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Backing Trades Thru Charts

  • #681
  • May 17, 2010 1:42pm May 17, 2010 1:42pm
Quoting Hell7
AUD/USD is fighting the median line of this large fork. A daily close below and we'll visit the lower line!

Attachment

USD/CHF reached the upper line of this green pitchfork, where we see some profit taking.

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Amazing USD/CHF bounce to the pip at your fork and AUD/USD holding strong at the median.....Nice catch!!!
  • #682
  • May 17, 2010 3:19pm May 17, 2010 3:19pm
Quoting TheLastCoke
Amazing USD/CHF bounce to the pip at your fork and AUD/USD holding strong at the median.....Nice catch!!!
Look at oil Back to the median line I would say
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  • #683
  • May 17, 2010 3:59pm May 17, 2010 3:59pm
TheLastCoke
profxtrader

THANK YOU VERY MUCH for everything


Cheers,
Depict history, predict future, and the area in between ...
  • #684
  • May 17, 2010 4:02pm May 17, 2010 4:02pm
Hell7

Many thanks too
Depict history, predict future, and the area in between ...
  • #685
  • May 17, 2010 4:08pm May 17, 2010 4:08pm
TheLastCoke

Man, you are genius


Cheers,

Quoting TheLastCoke
Perfect trade, no drawdown. Out and flat

Attachment
Depict history, predict future, and the area in between ...
  • #686
  • May 17, 2010 8:28pm May 17, 2010 8:28pm
TL + 61.8 Fibo may take us to upper TL this time.

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  • #687
  • May 17, 2010 9:21pm May 17, 2010 9:21pm
Quoting TheLastCoke
I'm looking to enter at retest.

Attachment
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  • #688
  • May 17, 2010 10:44pm May 17, 2010 10:44pm
Didn't take this trade because important TL's and support levels were broken but it is a perfect pattern worth posting it.

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  • #689
  • May 18, 2010 4:41am May 18, 2010 4:41am
The USDJPY formed a small Gartely which coincided with a bounce from the upper trendline from it's descending channel. I've added to my shorts at this level. Hopefully I'll see 91.80 broken this trip down. One more bounce or rejection from this level and I'm out. Call me impatient, but there's only so much time I can stay in a trade without it taking off. Otherwise I'm going to pull my hair out and this one is testing my patience.
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Every time you use 'hopium' in a post, God kills a kitten.
  • #690
  • May 18, 2010 11:49am May 18, 2010 11:49am
Quoting TheLastCoke
.3377 is done, if Bear LH at .3401 is kill by a Bull HH it is definitely a new 1h uptrend

Attachment
Is there an indicator to design the trendlines and to mention the tops and the bottoms?
What's the name? Please!
Thank you very much!
  • #691
  • May 18, 2010 1:30pm May 18, 2010 1:30pm
Quoting balouf
Is there an indicator to design the trendlines and to mention the tops and the bottoms?
What's the name? Please!
Thank you very much!
Zigzag. Comes with Metatrader.
Every time you use 'hopium' in a post, God kills a kitten.
  • #692
  • May 18, 2010 4:11pm May 18, 2010 4:11pm
Time to take a step back and look at a long term chart, a zoomed out copy of the EUR/USD weekly chart.

This chart shows that price is in a hurry to reach some nice support, in the form of the 50% retracement of the entire 10 year run up and the lower line of this green pitchfork (where I will enter a massive long term swing long position).
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  • #693
  • Edited May 19, 2010 9:27am May 18, 2010 4:31pm | Edited May 19, 2010 9:27am
This isn't a chart, and while it might seem like bragging, the point of this post is to show people that the way that Hell7 and TheLastCoke trade is simple, yet simply amazing. I've just been recently reborn into naked trading and if this doesn't sell you on it, then nothing will. Trash your indies. I'm going on vacation

EDIT. Just thought I'd post an update in the event that the first one didn't sell you on the idea.
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Every time you use 'hopium' in a post, God kills a kitten.
  • #694
  • May 18, 2010 5:15pm May 18, 2010 5:15pm
Quoting profxtrader
This isn't a chart, and while it might seem like bragging, the point of this post is to show people that the way that Hell7 and TheLastCoke trade is simple, yet simply amazing. I've just been recently reborn into naked trading and if this doesn't sell you on it, then nothing will. Trash your indies. I'm going on vacation
Congrats buddy. Enjoy your vacations!!!
  • #695
  • May 18, 2010 6:36pm May 18, 2010 6:36pm
One more test.

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  • #696
  • May 18, 2010 7:00pm May 18, 2010 7:00pm
Quoting balouf
Is there an indicator to design the trendlines and to mention the tops and the bottoms?
What's the name? Please!
Thank you very much!
If you are talking about the HH and LL text, I put that manually. The white line is from Zig Zag inputs 12, 5 , 3.
  • #697
  • May 18, 2010 7:05pm May 18, 2010 7:05pm


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  • #698
  • May 18, 2010 7:10pm May 18, 2010 7:10pm
Quoting TheLastCoke


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  • #699
  • May 18, 2010 7:15pm May 18, 2010 7:15pm
Bigger picture

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  • #700
  • May 18, 2010 10:09pm May 18, 2010 10:09pm
Inner or outer?

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