My original plan had no hard stop loss. The original plan was to take a loss if H1 bar was to close below bottom trend line. But I don't like to keep it like that. You see, eventually it pays to be flexible. Something I have been practicing was to ...

Tech Charts Bonanza

I was thinking lately about MACD and stoch divergences and have come to a small thought. Basically, everything in trading in my opinion is being made complicated. It's not all that hard. Divergence is in essence a way to point out something obvious, ...

Tech Charts Bonanza

So, According to my original idea - and still being biased long. I will then have 3 take profit targets. 1. Along the top line (60%) (HIT) 2. 1.4407 (20%) (PENDING) 3. 1.4430 (20%) (PENDING) And I recommend a hard stop at 1.4262 which should have ...

Tech Charts Bonanza

Ok, so the original plan was to buy at the lower trend line but that trendline was never hit. But I also have to say that having an entire order there would be a bad idea. A good aproach to that situation would be to have multiple entries at mojor ...

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Here are some levels. Daily S1 @1.4259 Last month close @1.4257 Last month close is important simply because this is end of month tomorrow.

Tech Charts Bonanza

this is kind of what I was waiting for. Since I'm biased long, just a little bias, I would rather have it bounce off bottom line first then off top. Still waiting for the bounce. As far as if this bounce doesn't work out, well, my stop loss is if H1 ...

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One thing I have found useful during those times when I was still trying to get a hang of all this was not to enter a trade while it is not overbought or oversold. Mostly I would follow this rule on H1 time frame. At other times it would generally ...

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Looks like there is potentially strong support support near daily S1, it almost overlaps daily MA20

Tech Charts Bonanza

Here's an idea on how to trade current situation. Have longs open along the bottom line and shorts along the top line. I'm biased a bit toward the long side, so I prefer bottom line gets hit first. I will then have 3 take profit targets. 1. Along ...

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Can anyone tell me why trendlines work on this pair better then any other? shine some light on it?

EURUSD

Here is another way of looking at that monthly trend line... One week breaks the trend line, and the following week confirms the break.

Tech Charts Bonanza

Monthly looks sad, no break in the trend line and even shorter range then previous.

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Interestingly that is not what my brokers feed was showing, just look at the gap. Im going to post this on MBT thread to see what they have to say about it.

Tech Charts Bonanza

Because Trend Lines Work — Simple trend line, no more. In my world that trend line is the reason price stopped at those levels.

Tech Charts Bonanza

average true range is goin down, what a dip stick... I don't want to have to adjust to trade something else that trends a bit better...

EURUSD

actually, its up there trying to break 1.4375 really bad, it should retrace to my additional entries @ 1.4323 and below and then it can resume to break last weeks high.

EURUSD

Slap yourself! n00b

EURUSD

your trendlines are different from my

EURUSD

and if we don't can i come to your house and take your pride?

EURUSD