I don't trade trendlines myself but here's a quick pic I did for you, you could have used a long break of this downward consolidation to confirm your entry OR the base of the trendline/consolidation zone.

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Just an FYI - Pivot above you at 3671 would provide resistance to your long, we've already chewed through it as a bear resistance on a short time frame. So now what you were looking for as support to your long is actually working against ...

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Out for B/E +0.5 (cover comms) - I think I was a little too keen.

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Most platforms allow 100 lots to be filled instantly even on a limit, I think many people don't realise how much money is in this market - it's both incredible and humbling!

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I don't like the idea of trading in to 3661 but I'm short 677, ST 12, TP 36. edit: B/E at +10.

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I think people just don't appreciate how easy it is to take 5 pips out of the market even if you're in the wrong way. You could argue scalping is the 'easiest' past-time for a trader.

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Oh dear. Comments like this make me wonder why I even bother posting.

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I have four accounts that range from 100:1 to 400:1. Not to be rude but I don't really care what people believe, I started trading with $2,500... those days are long gone. I'm not about to tell you my account sizes but I think it's pretty simple to ...

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I use 50-200, depending on position and expected TP. I have strict rules around how I managed my trades, for example if my mean win ratio drops below 50% I reduce my lots on each position until my win% returns to it's expected level (>50%). I have ...

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You're so wrong, I used a lot more than that.

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It's ALL about consistent pips.

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That's why I stopped posting the size of my trades, people just get jealous.

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When it comes to lines on a chart, you're both right.

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Cable took a wild ride, Fiber to follow suit?

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There it is. +45

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Missed my long TP by 1 pip - 3700 is proving rather resilient.

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Agreed, I expect a ~25 point turn from here to consolidate.

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There are a few 'magic numbers' in the market where you don't need a chart to trade them. I can only assume these are psychological numbers for many, many traders - a bit like Fibs but stronger (and arguably simpler). Hence in my journal I eluded to ...

Order Flow - Finding cluster of stops on chart

Might have another bite at the cherry when we hit ~3422 again.

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