5min EUR/USD mini trendline breaks | Page 13 | Forex Factory

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5min EUR/USD mini trendline breaks

  • #241
  • Apr 19, 2012 10:17am Apr 19, 2012 10:17am
Quoting reuptake
EUR/CAD, and it went much higher than this.
Is my dream to take a move like this from the start
kkkk
pips pips pips pips....
  • #242
  • Apr 19, 2012 11:10am Apr 19, 2012 11:10am
How one should draw trendline? Like this?
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Click to Enlarge Name: Zrzut ekranu 2012-04-19 o 18.08.36.png Size: 41 KB
  • #243
  • Apr 19, 2012 11:15am Apr 19, 2012 11:15am
Witaj braderski ... Re-up-take???? As in reuptake of neurotransmitters in the brain? I knew trading was brain surgery LOL Yeah that's a nice trendline.
Quoting reuptake
How one should draw trendline? Like this?
forget about tomorrow, just steal away into the night
  • #244
  • Apr 19, 2012 11:16am Apr 19, 2012 11:16am
Quoting reuptake
How one should draw trendline? Like this?
Well, i don't know what is the Iak's definition for trendlines. But i would draw using in average the last 15~20 candles, drawning a smaller trendline.

Like this one:

But take note that this is my perspective, that may diverge from Iak's perspective.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_trendline.gif Size: 18 KB
pips pips pips pips....
  • #245
  • Apr 19, 2012 11:44am Apr 19, 2012 11:44am
I like how simple this system is, i hope to see how it can improve how i trade the 5min TF
  • #246
  • Edited 2:02am Apr 20, 2012 1:42am | Edited 2:02am
potential signal closing in on EU

The signal is not valid any more
Attached Image (click to enlarge)
Click to Enlarge Name: EU5m.png Size: 40 KB
  • #247
  • Apr 20, 2012 5:23am Apr 20, 2012 5:23am
Hello buddies..
I know that this thread says "5min EUR/USD" but i really think that make worth put entry in others currencies too for educational purposes.
Then, there's my trade made few minutes ago in a signal given by GBP/USD

Profit guaranteed by stop loss
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_1break.gif Size: 17 KB


Note that SMA(10)=SMA(25), then i did not see any problem to put a conditional Buy Stop order case price rises.
pips pips pips pips....
  • #248
  • Apr 20, 2012 7:23am Apr 20, 2012 7:23am
I just caught this trade for a quick 8 pips.. I took half of my profits off and moved my stop to breakeven. As you can see my second half got stopped out at breakeven. Anyone else took this trade?
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  • #249
  • Apr 20, 2012 9:08am Apr 20, 2012 9:08am
Has anybody tried this technique in 15 min TF as well??
  • #250
  • Apr 20, 2012 11:41am Apr 20, 2012 11:41am
Quoting rafeez82
Has anybody tried this technique in 15 min TF as well??
Well, i guess this technique works in all periodicities due the fractal caracteristic of the market. But note that if you work in M15 you will have to wait like 3 more for the signals and potencialy can lose some trades for signals given in M5.

But answering your question: Yes, i guess so.
pips pips pips pips....
  • #251
  • Apr 23, 2012 4:20am Apr 23, 2012 4:20am
Lost today on breaking this trendline (I had SL very, even too tight, so I didn't lose much but...).
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  • #252
  • Apr 23, 2012 5:34am Apr 23, 2012 5:34am
Quoting reuptake
Lost today on breaking this trendline (I had SL very, even too tight, so I didn't lose much but...).
I'm still in this trade....Why didn't you put 20 SL?
  • #253
  • Apr 23, 2012 5:38am Apr 23, 2012 5:38am
Quoting nikz
I'm still in this trade....Why didn't you put 20 SL?
Initialy I have SL @ 20 pips, but then I move it to the position in which - in my opinion - price invalidates the trade.
  • #254
  • Apr 23, 2012 7:35am Apr 23, 2012 7:35am
Half closed with +20, other half +22
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 8.png Size: 36 KB
  • #255
  • Apr 23, 2012 7:43am Apr 23, 2012 7:43am
Quoting nikz
Half closed with +20, other half +22
I've reenetered it later, still in this trade (greed won with fear)
  • #256
  • Apr 23, 2012 8:02am Apr 23, 2012 8:02am
What is win to loss ratio with this strategy?
Thanks.
  • #257
  • Apr 23, 2012 8:09am Apr 23, 2012 8:09am
Good question. Theoreticaly it's 1:1, but I'm rather trying to make it more like 1:3 by moving SL.
  • #258
  • Edited 8:39am Apr 23, 2012 8:11am | Edited 8:39am
AUD/USD

(UPDATE: hit S/L near BE)
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  • #259
  • Apr 23, 2012 8:38am Apr 23, 2012 8:38am
Quoting reuptake
Good question. Theoreticaly it's 1:1, but I'm rather trying to make it more like 1:3 by moving SL.
Thanks, reuptake. I was actually aiming on number of wining trades vs. losing ones. I guess win to loss ratio in a single trade depends on money management and traders preferences. What are your results regarding wining vs. losing trades?
  • #260
  • Apr 23, 2012 8:51am Apr 23, 2012 8:51am
Quoting marijan993
Thanks, reuptake. I was actually aiming on number of wining trades vs. losing ones. I guess win to loss ratio in a single trade depends on money management and traders preferences. What are your results regarding wining vs. losing trades?
It depends not only in single trade but also in multiple trades. I'm trading this system too short and in too messy way to say something conclusive about Win/Loss or R:R. I'm rather trying to cut losses shorth, so I'm experiencing rather low win ratio, but wins are larger than losses. I prefer to close the trade if it's not going into my desired direction.
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