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Backing Trades Thru Charts

  • #461
  • Apr 8, 2010 3:11pm Apr 8, 2010 3:11pm
that low? thinking more like 1,345 or above?
  • #462
  • Apr 8, 2010 3:31pm Apr 8, 2010 3:31pm
Quoting Matt99
that low? thinking more like 1,345 or above?
I'm talking about G/U. On E/U I'll be happy to see .3277 taken down so it will be making a new HH

Edit: sorry my mistake
  • #463
  • Apr 8, 2010 4:12pm Apr 8, 2010 4:12pm
Quoting TheLastCoke
I'm talking about G/U. On E/U I'll be happy to see .3277 taken down so it will be making a new HH

Edit: sorry my mistake
It is alright. HH=Higher high? My daily closed as hammer in E/U ,is it a reliable signal for reversal?
  • #464
  • Apr 8, 2010 9:28pm Apr 8, 2010 9:28pm
Quoting TheLastCoke
It will be a bull territory if we break the Neck line.

Attachment
This looks like a normal re-test before the break.

Attached Image (click to enlarge)
Click to Enlarge Name: broke.gif Size: 22 KB
  • #465
  • Apr 8, 2010 9:40pm Apr 8, 2010 9:40pm
Quoting TheLastCoke
This flag is looking good, i'll buy at the re-test.

Attachment
Flag broke north as expected but only for 30 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: flag2.gif Size: 17 KB
  • #466
  • Apr 8, 2010 10:03pm Apr 8, 2010 10:03pm
Bears can make it real easy at this point, but if they allow bulls to build that W we won't see lower levels any time soon.

Attached Image (click to enlarge)
Click to Enlarge Name: w.gif Size: 22 KB
  • #467
  • Apr 8, 2010 10:17pm Apr 8, 2010 10:17pm
Quoting TheLastCoke
This could be the bottom, HH made but I would like to see it break .3377 to call a trend change.

Attachment
.3377 is done, if Bear LH at .3401 is kill by a Bull HH it is definitely a new 1h uptrend

Attached Image (click to enlarge)
Click to Enlarge Name: 3401.gif Size: 19 KB
  • #468
  • Apr 9, 2010 12:25am Apr 9, 2010 12:25am
38.2% Fib. ret. + Support.

Attached Image (click to enlarge)
Click to Enlarge Name: 38+support.gif Size: 17 KB
  • #469
  • Apr 9, 2010 2:10am Apr 9, 2010 2:10am
Quoting TheLastCoke
38.2% Fib. ret. + Support.

Attachment
With all due respect.....I have just done the same.....

I went long based on the morning pull back and support....

Beautiful pips and easy pips to be made

Well done
Let Price determine your future!
  • #470
  • Apr 9, 2010 2:10am Apr 9, 2010 2:10am
Quoting TheLastCoke
38.2% Fib. ret. + Support.

Attachment
Out because of wife (+ 50) Clean trade.
  • #471
  • Apr 9, 2010 2:11am Apr 9, 2010 2:11am
Quoting Geppyg
With all due respect.....I have just done the same.....

I went long based on the morning pull back and support....

Beautiful pips and easy pips to be made

Well done
Thanks and congrats to you too!!!
  • #472
  • Apr 9, 2010 2:12am Apr 9, 2010 2:12am
Quoting TheLastCoke
Thanks and congrats to you too!!!
Great minds think alike...
Let Price determine your future!
  • #473
  • Apr 9, 2010 7:41am Apr 9, 2010 7:41am
TL done it before as resistance, let's see how it does it as support.

Attached Image (click to enlarge)
Click to Enlarge Name: tl1.gif Size: 16 KB
  • #474
  • Apr 9, 2010 7:53am Apr 9, 2010 7:53am
It broke the pennant and the W neck line, this Parallel channel is holding now.

Attached Image (click to enlarge)
Click to Enlarge Name: channel.gif Size: 17 KB
  • #475
  • Apr 9, 2010 9:26am Apr 9, 2010 9:26am
Quoting TheLastCoke
TL done it before as resistance, let's see how it does it as support.

Attachment
Out, clean trade. 61.8% reached. Waiting to read PA and re-evaluate.

Attached Image (click to enlarge)
Click to Enlarge Name: tlout.gif Size: 15 KB
  • #476
  • Apr 9, 2010 9:43am Apr 9, 2010 9:43am
Depending on PA my next entry could be .3400

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Click to Enlarge Name: entry.gif Size: 15 KB
  • #477
  • Apr 9, 2010 10:37am Apr 9, 2010 10:37am
Bulls looks unstoppable, If they manage to close above this blue TL, the yellow TL seems like a possible target.

Attached Image (click to enlarge)
Click to Enlarge Name: tlstop.gif Size: 18 KB
  • #478
  • Apr 9, 2010 5:07pm Apr 9, 2010 5:07pm
Quoting TheLastCoke
This could be a perfect diamond bottom pattern made out of parallel channel.

Attachment
Broke nicely.

Attached Image (click to enlarge)
Click to Enlarge Name: diamond2.gif Size: 20 KB
  • #479
  • Apr 10, 2010 12:41pm Apr 10, 2010 12:41pm
This is my view for the next week. PA will tell so I'll adujust accordly.
Chart includes:

1. Yellow daily parallel channel
2. Blue 4h parallel channel (wacht out for the upside break of this one #466 )
3. Yellow fibo. (50% is important and merges with old support now resistance #80 #330 #418 #419)
4. Green TL
5. Dotted blue ''mediam TL''
6. White Fibo (disregard this one if you want because it is based on the yellow fibo 50% bounce).

Attached Image (click to enlarge)
Click to Enlarge Name: nextweek.gif Size: 20 KB


Good luck for this comming week!!!

Attached File(s)
File Type: tpl nextweek.tpl   19 KB | 266 downloads


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  • #480
  • Apr 10, 2010 5:23pm Apr 10, 2010 5:23pm
Some posts to keep in mind.

#215358

#223355

#220581

#223372
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