There was nothing wrong with the EJ setup - in fact I reckon it was a great spot! The better EU trap was from higher up (opposite to the UCHF trade I posted earlier which I still have a partial long position in).

LJ Forex Group

I didn't take the GJ long or AU short, didn't perceive there to be enough value to the FLR/S. There were definitely some nice traps this morning on the Yens if you could have gotten in early. I'm currently long UCHF - based on chart below (15min ...

LJ Forex Group

I've got the same setup on my watchlist, but I'll be playing it more from a H1 perspective and looking for the supply zone marked to hold. So I'll be looking for an entry within the 98.70-80 range.

LJ Forex Group

Yes, trading pure breakouts is riskier because a lot of pure breakouts will end up as false breaks of some sort. I would agree that trading them blindly is more like 50/50 (dependant on trade management etc). But in certain situations a pure ...

LJ Forex Group

Hi Tomek, Congrats on the flat purchase, I think it's a good time to be buying at the moment ... ha, yes internet is more important than gas and water lol! This Dax chart is a great example of price pressure. As I'm sure you know trading breakouts ...

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An example of a not so obvious buyers trap on EU this morning. This is the last time I'll be discussing these on here.

LJ Forex Group

Very nice, good trend move, pennant, small buyers trap on the retrace and then back down again.

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Final update - SL hit on the last remaining position today, end result +25.7R

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China cut benchmark deposit rates.

LJ Forex Group

A couple of buyer traps overnight on UJ and CJ - price breaking an SR straight into supply.

LJ Forex Group

I wish MT4 made it easier to see time-shifted charts or plenty of alternative TF's - it's a pain to use an EA to do this. I've never found another platform that allows for viewing multiple charts at once or the use of trade management EA's like MT4 ...

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I entered at the H1 close - I'd never wait for a break - it's either a setup or it isn't the bar break just decreases value in the trade and has no purpose. Price did come back to test the SR and former swing low which would have provided the best ...

LJ Forex Group

This is also an ignored supply zone too... What software do you use for charts BTW, it looks like Pro-Real-time that IG used when I was with them?

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Not really a great setup there as it looks more like supply consumption - if price has closed lower than it would be of interest but it's right in the supply zone which is looking weak.

LJ Forex Group

Another sellers trap setup from this morning... GU - price moves below the H1 and daily SR and closes above. If you look at M15 you can see that price hits an SD flip zone - this is why it bounces - in doing so it is trapping all those traders who ...

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Took a silver long this morning as per my tweets. This was based on the H1 bull flag that had formed and price moving into the obvious place where it should meet demand - of course the bull flag is literally just the clearing of supply so price can ...

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Yes, price was always more likely to have a bearish reaction of that level. My overall picture on GAUD has price bouncing from a daily demand zone (the zone on H4 is shown too) and is thus now moving between this demand and the resistance level it ...

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Care to share why you think so?

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A follow up...what happened next, we had a buyers (bull) trap on the break of the SR to the upside as per the chart below (again a time shifted chart to show the false breakout more clearly from a visual perspective). 1. Traditional retail PA ...

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Great stuff

LJ Forex Group