GU Enter at Frankfurt open 4R Been half a year since last trades. Yesterday -1R, today +4R. Demo trading to see if I am mentally stable for prop firm trading.

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EU London

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I have this big grey box marked on 4H. Don't know how much strength does market still have today after massive move. Candles also touched weekly support (green line).

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GU was brutal yea, 150 pips in 30min

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You mean pullback to that level?

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I was wrong about pullback, at least short-term. Would have been nice profit if I let it run. But better something than nothing.

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EU London 3.8R locked. Closed when 30m candle ended because I expect some kind of pullback and then might re-enter short.

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They were like: "watch now" 1585 is a zone where price has tested multiple times from June.

EURUSD only

Same. EU during NY. Might be slow as US bank holiday. Update: BE hit

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I'm also in sell. Yes, trendline hasn't been broken yet, but 1H peaks do tell some story. Also last 1H candle could play in favor of bears.

EURUSD only

Yes, 15m and 30m showed candle closing above grey zone which is not according to rules. On 1H it was ok and because I liked the price action I took it. But...it could easily go the other way. I was first prepared to go long on 15m but yeah, zoomed ...

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EU during Frankfurt. Played this one off of 1H candle. SL moved to 1R. Let's see where can we push. EDIT: SL for 1R hit.

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EU at Frankfurt open. After big sell candle I moved SL to BE and it hit. One observation. On EU pair I have noticed that many times good trades come at around 2 hours before NY open. So I will give it a try and not focus only on 1,5hr into session ...

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I'm thinking around 1700 price may turn around. Let's see if CAD news impact the price.

Only EURUSD

I am reading this with a tear in my eye. Thank you for all the advices and contributions. Although I came into this thread only in the beginning of this year, you unlocked another kind of thinking in me. Thank you again. I wish you a blessed rest of ...

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Yes indeed. But I closed the position at BE. Price was consolidating and I was too long in the trade already for my style.

Cable Update (GBPUSD)

My point of view is a little different. Off course I may be wrong. In ideal scenario price would re-test 1H line and continue down. That would be text book price action.

Cable Update (GBPUSD)

Higher TF is 4H, D, W, M. Personally I mostly use D and W and then trade on 30 or 15m chart. But this is just my system. You need to practice and develop your own. If I see good setup at open I take it.

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Hey Sorry, but I'm afraid you're gonna have to do it yourself. We all did. There is plenty of summaries in this thread. Go through every page thoroughly. It took me a month and it's the only way to fully understand this method. Then lots of ...

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Monthly update. July was my first profitable month using this strategy (3 months total). Pretty happy about it. 11% gain locked on account. 15 trades total. Looking forward what next month brings. Took a quick GU position in London today, closed at ...

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