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lovejoy80 replied Oct 6, 2012I generally will decide on a max correlated risk limit and split this between 2 or all of the setups. This correlated risk limit will not be the same as a single risk limit (it will be higher) but it will be lower than 3x single risk limits. The way ...
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lovejoy80 replied Oct 5, 2012One trade for me today, half a normal position on this due to the impulsive post NFP move.
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lovejoy80 replied Oct 5, 2012I agree that price is trapped between former demand turned supply that is clear on H4 and a daily / weekly demand area (3rd time back to this area on daily TF). Not sure I can really tell whether one is more exhausted over the other yet, I'l like a ...
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lovejoy80 replied Oct 5, 2012Indeed it is, hoping it can hold if hitting there until after London open on Monday.
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lovejoy80 replied Oct 4, 2012@price.action @Jupiter_peak @adam777 I'm clearly missing something here as I do not see the big attraction of entering a limit order short at 1.3040's?
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lovejoy80 replied Oct 4, 2012I had this one marked too - it's clear to see on the VLTF a) the source of the initial demand, b) multiple important decision points and c) the most immediate demand that lead to the breakout of the highest DP. This tells us where to place our entry ...
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lovejoy80 replied Oct 4, 2012Now this was the setup you should have been trading on Gold...
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lovejoy80 replied Oct 4, 2012Not one I'd be keen on as there is not a clearly defined RBD here. Yes price moved down very quickly from this area but I want to see a clearly defined RBD zone with substance.
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lovejoy80 replied Oct 4, 2012A bear trap below the previous visit to the demand would certainly be a setup I'd be looking for. Alternatively some VLTF PA within the current consolidation.
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lovejoy80 replied Oct 4, 2012I agree that there is a lot of history at this level and there was a lot to like about it in terms of how it acted as strong + clear support before the recent strong breakout. The FTB setup for me occurred on the M5 TF as per chart below. Not sure ...
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lovejoy80 replied Oct 3, 2012Struggling with flu at the moment so no trading for me today. New video uploaded. First Time Back - Part 2
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lovejoy80 replied Oct 3, 2012I'm just converting the video now and then will be uploading it - so a few hours.
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lovejoy80 replied Oct 2, 2012Not much happening in the market today, so did some VLTF PA trading - here are a few... 1. FTSE M5 TF - bull trap + very tight compression, easy pips down to base of compression. 2. EJ M15 TF - much the same, bull trap and compression, TP at base of ...
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lovejoy80 replied Oct 2, 2012This is how I would define the edge of the zone - but as the 12th September retrace represents an FTB what I would do is mark up the DP's and then just watch PA as price hits one of them next time, looking for signs of strong rejection (which ...
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lovejoy80 replied Oct 2, 2012Here are my current H4, H1, M30 TF charts of EU. Just had an M30 bull trap setup from the upper supply with a compressed channel to assist. I think the daily TF has a distinct bull flag look too it so I'll be focussed on PA if price returns to this ...
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lovejoy80 replied Oct 1, 2012A quick example - using the EU 15min short setup from the post above, zooming into M1 TF - analysis on the chart below. Where is my entry going to be - just below the 1.2909 DP level. Where is my SL going to be - just above the DBD @ 1.2918 as the ...
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lovejoy80 replied Oct 1, 2012My standard approach is to find clear SR and SD zones on Daily, H4 and H1 TF's (for the most part) in regards to FTB setups. I'll then zoom in and see if I can pinpoint more exact decision points. Typically, on a zone that has 'substance' you'll ...
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