Backing Trades Thru Charts | Page 49 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to determine thru code which chart window has focus 0 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Forex Daily Charts Scanning “price action in and between charts” 2 replies

Which charts to believe?? the best charts' source ? 19 replies

Attachments: Backing Trades Thru Charts
Exit Attachments

Backing Trades Thru Charts

  • #961
  • Jun 8, 2010 8:03am Jun 8, 2010 8:03am
Quoting TheLastCoke
Even though the red channel broke, there is a bigger channel that might come into play + the Nov/Dic 2008 lows at the same level.

Attachment
Out BE
  • #962
  • Jun 8, 2010 8:04am Jun 8, 2010 8:04am
Quoting TheLastCoke
What a beautiful raising wedge

Attachment
Out +100
  • #963
  • Jun 8, 2010 8:05am Jun 8, 2010 8:05am
Quoting TheLastCoke
EUR/CAD

Attachment
Still open +130
  • #964
  • Jun 8, 2010 8:07am Jun 8, 2010 8:07am
Quoting TheLastCoke
+ This Bearish Spot

Attachment
Out + 240
  • #965
  • Jun 8, 2010 8:09am Jun 8, 2010 8:09am
Quoting TheLastCoke
USD/CAD Bear Spot = 61.8% Fib + Parallel Channel

Attachment
Still open + 100
  • #966
  • Jun 8, 2010 8:15am Jun 8, 2010 8:15am
Quoting TheLastCoke
EUR/USD Let's see if there are some Bulls around

Attachment
Holding SL at BE
  • #967
  • Jun 8, 2010 9:27am Jun 8, 2010 9:27am
Gbp/jpy s + tl

Attached Image (click to enlarge)
Click to Enlarge Name: supporttl.gif Size: 17 KB
  • #968
  • Edited 1:49pm Jun 8, 2010 9:57am | Edited 1:49pm
I know we're all about charts, but I thought I'd post my targets for my trades that I'm currently in. I figured since TLC is kind enough to let you know his trade results I might follow suit. You'll know when or if these levels get hit.

It should at least give you an indication of how I measured them and what they were based on (most of them were bear/bull flags and one descending triangle). As I posted earlier I'm long USD and JPY across the board (and short USDJPY) some of these trades could pan out in a week, but most hopefully by the end of the month.

So... here we go (Longs and Shorts):
AUDCAD 0.8250
AUDCHF 0.8900
AUDJPY 63.75
AUDNZD 1.1850
AUDUSD 0.7400
CADJPY 81.00
CHFJPY 70.50
EURGBP 0.7770
EURJPY 97.50
EURNZD 1.8760
EURSEK 10.0600
EURUSD 1.0650
GBPAUD 1.8200
GBPCAD 1.5730 Stopped out -$3148.00
GBPCHF 1.5625
GBPJPY 120.50
GBPUSD 1.3750
NZDJPY 54.00
NZDUSD 0.6050
USDCAD 1.1200
USDCHF (not a typo) 1.4200
USDJPY 87.25

EDIT: It would probably be noteworthy to add that these are based on a 4 hour or daily timeframe minimum.
Every time you use 'hopium' in a post, God kills a kitten.
  • #969
  • Edited 3:24pm Jun 8, 2010 10:07am | Edited 3:24pm
Next support level at mid 126's

Attached Image (click to enlarge)
Click to Enlarge Name: target.gif Size: 21 KB
  • #970
  • Jun 8, 2010 10:35am Jun 8, 2010 10:35am
Quoting profxtrader
I know we're all about charts, but I thought I'd post my targets for my trades that I'm currently in. I figured since TLC is kind enough to let you know his trade results I might follow suit. You'll know when or if these levels get hit.

It should at least give you an indication of how I measured them and what they were based on (most of them were bear/bull flags and one descending triangle). As I posted earlier I'm long USD and JPY across the board (and short USDJPY) some of these trades could pan out in a week, but most hopefully by the end...
Are you taking any partial profits? How do you deal with it?

Let the pips be with you!!!!
  • #971
  • Jun 8, 2010 10:42am Jun 8, 2010 10:42am


Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 14 KB
  • #972
  • Jun 8, 2010 11:21am Jun 8, 2010 11:21am
Quoting TheLastCoke
Are you taking any partial profits? How do you deal with it?

Let the pips be with you!!!!
This trip I'll be taking profits halfway and(and if) the targets are hit. I've traded daily timeframes most of my trading career. As far as dealing with it, that's easy. In a few hundred pips I move all stops to breakeven and that helps me sleep better. My schedule for the next 2 weeks does the rest by keeping me away from my charts.
Every time you use 'hopium' in a post, God kills a kitten.
  • #973
  • Jun 8, 2010 11:29am Jun 8, 2010 11:29am
Buy # 2 in GBPAUD with chart:


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 64 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #974
  • Jun 8, 2010 1:53pm Jun 8, 2010 1:53pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting profxtrader
Buy # 2 in GBPAUD with chart:

Attachment

Hi there profxtrader,

May I ask what indicator / EA shows you the Risk and Reward figures on the chart?
Been lookin for something like that for a time now.

btw: nice trade!

Regards, Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #975
  • Jun 8, 2010 3:00pm Jun 8, 2010 3:00pm
Quoting Tuner
Hi there profxtrader,

May I ask what indicator / EA shows you the Risk and Reward figures on the chart?
Been lookin for something like that for a time now.

btw: nice trade!

Regards, Tuner
Just something I threw together. The coding is not the best, but it makes sense to me. Feel free to modify it however:
Attached File(s)
File Type: mq4 Risk to Reward_5Digit.mq4   12 KB | 375 downloads
Every time you use 'hopium' in a post, God kills a kitten.
  • #976
  • Jun 8, 2010 3:48pm Jun 8, 2010 3:48pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting profxtrader
Just something I threw together. The coding is not the best, but it makes sense to me. Feel free to modify it however:
Thank you very much for sharing!
(Only had to modify the currency (of my account) and it works!
"Blue Horseshoe loves Anacott Steel!"
  • #977
  • Jun 8, 2010 4:16pm Jun 8, 2010 4:16pm
GBP/USD Approaching TL + 38% Fibo

Attached Image (click to enlarge)
Click to Enlarge Name: tl38.gif Size: 15 KB
  • #978
  • Jun 8, 2010 7:30pm Jun 8, 2010 7:30pm
Quoting TheLastCoke
GBP/USD Approaching TL + 38% Fibo

Attachment
Clean trade, no drawdown. +60 out because 38% Fib retracement

Attached Image (click to enlarge)
Click to Enlarge Name: tl382.gif Size: 16 KB
  • #979
  • Jun 8, 2010 8:26pm Jun 8, 2010 8:26pm
Let's see how strong this TL is.

Attached Image (click to enlarge)
Click to Enlarge Name: tl22.gif Size: 22 KB
  • #980
  • Jun 8, 2010 9:53pm Jun 8, 2010 9:53pm
Quoting TheLastCoke
USD/CAD Bear Spot = 61.8% Fib + Parallel Channel

Attachment
Out because 61% Fibo Retracement, +160

Attached Image (click to enlarge)
Click to Enlarge Name: 160.gif Size: 17 KB
1 trader viewing now