Spotted a small triangle on the EURUSD.
Formed since yesterday 7th Sept, with a max range of 40pips from the highest to lowest point of the triangle.
It could be part of a breakout - consolidation/pullback - continuation move.
I will be watching whichever way it goes, ideally since I’m short on the GBPJPY, I’d like to go long on the EURUSD.
Explainations on the charts.

September 8, 2009
Posted by ferrowolf |
Uncategorized | 1-2-3, breakout-consolidation/pullback-continuation, EURUSD, symmetrical triangle |
1 Comment
A bit of overtrading today I think.
Anyway, here’s the low down.
3 trades taken on the GBPUSD, one of which is still open.
basically trying to capture an upward move together with the larger trend.
there’s a longer term setup on the daily to the upside as well.
1 trade taken on the EURJPY.
Entry from1hr charts, false break and series of candlesticks which are actually a symmetrical triangle on the smaller timeframes.
Chart attached shows 15min just to clearly show the consolidation.
Been waiting to go long with the larger daily trend, but no clear entry, however, there was an entry to the downside for a quick trade.
However, I got scared out of it near breakeven..=/
Seriously gotta stop jumping out of trades for no good reason..missing out on good profits.



August 21, 2009
Posted by ferrowolf |
Uncategorized | EURJPY, false breakout, GBPUSD, Inside bar, symmetrical triangle |
1 Comment