Yeah NU was a nice one, the H4 picture looked good. Couple of other nice FB's on higher TF's yesterday - NCAD in particular.

LJ Forex Group

The move occurred prior to news, I don't know why but CAD had a sudden move across the board. I didn't take this setup (though I was planning too) as the fast move caught me out - I would have either not taken it or reduced risk on it because I ...

LJ Forex Group

This is a clear daily SR area so there would have been a demand exceeding supply imbalance in order for price to breakout above the SR. So yes it is demand, but it's not one that I'd be trading as an SD zone for an FTB trade because it does not come ...

LJ Forex Group

Yes the FTB has already occurred on this zone via the touch of the DP/SR at the edge as per your chart. Given the size of the zone and thus multiple DP's + the source not yet tested I think there is a higher chance of some sort of reaction again ...

LJ Forex Group

Yeah until very recently there was no volatility in this pair...it is starting to come back but it's still very choppy and susceptible to the odd rumour based whipsaw so I'm not overly fussed about looking at it right now.

LJ Forex Group

Had some questions on pairs I trade FTB's on... I split my pairs into groups as follows: 1. Majors : EU, GU, AU, NU, UCAD, UCHF, EJ, GJ, AJ, NJ, CADJPY, UJ 2. Minors: EAUD, ECAD, ENZD, GAUD, GCAD, GNZD EG, NCAD, ACAD, ANZD CADCHF, CHFJPY, GCHF 3. ...

LJ Forex Group

I would have marked those two areas too as FLS and 2nd target. Anyone catch this one this morning - GCHF H1?

LJ Forex Group

Okay, I'll let you off with regards using R multiple for TP setting, for now Personally I have around 1-2 trades per day on average with FTB's. I explained liquidity spike in my 2nd FTB video which is available on my website in the members only ...

LJ Forex Group

Didn't get the runner I was looking for so scaled out final positions when we had supply consumption at the M15 DBD for +1.37R.

LJ Forex Group

Logical analysis and entry + SL, but you're a bit cautious with your exits aren't you? My FLS would have been 84 area - the move up to your entry area looks like a liquidity spike to me which I would have expected to be duly reversed.

LJ Forex Group

Yeah this one is a better one.

LJ Forex Group

I took a quick scalp at this location, but it was based on rejection off the zone and a compression wedge (M5 TF).

LJ Forex Group

As a guide to the TF's I focus on, from the start of September until yesterday here is a breakdown of the number of setups I've shared in the Trading Room (that have been triggered) for each TF. M1 - 0 M5 - 0 M15 - 12 (15%) M30 - 9 (11%) H1 - 48 ...

LJ Forex Group

It's not something I'd be getting that excited about. My main trading for FTB's isn't to go searching VLTF for setups - I scan H1, H4 for the main part and at times will zoom in to see if there are any setups - but they gotta be damn obvious and ...

LJ Forex Group

Not one I was looking at or would have taken. I discussed this one in the room this morning. It's gotta be something pretty special for me to want to trade an M15 TF FTB on a cross pair and this certainty isn't it. No real substance to the zone and ...

LJ Forex Group

Update, have banked some profit, now SL is above the M15 DBD that formed and has been tested (M15 and H1 TF charts below). Final TP is a daily demand area but plenty of bumps / hurdles along the way so will watch PA but prepared to give this time ...

LJ Forex Group

I did hold onto it longer, but based on the Spain rating cut news - more common sense trading than anything else. I personally don't use TL's that much in my trading unless a) they are very clear and b) they are over a short distance. Find them too ...

LJ Forex Group

Who you calling a twit?! lol That for me is the FLS - that SR flip and I don't see any great reason to be holding this one overnight, I am an intraday trader for the most part. Unlike ACAD I do see a reason to be holding onto my EG short - it of ...

LJ Forex Group

Ha, I really didn't like that EJ setup - much preferred the CHFJPY one, but cancelled my order when price missed by a smidge and moved to FLS...was a mistake as didn't see the distribution that was going on and price duly came back had a 'proper' ...

LJ Forex Group

See this post... url

LJ Forex Group