GBPUSD thoughts

[willoneau]

Look at 4h first then mark it up . switch that chart to 15min and mark 0.5s then mark trend lines on 15min in different colour like this. The green horizontal line was not on my chart last night . Thats is a charting error for me. Blue arrow was counter trend entry above previous high.
I had target at 1.2990. another error due to not marking chart correctly with green hz line.
as a result trade turned over night and stop was hit just below 1.28500
View attachment 90283

Just looking at your chart , could the high point and first point of your trend line determine the end of this move?

 

[willoneau]

so as i am still here for the fun bit, i have long orders sitting above recent highs on AUD and on us500 as they have good setups for longs if those highs are broken, but have to watch the open whipsaw and if orders are not triggered within about 30min of open that will be my lot done

You waiting for US market to open andymac ?

 

[Triple B]

Yaeh , we always see the good ones . I reckon It helps to show the errors too. I still make too many charting errors as i have only been doing it this way for a couple weeks

 

[willoneau]

Interesting thought, read some were, after the down trend and close on lows last week expect a two day reversal before continuation to the short side?

 

[willoneau]

Entry short x 2 2954

 

[Triple B]

If you mean like this then yes for a trade over a few days. However Im looking for shorter term breakouts . so entry for me would be the break over the green hz line with tightish stop to 1.300 target at 2:1 . no more trade tonight as I have finished and off to bed . good night all

 

[willoneau]

If you mean like this then yes for a trade over a few days. However Im looking for shorter term breakouts . so entry for me would be the break over the green hz line with tightish stop to 1.300 target at 2:1 . no more trade tonight as I have finished and off to bed . good night all
View attachment 90284

No I meant the trend line from the major high behind your start point to your start point and transposed down like other lines.

 

[willoneau]

See ya Triple B

 

[Triple B]

I would have had that line drawn back then but deleted it when a new lower high was made.
Now I draw an uptrend line at the new high just made. Good night

 

[willoneau]

Close x 1 position 2968
14.3 pips loss

 

[willoneau]

I would have had that line drawn back then but deleted it when a new lower high was made.
Now I draw an uptrend line at the new high just made. Good night
View attachment 90285

Thanx for that

 

[andymac]

good night triple.
yes will back for another half hour or so
aud setup long has triggered but 10 pips under at present
long setup us500 still valid but only just , could disappear before the start

 

[andymac]

i agree with mistakes and needing to control ME this thread is helping me control that part of my trading.

ME!!! yes i think this the whole shooting match, like a lot of people i have spent much time and effort learning all kinds of analysis tools and methods and not bothering much with ME even though the people i should have been listening too kept saying that it was the key. finally am coming to the realisation that it is

 

[willoneau]

short x2 2957

 

[willoneau]

I found i couldn't sit at screen and not trade especially off larger time frames, I would put trades on not following any plan. So I intentionally reduced my time frame trading strategy to suit the ME factor and allow me to increase my trading activity right or wrong time will tell.

 

[willoneau]

close x1 2965
11 pips loss

 

[andymac]

I found i couldn't sit at screen and not trade especially off larger time frames, I would put trades on not following any plan. So I intentionally reduced my time frame trading strategy to suit the ME factor and allow me to increase my trading activity right or wrong time will tell.

ditto - timeframes not matter for me tho. so attempting to reduce time at screen, and dramatically reduce trade selection /entry criteria, doing ok with first one , still working on second.
aud trade stopped out - 41pips
us500 not triggered setup failed
done for th evening , thanks for the company

 

[willoneau]

Exit market 2967,
9.3 pips loss
9.3 pips loss

 

[willoneau]

Sure see ya later andymac

 

[willoneau]

Entry short x2 2953