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Backing Trades Thru Charts

  • #781
  • May 23, 2010 8:36pm May 23, 2010 8:36pm
Quoting uraceulose
I had to exit that G/J trade @ the dp there. gotta go check the bbq and eat
First things first!!! Enjoy
  • #782
  • May 23, 2010 8:40pm May 23, 2010 8:40pm
Quoting ppxdf
is it a message for those who are holding a short_losing_position to close @ 1.2469?
would you close all your short there?
to be honest, I thinking to keep my risk

ps:
i have a short with -200 pips and I am still think it goes down

I'm not holding any long term E/U trade, I'm trading this pair one step at the time. It is a good place to take profits and play the bounce. Keep in mind that, it is a 30M chart.
  • #783
  • May 23, 2010 9:03pm May 23, 2010 9:03pm
Attached Image (click to enlarge)
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  • #784
  • May 23, 2010 9:13pm May 23, 2010 9:13pm
Anyone in EURCAD?

Had to take a hedge...the sucker was tanking...still has a nice bull flag though...dunno if it'll hold.
In Charts We Trust!
  • #785
  • May 23, 2010 9:16pm May 23, 2010 9:16pm
Quoting X.Oden
Anyone in EURCAD?

Had to take a hedge...the sucker was tanking...still has a nice bull flag though...dunno if it'll hold.
I'm bullish due to this flag like PA. I'll start buying around .3240's, tight SL.
  • #786
  • May 23, 2010 9:25pm May 23, 2010 9:25pm
K...I may join you depending on if I see a breakout signal...I'm currently hedged now to stop the temporary bleeding....

Quoting TheLastCoke
I'm bullish due to this flag like PA. I'll start buying around .3240's, tight SL.
In Charts We Trust!
  • #787
  • May 23, 2010 11:27pm May 23, 2010 11:27pm
Quoting TheLastCoke
Attachment
Nice chart, I am looking at this pair also. Waiting for some PA to confirm.
Dr. C
  • #788
  • May 24, 2010 12:36am May 24, 2010 12:36am
Flag in the making

Attached Image (click to enlarge)
Click to Enlarge Name: bearpa.gif Size: 15 KB
  • #789
  • May 24, 2010 3:18am May 24, 2010 3:18am
I am still long GBPCHF so I have a slightly different view. This is why:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.jpg Size: 130 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #790
  • May 24, 2010 3:29am May 24, 2010 3:29am
Quoting profxtrader
I am still long GBPCHF so I have a slightly different view. This is why:
Nice one, I got stopped out

This TL gave me back some. I'm already out.

Attached Image (click to enlarge)
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  • #791
  • May 24, 2010 3:30am May 24, 2010 3:30am
Quoting X.Oden
K...I may join you depending on if I see a breakout signal...I'm currently hedged now to stop the temporary bleeding....
Stopped out on this one too!
  • #792
  • May 24, 2010 4:35am May 24, 2010 4:35am
5-0 Pattern

Attached Image (click to enlarge)
Click to Enlarge Name: 5-0.gif Size: 21 KB
  • #793
  • May 24, 2010 4:36am May 24, 2010 4:36am
Quoting TheLastCoke
Flag in the making

Attachment
In your opinion does a flag have to have a 5 wave structure to be valid?
Every time you use 'hopium' in a post, God kills a kitten.
  • #794
  • May 24, 2010 4:43am May 24, 2010 4:43am
Quoting profxtrader
In your opinion does a flag have to have a 5 wave structure to be valid?
IMHO it should have an ABCDE count. I'm not that strict on the TL's bounce but I am on the count.

Attached Image
  • #795
  • May 24, 2010 4:52am May 24, 2010 4:52am
Quoting TheLastCoke
IMHO it should have an ABCDE count. I'm not that strict on the TL's bounce but I am on the count.

Attachment
Thanks! And gentlemen, let me be the first to say this. Keep your eyes on the charts. PA is getting into a narrower and narrower range. When the breakouts DO happen, and whatever direction they decide to go, they're gonna be violent most likely.
Every time you use 'hopium' in a post, God kills a kitten.
  • #796
  • May 24, 2010 4:57am May 24, 2010 4:57am
Quoting profxtrader
Thanks! And gentlemen, let me be the first to say this. Keep your eyes on the charts. PA is getting into a narrower and narrower range. When the breakouts DO happen, and whatever direction they decide to go, they're gonna be violent most likely.
Hope it goes our way!!!!
  • #797
  • May 24, 2010 5:03am May 24, 2010 5:03am
Quoting TheLastCoke
Hope it goes our way!!!!
I'm still bullish on the USD and JPY.
Every time you use 'hopium' in a post, God kills a kitten.
  • #798
  • May 24, 2010 5:20am May 24, 2010 5:20am
Quoting TheLastCoke
Perfect Channel (short term)

Attachment
T1 met

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  • #799
  • May 24, 2010 5:32am May 24, 2010 5:32am
And the retest mentioned here:

http://www.forexfactory.com/showpost...&postcount=789

Long position added.
Attached Image (click to enlarge)
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Every time you use 'hopium' in a post, God kills a kitten.
  • #800
  • May 24, 2010 6:43am May 24, 2010 6:43am
Quoting TheLastCoke
Confluence.

1. TL
2. S1
3 38.2 Fibo

Attachment

Thought this one was going to be better but it didn't want to go north, the bear flag call was brilliant--what a winner!
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