Either a bounce or a break out here.. image I am long at 45 with a 12 pip stop. 09:10am - Stopped out -13 (I widened the stop). Wouldn't say no to this either image Currently short on this break too. This would be highly irregular if they both ...

EUR/USD 5min - Trendlines and Pivots

Currently long on the break of a trend line on the Aussie and strengthening MACD, including bullish divergence. Entry 81 with 10 pip stop. Still deciding on target, will look to move to break even at S1. Stop now at 73, just, inside the trend line. ...

EUR/USD 5min - Trendlines and Pivots

In a short scalp from 56 with a 10 pip stop. Targetting the 32 area. It is a fairly weak set up but with the trend so not high risk. Stop now at break even. TP is 1.3632 Reversed 4 pips short of my target. Out break even. image

EUR/USD 5min - Trendlines and Pivots

Here's how it should have looked. I will turn off the charts now, a zero day is better than a losing day. Two bumper missed trades is tough to take but tomorrow is another day. I have set up a second monitor so I can watch both charts at once now. ...

EUR/USD 5min - Trendlines and Pivots

Oh well.. image 14:00 - not much happening still, a small rising channel on Euro plus divergence, may be a short opportunity. 14:36 - channel breached, will consider a short if it closes below, will reconsider if it touches S1 first. 14:40 - ...

EUR/USD 5min - Trendlines and Pivots

Here's how it's looking on A/U, Euro is dead at the moment. image There is some divergence so a drop below the channel would be a reasonable signal. - Finally broken so if it closes below the trend line I will wait for a retrace and go short. - It ...

EUR/USD 5min - Trendlines and Pivots

Both reasonable opportunities on the Aussie. Neither of them taken though. The first one was gold, but I was sleeping... image

EUR/USD 5min - Trendlines and Pivots

An OK falling wedge on AUD/USD with divergence, however the daily pivot is in the way making the R:R poor. Also a pennant on E/U but not well defined enough.

EUR/USD 5min - Trendlines and Pivots

A couple of changes I am making to the journal - I am going to keep all the trade 'commentary' to a single post with a chart and just edit as I go so it's more readable when I go back over it. - I am seriously considering trading the AUD/USD. The ...

EUR/USD 5min - Trendlines and Pivots

Hi Kush, no I caught jack all today, there is no way I could see that drop coming. In fact I had exited a long break even 5 minutes before it sank! Don't feel bad about missing the move, you've got to stick to your rules, otherwise you lose your ...

EUR/USD 5min - Trendlines and Pivots

Will only enter if retraces to 86ish. Didn't close below the line so no entry yet. OK, why am I even thinking of entering a trade at this time? EU dies a death after 16:30.

EUR/USD 5min - Trendlines and Pivots

I meant bear flag obviously. image

EUR/USD 5min - Trendlines and Pivots

A nice bull flag forming and it will be tempting to short if it breaks.

EUR/USD 5min - Trendlines and Pivots

OK, I don't really like the look of this. I will step away and look for a new set up. Edit: Will finish the day with -12. Not too bothered about that, even though it wasn't a valid signal according to my rules I probably would have been caught out ...

EUR/USD 5min - Trendlines and Pivots

Stopped and re-entered at 94. And set to break even again - being ultra cautious. Stopped out again, bugger. Will see if I can get an even better entry.

EUR/USD 5min - Trendlines and Pivots

I'm long on the break looking for daily pivot. Stop at breakeven after going 10 pips in the green. Entry was not perfect at 1.3795.

EUR/USD 5min - Trendlines and Pivots

Looking for a break above the upper trend line now.

EUR/USD 5min - Trendlines and Pivots

Long wicks, jittery movement, ambiguous trend lines, definitely a sign to stay out for now. Stopped out by a whisker on the last trade. Will check back in an hour or two. That last triangle was the signal to take but the move has happened now. ...

EUR/USD 5min - Trendlines and Pivots

Short from 68 and looking for S1, stop now at BE. Out break even.

EUR/USD 5min - Trendlines and Pivots

There's break down which points to further down movement, but with the 200 EMA and several pivots in the way, plus the trend line is quite weak, i'm sticking to 'if in doubt, stay out'.

EUR/USD 5min - Trendlines and Pivots