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Drawing correct resistance and support-lines

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  • #881
  • Mar 25, 2008 10:57am Mar 25, 2008 10:57am
Quoting Umairs2004
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...
hi umairs,
i love to watch your screenshot and for me, you are a good breakout trader that manage to catch even a small move.. thats luck i guess..
  • #882
  • Mar 25, 2008 11:21am Mar 25, 2008 11:21am
Another breakout for cable.. you might hold the position..

comment!
Attached Image (click to enlarge)
Click to Enlarge Name: gu tf4h.gif Size: 16 KB
  • #883
  • Mar 25, 2008 11:26am Mar 25, 2008 11:26am
Geppy,

A quick long position perhaps..
Careful, TF4H is performing pennant..

comment!

Attached Image (click to enlarge)
Click to Enlarge Name: gj tf30.gif Size: 14 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gj tf4h.gif Size: 14 KB
  • #884
  • Mar 25, 2008 12:02pm Mar 25, 2008 12:02pm
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
Sorry for late reply, been away all day and missed some London action Glad to see you made easy pips from eur/usd, well done
Measure twice, cut once
  • #885
  • Mar 25, 2008 12:03pm Mar 25, 2008 12:03pm
Mark, seems like you got "banned" because of your link to your web-side! No warnings ?
Measure twice, cut once
  • #886
  • Mar 25, 2008 12:08pm Mar 25, 2008 12:08pm
hey aediaz..

cable n geepy is performing well currently... and yeah i cant trade on EU.. incapable to meet the graf at that time and it was a false breakout occurs on me..
  • #887
  • Mar 25, 2008 12:16pm Mar 25, 2008 12:16pm
my 4hr Euro chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 21 KB
  • #888
  • Mar 25, 2008 12:46pm Mar 25, 2008 12:46pm
Quoting aediaz1
Mark, seems like you got "banned" because of your link to your web-side! No warnings ?
Ahh Well I think Mark Is Banned coz of His Link....Well It was his Blog in his link I guess coz once i visit there...
  • #889
  • Mar 25, 2008 12:49pm Mar 25, 2008 12:49pm
Quoting johnbaem
hi umairs,
i love to watch your screenshot and for me, you are a good breakout trader that manage to catch even a small move.. thats luck i guess..
Thank's John...
Yea I think Luck Matter's a Lot but another Important Thing Is Your Experience...
Experience Makes the Man Perfect...
  • #890
  • Mar 25, 2008 12:49pm Mar 25, 2008 12:49pm
Quoting johnbaem
Geppy,

A quick long position perhaps..
Careful, TF4H is performing pennant..

comment!

Attachment

Attachment
I would rather call it ascending triangle than pennant. Pennant occurs after 1 big move usually. See chart for explanation;
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gj.jpg Size: 82 KB
Measure twice, cut once
  • #891
  • Mar 25, 2008 12:51pm Mar 25, 2008 12:51pm
Quoting Umairs2004
Thank's John...
Yea I think Luck Matter's a Lot but another Important Thing Is Your Experience...
Experience Makes the Man Perfect...
Thats really inspiring... another 30pips for cable and i manage to catch about 200pips from 1.9850 entry..
  • #892
  • Mar 25, 2008 12:57pm Mar 25, 2008 12:57pm
Larger TF's decreases your risk from time till time. But I guess no-one was looking for short on eur/usd anyway?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd30m.gif Size: 14 KB
Click to Enlarge Name: eurusd1h2.gif Size: 12 KB
Measure twice, cut once
  • #893
  • Mar 25, 2008 12:59pm Mar 25, 2008 12:59pm
Quoting johnbaem
hey aediaz..

cable n geepy is performing well currently... and yeah i cant trade on EU.. incapable to meet the graf at that time and it was a false breakout occurs on me..
Pound seem to be strong today. Hope you're still on the right side of pound.
Measure twice, cut once
  • #894
  • Mar 25, 2008 1:05pm Mar 25, 2008 1:05pm
Quoting aediaz1
I would rather call it ascending triangle than pennant. Pennant occurs after 1 big move usually. See chart for explanation;
oh okeh... a lil bit confusing but on my previous post, i go for quick long positions: entry at 200.36 TP at 200.66 and reach already! i just get involve in geepy and if thats true what on your analysis, this pair will drop down in nearly time...
  • #895
  • Mar 25, 2008 1:15pm Mar 25, 2008 1:15pm
Quoting Umairs2004
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...
Not bad caching downward move on GJ this days !

I really hope someone took this trade on 30m GJ;

Double bottom @ pivot ! Being away from markets this days is starting to get expensive lol.
Attached Image (click to enlarge)
Click to Enlarge Name: gj30m.gif Size: 13 KB
Measure twice, cut once
  • #896
  • Mar 25, 2008 1:17pm Mar 25, 2008 1:17pm
Quoting eye4spot
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



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



but still this is just my thoughts. enjoy.
Seems like a valid chart to me
Measure twice, cut once
  • #897
  • Mar 26, 2008 3:07am Mar 26, 2008 3:07am
Quoting aediaz1
Mark, seems like you got "banned" because of your link to your web-side! No warnings ?
Yes, he was banned for 2 weeks
  • #898
  • Mar 26, 2008 3:11am Mar 26, 2008 3:11am
Good morning guys,

i would like to share with you my chart, i just discovered interesting pattern, its with bolded lines, check this out.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_pattern.gif Size: 13 KB
  • #899
  • Mar 26, 2008 3:14am Mar 26, 2008 3:14am
I had a very light position shorting geppy. i'm at +34 now. there was divergence occuring at res(previous tl) may add more positions if my channel is broken.

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


Wishing everyone a gd day ahead!

Yuna
  • #900
  • Mar 26, 2008 3:17am Mar 26, 2008 3:17am
Quoting sDRs
Good morning guys,

i would like to share with you my chart, i just discovered interesting pattern, its with bolded lines, check this out.
Good morning. Might share with us what you see here.
Measure twice, cut once
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