Took the very same trade. Was thinking GU, but euro jumped in first. Ucad provided a nice supply FTB pinpointed on m1/m5.

LJ Forex Group

CADJPY — Took this one just an hour ago or so. Textbook I'd say.

LJ Forex Group

Two good trades — NU & GU. ** NU credit to my buddy SOSO.

LJ Forex Group

I don't promise anything as the market can surprise us every day. All I can say is that, as mentioned in a previous post, the attached scenario is very probable IMHO. In reality a diamond is composed by a broadening triangle and a regular triangle. ...

LJ Forex Group

I could imagine that. Same trade (GJ) happened on some other yen crosses too it seems.

LJ Forex Group

Question: Do you trade these with limit orders or you wait for the reaction and jump in? It seems the entry was a bit late (above base), that's why I am asking.

LJ Forex Group

I have a bit different view on the formation. If current levels hold (low of the day), we could be on the way to forming a very symmetrical diamond. I might want to add that diamonds, the true ones, are very powerful formations when it comes to ...

LJ Forex Group

It missed my order by 3 pips. I was away and could not handle the deal in person. Not funny at all.

LJ Forex Group

Yen crosses — Excellent opportunity to try to capitalize on EJ, CHFJPY and AJ 18.4 IW basis. UCAD could become an opportunity as well as NU.

Igrok Method. Q's & A's. Comments, thoughts and ideas

USDCAD FTB next week — Hi LJ, Planning this FTB for USCAD, if and when price gets there. It seems there are two levels inside the demand area. The upper level (DP or area of balance #2) seems to be the more precise area due to the bigger bars ...

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EURUSD — As previously expected EURUSD made a return to the resistance broken earlier this week. Provided a nice long in the direction of the mid-term trend. Very small stops too.

LJ Forex Group

USDCAD — Great 18.4 IM on UCAD.

Igrok Method. Q's & A's. Comments, thoughts and ideas

By the way, that particular trade had some very nice ingredients to it such as the supply area being the high of the month. Still going south. ;-)

LJ Forex Group

Lj, Thanks for your kind answer. Very clear now.

LJ Forex Group

Hi LJ, I apologize, but I didn't quite get your answer. The big spike bar occurred exactly during US Core CPI news release plus other CAD news releases. This is the bar I am referring to. Had I placed my stops outside the CP zone, I would have been ...

LJ Forex Group

EU was inside a flag in which the lower TL was a descending broken trend line from the highs of feb, apr and may. This TL was broken in September and became the bouncing bottom of this flag in which the top part is todays broken tl. This is ...

Igrok Method. Q's & A's. Comments, thoughts and ideas

EURUSD — We just had a nice impulsive move to break resistance in EURUSD. Just set a buy limit order at CP for the pullback entry (FTB).

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I have prepared two charts on the m1 TF. 1st shows the supply area as a whole. 2nd shows the exact decision point or where price is still in balance and where imbalance is generated. Hope this helps. PS: I wouldn't put too much faith, besides maybe ...

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USDCAD short @ Supply — Hi LJ, There was a short today from hat chunky supply area + resistance. I pinpointed the supply area (decision point) thru VLTFS, however price didn't quite respect the area. I am glad I placed my stops above ...

LJ Forex Group

Yep. There's definitely some S/R swap there. A buy at ˜1.2921 would be very interesting.

Igrok Method. Q's & A's. Comments, thoughts and ideas