AUD Update — Let the AUD trade run to s/l, was a bad trade from the outset....plenty of resistance on higher t/f's, had already had a good move higher and was a good way from the 50sma and no momentum once the entry was triggered. Should have ...

Buy sell line trading

AUD Entry — Have taken this T2 entry on the AUD M15, more than a little risky given the resistance above and the numerous risk events looming. However, prepared to put 1R at risk so lets see where things go.

Buy sell line trading

Closed for 1R, came within a tick of 2R but didn't close.

Buy sell line trading

EURUSD Entry — Have taken this T2 on the M15, 1R at risk as always. We shall see. Regards.

Buy sell line trading

Closed eu — Closed eurusd for 1:1, got greedy and did not take it off when it reached 1:2. No problem though, just wait for the next one. Just taken long on Brent, 1HR T2 entry.

Buy sell line trading

EURUSD — Took this trade based on a T2 on the M15, stop behind the signal candle. Mannai, not sure if I would have taken that AUD trade, the retrace is rather limited in my view, it is only a single candle. You could however had a commando ...

Buy sell line trading

Thanks 60MM. For me I just keep focusing on your post number 1632, and scrutinise every potential set-up I assess based on it: 1. Impulsive move 2. Retrace 3. Price action 4. Momentum entry 5. Positive risk reward (I can repeat this in my sleep at ...

Buy sell line trading

Thanks MM, certainly another interesting and flexible approach, will start monitoring and testing. Closed EURUSD at 1.2160 for a little over 1:2, another good day !

Buy sell line trading

Update — Have now moved my stop behind the trigger candle (as mentioned recently by 60MM), if taken out this will represent 1/2 unit of risk. Had my original stop been behind the low of the signal candle this would represent 1/3 a unit of ...

Buy sell line trading

EURUSD — Have taken this EB entry on M15, given the size of the signal candle I will be placing my stop at the 50% level rather than behind the low. Like the idea 60MM of moving stop behind the retrace of the trigger candle. Can I ask if you ...

Buy sell line trading

Thanks Mannai. I have been operating on the basis that the 5 bar rule is inclusive of the current bar, looking back at the first post by 60MM and the graph attached to it I still think that is the case. This trade was a little liberal in terms of ...

Buy sell line trading

EJ Entry — Been away for the past couple of weeks dealing with other matters, back in action this morning, lets see where this T2 on the EJ M15 gets to.

Buy sell line trading

Looks like I exited to early, could have hedl for a nice 1:5/6. Cable was the real good mover today, the intial T2 entry was followed by plenty more opportunities to get in, the R:R here speaks for itself. Thanks again MM, really enjoying this.

Buy sell line trading

EJ Update — Closed for 1:1, things have slowed and volume is likely to drop further from here. Closing shop until tomorrow. Regards.

Buy sell line trading

Have taken the short on EJ, somewhat against the rules as the trigger did not occur on the next candle. However given the 3 consecutive candles with closes in the bottom 25% (10%actually) and the two IB's I have entered this short. Trade on EU is ...

Buy sell line trading

Yes, its the 8sma, I seem to recall somone else using it earlier (I think it may have been lhDT). My line in the sand is the 50sma, although I am finding a lot of good set ups occur between the 8 & 50 sma. EU, EJ & AU all have 15M T2's waiting to ...

Buy sell line trading

Cable — Other commitments this morning meant I missed this move on cable, hopefully others managed to grab it ! Easily through 1:2 at this stage.

Buy sell line trading

Nice one ! Hope you got the move in Brent, was good for 1:2.5 at the high so far, missed it myself unfortunately. Regards.

Buy sell line trading

Stopped at 1R, time to wait for the next one.

Buy sell line trading

EG Trade — Have taken this M15 T2 entry, again targeting 1:2. We shall see, things are choppy this morning.

Buy sell line trading