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Another trendline breakout pullback trade, and I think it's enough of them for today. :D http://www.cornixforex.com/2012/02/another-trendline-breakout-pullback-trade/ Overall it's a scalping day for me today, no really running swings.

...and another trade of the same kind, also very clear. Euro is rich for those today. http://www.cornixforex.com/2012/02/another-trendline-breakout-pullback-setup/

Trendline breakout retest setup just occurred in the Euro: http://www.cornixforex.com/2012/02/trendline-breakout-re-test-setup/

News from Greece confirmed the technical picture so far. But of course early to tell the real game plan yet, until European traders wake up to trade and then guys across the pond join them. :) http://www.cornixforex.com/2012/02/eurusd-gapped-up-on-news-that-greece-passed-austerity-bill/

Here is how I see the tone for the next week based on how EURUSD closed on Friday: http://www.cornixforex.com/2012/02/daily-eurusd-settled-on-the-trendline/

I think Xspurt could be able to better explain the "full of bots" environment as it's his thread and he has more experience in explaining those nuances in his own way. I post charts with my own explanations in my journal, because despite my trading is much of a derivative of what Xspurt...

I meant that one could be stopped out break-even if moved the stop-loss to that point. Obviously not mandatory for any trader, I simply judged from my personal point of view, which is to move stop-loss to break-even as soon as possible, because good trades go in the money quickly as a rule and...

Yes and some of my buddy traders went long right there a bit before me, but I waited till after ECB rates because Oanda tends to widen the spread around big news and it was dangerous to enter with tight stop.

Ha, yea, we definitely took some money from the pockets of those bots owners. :D

It happened so, that I always was better with reversals for some reason and catching minor retraces never was my strong side. That developed a set of conditions I usually watch for to avoid poor with the trend entries. One of those conditions is to be very suspicious about taking a with...

Today's pre-rates EURUSD action was surely full of bots. :) Can be more or less seen by the price action.

Thank you, NoD. I fully agree with you. It's probably even harder to learn anything from live calls than from setups discussed after the fact, unless preceding price action is discussed before the actual call is made. But that is nearly impossible to do on a forum (regarding day trading at...

Your welcome. :) Some people complain that these charts are posted not "realtime" in the form of calls etc. But my deep belief is learning to see good setups yourself is much more valuable than just receiving calls from someone. So I post charts, which show "textbook" setups of nearly...

Another case of beautiful 1-2-3 reversal pattern at work: http://www.cornixforex.com/2012/02/classic-1-2-3-reversal-pattern-in-good-context/

Long side fun continues. :) This is a perfect example of how context can seriously increase odds of success and potential of the trade. http://www.cornixforex.com/2012/02/good-retracement-entry-within-the-bigger-context/

I was stopped out for 50 pips, but nevertheless a good example of nearly 1:10 risk/reward trade. Daily is bullish so yes, I think it may go further up. But that's just an observation now, not backed with the buck. :)

Almost bailed it for 20 pips when it reached the previously broken 1H trendline, but didn't give a signal so stayed for a while and then boom! :D That's the case with reversals, sometimes you pick the real big one, especially when with the daily picture as it was today (daily is kind of a...

Backside of trendline (BSOT) reversal setup. I started with these back in March 2008, when just began to trade the Euro. :) http://www.cornixforex.com/2012/02/back-side-of-trendline-bsot-trade/

Thanks.

Good example of so called "trader's trick" entry into the breakout trade. Price action sometimes gives earlier clues to jump onboard a bit before the actual breakout takes place. This time it saved the trade which otherwise would be a breakeven one...