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Damion's Tribute

  • #241
  • Jul 17, 2009 4:40am Jul 17, 2009 4:40am
A good probability but I will not trade this one less than at 61.8% retracement.

Also you need to check which Ds fall outside the trendline.
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AFTAB Time Will Tell & Price Will Show
  • #242
  • Jul 17, 2009 5:14am Jul 17, 2009 5:14am
U r awesome with pattern man!

here is my thot on swissy
Look at daily, price has been trading within a large range for weeks. for me i use that as trend determinant.

price hit support on daily TF and looks like it wonna hit the resistance come next week, we have indecision candle already at daily support.

price will break it out one day, with ur pattern thot, it might break out south, though i favor south as the trend is south.

look at 1hr

bullish trend is almost established! 1.0790 needs to be taken out for the trend to be established. presently, am waiting for a possible rebound and u turn for the trend to be established bullish, then i will find good entry for long. the breakage of that TL will violate this plan

so lets watch patiently, i have ur analysis as plan B........ that way, i will buy and sell at the retest of a pennant line i have

so good thoughts, it gives me more opportunity
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  • #243
  • Edited 7:15am Jul 17, 2009 6:24am | Edited 7:15am
Quoting Naijafx
U r awesome with pattern man!

here is my thot on swissy
Look at daily, price has been trading within a large range for weeks. for me i use that as trend determinant.

price hit support on daily TF and looks like it wonna hit the resistance come next week, we have indecision candle already at daily support.

price will break it out one day, with ur pattern thot, it might break out south, though i favor south as the trend is south.

look at 1hr

bullish trend is almost established! 1.0790 needs to be taken out for the trend to be established....
You maybe right Mike.

Here she goes Mike.
Attached Image(s) (click to enlarge)
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AFTAB Time Will Tell & Price Will Show
  • #244
  • Jul 17, 2009 6:42am Jul 17, 2009 6:42am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi Guys,

Good stuff.You guys are on a roll here.Keep up the good work.every time I have a sneak peek over this thread , there is always something good to read.You guys are fantastic.well , I m on the side line here for this week hope to contribute or on a lookout for potential trades next week. you guys have a great weekend.

Cheers.
  • #245
  • Jul 17, 2009 7:33am Jul 17, 2009 7:33am
I took the risk
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  • #246
  • Jul 17, 2009 7:50am Jul 17, 2009 7:50am
Quoting Naijafx
I took the risk
Beautiful.

I would be milking it at each ABCD above the last higher lower till the up trendline breaks or till the down daily trendline.
AFTAB Time Will Tell & Price Will Show
  • #247
  • Jul 17, 2009 10:08am Jul 17, 2009 10:08am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi Guys, I m stalking AJ Daily TF for next week.Hopefully CF shows us some light for profit taking.Let just hope this materializes.
Analysis
We have
1.the 61.8% Fib level,
2.Looks like an impulse wave ( perhaps a 5th wave formation- south),
3.polarity
4.We wait for Candle stick formation to tell us more ( a tweezer, Evening Star?)
5.TL is good.
6.gravity LOL

what say you guys?
Watch out for AJ guys.
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  • #248
  • Jul 17, 2009 11:29am Jul 17, 2009 11:29am
Keep going!
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  • #249
  • Jul 17, 2009 3:45pm Jul 17, 2009 3:45pm
Quoting Nimrod
Hi Guys, I m stalking AJ Daily TF for next week.Hopefully CF shows us some light for profit taking.Let just hope this materializes.
Analysis
We have
1.the 61.8% Fib level,
2.Looks like an impulse wave ( perhaps a 5th wave formation- south),
3.polarity
4.We wait for Candle stick formation to tell us more ( a tweezer, Evening Star?)
5.TL is good.
6.gravity LOL

what say you guys?
Watch out for AJ guys.
I love the gravity bit of your analysis the most - specially at the end of the week... What makes you go long then - do you turn the charts upside down???

