Ready, SET, Go!

So Here is the deal, StopLoss is kinda hard to explain, as it is usually the 2nd Leg of the actual trend, when I am following it, but then it can be pretty far down the road, so I try to stick to something closer, however when I am counter trend trading like now, I try to have minimal entries, but more. Like here, I have a pending for the 5th:



Eventually the further I am away from the trend line is the better chances I have for profit, so I always try to enter when we make a newer high. Small lots, really small ones. As its counter trading. Once it gets below our current uptrend, I can be more "agressive" as if things look good I will be aiming for a new high, which I already know where it is, and can bring me better profifts and there I can have a better, more visible stop.

Also, if you want to be safe, you can mark these new highs as good entries points and leave out the trade, and just examine how good it could have been if you have entered on these new highs. However, here, we have not had any actual down trend formed, with lower lows sooo, we are about to get one I assume, which might take us to touch the trend line

Yesterday I could have another entry, hopefully today I get my touch

Technically I Still have two days to close all trades in plus.

A fresh screen from my PC. So the TP level is when we enter the red triangle.

Good strategy tools! Respect!
I use similar it myself with very minimal lots. Of course there is some risk. Need to calculate that there are enough funds in the account in case the price goes up for a long time.

I decided to close my trades as I won't have time to monitor from here onwards:

348,7 Pips just on these 6 entries. Possibly could have been 450, but still fine. I will wait for some better entries in the red zone, but possibly only in the afternoon.

I wanted to make sure I close all trades in plus.

Chart cleared off, and see you in the afternoon.

First entry:

Target marked. Two entries in!

New Pending trade:

Not looking to bullish after fomc

3rd entry triggered:

Hey Tools, thanks for your thread.
What's the trigger for your entries, the blue arrows, once TL is broken?
Also how do you use the counter TLs, the blue lines for your trades?

omg i feel sorry for your trades this gap had to harm your account

shit happens, actually the interesting part of the gap is that it opened just below the orange marker you see in post 389.

it was a trend breaker. Anyways now its up again towards tue downtrendline.

I will post a cleared chart later.

So the cleaner chart:



As you see the GAP opened below the orange marker, making that uptrend finished. Now our target is the blue trendline.

Technically its my fault, as I have not realized this:

The orange trend lien shows the original counter trend.



It has been broken, yet the price made a new low, which is the clear indication of a trend reversal, so I should have actually expected this to happen. Well I guess this happens when I don't pay enough attention to my chart.

So right now we need to look at the bigger picture.

The new down trend line is really strong, It is likely it will get touched and forms a new low. So that is our first goal.

However let's check the daily what is the long term prognosis.

The daily shows, that we have not tested back the original down trend line for long time,

Also the price has made a new low since the last sub trend started, and have not tested back that trend line either.

I have also drawn now a suspected uptrend line, which we will see if it holds, if so that is likely to push the price higher.

Of course we stick to lower time frames, but so far for me, those targets are to be reached, on the long run.

Closing soon:






Some of the previous losses are back.

I am also lookign for co-relating pairs and for me it shows that this will likely make a new high, I hope I am right But to be sure, after the loss on Monday, this trade gets closed at trend line touch.

Also I wanted to highlight that the uptrend line is really flat, so I won't expect much hold there. So we are likely to fall back to that level, after we cross the blue down trend line.

Soon:

TP Hit:



Looking for the orange marker to break, fingers crossed.

I made an entry now:



I think we might be turning to smash that white flat uptrend.

New pending entry: