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Backing Trades Thru Charts

  • #1,441
  • Jun 28, 2010 3:56am Jun 28, 2010 3:56am
Quoting Low
And in regards to the yen, where is "there"?
sorry there was a mistake, i save it as USD JPY chart when it is supposed to be USD CHF chart...
  • #1,442
  • Jun 28, 2010 4:04am Jun 28, 2010 4:04am
Quoting carrot_yuli
I found support @ 1.0300.. not the best candidate for short i thinkk..
10 pips? 100 pips? 1000 pips? Answer that and you can know weather or not to short it.

http://i45.tinypic.com/5d33t1.png
  • #1,443
  • Jun 28, 2010 4:12am Jun 28, 2010 4:12am
Quoting Low
10 pips? 100 pips? 1000 pips? Answer that and you can know weather or not to short it.

http://i45.tinypic.com/5d33t1.png
What do you mean? Do you suggesting that it depend on you profit target? Well for sure 30 pips target is a no trade for me
  • #1,444
  • Jun 28, 2010 7:12am Jun 28, 2010 7:12am
This red trend line should be good for a nice bounce
Attached Image (click to enlarge)
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  • #1,445
  • Jun 28, 2010 8:37am Jun 28, 2010 8:37am
Euro ab=cd with C at 618 of AB and D at 500 of XA.

Attached Image (click to enlarge)
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  • #1,446
  • Jun 28, 2010 8:37am Jun 28, 2010 8:37am
Quoting perstoman
Do you have targets for USD/CAD?
Because I am about to join selling U/C, once this trendline is broken!

Thank you in advance!
Counting on that break, 61%Fib from last swing could be next +- 1.0260
  • #1,447
  • Jun 28, 2010 8:41am Jun 28, 2010 8:41am
Playing around with Shamus's VSA system as I thought it might be a good compliment to pattern trading. Anyways, this is looking like a good short, so stay tuned.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD2.png Size: 55 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,448
  • Jun 28, 2010 8:47am Jun 28, 2010 8:47am
Quoting TheLastCoke
Counting on that break, 61%Fib from last swing could be next +- 1.0260
I actually got long at the trendline.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,449
  • Jun 28, 2010 8:48am Jun 28, 2010 8:48am
Quoting carrot_yuli
Hii,
TLC did you enter the AUD JPY trade?
I was waiting for the LTL to be kissed near 50%fib #1313
  • #1,450
  • Jun 28, 2010 8:59am Jun 28, 2010 8:59am
Quoting TheLastCoke
I was waiting for the LTL to be kissed near 50%fib #1313
I shorted it @ the 38.2 fib which happened to be a historical S/R point. And just to throw a little VSA into the mix it printed a no demand bar at the 38.2 fib. I'm shorting it to the 73 area as I have a rough channel drawn (red LTL is visible in the chart) and depending on what it does there. I'll close it or let it run to the 73 area.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY4.png Size: 35 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,451
  • Jun 28, 2010 9:05am Jun 28, 2010 9:05am
Here's CAD in my view.

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  • #1,452
  • Jun 28, 2010 9:14am Jun 28, 2010 9:14am
Quoting profxtrader
I actually got long at the trendline.
Since we break the TL and we are now on a descending channel point me to T2 (or bottom of channel). I was almost shaken out on the second higher TL test.

Attached Image (click to enlarge)
Click to Enlarge Name: t2.gif Size: 20 KB
  • #1,453
  • Jun 28, 2010 9:18am Jun 28, 2010 9:18am
Current GBP/USD move to HH has no increasing volume. (really low Vol. 4H TF)
  • #1,454
  • Jun 28, 2010 9:22am Jun 28, 2010 9:22am
Quoting TheLastCoke
Current GBP/USD move to HH has no increasing volume. (really low Vol. 4H TF)
I think that's because everyone at the office is watching the World Cup instead of trading
  • #1,455
  • Jun 28, 2010 9:28am Jun 28, 2010 9:28am
Cable at UTL. Its break above long term channel top (blue) was rather tenuous.

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  • #1,456
  • Jun 28, 2010 9:31am Jun 28, 2010 9:31am
While this isn't a chart per se, it shows that the maturity date for about $600B in ECB reverse transactions must be settled Wednesday and Thursday. Hold onto your shorts! (pun completely intended)


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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,457
  • Jun 28, 2010 9:33am Jun 28, 2010 9:33am
Quoting karma729
I think that's because everyone at the office is watching the World Cup instead of trading
I guess I should be doing the same.
  • #1,458
  • Jun 28, 2010 9:39am Jun 28, 2010 9:39am
EJ. Keep an eye on this one.

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  • #1,459
  • Jun 28, 2010 9:58am Jun 28, 2010 9:58am
Quoting karma729
EJ. Keep an eye on this one.

Attachment
I'm short, but watching that TL. It's looking like it's going to be a bounce in the short term, so I'll just take my money and wait most likely.
Attached Image (click to enlarge)
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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,460
  • Jun 28, 2010 10:07am Jun 28, 2010 10:07am
Quoting karma729
EJ. Keep an eye on this one.

Attachment
Good one
I am also liking the Usd/Cad one!
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