Another entry, lets see if we can make it to S1 at least. image Great trading. Wish I had the nerve to do that! Stop now at break even on the above trade, I'm going to let it run for a while and see if I get lucky. I have 1.3073 ish as support.

Psych Levels, Pivots, and Trendlines - Resurrected

I had the same one, nice work image My Aussie set up last night failed though.

Psych Levels, Pivots, and Trendlines - Resurrected

I agree with your analysis VennD, here's what I posted on another thread, I'm in from 0.9967 when the channel broke. Unfortunately this is not a good time of day or year to be trading so this is just for fun. image

AUD/USD

Here's a possible play I'm looking at. The problem is the channel is less than perfect, it has broken down a couple of times only to bounce up hard. That said it is still tempting if there is a clean break down. If it is a wimpy break then I would ...

Psych Levels, Pivots, and Trendlines - Resurrected

That's a fabulous one! Price action is pretty eratic though and will probably continue to be for the year. With the benefit of hindsight, that pennant I posted was really just lunchtime sideways movement and NOT a good example of a breakout I would ...

Psych Levels, Pivots, and Trendlines - Resurrected

Here's a real time one I'm looking at, a bearish pennant, might be good for a handful of pips. image "If" it breaks down then daily pivot might be a good target.

Psych Levels, Pivots, and Trendlines - Resurrected

Last one for now.... look at what happens after the break. That channel was drawn before the break and it is respected to within a fraction of a pip! Magic! Show me an indicator based system that lets you go in with that tight a stop with reasoning ...

Psych Levels, Pivots, and Trendlines - Resurrected

A couple of easy ones on the Aussie.. Divergence and again price barely makes it a couple of pips above the trend line after the break. image Then look where price reverses, the daily open. Not long before we get another opportunity. Again tight ...

Psych Levels, Pivots, and Trendlines - Resurrected

Here's another... look where it breaks again, no wide stop needed, just go in as soon as the 5 minute candle closes after the break. There is no divergence here but the sign that the trend is going to end is the classic 'head and shoulders' pattern. ...

Psych Levels, Pivots, and Trendlines - Resurrected

With pleasure mate, First a comment on how I approach trend lines, I look for a trend line that is visible on the 15 minute chart and use the 5 minute for triggering. If there is a trend line that is visible on the 5 minute chart, but not obvious ...

Psych Levels, Pivots, and Trendlines - Resurrected

Keep the faith buddy, it's a rocky road but you'll get there if you put your mind to it and you want it badly enough. Having the discipline to relentlessly pursue your goals is what will make you successful. I can tell by your posts you know what ...

THV 4.0 Journal

Never follow trade calls. The louder someone screams 'long' or 'short', the more inclined you should be to put them on your ignore list.

EURUSD

+38 for the week, an extremely challenging week, but good to end the year with a nice profit. image image

EUR/USD 5min - Trendlines and Pivots

Nice one EV — I caught that one as well EV, I may as well post it too, I had an original target of R1 in mind but I took it out at the weekly pivot 1.3273. What I love about trend line breaks is that the trend line becomes resistance/support ...

Psych Levels, Pivots, and Trendlines - Resurrected

Closed early for +32

EUR/USD 5min - Trendlines and Pivots

image Will it break ? When it does I'm going in I entered a bit too early and took -8.5. It may still break but I will wait until it happens more cleanly. Short again at 1.3308. Stop now at break even. Target R1.

EUR/USD 5min - Trendlines and Pivots

Sitting on the TL now. Either it bounces up or breaks down.

EURUSD

I took this trend line break long on Ozzie but took it out break even when there was a reaction from R1/yesterdays high. image

EUR/USD 5min - Trendlines and Pivots

Well, I'm not proud of this, I made quite a few revenge trades yesterday after my poor run. Luckily I managed to claw it all back overnight with a 100 pip swing trade. I need to be more serious about this. If I want to have any chance of doing this ...

EUR/USD 5min - Trendlines and Pivots

Here's an idea i'm throwing out as a profit target, this fibo fan has been pretty well respected. Not a tool I use but I drew it a week or so ago and it bounced perfectly. Target is approx 1.34 image

EURUSD