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Charts Observations

  • #101
  • Oct 26, 2007 5:32pm Oct 26, 2007 5:32pm
INTERESTING !!!

4*6 = 24
150* 6 = 800

so if one wants to have 150 Daily MA (BIG PICTURE) on 4 HR chart use a 800 MA

i have a question, though.
it seems i am not allowed to post in some threads.
e.g. one thread i woul like to post is soultrader clinic.
why so?

THKs.
Once A Trader Always A Trader.
  • #102
  • Oct 26, 2007 5:50pm Oct 26, 2007 5:50pm
Soultrader clinic is only for members of 1KT... those who have made more than 1000 trades...

You are right about the 800 ma !!! And the 800 is often a good profit target...
  • #103
  • Oct 31, 2007 5:08am Oct 31, 2007 5:08am
Btw benssol, since my first post was EURGBP, here's another interesting picture on the 4h...we got a price box and we might get a close below it soon...or maybe TL holds and we go above?

I'd like 0.6880...if we close below and temporary TL goes..

Do you like the quasi-pitch-fork of the downchannel on the left? ;p
Attached Image
Trust price. Know yourself.
  • #104
  • Oct 31, 2007 5:12am Oct 31, 2007 5:12am
Quoting benssol
still in short term downtrend
the last up swing correction bounced nicely from it's 50% fibo
and now it forming a channel/flag
highlited points are possible resting places
Sorry this one is so messy, but I couldn't decide on the channel / trendlines

If GBPCHF is to pop to 2.43 / 2.45 / 2.45+ then I suspect EURGBP will have to lose 0.69 first. Doesn't HAVE to have to, but I think it should, anyhow ;p
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_311007_daily_mess.gif Size: 25 KB
Trust price. Know yourself.
  • #105
  • Oct 31, 2007 5:18am Oct 31, 2007 5:18am
I'm afraid 4h is just as bad

Same thing. Needs to break highs, then has a shot at projection if the daily picture fits, too.

Channel top was retested and held, now price has to show us something..
Attached Image
Trust price. Know yourself.
  • #106
  • Nov 3, 2007 1:07am Nov 3, 2007 1:07am
Quoting SeekingLight
Btw benssol, since my first post was EURGBP, here's another interesting picture on the 4h...we got a price box and we might get a close below it soon...or maybe TL holds and we go above?

I'd like 0.6880...if we close below and temporary TL goes..

Do you like the quasi-pitch-fork of the downchannel on the left? ;p
what a chart

the TL breached and tested but we still in the box

the same chart with pitchforks
I put the same lines on my chart

and in terms of pitchforks:

the old UP pitchfork (the blue) and price goes to it's warning lines (the dotted blue lines)
and now prices in down pitchfork (the gray) and the confluent between this pitchfork and the old warning lines are possible resting places
Attached Image (click to enlarge)
Click to Enlarge Name: eg 4h071103.gif Size: 23 KB
  • #107
  • Nov 3, 2007 1:44am Nov 3, 2007 1:44am
Quoting SeekingLight
I'm afraid 4h is just as bad

Same thing. Needs to break highs, then has a shot at projection if the daily picture fits, too.

Channel top was retested and held, now price has to show us something..
similar targets
if you have any chart plz don't hesitate to post it here
it's very nice when you found a similar view or targets with different tools

if you want a messy chart, here is one

two pitchforks with their warning lines

highlighted resting areas
Attached Image (click to enlarge)
Click to Enlarge Name: gchf 4h071103.gif Size: 32 KB
  • #108
  • Nov 3, 2007 2:05am Nov 3, 2007 2:05am
GU 4H
possible resting places highlighted
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h 01103.gif Size: 26 KB
  • #109
  • Nov 3, 2007 7:32am Nov 3, 2007 7:32am
some quotations from a book, I dont know it's title (from trading naked site)

may be, It can help some new fellows & traders
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Click to Enlarge Name: talk.png Size: 423 KB
  • #110
  • Nov 4, 2007 2:14am Nov 4, 2007 2:14am
long long long view :
Attached Image (click to enlarge)
Click to Enlarge Name: gchf long.gif Size: 34 KB
  • #111
  • Nov 13, 2007 9:36am Nov 13, 2007 9:36am
Quoting benssol
GU 4H
possible resting places highlighted
Updating .....

Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h 01113.gif Size: 33 KB
  • #112
  • Nov 13, 2007 9:37am Nov 13, 2007 9:37am
Quoting benssol
similar targets
if you have any chart plz don't hesitate to post it here
it's very nice when you found a similar view or targets with different tools

if you want a messy chart, here is one

two pitchforks with their warning lines

highlighted resting areas

Updating ...


