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Backing Trades Thru Charts

  • #501
  • Apr 12, 2010 1:03pm Apr 12, 2010 1:03pm
Quoting TheLastCoke
How healthy is this down trend?

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I put my daily TL to the last High around 3815 since it created a new lower low after that high, but I suppose both are valid for S/R.

I think you are right though... Looking at the EURX it broke above the Daily TL so I would keep an eye on it, and if it breaks back down below be very careful.
As long as it holds I'm considering several Euro crosses but not the EU just yet. I want to see a daily above the 3850 and then retrace before I start playing longs there.

Anyway, good calls on the EU longs last week.
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  • #502
  • Apr 12, 2010 1:11pm Apr 12, 2010 1:11pm
Quoting mmccormac
I put my daily TL to the last High around 3815 since it created a new lower low after that high, but I suppose both are valid for S/R.

I think you are right though... Looking at the EURX it broke above the Daily TL so I would keep an eye on it, and if it breaks back down below be very careful.
As long as it holds I'm considering several Euro crosses but not the EU just yet. I want to see a daily above the 3850 and then retrace before I start playing longs there.

Anyway, good calls on the EU longs last week.
I'll be selling as well if we closed below that daily TL. So far I can't see any technical reason to believe that.
Please let me know if you find some bearish clue. I am bullish bias right now but not a blind bull.

Keep posting buddy!!!
  • #503
  • Apr 12, 2010 1:28pm Apr 12, 2010 1:28pm
Quoting OGW
Hi TheLastCoke, great charts you have in here, I've been a silent follower for a while. On a trendline touch like this one, can I ask you what kind of stop you are using? Thank you.
Did you take the trade? How did it go?
  • #504
  • Apr 12, 2010 11:08pm Apr 12, 2010 11:08pm
Quoting TheLastCoke
Did you take the trade? How did it go?
I covered a small long that I had on the touch of the channel, I did not reverse it though. Congratulation on your short and thank you for asking about my trade...
  • #505
  • Apr 12, 2010 11:11pm Apr 12, 2010 11:11pm
Quoting TheLastCoke
Buy limit at .3542 based on S&R, channels and fibos. Gap as SL (adjust accordingly to your MM). Target .3780. RRR= 4:1

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Template Included

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I would wait and buy a fill of that gap if I were you. That's my plan.
  • #506
  • Apr 13, 2010 6:58am Apr 13, 2010 6:58am
Quoting jack.canadia
I would wait and buy a fill of that gap if I were you. That's my plan.
Once we cross that much support I have my doubts on the way up.
  • #507
  • Apr 13, 2010 10:33am Apr 13, 2010 10:33am
Quoting TheLastCoke
Once we cross that much support I have my doubts on the way up.
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  • #508
  • Apr 13, 2010 10:35am Apr 13, 2010 10:35am
Quoting TheLastCoke
Buy limit at .3542 based on S&R, channels and fibos. Gap as SL (adjust accordingly to your MM). Target .3780. RRR= 4:1

Attachment
Template Included
Attachment

I'm gonna be Super Careful on this trade +30 so far. Won't risk much.
Long to the pip, no drawdown so far.
  • #509
  • Apr 13, 2010 1:08pm Apr 13, 2010 1:08pm
Quoting TheLastCoke
This could be a perfect diamond bottom pattern made out of parallel channel.

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Back to support.

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  • #510
  • Apr 13, 2010 1:14pm Apr 13, 2010 1:14pm
Quoting TheLastCoke
I'm gonna be Super Careful on this trade +30 so far. Won't risk much.
Long to the pip, no drawdown so far.
+ 40 right now, this isn't the PA that I was waiting for, therefore SL at BE now.

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  • #511
  • Apr 13, 2010 3:50pm Apr 13, 2010 3:50pm
Quoting TheLastCoke
Buy limit at .3542 based on S&R, channels and fibos. Gap as SL (adjust accordingly to your MM). Target .3780. RRR= 4:1
Attachment
Template Included
Attachment
Quoting TheLastCoke
I'm gonna be Super Careful on this trade +30 so far. Won't risk much.
Long to the pip, no drawdown so far.
If it wasn't for that ''GAP'' I would normally let this trade run but I just can get rid of that bearish idea.

Clean trade +70. No draw down. I'll re-evaluate later.

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  • #512
  • Apr 13, 2010 11:33pm Apr 13, 2010 11:33pm
Quoting TheLastCoke
Back to support.

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Nice bounce so far.

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  • #513
  • Apr 14, 2010 8:12am Apr 14, 2010 8:12am
Hi Coke,

Been following your charts since the start, and really love what you are showing us.

I just took a Long on EUR/GBP according to channel.
Lets see if it holds.http://screencast.com/t/ODlmZTIw
  • #514
  • Apr 14, 2010 8:38am Apr 14, 2010 8:38am
Also took a small short on EURUSD - M15 at the upper TL.

http://screencast.com/t/ZGFhYmRmYj
  • #515
  • Apr 14, 2010 8:55am Apr 14, 2010 8:55am
Quoting TheLastCoke
If it wasn't for that ''GAP'' I would normally let this trade run but I just can get rid of that bearish idea.

Clean trade +70. No draw down. I'll re-evaluate later.

Attachment
Hi...I am a new trader and really watch these forums for ideas from experienced and skilled traders. You have really caught my attention. I just downloaded the template you posted yesterday for EURUSD...I really got burned last Friday with it. I'm just going to sit out and study your charts and posts for a while. I appreciate that you don't get caught up in a lot of drama and stay focused on the trading. Thanks again for sharing!!
  • #516
  • Apr 14, 2010 9:00am Apr 14, 2010 9:00am
Coke, I attach images with both post but none are showing. Sorry for that.

-PipFellas-
  • #517
  • Apr 14, 2010 9:26am Apr 14, 2010 9:26am
Quoting UgoPips
Hi...I am a new trader and really watch these forums for ideas from experienced and skilled traders. You have really caught my attention. I just downloaded the template you posted yesterday for EURUSD...I really got burned last Friday with it. I'm just going to sit out and study your charts and posts for a while. I appreciate that you don't get caught up in a lot of drama and stay focused on the trading. Thanks again for sharing!!
Your posts will be very welcome. If you have a different perspective on any chart that I post, please let me know as well.
  • #518
  • Apr 14, 2010 9:27am Apr 14, 2010 9:27am
Quoting pipfellas
Coke, I attach images with both post but none are showing. Sorry for that.

-PipFellas-
I have no idea why. Did you go to Attachments and uploaded it from there?

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  • #519
  • Apr 14, 2010 9:45am Apr 14, 2010 9:45am
Coke,

Thanks, I add the URL for the images, trying now uploading them (see below)
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  • #520
  • Apr 14, 2010 9:48am Apr 14, 2010 9:48am
And the EUR/USD. Did close it at 1.3605

Thanks a lot!!!
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