5M Candles

Glossary:

With "Trend" Entries / Continuations:
BPB - Breakout PullBack
H2/L2 - second higher high or lower low in a pullback
2LPB - trend continuation after a 2 Leg PullBack
1PB - 1st Pullback after Trend Change
DBBF/DTBF - Double Bottom/Top Bull/Bear Flag
CHBO - first breakout of a trend channel, expected to fail and continue in the original trend direction.

Counter "Trend" Entries / Failures:
FBO - Failed BreakOut
TCLO - Trend Channel Line Overshoot
fH1/L1 - failed trend continuation after a 1 leg pullback
fH2/L2 - failed trend continuation after a 2 leg publlack
W - Wedge, basically a three drives failed breakout
3Df - Three drives at the end of a trend (failure of trend continuation)

Other Nomenclature:
2R - 2nd attempt to do something
IB - inside bar
TL - Trend line

First two sessions of live trading.

Bad day today, but still managed to pull out some minor account growth.

Travelling today, limited time to watch.

Slow and choppy pre-holiday.

I liked your initial list of things to watch out for before this concise one replaced it..can u pls share the original list. Thanks.

I no longer have it as I revised my plan to be more succinct. Primarily I am looking for breakouts to fail as they usually do. Sometimes they turn into trends, like today, but it is rare. Either way, the failed breakout or the breakout pullback (into a trend) will occur at the same level. Sometimes, a failed breakout fails, which is then a breakout pullback.

Distracted this morning.

Travelling today, this will likely be it for today.

we are trading similar concept! very interesting indeed

http://www.forexfactory.com/showthre...38#post8837138

can you share your indicators?

subscribed!

I don't really understand the post you linked there - what is your system?

What indicators are you interested in on my charts?

Caught two more trades after getting through security at the airport. Time to board the plane.

Great start to the week. Working on splitting my position and holding longer.

No trading this morning as I was traveling, but caught this in the UJ tonight.

No trading tomorrow - travelling again. Misread the turn overnight at the the bottom and expected we were going to keep going down. The bias caused me to miss the long BPBs, both of which were the trades of the day.