More simple is impossible

Nice ones. You controlled that potential loser well, out for a B/E.

EU +74. Thats me for today unless something happens to kick the EU in the nether regions.

...and break!

Will there be enough SLs at this level to maintain the upwards momentum? Not sure! First there will need to be a Pullback, 9 Full bars without a hint of a Pullback, lunch time approaching in London and Europe, expect a lull.
And as "friska" has shown, a triangle breakout on the 4Hr chart which ran into the BRN 1.1450, now I would expect a Pullback to give the Breakout Pullback Continuation Pattern (BPC).

awesome result!

I'm trying to get familiar with 1m chart,
to better consider the timing of closing position.
I still do big mistakes...

CT trade on UC:

also on EA:

EU +36. Divergence @ BRN & S&R leading into a 123 Reversal and a TL break. Multiple choice TPS creating confluence. 50% retr of the day 50% retr HTF & 200% Ext of 123 & S&R level.

I also played with the pullback but not as well as you ...
5pip renko less chance of reading the divergence.

really nice analysis

One question for dee50 - how you control the risk when you trade automated4x method? Do you still use 10 pips risk? I'm asking because met the method before but the way morimpre suggests to set SL's seems unacceptable - sometimes it is small sometimes it is big. On the other hand whatever you touch looks very consistent.

good morning to all!
...euro fights

have to see what the day brings, but very well may be congestion until fed minutes released in afternoon US session.

hi panamamike!
are you still on the playa?

i think so too,
market is waiting for news...

meanwhile scalping eu

Hi Friska,
maybe you have already shared but what is your stop loss and target strategy on 5 pip renko? Are you using any EA managing the positions behind you?

Hi Dee50,
really appreciate your daily analisys. Great opportunity to learn trading skills.
can you be a bit more detailed next time?

Good news from UK, skyrocketed all GBP pairs, lets see if it settles of retraces..

still at the playa until the end of the week. It has been great hosting family, but I look forward to getting back to my routine.

hi mac1,
my sl depends generally on my mm, r:r and by the size with which I want to enter the trade.
if i have no references, as s/ro, brn, fibo etc, usually hold a 10pip of sl and just the position reaches 5 / 7pip in gain I move to be. 10 pips against me make me understand that my reasoning is wrong and therefore very often even before I close manually.
I do not set tp, I go out according to the pa (very often I close prematurely).
but I advise you to ask people here more skilled than me ... I do still have a lot of crap ...
sorry for my english,
I hope I helped you ...
my 2 cents

EU +2 +6 +2 +18. This is what happens when you try to trade on FOMC minutes day. OK the GBP pairs had a phenomenal day but ordinarily they would not have.

To answer a question on my SL distance. I use a 10 -12 pip sl, which is largely completely irrelevant because I usually move to B/E +2 @ 5-7 pips, also I do not hesitate with my entry so I am in early enough so that if the market has an abrupt change of mind I am normally already at B/E, hence you see very very few losing trades but many B/E +2, much like today. It can be frustrating to be taken out of what turns into a good move but the other side of it is that you never have to recoup a loss so that when you catch the runners they are pure profit.

Today good day scalping eu.
two short entry with renko, the first I lost a gain of 10p and I ended BE, second -5 and closed manually.
overall though the day ended positively.
Now cook the popcorn for the FOMC ...
dee, you will try to trade the news?