This is also exactly the kind of set up I would normally take too, bull flag break and retrace. R2 would have been a good target for this, or just shy of R2 there is a upper channel on the 15min (not shown). In fact, that channel pretty much ...

EUR/USD 5min - Trendlines and Pivots

Looking at this on the bigger picture now. image

EUR/USD 5min - Trendlines and Pivots

Out break even, oh well. The set up is now bullish as we have broken that upper trendline. A close above there on the hourly could be a nice long however with the elections on the horizon I would be careful. I was out but these two set ups were ...

EUR/USD 5min - Trendlines and Pivots

Looking bullish on the 5 minute chart now with a falling wedge break, looks like this one will be stopped out BE and if so it is a zero day.

EUR/USD 5min - Trendlines and Pivots

Over 30 pips in the clear and still holding

EUR/USD 5min - Trendlines and Pivots

Stop now at break even, looking for a retrace to at least 1.3896 on this bad boy - if i'm wrong, no problem, it's a free trade now.

EUR/USD 5min - Trendlines and Pivots

I went short at 93 with a 15 pip stop, I will treat this as a swing trade, right or wrong the R:R will be excellent none the less.

EUR/USD 5min - Trendlines and Pivots

Possible shorting area image

EUR/USD 5min - Trendlines and Pivots

Just waiting for something to happen. image

EUR/USD 5min - Trendlines and Pivots

.. And i'm glad I didn't take it as it decided to test the support area around 1.3948. Now obviously tomorrow is the US elections but I will still see what's happening tomorrow in the markets and trade what I see, hopefully able to finish nice and ...

EUR/USD 5min - Trendlines and Pivots

Yeah good luck, let us know what you come up with. Currently have the break of a bearish pennant on 5 mins like I said though no more trades for me today.

EUR/USD 5min - Trendlines and Pivots

That is a bummer, I wouldn't be without my car - I recommend going Japanese, I've had a Toyota for about 6 years (second hand) and it has never once given me problems. Of course if you can afford a nice BMW, then that's the way to go Maybe ...

EUR/USD 5min - Trendlines and Pivots

Definitely no more trades today, +17 is fine. Could have done without that -12 first thing but it's easy to find reasons why you shouldn't have entered a trade after it has been stopped out. image

EUR/USD 5min - Trendlines and Pivots

Here it is, full credit to the original coder, I got this from the THV system thread. One is the Daily pivots, the other is the monthly & weekly pivots. Keep a close eye on where there is a confluence. Also the open, yesterday high and low count as ...

EUR/USD 5min - Trendlines and Pivots

TP now at 1.3950, going out and will check on it later.

EUR/USD 5min - Trendlines and Pivots

Of course it starts reversing two pips from my exit, always the way when you get greedy.

EUR/USD 5min - Trendlines and Pivots

Hi, my advice would be to ditch the indicators, they lag price and aren't terribly useful, however keep one of your indicators to look out for divergence as I am convinced this is a powerful tool. Read up on divergence and only use that concept in ...

EUR/USD 5min - Trendlines and Pivots

1.3959 would be a smart exit (200 EMA) but I am continuing to hold short. Why? My bias is short as shown by the 4 h chart, and 1.3948 is the next support area.

EUR/USD 5min - Trendlines and Pivots

Stop now at break even and as I said, I'm going to take a risk and try and ride this down to 48.

EUR/USD 5min - Trendlines and Pivots

This is slooow. It would be nice to ride this down to 48ish. Could be wishful thinking!

EUR/USD 5min - Trendlines and Pivots