It's Really All About Consistency...

nzd usd

my entries... the blue arrows pointing up on the GBP/NZD

Yes Ft I took profit before fall and added on fall long

also I have buy above

added holy cow ,thats nice ,Back in box

just need confirmation

Ya... I took some profits, but about 30-40 pips later than I should have... but it is what it is.

I've been building up quite a position against the kiwi this week...and I believe the "break" im waiting for is likely to happen by US session close today...

I just hope it's for me and not against me...

I think you have right (nzd),fundamental reason ??
From candles what we want here is a positive body really I think you would have good confirmation for long ride
I think news comming for NZD tonight =bad

From what came out recently... it was worse than expected regarding account deficits. That, plus an overbought market at a key technical level with no other key technical levels close, and slowing momentum + 1hr trendlines starting to break = I want to short nzd

got in between 1.0175 - 1.0168. my "ideal" entry was about 1.0163...so i was a little early, but if this trade works as I expect it to..i'll have plenty of room to spare. I'm thinking 1.0235-1.0250 should be a somewhat "safe" bet...

This is probably too late...but i am curious, why did you sell into that support area(0.7939)?

my personal take....i like trendline breaks...but i also like it not to run into S/R zones....

the way i trade trendline break is very similar to greenius:

http://www.forexfactory.com/showthread.php?t=257620

..
my two cents.

P.S. another good video on trading trendline breaks:

.

Hi Skynet ,Nzd Usd will go down ,trust me

and with it gbp nzd up ,but I think tomorrow ,thats when we fly

look at gold from daily view how bullish move was faded off ,daily I think has no choice now ,but I'm not holding most more that that

gbp nzd now look we want close just like that if were long ,really very pretty

But gold I think is very bearish High TFs ,next month bye bye support


and silver

well, i'm looking to get a bit bigger to the long side if GBP/NZD can pull back down to 9720ish. i'm setting a 45 pip stop, and a 250 pip target.

if we can break and hold above 1.9800, i believe this trade will be solid.

price already moved over tl FT ,last h4 also long wick and positive

I think thing of beauty

not 250 ,no more

Well, finally seem to have broken my slowly declining pattern (see my trading graph for this acct)... and i've come to some conclusions regarding my basic plan, as well as identified what mistakes i've been making.

interestingly, it's not been "amount of entries" taken in a day that's been a problem....but it's in fact a fairly complicated issue, and one that deserves a full blown post by me. but, right now, i've got a bit of a headache (just woke up after 6 hours of sleep) and if I don't wake up feeling sick (1 family member already is), I will follow up with a complete post on the back story, the potential problems, previous problems, current reality, my very recent revelation into what REALLY works for me... etc.

Anyway, it's another mini "breakthrough", and those always resonate quite powerfully for me.

Till then...

haha! ya... it wasn't so clear cut as it may appear...

basically, I had taken several entries fading the move in...some were taken right near the very high, but others were not too far above what was becoming "support" as you pointed out.

I wanted to close half my position at that price, but because my broker is US regulated, closing half would have closed out an entry or 2 that were just marginally profitable.

so, i closed the entire thing, then re-opened it at about the same price i closed, but for only half the lot amount I had just closed.

obviously, i should have waited for a rebound to sell higher, but I didn't know that at the time of course.

It looks pretty funny tho, i'll admit... something like "duuuurrr... gee whiz george! i do not know why i dis trade is loosing??? durrr...."

yea, anyway. thanks for the posts Sky, will write up more later, for now i'm back to bed (and finally recovered from my total P.O.S week last week, phew)

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