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    • pres78 replied Jan 4, 2016

      Each trader needs to find what works for them with respect to placement of SL and the impact that has on things like win rate and R:R. With 1:1 we need a higher win rate to be at our best. Higher R:R we can live off lower win rate. Me I have been ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      No I don't place my SL's specifically based on ND or NS bars. That could well be the case in many cases however when I set my SL I consider these factors; I want my SL as close as safely possible. Reason, like anyone I want the best possible R:R on ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      Not bad looking at all. Back above the zone high and above your now sloping upward MA (2 check marks based on your chart set-up). What I find the most interesting is that tiny range down bar on quite high volume right before the break out of the ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      ​Got my 1:1 at 5060 on the first half. Will leave the second half fully exposed (worst case net BE at this point). Not as nice an entry as the first attempt (which I got stopped out on by 0.2 pips) with a bit wider SL but better timing. We all take ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      ​Correct, although the break was not great (nicer to see a bit of move away from the broken level) and as you can see the L is providing support again (thus my rule for needing to be able to get 1:1 before the next level when trading from the ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      ​Happy New Year to you too! If you want to rank entries based on safety then yes a ND / test / 2BR into the low or a NS / test / 2BR into the high is certainly the safest. The reason is the H and or L can serve as a bounce point. Unless a zone is ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      ​ES (S&P) down over 63 points today... wow! and all without me after I closed out Thursday. Ah well. Could've grabbed a short off the low of the LO zone around NYO but never did. Take a look at where price capped on ES during first 3 hours of ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Jan 4, 2016

      Check out that EURUSD chart at LO today. Initial move was a fake out, break out upwards which the SM used to fill sell orders. Think of how many break out traders were more than willing to buy the break of Thursday's high when they saw price pushing ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Dec 31, 2015

      Getting ready to take the kids to the movies and my phone just buzzed telling me that the ask price hit 2051 so that means a nice 7:1 return and I'm now flat on my intraday trades. I really need to write some email notification code into my trade ...

      Prez Forex (pres78) Trading Journal
    • pres78 replied Dec 31, 2015

      ​Those SM bastards must of heard me and finally moved this bugger down some more 0.3 ticks away from 4:1 and locking in at 2:1 so I sit firmly at 1:1 for now... Hoping for a drop to at least 2051 before the end of day. Would love to see that 2051 ...

      Prez Forex (pres78) Trading Journal