- Search Energy EXCH
-
mysterio replied Oct 26, 2010Stop at breakeven, this will be my last trade today... hoping for a strong end to the day!
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Bit of a triangle/pennant forming, would like a break down.
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Target is 97 but may be stopped out.
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Whoops. image In light of this I am going to add a new rule to my trading plan. For Type 2 signals, that is confluences of pivots & trendlines, I will not try and pick reversal points against the direction of the daily trend. I knew the long there ...
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Safe to say I was caught on the wrong side of that one, -12
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
In a very brave long at 1.3900 with a 12 pip stop.
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
There have been a couple of opportunities but too risky for me, now looking for a long at 1.3900
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Nothing much doing at the moment, will check back around 1pm. Notice the break up around 9:30... too close to the weekly pivot to take that trade, which turned out to be false. image
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Small triangle forming which may be good for a few pips but the break down will be too close to MS1 for me
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Easy pips when everything lines up like this. Notice also the hourly wedge posted yesterday played out/is playing out. It is a shame we only had 12 pips between entry and the open. Price usually reacts strongly to the open so it is the safe exit. ...
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
And out for +12.6 Chart to follow
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 26, 2010
Rising wedge on the 5 min, waiting for a break down.
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 25, 2010
I don't usually trade the higher TFs but there is a nice rising wedge forming on 1H, a close below the trend line would be a good bearish signal. image
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 25, 2010
Despite the news, this was a tradeable set up. image
EUR/USD 5min - Trendlines and Pivots
- mysterio replied Oct 25, 2010
I have another triangle forming so there might be room for another trade today. Edit: Actually , strike that - existing home sales in 10 minutes.
EUR/USD 5min - Trendlines and Pivots