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Drawing correct resistance and support-lines

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  • #861
  • Mar 25, 2008 4:02am Mar 25, 2008 4:02am
Quoting aediaz1
Be ready for the next leg on eur/usd. Pennants on 30m and 1h;
Aediaz1, what do u think of EU now? it does not look bearish to me. currently it's a spike from a 30 min point of view closing back into the pennant.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 14 KB


Yuna
  • #862
  • Mar 25, 2008 4:15am Mar 25, 2008 4:15am
hey there all. gr8 job here. i will post some of my charts if will help somebody like somebody helped me.

e/u bullish like usd/chf bearish

http://img442.imageshack.us/img442/7...5032007gc7.gif

in case of a flag on e/u (conntinuation pattern) swissy it's going down

http://img329.imageshack.us/img329/6...7032007zi4.gif

but still this is just my thoughts. enjoy.
  • #863
  • Mar 25, 2008 4:16am Mar 25, 2008 4:16am
Quoting yuna
Aediaz1, what do u think of EU now? it does not look bearish to me. currently it's a spike from a 30 min point of view closing back into the pennant.

Attachment

Yuna
Yuna, ive seen this in EU.. maybe just nice now..

TF 1H
Attached Image (click to enlarge)
Click to Enlarge Name: eu at 5pm.gif Size: 17 KB
  • #864
  • Mar 25, 2008 4:16am Mar 25, 2008 4:16am
Quoting aediaz1
Be ready for the next leg on eur/usd. Pennants on 30m and 1h;
I agree. I am waiting to see if the support holds.
Attached Image (click to enlarge)
Click to Enlarge Name: E.U 3.25.08.png Size: 28 KB
  • #865
  • Mar 25, 2008 4:26am Mar 25, 2008 4:26am
I am waiting to see if the U/C moves to resistance for a move down.
Attached Image (click to enlarge)
Click to Enlarge Name: U.C 3.25.08.png Size: 29 KB
  • #866
  • Mar 25, 2008 4:34am Mar 25, 2008 4:34am
Quoting Dcb
I am waiting to see if the U/C moves to resistance for a move down.
??? i cant see your attachments.

Yuna
  • #867
  • Mar 25, 2008 4:39am Mar 25, 2008 4:39am
Do you have any thoughts on the G/U?
Attached Image (click to enlarge)
Click to Enlarge Name: G.U 3.25.08.png Size: 36 KB
  • #868
  • Mar 25, 2008 4:42am Mar 25, 2008 4:42am
Quoting yuna
??? i cant see your attachments.

Yuna
Good morning Yuna,
Thank you for letting me know. I can see them as I look at the FF site. I attached them. Any thoughts how I can correct this?
  • #869
  • Mar 25, 2008 5:16am Mar 25, 2008 5:16am
Quoting Dcb
Good morning Yuna,
Thank you for letting me know. I can see them as I look at the FF site. I attached them. Any thoughts how I can correct this?
hello morning,i can see them already. maybe some technical problems just now. yes, i agree tt usd/chf does look bearish, i'm looking for a downward break.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 25 KB


Yuna
  • #870
  • Mar 25, 2008 5:28am Mar 25, 2008 5:28am
Quoting Dcb
Do you have any thoughts on the G/U?
my thoughts on Cable is bearish, on the 4 hr chart i had a broken head and shoulders and there's strong res at 1.9950. price is ranging between 1.9900 and 1.9950. unless it breaks above 1.9950, i wont consider long on this pair.

Yuna
  • #871
  • Mar 25, 2008 5:30am Mar 25, 2008 5:30am
that is my gu 4hr chart and it look bull to me .
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 26 KB
  • #872
  • Mar 25, 2008 5:35am Mar 25, 2008 5:35am
i am interested in your style in trading and you are right the gu look little bearish but i think it will bull and i will put your scenario in my mind i love the stop loss part it make my wrongs do not hurt me a lot.
  • #873
  • Mar 25, 2008 5:58am Mar 25, 2008 5:58am
Anyone can update me where does EU heading? im out of pc right now and theres no graf.. hows the pennant reaction? false breakout to the south?
  • #874
  • Edited 6:31am Mar 25, 2008 6:29am | Edited 6:31am
Quoting johnbaem
Anyone can update me where does EU heading? im out of pc right now and theres no graf.. hows the pennant reaction? false breakout to the south?
hi John, yes spike to the south and eventually an upward break. took a quick scalp of 35pips and jus exited @1.5595.

Yuna

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 16 KB
  • #875
  • Mar 25, 2008 6:39am Mar 25, 2008 6:39am
I sold the U/C at 1.01295 and exited my trade at 1.01110. I exited because I was not going to be available to monitor the progress of the trade. I had placed a limit order to take profit where I thought it could go. I looked at it and felt it would some support, and I decided to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: U.C 3.25.08 11.32 GMT.png Size: 27 KB
  • #876
  • Mar 25, 2008 6:57am Mar 25, 2008 6:57am
Quoting Tiger Hunter
i am interested in your style in trading and you are right the gu look little bearish but i think it will bull and i will put your scenario in my mind i love the stop loss part it make my wrongs do not hurt me a lot.
hello Tiger, the reason i say cable is bearish is because of the price pattern(broken Head and Shoulders) and from a longer term point of view. in a sense tt cable had made a 50% fibo ret and is facing res at tt level. very coincidence, if u take a close look of my chart, tt fibo 50 level is also my weekly PP and daily R2 and theres the upper tl also. and lastly there's strong res at 1.9950. so when having all these "combos" res occuring together, i'm expecting a bounce and trend continuation. but of course i could be wrong, the market is always right. so maybe if it breaks above 1.9950 tt would be interesting.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 21 KB


Yuna
  • #877
  • Mar 25, 2008 7:29am Mar 25, 2008 7:29am
Quoting yuna
hello Tiger, the reason i say cable is bearish is because of the price pattern(broken Head and Shoulders) and from a longer term point of view. in a sense tt cable had made a 50% fibo ret and is facing res at tt level. very coincidence, if u take a close look of my chart, tt fibo 50 level is also my weekly PP and daily R2 and theres the upper tl also. and lastly there's strong res at 1.9950. so when having all these "combos" res occuring together, i'm expecting a bounce and trend continuation. but of course i could be wrong, the market is always right. so maybe if it breaks above 1.9950 tt would be interesting.

Attachment

Yuna
Good chart, I totally agree with you, but for that, we need to see uptrend from 23rd of March is broken.
  • #878
  • Mar 25, 2008 8:23am Mar 25, 2008 8:23am
Quoting sDRs
Good chart, I totally agree with you, but for that, we need to see uptrend from 23rd of March is broken.
hello SDRs, thanks for ya kind words . update on cable, upper tl tested and holds at the moment. yes, u're right, the uptrend of 23rd march must be broken for confirmation.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 17 KB


Yuna
  • #879
  • Mar 25, 2008 10:29am Mar 25, 2008 10:29am
My Today's Stuff G/J ... A successfull Breakdown for more than +70 Pips... I Successfully Achieve my today's target Though i was bit from last couple of day's... See the screenshot... Today is another successful day for breakout's...
Attached Image (click to enlarge)
Click to Enlarge Name: 01.gif Size: 37 KB
  • #880
  • Mar 25, 2008 10:30am Mar 25, 2008 10:30am
Quoting yuna
hello SDRs, thanks for ya kind words . update on cable, upper tl tested and holds at the moment. yes, u're right, the uptrend of 23rd march must be broken for confirmation.

Attachment

Yuna
Hi Yuna...
I,ll PM YOu...
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