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Well read Driver. That Demo account is close to a $300,000.00 balance because it was traded {Well within a 2% risk &} with an attitude that I felt was correct. {ok. got my Momentum going, just don't want to get caught with no Defence But why should I stop Attacking?}
I use it in an attempt to maintain my psyche that I do actually know what I am doing.

Confidence, I am finding, needs to be added to the "patience and discipline" mantra.

If no objections come forth, I can provide a topic of scalping and non-scalping trading using two Bollinger bands and fibonacci extensions to aid entries and exits. Here is a sample scalp trade using the method.....

EU on M1 Chart: Trix crossed up and BBs offered "squeeze". Took trade here. PA moved north and hesitated at +424% fib extension level and Trix had crossed down. Took exit.

I would appreciate any feedback as to whether or not this topic is deemed appropriate and of interest to the administrator and members.

Edit: Add second chart. Is shows a second "dual squeeze" came into play with PA again moving further north.....
Edit: Add third chart showing accuracy of fib extensions........

Go for it for it is the way of the world to ask for forgivenes rather than permission...

Absolutley...

looking forward to it and I've PM'd Trader to work up a set of posts on the 2 different styles that clearly lay it all out in detail, so I can reference them as a block of instructional posts on the index on post #1 as he generates them.

Sorry folks. I thought the Scroll bar would work. Apparently not. so... 2 Posts to follow.

& then...

3rd Part.

I actually would appreciate some others input on my MM for I know it isn't as good as it could be. {mathematically speaking, that is}

Well, I guess if you find it & you can use it you deserve it.

Part 3 should contain this...

EJ on M1 Chart: Now, I know that a series of posts that put this method together is what ak4x suggests. And I agree. But, until that happens, from time to time I may not be able to resist posting a trade such as this current one. This is CLASSIC! The Dual BB pinch/squeeze was PERFECT. And it happened as PA was transitioning from below the Ichimoku "cloud" to above it.....bringing the expectancy of a long trade bias. A good entry on these is in the area of the squeezed upper bands. Confirmation the "Big Boys" were on this one was when they TWICE manipulated the PA back down to that area to load up. Then the PA was launched on good increased relative volume and moved nicely to the +424% fib extension level. This is where I got cold feet and made the exit. Good thing, too......

Edit: Add second chart of M15 TF so show PA is above cloud, and second time at HOD (high of day/session).
Edit: Updated M15 chart so you can see PA went on to also hit the 424% level.

Spent & laid myself in front of the Market & yet survived;
'Still wanna fight it? If you do it's gonna getcha."

The esccence is we are attempting to educate you.
While we Learn,
But we are attempting to pass on what we have already learned... while we continue...

Sorry, but my charts wouldn't fit without a Huge expediture of time that I am not willing to expose to the Assault.
They're pretty clean but probably don't look much like yours.

EU on M1 and M15 chart: This one turned out better than expected. First entry on very poor BB channelling (see yellow circles). Could have made 10+ pips but stayed in trade. PA pulled up to my entry, but then we got a really good pair of BBs pinching, so added to trade. After a nice quick move down, strong pulllup and down again, I had had enough and took exit below the -262% fib ext. line. All this was done in a downside environment on the M15 chart, which still portends more downside. Gotta protect those profits, however.......

EU M30 Chart: Perhaps not a scalp trade this time....something a bit longer. Nice pinch on inner BB. But what caught my eye was the spike up, roll over, and down. Nice volume on the spike up....due to massive selling as they ran it up....????? Anyway, as John Bollinger wrote, sometimes the PA breaks out seemingly strong in one direction, only to turn and make the real run in the other direction. And that is what I am looking at for this trade. There bearish divergence covering the last peaks, so it could happen. There is also a lot of volatility here....PA swings. When this happens, it can be a sign of "position" changing. If the big players are selling, it runs the PA. Then they have to work it back. If they are buying, it runs the PA. Then they have to work it back. Once back, they sell or buy again....it runs again....they have to work it back again....over and over. After this "consolidation" it could go either way. It is a gamble.

