Nice one folks on AU, I was busy with other things this morning so didn't catch it myself, but I know some of my trading room did too. It was a nice FTB at a DBD, as per Balhana's comments it's not fully compressed. In terms of trade management I ...

LJ Forex Group

Trade management is down to individual personalities IMO. All I do is identify FLR/S's in the same was I identify SR's SD's that I want to base entries upon, weigh up the strength of the setup relative to the FLR'S - for example is the FLR/S an ...

LJ Forex Group

Cont... Next what actually happened as per M5 and M1 charts. Notice that: a) the lower edge did 'react' but as expected it was rather weak. b) the mid zone previously highlighted is where price met strong supply and notice the importance and ...

LJ Forex Group

Yes this was a much more obvious supply zone...I'd actually talked through this one in the TR during the week but wasn't around to trade it myself. In short your analysis was correct...I've just gone through it again in excruciating detail (i.e. ...

LJ Forex Group

Something from Friday's Q&A in the Trading Room. Someone took an FTB long based on the AU 15min RBR marked below. You have to be careful when zones are not well defined as the TF you are looking at could be hiding key information. I often zoom in at ...

LJ Forex Group

For me it's not a case of choosing one to base a trade upon, it's about identifying supply and watching price action for signs of rejection / reversal. Stacked zones (as Balhana eluded too) are trickier to trade. I would start by marking the zone on ...

LJ Forex Group

Here was an FB from earlier (not trading myself today so didn't take it) - price reacted at the 2nd time back to this supply, clear rejection closing below the H1 SR. Bottom arrow highlights FLS - however it would be reasonable to expect this demand ...

LJ Forex Group

GU is an interesting picture...that zone I've marked on the daily TF. So far we've had just supply consumption all the way up to the supply zone hit yesterday - but as you pointed out if sellers take over there is a lot of demand consumption which ...

LJ Forex Group

Here is the post describing the different SD zones. url

LJ Forex Group

RBR = Rally Base Rally, it is a type of supply/demand zone. I did a post a while back listing the different types and abbreviations don't have it to hand, it was fairly recently though.

LJ Forex Group

The reason for the entry would be be because its a FTB to the RBR zone - i.e. there is a high probability if price hits that zone that there is still a significant demand exceeding supply imbalance and thus we expect price to rise from here. This is ...

LJ Forex Group

I see what you were looking at now, just wasn't as obvious as what I normally look for on pairs like this. Looks like you pretty much got all that was available out of it as price went to the FLS before the buying pressure took over.

LJ Forex Group

Damn that's good! You bought when all the pattern traders were looking to sell

LJ Forex Group

Looks good, I'm also interested in the short from 98.78 too.

LJ Forex Group

I took on the Euro strength today and came out to fight another day. The Euro moves today were pretty impulsive, I was not overly liking how it was moving but somehow came out positive. Took a net 0.5R loss on an EU short (well two shorts half a ...

LJ Forex Group

I don't like GCHF at all and don't look at it (plus it is now the inverse of EURGBP since the ECHF peg etc), but someone did ask about this one earlier in the trading room - it was a nice FTB at that SD zone - there was an even nice zone that has ...

LJ Forex Group

Thanks, received, will check it out later. One of the reasons I use spot is because I have to copy trades across various accounts and thus need to use MT4 for this (and I also use other trade management software specific to MT4), but there are ...

LJ Forex Group

Nice trade. How did you work out your futures transaction costs versus spot? There are downsides to trading with futures in terms of minimum capital requirements, lot sizing and margin - though these have probably loosened somewhat over recent times. ...

LJ Forex Group

You got a chart of what you're looking at on EURSEK as I can't see an FB there?

LJ Forex Group

I think the point Balhana was getting across is that there is no difference in price mechanics on a D1 compared to an M5 for example - price moves in the way for the same reasons with the same predictability. But conventional wisdom is that LTF's ...

LJ Forex Group