FTB, DRT, FB setups that have triggered so far this week: 1. GBPCHF DRT

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When I talk about a zone having substance I mean in terms of the zone height and width - it's got to look like a zone that has meaning, rather than just a blip on the chart. That means for me zones that represented by 2 bars don't have substance for ...

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Personally I don't trade FTB's on anything higher than the H4 TF.

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The demand had been consumed and price rejected from the logical pullback area (172.30's) as per the H4 chart - so there was nothing but space below now. All PA trades are examples of the concepts/strategies I teach in my course.

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The next decision was to whether to run any beyond the FLS identified in the above charts... The LTF (H1 and M30) rejections off the new supply in the 58's area are strong and a clear LH is in place. The HTF picture is of course bearish i.e. the H4 ...

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Meanwhile, whilst the above trades were playing out based on the HTF's, I focussed more closely on USDJPY this morning... HTF location (H1) t be looking for PA for a trade opportunity (103.58's area). LTF location (M15, M5) to pinpoint the PA to get ...

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Trade 3: NZDJPY +3.86R LH as price unable to push to a new HH off the 85.30's area Converging wedge for a long time now - suggests a BO of sorts at some point soon, and the information described here told us short BO was coming. Strong rejection off ...

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Trade 2: GBPJPY +2.92R False Breakout Strong rejection from supply Consumption of opposing demand - see the H4 chart Space below - ran half to an extended target as the dail UJ chart suggested a sizeable drop was to come.

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Yesterday's moves strongly suggest some sizeable continuation momentum on the daily TF's across various pairs today. I chose these 3 pairs this morning to trade, set my orders based on H1, H4 and Daily TF's and just checked up when price was close ...

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Also, I agree that the next HTF was likely downwards, price wasn't necessarily going to break the previous high before heading lower. As long as that overall zone I've marked held, combined with the slow retrace, price was likely to drop. Now an FB ...

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If you were expecting a slow move up based on the higher TF's then isn't it logical that the lower TF's will move in an even slower fashion? So when price reaches untested supply at major swing high, it was logical to expect a retrace back down to ...

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Similar, but later entry as I wanted it more precise (1.9 pip SL) and exit all at the untested supply within the swing high for +3.74R Not sure why you were targeting higher, can't see a reason to expect price to break the 48's without a retrace ...

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EURJPY H1 FB for +1.38R

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Got a bit lucky with this GU trade having missed the correct exit area first time around. +1.92R

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Two minutes later... You can't beat momentum trading IMO.

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First PA trade of the day on EURUSD +1.81R

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Example of an impulsive move that means the previously planned FTB trade is cancelled. Of course some impulsive moves can be predicted in advance - this one occurred due to the AUD data release i.e. you wouldn't have your orders in place heading ...

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Textbook H4 FB that a member spotted earlier.

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Trade 2: Can use the same M5, M15 charts from the above. M1 chart below.

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Two USDJPY day trades from this morning. Trade 1:

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