- Search Crypto Craft
-
lovejoy80 replied Jul 30, 2012Chart examples of the 3 types of SD zones attached below. So what is the significance of these zones? As mentioned above an RBD / DBR represent a directional shift in the supply/demand imbalance whereas a DBD / RBR represent a brief balance before ...
LJ Forex Group
-
lovejoy80 replied Jul 30, 2012Chart - had 2 positions, took profit on the higher one when S&P was doing exactly what EU did - tripping stops above Friday's high straight into supply.
LJ Forex Group
-
lovejoy80 replied Jul 30, 2012I actually took this, but I was in before the bar formed, it was a deeper test on the SD zone flip which I pre-empted would cause an FB of Friday's low. S&P currently back at supply so watching closely from here-on. Will post charts later.
LJ Forex Group
-
lovejoy80 replied Jul 30, 2012Took most of last week off but back trading full time this week - I see some nice trades were taken last week. Here is one of the setups on my current watchlist. FTB back to a DBD zone which is also a QM (most of the time I like to play QM's when ...
LJ Forex Group
-
lovejoy80 replied Jul 26, 2012My trade was based on H4 too, hence why I didn't close mine in profit. The M1 is merely a means to obtain a heavily discounted entry and SL based on a higher TF location (in this case supply + wedge TL). Thus when price clearly wasn't moving like it ...
LJ Forex Group
-
lovejoy80 replied Jul 25, 2012I took a partial loss on mine, not keen on price averaging myself, once the price didn't react like expected I cut some and when the reasoning for the trade disappeared (QM) I cut the rest. I'm more of an intraday trader too so prefer to cut, sit ...
LJ Forex Group
-
lovejoy80 replied Jul 25, 2012Ah sorry completely forgot about it, been off essentially for last 2 days and didn't add it to my to do list. It's back on there now so I'll get something up over the next 24 hours.
LJ Forex Group
-
lovejoy80 replied Jul 25, 2012"(2:41 PM) M1 QM on gold at the big wedge TL and supply zone, giving this one a shot" Here was my comment on Gold just now lol.
LJ Forex Group
-
lovejoy80 replied Jul 25, 2012When a market and/or a pair is choppy I prefer to leave my SL where it is or tighten it slightly on the remaining position rather than move to BE. Thus if I've decided that I don't want to take a net loss after price hits the FLR then I'll take a % ...
LJ Forex Group
-
lovejoy80 replied Jul 25, 2012Think I've taken profit too early here. I was going to remove the overnight TP after seeing the Dax picture but the sudden move down caught me out. Reason for the short should be clear from the HTF view - weekly / daily supply.
LJ Forex Group
-
lovejoy80 replied Jul 22, 2012RBR, RBD patterns are just terms to describe specific SD zones. If you've watched the videos on my website you'll notice that I talk about 1. SD Consolidation Zones and 1. SD Turning Points. A RBD and a DBR are both examples of SD Turning Points. A ...
LJ Forex Group
-
lovejoy80 replied Jul 22, 2012My advice would always be not to rush quitting an job to become a full-time trader. Make sure you have plenty of 'reserve' cash and when planning expected performance make sure you materially under-estimate. Any type of 'increased' pressure to ...
LJ Forex Group
-
lovejoy80 replied Jul 20, 2012FTB on Dow earlier - cancelled my orders as it was getting too late in the day for me to be trading (planned entry @ 12832, SL @ 12813 FLR @ 12860). Notice the high momentum rush into the entry area - that's because of specific order-flow dynamics ...
LJ Forex Group
-
lovejoy80 replied Jul 20, 2012Yeah I agree re: stacked zones, can always be tricky. For me it depends - if it's an FTB setup then more often that not we won't get compression (looking at the TF you're trading the FTB on and not zooming in I mean) because of the order-flow that ...
LJ Forex Group
-
lovejoy80 replied Jul 20, 2012A good example of using VLTF price action at a good HTF location. WTI - price is hitting the daily SR which was also a DBD last time out - time to look for some PA. M15 TF - a QM that is as a clear as day - it is H&S 'like' and very symmetrical ...
LJ Forex Group
-
lovejoy80 replied Jul 20, 2012Thanks Balhana - saved me a task there
It was a nice trade and nice analysis 5.25 (what you doing looking at M15 anyway - that's not like you!). As Balhana said the reason the FB formed because of the supply in the DBD (marked to the left on ...LJ Forex Group
-
lovejoy80 replied Jul 19, 2012Missed the FB of the previous swing into supply but after the support below had been tested and poor US data came in I shorted Dow and scaled out as the follow through down to 12830's seemed unlikely.
LJ Forex Group
-
lovejoy80 replied Jul 19, 2012Short ENZD based on 2HR BEOB below the range and retrace. Plus what with equities rising nicely recently NU + AU have been following and EU is capped by it's range.
LJ Forex Group