Short on an Aussie wedge break, 12 pip stop... target Open at least. Had to take it out break even. image

EUR/USD 5min - Trendlines and Pivots

Here's how it panned out, as expected. There was no way I could trade today anyway, we were hit by unexpected snowfall on Sunday and I couldn't get back home -- so I had today down as a day off. It is good to note that the break of a trend line that ...

EUR/USD 5min - Trendlines and Pivots

Nice trend line break on A/U in the last 5 minutes but too close to the opening price for me to consider trading. image There's the drop, typically I would aim for a risk of 10 pips and a take profit of 50ish pips (Daily S1). Stop would be moved ...

EUR/USD 5min - Trendlines and Pivots

Testing that TL I drew now, and also a little triangle forming, If it broke below I would be out of any longs quicker than you can say Kermit the frog.

EURUSD

I would probably be out break even by now, not looking great is it.

EURUSD

Not trading any more, just observing, this is a possibility now I reckon. Had I been trading this I would have got out at break even, got in on the second re-test. image

EURUSD

No more trading but I like to take a look to see how things are developing, this is the kind of set up I like. There was a chance to get out at break even and in at a better price. Will it continue up? Keep a tight stop, lock in pips and the odds ...

EUR/USD 5min - Trendlines and Pivots

Hey, stop bad mouthing triangles, I love them ! Agree about break out trades. I probably lose more than 50% of my break outs but if you catch a good one in the London session it can continue in the same direction for the rest of the day. Keep up the ...

Tug-of-War Journal

55 pips for the week, very happy with that. Onwards and upwards to £5 pp next week. Getting close to a full lot in dollar terms so that will be a good milestone. image image

EUR/USD 5min - Trendlines and Pivots

OK momentum is strong, but I went ahead and closed both pairs for 42 pips. Looks like I might have pulled a rabbit out the hat and met my target for the week!

EUR/USD 5min - Trendlines and Pivots

Long on both pairs this morning, charts to follow. image image Exits are decided on the fly and based on momentum, I had higher targets in mind for these trades but I decided it's Friday, I want to close early, good profit on the table - close ...

EUR/USD 5min - Trendlines and Pivots

Getting to the end of the trading week and I'm suffering from impatience. I wish I could approach the charts with a cool detachment, but today in particular I have felt like a gambler, rash impulsive decision making rather than cool and collected. ...

EUR/USD 5min - Trendlines and Pivots

Couldn't resist a long, E/U broken above the triangle and pivot, USDX broken below a trend line. Stopped -12... I had another long which I closed out for -1. Realised I was breaking my own rules by trading right next to the pivot. Of course, it ...

EUR/USD 5min - Trendlines and Pivots

OK, charts are off. I have just been staring at the screen waiting for a set up that isn't going to materialise. The last couple of trades were pure impatience. Shame I couldn't bag pips on the first couple of trades.

EUR/USD 5min - Trendlines and Pivots

Short again A/U, 9804, 12 pip stop, target S1 (9769ish). image Out break even. Short again on the re-test of trend line and 200 ema. Same stops and targets. -10 Short again at 9802 with a 10 pip stop. E/U started breaking up so i took it out B/E.

EUR/USD 5min - Trendlines and Pivots

I'm short AU, 9809 with a 12 pip stop. Break of a minor trend line and H&S. Out -1. Had the chance to take +10 but I thought it would go two pips further.

EUR/USD 5min - Trendlines and Pivots

Possible triangle in development in E/U, I won't be rushing into anything today though. I will wait and see if it strengthens.

EUR/USD 5min - Trendlines and Pivots

Closed the last trade for 45 pips at MS2, I think this will easily drop further but I literally can't sleep when I have trades running. I'm happy to end the day with a small profit of 8 pips. Was it dumb luck that I managed to turn it around today? ...

EUR/USD 5min - Trendlines and Pivots

OK, stopped out break even of the A.U trade, Holding for S2 on the E.U. I can't really understand the volatility, I hate this time of day. I could take pips off the table now and end the day more or less at break even, but I think there is a fair ...

EUR/USD 5min - Trendlines and Pivots

Took a bit of a risky long from 83.9, stop now at break even. Reasoning, USDX broken a trend line and retested. E/U is breaking up and retraced to open price. Out b.e. In long on E/U again on the break of an upper trend line. Last trade of the ...

EUR/USD 5min - Trendlines and Pivots