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Chart patterns and trendline discussion....

  • #241
  • Feb 27, 2010 6:17am Feb 27, 2010 6:17am
Quoting mf036ml
Swingtrader,

Would you mind at least briefly explaining on how you incorporate the moving averages I see on your charts into your trading.

Hope am not asking for much,

Thanks in advanced.
I am using 2 moving averages.

200 exponantial moving average

and 100 simple moving average.
  • #242
  • Feb 27, 2010 6:25am Feb 27, 2010 6:25am
U/C
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  • #243
  • Feb 27, 2010 5:59pm Feb 27, 2010 5:59pm
Hi,

Can anyone recomend any good websites or books with examples and more advanced bar chart formations like pin bars , inside bars, engulfing bars etc?

Thanks
  • #244
  • Feb 27, 2010 7:37pm Feb 27, 2010 7:37pm
Quoting mf036ml
Hi,

Can anyone recomend any good websites or books with examples and more advanced bar chart formations like pin bars , inside bars, engulfing bars etc?

Thanks
thepatternsite.com
  • #245
  • Feb 27, 2010 10:49pm Feb 27, 2010 10:49pm
Quoting GEfx
thepatternsite.com
Thanks GEfx.
  • #246
  • Feb 27, 2010 11:15pm Feb 27, 2010 11:15pm
Possible double top forming with a pin bar a top of the possible 2nd top...right on the diagonal resistance trendline.

anyone else's interpretation is strongly encouraged.

good luck and thanks.
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  • #247
  • Feb 28, 2010 4:26am Feb 28, 2010 4:26am
Here's difference of the same chart but one with candlestick other with line... from experienced traders: line chart reliable or?
for EU there s a possible move to 1.3688 however i m more bearish medium term...
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  • #248
  • Feb 28, 2010 4:42am Feb 28, 2010 4:42am
first on H4, second on Daily.
almost same pattern isnt it? so next move higher?
Attached Images
  • #249
  • Feb 28, 2010 4:55am Feb 28, 2010 4:55am
probability higher to move lower?
look at how many insiders worked out... the more insiders, the more sharp the move will be.
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  • #250
  • Feb 28, 2010 1:59pm Feb 28, 2010 1:59pm
Quoting mistersimple
probability higher to move lower?
look at how many insiders worked out... the more insiders, the more sharp the move will be.

Awesome breakdown of the pa Mistersimple. thank you so much for your input..
  • #251
  • Mar 1, 2010 8:15pm Mar 1, 2010 8:15pm
Possible double bar low with higher close...waiting for candle to close...
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  • #252
  • Mar 1, 2010 9:53pm Mar 1, 2010 9:53pm
A possible Inverse H&S on UJ-2hr. Break of $89.40 could see 90.26.
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  • #253
  • Mar 2, 2010 12:15am Mar 2, 2010 12:15am
Heres what my UJ looks like on the 4 hr...looks like a possible double top forming on this time frame...
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  • #254
  • Mar 2, 2010 10:08am Mar 2, 2010 10:08am
Quoting mf036ml
Possible double bar low with higher close...waiting for candle to close...
Ended up breaking sup. and making a pretty decent move downward....
  • #255
  • Mar 2, 2010 11:14am Mar 2, 2010 11:14am
Jumping into the thread for drawing trendlines with support and resistance lines is one of my favorite subjects. I like M15 as a base that M5 has channels within.
How the author of the thread thinks about adding Elliott waves for help?
  • #256
  • Mar 2, 2010 3:59pm Mar 2, 2010 3:59pm
Quoting MarketPips
Jumping into the thread for drawing trendlines with support and resistance lines is one of my favorite subjects. I like M15 as a base that M5 has channels within.
How the author of the thread thinks about adding Elliott waves for help?

MarketPips,

Welcome , Its good to have you here. To be honest with you am open to just about anything that will help in PA analysis that I can learn how to use properly to tip the probabilities a bit in my favor.

Please , If you have any examples on how you implement elliot waves or on how someone like myself or some of the other traders on here could use them to get a better read on the market.

I'd love to see as many examples as you are willing to share.

Once again, its great to have you here.
  • #257
  • Mar 3, 2010 1:44am Mar 3, 2010 1:44am
sorry i was not able to post this chart in time,but i made some decent pips on this fall.
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  • #258
  • Mar 3, 2010 6:52am Mar 3, 2010 6:52am
Some time ago I studied Elliott waves but quit because I heard that some guy studied 2 years and quit in disappointment. Also I read that if to give to do analysis to 20 Elliott technicians, they will define each differently.
But recently I changed my mind. I saw that Elliott waves are of great help if
to use them in confirmation of your strategy.
Just 3 waves up and 2 waves down. In the times when it is unclear, just leave it out.
My example attached.
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  • #259
  • Mar 3, 2010 8:38am Mar 3, 2010 8:38am
and just as many times as you see that setup there are a million other setups on each side of it with some completely different form, not some 123 deal.

what do you see on charts that just keep stepping up the ladder all day in a wicked easy trend? there's no 123 there. more like 123456789........

now on the flipside i generally don't like pyramiding after a third entry because i've found that on average i don't get much more out of the setups i ride and it's easier to not make a losing 4th position, and if the 3 want to keep going for a ride then so be it. that's the only 123 i've found consistent, and probably the setups you are seeing when you are beginning to set your EW trade up are the setups i have already been riding like a donkey and finally getting trailing stopped out of, but as for the others that are runners what do you do then?
Congratulations ScalaFX for coming out of the closet!
  • #260
  • Mar 3, 2010 9:56am Mar 3, 2010 9:56am
elliot wave can be really a different and vast subject for studies
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