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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)
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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.

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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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