I'm actually a Finance graduate, and my best course back in uni was financial risk modeling. I wish I could go into details about the risk models that i use in my FX trading, but unfortunately discussing them here isn't one of the purposes that I ...

Jay's High Probability Setups

Here's what I look at when I don't want to look into individual positions. Since all the positions taken are based on high probability setups, I just need to look at the aggregate exposure to get an idea what the next high probability movement is ...

Jay's High Probability Setups

If and only IF history is going to repeat itself like it has done 5 times already in the last 7 months, then I can say that yesterday/today we witnessed the top of GBP strength & the top of the CHF weakness, and for the coming days we will be only ...

Jay's High Probability Setups

Yes the DD was real nasty, the Yen move contributed, but the main factor was the GBP strength. These Drawdows have been always happening, and I'm working hard to try to understand when/why they are happening at the time they do. When you are ...

Jay's High Probability Setups

I'm experimenting with that in the current demo account I have posted, targets if you have noticed are always between 40 & 60 pips. Would like to see the effect of fixed targets (in terms of pips) given every thing else is still the same. Hopefully ...

Jay's High Probability Setups

I really appreciate that. Knowing that someone is benefiting from what I have to say & knowing that there will always be someone that will benefit me with his/her ideas is what keeps me in this community. I may not post as much as most of the ...

Jay's High Probability Setups

The longer the wait, the harder the fall! Waiting patiently

Jay's High Probability Setups

I have no clue, but I thought they weren't much given the small amount of interaction that happens around here. Seems I'm mistaken, or maybe crowds are starting to gather to see the account explode one day

Jay's High Probability Setups

Keep in mind that once once NZD finishes its up move, it'll be ready for a nice big dive to the downside. I'll keep you posted on when is that going to happen, but I have reasons to believe that we won't be waiting too much for that.

Jay's High Probability Setups

Couldn't help but notice that yesterday around this time when I checked my journal it said it had 91,333 views; now, 24 hours later it shows 91,927 views. 600 views in 24 hours, and all I made was one post mentioning that USDJPY went below 101? Just ...

Jay's High Probability Setups

I see lots of positions on my TE that require GBP weakness. Unlike NZD, the drop in GBP won't be out of "no where", and won't feel weird. There are plenty of Brexit related news that can 'cause' the drop. Just sayin

Jay's High Probability Setups

Yep a pop out of nowhere As far as I know there was no news coming out on NZD today, yet NZD is the strongest against all other majors, weird , no? What needs to happen has to happen

Jay's High Probability Setups

Done with USDJPY it went well below 101 As for USDCHF, haven't seen any significant down move yet, seems the swiss central bank if managing to do a good job so far. Would love to see how much longer they'll mange to hold it.

Jay's High Probability Setups

As you can see from the TE, there are lots of open orders that require NZD strength. Expect a pop in NZD to happen out of no where

Jay's High Probability Setups

Yep, I'm sticking to the Daily TF only when finding my setups. Again, mainly since I'm not having lots of screen time to trade lower TFs & other methods. As for the EU trade, usually by the time a high probability trades shows up opposing the 1st ...

Jay's High Probability Setups

Correct, I'm talking about the account/broker leverage. Given that this is a high risk test, and there will be no calculated risk limits, having a lower leverage will be the thing that will hold me from going crazy with the volumes. Please note that ...

Jay's High Probability Setups

Lastly, I'd like to kindly ask you to limit the question related to the TE to this trading Journal. If you have any question please post here & don't send it to my inbox. Your question may be helpful for others, and I'll be answering it once for all ...

Jay's High Probability Setups

As I mentioned earlier, this is a high risk Test, meaning the DD will most likely be high. I don't have any Max DD% number in mind that I'm not allowing myself to exceed. As long the account is not margin called, the test is still in play. I went ...

Jay's High Probability Setups

The daily trades will be taken mostly during early hours (my time), i.e. pre London open. I advise following the stats under the "Trade Report" Tab, rather than just looking at the % growth. Like all my other strategies & methods, the Win Rate will ...

Jay's High Probability Setups

I'm going to be trying a high risk version of the strategy that I am currently using in trading currencies. I'm going to try to make the testing as systematic as possible, for that I decided to use an EA that opens trades just once every 24 hours in ...

Jay's High Probability Setups