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Backing Trades Thru Charts

  • #1,281
  • Jun 23, 2010 9:03pm Jun 23, 2010 9:03pm
Quoting perstoman
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.
1st TP has been reached.
E/U didn't dip down as low as I wanted to,
but still it feels great to be right!

Going to hold on to my second half, targeting the previous high at 1.246area
  • #1,282
  • Jun 23, 2010 9:06pm Jun 23, 2010 9:06pm
You are making too much pips TLC!!
Share some of your pips with me!

BTW, what is your view on Aud/USD?
I feel it could go either way from here, but I am holding on to my longs from last nite.

Thanks!

*edit: when I said last nite, it means during NY(I am in Asia, so it's morning here)
  • #1,283
  • Jun 23, 2010 9:08pm Jun 23, 2010 9:08pm
GBP/USD 61% Fib + Top of Channel + 1.50 sycho Level

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  • #1,284
  • Jun 23, 2010 9:12pm Jun 23, 2010 9:12pm
Quoting TheLastCoke
GBP/USD 61% Fib + Top of Channel + 1.50 sycho Level
Nice.....thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,285
  • Jun 23, 2010 9:29pm Jun 23, 2010 9:29pm
Quoting perstoman
You are making too much pips TLC!!
Share some of your pips with me!

BTW, what is your view on Aud/USD?
I feel it could go either way from here, but I am holding on to my longs from last nite.

Thanks!
It broke red TL and it is now at top of this channel. I see an opp to short it at least to the LTL, that's around 100 pips.

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  • #1,286
  • Jun 23, 2010 9:39pm Jun 23, 2010 9:39pm
Quoting TheLastCoke
It broke red TL and it is now at top of this channel. I see an opp to short it at least to the LTL, that's around 100 pips.

Attachment
ahh..
I was afraid that you were going to say that...lol;;
I will hold on to my longs for few more hours and decide then.

Thank you for your great analysis!
  • #1,287
  • Jun 23, 2010 10:09pm Jun 23, 2010 10:09pm
Quoting Low
In the interest of disclosure I have taken 3 small losses attempting to add to these positions, otherwise here's the update:

My target on the pound is still about 900 pips away, and swissy's first target is about 250 pips away (at which point I will close 1/2)

http://i50.tinypic.com/642g0i.png
Interesting. My first Cable target is 46 pips away and the second one is about 400 pips away. First target on Swissy has been met with the second and last one still about 440 pips away.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,288
  • Jun 23, 2010 10:12pm Jun 23, 2010 10:12pm
Quoting TheLastCoke
USD/CAD half way my T1 +50 so far, SL at BE

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Interestingly enough there was a butterfly that appeared at the trendline retest on the hourly and my reason to adding to my shorts at that level.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,289
  • Jun 23, 2010 10:34pm Jun 23, 2010 10:34pm
Quoting profxtrader
Interestingly enough there was a butterfly that appeared at the trendline retest on the hourly and my reason to adding to my shorts at that level.
Now that you mentioned it. This is amazing how perfect this crab is, look at B and D point, bounced to the pip.

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  • #1,290
  • Jun 23, 2010 10:44pm Jun 23, 2010 10:44pm
Quoting TheLastCoke
GBP/USD 61% Fib + Top of Channel + 1.50 sycho Level

Attachment
+ this rising wedge #4426 (Don't tell Saxon)
  • #1,291
  • Jun 24, 2010 5:01am Jun 24, 2010 5:01am
Quoting TheLastCoke
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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As Shown, Pending Sell in place.

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  • #1,292
  • Jun 24, 2010 5:08am Jun 24, 2010 5:08am
Quoting TheLastCoke
It broke red TL and it is now at top of this channel. I see an opp to short it at least to the LTL, that's around 100 pips.

Attachment
+60, 40 to go

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  • #1,293
  • Jun 24, 2010 5:18am Jun 24, 2010 5:18am
Quoting TheLastCoke
This is how I see it. Two breaks in a row, aiming bottom af triangle.

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+170 Shame Didn't ride it down.
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  • #1,294
  • Jun 24, 2010 5:44am Jun 24, 2010 5:44am
USD/JPY Daily Plan: Buying at Yellow Channel with tight SL if goes wrong I'll reenter at Support with SL just outside blue channel.

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  • #1,295
  • Jun 24, 2010 6:06am Jun 24, 2010 6:06am
Quoting profxtrader
Ascending triangle on GBPJPY.

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Here we go with one more test
  • #1,296
  • Jun 24, 2010 6:39am Jun 24, 2010 6:39am
I am long USDJPY...Big support...Let me know what you guys think... thx Max
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  • #1,297
  • Jun 24, 2010 6:42am Jun 24, 2010 6:42am
I have move my stop to 88.50...
  • #1,298
  • Jun 24, 2010 6:47am Jun 24, 2010 6:47am
Quoting maximus2005
I am long USDJPY...Big support...Let me know what you guys think... thx Max
dont try to pick the bottom.
wait for price to bounce off first .then retest and enter.
if that is a true support level,it will give you many chances.
at least i would not enter without level confirmation.
it IS my plan.its all up to you my man, HOW YOU WANNA TRADE.
have a NICE DAY
REGARDS
SHO
  • #1,299
  • Jun 24, 2010 7:10am Jun 24, 2010 7:10am
Although I am stupidly holding Aud long,

Here is my thought on E/U

70pip target
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  • #1,300
  • Jun 24, 2010 7:15am Jun 24, 2010 7:15am
Looking at dollar index,
I am seeing it going up for few more cents, but up move seems to be limited.
When it reaches the blue colored area, and retest the once broken trendline,
I will close my E/U short and analyze again then.
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