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Confirming Trendline breaks, chart patterns and other breakouts. 2 replies

Breakouts 3 replies

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Trendline breakouts

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  • Post# 21
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  • Mar 2, 2010 4:00am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
EURUSD hourly chart update, into the downtrend, hoping it can develop further.
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  • Post# 22
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  • Mar 2, 2010 7:00am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
EURUSD downtrend got to as low of 1.3434. Right now is on another TL breakout, so we'd focus on longs after the hourly candle closed above the downtrend line.
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  • Post# 23
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  • Mar 2, 2010 7:03am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
Cable 60 min chart update, failed downside break, now consolidating sideways.
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  • Post# 24
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  • Mar 2, 2010 8:45am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
We had a high print of 1.3595 for eurusd....
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  • Post# 25
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  • Mar 2, 2010 11:02am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
A selloff after the US equity session open provided entry into the trend for eurusd.
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  • Post# 26
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  • Mar 2, 2010 11:02am
  • shr5
    Joined Feb 2009 | 549 Posts | Status: Member
Quoting emacro
We had a high print of 1.3595 for eurusd....
sorry for being a lil bit slow but what does "high print" mean technically? thanks in advance

Regards

Ali
  • Post# 27
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  • Mar 2, 2010 11:06am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
Quoting shr5
sorry for being a lil bit slow but what does "high print" mean technically? thanks in advance

Regards

Ali
There's no such thing as a stupid question...

Means high price quoted. In the old days of stock markets, the prices came over in ticker tape. Prices were printed onto rolling tape, hence if the trade was done at the high, hence the word 'high print'
  • Post# 28
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  • Mar 2, 2010 8:23pm
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
EURUSD 60 min trend has been up since the trendline break last night...
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  • Post# 29
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  • Mar 2, 2010 8:25pm
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
GBPUSD, watching the trendline....
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  • Post# 30
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  • Mar 3, 2010 8:34am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
eurusd trend is still up, but there is an uptrend line now...
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  • Post# 31
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  • Mar 3, 2010 9:55am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
Cable, classic breakout of TL retrace to retest and go again... Will Sterling Yen do the same? Dailyfx seem to think so..
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  • Post# 32
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  • Mar 3, 2010 10:19am
  • DonDoggy
    Joined Jan 2010 | 70 Posts | Status: Member
Price found support @ 1,344 and trendline is broken.
i Think we will see a bullish move next days.
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  • Post# 33
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  • Mar 3, 2010 2:12pm
  • yab
    Joined Aug 2006 | 76 Posts | Status: Member
can anybody tell me if their is a charting what can show me the degree of a trend line
  • Post# 34
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  • Mar 3, 2010 8:43pm
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
eurusd and gbpusd 60 min charts, the trend is developing well...
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  • Post# 35
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  • Mar 3, 2010 11:10pm
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
Quoting yab
can anybody tell me if their is a charting what can show me the degree of a trend line
Not too sure about that.
  • Post# 36
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  • Mar 4, 2010 2:58am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
eurusd the last hourly candle has crossed the trendline... Focussing on shorts.
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  • Post# 37
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  • Mar 4, 2010 6:29am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
Bias on 60 min timeframe is still down, governed by the downward sloping trend line...
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  • Post# 38
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  • Mar 4, 2010 10:19am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
The downtrend in eurusd is developing, so this trendline break was a valid one..
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  • Post# 39
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  • Mar 4, 2010 10:27am
  • emacro
    Joined May 2007 | 631 Posts | Status: Member
The 5 min trendline break can be used to time entry, given the short bias.
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  • Post# 40
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  • Mar 4, 2010 4:21pm
  • highroller
    Joined Oct 2008 | 147 Posts | Status: Member
Quoting yab
can anybody tell me if their is a charting what can show me the degree of a trend line
in mt4 platform, select Insert/Lines/Trendline by Angle


cheers

HR
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The trend is your only friend
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