Well Done C.
The Ever Tipping The Hat VIPER
While I am not disagreeing that this particular trend on the weekly chart was not âperfectâ, it is impossible to find the perfect trend - if you zoom in to smaller and smaller time frames youâre going to find exceptions within the dominant trend. @TradeViper, I am sure that there is validity to what you are saying, but I have not yet had time to investigate your methods and examples. Tomorrow while the kids are at school, I will try to give it a shot. I need âquietâ to learn new concepts, and though I may be able to put up a post or two with kids underfeet - that is no time to learn. My reality is trying to learn, trying to make good decisions, trying to make profit, in between doing homework with kids, cooking meals, cleaning, etc. And on the days I donât have them, I work 12 hours + commute.
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My mentor pointed out this trade (although he is more disciplined than I and probably wonât enter it unless it gets a 50% retracement), but I agree with the overall assessment and I decided to take it. Sell on EurAud. Target 1:2 minimum. Will try to get 1:3 or more, but I got in to this trade late and it didnât retrace back to the 50% point. (At least not yet, and I looked at the hourly and 4hr charts, in my opinion it doesnât look like it will make it back up that far due to bearish pressure). This is one of those trades I mentioned keeping an eye on last Friday, and it took off. Wish I could have had a better entry, but still feel pretty confident about getting a decent move off of it. Weâll see what happensâŚ
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Oh rats, now I feel kinda bad and wonât sleep toninght, seriously, CC, Iâm sorry and did not intend to cause any disturbance, or hard feelings, or irritation. Now with that having been said you really donât have to respond until you have the time etc, really you donât have to respond at all hehehehehe. Iâm not Professor VIPER in the movie, âThe Trading Chaseâ, just a guy trying to help.
Please donât think I am trying to convince you, or that you have change anything. The whole point of my posts was to save you money, and try to get you to hit the brakes a bit and consider that just maybe following a long trending plan might not be the best way at this time.
The Ever Chow For Now VIPER
No worries, thatâs not what I meant at all. I am just saying that I would like to fully consider and take in what youâre saying, but I need the free time to focus - and that is in short supply.
Saw this trade possibility on another forum, what say you all? Broken trendline on daily chart, at resistanceâŚlooks promising to me. Iâm thinking of entering if it breaks the low of that bull candle from yesterday.
UPDATE: actually, if it breaks the low AND comes back up and retests the support as resistance, then I would look for a signal.
Another trade possibility (again, not mine - I donât like to take credit when others are the ones who spotted it - but it doesnât hurt to share). We have previous support being tested as resistance. And an inside day candle set up, so, if todayâs candle breaks the low of yesterdayâs inside candle - we are likely to see a bearish move.
Regarding that EURAUD (I never trade this so donât take these comments seriously):
My short term method (4H) does show vulnerability to the downside but 2 things would concern me at this stage:
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on the daily, it managed to close under that 1.5000 level 2 days ago but then closed back above it yesterday and is now struggling to press it from above. That is a big Pycho Support number and I would prefer to see it close again under it on the daily to confirm the down side.
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I am looking at the series of recent HHs and the even longer series of HLs, stretching back to Feb through July, Sept and most recent - that looks like a strong upward support trendline to me and I would have preferred to see that broken first as well?
But these are just comments, I donât ever trade this pair, so take that pinch of saltâŚ
I thought I might add that 4H chart here. This is not a âtradingâ chart. I just use it to help identify current overall directions. If that 1.5000 level breaks then it does seem we will head straight towards at least 1.4950. But I still have that âifââŚoh, and sorry for contaminating your thread with some MAâs (help, choke, Iâm being strangledâŚpoor old Simple_Simple, he was ok really, just a bit, well, simple⌠
)
Simon,
Your feedback is much appreciated! Donât ever worry about posting here. And I think youâve made some great points. By the way, I do use MAâs as dynamic s/r - so youâre not polluting anything 
Did you happen to see my earlier post about trendlines and how Iâm never quite sure if Iâm doing them correctly? Cause see, hereâs how I could interpret it (not saying your way is wrong) - I just really donât know! But hereâs my example:
Another possible interpretation, I always notice that when breaking through s/r levels or trendlines - we tend to see big strong candles busting through ( or price stops right at the level and picks up again as if on the other side )âŚdo you know what I mean?
I thought this was pretty interestingâŚ
If we disregard the previous trendlines entirely and look at this like a bearish ascending wedge, that is a good sign - however not in the clear until a break out of the wedge occurs.
ooh, and a double top patternâŚi love forex <3 so much to piece together, like a constantly moving puzzle, lolâŚ
huh! 
what then
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Shhhh! It means Iâm on the Christmas card list!
Wedges, boxes, triangles, channels, double & triple tops/bottoms, regression, retracesâŚthe list goes on.
âŚAnalysis Paralysis
Keep it simple and trade price - I hesitate to mention that most of the names given to silly patterns are also marketing tools for attracting new âwant to beâ traders into the market. Sure these patterns hold up sometimes; anyone can curve-fit data to make an exception to the general rule - patterns are the result of price, they donât drive future price [a subtle but important difference when trying to establish a potential trade because of a lagging pattern]
No disrespect intended to anyone who attempts to trade such patterns, but with experience there comes a time when the penny drops; nothing wrong with trend lines, but patterns, well, good luck - take that as you will.
Whatâs next - the inverted âHead and Shouldersâ or âthe man with a third legâ 
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Iâm not trading based on patterns, alone. But if I already make a decision and these things are also popping out at me, itâs just a little extra confirmation in my mind. I know nothing is 100%, ever.
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Closed out EA for a very small profit, since it is looking rather bullish at the moment. Maybe I can get a better entry on this SELL trade that I was attempting.
Hello, maybe a look at the hourly, and a short entry at .7162 ish.
The Ever Fascinated VIPER
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