5min Trading / EURUSD / From LO

you might ask why I have exited my trade?

I have just taken a 20pip lose.
I have been up +10 pips twice and ended with shit.
Daily range is terrible... 55 today
61 for the last 5 days
72 last 10 days
72 last 20 days

so I am taking that profit and saying thank you very much...

Yes I know... the major profits are with the large runs... in time I will be using this entry to accomplish this.

I have a sell signal at 12862

High 12868

T1 = 12826
T2= 12784

http://i982.photobucket.com/albums/a...keman2/4hr.jpg

4hr chart.... see how the target price came in at a a previous 4hr high... You can call that a double top on a 4hr...

Shame I only just noticed this... I am thinking I will be keeping a closer eye on this type of setup.

With the aid of my traget prices I will be able to identify possible setups.. and look to pick up more pips... nice.

long 12841

high 12861 = T1=12821
Low = 12830

100% last range short = 12832
T1= 12821
daily open = 12829

avg 12827

stopped.... 12826
-16

must have been news....!
must check...!

As you can guess this was the trade to take.... anyway... time to move on...

Just turned on the computer... missed the low...

High of today...12733

T1=12700

Low = 12697
Long signal @ 12716

I am sitting and watching!

Low 12697
T1=12746
T2= 12796

wow...

last high 12724
T1=12693

low 12692

mean trend....

The issuie with gettiing on the trend is you either get a good sell signal and get on board from higher up... closer to the start.... and hang on... if you can.!

Just wait for a break and jump in and pray.

Wait for a retracment and get a sell signal.

Right... the first option... is the best but you never know how long to hang on to a trade... looking back sure makes it look easy. Sell and hang on...

Number 2 option... takes balls, usually works and your not following your rules.

Number 3 option... have to wait... the entry will come.

One thing I have learned is to follow my rules... I need to delevlop an entry for this type of market... When in a mean trend... % of retarcment is usually a good option... example to follow.

http://i982.photobucket.com/albums/a...ednesday-1.jpg

200% of the last range long... and MACD confirmed... quick 20pips.

Also there is a problem when jumping in an exsisting trend .... will it keep going?

shit...

long 12693

why am I long I hear you ask...
Trend is down... yep...

If I can get a sell from a retracment than I will be taking it...

Mean while the market must retace... cant go down all day.

Low 12680
T1= 12725

OK...why long...

high 12724
T1=12693
T2=12662

avg =12678
Been working latly... the average of two target prices.

watch 100% last range high 12707

[IMG]http://i982.photobucket

http://i982.photobucket.com/albums/a...keman2/wed.jpg

Question regarding my stop... its automatically placed at 20pips... I then drag it up or down to suit. So I have lifted it under the low... 2pips under.

I like the auto funtion...means I NEVER trade without a stop.

auto stop 20
Auto profit 50

drag to suit...

Called visual order editor... EA

Ok... exited at 12725

+30

I exited becasue

daily open 12733
T1 = 12725
200% = 12733
Double top = 12724

I wanted to be safe...

Average = 12729