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Charts Observations

  • #21
  • Jul 28, 2007 9:27pm Jul 28, 2007 9:27pm
time will tell if downtrend just broken
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Once A Trader Always A Trader.
  • #22
  • Jul 28, 2007 9:28pm Jul 28, 2007 9:28pm
Hi Liviu
nice charts, you seem a big fan of lines break method

see the big pattern on your 4h chart is very interesting in daily !!

Daily Chart

can you please try to post the charts at imageshak to seems more clear
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  • #23
  • Jul 28, 2007 9:50pm Jul 28, 2007 9:50pm
Hi Benssol,

Thank you for starting this thread !!!

It was much needed.

I just "discovered" trendlines, about 2 weeks ago, after several long years of searching for a method.
I'm pretty sure that this is the way for me.

Hopefully other people won't need as much time it took me to find their profitable method!

I will get an account on imageshak tomorrow.
Now it's close to 1 am, time to go to sleep.

Many pips to everybody!
Once A Trader Always A Trader.
  • #24
  • Jul 28, 2007 11:07pm Jul 28, 2007 11:07pm
if you dont trade this pair, I wish you take a look at it

Daily Chart carry a possible killer trade

I closed my short early this week but I will look for another entry

a possible target is the confluence of the two PFs, and it highlighted on the chart
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  • #25
  • Jul 28, 2007 11:30pm Jul 28, 2007 11:30pm
Daily Chart
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  • #26
  • Edited 8:20am Jul 29, 2007 7:57am | Edited 8:20am
Quoting Tiki Trader
I agree with you about price may go up first... but over all, for a little while longer, I think prices would still soon come down to my target level. I know it sounds dumb, but a train donesn't just stop on a dime... and the train has gotten going over the past week or so...

Also, I compare to the drop earlier this year... I know it may not be the same kind of move... but it sure looks like it on the charts, and as I look back over charts in so many pairs... it is amazing the patterns that repeat over and over again... ( GBP/USD daily for example )

OK, we stopped on a fib line... and you are right about maybe back u p a bit... but for me anyways... I have stopped trying to make pips on 5 min charts or even 15 min... I rarely anymore look at the 1 hour charts... I stay daily and above... so up a bit first is fine with me... That is a VERY big bearish weekly bar... price for the week retraced to the fib line... and generally on BEB price will retest the low...

Don't pay too much attention to me, I probably am the least qualified to be posting anything !!!
its all fine my friend..we are all speculating..

and there is a TL down at your targrt level...so i am not discounting it..

but as far as taking position, i would long with tight SL as oppose to short ..

but then again, I am speaking of very short short term (like 4 hrs chart up to 15 min chart)....

reason i have day chart is to see the overall momentum and fib lines...


sell entry stop @ 117.36 area..

50 fib and 61 fib confluence (weekly and monthly)
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Pipology 101 student
  • #27
  • Jul 29, 2007 8:27am Jul 29, 2007 8:27am
daily

long bias

SL just below 118

...117.XX

then buy sell stop there....

depending on news this week
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Pipology 101 student
  • #28
  • Jul 29, 2007 9:07am Jul 29, 2007 9:07am
This is what quality discussions mean. Keep it up guys ! A lot will gain from this thread !
Of course we need some humor too.
Thanks guys - will also post charts later.
  • #29
  • Jul 29, 2007 9:38am Jul 29, 2007 9:38am
Three guys walk into a bar, the fourth guy ducks

I love this thread, I`d show my charts but havent figured out how yet.
Just Trade It
  • #30
  • Jul 29, 2007 1:51pm Jul 29, 2007 1:51pm


EURCHF Daily & 4H Charts


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  • #31
  • Jul 29, 2007 2:10pm Jul 29, 2007 2:10pm
USDCHF 4H

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  • #32
  • Jul 29, 2007 5:14pm Jul 29, 2007 5:14pm
Well it sure is not a H&S !!! The cup thing maybe... but lately, the last few days, I don't see USD/CHF doing much of anything !!!
  • #33
  • Jul 29, 2007 5:18pm Jul 29, 2007 5:18pm
Maybe USD/CHF is starting a new channel ...
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  • #34
  • Jul 29, 2007 5:25pm Jul 29, 2007 5:25pm
here is a very good signal to enter, even better when it happens on the daily
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Just Trade It
  • #35
  • Jul 29, 2007 5:29pm Jul 29, 2007 5:29pm
Quoting Tiki Trader
Maybe USD/CHF is starting a new channel ...
you know, your 1H chart let me check my 1H chart

you know the cup is very clear in it and very rounded, we can call it a round bottom too, and if this thing breaked we will see a very big upward move
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  • #36
  • Jul 29, 2007 5:31pm Jul 29, 2007 5:31pm
I have heard about the cup, but I don't remember what is important about it... can't remember if I read something about in IGROK's book or in a Mortin Pring book... I do see the cup though.

Actually, for the moment I would say more likely to go down...
  • #37
  • Jul 29, 2007 5:32pm Jul 29, 2007 5:32pm
Quoting Big Wave Rider
here is a very good signal to enter, even better when it happens on the daily
you mean long?
  • #38
  • Jul 29, 2007 5:33pm Jul 29, 2007 5:33pm
Quoting Tiki Trader
I have heard about the cup, but I don't remember what is important about it... can't remember if I read something about in IGROK's book or in a Mortin Pring book... I do see the cup though.
the cup is a good reversal pattern that has a technical target measured equals to the dept the cup itself, this is want I remember now
  • #39
  • Jul 29, 2007 5:34pm Jul 29, 2007 5:34pm
Another great signal in GBP/USD 4HR, again better when it happens on the daily
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Just Trade It
  • #40
  • Jul 29, 2007 5:37pm Jul 29, 2007 5:37pm
Both of my signals are saying to go short, when ever the short term MA`s (red) crosses the long term MA`s (blue) enter in that direction and then exit when they cross again, VERY SIMPLE, VERY EFFECTIVE
Just Trade It
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