High Probability

did the no no...
thought it looked like pa was going to reverse a bit to go from r3 back up to r2.
Did not use the strategy, absolutely none of the indis said this was in sight, the system is pretty much infallible if I will just follow it, and got stopped out -34 pips..
I will learn, I will learn, I will learn...
If it kills me I will learn.......

signals were okay, weak but favorable
end of day after the huge drop, some retracing in order.
4 positions
tgt 200 ema on 1m
original tgt was s3, but have lowered the tgt to be sure it is reached.

the 4 positions were good
reached 200 ema
phew..
the strategy is first class
the problem is me.....
I'm like a bucking bronco.

Good job man!

Thge target for today is like yesterday.
To identify at least 1 good trade, place multiple lots. looks for 5-10 pips.
To not over trade. All I need is the one good setup. my system will identify a break out... all I need to do is follow the system.
Stay on the horse....
I keep getting bucked off. Just stay on the horse...
Hang on.
this would be exactly what I would be looking for. breaking just below the 200 ema...

entered short on this but not sure.. took it in the demo because of doubts..
most likely a good entry point on a pull back and continuation of downtrend,
just a little far from the 200 ema and possible retrace back towards the 200 ema.
next downside target is s1 about a million miles away.at 1.4770
The drop has already been significant yesterday, would be very dramatic if a another day of intense selling pressure on the EUR.
Us mkts not open yet, they 2 correlate. Depends on dollar strength. More US bonds being sold today, selling of the bonds and low demand pushed the dollar strenght yesterday. Not sure I fully understand how that all fits together. Dollar strength and higher bond yields? But more bonds for sale today. So maye more intense selling of EUR.

yes it was a good set up
I would have taken 5 lots,
for 5 pips that would be +25 pips

good thing I exited when I did
there was a lot of risk in that trade so even though it was a good trade for 5 pips I am glad I did not take it in my real account...

this could be setting up for entry long
macd divergence on 5 min supports upside..

would have been a good entry point

tgt is pivot 1.491
still not the trade I want to take in my real account but let's see how it plays out in the demo...

the demo trade bombed but I ignored it because I saw the set up I was looking for and entered 4 lots in my real account.
I miscalculated the tgt to be 5 pips, when it was only 2 pips..
But that was still 2 pips x 4 lots =+8 pips.
the move is still going and is at 20 pips x 4 but I am just getting my bearings on this.
Let me get the setups right. And that is happening.
actually I didn't miscalculate. it was 5 pips, but there is time lag. I am using Zulu and trading my own signals. I notice that there are several seconds time lag for the order to run through the system. It can work both ways, more or less, this time it was less. It was limit order, but evidently the mkt moved before it could fill at the limit price. It is a little rough since I am trading the 1 minute and the trades are short and small amts. I will have to see how to take this into consideration and try for more pips to account for discrepancies.

mkt mover 20 mins...

really should not have entered a trade just minutes before data...
especially hi impact data.
signals were there to enter short,
still just before data that can be misleading, just due to the increase in volatility.
may be gonna get punished for this one,
lets see...
low consumer confidence, more downside, all the time frames say more downside...
better than expected consumer confidence, may still go down...
that's 4 lots, tgt s1, 1.47720
If I can pull this off this will be the biggest trade I've ever done.

s1

no doubt pa is going to s1 eventually.
I jumped out at 38 pips... that's x 4 lots = +152 pips...
I'm okay with that....

I've met my goals.
Over trading is the nemesis.

there are other risks to trading that have nothing at all to do with analysis or money management.
technical problems with internet and brokers.
Just now the web servers are down for FXDD. I am using them to link to Zulu, So I can just imagine the stress I would be experiencing if I were still in the trade. Yes I have stops and limits, but for scalping I also monitor the trade and if need be can close early if something is not going right.
The servers have just now come back up, 10 minutes or so later.
These servers go down all the time and sometimes they are down for 20 minutes or longer.
That is also risk...
For a scalper...
actually one of the servers is back, the other 2 are still down. (3 computers)...

right on tgt
s1 it is....
another 30 pips

hi jiva,

how are you,many thanks for your pm,i dont know if i can,i heard nothing about "it" before,i've noticed you have changed your template,how is it going?,i had no time to try your method,now i will demo it and will post my results!

sam