Sheeesh. I exited with +0.5 pips a few minutes before Bernanke started speaking, and seconds later it tanks and hits my target. Frustration is setting in so I will end the day with +3.4

EUR/USD 5min - Trendlines and Pivots

Here is the set up, the market is pretty choppy and I'm wishing I had called it a day after the first positive trade. image

EUR/USD 5min - Trendlines and Pivots

Currently short on a triangle break. Right or wrong this will be the last trade of the day.

EUR/USD 5min - Trendlines and Pivots

Went long at R2 + the bottom of a channel and got stopped out immediately for -10.

EUR/USD 5min - Trendlines and Pivots

Out breakeven image Should have taken profit at that upper trend line, nearly did.

EUR/USD 5min - Trendlines and Pivots

Stop now at breakeven. Still looking for 1.4066..! Will close at 64 if we get there.

EUR/USD 5min - Trendlines and Pivots

Still in this by the skin of my teeth. Stop placement was just below R2 in case anyone was wondering.

EUR/USD 5min - Trendlines and Pivots

Stop at 1.4036, this one's not looking great.

EUR/USD 5min - Trendlines and Pivots

Now long with a fairly tight stop. Looking for 1.4067 ish.

EUR/USD 5min - Trendlines and Pivots

A break above this channel would be good. Zoom out and it looks like a bull flag.

EUR/USD 5min - Trendlines and Pivots

Would have been a great trade actually, but I didn't take it. I needed the trendline and pivot to be a pip or two closer together. image

EUR/USD 5min - Trendlines and Pivots

I have R2 and MR2 intersecting a declining channel, they might be good for a short or long respectively if they hit at the right time.

EUR/USD 5min - Trendlines and Pivots

Note divergence on MACD also: image Would like to finish for the day now but I will keep the charts open while I get on with something else and will trade any good set ups as they appear.

EUR/USD 5min - Trendlines and Pivots

+12.9 chart to follow.

EUR/USD 5min - Trendlines and Pivots

Theres the drop, stop now at breakeven.

EUR/USD 5min - Trendlines and Pivots

Now short and can hopefully make it to R2.

EUR/USD 5min - Trendlines and Pivots

Looking for a short below the 5 minute trend line if it happens.

EUR/USD 5min - Trendlines and Pivots

OK lets look at the mechanics of this trade. This is primarily for my own reference. It may seem like a lot of undue detail but it's detail that makes or breaks trades. (It should say 'retrace' rather than 'retrade'). Incidentally if I had been ...

EUR/USD 5min - Trendlines and Pivots

Took profit slightly early for +15. VERY happy with that and done for the day. Chart to follow. Daily total : +15

EUR/USD 5min - Trendlines and Pivots

Stop to breakeven, looking for just above open, 1.3927ish

EUR/USD 5min - Trendlines and Pivots