80 replied Apr 3, 2013It will be your spread. For most MT4 brokers, spread is added to the 'buy' price thus when you are shorting you need to add the spread to your SL and when you are looking to go long you need to add the spread to your desired entry.
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lovejoy80 replied Apr 2, 2013I had the same setup marked up from a while ago, wasn't around to trade it but would have targeted the supply in the 70's region that price hit as a revised FLR.
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lovejoy80 replied Mar 29, 2013Nice analysis and I agree with Freeze's comments on SL placement.
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lovejoy80 replied Mar 29, 2013I think Freeze and Supernaut have done a good job of analysing this setup.
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lovejoy80 replied Mar 29, 2013I took this too but with a smaller target and entry was based on M1 pull-back (+1.74R).
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lovejoy80 replied Mar 29, 2013I saw this one just after the event too, was a very good opportunity for some nice R there.
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lovejoy80 replied Mar 29, 2013Yes, they were nice. My best FB setup was on EU M1 this week (just merge the bars together), though missed a beauty on AU that started the move down on Wednesday.
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lovejoy80 replied Mar 29, 2013Nice charts, although I can't read the descriptions I can see what you're looking at there. Adapting trading to suit our own circumstances is very important in terms of developing a workable regular routine that we can stick too. Me, I've actually ...
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lovejoy80 replied Mar 29, 2013Yeah you shorted the lows there, what I would have done if I wanted to short there was to wait to see how price reacted to that rejection, if it had closed straight back down near the lows again on the next bar (i.e. good momentum) then that would ...
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lovejoy80 replied Mar 29, 2013Nice trading on the FTSE. I couldn't match his Dax R either with my best trade that day, but came quite close.
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lovejoy80 replied Mar 26, 2013With regards AUDCHF remember that for an FB we want a build up of orders a the location, thus in this case we want a clear support zone - but what we have is a clear SR flip BUT it's not been support for long enough for a build up of orders to be ...
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lovejoy80 replied Mar 22, 2013Just to caveat this in that no-one should be shorting that zone on a touch for how I teach FTB's...it's not a clear zone with clear substance and DP's....all it is is a consolidation that confirms the edge of the ignored demand turned supply that ...
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lovejoy80 replied Mar 22, 2013Do you really mean to call that ignored supply, because, well, it wasn't ignored at all? It's surely an SD flip zone (whereas the example in your next post was an ignored demand zone turned supply). The key thing when trading FTB's at SD flip areas ...
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lovejoy80 replied Mar 21, 2013For me I'd only want to risk something based on pre-empting an FB if I have information that shows me price is more likely to do that...in this case I don't so I'd just wait for the FB.
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lovejoy80 replied Mar 21, 2013Missed this one, but textbook FB off supply - note how price retests the former swing high before dropping.
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