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EUR/USD 5min - Trendlines and Pivots

  • #81
  • Oct 27, 2010 8:19am Oct 27, 2010 8:19am
Nice little rising wedge forming, would like to see it break down but on the sidelines for now.
  • #82
  • Oct 27, 2010 8:26am Oct 27, 2010 8:26am
http://i288.photobucket.com/albums/l...g?t=1288185951
  • #83
  • Oct 27, 2010 8:44am Oct 27, 2010 8:44am
Well either I drew it wrong or it was a fakeout, close to getting stopped out on this one, hopefully yesterdays low will provide resistance.
  • #84
  • Oct 27, 2010 8:49am Oct 27, 2010 8:49am
Will give this 2 more minutes to drop before looking for breakeven.
  • #85
  • Oct 27, 2010 8:51am Oct 27, 2010 8:51am
Out break even, too close to news now.
  • #86
  • Oct 27, 2010 9:04am Oct 27, 2010 9:04am
Frustrating eh?

http://i288.photobucket.com/albums/l...g?t=1288188230
  • #87
  • Oct 27, 2010 12:05pm Oct 27, 2010 12:05pm
Daily Total : +7.4
  • #88
  • Oct 28, 2010 2:20am Oct 28, 2010 2:20am
There was this wedge but not quite strong enough for me to take, to small and too close to MR1

http://i288.photobucket.com/albums/l...g?t=1288250306
  • #89
  • Oct 28, 2010 3:31am Oct 28, 2010 3:31am
Went long from 07, stop now at breakeven, target 25.
  • #90
  • Oct 28, 2010 3:34am Oct 28, 2010 3:34am
http://i288.photobucket.com/albums/l...g?t=1288254879
  • #91
  • Oct 28, 2010 3:36am Oct 28, 2010 3:36am
Closed at 24 for +17, charts off for now.
  • #92
  • Oct 28, 2010 3:39am Oct 28, 2010 3:39am
Incidentally there was a good channel breakout short earlier (in addition to the wedge). However I was waiting for the retrace which never happened.
  • #93
  • Oct 28, 2010 4:30am Oct 28, 2010 4:30am
Short from 33 with a 10 pip stop, regretting it though.
  • #94
  • Oct 28, 2010 4:40am Oct 28, 2010 4:40am
Target is 26, just above MR1
  • #95
  • Oct 28, 2010 4:44am Oct 28, 2010 4:44am
I just took break even. Got my entry wrong and missed the move.
  • #96
  • Oct 28, 2010 5:11am Oct 28, 2010 5:11am
It's a bit 50/50 for me now, I suspect we're heading down for now though. Will check back later.

http://i288.photobucket.com/albums/l...g?t=1288260676
  • #97
  • Oct 28, 2010 5:25am Oct 28, 2010 5:25am
It WANTS to break out of this channel, if it does close outside of the trend line then R1 would be a good target, but I'm heading out for now.
  • #98
  • Oct 28, 2010 5:42am Oct 28, 2010 5:42am
A no brainer trade really. However, 17 pips is quite enough for me and represents a 3.4% gain today on my MM rules. If I lose that then I'm potentially in front of the screen all day, and could even end the day with a loss. It is still good to observe these trades though as they help develop confidence in my method.

http://i288.photobucket.com/albums/l...g?t=1288262476
  • #99
  • Oct 28, 2010 7:33am Oct 28, 2010 7:33am
I haven't taken any further live trades, but I do have a demo account for satisfying that itch, I took a -10 and a +20. All good experience.

http://i288.photobucket.com/albums/l...g?t=1288269184
  • #100
  • Oct 28, 2010 8:52am Oct 28, 2010 8:52am
Could be good if/when it breaks.

http://i288.photobucket.com/albums/l...g?t=1288273902
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