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thanks guys for participating....Baron should give all of us an expensive gift :D

you are right but how will the trap work? a shakeout move down? if you are long eurusd STAY LONG....before any big move the shakeout will come

the charts i posted 4H and 5 min show that break out is imminent but a 40 pip move down in eurusd will not change anything and that is indicated by 5 min technicals

unfortunately not many post charts.....but i posted the 4 hourly ...it looks like a bottom in the eur usd.....but breakouts are extremely fickle and it may pullback if does then my short will make money....see 5 min chart which i posted, it shows negative divergence...i hope you do learn something

you sound like Brooks....according to him...there are trades every 5 min ....i caught all of them ...only problem in 10 years i blew 50 accounts...maybe more...so ...i appreciate what you are saying but once bitten twice shy

this is the 5 min negative divergence target may be the wedge trend line at least that is what i am hoping for

this is the 4 hourly chart a very interesting chart showing a breakout from a wedge [bottom?] after positive momentum divergence so you are right may not be a short in the longer time frames

yes that is wonderful set up trading requires a great deal of patience...but when your 61 years:D .....you are looking for fun not a great deal of money......

yes i could...and should that is a sensible idea thanks:thumbsup:

thanks for posting a chart.. is there not momentum divergence on your chart. this is a pull back on the hourly and a wedge shape

good question the upward momentum was dying.....but you still cannot catch the top.....[or bottom]....but there is huge risk reward in this trade.....the danger is,as with all things dying, is that it will fight for it's life so sometimes after 'dying', there is a last blast upwards that happens...

it was supposed to start when i sold :D but...it started a little later see this chart

after trading brooks for ten years and losing ...i am now a little choosy..till i am profitable this is not a tried and tested strategy...testing is just started...but appreciate your insights.....can you mention one of those other technical trades so i will know your way of thinking

yes you were right...it was terrible entry....but my reading was there would not be a huge breakout ....but i was trading a lower high

it may be just starting hopefully at least..i mean momentum down

i am short

this is the first trade.

what does this stand for?

if i am consistently profitable i will post in my journal