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Chart Discussion

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  • What Time Frame do you usually trade ?More than one answer can be picked
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  • #1
  • First Post: Edited Feb 26, 2012 3:01pm Dec 2, 2011 11:10pm | Edited Feb 26, 2012 3:01pm
I'd like to use this thread to comment, answer, ask, explain or debate in a healthy way your charts or those posted at Backing Trades Thru Charts . Anybody is welcome.
  • #2
  • Dec 2, 2011 11:37pm Dec 2, 2011 11:37pm
Quoting andrew93
TheLastCoke, longshot_nl I admire your work. I will post from time to time if you don't mind.

Aud/Usd below. Way too early to call it Gartley, but l'll be watching it whatever way price gets there.
AUD/USD I like the fact that lower triangle TL can be in confluence with 88% fib, the B point at 61% and upper TL can also be in confluence with D point at 78% Fib but the mandatory AB=CD would have its D point 60 Pips above TL.

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  • #3
  • Dec 2, 2011 11:45pm Dec 2, 2011 11:45pm
Quoting longshot_nl
big spike in volume.
We'll see..
There was indeed a bigger volume at previous low but notice how in your chart a new LL was made and no volume was present, this was an indication of a possible continuation.
  • #4
  • Dec 2, 2011 11:56pm Dec 2, 2011 11:56pm
Quoting TheLastCoke
EUR/USD Approaching entry

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Quoting TheLastCoke
EUR/USD Rejection to the pip, a significant retracement at this point may void our setup

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EUR/USD This setup was cancelled for several reasons: There was a retracement at channel UTL which makes this channel a valid pattern, its break can lead to a Bullish rally, notice how current PA is simmilar to previous Descending channel that in fact its break resulted in a 750 pip move. Keep in mind that I am not holding any position at the moment but I would trade the upward channel break.

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  • #5
  • Dec 3, 2011 7:11am Dec 3, 2011 7:11am
Quoting TheLastCoke
AUD/USD I like the fact that lower triangle TL can be in confluence with 88% fib, the B point at 61% and upper TL can also be in confluence with D point at 78% Fib but the mandatory AB=CD would have its D point 60 Pips above TL.
Quoting TheLastCoke
I like it, but I prefer when C point is either 88.6 or 38.2. Remember it is not a pattern until D point is met.

I see you are strict about about BC retracement at 0.382 OR 0.886. From what I understood reading Carney, 0.382-0.886 is a possible range rather. In aud/usd example if C at 0.707 than AB=CD exactly at 0.786 of XA.

I know your approach works, can't say about the other as I don't watch them that long. Thanks for your opinion on it.
  • #6
  • Dec 3, 2011 7:58am Dec 3, 2011 7:58am
Quoting andrew93
I see you are strict about about BC retracement at 0.382 OR 0.886. From what I understood reading Carney, 0.382-0.886 is a possible range rather. In aud/usd example if C at 0.707 than AB=CD exactly at 0.786 of XA.

I know your approach works, can't say about the other as I don't watch them that long. Thanks for your opinion on it.
You are right about a range but in this particular case AB=CD D point is beyond TL (when C at 88%), kind of a mix signal, you will have an UTL break but shorting the pair. Also 60 pip range is a bit out of my taste. Any way, as you say we need C to discuss D. Let's see what's gonna happend.
  • #7
  • Dec 4, 2011 1:54pm Dec 4, 2011 1:54pm
good idear a new thread for discussions.
will be posting here..

bat in silver got a bad right wing...
I am looking to buy silver somewhere for a long term trade.
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  • #8
  • Dec 4, 2011 2:05pm Dec 4, 2011 2:05pm
Quoting longshot_nl
good idear a new thread for discussions.
will be posting here..

bat in silver got a bad right wing...
I am looking to buy silver somewhere for a long term trade.
Hope it gets to D! GL
  • #9
  • Dec 6, 2011 12:39pm Dec 6, 2011 12:39pm
Quoting TheLastCoke
EUR/CAD Hello LS, nothing really strong but I know you are watching this pair.

Attachment
EUR/CAD Level Broken and showed a text book example of Support becoming Resistance.

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  • #10
  • Dec 6, 2011 12:45pm Dec 6, 2011 12:45pm
Quoting TheLastCoke
Cad/chf

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CAD/CHF Broke range with a clear HH and Ocillators are showing bearish divergences
  • #11
  • Dec 8, 2011 7:02pm Dec 8, 2011 7:02pm
Quoting shuangwoo
EUR/AUD Weekly Chart
EUR/AUD Keep in mind that it is coming from a major support bounce.

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I have this level next Resistance:

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  • #12
  • Dec 9, 2011 7:31am Dec 9, 2011 7:31am
Quoting TheLastCoke
EUR/AUD Keep in mind that it is coming from a major support bounce.

Attachment

I have this level next Resistance:

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May be a nice entry to go long targeting your level....
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  • #13
  • Dec 9, 2011 7:46am Dec 9, 2011 7:46am
Quoting longshot_nl
May be a nice entry to go long targeting your level....
EUR/AUD I won't be shorting it any more at that level, setup is cancelled
  • #14
  • Dec 9, 2011 8:07am Dec 9, 2011 8:07am
Quoting longshot_nl
May be a nice entry to go long targeting your level....
EUR/AUD Not a perfect 3 drive pattern but a reversla PA with a bounce at UTL

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  • #15
  • Dec 9, 2011 6:29pm Dec 9, 2011 6:29pm
This is pritty sick.
predicted the whole thing and even managed to loose money with it.
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  • #16
  • Dec 10, 2011 7:23am Dec 10, 2011 7:23am
Quoting longshot_nl
This is pritty sick.
predicted the whole thing and even managed to loose money with it.
How come? it didn't get above C level. How big was your SL?
  • #17
  • Dec 10, 2011 10:21am Dec 10, 2011 10:21am
Quoting TheLastCoke
How come? it didn't get above C level. How big was your SL?
i managed my trade wrongly.
i sold at a lower level and it went up.
but then when i went short again my stops where taken out.

then at D point i didn't place trade becouse i thought it would happen later so i missed it.
  • #18
  • Dec 10, 2011 10:28am Dec 10, 2011 10:28am
Quoting longshot_nl
i managed my trade wrongly.
i sold at a lower level and it went up.
but then when i went short again my stops where taken out.

then at D point i didn't place trade becouse i thought it would happen later so i missed it.
I remeber you posted that chart before it reached C, I would have been a nice touch entry.
  • #19
  • Dec 11, 2011 7:16am Dec 11, 2011 7:16am
Quoting longshot_nl
i managed my trade wrongly.
i sold at a lower level and it went up.
but then when i went short again my stops where taken out.

then at D point i didn't place trade becouse i thought it would happen later so i missed it.
There are many factors to take into account, it is not only a good setup, bad timing, SL, TP, BE level (and luck) are just some. Look at this one for example, missed it too simply because I didn't place the pending order.

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Typo= 38% Fib + Round Number + Resistance
  • #20
  • Dec 11, 2011 8:53am Dec 11, 2011 8:53am
This is disturbing..
Jim Rogers: It looks like we have a trade war. And if we do it will mean the end of the world economy.
It was posted a year ago, i just see that.

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Hopefully people will see the alternative of a resource based economy like the venus project promotes.
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