High Probability

added to position

closed for 15pips on 1st position and 4 pips on 2nd position
there's more upside, but I am at work and there is some interruption.
-11 pips +19 pips=+8 pips..

resistance on 30 min
intersection of trend line and 200 ema
a break through here would be a move to r1.
a failure would be back down to the pivot
seeing as it is fed day,
I am in favor of the return to the pivot...
prices would have to break through 2 previous highs to get to r1.

time for a break
trading is great..
love the stuff..

huge macd divergence on 4hr.
bumping up against long term trend line
back down for a while or break through?

looking for trend confirmation down on 5m
and robby pullback on 1m
low risk entry
tgt 200 ema on 5m
stop just above hi.. 5m

setting up confirmation on 5m for down trend
waiting for robby on the 1m

head fake on the 1 min
real move is continuation to upside and break through of trend line?
or
some reversal?

on the 1 min trade,
will evaluate the 5 min set up after the 1min tgt is hit...

tgt was hit on 1m very quickly
but my limit order was not taken out.
That is the 2nd time this am that has happened.
Price action (ask) passed through my limit but it was not filled.
this a demo through zulu, so there are issues with filling these orders.. the orders pass through several servers before they are received, makes it awkward to capture scalps.

was filled but at a dumb price . 1pip..
it is a technical issue because this a demo..
but I need to compensate for these discrepancies...

to capture a move on the 5m would need to see robby pull back again on the 1min...
this is why I don't trade live at work, interruptions...
will have to wait till I am back at the trading desk at home..
If I can get good enough..
NO MORE INTERRUPTIONS!!

it took forever but eventually pa reached 200 ema on the 5m.
Now I am back in the trading room, no interruptions...
data out in 15 mins.

my guess is a retest of the 200 on the 1m,
I would look for entry confirmation there,
robby on a retrace,
5min showing downtrend,
careful though volatility is cranked way up just before mkt moving data release,
beware whipsaws..
Even if there is signal on the 1m to enter short, I think I am going to wait until the dust settles after the data to make sure 5min confirms a trend...

2 mins then down?

if this breakout is for real the next tgt would be r1...

risk is too much to enter now,
so I would look for a pullback to enter long, tgt r1.

it can be that the breakout above the trend line shown on the 5min is simply stop losses being taken out and there are no new big buy orders waiting, so it was a squeeze of sorts and the real move where the actual orders to initiate positions are downtrend...
so far a lot to do about nothing...
no clear trend defined on the 5m.
is this a pullback on the 1m or just volatility on fed day?
the good thing is I don't have trade if it isn't clear...

super rsi flashed 5m and 15 so jumped in for 3 pips..
pa is going to r1 eventually but with lots of whipsaws along the way,
hard to find a good entry point with low risk...
maybe 200 on the 1h is as far as this goes for a while..
then again there is huge macd divergence on the 4h.
I trade the 1 min with trend defined on the 5m but I can't seem to get a good entry point... with low risk

big neg divergence on macd 1m
pullback to 200 1m.