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Law Of Chart

  • #441
  • Edited 3:01am Jan 14, 2010 3:01am | Edited 3:01am
Hi my30.. good morning..

Here is my chart .. what is your opinion about my count?
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  • #442
  • Jan 14, 2010 3:07am Jan 14, 2010 3:07am
Quoting LanzaTrader
Hi my30.. good morning..

Here is my chart .. what is your opinion about my count?
hi lanza,

you got it but plz take a note in the down trend the pattern make ascending flag it should be continues making new lower, ascending flag in the down trend is the continuous pattern, if you going long pls tighten your SL

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: euchf 240mc.gif Size: 32 KB
  • #443
  • Jan 14, 2010 3:16am Jan 14, 2010 3:16am
i take note ...flag.. i use Steve Nison terms.... so i will look for about Occidental terms like flag..

Thanks a lot my30.. every time is a new lesson. Great.
  • #444
  • Jan 14, 2010 3:32am Jan 14, 2010 3:32am
Quoting my30marahaba
hi lanza,

you got it but plz take a note in the down trend the pattern make ascending flag it should be continues making new lower, ascending flag in the down trend is the continuous pattern, if you going long pls tighten your SL

cheers
COOL BRO.....my first method was trading chaos and i see fractal is also HL breakout method and match the TLOC so i decide to combine everything together and it's awesome.
MY OPINION NOT FINANCIAL ADVISE
  • #445
  • Jan 14, 2010 3:33am Jan 14, 2010 3:33am
Quoting LanzaTrader
i take note ...flag.. i use Steve Nison terms.... so i will look for about Occidental terms like flag..

Thanks a lot my30.. every time is a new lesson. Great.
hi all just for share
enclosure ascending flag on the down trend and descending flag on the up trend

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: flag1.JPG Size: 83 KB
Click to Enlarge Name: flag2.JPG Size: 84 KB
  • #446
  • Jan 14, 2010 2:22pm Jan 14, 2010 2:22pm
Came across this thread a few days ago, must say.. this is gold!! I have not finished reading the thread nor have I traded off the indicator yet. Still trying to fully understand.
Big thanks to Don and all the posters, hope to be a contributor and ask some questions no doubt.
Nice attitude from all the posters unlike a few other threads that are to be found on FF .

My charts are not entirely naked, use pivots , resistance and a RSI for divergence, are these indi's acceptable if I post charts? Been on another thread where they hang you if don't post an entirely naked chart..

Thanks all and I am reading the PDf books, big help
  • #447
  • Jan 14, 2010 2:42pm Jan 14, 2010 2:42pm
Quoting deano1292
Came across this thread a few days ago, must say.. this is gold!! I have not finished reading the thread nor have I traded off...

u welcome bro...you are free to use indicator, this method is not only used as naked chart i have found out after several practice that u can also use indicator it's only High and Low of bars pattern so adding ur own indicator does not stop u from locating the reversal it still the same...trend start trend end that is what this method is all about..
cheers and feel free to share your mind, we are all here to learn..
MY OPINION NOT FINANCIAL ADVISE
  • #448
  • Jan 14, 2010 9:53pm Jan 14, 2010 9:53pm
Quoting donfriday
COOL BRO.....my first method was trading chaos and i see fractal is also HL breakout method and match the TLOC so i decide to combine everything together and it's awesome.
hi don, still cool bro... same like u 1st time i traded i was using ozfx methd (this is combination stoch, ac and ao), and then pimpology (3cci with diffrence TF) and the DIBs Method, Master Candle & Candle pattern and then TLOC now i'm learning about trend and trend line as resistance and support .........

cheer
  • #449
  • Jan 14, 2010 9:58pm Jan 14, 2010 9:58pm
Quoting my30marahaba
hi lanza,

you got it but plz take a note in the down trend the pattern make ascending flag it should be continues making new lower, ascending flag in the down trend is the continuous pattern, if you going long pls tighten your SL

cheers
hi all enclosure the updated of EUCHF see the selling pressure of the PA
Attached Image (click to enlarge)
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Attached Image
  • #450
  • Jan 14, 2010 10:57pm Jan 14, 2010 10:57pm
Quoting my30marahaba
EU 240M TF 123 set up TLOC
down trend TL and Down trend FLAG
short entry should be nice to break point @2
hi all, eu 240MTF updated from my previous posted now see the nice break out of new point @2 from 1-2-3 se up H&L
ascending flag pattern formation on the down trend = continuous pattern see the result
Attached Image (click to enlarge)
Click to Enlarge Name: eu 240tf.gif Size: 34 KB
Attached Image
  • #451
  • Jan 15, 2010 6:42am Jan 15, 2010 6:42am
Started trading last nite and 2 trades this morning on the 1 2 3 TTE.

