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intraday trading setups using trendlines and RSI only

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  • #16
    so nzdusd hasent really moved since spiking up just above the trendline, i am still short as per the prices above, and the link in post #1
    i just noted positive divergence on the hourly chart, wonder whats going on here then

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    • #17
      short audusd audjpy eurusd nzdusd @ market

      http://pipstealer.mt4stats.com

      looking to get out with small profits, 20pips or so, TP/SL are wide for broker purposes, i never use real Sl/TP on intraday trades, i manually close out when i hit 20 odd pips.

      will post charts soon

      breakeven on eurusd
      Last edited by syk1kz; 13-08-10, 09:55.

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      • #18
        take 15pips on audusd / nzdusd = 30pips
        take 20pips audjpy = 50pips total

        see above link for stats

        see u for mondays intraday trades

        see other thread sunday for weekly chart setups

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        • #19
          entering another short audusd, see pic, note the rally which couldnt really perform, remember this is intraday trading and M15 is widely considered the intraday chart, if you don't believe me i suggest you use your favourite search engine and search intraday trading time frame



          same deal as before, looking for 15-20pips and bail out

          stoploss will be 89800 making it a 1:1 riskreward in this case, i know i broke my own rule

          tp 89420 = 20/20 or 1:1, from my entry atleast

          http://pipstealer.mt4stats.com
          Last edited by syk1kz; 13-08-10, 15:40.

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          • #20
            looks like audusd not so sure about breaking through 89500 level

            moving stop to BE since it peaked at 13 pips or so
            Last edited by syk1kz; 13-08-10, 15:50.

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            • #21
              well im out, this trades currently +8 pips so it either costs nothing and wasent a loss, or we take home 20pips

              speak later

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              • #22
                audusd still floating odly enough, only just though, 5 pips or so now but i will let it go through to the wicket keeper or to take profit, im not worried, i was only interested in making back some of those lost pips from the previous losses.

                this trade had bascially zero drawdown and went through to 13pips or so within only a few mins, but the entry could of been better, i was late and kind of forced it a little bit.

                live and learn

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                • #23



                  H1 chart without the top line drawn on the m15, the bottom line is the same on both charts, i would expect a bounce up at some stage, probably to the top line drawn on the hourly, i expect the m15 top trendline to get ignored pretty much, it was only drawn because of a few long wicks

                  Last edited by syk1kz; 13-08-10, 18:00.

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                  • #24
                    my bad thats a 4hourly, makes for an even stronger case though

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                    • #25
                      and just as i say that the price hits the floor, and is atleast thinking about breaking through really hard

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                      • #26
                        Do you only post in here? have a blog or something? Nice work

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                        • #27
                          here for now

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                          • #28
                            if anybody would like to donate some time and put one online somewhere, i am sure we can come to some sort or agreement when it comes to posting setups.

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                            • #29
                              NZDUSD testing its low from last week, forgot to mention this when posting the chart

                              Last edited by syk1kz; 15-08-10, 23:02.

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                              • #30

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