Thank you for your explanations, LJ. Your reply on the NZD/USD set-up makes me realize that I may be over-analyzing things when I should have just taken the good probability set-ups and let the numbers work themselves out given the odds while at the ...

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Hi, LJ. Would you skip the USD/CAD long if there were no 61.8% fib & RN confluence? Imo the S/R levels don't look really clean. It's a shame the GBP/USD short didn't work out despite the strong confluence. Could you please advise what made you exit ...

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On this hourly NZD/USD set-up, what made you so sure that it would end up as a H&S instead of a DT? Don't you think it has an equal or perhaps higher chance of forming a DT given that the previous high tested a daily (higher t/f) S/R level? It ...

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So would an initial SL slightly above the left shoulder high (see arrow on chart) around 0.8090 be your preference? I love small stops as long as it's a winner but have to admit that sometimes I get cold feet too. So please elaborate what kind of ...

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I am looking at the brighter side of things: it's better to have tried and missed (still better than failed & lost) rather than not at all. At least I get the experience as a good lesson, and it's what the market does as even the pros miss once in a ...

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- GBP/USD short: Banked half position at FTA, remaining half stopped out. - NZD/USD short: Missed entry by 6 pips. - USD/CAD long: Missed entry by 5 pips. The truth is that I am not too disappointed with the USD/CAD long as I cancelled the order on ...

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I second that, plus two more... On the positive side, the USDX weekly support seems to be holding.

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Great trades, LJ! I can see the correlated confluences between the pairs incl. the EURx, though the S/R levels are more obvious in the EUR & JPY crosses rather than in the AUD. Appreciate if you would shed light on your entries on these trades. Were ...

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Thank you for the clarifications, LJ.

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Thank you very much for the clear guidance, LJ. Do you think the followings would be valid for point #6 & #7: - Pullback to at least 50% fib - Reasonable distance (say, at least 0.5R) between the initial SL and the FLR/FLS

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Hi LJ, Would these set-ups qualify as FTBs as per your FTB definition?

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Thank you for the additional inputs, LJ. Really appreciate your taking the time to share your trading knowledge with us.

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This was an AUD/USD long I took in August, the market just plunged through the weekly S/R levels and stopped me out. Is this a good example of what you are referring to above, and that I should have just stayed out of the market? Yes, you should be ...

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Mistyped, should be LR's

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There are lots of gems in this post that I will certainly practice doing. Thank you, LJ. On second look, the daily bar that formed the DT was atually the entry bar itself. So in reality we didn't have the luxury of a DT to consider for the SL at the ...

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Yes, but it's a shame I didn't take it. I just need to build more confidence taking these TTs. DT = double top, correct? The first that came to mind was "down trend", but it didn't really click with what followed so realized that it should be ...

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I was looking at this potential EUR/JPY FTB short given the weekly resistance on EURx at around 107.75 but didn't take it. Attached are my thoughts on the SLs and TPs. Would appreciate your input, LJ, particularly on which SL to pick or may be you ...

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Another WOW trade... and the prudent management allows us to see how "letting your profits run" is done, not just said. Good job, LJ! Re the FLR, I would have mine at the obvious bar lows around 0.9905. Is this not right?

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Hi LJ, Could you please advise where were your initial SLs on these trades? Thank you.

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Hi LJ, I think I see it but not really sure, so please correct me if I am wrong. Is your take on the FTB because of price finding support and resistance on the daily line as indicated by the blue arrows in the attached chart below? Thank you.

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