5min EUR/USD mini trendline breaks | Page 6 | Forex Factory

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5min EUR/USD mini trendline breaks

  • #101
  • Apr 4, 2012 2:10pm Apr 4, 2012 2:10pm
Hello shanex, how was trading today?
  • #102
  • Apr 4, 2012 6:55pm Apr 4, 2012 6:55pm
Quoting ewwink
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
thanks for your advice mates
  • #103
  • Apr 5, 2012 12:08am Apr 5, 2012 12:08am
Quoting iak
Hello shanex, how was trading today?
Hey iak, sorry for not responding, I was on the thread briefly. In response to your question, trading was good according to my MM. Took 2% for the day, and then I'm done. The pain of turning winners into losers has taken its toll on me. As for opportunities trading the MA trendline strategy, there were plenty. Still working at it though, trying to refine entries and exits. Will let you know of anything new. The MA's and trendline is core not changing that, its a brilliant idea. Oh, I like the MM the universe forced you into.
  • #104
  • Apr 5, 2012 9:48am Apr 5, 2012 9:48am
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  • #105
  • Apr 10, 2012 3:29am Apr 10, 2012 3:29am
Morning. These are easy entries we cld have taken. I am late to the computer so have not had a trade yet today.
  • #106
  • Apr 10, 2012 3:31am Apr 10, 2012 3:31am
Lol, helps if i attach the chart really!

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  • #107
  • Apr 10, 2012 3:42am Apr 10, 2012 3:42am
Daily pivot giving good support today. Will it now act as resistance?

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  • #108
  • Edited 4:40am Apr 10, 2012 4:27am | Edited 4:40am
order set. candle just about closed above trendline

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pending long order cancelled as ma's have crossed back down. looking for short set ups now.
  • #109
  • Apr 10, 2012 4:55am Apr 10, 2012 4:55am
Hi Iak,
Thank you for sharing this very simple and efficient system.
You recommend to use RSI 9. On my platform the default parameters of rsi are:
median price (hl/2).
Are these the same as yours?
IMHO it's seem possible to apply your system to other pairs likeŁ/$, €/Yen or aussie/$.
Regards
  • #110
  • Apr 10, 2012 5:07am Apr 10, 2012 5:07am
Quoting jeff75
Hi Iak,
Thank you for sharing this very simple and efficient system.
You recommend to use RSI 9. On my platform the default parameters of rsi are:
median price (hl/2).
Are these the same as yours?
IMHO it's seem possible to apply your system to other pairs likeŁ/$, €/Yen or aussie/$.
Regards
Hi jeff75, I use oanda java platform and do not know the parameters of the rsi. I simply change the period from 14 to 9. i would suggest setting it up as you believe and then maybe comparing it to my posted charts? it doesnt matter too much as you can trade this without it. its just there to give you a picture of what is likely to happen. i only really use rsi when i am trailing my 2nd lot to see where i should end the trade. I think you are right that this wld prob. work on other pairs. feel free to post about any pair. i do not mind what is posted if it is helpfull.
  • #111
  • Apr 10, 2012 6:03am Apr 10, 2012 6:03am
just entered short @1.30677
cant post chart for some reason. will try and get it sorted
  • #112
  • Edited 6:49am Apr 10, 2012 6:07am | Edited 6:49am
Attached Image


##Trade not gone well. ma's have crossed the opposite way to our trade which voids this trade. I have moved my stoploss down very tight just incase i get some luck.

###out of trade for-13pips. we had a cross of ma's in opposite direction then a bounce off of support 1. At this point i cld have stopped trade for about -8-10 pips but instead lowered stoploss just incase it suddenly dropped. you never know in forex. oh well, not too painfull. we now look for long set ups.
  • #113
  • Apr 10, 2012 9:31pm Apr 10, 2012 9:31pm
this is very simple.
what about statistic? if it is possible to share.
If You try Destiny'll try...
  • #114
  • Apr 11, 2012 3:22am Apr 11, 2012 3:22am
possible set up to go short forming

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  • #115
  • Apr 11, 2012 4:02am Apr 11, 2012 4:02am
I took a poor entry. The price retraced too far really but the ma's were still on my side which is why i took trade. as soon as i entered the ma's crossed to the opposite signal. hopefully i will be ok.

Attached Image


##moved to break even to protect against poor entry
###Out @ BE. no damage done.
  • #116
  • Apr 11, 2012 4:14am Apr 11, 2012 4:14am
entered buy as sma have crossed up

my first trade using this strategy
closed +11
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  • #117
  • Apr 11, 2012 4:17am Apr 11, 2012 4:17am
In long.

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  • #118
  • Apr 11, 2012 4:23am Apr 11, 2012 4:23am
Quoting akurs
entered buy as sma have crossed up

my first trade using this strategy
closed +11
nice one. I am a candle behind you on my charts. Ranging at mo so i should prob have left it alone
  • #119
  • Apr 11, 2012 4:24am Apr 11, 2012 4:24am
we have to wait the triangle break before new orders imo
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  • #120
  • Apr 11, 2012 4:24am Apr 11, 2012 4:24am
Quoting iak
nice one. I am a candle behind you on my charts. Ranging at mo so i should prob have left it alone
Thanks
It might still get back to upper triangle resistance and you have a chance to close the order
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