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Attachments: Trend Trading Chart Thread
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Trend Trading Chart Thread

Hi everyone, the pin bar in UC come a day late.. anyone taking the trade? I'm in @ 1.0630
yep i was in at 1.6

i also decided to go long on a/u based on 50% retrace and the 90 area being decent support
Hi all,

Yes it was a day later than expected but I am in short U/C. I am also in with Supermatt, long on AUD/USD.

Regards,

Dan
Quoting DanUK
Hi all,

Yes it was a day later than expected but I am in short U/C. I am also in with Supermatt, long on AUD/USD.

Regards,

Dan
Hi all.
Ditto here. Short U/C from 1.06 and long ozzie from 89.50.
Any thoughts on U/J? PA around confluence of support (upward daily TL) , 50% fibo and round no. 90.0? My only concern is main trend is down so a long trade would be counter trend and still not clear which way market wants to take this sucker.
cheers
Mitch
Quoting MitchOZ
Hi all.
Ditto here. Short U/C from 1.06 and long ozzie from 89.50.
Any thoughts on U/J? PA around confluence of support (upward daily TL) , 50% fibo and round no. 90.0? My only concern is main trend is down so a long trade would be counter trend and still not clear which way market wants to take this sucker.
cheers
Mitch
Which daily TL? I don't see up TL on D1. Be careful, i think the daily trend and h4 trend is down and there is 50%Fibo @90.5 possible for a move down.
sorry forget to attach a chart
forget to click upload haha
Attached Image (click to enlarge)
Click to Enlarge Name: trade4 h4 print.gif Size: 25 KB
Quoting MitchOZ
Hi all.
Ditto here. Short U/C from 1.06 and long ozzie from 89.50.
Any thoughts on U/J? PA around confluence of support (upward daily TL) , 50% fibo and round no. 90.0? My only concern is main trend is down so a long trade would be counter trend and still not clear which way market wants to take this sucker.
cheers
Mitch
Hi Mitch,

I can see where you have your 50% level but as far as I can see the trend is down. My preference is a short... my chart is showing a H4 pin bar (bearish pin) forming... so I may be in it in the next 30 mins or so!

Regards,

Dan

PS... If you have a chart please post it as it may help to clarify your position.
Quoting DanUK
Hi Mitch,

I can see where you have your 50% level but as far as I can see the trend is down. My preference is a short... my chart is showing a H4 pin bar (bearish pin) forming... so I may be in it in the next 30 mins or so!

Regards,

Dan

PS... If you have a chart please post it as it may help to clarify your position.
Sorry guys....still haven't figured how to upload chats (techno challenged).
Yes, my pref is also short hence my comment re any long trade being risky countertrend. Sorry for the confusion re my TL ref...I was actually referring to a support line drawn from low (Nov 26) up to recent congestion and horizontal support level of 89.8 ish (I hope this makes sense..). So Dan, I agree PA on H4 may provide the final piece to this puzzle. ...time will tell.
Your view on swissy? recently spiked thru daily TL and horizontal SR at around 1.05? Poss short candidate...what do you think?
cheers Mitch
Quoting MitchOZ
Sorry guys....still haven't figured how to upload chats (techno challenged).
Yes, my pref is also short hence my comment re any long trade being risky countertrend. Sorry for the confusion re my TL ref...I was actually referring to a support line drawn from low (Nov 26) up to recent congestion and horizontal support level of 89.8 ish (I hope this makes sense..). So Dan, I agree PA on H4 may provide the final piece to this puzzle. ...time will tell.
Your view on swissy? recently spiked thru daily TL and horizontal SR at around 1.05? Poss...
My main concern with swissy is that she has recently made a higher low and broken the primary daily trendline I have been watching - both signs of a reversal. However, price is currently at an interesting level... if we get some kind of bearish price action (pin bar, engulfing bar etc) I may try a short. If we break upwards though I will be considering a long position.

