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Backing Trades Thru Charts

  • #1,241
  • Jun 22, 2010 1:35pm Jun 22, 2010 1:35pm
Quoting TheLastCoke
Sure E-mail me or Skype me...anytime
  • #1,242
  • Jun 22, 2010 1:47pm Jun 22, 2010 1:47pm
Quoting TheLastCoke
E/U bullish PA. Bullish Flag, ABCDE Count completed.

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Beautiful work once again! I was looking for a reason to stay long, but am packing and analysis time is limited. I can't wait to be moved and settled in once again!
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,243
  • Jun 22, 2010 3:40pm Jun 22, 2010 3:40pm
Quoting TheLastCoke
Here is my T1, Small long now at BE, will add on break.

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Sticking to my plan.

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  • #1,244
  • Jun 22, 2010 8:19pm Jun 22, 2010 8:19pm
Quoting TheLastCoke
What's your current view?
I opened couple long positions when E/U first hit the first white support zone,
and successfully closed a half with profits and the rest got stopped out just now.
I actually expected dollar gaining strength, but didn't expect it was going to last this long(2days or longer)
However, I believe either 38.2% or 50% fib retracement area is going to hold, so until both of them are broken, I will stay bullish on this pair
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 24 KB
  • #1,245
  • Jun 22, 2010 9:05pm Jun 22, 2010 9:05pm
GBP/USD Bullish Pennant can take us to channel UTL

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  • #1,246
  • Jun 22, 2010 9:14pm Jun 22, 2010 9:14pm
I expect bulls to step in at this point in this WEEKLY EUR/CHF chart.

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  • #1,247
  • Jun 22, 2010 9:21pm Jun 22, 2010 9:21pm
Quoting TheLastCoke
GBP/USD Bullish Pennant can take us to channel UTL

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I was just looking at the exact same thing,
but I want to wait for it to go down to the DP and enter long there.
Very interesting how GBP is showing signs of bulls
  • #1,248
  • Jun 22, 2010 11:09pm Jun 22, 2010 11:09pm
Quoting TheLastCoke
Not taking this one but looks good.

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It went to T1 for +190 without me.
  • #1,249
  • Jun 23, 2010 1:49am Jun 23, 2010 1:49am
Quoting perstoman
I opened couple long positions when E/U first hit the first white support zone,
and successfully closed a half with profits and the rest got stopped out just now.
I actually expected dollar gaining strength, but didn't expect it was going to last this long(2days or longer)
However, I believe either 38.2% or 50% fib retracement area is going to hold, so until both of them are broken, I will stay bullish on this pair
Chart update:
This could be a fake bull movement, but if E/U does continue upside, then my target is shown on this chart.
I do not want to go too far ahead, but E/U could be forming H&S pattern at my 1st TP area.
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Click to Enlarge Name: e%u 60m.gif Size: 23 KB
  • #1,250
  • Edited 4:09am Jun 23, 2010 3:44am | Edited 4:09am
Quoting TheLastCoke
GBP/USD Bullish Pennant can take us to channel UTL

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So far so good. +100

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  • #1,251
  • Jun 23, 2010 3:50am Jun 23, 2010 3:50am
Quoting TheLastCoke
Nice rejection + 80

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Out, close enough + 150

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  • #1,252
  • Jun 23, 2010 4:08am Jun 23, 2010 4:08am
AUD/NZD Getting closer and closer to Apex

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Click to Enlarge Name: tri.gif Size: 19 KB
  • #1,253
  • Jun 23, 2010 5:29am Jun 23, 2010 5:29am
Quoting TheLastCoke
AUD/NZD Getting closer and closer to Apex

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Hi TLC that's a great triangle you have there.

Could you please explain how you trade this kind of pattern in terms of entry, stops and profits?

Entry:
Do you give some room (a buffer of a 10/15 pips) higher to go long, lower to go short from the trendlines once they got broken?

What about stops and profits? thanks !
  • #1,254
  • Jun 23, 2010 10:11am Jun 23, 2010 10:11am
Quoting TheLastCoke
Here is my T1, Small long now at BE, will add on break.

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Stopped Out BE + 5
  • #1,255
  • Jun 23, 2010 10:39am Jun 23, 2010 10:39am
Quoting NewbieFxFx
Hi TLC that's a great triangle you have there.

Could you please explain how you trade this kind of pattern in terms of entry, stops and profits?

Entry:
Do you give some room (a buffer of a 10/15 pips) higher to go long, lower to go short from the trendlines once they got broken?

What about stops and profits? thanks !
Went long at the TL with the SL at prevoius low(.2280)(stopped out -18). Let it breath now and enter at retest area , I prefer to wait for a penetration and enter on the way out (around prev. low). See pic.

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  • #1,256
  • Jun 23, 2010 10:43am Jun 23, 2010 10:43am
Quoting TheLastCoke
Not taking this one but looks good.

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WOW, EUR/JPY T2 Met. Nice + 320 that I don't have.

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  • #1,257
  • Jun 23, 2010 11:05am Jun 23, 2010 11:05am
Quoting TheLastCoke
Out, close enough + 150

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USD/CAD retesting TL

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  • #1,258
  • Jun 23, 2010 11:15am Jun 23, 2010 11:15am
Quoting TheLastCoke
I expect bulls to step in at this point in this WEEKLY EUR/CHF chart.

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Just entered this trade. Great RRR. Lots of patience requiered.

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  • #1,259
  • Jun 23, 2010 11:59am Jun 23, 2010 11:59am
EURGBP Rising Wedge target met, position now reversed at support.

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CADCHF Update. I posted this trade last week. 400 pip target and about 270 down.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,260
  • Jun 23, 2010 12:03pm Jun 23, 2010 12:03pm
Quoting profxtrader
EURGBP Rising Wedge target met, position now reversed at support.

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CADCHF Update. I posted this trade last week. 400 pip target and about 270 down.

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Nice, I was missing you already.....Have you seen Hell?
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