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lovejoy80 replied Oct 9, 2012Don't be silly no-one is placing a SL that wide
That's just the price alert indicator I use - if I have nothing off interest I want alerted then I move it far out the way so it doesn't trigger.
LJ Forex Group
- lovejoy80 replied Oct 9, 2012
Yeah I didn't like the UCHF / EU setups for TT's - just didn't like the lack of clarity at the recent breakout - so yes I'd be looking for PA and watching correlated asset classes. For example this was the USDx location when price hit that DP on EU ...
LJ Forex Group
- lovejoy80 replied Oct 9, 2012
Yes my order was at 84. There were two ways to look at this as you outlined above - the SR created from bar lows at the start of October or the more recent DBD that lead to the move lower. Ordinarily I place more importance on the most recent price ...
LJ Forex Group
- lovejoy80 replied Oct 9, 2012
Here are this weeks planned setups that have triggered so far - useful for people that are new to FTB's to see the types of setups I'm looking at. 1. NJ H1 TF
LJ Forex Group
- lovejoy80 replied Oct 9, 2012
This one is on my radar, would be good if price continues to compress on it's way up to the DBD.
LJ Forex Group
- lovejoy80 replied Oct 8, 2012
Looks ok to me. Your SL is too high though, that peak had nothing to do with price breaking the SR - the lower peak did and thus this is where my SL would be above.
LJ Forex Group
- lovejoy80 replied Oct 8, 2012
Not the easiest one to plan the entry and SL as although the SR is clear on the daily TF it is not so much on H1 and lower TF's. The lower SL option looks logical the higher one looks illogical. I'd be considering a FTB short @ 1.0238 area prior to ...
LJ Forex Group
- lovejoy80 replied Oct 8, 2012
Passed on this myself - liked the overall area but it wasn't clear enough an SR for a TT FTB for me - I couldn't be sure where price would react to and thus wasn't confident in an entry and SL for this...price actually behaved like I thought it ...
LJ Forex Group
- lovejoy80 replied Oct 6, 2012
It's the wick as this is where price started to get strongly rejected - strong rejection = strong selling and the big down bar that followed us just an extension of the previous bar.
LJ Forex Group