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5min EUR/USD mini trendline breaks

  • #81
  • Apr 3, 2012 4:11am Apr 3, 2012 4:11am
Short at the ready. Ignoring the pivot.

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  • #82
  • Apr 3, 2012 4:13am Apr 3, 2012 4:13am
In short. We will see now if the pivot will punish my entry or not. Pivots are not currently part of my system. I am just making a note of what effect they have on my trades at the mo.

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  • #83
  • Apr 3, 2012 4:31am Apr 3, 2012 4:31am
Perfect entry but out for +20 pips. very annoyed. i set a buy order to take out half of my order at +20pips and then i wld trail the other half. oanda has just closed my order and opened a buy order instead. i have promptly closed the buy order. luckily i was watching. so 20 pips profit which i am happy with but i will now be contacting oander to see what the hell they are playing at!!

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lol, just realised what i did (after complaining to oanda which is a bit embarrasing!)

I set up a short order. 20pip stop, 20 pip profit. set up my buy order 20 pips down and then forgat to remove the take profit part of the first bit Doh! oh well. just gotta sit on the sidelines now. hope it not too painfull! hope some of you got onto the ride!
  • #84
  • Apr 3, 2012 4:47am Apr 3, 2012 4:47am
what do you think?

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  • #85
  • Apr 3, 2012 4:47am Apr 3, 2012 4:47am
Why sit it out, if the pivot sets up another retrace you can play that. What better confirmation than a retrace off a pivot or s/r. Plan the trade trade the plan, right sir.
  • #86
  • Apr 3, 2012 4:51am Apr 3, 2012 4:51am
Quoting Shanexx
Why sit it out, if the pivot sets up another retrace you can play that. What better confirmation than a retrace off a pivot or s/r. Plan the trade trade the plan, right sir.
good call.
  • #87
  • Apr 3, 2012 5:43am Apr 3, 2012 5:43am
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RE drawn the trendline

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  • #88
  • Apr 3, 2012 5:56am Apr 3, 2012 5:56am
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  • #89
  • Apr 3, 2012 6:12am Apr 3, 2012 6:12am
Setup nullified. Another setup taking place. Wedge breakout.
  • #90
  • Apr 3, 2012 6:15am Apr 3, 2012 6:15am
Quoting Shanexx
Setup nullified. Another setup taking place. Wedge breakout.
Moving averages crossing up also. Trendline removed.
  • #91
  • Apr 3, 2012 6:26am Apr 3, 2012 6:26am
Thats me done for this week. Not a very exciting day but +20 pips on 2 lots is not bad considering how sideways the market is today. We were kept out of the range and caught the only movement of the day. Good luck for rest of day/week. will try and get back to the charts next week sometime.
  • #92
  • Apr 3, 2012 7:17am Apr 3, 2012 7:17am
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  • #93
  • Apr 3, 2012 7:32am Apr 3, 2012 7:32am
Quoting iak
Thats me done for this week. Not a very exciting day but +20 pips on 2 lots is not bad considering how sideways the market is today. We were kept out of the range and caught the only movement of the day. Good luck for rest of day/week. will try and get back to the charts next week sometime.
Cheers and happy easter to you. Till next week.
  • #94
  • Apr 3, 2012 7:32am Apr 3, 2012 7:32am
Quoting iak
Thats me done for this week. Not a very exciting day but +20 pips on 2 lots is not bad considering how sideways the market is today. We were kept out of the range and caught the only movement of the day. Good luck for rest of day/week. will try and get back to the charts next week sometime.
It only tuesday
If you think you can or cannot do it you are correct
  • #95
  • Apr 3, 2012 9:25am Apr 3, 2012 9:25am
Quoting iak
Thats me done for this week. Not a very exciting day but +20 pips on 2 lots is not bad considering how sideways the market is today. We were kept out of the range and caught the only movement of the day. Good luck for rest of day/week. will try and get back to the charts next week sometime.
why just +20 pips on 2 lots not trade 5 days in a week?
  • #96
  • Apr 3, 2012 11:37am Apr 3, 2012 11:37am
Quoting ewwink
why just +20 pips on 2 lots not trade 5 days in a week?
Ha, well yes i would like to trade 5 days a week. I work a day job 4 days on then i have 4 days off. i have a young family and a wife who does not like me to trade after blowing up a few accounts learning to trade. I trade when i can get some time to myself. unfortunately this is not as often as i would like! Im sorry i cant be around on the thread more. I plan to get rich slowly and one day trade full time. for now it is when i get the time.
  • #97
  • Apr 4, 2012 1:18am Apr 4, 2012 1:18am
Thank you for this method. I will try to test and trade using it.
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  • #98
  • Apr 4, 2012 1:45am Apr 4, 2012 1:45am
Just after a few minutes
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  • #99
  • Apr 4, 2012 7:26am Apr 4, 2012 7:26am
Quoting ihzn2124
Just after a few minutes
to be safe lock your profit to SL+1 when you get 10 pips or if you can see reversal close it manually without waiting TP
  • #100
  • Apr 4, 2012 7:37am Apr 4, 2012 7:37am
I jumped the gun this morning and paid the price. The morning low was 1.31065 and that candle's close was 1.31145 so within that 5 minutes it closed 8 pips above the low. I got in around the close and price never went back down. My error and I have it written in stone to place an entry 1 pip above or below the high or low of a closed candle. 2 micros, -40 pips total. good learning lesson, I hope you all did better.

This was during the NY session after the big news releases at 07:30 cdt.
lak - I'm sending you a PM
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