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Backing Trades Thru Charts

  • #541
  • Apr 21, 2010 10:50am Apr 21, 2010 10:50am
Quoting TheLastCoke
50 pips bounce so far.

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It finally bounced 100 pips away from red TL. Yellow equidistant channel is holding now, it gave a nice rejection, 50 pips so far.

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  • #542
  • Apr 21, 2010 1:17pm Apr 21, 2010 1:17pm
Quoting TheLastCoke
It finally bounced 100 pips away from red TL. Yellow equidistant channel is holding now, it gave a nice rejection, 50 pips so far.

Attachment
If target TL breaks I'll reenter at retest.

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  • #543
  • Apr 21, 2010 3:22pm Apr 21, 2010 3:22pm
This looks like a bearish pennant but at the same time it can play the ascending triangle role.

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If it breaks the range to the down side the lower red TL could be the target, forming a triple bottom pattern.

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  • #544
  • Apr 22, 2010 5:49am Apr 22, 2010 5:49am
Quoting Hell7
Hi Coke,

I just posted some charts on the EUR/USD thread.

EUR/USD
USD
USD/CHF

Should have posted them here in the first place to avoid them getting lost in the noise
Hoping for a breach of the yellow TL, so price can reach my target much much higher
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  • #545
  • Apr 22, 2010 10:07pm Apr 22, 2010 10:07pm
Hi TLC, i just took a sell on usdjpy @ 93.47 reason: bearish butterfly on 1hour time frame. Hope you caught that too?
  • #546
  • Apr 22, 2010 10:47pm Apr 22, 2010 10:47pm
Quoting forexcompoun
Hi TLC, i just took a sell on usdjpy @ 93.47 reason: bearish butterfly on 1hour time frame. Hope you caught that too?
What's your TP?
  • #547
  • Apr 22, 2010 10:57pm Apr 22, 2010 10:57pm
Quoting forexcompoun
Hi TLC, i just took a sell on usdjpy @ 93.47 reason: bearish butterfly on 1hour time frame. Hope you caught that too?
It is a perfect one, Shame I missed it. Any way T1 met but be careful with T2.

Attached Image (click to enlarge)
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  • #548
  • Apr 22, 2010 11:08pm Apr 22, 2010 11:08pm
Quoting TheLastCoke
It is a perfect one, Shame I missed it. Any way T1 met but becareful with T2.

Attachment
My tp on this trade is open for now bro. After I noticed a band squeeze on my 1hr calculation yesterday, I just needed to await the first and FALSE move before entering the correct one. Anywhere between 92.98/91 should be an okay exit for today. Happy trading!
  • #549
  • Apr 22, 2010 11:13pm Apr 22, 2010 11:13pm
Quoting forexcompoun
My tp on this trade is open for now bro. After I noticed a band squeeze on my 1hr calculation yesterday, I just needed to await the first and FALSE move before entering the correct one. Anywhere between 92.98/91 should be an okay exit for today. Happy trading!
My best wishes buddy!!!
  • #550
  • Apr 22, 2010 11:41pm Apr 22, 2010 11:41pm
Parallel Channel is holding, bounced to the pip.

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  • #551
  • Apr 22, 2010 11:43pm Apr 22, 2010 11:43pm
Quoting TheLastCoke
Parallel Channel is holding, bounced to the pip.
Nice. What's your take on cable, coke?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #552
  • Apr 22, 2010 11:54pm Apr 22, 2010 11:54pm
Quoting realjumper
Nice. What's your take on cable, coke?
For what it's worth, just before I go home.....this nice little breakout occurred just as I posted the chart of the pending BO on the EU thread. I've got no position here until later......at least until after frankie!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #553
  • Apr 22, 2010 11:59pm Apr 22, 2010 11:59pm
Quoting realjumper
Nice. What's your take on cable, coke?
Short term flat until this 4H symmetrical triangle breaks up. On the long term I'm bullish #235

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  • #554
  • Apr 23, 2010 12:05am Apr 23, 2010 12:05am
Quoting TheLastCoke
Short term flat until this 4H symmetrical triangle breaks up. On the long term I'm bullish #235
Okay, thanks for that. I'm pretty much shooting from the hip at breakout time with this pair.....more due to the uncertainty of the economy and the upcoming elections in the UK than anything else.

Home time.....back at the frankie hour

Cheers
Doing what you like is Freedom. Liking what you do is Happiness.
  • #555
  • Apr 23, 2010 12:26am Apr 23, 2010 12:26am
I'm expecting my third daughter anytime soon, so I won't be able to post very often. (you know dipers and stuff).

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  • #556
  • Apr 23, 2010 12:52am Apr 23, 2010 12:52am
Quoting TheLastCoke
I'm expecting my third daughter anytime soon, so I won't be able to post very often. (you know dipers and stuff).


Do pop in from time to time, to say hello and to post one of your beautiful charts
  • #557
  • Apr 23, 2010 3:25am Apr 23, 2010 3:25am
Quoting TheLastCoke
I'm expecting my third daughter anytime soon, so I won't be able to post very often. (you know dipers and stuff).

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Congratulations TLC! I had one of those New Years Eve... it does slow you down somewhat!

May all your troubles be little ones.

David
  • #558
  • Apr 23, 2010 10:38am Apr 23, 2010 10:38am
Quoting TheLastCoke
Parallel Channel is holding, bounced to the pip.

Attachment
First of all, let me thank you all for your posts and PM's regarding my new one.

It was a perfect channel bounce. We are now at top so I let it go.

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  • #559
  • Apr 26, 2010 3:06pm Apr 26, 2010 3:06pm
E/U H&S

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  • #560
  • Apr 26, 2010 3:22pm Apr 26, 2010 3:22pm
H&S Tentative Target

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