Marko23

EUR/USD 4h gets moving ECOFIN meeting ends

Yes, please. Until beginning of this week I had R-multiples only in my Excel sheets. Now I draw the R-scale for every trade and I feel very good with it. As with every new aspect it feels too good just after the introduction. But I can take profits more consistently when a trade has got to 2 to 3R, stalls and does not progress to my favorite projection of the day.

EUR/USD at 1.3600 again Start visible in 3m timescale Out for 10 tick and quitting-time.

It jumped through the 62% zone.

Too late to post this 2nd chance to start at 1.3601 with small stop!! Out for 7R, went above 8R Had I been frustated about the first huge bar, I probably would not have bought the 2nd chance.

You shouldn't get frustated, the market has no intentions to do that! If you feel frustated, it is more difficult for you to continue with flawless execution of your system and take the next trade, which may follow very soon. Yes, that's a tall order. Every trade your system signals and you skip, for whatever reason, diminishes your statistical edge a little bit.

You share, we share, together we accumulate knowledge.

The attached zip-file contains an article from Mark Douglas "Learning Flawless Execution of a Trading System" It may be helpful for some readers of this thread. howtoexec.zip

EUR/USD out for me because of wave proportions

Daily chart of EUR/USD, c larger than a and short again Could be to ambitious for a single day

Trade closed at 2R, slow progress. Trailing stop better than 2R Trailing stop hit, insignificant improvement MFE 5R

EUR/USD Short triggered At break even

EUR/USD Long possible Triggered already Modified start triggered and stopped. At the end of this week, I'll know whether the start with pullback is useful for EUR/USD. Original start stopped.

You did better than I! Your trade on the R scale.

EUR/USD may trigger on pullback (or not) This is an experimental setup. No trigger. Original Thales setup triggered.

Not your fault, perhaps my weird thinking and/or English. The modified setup has been tested with Bund (FGBL) with good results. It may not perform with EUR/USD because it needs a pullback to trigger.

The breakout bar is 1.3700 ... 1.3713. The limit order was at 1.3707 after the breakout bar completed. The order was not filled, there was no pullback. 1.3707 = 1.3700 + 50%(1.3713 - 1.3700) The stop was at 1.3699 = 1.3700 - 0.0001

I want to start after a pullback of 50% of the breakout bar and place the stop 1 tick below the low of the breakout bar for a Long. The last example with EUR/USD shows how perfectly that approach can fail!

No trigger from the modified setup! The original Thales setup did trigger for +4.4R .

EUR/USD Short possibility Triggered Stop at +0.5R Out at 2.5R, MFE 3.2R

EUR/USD trend continuation Did not trigger

Hi folks, during this week I'll experiment with a modified setup. I want to start after the breakout bar is finished. Stopped at -1.1R. Trade was deliberately taken against the trend.

EUR/USD at 2nd target and five waves down

Three pushes down in the daily chart and three pushes down in the 15m chart

That chart was rather real time, may get to 1st target and is a winner in any case