Regards,

Dan
Quoting MitchOZ
Sorry guys....still haven't figured how to upload chats ...
cheers Mitch
To Post a Chart...

Hey Mitch,
This post may help you...

http://www.forexfactory.com/showpost...stcount=183102

hth.
BMc
a chart on why you guys went long on audusd?

Quoting DanUK
Hi all,

Yes it was a day later than expected but I am in short U/C. I am also in with Supermatt, long on AUD/USD.

Regards,

Dan
I have already taken a buy usd/chf at 1.0450 at break even i thought the break of the daily trend line and decent support around the 1.0400 area gave me a decent buy signal a bit risky considering there has been a bit of resistance roundabout the 1.0500 area not to sure about usd/cad yet keeps hovering about the daily trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: swrrry55.jpg Size: 138 KB
Quoting coolshades
a chart on why you guys went long on audusd?
Hi Coolshades,

It was a last ditch attempt for a long (unless we get a major rejection now!). General trend is up, support at 0.8900 (as per the first chart).

I decided to pull my stop to breakeven after we got an H4 pin bar rejecting the old trendline (chart two). I will now be looking for price to break lower and will then favour shorts!

Regards,

Dan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU_1_2010-01-28.png Size: 31 KB
Click to Enlarge Name: AU_2_2010-01-28.png Size: 36 KB
from purely a fundamental point of view i am wondering if its worth shorting the $ anymore?


i exited my audusd trade for 30 pips. wasnt comfortable anymore. my usdcad is still open. i could not close it in time. lets see.

cr - i think you did right in going long on usdchf. well, i wrote that and then i looked at divergence. lately i have been taking divergence trades to very good effect.


Quoting DanUK
Hi Coolshades,

It was a last ditch attempt for a long (unless we get a major rejection now!). General trend is up, support at 0.8900 (as per the first chart).

I decided to pull my stop to breakeven after we got an H4 pin bar rejecting the old trendline (chart two). I will now be looking for price to break lower and will then favour shorts!

Regards,

Dan
I went short on USDCAD as based on the candle reversal signals and M fornmation on H4 at resistance level ....I was wonderig if you has shorted this yet?

Quoting DanUK
Looks like it's decision time for USD/CAD... if the day closes as a "pin bar" I will be shorting!
dear mktscape, its not a bad idea to read up the new posts since your last visit to a thread.

Quoting MktScape
I went short on USDCAD as based on the candle reversal signals and M fornmation on H4 at resistance level ....I was wonderig if you has shorted this yet?
Hey Coolshades, (i like you nick)
I did skimmed the postes but couldnt seem to find it (probably becuase i was in a haste)...anyways ...thanks for the reminder ..........by the way i tend to peek into the forum from my office so i dont have the comfort level to read every post throughly (as i dont want anyone to be walking in on me while on FOREXFACTORY ...i can only skim until I reach home ...

Quoting coolshades
dear mktscape, its not a bad idea to read up the new posts since your last visit to a thread.
dan placed his entry on pin bar.


Quoting MktScape
Hey Coolshades, (i like you nick)
I did skimmed the postes but couldnt seem to find it (probably becuase i was in a haste)...anyways ...thanks for the reminder ..........by the way i tend to peek into the forum from my office so i dont have the comfort level to read every post throughly (as i dont want anyone to be walking in on me while on FOREXFACTORY ...i can only skim until I reach home ...
Quoting Bemac
To Post a Chart...

Hey Mitch,
This post may help you...

http://www.forexfactory.com/showpost...stcount=183102

hth.
BMc
Thanks champ. Will have a go next week as I am off for an early long weekend interstate for my sister in laws 50th.
Update on my trades....I also pulled my ozzie SL to B/E but my U/J short is travelling OK (entry 90.5). Next test will be 50% fibo level at 89 level (prev low)....if it bounces, we could find UJ moves in a range as it hasn't been able to break 90.5 level (has tried 4 x since 22 Jan).
Anyway, have a great w/e all. Catch you next week. Good trading
cheers
Mitch
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