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LJ Forex Group
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Mar 7, 2014 12:04pm Mar 7, 2014 12:04pm Quote Post #5,841


lovejoy80 | Commercial Member

The above setup highlights two important considerations when we analyse how 'price approaches' the
level/zone.

1. Impulsive moves - is the approach considered impulsive?

2. The close approach - is this a reason to cancel the trade?

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.

Attached Image (click to enlarge)

Mar 12, 2014 2:28am Mar 12, 2014 2:28am Quote Post #5,842
lovejoy80 | Commercial Member

An AUDUSD M30 FTB setup yesterday that was cancelled.

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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

EURGBP DRT last night:

Attached Images (click to enlarge)

Mar 13, 2014 12:43pm Mar 13, 2014 12:43pm Quote Post #5,845
lovejoy80 | Commercial Member

GBPJPY FTB that setup overnight.

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Mar 13, 2014 12:45pm Mar 13, 2014 12:45pm Quote Post #5,846
lovejoy80 | Commercial Member

Another FTB from overnight.

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Mar 18, 2014 6:41am Mar 18, 2014 6:41am Quote Post #5,847
lovejoy80 | Commercial Member

AUDJPY M30 FTB this morning for +1.28R

(M30, M30, M5, M1, M1 TF charts below)

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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.

Attached Image (click to enlarge)

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Mar 21, 2014 3:37am Mar 21, 2014 3:37am Quote Post #5,849
lovejoy80 | Commercial Member

Recent setups / trades...

1. AUDCHF FTB

Attached Images (click to enlarge)

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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

Quiet week, only 1 setup so far this week, an ACHF FTB.

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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.

It sure picked up over the last 24 hours...

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

Attached Images (click to enlarge)

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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Apr 4, 2014 4:43am Apr 4, 2014 4:43am Quote Post #5,859


lovejoy80 | Commercial Member

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FTB's triggered this week:

1. AUDUSD

Attached Image (click to enlarge)

Apr 4, 2014 4:43am Apr 4, 2014 4:43am Quote Post #5,860


lovejoy80 | Commercial Member

2. EURJPY

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