Sorry I haven't dropped by in a while. Biscuits, by looking at your chart, I think I can help you out a little. If you look to the left on the chart, you can see that price you got in at isn't really outside of the range of where it has been ...

EUR/USD Scalp 1 min

There isn't. I think I just googled it.

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I use the stock MM on Metatrader and I don't believe I changed any of the settings. I trade the EU and I normally wait for price to move well beyond 30 pips from the 200. I want to see a big move before I get in.

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This is all in the thread. Looking for confluence of several different indicators.

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I agree, but there is also opportunity in there well after these announcements. The price won't move in a straight line forever. Try and get into a trade when the price is outside of the bands.

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This is why I am always looking for a big breakout before I get into trades. I never trade when it is quiet. The market is poised for a big move. I haven't seen the chart for that day, nor could I tell you exactly where I would have entered at this ...

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no problem. just demo the heck out of it first and you'll see why you must be patient for the best set ups.

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that third push in the second pic would have been a good place to enter as long as you had some other confluence to take it.

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yes, that third high on your chart is a good place to start looking to enter as long as you are following the other rules of the system.

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yes, i wouldn't have traded anything on this chart. price is actually waiting on a breakout here, and that is when you do not want to trade. it will wipe you out. wait for a breakout to occur before you start looking for opportunities.

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you are trading this entirely different than me, but looks like you are doing well! continued success!

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thanks for the post. yes, this is why i wait for extreme moves before i get in. these extreme moves of 300 plus pips don't happen in straight lines. there are always buyers/sellers/orders. i take advantage of this fact. it is very difficult to ...

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i still use kind of a mental stop and get out when i don't feel comfortable. i really haven't found any trouble however when i follow all of the rules. i look for reasons not to trade as opposed to looking for reasons to trade.

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Well said, Bergax. That pretty much sums it up.

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Yes, I got way more picky. I hate averaging in, so I forced myself to up the margin and take fewer trades.

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Yes, I still use it. I also play a mind trick on myself that keeps me patient. I pretend that I only need to make one profitable trade per day, and my life depends on it. It's a little extreme but it works for me. It makes me follow all my rules, ...

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You've got the hang of it. Patience for the good trades is key.

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Sorry I haven't checked in a while. Dhb, thanks for the posts. The breakouts you speak of is why I wait for the breakouts to happen first. I won't trade in a ranging market as it is poised for a breakout. I won't get caught up in those things when ...

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did you go short on that one?

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Yes, I am conservative from that standpoint. This is why I am so patient and wait for a strong move before I even consider entering. I never want to get into a situation where I am averaging in anywhere over 3 times. It will only take one bad loss ...

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