Edit: Updated chart. PA pushing at the highs. On the other hand, I realized there is INCREASING bearish divergence, which can be seen by going back to previous peaks.....
Edit: (17 hrs later...) See what can happen when there is no real dual pinch......disaster! Geez, this climbed 200 pips!

EU M1 Chart: Both bands pinching simultaneously, entered short at 1.344. Dropped about 10 pips then flatlined for a while. Then broke down for a few more pips, to the -424% fib. extension level where I took my exit at 1.3425.

EJ M1 Chart: PA came down and then BBs made pinch area. Longer TF charts in down trend, so I waited for PA to come out of pinch (UP) and then roll over and pass back down thru basis line, where I entered short 133.68. PA waffeled a lot afterwards, but finally broke down, where I made exit at -538% fib extension level at 133.25.

It has been over 20 hours and no one else has posted, or I am not seeing them.

EU M1 Chart: After previous trade I re-entered short based on longer TF charts. Then it pulled up to previous familiar area and I added short. As luck would have it, it waffeled higher but then dropped. Overall, not a good trade as entry was not on good dual pinches.....lucky to be profitable on it.

Well guys,
as most of you know, in Italy was an earthquake.
Each time these tragedies happen, I can not work. I came back just now in front of the monitor and give you this vision of things.
As some of you know, because we talked in private, I still have a short vision on EURUSD and a long on USDCHF.
The charts refer to the crosses in question.
As always it is a little premature to talk on either crosses of H&S.
But , this also means 'maybe ' to see things in advance and have a plan to work more clearly.
As for EURUSD I expect the construction of the right shoulder, which should not exceed 1.3420 if they want to be precise. After that I expect the drop to the target indicated in the chart.

The same assumption is stated for USDCHF, obviously with a reverse H&S

Just starting to feel like I'm getting back in "synch" a little bit from last weeks committments and demands. Lots of "Other" things going on related to Life and not too engaged with trading or charts... and still not really.

Very glad to see that Driver is still up and running and not in the immediate quake area tho.

We've lived thru some fairly significant Rockers in our day and they can be very unsettling at best and brutally destructive at worst.

I obviously haven't been posting much except for a few thoughts last week elsewhere. Regarding that, I've pretty much observed that posting Views and Perspectives frequently morphs from a seemingly worthwhile use of Time into a "Diminishing Returns" endeavour quicker than one would think. This appears to be one of them. I used to relish the Conflict, but currently it's just distracting and wearisome.

That said, once I get fully back in the swing of things maybe later this week, I intend to hang out here "A'rd the Table" and relax until this cycle has turned, as they always do...

On other notes, I've been following somewhat closely as I always try to do the many changes both subtle and not so, that seem to be characteristic of the new Administration here in the US. It seems we are in many ways less "United" than we've been in my memory anyways, but that's very subjective and I wouldn't debate it at this point.

Many things Are Changing tho, and it doesn't yet appear what They will become. That said... and as a very wise man (Solomon) once observed... "What's new under the sun?" Beats me, but apparently not much.

To the degree that I'm trading at all right now, I'm currently Short EU in between bouts of being Long EU, and keeping my finger on the Trigger... Not much help I know, but it seems to produce a few pips here and there, and more importantly, they tend to stay in the Pip Corral longer that way as well.

I think that about sums it up for now.

ADD: And Thanks Driver for that exellent and concise heads up on EU and the Swissy...

Hi guys,
I want update the yesterday post about my idea in relation of the future market trend .
The Asian session has slightly changed the target, but moreover as I have said is still a little premature.
In any case I have upgraded the possible scenarios and targets.
I will also to say that the area 1,3205-1,3215 is an important reference on a monthly basis and is therefore better to stay in the right direction of the market in relation to this area.