EUR/USD 15m trendline breakout

Out +35, will wait for a pullback and reenter long

Another quick +30. Waiting for retrace now for more long. Really milking it today

Started with +30 on cable. Unfortunately chrome crashed on me and tradingview decided to delete all my studies so i'm starting from scratch. This was just a H&S break and retest on 5m

No charts for these, tradingview giving me issues. I caught the NFP spike down for 50 pips, then another 40 or so pip down after the retrace- you can see a sort of elongated wedge on thet left of the chart, just shorted the breakout of that in anticipation of the down move. NFP was maybe a bit of luck, I was positioned short in advance and just waited a minute for the spike to finish

Now short on a double top..sorry messy chart, all my studies were deleted so just working on the fly. Old school trendlines and fibs

Took 20 pips. quick in and out

Overall felt a bit lost today because the chart wasn't how I like it. My original plan was to short early on and just let it run all day but for whatever reason I didn't execute that. Overall though my best week ever I think?! Overall I'm enjoying the focus on GBPUSD, it is a much more profitable pair. I used to feel good about 20 pips on EUR but knocking out 100 pips a day on cable fairly easily. I'm pretty shocked at how quickly i'm building my account as i'm using 10-20 pips SLs and risking around 2-3% per trade.. good problem to have! The hard work is finally paying off, i've been grinding at this 14 hours a day roughly every day since November

Again i'm catching my discipline waver as i'm jumping in a lot, feeling a bit overconfident. With that said I stick religiously with putting my stops to breakeven and on the whole usually not re-entering if I get taken out. I probably had like 10 other breakeven trades from all the chop today. Better would have been just to take 100 or so pips from the AM trade as the direction seemed very clear today. Also learning a bit more about elliot wave which I used to dismiss as pseudoscience but it makes a lot of sense- helps the RR as you can anticipate where the market is going based on its phase in the cycle.

Now seeing a falling wedge on 5m chart forming on 1h demand and rising wedge on dxy..

Snuck in a long at 1.37981 at the bottom of the wedge, stop to BE already. Treasuries reacted at psych level 1.6

edit- Out +28

Will re-enter if it retests

Took the early reentry when i saw dxy falling

out at BE

Edit again- I ended up re-entering and taking 10 pips when I saw dxy was retesting a wedge

Took a buy here. Will exit quickly if it falls back into the channel. W/double bottom/channel breakout

OUCH -15. Oh well- i should have dropped that one a lot quicker.

Decided to buy again from 1.3818, stop to BE asap. 0.618 of the W

Out at BE

I guess it's Monday but my head does not feel very 'in it'

Long again 1.3817, same deal stop to BE asap. DXY hit R1

Took it out with half a pip profit after we broke R1 on dxy

Long again same spot....R1 starting to resist on dxy. Stop is to BE

out BE..

Long again at 1.3817, W pattern/wedge accumulation

out BE

Targeting a buy down here

Missed the sell at the top, I think i'm still in weekend mode

Really dull today. Still running at a loss- not happy!

We're in a very narrow range- I think the dollar will pull back during NY though

Took a long, will get my stop to BE asap. Triangle consolidation anticipating breakout. Divergence on dxy and possible TL break

Edit- took it out -6. Weak setup-- impatience

Today only good setups both on GU and GA were before London Open. Guess if I missed them both Never tried anything since.

I pondered at GU buy just as it bounced at 3800 but did not pull the trigger as it was stupidly strong 5M Frankfurt candle. Fake, as many times before.

This is 30M GU chart as I use for trading (attempts), its again consolidation within consolidation day. But 3810 area is shaping up to be a good ground for a boost up. Yes, USD is stupidly strong but on relative basis GBP is twice as strong (at least according to my daily and weekly strength meters).


Cheers!

Thanks for the input! How are you doing anyway? Yes- not a great day. I'm seeing trades that aren't there trying to will them into existence. I have one more long going from here, 1.3817. Stop at BE

It feels like it will go up when dxy pulls back. I can't let today finish in a loss, I have a streak to maintain!

I'm also a bit sleep deprived, its not helping! I really should have grabbed a few pips already

This is a big fib level on dxy, 0.618 of the last major swing high and low on daily

Gonna hold for now, assuming its a flag. Waiting for the weekly pivot, I believe dxy is in a correction wave

Will trail the stop at 20 pips maybe

Just took 20 pips, it started to dive at NY open. Annoying- selling at the top of the channel was obvious, could have reverse sold there

I only got maybe 3 hours sleep last night so I'll blame that- maybe just one more trade today if I see something good

I am not doing so well too. Missed GU & GA buys before LO. Then some meetings at real work, which made me miss GA sell at NY open.

Trouble with the USDX is that when it breaks out from expanding wedge in following way, it can go stubbornly in one direction. Also now USD heavily supported by fundies, I suppose.

4H chart:


Now we are in NY equities open hour, meaning nice stop hunts.

I will watch charts but will give it a go tomorrow. GU is still in good 4H demand area and if accumulation continues then tomorrow should be a rocket day perhaps.

Take care,
I

I have us kind of inbetween supply and demand zones, bit of a no mans land. I do believe the overall direction is down so I'm heavily favouring sells, based on the fundamental picture with US treasuries

Also sold GU 1.3841 when I saw DXY was at the bottom edge of a flag, stop to BE

Out +15

I think I have to leave it today as well, I'm absolutely exhausted

Sold GU 1.3829. DXY on support w bullish divergence in a flag structure

Lets see how things play out. Some say US yields are stabilising but we need to see how the Treasury 10Y auctions go this Wed.

From daytrading perspective - if the aim is to catch appx 30-40 pips and sometimes piggyback on the 70+ pips rides, then I think the weekly cycle might be even more relevant than looking at very large TFs. But both matter, so I really appreciate you always bringing to the table larger market sentiment.

Wild chart but I'm seeing this as a bear flag. Just need to take out the demand (green area) below. Yea.. i like channels

Possible wedge/ending diagonal with bearish divergence on dxy

TP or not TP, that is the question

Just 10 pips - had the chance to grab 30 but looking like a buy now