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Backing Trades Thru Charts

  • #821
  • May 25, 2010 9:40am May 25, 2010 9:40am
Quoting cvcamper
This blows my mind.....
High R:R trades, like the GBPJPY one you posted. That one should have fared well for you.

With that said, stops have been moved to breakeven or to protect profits on others... and I'm going to go spend a day down by the river with the wife and dogs.
Every time you use 'hopium' in a post, God kills a kitten.
  • #822
  • May 25, 2010 1:20pm May 25, 2010 1:20pm
Dude! You're my freaggin hero! That's badass man. Congrats!


Quoting profxtrader
And I was in heavy. I'm looking for 120% this month and I'm getting pretty close.
In Charts We Trust!
  • #823
  • May 25, 2010 3:26pm May 25, 2010 3:26pm
Entered long on the break but I don't discard a retest. Since no LL's were made on last attempt, when/if T1 is met and broken that will be the first sign of a new 1h up trend.

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  • #824
  • May 25, 2010 5:11pm May 25, 2010 5:11pm
Just want you to know your thread has been VERY valuable to me in getting a much better hold of my trading, thank you so much! What do you think of the 1hr swissy?
  • #825
  • May 25, 2010 6:26pm May 25, 2010 6:26pm
Quoting Urantian
Just want you to know your thread has been VERY valuable to me in getting a much better hold of my trading, thank you so much! What do you think of the 1hr swissy?
Got this beautiful confluence. (Long Term). I'm short term bullish until the current 1H TL breaks, upto this major TL

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  • #826
  • May 25, 2010 6:46pm May 25, 2010 6:46pm
What a story that tells, thanks! I'm not sure if my software is working correctly but I'm show eu m5 bearish gartley, failed---m15 bullish bat, m30 and 1hr bullish bats that failed---nothing on the 4hr--daily huge bearish gartley--huge gainer and the same with weekly and monthly, are you showing the same thing?
  • #827
  • May 25, 2010 6:59pm May 25, 2010 6:59pm
Quoting TheLastCoke
Got this beautiful confluence. (Long Term). I'm short term bullish until the current 1H TL breaks, upto this major TL

Attachment

Attachment
I've got 1.1770 as a target for my longs and a sell limit at the same level for the trendline bounce. Didn't see the bat, but nicely spotted!
Every time you use 'hopium' in a post, God kills a kitten.
  • #828
  • May 25, 2010 8:11pm May 25, 2010 8:11pm
Just a small channel bounce. Good for a few pips!

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Every time you use 'hopium' in a post, God kills a kitten.
  • #829
  • May 25, 2010 8:24pm May 25, 2010 8:24pm
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Well, no, what was I thinking---using a conservative target of 38.2 of the last (shorter) move--traget hit!

This is zup83--
  • #830
  • May 25, 2010 9:04pm May 25, 2010 9:04pm
These guys are cool!
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Attached File(s)
File Type: mq4 ZUP_v83.mq4   362 KB | 376 downloads
  • #831
  • May 26, 2010 11:37am May 26, 2010 11:37am
USD/CAD
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Dr. C
  • #832
  • Edited 12:18pm May 26, 2010 11:45am | Edited 12:18pm
Quoting cvcamper
USD/CAD
Sorry guys, I don't have much to post as of late. Still in most of my shorts as I play the longer TF's. Not much new to report other than sloppy price action on a lot of the pairs I trade. I've got my finger on the trigger to close it all out soon, but then again I did load up 2 more shorts last night. I think the other shoe is going to fall quickly (tomorrow perhaps?), but if it's not the one I've expected, I'll take what I've got and try to discern what the hell is going on at that point
Every time you use 'hopium' in a post, God kills a kitten.
  • #833
  • May 26, 2010 4:41pm May 26, 2010 4:41pm
Here's the latest trade. It's a simple break and retest on the EURGBP. The first chart is on the 4 hour, but I've also posted a 15 minute chart to better illustrate the retest.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #834
  • May 26, 2010 6:00pm May 26, 2010 6:00pm
What do you see on this pair?

First blue box shows break and retest and this was the signal for me to short few hours back.
However, U/C is back up to the broken trendline and it seems like it is testing the broken trendline once more.
I believe it would be a high probability short from here, targeting session low with SL at 1.075



*well I have a question that anyone can answer
=>If trendline is broken and the broken trendline is retested, then is that trendline being invalidated?


*also ignore sell order on my chart, it's just a demo account that I use to analyze charts
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  • #835
  • May 26, 2010 6:08pm May 26, 2010 6:08pm
Well I tried to short A/U during NY session, and got stopped out on the last move up to its session high.

This is what I see happening on A/U. A possible H&S pattern
If this is the case, then long to 0.83level looks good.
Or you can always short it from 0.83, once you see a reversal pattern up there.
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  • #836
  • May 26, 2010 6:16pm May 26, 2010 6:16pm
I got burned on this pair during NY session

As indicated by blue area, I entered a long position when the trendline was broken. However, it was a fake B/O and hit my SL.

Unlike E/U, which showed a clear direction, G/U is still trying to figure out which direction it wants to go.
For now, I will stick to my trendlines.

*If B/O happens to the downside, 1.428area looks like a good tp
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  • #837
  • May 26, 2010 6:28pm May 26, 2010 6:28pm
Quoting profxtrader
Here's the latest trade. It's a simple break and retest on the EURGBP. The first chart is on the 4 hour, but I've also posted a 15 minute chart to better illustrate the retest.

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Nice One!!
  • #838
  • Edited 6:58pm May 26, 2010 6:38pm | Edited 6:58pm
Quoting perstoman
I got burned on this pair during NY session

As indicated by blue area, I entered a long position when the trendline was broken. However, it was a fake B/O and hit my SL.

Unlike E/U, which showed a clear direction, G/U is still trying to figure out which direction it wants to go.
For now, I will stick to my trendlines.

*If B/O happens to the downside, 1.428area looks like a good tp
Can sure see how you would have gotten burned there--but if you could have kept your composure, which I rarely can, it was a beautiful short to the LTL gaining back all plus what 50%?

Forgot to mention you've drawn a beautiful chart--I was looking and fake trading cable all day and didn't see that--I 'think' TLC would be looking for another bounce up. Thanks for sharing that.
  • #839
  • May 26, 2010 7:05pm May 26, 2010 7:05pm
Eur/USD

At support and broke descending TL
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Dr. C
  • #840
  • Edited 11:39pm May 26, 2010 11:17pm | Edited 11:39pm
Quoting perstoman
Well I tried to short A/U during NY session, and got stopped out on the last move up to its session high.

This is what I see happening on A/U. A possible H&S pattern
If this is the case, then long to 0.83level looks good.
Or you can always short it from 0.83, once you see a reversal pattern up there.

Getting close to my long target.
I will be looking to short when I see a reversal pattern soon.

edit: going up little bit higher, will have to wait and see
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