I presume you entered at market because price had hit the the upper part of your first decision point i.e. this was a level where price could have feasibly reversed from? Nice liquidity spike + reversal further down into the area which lead to the ...

LJ Forex Group

Yes, this is how I have drawn my demand zone based on H4 - lower edge is easy, upper edge due to the previous resistance and then retest that occurred on 12/9 - then I would find the decision points/levels/areas by zooming in and thus refining where ...

LJ Forex Group

I always zoom in much further...every TF has the ability to reveal information not present on a different TF. M1 view showing the decision point within the H4 Demand zone - and today's reaction shown in top left.

LJ Forex Group

Yes it will be uploaded to my website - the link will appear on page 1 of the thread.

LJ Forex Group

Can you tell why price reversed at that level - i.e. can you find the previous decision level within the H4 Demand zone that tells us this level is one where price might turn from...

LJ Forex Group

The rationale behind the potential trade is good IMO.

LJ Forex Group

1. One of the main reason is down to order-flow dynamics and types of market participants on the FTB. I've covered this in my 2nd FTB video (to be uploaded tonight or tomorrow). 2. I'm a full time trader, so yes I use the FTB strategy (amongst ...

LJ Forex Group

No trading for me today, just an overnight NJ short.

LJ Forex Group

That was a H1 supply zone - a RBD. There was also an SR defining the lower edge of the zone so that was a valid area to be looking for a potential short. Check out how price reacted to these two lower 'areas' too...

LJ Forex Group

The theory is correct, but the example isn't a great one IMO. A swing low is of course a logical place to be looking for bull / bear traps and of course the more obvious or major the swing high or low the better. The problem with this example is the ...

LJ Forex Group

I wasn't in front of my screen for the FTB touch trade otherwise I would have taken it, but I did see the bull trap so I took that and yes that is what I was looking at - price hit supply after a brief break of an extremely clear SR before moving ...

LJ Forex Group

Not my style, I'd look for PA but not usually a TT on a 2nd time back unless I had other confluence or another reason too. What I was referring to in my previous post was the bull trap that occurred at that area on the FTB early this morning. Also ...

LJ Forex Group

I will come back to your example later when I have some more time, but if you want some examples from today check out USDSEK daily TF on FxPro feed and EURSD M15 TF @ 1.2895 SR.

LJ Forex Group

I explained it in these posts... url url Yes, it was when I was torn to shreds by a Pro trader I met a long time ago for being obsessed with chart and bar patterns that I changed the way I looked at things and changed my mindset.

LJ Forex Group

Actually it's going to take me too long to run through every trade in fine detail, so here is a summary with trade outcome charts...not in any particular order... 1. NZDJPY long - 4HR bear trap (11am BST feed) - but price closed right at resistance ...

LJ Forex Group

The follow on from this is being able to trade based on logical objective analysis and making rationale decisions. The majority of traders want rules to follow - which is understandable given how everything we do from an early age is rule based - ...

LJ Forex Group

Totally agree. I glanced at the PDF and this pattern that is being described is a bull / bear trap. But the problem is all he is telling traders to do is look for a 'specific pattern'. So what do traders then go and do...they scan their charts for ...

LJ Forex Group

I'll explain in more detail later as no time at the moment but in short: (a) Yes, that is the easier way to trade bull / bear traps - the advanced way is to anticipate where they will form and enter a trade at the demand / supply etc. However not ...

LJ Forex Group

This is the right kind of setup i.e. looking for areas where clear demand is situated just below an area where novice traders stops (from long trades) are situated and where breakout traders would be looking to short etc - but I prefer clear SR ...

LJ Forex Group

Bull / Bear trap is the common name - I've never heard of a 2b pattern?

LJ Forex Group