Wedges and trendline breaks

pocrel said:
not much happening tonight except for aud/usd it has nearly a 50 point gap from fridays close so i have just shorted at

9928

30 point stop

target is 9900

let see how it goes
Click to expand...


taking my points and running +17 on the gap trade
 
been a pretty good day for me shorting the DOW

looking at more long term trade here

eur/cad short

when it breaks below the pin bar

50% fib retrace
into minor support

2 similar drives if you measure the pips

3.gif
 
been a poor week for me trading, lack of discipline cost me let the profits run is all i can say

anyway not alot of swing trades around canr see anything on the weekly charts and my last 2 trades the pins never broke so things have been slow on that front

well its that time of the night 9pm london time except i am in Los Angeles which feels a bit wired been 1pm for the gap trade

lets see if we get any gaps on the open so we cant play the gap close
 
pocrel said:
been a poor week for me trading, lack of discipline cost me let the profits run is all i can say

anyway not alot of swing trades around canr see anything on the weekly charts and my last 2 trades the pins never broke so things have been slow on that front

well its that time of the night 9pm london time except i am in Los Angeles which feels a bit wired been 1pm for the gap trade

lets see if we get any gaps on the open so we cant play the gap close
Click to expand...

EURUSD is opening up higher. Exactly the same levels as before. I think i'm gonna sell it and aim for a lot lower this time...
 
brettus said:
EURUSD is opening up higher. Exactly the same levels as before. I think i'm gonna sell it and aim for a lot lower this time...
Click to expand...

how do you know where the euro is opening where are you getting the info mate?

did you see the trades last week? they went along way

i will be in heavy tonight if we gap either way
 
pocrel said:
how do you know where the euro is opening where are you getting the info mate?

did you see the trades last week? they went along way

i will be in heavy tonight if we gap either way
Click to expand...

I think it traded 1.4 already. There's not much we can do. dailyfx.com, fxproalert.com..
 
ok short both the aud/usd and eur/usd here, 30 point stop 30 point target on them both

have you taken anything mate?
 
pocrel said:
ok short both the aud/usd and eur/usd here, 30 point stop 30 point target on them both

have you taken anything mate?
Click to expand...

Short AUDUSD, missed EURUSD, i put in an order at 1.3998 to sell, gonna cancel that soon. I should have just sold it anyway...Where is your target? Where did you sell?
 
brettus said:
Short AUDUSD, missed EURUSD, i put in an order at 1.3998 to sell, gonna cancel that soon. I should have just sold it anyway...Where is your target? Where did you sell?
Click to expand...

sold aud/usd 9859 stop 9889 target 9828

sold eur/usd 13978 target is 13952 stop 14008

already closed 1/2 eur/usd for +19 points (as i am in so heavy quick profit) :)

shame you missed that might get another bit at it
 
closed outer half of eur/usd for +19

aud/usd coming back lets hope it breaks down mate
 
pocrel said:
closed outer half of eur/usd for +19

aud/usd coming back lets hope it breaks down mate
Click to expand...



have taken +10 on aud/usd 1/2 my positon off

leaving the rest run move my stop to the high 9878

gap closed complet on eur/usd


goo aussie
 
brettus said:
go on the aussie!!
Click to expand...



all out for +18 on the other half as i need to shoot out ofr a few beers and cant watch the position

but it was a nice little profit tonight

so +19 on eur/usd full size

half +10 on aussie and +18 on the other half

gap still needs to close on aud/usd

hope you made some money brett no need to sleep on it, ideally we want the gap to close before 11pm otherwise we might get a bounce

:clap:
 
gap just closed on aud/usd

so if you stayed in for the whole thing

+29

and eur/usd

+28


easy money on a sunday night

you out brettus?
 
brettus said:
Yea mate. I'm out. Not bad for a non work day.
Click to expand...


in Marbella on hols next week for the sunday night so dont think i will be able to trade the GAP if it happens

shame as it is so profitable :cheesy:
 
usd/jpy is starting to look interesting on the montly chart

we have a 3 drives pattern

abcd completion at the 1.27 extension

previous major support within in range (as its a montly chart its never exact)

rsi showing divergence (falling bottoms, rising bottoms on the rsi)

you could just buy now (stop below the monthly low)

or wait for a chart pattern to get in

i will look at the weekly and daily for an entry ideally a pin bar break to go long

993.gif
 
pocrel said:
usd/jpy is starting to look interesting on the montly chart

we have a 3 drives pattern

abcd completion at the 1.27 extension

previous major support within in range (as its a montly chart its never exact)

rsi showing divergence (falling bottoms, rising bottoms on the rsi)

you could just buy now (stop below the monthly low)

or wait for a chart pattern to get in

i will look at the weekly and daily for an entry ideally a pin bar break to go long

View attachment 94706
Click to expand...

2 different areas i have drawn the pattern and both are saying the same thing

you have to be a buyer down here at these levels

992.gif
 

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