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Backing Trades Thru Charts

  • #841
  • May 27, 2010 4:29am May 27, 2010 4:29am
G/U is entering my sell zone and
U/C is entering my buy zone
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  • #842
  • May 27, 2010 8:04am May 27, 2010 8:04am
Quoting perstoman
G/U is entering my sell zone and
U/C is entering my buy zone
Both trades closed with profits
  • #843
  • May 27, 2010 8:07am May 27, 2010 8:07am
Third test of the broken trendline.
I am not so confident with this one.
But 61.8% retracement level+retest are enough for me to risk 40pips to aim for 80-100pips
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  • #844
  • May 27, 2010 9:43am May 27, 2010 9:43am
Quoting perstoman
Third test of the broken trendline.
I am not so confident with this one.
But 61.8% retracement level+retest are enough for me to risk 40pips to aim for 80-100pips
Almost hit my SL at 1.22...missed by 1pip lol;;
Great day for me so far and I don't wanna ruin it!
So I am closing all of my trades here.
Good Luck to you all!
  • #845
  • May 27, 2010 10:11am May 27, 2010 10:11am
This could cap the GY's recent up move.

Attached Image (click to enlarge)
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Every time you use 'hopium' in a post, God kills a kitten.
  • #846
  • May 27, 2010 5:51pm May 27, 2010 5:51pm
This could be a bull flag forming,
but since the trendline is broken for now,
I have entered a short position.

1st TP is the Daily Pivot Point
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  • #847
  • May 27, 2010 6:37pm May 27, 2010 6:37pm
I am not trading this pair today,
but the short-term trendline was just broken.
Maybe a possible move up to the upper trendline.

I would place SL at the session low and TP at 1.0575
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  • #848
  • May 27, 2010 11:36pm May 27, 2010 11:36pm
What, if anything can you do with this?
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  • #849
  • May 27, 2010 11:42pm May 27, 2010 11:42pm
I think this is what I meant to show
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  • #850
  • May 28, 2010 5:18am May 28, 2010 5:18am
Gettin Clobbered here on the Y action....geezus
In Charts We Trust!
  • #851
  • May 28, 2010 5:30am May 28, 2010 5:30am
Quoting perstoman
This could be a bull flag forming,
but since the trendline is broken for now,
I have entered a short position.

1st TP is the Daily Pivot Point
First short try didn't work out well.
However, I am seeing a rising wedge forming.
Maybe this time it would work out.
Attached Image (click to enlarge)
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  • #852
  • May 28, 2010 5:35am May 28, 2010 5:35am
Quoting perstoman
I am not trading this pair today,
but the short-term trendline was just broken.
Maybe a possible move up to the upper trendline.

I would place SL at the session low and TP at 1.0575
Got stopped out at BE on this one.
This time I will stick with the trend.
Sell on the retest of the broken support
Attached Image (click to enlarge)
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  • #853
  • May 28, 2010 5:58am May 28, 2010 5:58am
Try this one:



Quoting perstoman
Got stopped out at BE on this one.
This time I will stick with the trend.
Sell on the retest of the broken support
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy 1hr.gif Size: 20 KB
In Charts We Trust!
  • #854
  • May 28, 2010 6:33am May 28, 2010 6:33am
These threads must be monitored or something. Everytime I post a chart, it reverses, but when I don't, it goes my way..

wazzap with that!
In Charts We Trust!
  • #855
  • May 28, 2010 6:34am May 28, 2010 6:34am
Quoting perstoman
First short try didn't work out well.
However, I am seeing a rising wedge forming.
Maybe this time it would work out.
In my humble opinion it is worth waiting for 0.857-ish - huge resistance and also a 50% retracement of the previous leg down.
Attached Image (click to enlarge)
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  • #856
  • May 28, 2010 6:42am May 28, 2010 6:42am
Quoting Hell7
The daily USD/CHF chart shows that price is getting close to the downsloping yellow trend line.

Guess who will be shorting there bigtime
Still waiting ...
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  • #857
  • May 28, 2010 6:49am May 28, 2010 6:49am
NY
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In Charts We Trust!
  • #858
  • May 28, 2010 7:32am May 28, 2010 7:32am
Hello guys,

Would you mind let me know what you think of harmonic patterns in DAX and S&P 500 futures , I've attached the charts.
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  • #859
  • May 28, 2010 8:37am May 28, 2010 8:37am
Quoting Hell7
Still waiting ...
I think we are now underway with a move on the EURUSD that'll take us there!
Every time you use 'hopium' in a post, God kills a kitten.
  • #860
  • May 28, 2010 9:28am May 28, 2010 9:28am
Update
Testing the broken long term down trendline
Also testing the short term up trendline

Another move up from here?
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