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Long @ 1.5819.

Stopped out for 4% profit.

Nice run as we have broken out of range (Mandelbrot was dead right in his analysis). Fixed 4% profit and holding long.

Long @ 811.

Out for a small loss (less than 1%).

Short @ 801.

After many experiments I removed all indicators from my charts and currently use just PA, volume (both raw and bid/ask) and S/R (both horizontal and trendlines). In FX just PA and S/R for obvious reasons. For me this turned out to result in earlier and better r/r entries. When I used...

Missed a nice entry which would have already resulted in profit, because lost focus and was browsing ET instead. Another lesson for me - think twice before doing something else when mkt is about to move. It may easily cost you several hundred bucks at very least. Next time I'll think if...

Mandelbrot: agree, we need to get out of range to see some bigger runs.

Pretty choppy opening so far... And no setups as a consequence. Hopefully this unspent market energy will give birth to something good later. :)

And took a quick 4% profit @ 69.. :p

Short @ 1.5783.

NP, I'm glad if this info is useful for you. As for other pairs, no, I have found that they usually have wider spread and that is critical when trading such small moves. But I diversify the other way - trade NQ and DAX futures and sometimes some stocks (simply if in a stock mood :D ).

This is hard to say exactly, but average profit objective is I'd say around 20-25 pips. As for discretion - this is even harder to say. :) The reason is from one side I use simple textbook setups to trade, but from the other side really decide which to trade based on experience, which is...

Thanks 1R! I really hope this thread will not only improve my discipline, but becomes useful for readers too!

Thanks for kind words. Yes, 4% means just 2 times initial (worst case) risk. I use percentage terms, because position size and distance between entry and stop vary from trade to trade, and using direct money terms I consider wrong from psychology point of view, because one very good trader...

Agree, Friday is often choppy, plus end of quarter... Well, I'm done for this week. Wish everyone a good weekend!

Good end of the week. Squared for usual 4% profit. :D

Shorted @ 65 and seems at the time I write it, it's gonna be good. :)

And scratch again. :D