Backing Trades Thru Charts

Let me share this post (if Geppyg doesn't mind) #215952

U/J found heavy resistance.

Hi TLC,

Hope all is well,

We are all here to share and you Mr chartist.....what to say always seem to excel in my expectations..

Have a lovely Day

GeppyG

I was somehow expecting the same reaction in E/U #377

Hello guys,

what do you thing about this method ???

Eur/Jpy, Daily chart...

''Magnet TL''.

Little TL did it again but now its bigger cousin, the parallel channel is helping her (start from top). I'm long almost to the pip. Notice the rejection at the bottom of the channel. First target is old support (.3440's-50's). I'll be out if lower TL is broken.

Is it possible ???

I see 93.80's first but I'm flat on this one and stopped out already #382

A/U: Head & Shoulders at 4Hr
Short .9130 SL=.9200 TP=90,8850

Could be a good one #293

I have code a EA with a zigzag indicator, i can maybe modify for you here to work like you need it, if you have interest please red this topic then:

http://www.forexfactory.com/showthre...44#post3584744

currently I have code a pattern like this:
http://www.harmonictrader.com/3drivesbullre.jpg

Testing the channel again #387

short U/J at 92.80 SL=93.30
sell limit G/U at 1.4925-50 SL=1.5050

Hi all,
I hope this qualifies as a chart pattern. We can sell till the neckline (135.2x region).
Happy trading!

This is a mid-term exam. #387 #393

Trade closed for 240 & 195 pips. Reason - I don't like holding over the weekend, price is just above just the green line & at the nice round number 0.9

I expect much more downside, but I'm hoping for a nice bounce here to provide a better entry

Richard Wyckoff was a trader from the 1920s. He wrote several books on the Market, and eventually set up the "Stock Market Institute" in Phoenix.

Phase A is characterized by a prolonged decline to "preliminary support" (PS on the chart), which provides temporary relief before the "selling climax" (SC). That climax is accompanied by sharply expanding volume as weak holders bail out in a panic. The climax is followed by an "automatic rally" (AR), suggesting the selling has been exhausted, and then a "secondary test" (ST) of the climax lows, during which volume is diminished. Phase B contains basing action characterized by a series of rallies and secondary tests. The "creek" on the chart basically refers to a trendline connecting peaks of said rallies. A "jump across the creek" is a "sign of strength" (SOS) that provides evidence a bottom has occurred and buyers are emerging. These "jumps" occur in phases C and D on the chart.
Also in phase C, there's another selloff and a marginal break of the selling climax lows. If such a test is accompanied by lower volume than that during the selling climax, it could be a setup for a Wyckoff Spring, a bullish pattern detailed here in March 2001.
Following the spring (no. 8 on the chart) and those "signs of strength" in phases C and D, there's another selloff in phase D to the "last point of support" (LPS), after which this hypothetical example explodes higher.

Source: San Francisco Technical Securities Analysts Association

It doesn't get closer than this.

My god man, where do you find this stuff!? If this one plays out (and I hope it does) they'll give you a Nobel Prize or something... Have a great weekend.

David