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Backing Trades Thru Charts

  • #101
  • Mar 4, 2010 9:12pm Mar 4, 2010 9:12pm
Quoting Kambooj
I agree with you too.

I have put some comments on your chart, and that structure that I have marked has a tremendous pull back, so I wouldnt be surprised that the straw that will break the camels back tomorrow will go down, and much further down that we thought. It would not bounce upwards because I think if it would have gone upwards, it already should have. The 3734 high shows there is tremendous resistance at the 23.6 fib level. The only way left is more down.

Take Care
Thanks for your input. Mate I will appreciate if you elaborate some more about Glenn Neely Neowave theory.
  • #102
  • Mar 4, 2010 9:14pm Mar 4, 2010 9:14pm
Quoting TheLastCoke
Thanks for your input. Mate I will appreciate if you elaborate some more about Glenn Neely Neowave theory.
I have the pdf of the book- in case you are interested
  • #103
  • Mar 4, 2010 9:20pm Mar 4, 2010 9:20pm
Quoting shahab8b
hi TheLastCoke, nice thread,
I saw the bearish flag too, but I'm a bit cautious about being bearish due to getting support at fib 61%, we may head higher again, I will sell at S>R at 1.3633
Keep in mind that we are at 38.2 Ret. from the recent drop. Decent retrace to continiue downwards. I am flat now but I will definitely sell at the break of this flag.
Attached Image (click to enlarge)
Click to Enlarge Name: 38.2.gif Size: 13 KB
  • #104
  • Mar 4, 2010 9:22pm Mar 4, 2010 9:22pm
Quoting shahab8b
I have the pdf of the book- in case you are interested
Mate I would love to have it. If you can E-Mail me @ [email protected]

Thanks.
  • #105
  • Mar 4, 2010 10:03pm Mar 4, 2010 10:03pm
Quoting TheLastCoke
Mate I would love to have it. If you can E-Mail me @ [email protected]

Thanks.
i sent it
  • #106
  • Mar 4, 2010 10:12pm Mar 4, 2010 10:12pm
Quoting shahab8b
i sent it
Thank you very much.
  • #107
  • Mar 5, 2010 8:03am Mar 5, 2010 8:03am
Quoting TheLastCoke
Perfect E/A 5-0 Pattern completed to the pip at 50% BC. Target .4990
Right on target.
Attached Image (click to enlarge)
Click to Enlarge Name: 50t.gif Size: 19 KB
  • #108
  • Mar 5, 2010 8:18am Mar 5, 2010 8:18am
Does this mean that EURAUD will go back up from here? I am not quite understand. Can you please elaborate based on your wonderful chart? Many thanks
  • #109
  • Mar 5, 2010 8:37am Mar 5, 2010 8:37am
Quoting meovn63
Does this mean that EURAUD will go back up from here? I am not quite understand. Can you please elaborate based on your wonderful chart? Many thanks
I was short from .5145 targeting support at .4990. This could be a nice double bottom but I am flat now.
  • #110
  • Mar 5, 2010 8:54am Mar 5, 2010 8:54am
Thank you for your explaination. The ABCD pattern that you draw is Gartley pattern or Elliott Wave? I am trying to learn the technique. Many thanks again.
  • #111
  • Mar 5, 2010 5:22pm Mar 5, 2010 5:22pm
Quoting meovn63
Thank you for your explaination. The ABCD pattern that you draw is Gartley pattern or Elliott Wave? I am trying to learn the technique. Many thanks again.
Read this when you have the time, will help you a lot.

http://harmonictrader.com/price_patterns.htm

Take care.
  • #112
  • Mar 5, 2010 5:35pm Mar 5, 2010 5:35pm
Quoting TheLastCoke
Look where it bounced!!! Right at 161.8 FE this is a perfect AB=CD set up.
Quoting meovn63
What do you think of GBP/JPY, especially on H4 candlestick chart? Do you think this is bullish with bottom at 132.53?
Patience Pays. Right on Target.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 16 KB
  • #113
  • Mar 5, 2010 6:44pm Mar 5, 2010 6:44pm
Quoting TheLastCoke
G/U Possible Bearish Gartley.
Even though the sell point was triggered to the pip, the pattern got invalidated due to extended time and out of range PA. Not taking this call,
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 18 KB
  • #114
  • Mar 5, 2010 11:03pm Mar 5, 2010 11:03pm
Hi LastCoke, hi all.

I am a kind of newbie to short terms trades, i have 2 years experience and i am most a long term trader.
I have seen some of your analisys in thread EURUSD, its refreshing to see "kiss" in action and clean charts, yours are powerful and very helpful.
I noted you are begining this thread, its a pleasure to see your analisys, charts and read your views points.

naked charts... but I am seeing you use often some patterns. Your prefered seems harmonics. I am looking to improve my short terms trades. in your experience are they accurate to small TF? ie 15mins, 5mins?

i trade more TF4H, with Fibs, S/R TLs, sometimes daily TF.

thanks

ps: i am suscribing
  • #115
  • Mar 6, 2010 10:56am Mar 6, 2010 10:56am
Quoting zapmx
Hi LastCoke, hi all.

I am a kind of newbie to short terms trades, i have 2 years experience and i am most a long term trader.
I have seen some of your analisys in thread EURUSD, its refreshing to see "kiss" in action and clean charts, yours are powerful and very helpful.
I noted you are begining this thread, its a pleasure to see your analisys, charts and read your views points.

naked charts... but I am seeing you use often some patterns. Your prefered seems harmonics. I am looking to improve my short terms trades. in your experience are they...
Thanks, for your interest in this thread. Haven't tried harmonics in 5MTF but I can recomend their use in 15M and higher. Good thing about harmonics is the RRR. Very often harmonics will provide you with levels that confluence with some fibos or TL's, so you can use them as a support to your own strategy.

GL.
  • #116
  • Mar 6, 2010 11:25am Mar 6, 2010 11:25am
Quoting TheLastCoke
Patience Pays. Right on Target.
be careful with your 2nd target on G/J
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
  • #117
  • Mar 6, 2010 11:39am Mar 6, 2010 11:39am
Quoting shahab8b
be careful with your 2nd target on G/J
Hello Shahab, The second target is right at 38.2 major fibo ret. Same spot where you have your prediction. Look at the chart, I added the same fibo that you have.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 17 KB
  • #118
  • Mar 6, 2010 4:21pm Mar 6, 2010 4:21pm
So far some of the E/U movements have been copied like an image in a mirror in this round bottom. If the uptrend develops this S&R levels can come into play.
Attached Image (click to enlarge)
Click to Enlarge Name: round.gif Size: 18 KB
  • #119
  • Mar 6, 2010 7:32pm Mar 6, 2010 7:32pm
I didn't know you started a thread. I'll go back and read.

congrats on the new thread
  • #120
  • Mar 6, 2010 10:22pm Mar 6, 2010 10:22pm
Thank you very much for pointing me to the link. I appreciate your time.
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