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Backing Trades Thru Charts

  • #621
  • May 12, 2010 3:01pm May 12, 2010 3:01pm
Just thought I'd post this. It goes along with my analysis for the GBPJPY. I'm still short and still targeting the lows of last Thursday. if we don't get a close inside the old channel. For now it looks like demand is being absorbed and it'll continue on down.

The chart is from eSignal with a plugin from TradeGuider. I know we're trading naked charts here, but volume is a key principle I've been trying to develop so it's natural to delve in to the world of VSA to see what's happening around my trendlines, channels, etc. Anyway, let me know what your thoughts are.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 233 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #622
  • May 13, 2010 5:07am May 13, 2010 5:07am
Quoting profxtrader
Just thought I'd post this. It goes along with my analysis for the GBPJPY. I'm still short and still targeting the lows of last Thursday. if we don't get a close inside the old channel. For now it looks like demand is being absorbed and it'll continue on down.

The chart is from eSignal with a plugin from TradeGuider. I know we're trading naked charts here, but volume is a key principle I've been trying to develop so it's natural to delve in to the world of VSA to see what's happening around my trendlines, channels, etc. Anyway, let me know what...
Look at the notes on that chart. That's exactly what happened. Looks like I'm going to have to start doing some serious reading up on VSA.
Every time you use 'hopium' in a post, God kills a kitten.
  • #623
  • May 13, 2010 7:59am May 13, 2010 7:59am
I got a PM asking if I actually take the trades I post... well of course I do. I take more than just the ones I post. I don't always have time to post them, but here you go. Here's the current batch of trades. No time to label them all, but trendlines and such are all in place so you can tell why I took them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.jpg Size: 111 KB
Click to Enlarge Name: CADJPY.jpg Size: 116 KB
Click to Enlarge Name: CHFJPY.jpg Size: 106 KB
Click to Enlarge Name: EURJPY.jpg Size: 98 KB
Click to Enlarge Name: EURUSD.jpg Size: 106 KB
Click to Enlarge Name: GBPCAD.jpg Size: 105 KB
Click to Enlarge Name: gbpjpy.jpg Size: 110 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #624
  • May 13, 2010 8:01am May 13, 2010 8:01am
And the rest..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY.jpg Size: 105 KB
Click to Enlarge Name: USDCHF.jpg Size: 110 KB
Click to Enlarge Name: USDCAD.jpg Size: 103 KB
Click to Enlarge Name: USDJPY.jpg Size: 99 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #625
  • May 13, 2010 8:18am May 13, 2010 8:18am
Hi profxtrader. Did you take your short off the first trendline touch in USD/JPY, or the second?
Gone to a better place
  • #626
  • May 13, 2010 8:20am May 13, 2010 8:20am
Quoting smikester
Hi profxtrader. Did you take your short off the first trendline touch in USD/JPY, or the second?
The current trade is on the second although I took one on the first as well but it was stopped out @ breakeven.
Every time you use 'hopium' in a post, God kills a kitten.
  • #627
  • May 13, 2010 8:49am May 13, 2010 8:49am
Quoting profxtrader
What are you targeting on that one? I've got 1.2550, but will watch price action as the gap is filled.
Excellent!!!!
  • #628
  • May 13, 2010 9:13am May 13, 2010 9:13am
Quoting TheLastCoke
Excellent!!!!
Actually I lowered it a bit to 1.2485. Let's hope I'm not wrong

http://www.forexfactory.com/attachme...2&d=1273755567
Every time you use 'hopium' in a post, God kills a kitten.
  • #629
  • May 13, 2010 9:52am May 13, 2010 9:52am
Two possible scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY2.jpg Size: 120 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #630
  • May 13, 2010 10:17am May 13, 2010 10:17am
Attached Image (click to enlarge)
Click to Enlarge Name: perfect.gif Size: 13 KB
  • #631
  • May 13, 2010 11:28am May 13, 2010 11:28am
Here it is, with comments.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 129 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #632
  • May 13, 2010 11:42am May 13, 2010 11:42am
This is a gigantic RRR trade. Crab + Channel. It is a perfect Crab where B, C, and D met the parameters.

Attached Image (click to enlarge)
Click to Enlarge Name: daily signal.gif Size: 22 KB


Keep in mind that this is a Daily signal.
  • #633
  • May 13, 2010 1:05pm May 13, 2010 1:05pm
Quoting TheLastCoke
This is a gigantic RRR trade. Crab + Channel. It is a perfect Crab where B, C, and D met the parameters.

Attachment

Keep in mind that this is a Daily signal.
Nice call!
Every time you use 'hopium' in a post, God kills a kitten.
  • #634
  • May 13, 2010 1:41pm May 13, 2010 1:41pm
This is a great forum!!!

I will begin posting as well, if that is okay?
Dr. C
  • #635
  • May 13, 2010 1:47pm May 13, 2010 1:47pm
Quoting TheLastCoke
Keep in mind that this is a Daily signal.
And that it's the EURCHF... meaning it'll do nothing for a week and skyrocket in a day.
Every time you use 'hopium' in a post, God kills a kitten.
  • #636
  • May 13, 2010 7:03pm May 13, 2010 7:03pm
Quoting cvcamper
This is a great forum!!!

I will begin posting as well, if that is okay?
More than welcome!!!
  • #637
  • Edited May 14, 2010 1:10am May 13, 2010 11:49pm | Edited May 14, 2010 1:10am
Flag in the making.

Attached Image (click to enlarge)
Click to Enlarge Name: bearflag.gif Size: 15 KB


Edit: Quick pips, sold at E. Grabbed 30. Waiting to see if this bottom is gonna hold.
  • #638
  • May 14, 2010 12:08am May 14, 2010 12:08am
Quoting TheLastCoke
Flag in the making.

Attachment
Saw your post on EURUSD thread!

I have a somewhat similar idea, but I am going to wait until the lower trendline to break instead of shorting at E as indicated on your chart!! Well i should really say i don't have the guts to short up there lol;;

BTW great analysis!!
  • #639
  • May 14, 2010 12:19am May 14, 2010 12:19am
Quoting perstoman
Saw your post on EURUSD thread!

I have a somewhat similar idea, but I am going to wait until the lower trendline to break instead of shorting at E as indicated on your chart!! Well i should really say i don't have the guts to short up there lol;;

BTW great analysis!!
''It pays to be conservative''
  • #640
  • Edited 3:28am May 14, 2010 2:54am | Edited 3:28am
Quoting TheLastCoke
Flag in the making.

Attachment

Edit: Quick pips, sold at E. Grabbed 30. Waiting to see if this bottom is gonna hold.
Your target on this one puts it right at my target from the 1.3000 is retest. 1.2485 and I'll probably get long from there.

EDIT. I don't know. I'll be seeing what happens at the bottom of the channel as well as the top of the USDCHF channel.
Every time you use 'hopium' in a post, God kills a kitten.
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