Advanced strategy #10(Trend Line Trading Strategy) - ENJOY !

[simpleforex]

support turned resistance scenario...possible short trade. watch for the test of the yellow line.

[simpleforex]

ANOTHER POSSIBLE SHORT TRADE SETUP MIGHT BE HAPPENING HERE. PRICE MIGHT RETEST THIS BROKEN TRENDLINE AND FALL WHICH WOULD PROABABLY COINCIDE WITH A SUPPORT TURNED RESISTANCE. i took a short trade on the trendline trading strategy as per the previous and got stopped out. might get in on this one. wait and see.
cheers

[simpleforex]

GBPUSD...WHERE IS IT GOING TO GO? UP OR DOWN?

LOOKING AT THIS WEEK SO FAR, GBP PAIRS HAV BEEN UNDER THE HAMMER, EVEN THOUGH IT HAS BOUCNED OFF 4HR TRENDLINE UPWARD, IM REALLY BEARISH ON THIS PAIR. IM JUST GOING FOR A SELL STOP ORDER UNDER THE LOW OF THE 4HR CANDLE THAT BOUCHED OFF THE TRENDLINE.BESIDES, I ALREADY HAVE A SHORT ORDER CURRENLY RUNNING PROFITABLY IN GBPJPY DONT WANT TO PUT AN OPPOSING ORDER ON ANY GBP PAIR AT THIS STAGE.

[simpleforex]

TRADE UPDATES...

GBPUSD, DID NOT BREAK BELOW THE TL...IS DOING A GOOD MOVE UPWARD.

[simpleforex]

the gbpjpy trade i took on the previous post, its still going good. moved stop loss to lock in profit.need to pay attention to the upward trendline. there might be a bounce off from there. break of this trendline would mean further downward move on this pair.if there is a bounce, at least i would have locked in some profits and i would also watch to see if i can get in on that upward move when it bounces off that upward trendline.

[simpleforex]

JUST WENT SHORT THIS AFTERNOON ON EURUSD PAIR. I JUST WANTED TO CONFIRM IF THERE WAS GOING TO BE A BOUNCE BACK DOWN OFF THE PREVIOUS SUPPORT LEVEL (BROKEN) WHICH IS NOW ACTING AS A RESISTANCE LEVEL. WITH AN INSIDE BAR FORMING ON THE 1HR TF IN THAT LEVEL, I PLACED A SELL STOP ORDER JUST UNDER THE LOW OF THE 1HR INSIDE BAR CANDLE. AS OF WRITING THIS, I JUST NOTICED THAT THE STOP ORDER JUST GOT ACTIVATED. WILL CHECK 2MORO AND SEE HOW THIS TRADE GOES.

REGARDS

[simpleforex]

got stopped out on the eurusd trade but eurusd headed back down in a huge move off the downward trendline.i wasnt around to take that trade.

[simpleforex]

USDCHF has bounced off the suppport back up the downward trendline. i have moved my stop loss to break even. there is a short setup on that downward trendline. will check next week for a chance to enter.

[simpleforex]

The gbpjpy trade i took is going beautifully,234 pips so far at close of market.
will nid to bring my stop loss to just above the red line incase of of an upward bounce off the upward trendline and this can eat into my profits.you will never go broke taking a profit they say...watch for an opportunity to short also at the red line level if there is a upward bounce off the trendline.

[simpleforex]

eurcad, watch this pair nxt wk and see, there might be an opportunity presented to go short.