TL breakout + retest - Page 62

mphpopular · #**611** (**permalink**) 09-22-2009, 10:49 AM

Quote:

Originally Posted by rajiga

hi mphpopular,

I had a channel on this chart which was broken downside. I thought it would go down and placed a SELL order. But, suddenly it went NORTH.

Could you please tell me is there anything wrong which i did in this attached chart.

Also, please send me the indicator that you kept on your chart (trend direction indicator).

Raja

Cant see your attachment. Btw here is the indy.

mphpopular · #**612** (**permalink**) 09-22-2009, 10:52 AM

Somehow, it is a NZD pair. I guess it started to pick up his way to NORTH since the news is out.

Attached Img

rajiga · #**613** (**permalink**) 09-22-2009, 02:43 PM

Thank you.

I missed that news and lost few pips. Lessons Learned.

Raja

rajiga · #**614** (**permalink**) 09-23-2009, 08:10 PM

Hi

Here is a Good Trendline Breakout on GBPJPY-H4 Chart.

TP - 157.252
SL - 148.985

Raja

mphpopular · #**615** (**permalink**) 09-24-2009, 04:10 AM

Even myself still practicing how to trade a TL hold.

GJ
1)
Take Long @ break of green TL
TP @ blue channel UTL
2)
Take Short @ blue channel UTL (reverse position of 1)
TP @ green TL

EJ
Short @ 3rd touch on the Green TL

EurAud
Long at the touch of BLUE TL