I don't trade FTB's on the daily TF, what I do mainly is either look for immediate retests (something to discuss another time) or search for VLTF RBR's / where key decisions were made by price to move higher and essentially breakout above the SR. ...

LJ Forex Group

This is the actual setup on ACAD. Not a pair I'd be risking the house on but worth a position IMO.

LJ Forex Group

Going back to GAUD and decision points generally now I've got a little more time, look where GAUD reacted (before and after on M1). Same with ACAD setup (after is top right).

LJ Forex Group

Yes AU is one on the radar. Missed this setup this morning on CADJPY - FTB at an RBR which lead to a bear trap of the SR just above (as mentioned on twitter).

LJ Forex Group

It can, but I would also consider that price doesn't always turn on a dime, it may overshoot slightly before turning - so for example if we say we expect price to turn at that 2nd higher decision level then it might overshoot slightly and thus why a ...

LJ Forex Group

Slightly trickier due to the gap that occurred before the drop, but here is how I analysed this one (it's one I'm looking to trade). M15 and M1 TF charts below.

LJ Forex Group

Yep I have this marked along with the lower SR level @ 37. That's if EAUD comes back any time soon...

LJ Forex Group

Yes, price is being constrained by support and a supply zone just above. Not a pair I follow closely but either pre-empting a breakout on VLTF, false breakout or break out + FTB are options here.

LJ Forex Group

Yes it would still be valid if price had a retest - price has an immediate retest a high % of the time at a breakout, some of the time you won't see it on H1 as it will occur on M5 for example. But as long as the immediate retest is that, a quick ...

LJ Forex Group

ok ok, no need to show off Gotta find me some time to watch the VLTF a bit more regularly during the day.

LJ Forex Group

Yes, that is a very nice FB.

LJ Forex Group

Thanks for the kind words. My advice - start with the vids on my website, there is a reason I've uploaded the vids I have in the order I have. There is a lot more tome come in the following weeks, so it's a good time to start learning.

LJ Forex Group

Well done if you held UJ longer, my NU FTB long triggered and hit TP overnight for just over 1R.

LJ Forex Group

Closed my UJ short for 1R. Scaled out 50% @ 65 and 50% @ 73. Considering I wasn't overly keen on the setup to start with it turned out ok. I opted for a SL @ 99, there was a potentially tighter SL option (there were two valid SL options IMO) - given ...

LJ Forex Group

No idea, but heard about the move on the wires and saw the knock on affect in commod FX. Edit: Attributed to a fat finger trade on the futures at expiry of the contract - that's all I've heard.

LJ Forex Group

It's not one that I was interested in. I discussed this in the Trading Room earlier and my comments were that the SR was not clear enough - that spike last time out where price obliterated the SR says to me that the SR has lost it's ability to act ...

LJ Forex Group

Most of my positions hit TP (or SL!) within the European or NY sessions - I don't tend to take setups that will trigger late in the day during the slow periods. I won't automatically cut a trade though just because we are entering the slow sessions, ...

LJ Forex Group

It did, check out the H1 close on the prior bar, that was the FB bar. Price then moved higher on the next bar before dropping to my FLS and shooting straight back up again to close higher.

LJ Forex Group

This is why I had 55 area as a potential TP and was wary of the 65 area too (ignored supply turned demand that can be seen on the VLTF on the latter)

LJ Forex Group

My other trade for today - short CJ based on a false break of the previous H1 swing. Entry @ 81.08 (got lucky with the retrace - entered at market as soon as I saw the setup and got lucky when the order hit as the retrace occurred - i.e. the retrace ...

LJ Forex Group