EUR/USD 5min - Trendlines and Pivots

Just looking for a decent flag to go on long, the last one was too close to R1. I would be surprised if we didnt reach R2 today.

Long now and will hold for R2.

Not looking good as I now have a short signal.

Edit: -13

It was a dumb long, I was getting impatient and 'expecting' upwards movement more than anything. This short move is the first valid signal I've had but I missed it due already being in a position. Will look for a break up after this pull back now. Expecting a pull back to 27 or 06 beyond that.

Currently long on the break of the bull flag, will move stop to BE at MR2 and hold for R2.

Will have to call it a day after this trade right or wrong

http://i288.photobucket.com/albums/l...g?t=1288867305

-17, damn, in negative territory for the week - not good!

Will have to wait for something like this now.

http://i288.photobucket.com/albums/l...f?t=1288868875

Long from 27, definitely last trade this time!

Stop now at BE.

Path clear for 1.43 now

Well, today sucked, I just have to get over it and learn from it though.

First trade I got sucked into the upwards movement and got impatient so I looked for the first excuse to get in, and got burned. I therefore missed the first valid short (shown) because I was in a trade expecting further movement up. Second trade was the interpretation of bull flag which was valid but failed. Third was a bull flag which would have yielded 50 + pips but I was chasing losses so I didn't take profit. Fourth was a wedge, I did actually put in an order here but took it out breakeven, of course it proceeds to drop like a stone 10 minutes later. Fifth is a channel break, yet to see how that pans out - I didn't put in an order here. Plenty of set ups to be had, just need patience.

No serious harm done but disappointed in my lack of discipline, however this whole exercise is a learning experience and I'm not risking any serious money yet. The goal at the moment is to become consistent on a live account. It's within grasp but I still have a way to go.

Total -30

http://i288.photobucket.com/albums/l...f?t=1288886729

NFP day and it shows with a lot of jittery movement at London open. I had a long from 1.42 on the retrace of a break of a bearish channel, it went 10 pips into the green allowing me to put my stop at break even then dropped about 25 pips, before catapulting back up 50 pips. If theres nothing in the next couple of hours then I will call it a day.

Bit messy, wait and see for now.

http://i288.photobucket.com/albums/l...g?t=1288946719

http://i288.photobucket.com/albums/l...g?t=1288952822

Currently long, breakout of that steep bearish channel and also the touch of an hourly trend line, will lock in break even ASAP.

Took break even, thank god!

Short on the break of a bearish pennant.

-12, last time I trade on NFP day, too risky.

OK - back on track this week.

Got a rising channel and bearish divergence, which points to a break down.