Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns | Page 6 | Forex Factory

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Attachments: Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns
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Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

  • #101
  • Sep 12, 2008 8:20am Sep 12, 2008 8:20am
Pretty good acceleration on this trade. Don't let 120 pips + turn into -
Measure twice, cut once
  • #102
  • Sep 12, 2008 12:06pm Sep 12, 2008 12:06pm
Aud/usd; I have to admit the US strengthening made sense, TA speaking.

MACD made divergence on 4h chart along with a 0.5% close above daily support. If you wonder why I didn't made a short below support, I can mention that I rarely trade against any (potential) divergence and that price closed 2 pip above the 0.5% mark, hence not a break.

I could have added a position on daily close above too, but I simply didn't.
Attached Image (click to enlarge)
Click to Enlarge Name: aus1.jpg Size: 112 KB
Measure twice, cut once
  • #103
  • Sep 12, 2008 4:57pm Sep 12, 2008 4:57pm
Quoting g_j_hook@yah
hi jupiter,could you please explain to me how you got the lower TL??your chart shows only one point
thanx
p.s. sos bout the red lines they re for me
Hi g_j,

Sorry for the delay.
Better let the chart "speak" for me.

Cheers,

JP.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_mn_12_09_2008_diamond_tl_touches.gif Size: 13 KB
  • #104
  • Sep 14, 2008 7:07am Sep 14, 2008 7:07am
Going for Egypt tomorrow for 2 weeks, just hope they have internet on the hotel. If not, good trading to all !
Measure twice, cut once
  • #105
  • Sep 14, 2008 8:13am Sep 14, 2008 8:13am
Quoting aediaz1
Going for Egypt tomorrow for 2 weeks, just hope they have internet on the hotel. If not, good trading to all !
Enjoy your stay buddy and bring back some pictures of those pyramids hehehe
  • #106
  • Sep 14, 2008 9:51am Sep 14, 2008 9:51am
Quoting belekas
Enjoy your stay buddy and bring back some pictures of those pyramids hehehe
I'll do
Measure twice, cut once
  • #107
  • Sep 15, 2008 10:33am Sep 15, 2008 10:33am
Quoting jupiter_peak
Hi g_j,

Sorry for the delay.
Better let the chart "speak" for me.

Cheers,

JP.
thanx jupiter,should have looked closer,!!!!
PATIENCE... DISCIPLINE
  • #108
  • Sep 16, 2008 3:05pm Sep 16, 2008 3:05pm
Hi Aediaz,

Is this a Daily Range visual indicator you have here?

http://forexfactory.com/showpost.php...3&postcount=95

If so, could you attach it here please?

Best,

JP.
  • #109
  • Sep 20, 2008 3:57am Sep 20, 2008 3:57am
Liking this thread...I use trendlines as well when trading and they are what base my decesion...I only trade from the 4 hour chart and above...looking foward to participate in this thread
  • #110
  • Sep 20, 2008 10:39am Sep 20, 2008 10:39am
Quoting Shermenator
Liking this thread...I use trendlines as well when trading and they are what base my decesion...I only trade from the 4 hour chart and above...looking foward to participate in this thread
Welcome aboard Shermenator
  • #111
  • Sep 21, 2008 4:50pm Sep 21, 2008 4:50pm
Alright guys I have a setup here in the audcad...

Let me get your opinion of how you guys would trades this out...since we did in fact get a double bottoms....and trend seems to reversing and we have begun making ABCD up.

Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 22 KB
  • #112
  • Sep 21, 2008 11:48pm Sep 21, 2008 11:48pm
Quoting Igrok
I strongly disagree. It shouldn't hurt. You just can't count on achieving any degree of success if you don't know the very basics, pretty much like you wouldn't be able even to write your own name in case you haven't learned the alphabet first.

I have a question indirectly to the statment given by Igrok. What is complex TA????

Igrok mention you need to know the basic about TA...which indirectly points to the existence of more complex TA methods...

I have studyed TA for a while now and have bought ever TA book that I feel is good enough to put money on...but they really all refer to the same range of TA...so I never knew more complex TA exists...

So what is complex TA? thanks
  • #113
  • Sep 22, 2008 1:10am Sep 22, 2008 1:10am
I am currently long in this trade...

using the longterm trendline as support as well as I got a morning star and we also have clear support to the left....I am looking for the 38.2 fibb coming down...

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 24 KB
  • #114
  • Sep 22, 2008 1:46am Sep 22, 2008 1:46am
Here is my 1 hour chart as well...as you can see we also have a nice head and shoulders....

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 26 KB
  • #115
  • Sep 22, 2008 2:33am Sep 22, 2008 2:33am
Quoting Shermenator
Here is my 1 hour chart as well...as you can see we also have a nice head and shoulders....

Attachment
Holla. This is not a H&S formation.
  • #116
  • Sep 22, 2008 2:38am Sep 22, 2008 2:38am
Quoting belekas
Holla. This is not a H&S formation.

You guys trade the brake of the neckline...I dont ...I anticipate the brake of the neckline...once the downtrendline has been broken the market has moved to my buy zone confirming the buyers coming from the longerterm trendline...
  • #117
  • Sep 22, 2008 2:53am Sep 22, 2008 2:53am
Quoting Shermenator
You guys trade the brake of the neckline...I dont ...I anticipate the brake of the neckline...once the downtrendline has been broken the market has moved to my buy zone confirming the buyers coming from the longerterm trendline...
The market is precise if you know what i mean. We can catch alot of pips with minimal SL 20-40 pips and even less. The projection of entry and pattern recognition has to be applied correctly, and that takes alot of practise. Usually fake H&S formations are spotted by new traders. 1hr timeframe produces alot of noise and even 4hr timeframe sometimes does the same. Theres also a method of engaging a position from one of the shoulders. This method is described in most usable TA books. If theres a real H&S formation then playing the neckline breakout is fine.

Cheers
  • #118
  • Sep 22, 2008 3:01am Sep 22, 2008 3:01am
Quoting belekas
The market is precise if you know what i mean. We can catch alot of pips with minimal SL 20-40 pips and even less. The projection of entry and pattern recognition has to be applied correctly, and that takes alot of practise. Usually fake H&S formations are spotted by new traders. 1hr timeframe produces alot of noise and even 4hr timeframe sometimes does the same. Theres also a method of engaging a position from one of the shoulders. This method is described in most usable TA books. If theres a real H&S formation then playing the neckline breakout is fine.

Cheers
I agree I look at the 1 hour chart to understand and see if both my small time frame are showing me the same with my larger time frame....I trade my signals of the 4 hour chart but use analysis from larger timeframes then 4 hours. As long as we all make pips I am happy lol all I know is that trading with trendlines work since it keeps me at 500 pips a week and I am happy lol
  • #119
  • Sep 22, 2008 3:08am Sep 22, 2008 3:08am
Quoting Shermenator
I agree I look at the 1 hour chart to understand and see if both my small time frame are showing me the same with my larger time frame....I trade my signals of the 4 hour chart but use analysis from larger timeframes then 4 hours. As long as we all make pips I am happy lol all I know is that trading with trendlines work since it keeps me at 500 pips a week and I am happy lol
Keep stackin' that dough
  • #120
  • Sep 22, 2008 10:32pm Sep 22, 2008 10:32pm
I am currently short in the NZDUSD after a rejection to a trendline plus a 4 hour eveening star and I am looking for 150 pips...wish me luck guys...

Attached Image (click to enlarge)
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