Well aud bounced after being nicely in profit overnight, this is why I scalp and not swing trade. I got stopped out BE. This is the thing- I felt like moving my stop loss as you end up getting attached to trades that go a decent amount in profit. ...

EUR/USD 15m trendline breakout

Thanks, I will take a look! Felt like I needed a break today so stepping away from the screen as I've been spending way too much time on this during lockdown. No doubt I'll check in later. AUD running well, too. I never take trades longer then a day ...

EUR/USD 15m trendline breakout

Thanks man appreciate the comment! One of those days where I was confusing myself with an internal dialogue, somehow went from bearish to bullish to bearish again. Also a newcomer, basically only trading since the inception of this thread. When I ...

EUR/USD 15m trendline breakout

Decided to short AUD/USD as a confluence trade. Why- because of the potential bearish retrace shown on the higher TFs potentially top of a double top on daily. DXY has shown a W pattern and broken out of a falling wedge. Entry short on aud is on a ...

EUR/USD 15m trendline breakout

Flag break and retest Very self explanatory, same rules as the wedge breakout and retest. Let S&R, pivots and price action guide your exit. Here is UK 10 year Gilts today. The pattern occurs a lot in the bond market.

EUR/USD 15m trendline breakout

The 'M' and 'W' pattern AKA double top and double bottom. Just look for this shape to occur on the 5m TF. Take the last 'leg' of the W or M, draw a fib retracement. Wait for 0.618 to fib and enter short for an M, long for a W. As with previous trade ...

EUR/USD 15m trendline breakout

Confluence scalp This trade is the most open to interpretation. Basically we are looking for 3 or more corresponding levels to enter in a trade- one can be in DXY. It can be S&R, pivots, trendline, edge of a channel, fibonacci retrace/extension, ...

EUR/USD 15m trendline breakout

Pivot bounce trade Another all time favourite with a high win rate. Simply long or short at the daily pivot. Get used to the idea of shorting whilst price is going up when scalping and vice versa. Take profit at the nearest S1/R1, or support/res. ...

EUR/USD 15m trendline breakout

I'll start posting the different setups I'll take now starting with a trade that jumped off the chart whilst I was setting this chart up Wedge break and retest Really simple. This is my desert island trade. A wedge pattern is formed. Wait for it to ...

EUR/USD 15m trendline breakout

15m chart Now start to add the minor supports, any price which acts as a turning point and is repeated more than once. Use a rectangle if its an area rather than specific price. Add in anymore trendlines that stick out. Also added a fib to the most ...

EUR/USD 15m trendline breakout

4h Chart Starting to drill down into the intraday, draw any trendlines and mark out any areas of interest. I saw a recent swing high/low so added a fib retracement

EUR/USD 15m trendline breakout

Daily Chart I just added some more areas of interest, ie daily supply/demand zones in blue. Also noting the overall picture- a double top potentially forming within a wedge with MACD divergence

EUR/USD 15m trendline breakout

I just started updating the methodology on the opening page, I can't work out how to embed images sequentially so i'll just make new posts and link to them on the front page. I started with the monthly, now go down to the weekly. Same idea as the ...

EUR/USD 15m trendline breakout

Last trade for sure. short cable, stop at BE already EDIT- currently running 22 pips in profit. Ordinarily I would have closed by now but as we are coming off the top of a long term channel I'll try letting it run CLOSED +25 pips 3xR

EUR/USD 15m trendline breakout

Shorted cable at the pivot. also 0.382 retrace. I am hoping this is the beginning of a longer bear correction. EDIT- down 10 pips. That was a dumb trade, I think just a desire to participate having not achieved anything this week. Going to walk away ...

EUR/USD 15m trendline breakout

Breakeven on this.. will try again at S3 1.2088. Maybe I have a death wish

EURUSD only

I'll try- however i'm very discretionary, I adjust TP and SL very quickly depending on what the market is doing. Like if the market makes a sudden burst of 10-20 pips I'll often just lock in the profit regardless of my planned TP. Also I exit trades ...

EUR/USD 15m trendline breakout

Just bought EU at 1.21 at S2 as it's also a round number. Can't just drop 60 pips without a retrace... or can we... Got my stop to BE EDIT- out BE. It is really not happening for me this week.

EURUSD only

Out breakeven last trade. The forex gods are against me. I bought EURUSD at S2 as it's also a round number 1.21. We can't just drop 60 pips without a retrace Out BE. FFS!!

EUR/USD 15m trendline breakout

This is frustrating. I was very close to taking a short on euro here at the top of a channel. I was in a cable trade though which made me nothing. I am now long on the pivot on cable... please just 10 or 20 pips all i ask. That trend line retest was ...

EUR/USD 15m trendline breakout