The hard road to consistency

long 148k 24 stop 17 first target 37

 

stop moved to 21, second target set to 3148

 

today P/L: -141$

 

no kidding

this eur.usd really sucks right now

you lost money on the long side

I lost money on the short side

 

Well, there is always an option of sitting on the sidelines

 

short 148K 3082 stop 88 first target 71

 

short 100K 79 stop 94 first target 70

 

first target hit, second part out 86

 

Would you mind posting a chart of your latest setup? Not quite sure if I see any significance in the 82/79 levels.

Re: my PM, below are a couple of my latest trades and generally what I look for. I'm either buying/selling tops/bottoms that show a strong PA bounce or I'm trading the breakout and return (first time back) to a S&R level. I find I'm often times able to get 3, 4 even 5 bounces off a decent level.

I've traded this way for years on the daily/4hr/1hr charts but simply couldn't get the time to always be around for the setups. I'm very pleased to be trading this on the 5m/1m charts. While years ago, I swore I'd never trade these smaller TF, I've come to really enjoy grinding out a session (London trade, PST time zone like yourself).









Missed the above setup but the move is shown below.

 

Thanks for the contribution sam0182. I am off for a short holiday and will post some charts and explanation next week.