Nice one. I took that trade too but got stopped out by a pip or two. If you zoom out, E/J has now broken a TL on the hourly, so may be worth holding.

Psych Levels, Pivots, and Trendlines - Resurrected

That's what I'm looking at Vantage, presuming your talking about the shorter TF, not totally sure about it though image

Psych Levels, Pivots, and Trendlines - Resurrected

USD dollar basket is ranging sideways. Just because cable dropped on news doesn't mean it will take E/U with it.

EURUSD

A quick 20 pips here on Aussie, exit was S1/parity confluence image

Psych Levels, Pivots, and Trendlines - Resurrected

S1 & triangle projection make this a sensible exit although it may well go further, I didn't pull the trigger because of news. image

Psych Levels, Pivots, and Trendlines - Resurrected

Careful, ADP non farm out in 15 minutes.

Psych Levels, Pivots, and Trendlines - Resurrected

Hello mate 1) Yes it is subjective. Everyone will have their own rules for drawing a trend line, I like the "textbook" (John J. Murphy) definition. Firstly you use the whole trading range of the timeframe under analysis. In other words you include ...

Psych Levels, Pivots, and Trendlines - Resurrected

5min Cable — Bullish wedge breakout and a triangle in development in the cable, I'll be watching for the break of that. Notice how it teases it's way out of the bottom TL of the triangle to try and tempt you into a trade before rocketing up. ...

Psych Levels, Pivots, and Trendlines - Resurrected

I wish I held it as it dropped over 100 + pips. Personally, zhdeef, I only trade trend line breaks. I have read a lot about the psychology of trading and the importance of consistency, I find it much easier to implement a single method consistently. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Happy new year! I am starting the year slowly, mainly reading (Trading in the Zone) and working on my trading plan. I have managed to grab about 30 pips today and yesterday but I plan to start in earnest next Tuesday. I am inspired by Rufus' journal ...

EUR/USD 5min - Trendlines and Pivots

A tricky one on E/U but ultimately fruitful, I took it down to the support, it has now broken through. Notice the clues the market gives you. There's a Head and Shoulders pattern twinned with divergence. The US dollar basket had also broken above a ...

Psych Levels, Pivots, and Trendlines - Resurrected

This is a trade I'm involved in, short on the trend line break. I don't expect much from it as we have news out at 3pm but I moved my stop to B/E and we'll see if we can get further movement down to S1 or S2. Just need to break through the 200 EMA ...

Psych Levels, Pivots, and Trendlines - Resurrected

Indeed, lapse of discipline - I would be 30 or so pips in the green if I had waited a minute or two! No harm done, though.

Psych Levels, Pivots, and Trendlines - Resurrected

Happy Hogmanay (as we call it here in Edinburgh) folks! I couldn't resist taking this today, unfortunately I was a bit impatient with my entry and got stopped out break even after the first move down. Lets see where it ends up. image

Psych Levels, Pivots, and Trendlines - Resurrected

Hello folks, I just caught this on the Aussie/Dollar, safe exit is the pivot which it hit pretty quick, but with the strong momentum and the chance of some end of year profit taking I have set my stop to break even and will let it ride a bit ...

Psych Levels, Pivots, and Trendlines - Resurrected

Another trend line break with divergence, this pattern happens frequently. It is my favourite set up and I would go as far as saying it is over 85% effective. image

Psych Levels, Pivots, and Trendlines - Resurrected

Hello folks, I hope you all had a good one and are enjoying some time off. I spotted this today, pick your exit. image

Psych Levels, Pivots, and Trendlines - Resurrected

Good stuff, stick around and share your entries I am keen to learn. I agree it's an amazing strategy. I am a new trader and I can't believe I've been able to be this consistent. Can you share your approach to trend line breaks ?

EUR/USD 5min - Trendlines and Pivots

Rednose, I was stopped out (break even) too, I've not had much luck this week so time to relax and enjoy the Christmas period, I think i'll put my energies towards making mince pies instead. Happy Christmas to you all and enjoy time with your ...

Psych Levels, Pivots, and Trendlines - Resurrected

Just for fun here's my end of the year prediction, I don't think I've ever predicted anything on the longer time frames with any degree of accuracy though... ! image

Psych Levels, Pivots, and Trendlines - Resurrected