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Backing Trades Thru Charts

  • #1,021
  • Jun 9, 2010 6:42pm Jun 9, 2010 6:42pm
IMHO in short term it could go even backwards if the pair wants to. Now just bounced from my pold TL twice. I Think we need a catalyst in any news release to give some strenght to bulls or bears.
Im short biased, but it's been kind of difficult to find a good entry with a proper RRR.
Good charts Gabriel!
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  • #1,022
  • Edited 7:28pm Jun 9, 2010 7:01pm | Edited 7:28pm
Quoting TheLastCoke
Perstoman. Last swing looked like the triangle retest. I personally wanted to see it penetrate the LTL but the rejection got me thinking.
I wish someday I can draw my chart like yours.
Your chart are so simple, but has everything in it!
BTW, I will stick to my plan for now and see what happens.

Have a great day everyone!

*Not liking how E/U is moving....Closed my position with -15pips and entered short on G/U
  • #1,023
  • Jun 9, 2010 7:12pm Jun 9, 2010 7:12pm
Quoting perstoman
I wish someday I can draw my chart like yours.
Your chart are so simple, but has everything in it!
BTW, I will stick to my plan for now and see what happens.

Have a great day everyone!
I don't marry any side, always like to see the both sides of the coin. Having a contrarian view keeps me focus. If you are right I'll join the party.
  • #1,024
  • Jun 9, 2010 10:45pm Jun 9, 2010 10:45pm
This week's PA is just killing my account...
Just closed all open positions with losses.

Have a trade plan for A/U
I am not sure if this is the right way of counting, but I have a pending sell order sitting at .84 level

Is anyone else having a horrible week like me? lol
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  • #1,025
  • Jun 10, 2010 1:05am Jun 10, 2010 1:05am
Quoting emene
Hey mate ?! How do you manage to get the usdx in mt4 ? If I may ask.
Many brokers have it. I just downloaded a demo of Forex Ltd UK and they have it, the DJIA, SPX, EURX, and others. Windsor brokers (I've heard has them) and others.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,026
  • Jun 10, 2010 3:16am Jun 10, 2010 3:16am
Quoting perstoman
This week's PA is just killing my account...
Just closed all open positions with losses.

Have a trade plan for A/U
I am not sure if this is the right way of counting, but I have a pending sell order sitting at .84 level

Is anyone else having a horrible week like me? lol
Didn't trigger my PO, but I entered manually at 0.8389.
I am not sure if this is just a retracement to go even higher or a possible reversal point.
Once A/U makes new high, I will close this trade with losses.

Gluck to everyone!
  • #1,027
  • Jun 10, 2010 5:08am Jun 10, 2010 5:08am
EUR/USD S now R + 61.8% Fib

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  • #1,028
  • Jun 10, 2010 8:13am Jun 10, 2010 8:13am
Quoting TheLastCoke
EUR/USD S now R + 61.8% Fib

Attachment
I had the same chart man. Do you think what's going on now is only a retest of the TL?
  • #1,029
  • Jun 10, 2010 8:25am Jun 10, 2010 8:25am
Quoting maurofx
I had the same chart man. Do you think what's going on now is only a retest of the TL?
Got this one too. I'm selling. Tight SL

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  • #1,030
  • Jun 10, 2010 8:40am Jun 10, 2010 8:40am
Quoting TheLastCoke
Got this one too. I'm selling. Tight SL

Attachment
You can also add an upper trendline of the highs from the bottom candles, also beenn tested. Still flat, if it brakes I'll look to short 2131 50% ALL TIME FIBO.
  • #1,031
  • Jun 10, 2010 8:45am Jun 10, 2010 8:45am
Once EU goes down this pair can also be taken down. Now waiting for the retrace of the UTL of the channell happening ATM!
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  • #1,032
  • Jun 10, 2010 9:02am Jun 10, 2010 9:02am
Quoting maurofx
Once EU goes down this pair can also be taken down. Now waiting for the retrace of the UTL of the channell happening ATM!
Nice Catch.
  • #1,033
  • Jun 10, 2010 10:59am Jun 10, 2010 10:59am
I'm holding a E/U short position but PA is bullish. Bullish Flag.

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  • #1,034
  • Jun 10, 2010 11:41am Jun 10, 2010 11:41am
Quoting maurofx
Once EU goes down this pair can also be taken down. Now waiting for the retrace of the UTL of the channell happening ATM!
+ 60 so far. Nice Call
  • #1,035
  • Jun 10, 2010 12:15pm Jun 10, 2010 12:15pm
Quoting TheLastCoke
I'm holding a E/U short position but PA is bullish. Bullish Flag.

Attachment
One of those times I'm glad that my chart didn't work. (so far)
  • #1,036
  • Jun 10, 2010 12:19pm Jun 10, 2010 12:19pm
TLC,

I vouched for you sir as I'm now able to. Thank you for posting, I have learned a great deal from your posts along with a few others here on the factory.

Happy pippin my friend

Donnie
  • #1,037
  • Jun 10, 2010 12:28pm Jun 10, 2010 12:28pm
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 of...
I took a 6% hit today and it hurt. I'm out of most of if not all the trades listed above.

I have a client who likes to see charts, so I'm making a bunch up and I'll post them as I make them. I think for the first time in 2 weeks, price has tipped it's hand. I'd gladly take the hit to get some decent trending action.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,038
  • Jun 10, 2010 12:33pm Jun 10, 2010 12:33pm
Here's the first group:

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,039
  • Jun 10, 2010 12:40pm Jun 10, 2010 12:40pm
Quoting profxtrader
I have a client who likes to see charts, so I'm making a bunch up and I'll post them as I make them.
Add this one on me.

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  • #1,040
  • Jun 10, 2010 12:50pm Jun 10, 2010 12:50pm
You guys are so enlightening ! If you could see my face when I am reading your thread. I am like a kid in a huge free candy store. Although some of the candies are still too high for me to catch them.

Thank you. I am currently figuring everything out, which leads me to my daily 100 pips. But I am getting better thanks to you.

Keep it up !

Hello.
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