Thanks guys for the charts, great thread
  • #452
  • Jan 15, 2010 7:19am Jan 15, 2010 7:19am
Chart showing a strong downtrend
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Click to Enlarge Name: ScreenHunter_01 Jan. 15 08.17.gif Size: 22 KB
  • #453
  • Jan 15, 2010 9:37am Jan 15, 2010 9:37am
Quoting deano1292
Chart showing a strong downtrend
good u can use that indicator to practice...but dont forget u will see several 1hr in congestion or trading range they mean nothing but RH mean alot..
cheers trade safe and see you next week.
MY OPINION NOT FINANCIAL ADVISE
  • #454
  • Jan 15, 2010 11:44am Jan 15, 2010 11:44am
Quoting deano1292
Chart showing a strong downtrend
I took some of those, are you using the RH indi from the beginning of this thread ? I find donīs and my30īs charts excellent learning examples.

All of you have a nice weekend and thank you !
Be like water.
  • #455
  • Edited 4:16pm Jan 15, 2010 3:51pm | Edited 4:16pm
Quoting msmarple
I took some of those, are you using the RH indi from the beginning of this thread ? I find donīs and my30īs charts excellent learning examples.

All of you have a nice weekend and thank you !
Yes, I am using the indicators from the thread, hope to do it manually after I get to know and understand this method fully..

BTW, did 7 trades today using this system, 1 BE, 1 loss for 10 pips and 5 wins for 41 pips for a net of 31 pips all shorted. Method is gold, been trading stocks for over 20 years ,Forex since May with mixed results, getting excited about this method. Seriously think there is merit in the method with good MM and a sound knowledge of charting.

Several weeks ago did away with indicators except a RSI for divergence, results for me increased all most immediate then found this thread to help add to my bottom line..




Enjoy the week-end
  • #456
  • Jan 16, 2010 8:44pm Jan 16, 2010 8:44pm
hi don,

EU on the down trend movement what do you think bro
see my chart base on 123 set up - TLOC analyze this week should be more lower if the weekly support break out
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu daily tf - 17.01.2010.gif Size: 30 KB
Click to Enlarge Name: eu 240 tf - 17.01.2010.gif Size: 33 KB
  • #457
  • Jan 17, 2010 12:16am Jan 17, 2010 12:16am
Quoting my30marahaba
hi don,

EU on the down trend movement what do you think bro
see my chart base on 123 set up - TLOC analyze this week should be more lower if the weekly support break out

weekly need a candle that refuse to make new high above 2010 high then we have point 4 and for a full 123H we need to go below Dec 2009 low.....it will take u 1-2 more weeks to get some clear picture on EU long term so just follow the small tf and take ur cake...
MY OPINION NOT FINANCIAL ADVISE
  • #458
  • Jan 17, 2010 12:23am Jan 17, 2010 12:23am
from here u cant see anythung but since weekly close as pin bar we would retrace up base on pin bar rules and drop down ..so if we dont make a new high above last week candle and we make new low below dec 2009 bar we have complet 123..new low is what eu need now ..you should understand..my battery is running down so i will complet the analysis when i am on charged.
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #459
  • Jan 17, 2010 1:06am Jan 17, 2010 1:06am
Quoting donfriday
from here u cant see anythung but since weekly close as pin bar we would retrace up base on pin bar rules and drop down ..so if we dont make a new high above last week candle and we make new low below dec 2009 bar we have complet 123..new low is what eu need now ..you should understand..my battery is running down so i will complet the analysis when i am on charged.
hi don noted with thanks... cheer
  • #460
  • Jan 19, 2010 12:25am Jan 19, 2010 12:25am
Quoting my30marahaba
hi don noted with thanks... cheer
ok but currently i am trading GJ cus of is volatility i could lose or win fast and clear my mind...
MY OPINION NOT FINANCIAL ADVISE
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