Looking at M5 on a pair like this is going to be tough in terms of finding information that actually helps us. CHoppy pairs like this are hard to 'decipher' from 'real' PA and just general choppiness and general low liquidity spikes - rather than ...

LJ Forex Group

It's not about whether you should be looking at bar closes or bar highs / lows it's all about finding the 'source of supply / demand' that lead to the breakout and the 'major decision points'. A decision point is where price made a major decision to ...

LJ Forex Group

You're definitely looking at things in the right way - PA into a DBD. If you take a closer look at the CP wedge on H1 as per the chart below you can see we had a liquidity spike into the lower DP which caused a reaction - but there was no follow ...

LJ Forex Group

It's not a level I'd be taking an FTB TT at, but that level has higher TF significance so I'd be watching for PA. The level above is on my FTB watchlist though.

LJ Forex Group

I'm aware of the problem - it was fine for me until yesterday. I've been having a few IT problems the last couple days and I'm not an IT expert so it's been taking up most of my spare time resolving them. I've had to prioritize with some webinar ...

LJ Forex Group

A DP is just where a decision was made to break lower / higher. So in essence the supply / demand (and thus SR's) within the zone that price had to break in order to move higher / lower. Find these areas that have not been retested (an immediate ...

LJ Forex Group

1. Price only slips when the market is highly illiquid - major news events are an example of this. 2. I don't have a chart to hand so can't recall the trade - but yes sometimes price will react with a firm good momentum rejection and indeed a good % ...

LJ Forex Group

People often get hung up how to draw SR levels and SD zones. I get questions all the time, usually along the lines of do I use bar closes, bar highs etc. The only thing that you should be looking at are decision points - they are the only thing that ...

LJ Forex Group

My entry would be based slightly lower at the DP marked - zoom in and it should be clear why. But you are definitely thinking about things in the right way - finding the cause of the breakout on a lower TF. That's how you trade the daily breakout ...

LJ Forex Group

I didn't take this on an MT4 enabled broker so don't have that available but the arrows below show where my entry, SL and targets were based on (M15 TF chart).

LJ Forex Group

Looks like everyone has been pretty busy over the last couple days, as was I. Plenty of opportunities all over the place...too many really. Here are some of my trades from the last two days. 1. EU 5min FB and a deeper test of M15/30 demand together ...

LJ Forex Group

These wasn't on H4, but there was on M15, which was the TF I was playing it on.

LJ Forex Group

I did take it, twice! I got in when my Oanda feed spiked down and hit this area and went to my FLR - but no other feed came close to hitting this area so I got in again and took a loss for a net BE ish. It was an impulsive move into this area and ...

LJ Forex Group

But what does the symmetrical pattern mean? It's no secret I'm not a fan of patterns...people mostly trade them in the wrong way in the retail space...scanning their charts all the time for certain fixed patterns and because they don't have a clue ...

LJ Forex Group

It hasn't been hit yet, I still have that on my watchlist. Not at the moment, there is more time in relation to FTB's and FB's and a whole new member area (the free area) is being designed to more efficiently assist people in learning, understanding ...

LJ Forex Group

I've been watching this too, but UJ has been keeping it up. If you can anticipate a demand consumption of 13's area (5min TF) or trade a break and retest this could open up the door for a bigger drop IMO.

LJ Forex Group

Yes a definitive RBR formed there. I actually meant to keep 50% of my long open to target the next daily supply but my trade manager closed both positions witin couple pips of each other

LJ Forex Group

The FB by itself wouldn't have been a reason for me to go short it would be more a combination of factors. 1. Daily FB which also is a reaction within stacked supply zones. 2. Classic liquidity spike on H1 (which also caused a 2hr FB). 3. There is a ...

LJ Forex Group

1. Yes we did have some demand consumption - but can you logically conclude that this big demand zone has been fully consumed by that one touch right at the edge of the zone... 2. This is also why we look for price action to confirm to us this ...

LJ Forex Group

All out at 19's for +3R

LJ Forex Group