If it was a fresh demand zone for example and price passed straight through it (which we wouldn't expect) then this is termed 'ignored demand' and it stands a higher chance of acting as supply once price has broken through. The theory being that ...

LJ Forex Group

NU trade hit 2nd target overnight. We can a potential bear flag in formation, will be watching how price breaks and how it reacts closer to the source of the H4 demand. If it breaks higher I'll be looking at how it interacts with the daily SR + ...

LJ Forex Group

What I do is define the zone roughly on H4 and then zoom in to find where the key levels were broken and this tells us where demand is likely situated. I'm long NU based on price reacting of the lower decision level marked (having taken a BE on the ...

LJ Forex Group

Yes it is, it's one we were watching this morning. Price came very close to the first decision level we were interested in but actual reacted at a higher level (look at M1). But yes this is a clear demand zone.

LJ Forex Group

All out, final SL placement wasn't overly clever, but looks like I got away with it (i.e. price not reacting at that SR). Scaled out 25% at FLS, 50% @ 2nd target etc.

LJ Forex Group

I'm in the same trade, same entry, tighter SL. Was looking for a higher entry before the wedge broke but it didn't come about so sold a 5min rejection off the retrace to the wedge.

LJ Forex Group

For me the time zone makes no difference - how price left an SD zone is what is most important as that tells us information about the SD imbalance. Don't try and overcomplicate things by thinking about different sessions - focus more on what price ...

LJ Forex Group

This is also a standard false breakout setup in it's own right - be careful of that demand thats been hit and the strong risk on trends this morning....plus I know most won't care but there is someone important speaking in 25mins. Yes, having a ...

LJ Forex Group

Only trade for me today - a quick circa 1R trade short on GJ. Based on the FTB to the breakout supply area.

LJ Forex Group

Did anyone take this, anyone read it, anyone care?! H4, H1 and 5min side by side comparison of where I'd marked price should turn (within the 4hr zone) and where it did. Who'd have thought price would turn based on a tiny 5min zone, afterall we're ...

LJ Forex Group

Got a few things to catch up on in here I notice. Been quiet week for me as working on other projects, missed this planned FTB trade as a result (By my reckoning there was 1.65R there to the FLR).

LJ Forex Group

Watching this area on EAUD for potential short. Note how price reacted to that lower M5 DBD yesterday @ 1.2130...

LJ Forex Group

Was a nice H1 SR FTB - with the 5min RBR being the obvious place to look for the long. 5min TF provided some nice price action confirmation in the form of compression. I've exited all of mine at the 93 level.

LJ Forex Group

In the same trade from 72 My first trade of the day

LJ Forex Group

I was just looking over some H4 charts and liked the look of this for further declines - currently looking for a retrace entry 1.5255 would be nice if it got there.

LJ Forex Group

No trading for me yesterday (due to the public holiday in UK). Small 5min EU scalp this morning and then a GJ FTB short too.

LJ Forex Group

Nice setup, well spotted. I'd agree that your SL was too wide - if you zoom into M1 you can see there is only one place price is going to react if this setup is going to work out and thats the 3 pip wide SD zone.

LJ Forex Group

EURGBP setup working out nicely.

LJ Forex Group

...

LJ Forex Group

Yeah, but not as many as I would if I was well ... just reviewed most of my charts now and missed these FTB's today doh!

LJ Forex Group