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5min EUR/USD mini trendline breaks

  • #121
  • Apr 11, 2012 4:34am Apr 11, 2012 4:34am
Quoting akurs
Thanks
It might still get back to upper triangle resistance and you have a chance to close the order
lol, just got lucky and did just that!
  • #122
  • Apr 11, 2012 4:38am Apr 11, 2012 4:38am
Quoting iak
lol, just got lucky and did just that!
couple of pips saved
  • #123
  • Apr 11, 2012 4:40am Apr 11, 2012 4:40am
Hi guys,
I was wandering if my entry was valid, since it closed at SL.
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  • #124
  • Apr 11, 2012 4:43am Apr 11, 2012 4:43am
Quoting akurs
couple of pips saved
indeed. price very jumpy this morning. hopefully it will find some direction this afternoon.
  • #125
  • Edited 5:15am Apr 11, 2012 5:03am | Edited 5:15am
Quoting nikz
Hi guys,
I was wandering if my entry was valid, since it closed at SL.
Your trendline was slightly wrong. I have put a line in where it should have been. ignor that it is a arrow. unfortunately it would still have hit your SL

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When you get a retrace and then it starts to move in the direction you want you cannot draw a trendline until you get a closed candle moving away again. for example. ma's are trending down. you get 2-3 up candles (retrace). then you get 1-2 down candles. you need another up candle before you can draw a line. only then when this line is broken by a closed candle do you set a pending order 1 pip below it.
  • #126
  • Apr 11, 2012 5:17am Apr 11, 2012 5:17am
Got it, unfortunately I saw it wrong...
Thanks man!
  • #127
  • Apr 11, 2012 5:18am Apr 11, 2012 5:18am
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  • #128
  • Apr 11, 2012 5:22am Apr 11, 2012 5:22am
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  • #129
  • Apr 11, 2012 5:27am Apr 11, 2012 5:27am
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  • #130
  • Apr 11, 2012 5:36am Apr 11, 2012 5:36am
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  • #131
  • Apr 11, 2012 5:47am Apr 11, 2012 5:47am
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  • #132
  • Apr 11, 2012 6:23am Apr 11, 2012 6:23am
Is it a valid trandline now?
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  • #133
  • Apr 11, 2012 6:37am Apr 11, 2012 6:37am
think i just killed my external hard drive using the wrong adaptor! doh! anyone know a way to recover files?
  • #134
  • Apr 11, 2012 6:44am Apr 11, 2012 6:44am
Quoting iak
think i just killed my external hard drive using the wrong adaptor! doh! anyone know a way to recover files?
You can try with getdataback
  • #135
  • Apr 11, 2012 6:54am Apr 11, 2012 6:54am
Sorry for a newbie question, can I know what is sma?

Quoting iak
EUR/USD
5 min chart
25sma
10sma
optional: rsi 9.


10sma below 25sma. Only look for shorts.
10sma above 25sma. Only look for longs.

Short example:
smas have given you a direction. we wait for a pullback. Then wait for a mini trendline break. candle must close beyond the break. Entry would be 1pip from candle that broke trendline.

trade mangement is up to you. What i do is enter 2 lots. I use a fixed 20pip stop loss. my first lot i close at +20 pips. Then i move 2nd lot to break even and trail it for as much as i can. RSI 9 is good on the 5min...
  • #136
  • Apr 11, 2012 7:17am Apr 11, 2012 7:17am
Quoting nikz
Is it a valid trandline now?
yep.
my trade has failed. crap day today!
  • #137
  • Apr 11, 2012 7:22am Apr 11, 2012 7:22am
iak, my advice would be not to trade between 12 and 13:30 CET = low liquidity time. Would have saved you two losers the last two days ...
  • #138
  • Apr 11, 2012 7:45am Apr 11, 2012 7:45am
Quoting cvds16
iak, my advice would be not to trade between 12 and 13:30 CET = low liquidity time. Would have saved you two losers the last two days ...
yep, i hear ya. will take note.

poss short set up forming at mo
  • #139
  • Apr 11, 2012 7:47am Apr 11, 2012 7:47am
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  • #140
  • Apr 11, 2012 8:07am Apr 11, 2012 8:07am
short @ 1.31219
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