NEVER LOSE AGAIN!! TheRumpledOne

[bunnygirl]

The new hour opened at 1.2548, the previous hour is still running.....so the plan for me this hour is to leave the stop where it is because the hour opened in the wrong segment to move it.

I'll add to the long at 1.2553 if seen

buuny


as I type, long is added at 1.2553

 

[bunnygirl]

so now I've got 2 trades running at 1.2553, stops on both at 1.2524....target in the region of the old hourly trendline.

Bunny

 

[Gumping]

I'm going for a nap. Going to re-assess this idea. Back to the grind tomorrow.....

 

[bunnygirl]

here's the 5 min chart update

Bunny

 

[bunnygirl]

I'm going for a nap. Going to re-assess this idea. Back to the grind tomorrow.....

See you tomorrow Gump, thanks for your company today

Bunny

 

[bunnygirl]

TRO are you around today? Any comments on today's actions fo far? Is anyone watching any other pairs using this method & if so how are you doing??

Bunny

 

[bunnygirl]

The 5 min trendline broke, stopped out of both trades for -29 each...the latest entry didn't move into profit before hitting the stop - it didn't even clear the spread.

personal running total for today..... -125 pips

Bunny

 

[bunnygirl]

following the 1 trade per hour rule I didn't short when it broke the 1.2525 line....the price is testing the daily open now at 1.2503

Bunny

 

[bunnygirl]

I'm really missing my indicators I don't like naked charts, do you think anyone would notice if I slipped on some ma's and some pivots??

Bunny

 

[joeking323]

Have you tried using this with Pivot points?

 

[bunnygirl]

The double inside bars on 5 mins would have worked a treat wouldn't they?

Bunny

 

[bunnygirl]

Have you tried using this with Pivot points?

thanks joeking, I'm taking a look now

 

[bunnygirl]

sorry joe I can't run the film, I'm getting a java runtime environment aerror message.

Bunny

 

[bunnygirl]

The new hour opened at 1.2514, so it's a short at 1.2499 ( neatly just below the daily open) or a long at 1.2528 whichever comes first.

Bunny

 

[bunnygirl]

I'm biased towards the short idea, a drop to the old 1.2366 target would make it a neat 200 pip range down from today's high.....time will tell..

Bunny

p.s. I've just gone long 1.2528 as I type this...here we go again

 

[bunnygirl]

There was a possible 17 pips on the table there...price tested the bottom of the 5 min trendlines..I'll post a chart when this is over

Bunny

 

[bunnygirl]

ok taking half here at 1.2543 for +15 stop to b/e on the other half because we already had a test of the entry

Bunny

 

[bunnygirl]

2nd half closed at 1.2579 for +41 that's +28 net for this long...I'll post a chart next to show why I took exits where I did.

personal running total for today so far is -97 pips
Bunny

 

[bunnygirl]

Here's the latest 5 min chart..Hope it helps

Bunny

 

[bunnygirl]

This may be of interest to someone. I've added a bottom channel on the 1 hour chart.

By my reckoning we should be at the 1.2366 level around 5 pm tomorrow (Friday uk time)...but I often get that wrong

Bunny