Channel broke on E.U so I snuck in a long, stop now at break even. Actually I messed up the entry a bit, I got in at 1.3304 while I was trying to decide if the channel had actually broken or not, no harm done on this occasion, although I will ...

EUR/USD 5min - Trendlines and Pivots

Last trade will be a E/U long if it breaks out of the channel. Cable breaking out of a triangle but I don't trade that... OK nothing more for me today. Zero day.

EUR/USD 5min - Trendlines and Pivots

I see a confirmed bear wedge on USDX so good news for E/U bulls...

EURUSD

Currently I see a confirmed bear wedge on USDx and I'm waiting for a break up on dollar pairs. Currently I have a nice triangle on A/U, the upper TL has been touched four times. Now long on A/U with 12 pip stop targeting MR1 Stop now at break even. ...

EUR/USD 5min - Trendlines and Pivots

Here's how the A/U looks this morning. The trade didn't meet my criteria. 1) Trend line wasn't strong enough under my rules. 2) Support zone and pivot too close. image Another trade on balance I decided not to take. Good set up but too close to ...

EUR/USD 5min - Trendlines and Pivots

Another week - hoping I can do a repeat of last week, hit my target in a couple of days. Patience is the key. There are no obvious set ups at the moment so I will get on with something else and keep half an eye on the charts.

EUR/USD 5min - Trendlines and Pivots

My degree is in Economics and without a doubt it will help train your mind for FX trading. It was my International Finance classes which got me interested in the first place. Even did my thesis on how oil prices affect the UK stock market.

EURUSD

Here's how it looked, really nice to observe. The entries are fairly easy with this method, the exits not so. The pivot is a clear target and there is no way I would have held past that. Would I have grabbed the 7 or 8 pips at the open level in ...

EUR/USD 5min - Trendlines and Pivots

Opportunity to short A/U now 0.9665 but i'm not trading today

EUR/USD 5min - Trendlines and Pivots

Decided to call it a week with around 44 pips, I will only trade tomorrow if there is some rock solid set up. This week has been great. No BS trades, only solid set ups and patience. Pleased with my discipline. image

EUR/USD 5min - Trendlines and Pivots

A quick look at the four hourly to see what's going on, I suppose we're waiting for any more news from Europe to take us down to retest the 1.2970s again. Red horizontal lines are local areas of S&R. image As an aside, I thought Martin Wolf's take ...

EUR/USD 5min - Trendlines and Pivots

I hope everyone caught the trend line break. Easy pips.

EURUSD

A better trader would ride this further but I am content with my pips today.. image I am now at 45 pips for the week so I am tempted just to call it a week, especially as I have taken no losses and NFP on Friday. I will probably be back tomorrow ...

EUR/USD 5min - Trendlines and Pivots

Might have time for one more. There was a triangle break on the A/U but I wasn't totally happy about it. Now a E/U trend line has broken so I will wait for the candle to close and re-test. Now short with a 12 pip stop from 1.3087 Stop now at b/e Out ...

EUR/USD 5min - Trendlines and Pivots

Too close to the news now so out +6. Better safe than sorry. Out until tomorrow... unless there is an obvious set up later in the US session.

EUR/USD 5min - Trendlines and Pivots

Watching this at the moment image I suspect the up move is just a re-test of this trend line, still waiting for a drop. image Short on the break of the 5 min trend line 12 pip stop. Tightened the stop to 7.5 pips. Getting close to ADP now so ...

EUR/USD 5min - Trendlines and Pivots

Here's how the Euro looked this morning, beautiful day for trend line breaks, a basic knowledge of chart patterns helps too. Here we have a triangle and a bearish wedge. You could easily take these trades with a ten pip stop and earn many times ...

Trendline Break (The Only System You Need)

How's the trading going this week Kush? I think it's a good idea to put your stop to break even after a defined amount of pips. I personally move it after about 8 pips. I notice in another thread someone was using the THV Cavemanager EA which moves ...

THV 4.0 Journal

Oh yeah - Happy St Andrews Day to any fellow Scots reading. I will be celebrating with some good whisky later.

EUR/USD 5min - Trendlines and Pivots

Short E/U now, triangle break, 12 pip stop, first target S1. Stop now at break even. Closed early for +19.2 ... Obviously should have held it but what are you going to do image And it just keeps dropping. If I had the nerve I could have smashed my ...

EUR/USD 5min - Trendlines and Pivots