Trendline breakouts

I just pulled nzdjpy quote up. Not too bad the spread, what is it on your platform?

About 7 pips. Not horrendous.

Nzdjpy just dropped like a stone before coming right back up. Strange, I'm out now anyway.

Cable, watching this trendline...

Cable breakout of the trendline.

A quick move up, is this a retrace to reenter long?

Looks like that is it for the day.

Short term trade on 5 min eur futures chart, long...

eur futures follows through... can hold n to runner.

This is why with short term timeframes, the focus needs to be just that, short term.

eur futures update.

Watching this possible trendline for the reversal...

Breaks through and pulls back.... News helps.

Gbpusd 15 min

Eur futures tests highs of the day on the 15 min chart.

This one turned out to be an ok tl break...

Would like to put some thoughts for new traders to consider in money management.

Starting capital $50000
divide by 50=$1000 per day maximum loss limit
limit losses to a maximum of $400 per standard lot traded

With that formula in place you can then at least last 50 days. When one trades and starts out, one needs the ability to be in the game long enough to learn and hopefully fine tune your system to be profitable in the long run.

Remember, to get from $1 to $1m is not 1 step, but you must count $1 $2 $3 $4 and so on to hopefully eventually get to $1m.

After retracements, the trend in eurusd on 60 min is continuing to new highs.

It has been an interesting few weeks since this thread has started. I enjoy the experience of having my own thread.

Although I think it has not been that popular a thread, I hope that it has helped some to understand the concept of using trendlines as support/resistance, to delineate a 'line in the sand' between uptrends and downtrends.

With that, this will be my last post for a while at least.

Cheers to all

Cmon man, alot of us learn silently from you and i come to read your posts daily....well i dont know why you wanna stop posting for the time being but mehn u habe really helped my trading..thank you.wish we could always connect on yahoo messenger..is there ant possibility?

don't go