So I entered a GBPUSD short scalp... it was a scalp and nothing more. Trading the zone itself during a pause in the holy shit get out of the way bull train trend seen today. I took the trade with great intentions. Grab 2:1 on part 1 upon seeing a ...

Prez Forex (pres78) Trading Journal

​Seems like it might be the right time to write a post on understanding trade expectations and trade limitations to hopefully help some others and also to refresh things in my own mind after my poor handling of my GBPUSD short scalp earlier today. ...

Prez Forex (pres78) Trading Journal

Well that wasn't smart on my part. Not only did I get stopped out at BE on the second half of my GBPUSD trade but I missed a chance to get long (and out of my short in profit rather than BE) back to the TVZH off a lovely little 5 min pres78 2BR type ...

Prez Forex (pres78) Trading Journal

​Out at BE for second half.

Prez Forex (pres78) Trading Journal

​ND has been Invalidated.

Prez Forex (pres78) Trading Journal

GBPUSD 15 min ND into TVZ 50%... touched and closed below the level. Not a call, just an observation ...

Prez Forex (pres78) Trading Journal

​TP1 target hit and closed for 2:1. Second half now at BE.

Prez Forex (pres78) Trading Journal

GBPUSD short scalp at 4586 looking for 50% of TVZ (see if we bounce, L would be next target after). 5min ND into the ZH. Will see if I can trail. TP 1 is just below 50% and would give 2:1.

Prez Forex (pres78) Trading Journal

​For me what works is this; YVZ = yellow fib (I ONLY remove IF a zone from today fully engulfs it and is on HIGHER volume) ADR Target zones = gray dashed lines (I ONLY remove if PA has full engulfed the zone - because then its redundant) LOVZ really ...

Prez Forex (pres78) Trading Journal

​Ended up pulling a nice 11:1 return from this one. Sellers now seem a bit more interested.

Prez Forex (pres78) Trading Journal

​Had I seen it I would have taken it for sure as a scalp back to the H which I would have tried to hold onto in case it ran (which it did). Loads of room to get even 2:1 had the H held.

Prez Forex (pres78) Trading Journal

​Well that would have worked out OK. I was already in so I decided not to add on for reasons noted above.

Prez Forex (pres78) Trading Journal

Notice on that EC trade how LO bar 50% was pretty close to the L of YVZ. That classic old breakout where we see the shared levels. It also shows a great thing to note. We get that LO surge and then return back to the shared 50%/L level and never ...

Prez Forex (pres78) Trading Journal

GBP USD 5 min NS/test into the H of TVZ. We've already moved up so much today (well over ADR) that I'd be nervous to take a long at this point (not much room back to the days high) but it sure looks like the sellers still aren't very interested at ...

Prez Forex (pres78) Trading Journal

I too took a GBPUSD long. Started as a scalp back to the zone H but has taken off. Currently locked in at 6:1. Entry was 4400, SL 4385. 15 min NS into YVZ 50% after having taken out the high. This was the last 15 min bar of LO first hour which gave ...

Prez Forex (pres78) Trading Journal

GBPUSD chance to scalp today's zone after again finding support at YVZH. 15 min NS (or close enough anyway, volume just a touch higher than the previous bar but still low overall) into 50% of TVZ, with correct SL one could grab 2:1 with a return to ...

Prez Forex (pres78) Trading Journal

​Ah ok. Volume must be a tad different on your chart compared to mine as I don't have any pres78 2BR's into the H of that zone (today's highest volume zone).

Prez Forex (pres78) Trading Journal

​Where and when? What zone / level did it form on?

Prez Forex (pres78) Trading Journal

​Not looking like this trade is going to work out. Started off the right direction but now heading back the wrong way. I will let it run though until completion as I am not a trade tinkerer ..​.

Prez Forex (pres78) Trading Journal

​Were those all taken off the 1 minute chart? I don't see any of those as being pres78 2BR's as none of them make LL on the second bar (or I am missing something). Yes by making the LL or HH the second bar is testing. Correct I am looking at having ...

Prez Forex (pres78) Trading Journal