Nimrod, you have a superb sense of humor.
AFTAB Time Will Tell & Price Will Show
  • #250
  • Jul 17, 2009 4:08pm Jul 17, 2009 4:08pm
Quoting Naijafx
I took the risk
Mike do not forget to update this chart with your thoughts please.

Thanks.
AFTAB Time Will Tell & Price Will Show
  • #251
  • Jul 17, 2009 4:46pm Jul 17, 2009 4:46pm
bullish reversal on 1hr TF

i have a bullish crown formation on swissy one hr.
price been making Lower low and lowwer high but previous high is taken out with a trendline break creating a high, the pull back to 61.8.

am long as soon as the mkt open. 1.618 as take profit.
Attached Image (click to enlarge)
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  • #252
  • Jul 17, 2009 4:55pm Jul 17, 2009 4:55pm
Quoting Naijafx
bullish reversal on 1hr TF

i have a bullish crown formation on swissy one hr.
price been making Lower low and lowwer high but previous high is taken out with a trendline break creating a high, the pull back to 61.8.

am long as soon as the mkt open. 1.618 as take profit.
Thanks Mike.
AFTAB Time Will Tell & Price Will Show
  • #253
  • Jul 18, 2009 1:28pm Jul 18, 2009 1:28pm
Quoting soyabean
Keep going!
2 more open trades. similar conditions
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  • #254
  • Jul 18, 2009 8:29pm Jul 18, 2009 8:29pm
Nice charts guy.
Looks like a H & S could be forming on the 4H at the TL.
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  • #255
  • Jul 18, 2009 8:41pm Jul 18, 2009 8:41pm
Quoting finswin56
Nice charts guy.
Looks like a H & S could be forming on the 4H at the TL.
Hey,

I am not sure that is a valid trendline? A down trendline is only valid if there is a lower low. But it does seems like the pair is consolidating in a daily triangle.
  • #256
  • Jul 19, 2009 3:24pm Jul 19, 2009 3:24pm
Quoting soyabean
Hey,

I am not sure that is a valid trendline? A down trendline is only valid if there is a lower low. But it does seems like the pair is consolidating in a daily triangle.
Absolutely. I mentioned that when I first posted the EUR/USD chart last week as I noticed the potential gartley. I was hesitant because it wasn't a true TL as we use them for ABCD. I had it marked simply as gauge of the extended range that pair has been in. For my own purposes, when I have a range marked like that, I use a broken TL rather than a solid one so I don't mistake them. But you are absolutely correct in that is not a true trendline.
BTW, I'm hands off on this pair until it breaks the range. I am a horrible range trader.
  • #257
  • Jul 19, 2009 4:00pm Jul 19, 2009 4:00pm
Charts for 19th July 2009.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD - 19th July 2009 - Daily.jpg Size: 120 KB
Click to Enlarge Name: AUD - 19th July 2009 - 240 Mins.jpg Size: 132 KB
AFTAB Time Will Tell & Price Will Show
  • #258
  • Jul 19, 2009 4:02pm Jul 19, 2009 4:02pm
Charts for 19th July 2009.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD - 19th July 2009 - Daily.jpg Size: 129 KB
Click to Enlarge Name: CAD - 19th July 2009 - 240 Mins.jpg Size: 130 KB
AFTAB Time Will Tell & Price Will Show
  • #259
  • Jul 19, 2009 4:05pm Jul 19, 2009 4:05pm
Charts for 19th July 2009
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHF - 19th July 2009 - Daily.jpg Size: 129 KB
Click to Enlarge Name: CHF - 19th July 2009 - 240 Mins.jpg Size: 130 KB
AFTAB Time Will Tell & Price Will Show
  • #260
  • Jul 19, 2009 4:09pm Jul 19, 2009 4:09pm
Charts for 19th July 2009
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR - 19th July 2009 - Daily.jpg Size: 132 KB
Click to Enlarge Name: EUR - 19th July 2009 - 240 Mins.jpg Size: 144 KB
AFTAB Time Will Tell & Price Will Show
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