EUR/USD 5min - Trendlines and Pivots

This was a nice little trade. Notice you can trade pattern/channel breaks with a tiny stop loss if you wait for the re-test.

http://i288.photobucket.com/albums/l...f?t=1291889969

This looks like the most convincing trend line, E/U is a little messy.

http://i288.photobucket.com/albums/l...f?t=1292232371

Also, USDX is pointing to dollar strength. This leg up on the E/U could be just gap filling.

Ignore that, my USDX feed had frozen at 5am, looks like there's nothing for me on my pairs this morning.

Nought to be had today. Direct rise across both pairs and no waves.

Got an H&S on E/U, I will wait and see if it breaks.

http://i288.photobucket.com/albums/l...f?t=1292321126

Turned out to be a perfect bounce up for 75 + pips. I will have to learn to trade bounces I reckon!

We are coming down for another test of the TL. A break will take me into a short trade.

13:15 - successful test but no close below the TL, so either a bounce or a break here. Watching the next 5 min candle carefully.

I came within half a pip of getting stopped out but I am still short. Poor execution meant I got in at a lousy price 1.34263. I am targetting the daily open.

Got stopped out -16 on that one, gutted as it did proceed to drop and hit my target. These things happen in trading - you just have to move on.

http://i288.photobucket.com/albums/l...f?t=1292341105

I am now long on a trend line break on the Ozzie.

Made a bit of a boo-boo and clicked sell by accident so gave away a pip there.

http://i288.photobucket.com/albums/l...f?t=1292343293

I got stopped out B/E but found a spot to re-enter. I will exit the trade if it drops below the mini trend line shown.

-3 there. Poor trading!

I made a couple of trades that were lacking in discipline, for want of a better expression.

The first on was a drop below a mini channel as shown, which I stopped out for -5. Realising my indiscipline I should have walked away and called it a day, but I jumped into a trend line break up, which I am still in with my stop at break even.

Definitely my last trade as I am not in the correct frame of mind.

http://i288.photobucket.com/albums/l...f?t=1292346371

I had a more ambitious target in mind but I closed at the supply zone for +14

Any Fibo fan's out there?

http://i288.photobucket.com/albums/l...f?t=1292370320

Nice short opportunity...

http://i288.photobucket.com/albums/l...f?t=1292370463

Short on Ozzie now, break of trend line, plus break of a 4h bear wedge.

Closed -6

Now long on the E.U, break up of a trend line, 12 pip stop.

http://i288.photobucket.com/albums/l...f?t=1292414179

Took +34, account is looking a lot healthier this week now!

I must stop trading weak set ups, my target could have been hit for the week.

Took a short here with a 10 pip stop. Not looking great at the moment.

http://i288.photobucket.com/albums/l...f?t=1292430560

Out with a single pip. It was moving too slowly and having trouble with a support level

Currently long on a trend line break targeting daily pivot. Stop at B/E.

Out break even but back in at 1.3247

Out -12

http://i288.photobucket.com/albums/l...f?t=1292491110

Short on a trend line break, E/U, 12 pip stop. It's not looking good at the moment!

http://i288.photobucket.com/albums/l...f?t=1292495213

Stopped out again, -12.

Short on the A/U now. 12 pip stop. TL break.

Stopped it out for about -9 pips. OK, today has been utterly dreadful.

I think it might be best to stop trading for the year. It sucks to end on a downer but I don't think it's a good idea to continue trading today.

Today there was quite a lack of discipline, the second two trades were taken straight into the daily open price which I know is good S&R. So why did I do it? I was also looking at USDx which I use for confirmation sometimes, and it was telling me there was a possible reversal due on the dollar - but I chose to ignore it and 'hope' for a break out.

I had a look back on these trades and I broke my rules on every single one of them. Slap on the wrist!

Well, I'm not proud of this, I made quite a few revenge trades yesterday after my poor run. Luckily I managed to claw it all back overnight with a 100 pip swing trade.

I need to be more serious about this. If I want to have any chance of doing this full time then that can't happen again. I will post my results this afternoon (including all the revenge trades). Yesterday was a nightmare and I undid a lot of hard work that I was lucky to claw back.

Yes, I gave away 100 pips yesterday before getting them back. 100!!! Totally ridiculous. The trading plan was completely out the window.

I took this trend line break long on Ozzie but took it out break even when there was a reaction from R1/yesterdays high.

http://i288.photobucket.com/albums/l...f?t=1292578886

Its a great job

http://i288.photobucket.com/albums/l...f?t=1292584257

Will it break ? When it does I'm going in

I entered a bit too early and took -8.5. It may still break but I will wait until it happens more cleanly.

Short again at 1.3308. Stop now at break even. Target R1.

Closed early for +32