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Trend Trading Chart Thread

  • #1,141
  • May 4, 2010 9:34am May 4, 2010 9:34am
i have two posititions open now with some 300 pips locked in. will let this ride for now.

not sure if we will go to 28 or 29 but lets see

Quoting Fx_Genius
I think the bottom will be about 1.28 - 1.29 this week.

Anybody else on this ride?
  • #1,142
  • May 4, 2010 10:00am May 4, 2010 10:00am
Quoting Fx_Genius
I think the bottom will be about 1.28 - 1.29 this week.

Anybody else on this ride?
Oh yes

I wouldn't be surprised to see 1.29 although I don't do top/bottom picking!!

Regards,

Dan
  • #1,143
  • May 4, 2010 10:15am May 4, 2010 10:15am
Quoting DanUK
Oh yes

I wouldn't be surprised to see 1.29 although I don't do top/bottom picking!!

Regards,

Dan
Not really picking Top/Bottom just looking at past (about 1 year old) S/R level.
Attached Image
  • #1,144
  • May 4, 2010 10:53am May 4, 2010 10:53am
Quoting Fx_Genius
Not really picking Top/Bottom just looking at past (about 1 year old) S/R level.
Yes I know you're not really bottom picking!

I agree with your S/R level too but what makes you think that will be the bottom this week? I'm not saying you're wrong - I would just be interested to know your thought process.

Regards,

Dan
  • #1,145
  • May 4, 2010 11:00am May 4, 2010 11:00am
anyone short from 220?
  • #1,146
  • May 4, 2010 11:43am May 4, 2010 11:43am
Yes short from 216.

Quoting coolshades
anyone short from 220?
  • #1,147
  • May 4, 2010 12:02pm May 4, 2010 12:02pm
Quoting DanUK
Yes I know you're not really bottom picking!

I agree with your S/R level too but what makes you think that will be the bottom this week? I'm not saying you're wrong - I would just be interested to know your thought process.

Regards,

Dan
The short answer is what I have been reading about the EU problems in Greece, Portugal, Spain and Italy, good news out of US. And momentum could be hard to stop.

http://www.businessweek.com/news/201...-update1-.html

http://www.businessweek.com/news/201...go-walter.html

http://www.businessweek.com/news/201...-update1-.html
  • #1,148
  • May 4, 2010 1:28pm May 4, 2010 1:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #1,149
  • May 4, 2010 1:38pm May 4, 2010 1:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 26 KB

coz of strong positive correlation between e/u and e/j rebounding from a pair can start a up move in other
  • #1,150
  • May 4, 2010 3:36pm May 4, 2010 3:36pm
Quoting dorostkar
Attachment
no it seems this point could not hold e/u
  • #1,151
  • May 4, 2010 4:50pm May 4, 2010 4:50pm
Hi Dan,
Just taking profit on sell E/U entry 1.3300 tp 300 pips
Waiting for retrace to 1.3200 then sell again.
A/U sell tp 150 pips

Coolshades, I thought you made a buy entry at 1.3300 on the news.
Now your saying you sold 1.3300???

CP
  • #1,152
  • May 4, 2010 6:15pm May 4, 2010 6:15pm
E/U 1.29628 2009 res line, mmm watching this one.
  • #1,153
  • May 5, 2010 4:26am May 5, 2010 4:26am
Im watching USD/CAD - 1.0300 looking to sell here, right on the 50 fib if we see an 4hr bounce.

Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: u-c-s.png Size: 17 KB
  • #1,154
  • May 5, 2010 6:38am May 5, 2010 6:38am
i have both buy and sell open. likely to exit my sells at 2900.

lets see
my buy is long term


Quoting crazzypip
Hi Dan,
Just taking profit on sell E/U entry 1.3300 tp 300 pips
Waiting for retrace to 1.3200 then sell again.
A/U sell tp 150 pips

Coolshades, I thought you made a buy entry at 1.3300 on the news.
Now your saying you sold 1.3300???

CP
  • #1,155
  • May 5, 2010 6:51am May 5, 2010 6:51am
Anyone short with me on this? Went short yesterday and my T/P was missed by 2 pips when i was in slumberland.............i have the following.trend is down and we have 1.5550 Resistance tested a number of times..........cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad (4hr).gif Size: 22 KB
  • #1,156
  • May 5, 2010 6:56am May 5, 2010 6:56am
Good Eye Brixton, am also watching USDCAD just like you are.......but on the Daily..........cheers


Quoting Brixton
Im watching USD/CAD - 1.0300 looking to sell here, right on the 50 fib if we see an 4hr bounce.

Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad (daily).gif Size: 25 KB
  • #1,157
  • May 5, 2010 7:26am May 5, 2010 7:26am
Quoting Brixton
Im watching USD/CAD - 1.0300 looking to sell here, right on the 50 fib if we see an 4hr bounce.

Daily Chart
hi Brixton, how are you,. i am new here and trying to understand this method.

may i ask what do you mean by---(if we see a 4hr bounce)?

thank you
  • #1,158
  • May 5, 2010 8:41am May 5, 2010 8:41am
Hi,

Basically what I mean is that I use the Daily chart to find trends and setups, like the one I posted.. Once the pair gets to the price I'm looking at (in this case 1.0300) I switch down to the 4hr or 1hr chart and observe the price action in and around this price. E.g, does it smash through it? Touch once and decline? Are there any spikes on a perticular side of the market? That sort of thing.
  • #1,159
  • May 5, 2010 8:42am May 5, 2010 8:42am
Quoting Danku
Good Eye Brixton, am also watching USDCAD just like you are.......but on the Daily..........cheers
well, it seems to have smashed through 1.0300 without looking back. Im now watching the decending resistance line to see what happens here.
  • #1,160
  • May 5, 2010 8:47am May 5, 2010 8:47am
Quoting Brixton
Hi,

Basically what I mean is that I use the Daily chart to find trends and setups, like the one I posted.. Once the pair gets to the price I'm looking at (in this case 1.0300) I switch down to the 4hr or 1hr chart and observe the price action in and around this price. E.g, does it smash through it? Touch once and decline? Are there any spikes on a perticular side of the market? That sort of thing.
thank you . I understand, now

thanks again
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