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LJ Forex Group
1 290 291 292 Page 293 294 295 1 295 Last Post
The above setup highlights two important considerations when we analyse how 'price approaches' the
level/zone.
As you can see from the annotated chart below, the answer to both is no.
For me personally I'd still reduce my original risk in half, as the way I would look at is that although the
setup is still valid, it's clearly not 'as good' a setup as if the close approach didn't occur.
Mar 12, 2014 2:28am Mar 12, 2014 2:28am Quote Post #5,842
lovejoy80 | Commercial Member
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Mar 12, 2014 2:39am Mar 12, 2014 2:39am Quote Post #5,843
lovejoy80 | Commercial Member
An AUDJY M30 FTB that triggered during the Asian session for +1.97R
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Mar 13, 2014 12:42pm Mar 13, 2014 12:42pm Quote Post #5,844
lovejoy80 | Commercial Member
Mar 13, 2014 12:43pm Mar 13, 2014 12:43pm Quote Post #5,845
lovejoy80 | Commercial Member
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Mar 13, 2014 12:45pm Mar 13, 2014 12:45pm Quote Post #5,846
lovejoy80 | Commercial Member
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Mar 18, 2014 6:41am Mar 18, 2014 6:41am Quote Post #5,847
lovejoy80 | Commercial Member
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Mar 18, 2014 7:00am Mar 18, 2014 7:00am Quote Post #5,848
lovejoy80 | Commercial Member
As a follow up post, notice how the area price actually bounced from was the DP within the demand
highlighted above.
Knowing exactly what should hold / where price should react from at worse is extremely important, not just
for trading FTB's but for price action trading in general.
The problem is that the majority of PA traders don't possess good enough knowledge of SD zones and
decision points and thus use things like bar high/lows or even worse averages (through the use of indicators)
leading to wide and illogical SL placements.
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Mar 21, 2014 3:37am Mar 21, 2014 3:37am Quote Post #5,849
lovejoy80 | Commercial Member
1. AUDCHF FTB
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Mar 21, 2014 3:38am Mar 21, 2014 3:38am Quote Post #5,850
lovejoy80 | Commercial Member
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2. EURGBP DRT for +1.22R (late entry due to late being in front of my daily charts thus lost over 1R in
potential profit).
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Mar 21, 2014 3:40am Mar 21, 2014 3:40am Quote Post #5,851
lovejoy80 | Commercial Member
3. GBPSGD FB +2.02R
Notice how even on a cross pair the M1 proved useful source of information (for SL placement).
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Mar 23, 2014 12:23pm Mar 23, 2014 12:23pm Quote Post #5,852
lovejoy80 | Commercial Member
A USDJPY FTB trade from Friday (identified by Trading Room members in my absence)
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Mar 26, 2014 2:41am Mar 26, 2014 2:41am Quote Post #5,853
lovejoy80 | Commercial Member
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Mar 27, 2014 4:31pm Mar 27, 2014 4:31pm Quote Post #5,854
lovejoy80 | Commercial Member
Quoting lovejoy80
Quiet week, only 1 setup so far this week, an ACHF FTB.
1. ESEK DRT
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Mar 27, 2014 4:32pm Mar 27, 2014 4:32pm Quote Post #5,855
lovejoy80 | Commercial Member
2. USDJPY FTB
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Mar 27, 2014 4:33pm Mar 27, 2014 4:33pm Quote Post #5,856
lovejoy80 | Commercial Member
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3. CADCHF FTB
Mar 27, 2014 4:34pm Mar 27, 2014 4:34pm Quote Post #5,857
lovejoy80 | Commercial Member
4. EURUSD FTB
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Mar 27, 2014 4:37pm Mar 27, 2014 4:37pm Quote Post #5,858
lovejoy80 | Commercial Member
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5. EURCHF Daily FB
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1. AUDUSD
2. EURJPY
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More
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