This was a tradable setup IMO, some thoughts on potential entry points on the attached annotated chart.

LJ Forex Group

This was on my radar but the new support formed at 0.9186 means there is no value in it now for me.

LJ Forex Group

I wouldn't necessarily say that taking all profit at the FLS was more logical, what wasn't logical was holding a trade for so long - FB's should result in good momentum price action, the FB setup has long gone by the time you've taken a loss. If an ...

LJ Forex Group

Two trades for me today a nice winner on a UCHF FB (original SL @ 0.95585) and then gave some back on an FTB loser on the same pair - clearly reduced position size on the FTB given the impulsive move into the area - could definitely argue it was ...

LJ Forex Group

I didn't have either of those FTB setups on my radar, EG is too far in the past for me on that TF and the zone edges (and thus DP's) are not well defined - the trade did the minimum you could have expected of it i.e. hit the FLR. The area on GU is ...

LJ Forex Group

It looks like your trade was based on a return to the ignored demand, for me you have to consider how price is approaching the zone and the price action at the zone - I don't see anything based on your charts that suggest price should react there...

LJ Forex Group

The PA stands out more than anything else on the ECAD - clear LS+reversal that (if you zoom in a bit) consumed opposing demand. FTB's have been quiet recently but EU worked out nicely this morning (EU M15)

LJ Forex Group

Similar to that GCHF FB there was a nice one on ECAD yesterday (as well as last Friday)

LJ Forex Group

I use FxPro for Indices as I trade the futures not as a CFD - I trade them through ProSpreads though, though trading on Indices as been sparse lately.

LJ Forex Group

That EU setup is not an FTB if that's what you were looking to trade in that chart - the FTB was as per the chart below. Yes QM is technically quite like a H&S pattern but it does go a lot deeper than that, but it's beyond what I discuss here. For ...

LJ Forex Group

Yes I like the setup, though my entry would have been at the lower SR and I would have used the zone (as per the M1 chart below) to hide my SL behind). It's also a QM setup too.

LJ Forex Group

Busy day today trading wise, couple relevant setups for this thread... 1. Dax FTB - took a partial loss on this (went in with half position size) as a) price stalled and couldn't get below that demand marked - clearly not reacting how we would ...

LJ Forex Group

Haven't done one since the Mindset webinar - was planning one for the Monday just gone but was suffering with a throat infection. Will do some review / Q&A webinars soon.

LJ Forex Group

Friday bars are generally a weaker representation of the true price action IMO - there is a higher chance of position unwinding on a large scale occurring on a Friday bar and thus this makes a setup like that Silver less reliable IMO. I'd be looking ...

LJ Forex Group

It's my favourite webinar and the one I get the most emails about as I think it makes people think about things they haven't necessarily thought about before.

LJ Forex Group

I took a partial loss on the AU CP setup too...I went in with half risk because there was untested demand at 1.0146's that had to break for the CP to play out.

LJ Forex Group

An FB from this morning - GCAD M15 for +1.61R There was also good confluence from GU on this one as GU was showing signs of a further drop and this whole move was a broad GBP leave move rather than a CAD move.

LJ Forex Group

Closed my remaining portion of ANZD when I saw how it reacted to what was very minor news. It was clear that I was likely to get stopped out if I'd left the trade in play with bigger news out later, lower liquidity sessions coming up and wildly ...

LJ Forex Group

I only ever use limit orders myself with FTB's.

LJ Forex Group

It's been extremely slow today, I am in a ANZD long right now, but have had fair share of frustrations this week with a Dow short triggering during news an EAUD coming very close and hitting FLR (order then cancelled only for it to work out) and ...

LJ Forex Group