Define too close....i understand what you are saying, but what is your threshold?

As simple as possible: 00 level trading

It was on my charts .... +5.7

As simple as possible: 00 level trading

At the .50 level the hourly candle is still green, as the previous hour closed below the .50 (FF open hour, not new hour).....so IMO the pending shorts are NOT valid at .50

As simple as possible: 00 level trading

173.50 is above last hours close on my charts.....would be green, not red....no short for me there.

As simple as possible: 00 level trading

Amen to that. However, the good thing to note is that if one can turn a nice profit in these conditions....life is good and will only get better as volatility picks up.

As simple as possible: 00 level trading

Trade a small account with micro lots........much more useful than demo trading IMO

As simple as possible: 00 level trading

I would be very happy if the daily ranges resembled today going forward

As simple as possible: 00 level trading

I posted this because it may be of benefit to others. I don't want to take up Udine's thread with this. So I will give a brief explanation, then PM me if you wish. for the 1 HR charts.....I look for S/R strong moves....turning points form the TMAs. ...

As simple as possible: 00 level trading

FWIW....this is how I filter trades quickly. One of my screens is this quick reference screen. I look at the 1 HR HA and the currency meter on 5,15, and 60 min TF. image

As simple as possible: 00 level trading

Ok....done for the day.... results 8 trades .... 6 winners....two TS.....0 SL

As simple as possible: 00 level trading

Same here.

As simple as possible: 00 level trading

I have had several TS hit, but have not had a losing trade (full SL). thank you currency meter and thanks for the great system.

As simple as possible: 00 level trading

Gcad TH.... +5.7

As simple as possible: 00 level trading

Well done.

As simple as possible: 00 level trading

i would suggest forward testing live with small lot micro account. Back testing on Mt4 accounting for news etc. Is rubbish IMO.

As simple as possible: 00 level trading

to each their own. I track the results and until it shows me what I do gives me a negative return vs flat 5, I will happily continue on.

As simple as possible: 00 level trading

beacuase it is fast , accurate, and automatic. all important when scalping. I do this for a living not for entertainment. having 2-4 trades on at a time it is much less stress. I drop my script to enter the trade and my intervention is done .

As simple as possible: 00 level trading

Accounting for .7 pips commission is not a completely different trading plan......in fact Udine mentions to adjust for your broker. the way i select the pairs to trade has so far allowed me to avoid a full SL. When the trade hits the BE, I cover the ...

As simple as possible: 00 level trading

Fair enough....but at 7.00 per round trip (.7 pips) on a 5 pip target that is 14% commission on winning trades. to each their own, I mean you have to pay them regardless...I like to recoup that as much as possible.

As simple as possible: 00 level trading

FWIW....a good currency strength meter on 5,15, 60 mins can help choose pairs to trade....just my .02

As simple as possible: 00 level trading