EUR/USD 15m trendline breakout

Well aud bounced after being nicely in profit overnight, this is why I scalp and not swing trade. I got stopped out BE. This is the thing- I felt like moving my stop loss as you end up getting attached to trades that go a decent amount in profit. But my analysis could easily be wrong, just because I spent the time doing it doesnt mean I deserve to profit

Tried this on Eur, bottom of a wedge with divergence, on a fib level. Long 10 pip SL, stop to BE asap

EDIT- -10 unfortunately. Going to stick to my original plan and take the day off.

Just a note on GU today. A channel became obvious before 8 am so I projected it up. 1.3900 round number was a great confluence to short with the top of the channel. It's formed a kind of M with divergence which implies this is a bear flag and may breakout below the channel

Might be addicted to FX

I ended up shorting GU on this M with divergence. locked into BE. It has broken a 4h trendline.

I wish I'd just held this from yesterday I had a great short entry....

Still in this trade. I saw this wedge forming and nearly took profits and went long, then short again which I think would have been the best call. But as I say not really feeling on point this week. Been in lockdown for pretty much a year...

Update on GU short, 40 pips in profit currently, tempted to cash in

EDIT- just closed to 40 pips. may re short at indicated area

Short again cable

Long cable 1.3840 just incase this is the bottom

Took +20 again, haven't counted but I must have surpassed 100 pips today. Long again, just scalping inside the wedge until we break up

Update- looks good, holding from 13830

Just closed for 30... its looking a bit weak and possibly wanting to retrace

Dont normally trade commodities but i'm long gold, this seemed very oversold yesterday, long from 1774

Cashed in gold 120 pips

Shorted GBPUSD

EDIT- stopped -12

expecting retrace before long again

Last try- short cable up at 1.3970

1.40 will be like a magnet now so i'll put my stop behind it... could be the greatest short of all time (?!?)

1.3960-80 is also resistance going back a few years

Chart is overdue a clean up, I throw fibs and levels up all the time on the 5m TF

And why you dont wait till two or one red macd bar(s) as they always come with more than that it seems.

I'm not sure what you mean can you explain

You open with a positive macd bar a short, in stead of waiting for at least one red bar.

Gotcha. I only use MACD for divergence. I'm a scalper looking to enter around extremes of price so I want to get in before the move happens. If I wait for MACD to catch up then I miss the move. And if I pick my entry wrong I close quickly, I don't pray or hope for luck. MACD divergence in this instance is indicating price is overbought and at extreme levels. The hidden divergence yesterday helped me into the long in combination with price action and the channel. It's just adding extra weight and an extra confirmation to the trades. I don't really need it tbh. MACD divergence on 15m timeframe is quite a nice tool though

For example we've dropped from 1.3985 20 pips but there's still two green bars. Normally i'd be in and out before MACD even registers

This trade currently 10 pips in profit, just going to watch what happens

Attached a pic of what I mean. Upper TL, R3, and purple zone is daily TF resistance. MACD divergence on 15m TF means the up movement is overdone, but the red bar doesn't appear until after the drop at which time it may go back up. I like to just get in and out with a tight SL. Although we are getting close to an important psyche level 1.40 so the market is a bit wild.

Ok thanks.

Note it was weekly R2 on cable that provided the final resistance, reversed on it to the pip.. these weekly pivots are powerful levels

I consider this a nice sell on eur but i'm fully margined on cable

Took profit on cable, 30 pips. Good profitable day when I include the overnight Gold trade. The cable short this morning was dumb, it is what it is.

ARGH- took profit too soon, I thought I was taking profit at 0.382 but it was a previous fib.

I bought gold at 1770, looking good so far, same justification as the last buy and double bottom forming