This is an excellent idea. I think with this particular strategy, you need a fixed exit point. Exit points are more important than Entry. Entry creates risk. Exit stops risk. For Middle TZ strategy, from what I have seen, you are relying on a move ...

Trading the middle TZ's

Pending longs on USDCAD Pending short on EURUSD

Discovering An Edge

 I see what you mean, and would have to agree. Isn't this then just swing trading on a smaller scale?

Trading is as simple as 1-2-3

Well folks I may call it a day. 50% up this week, so I'm overall happy with that. I was almost at 3X what I started this month but last 2 days weren't as flash. Still, I'm happy with the progress..... it seems it's not a fluke! LOL Always more to ...

Discovering An Edge

I was going to write this in the other forum, but this place is much better! I see the Open as a reference point on a field, eg. Football. Hi/Lo is the depth that the opposition got into the other zone. The deeper into the zone, lower lows or higher ...

Trading is as simple as 1-2-3

I've had 2 pieces now. Chocolate. Kinda like a cross between a brownie and sponge.

Discovering An Edge

Yes, I'm thinking the same... but I've not pulled the trigger. Kinda reluctant @ 4:21pm. They have cake here in the office.... I think I prefer that!

Discovering An Edge

In simple terms, I see a measure of directional movement. Open is zero, our reference point. The fundamental driver of any entry is to move. I feel it would be better to understand this with a candle that represented a higher timeframe, eg. Daily. ...

Higher Edge within a Single Candlestick

That was a pure scalp trade... ie. not following my main strategies. Very very very rare for me to do now... but I was just frustrated from the whiplash. That trade closed out via SL @ +67 (incl position size). So I'm kinda okay with it. Am ...

Discovering An Edge

I wasn't watching ECAD but when you mentioned it and I had a look, as I said yesterday - your signals seem to match setups that my strategy gives with respect to trendline breakouts. Here's what I mean.... note that projection from the TL (14039) ...

Discovering An Edge

Got sick of getting stopped out today, so loaded up on UCAD as my only open trade to get back what I've lost. Stops tighter than a fish's ass.

Discovering An Edge

Breakout of the 1/2 hour did you say yesterday?

Discovering An Edge

K will give you free Ice Cream!

Rags to rags and ice cream

Good luck with the journal, K! Maybe you can buy an ice cream truck and come around?!

Rags to rags and ice cream

Gotcha! In light of that, I had a look at the 4H and I think the price action structure supports that from a GBP perspective. I won't be shorting myself. But it makes sense. image image

Discovering An Edge

No, definitely not shorting GBP... still long biased. But you're right about the profit taking. I guess I was too overconfident to move my stops to be BE just before I went off screen.

Discovering An Edge

You gotta love it when you go away for a meeting and come back and find winning positions in the red and some stopped out. GBPAUD -50 GBPCAD -50 Grrr

Discovering An Edge

Longs in play: image

Discovering An Edge

Haha. I thought that was AUDZimbabwe or something! LOL

Discovering An Edge