Nice....here are the charts. M15 FB after price hit the supply zone above - that supply is capping longs ...for the moment.

LJ Forex Group

Have this area on my radar to watch for a short opportunity (the spike is just an Oanda feed error).

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Where did price go after it hit the RBR - back up to the supply that - where price decided to drop below that previous demand in line with the compression pattern. The M1 QM confirmed the move short.

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Another chart from yesterday. Notice how price bounced at the previous daily low area on EJ...if you look at the M15 chart you can see it was an FTB to the RBR. Also on the same chart notice the compression into supply at the top - the spike down ...

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Very nice, I noticed the QM this morning when reviewing charts and saw how nice that looked. Only trade this morning for me so far is short CAC (did have a limit order to go long GJ @ 123.13 area but it missed by a smidge).

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Some charts from yesterday for educational purposes...notice the chart of USDx - go check your charts and see what happened to the USD majors when price was in that demand and then the supply zone. There was little chance of price not having a ...

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This one triggered overnight so not one I was able to catch but working out nicely so far.

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Nice - there was clear compression on the M15 (which of course gave the best 'value' entry). I shorted ECAD buyers trap earlier (only on demo, as internet will be on and off all day due to work being done at the local exchange so not taking the risk ...

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I didn't 'see' the EU trap but did see the NU trap which gave me confidence to hold the EU. Closed all of my EU at target...prematurely in retrospect.

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Missed the Silver and Gold FTB setups below.

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[quote=5.25;5844465] I might as well and look at how the planets are aligned - it would provide me with just as much useful information! Yes it was after the M5 bar close.

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I'm on on this too, slightly higher entry but tighter stop...same reasoning.

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My 3rd trade off the day (maybe I should slow down after all we should all be picky in our entries right lol)....I was actually looking at the M1 chart but the M5 picture displays it more clearly. Back in GJ again, simple sellers trap after hitting ...

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Second trade of the day, FTB on GJ at the SR zone (zoomed into refine entry and SL). Entry @ 122.82 (inc. spread) , SL @ 122.65. Was targeting 123.05 but price stalled at the supply are at 96 so took a chunk of profit there and then when 90's ...

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Nothing like a 2.4R winner to start the week....(and not it's not a gap trade!)

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For him it is surprisingly good, a bit long winded as usual but on the whole it's a good article. I don't agree with this statement though "The reasons why so many people have trouble making consistent money in the markets can essentially be boiled ...

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There was some news earlier, but looks like a lot of selling in EG though - EG flows can affect GU/EU significantly at times.

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where did price fall from - the source of the supply and the H4 SR. As per Balhana's M30 chart there was nice compression into this area.

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Update - FLR hit took some profit, stopped out the remainder (final TP was near the 17's).

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