Attached Image (click to enlarge)
Click to Enlarge Name: gchf 4h071113.gif Size: 38 KB


chart again if it disappeared
  • #113
  • Nov 15, 2007 6:24pm Nov 15, 2007 6:24pm
first attempt with wolfe wave patterns :

let's see if it works or we did it wrong
Attached Image (click to enlarge)
Click to Enlarge Name: gu4h071116.gif Size: 18 KB
  • #114
  • Nov 16, 2007 3:00am Nov 16, 2007 3:00am
Quoting benssol
first attempt with wolfe wave patterns :

let's see if it works or we did it wrong
Waves are cool, but I prefer the Elliot Wave here

We'll see who's right faster

I don't have much ground left to cover I'm afraid, so this is cheating

Taking it's sweet while to lose 2.0416 though

Isn't this the 1-2-3 we talked about earlier in the thread?

Btw, it could be that the FE 61.8 = weak C end. But has cable ever done weak corrections? Would be odd...but still fitting the EW profile I guess.
Attached Image
Trust price. Know yourself.
  • #115
  • Nov 16, 2007 8:43am Nov 16, 2007 8:43am
Quoting SeekingLight
Waves are cool, but I prefer the Elliot Wave here

We'll see who's right faster

I don't have much ground left to cover I'm afraid, so this is cheating

Taking it's sweet while to lose 2.0416 though

Isn't this the 1-2-3 we talked about earlier in the thread?

Btw, it could be that the FE 61.8 = weak C end. But has cable ever done weak corrections? Would be odd...but still fitting the EW profile I guess.
Great

yes it's 1-2-3 but I'm always afraid from the big legs and the 1 leg is very big and it already taken many previous highs and lows
but it can work

let's see what will work first

I'm long at 2.392 coz I saw reversal formation at S1 in smaller TF and will add if anything else appear
  • #116
  • Edited 2:41am Nov 20, 2007 2:22am | Edited 2:41am
Quoting benssol
Great

yes it's 1-2-3 but I'm always afraid from the big legs and the 1 leg is very big and it already taken many previous highs and lows
but it can work

let's see what will work first

I'm long at 2.392 coz I saw reversal formation at S1 in smaller TF and will add if anything else appear
You win

Weak wave end and rise back up it is!

What a disgrace (for GBPUSD not to even manage a normal ABC that is)

Currently wondering whether it has completed only the A down and is now in the B or whether it's even worse and it's going to be a 1....and the start of a whole new cycle.
Trust price. Know yourself.
  • #117
  • Nov 20, 2007 6:27pm Nov 20, 2007 6:27pm
Quoting SeekingLight
You win

Weak wave end and rise back up it is!

What a disgrace (for GBPUSD not to even manage a normal ABC that is)

Currently wondering whether it has completed only the A down and is now in the B or whether it's even worse and it's going to be a 1....and the start of a whole new cycle.
LOL

it didnt reach the target yet
and there WOLF will win not me

man, it's amazing, I'm start to draw it and making it in daytrading and it's amazing

my daytrading was S/R and 20 EMA only
but this man is genius , I need to read more about it

look at Monday & Tuesday GJ trades

this man deserve the respect

also I tried it in equities and it's doing well too
wow

at the begining of the monday I found a short signal with a target exactly 250 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gj mon071119.gif Size: 22 KB



and then in tuesday a long signal with two targets

Attached Image (click to enlarge)
Click to Enlarge Name: gj tue071120.gif Size: 24 KB


Just amazing :surprised


for Mr. Wolf
  • #118
  • Nov 20, 2007 8:05pm Nov 20, 2007 8:05pm
Quoting benssol
what a chart

the TL breached and tested but we still in the box

the same chart with pitchforks
I put the same lines on my chart

and in terms of pitchforks:

the old UP pitchfork (the blue) and price goes to it's warning lines (the dotted blue lines)
and now prices in down pitchfork (the gray) and the confluent between this pitchfork and the old warning lines are possible resting places
Updating
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_4h071121.gif Size: 25 KB
  • #119
  • Nov 28, 2007 11:50pm Nov 28, 2007 11:50pm
Quoting benssol
first attempt with wolfe wave patterns :

let's see if it works or we did it wrong
Updating .....

Bingo
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4h_071129.gif Size: 20 KB
  • #120
  • Nov 29, 2007 4:25am Nov 29, 2007 4:25am
Quoting benssol
Updating .....

Bingo
Nice trade

But you got to admit, it wasn't the WW target ;p

I think it might be the end of the big B now...hold on, let me throw up a chart.

Didn't get a setup at 2.0830 last night sadly and was conflicted due to GJ having risen to my "critical" area I didn't dare just sell > 2.08 with a stop above .618 for end of B. Real shame, turns out it may very well be confirmed soon(once prices goes below A).

Seems A consisted of a weak ABC which sort of threw me off originally(C = .618 A).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_291107_abc.gif Size: 16 KB
Trust price. Know yourself.
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