Bring an Umbrella

interesting set up also, 4 and 5 where text book, 6 was discretionary and you either take a small loss, move your stop up, or leave the room for a while....

we reaches R1 ten minutes later...

Mixed week. Pickup some knowledge, and a few bucks. Feel like the triangle has given me somewhere to hang my hat. Need to stay out of trouble, keep from overtrading. Feel comfortable with my filters. Need to nail down my exits when things are not going as planned. Despite bar 4 having some decent entries, gonna fine tune using bar 5. I think it may improve my results. May also try to limit my start time to the London open.

This was my biggest loss for the week. Took some longs in GU off an hourly triangle, bar 4...here is the situation and read on the 30min...bar 4 didn't have the strength, bar 5 did push higher, then closed on its lows and broke to the downside...it was all over but the crying then...

was curious how many triangles some pairs had for the week...

USDJPY

60min/14
30min/20
15min/45

GBPUSD

60min/16
30min/20
15min/44

AUD/USD..

60min/16
30min/20
15min/50

EUR/USD

60min/15
30min/24
15min/50

so the totals for four pairs...

60min/61
30min/84
15min/189

averages per day, per pair...


60min/3
30min/4
15min/9

15min fail/reverse/above pivot....just watching...

same here, but below pivot...will wait for London...

whats the read on this bar 5? If it was weaker, I'd say its a failure to get back in the triangle...

its also near S1, and some support from an hourly triangle...

if it closed a tad weaker, I could argue for taking a short...

generally pass on trades you have to think about to long I'd say...

On the flipside, had we been above the pivot, trending mostly up, you could maybe argue for a cheap long on bar 5...

squirrely....

another triangle, and a decent bar 4...

hourly....

could have take 4 as a failure....maybe..gonna wait for 5 i think

took the short on 5....

got lucky...again...

4/5 on the 30...