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Backing Trades Thru Charts

  • #1,481
  • Jun 28, 2010 2:41pm Jun 28, 2010 2:41pm
Quoting carrot_yuli
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
Sorry it took me so long long, the point is, to me, it looks bullish, but that's a weekly chart so if you're looking for small trades <75 pips, you could probably short it. However, on your chart you said you had "found support" so maybe you were looking to go long, which I think would be a decent opportunity.

I'm not a big fan of the usd/cad, it's never given me much without taking it back 2 days later.
  • #1,482
  • Jun 28, 2010 3:17pm Jun 28, 2010 3:17pm
Quoting profxtrader
Last thing... I don't have time to chart it, but USDCHF had a beautiful bounce from the daily TL. Check it out.
Here's an intraday opportunity for those who missed the first touch.

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  • #1,483
  • Jun 28, 2010 3:44pm Jun 28, 2010 3:44pm
Quoting TheLastCoke
Update. Will exit if Yellow TL is broken

Attachment
Stopped Out -40
  • #1,484
  • Jun 28, 2010 3:46pm Jun 28, 2010 3:46pm
Quoting TheLastCoke
GBP/USD Still Bearish #1283

Attachment
Stopped out -50
  • #1,485
  • Jun 28, 2010 3:51pm Jun 28, 2010 3:51pm
Quoting TheLastCoke
Is not perfect but I'll take it as it is.

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Attachment
Holding + 110

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  • #1,486
  • Jun 28, 2010 3:51pm Jun 28, 2010 3:51pm
Quoting Rush
Very nice test indeed. I don't believe in a sudden reversal though.
Maybe a retest in a couple of days?

Sry for not bringing a naked chart to the party (EMA's and stuff)
If that $600B EUR reverse settlement deal comes true, there will be no choice.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,487
  • Jun 28, 2010 4:02pm Jun 28, 2010 4:02pm
Quoting TheLastCoke
The only thing that worries me right now is the yellow TL that can act as a magnet.

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Attachment
It was a ''magnetic TL'' after all BUT IMHO I don't think this is the real test.

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  • #1,488
  • Jun 28, 2010 4:12pm Jun 28, 2010 4:12pm
#1252 #1255 #1291

AUD/NZD Looked like a really nice trade. Didn't grab those 80 on time. Stopped Out +10.
  • #1,489
  • Jun 28, 2010 4:15pm Jun 28, 2010 4:15pm
Quoting TheLastCoke
Update. Holding.
GBP/AUD +170
USD/CAD +110

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Attachment
GBP/AUD Stopped Out +20
USD/CAD out + 90
  • #1,490
  • Jun 28, 2010 4:21pm Jun 28, 2010 4:21pm
Quoting profxtrader
To my eye this looks like a perfect bullish butterfly. A-B 78.6 of X-A. X-D is 127.2 of X-A. A-D is 161.8 of A-B (which coincides with the 127.2 of X-A). I'm taking it!

Attachment
It is a really good pattern the only missing point to be a perfect one is C point at 38% or 88% of AB but the most relevant part of it is there. I'm Taking this call.

Sorry I was kind of absent today (Baby sitting)
  • #1,491
  • Jun 28, 2010 4:28pm Jun 28, 2010 4:28pm
Quoting Low
http://i45.tinypic.com/2zqvj88.png

http://i50.tinypic.com/dwun8y.png
Technical target is the widest part of the pattern in this case +-160 pips. (From point 4 to 5)
  • #1,492
  • Jun 28, 2010 5:12pm Jun 28, 2010 5:12pm
Quoting TheLastCoke
Technical target is the widest part of the pattern in this case +-160 pips. (From point 4 to 5)
Thanks TLC.
  • #1,493
  • Jun 28, 2010 5:28pm Jun 28, 2010 5:28pm
Well guys, I'm off for a while. I may do some posting tonight, but I'm off to Costa Rica for the rest of the week for a little R&R before the move to the other side of the Atlantic. I'll still be trading though... God knows I can't quit.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,494
  • Jun 28, 2010 5:33pm Jun 28, 2010 5:33pm
Quoting profxtrader
Well guys, I'm off for a while. I may do some posting tonight, but I'm off to Costa Rica for the rest of the week for a little R&R before the move to the other side of the Atlantic. I'll still be trading though... God knows I can't quit.
Enjoy the time off profx! thanks for breaking these harmonic patterns down for us like you guys do
  • #1,495
  • Jun 28, 2010 5:48pm Jun 28, 2010 5:48pm
Quoting profxtrader
Well guys, I'm off for a while. I may do some posting tonight, but I'm off to Costa Rica for the rest of the week for a little R&R before the move to the other side of the Atlantic. I'll still be trading though... God knows I can't quit.

Hey, have a great trip, you takin' the monkey?
  • #1,496
  • Jun 28, 2010 6:07pm Jun 28, 2010 6:07pm
Quoting Urantian
Hey, have a great trip, you takin' the monkey?
The monkeys were part of a volunteer project that we took over here in Panama which was a wildlife rescue. We had over 100 animals. Tons of great experiences from having baby monkeys in the house, to teaching falcons to hunt to getting mauled by a large cat . I am not taking them but it was a great experience.

@ TLC... I'm going to do more of nothing, I'll be on the Caribbean coast in a sleepy little beach town. Marlin fishing is GREAT on the Pacific side though! I'm going to drink mojitos, surf a bit, and get the wife pregnant!
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,497
  • Jun 28, 2010 6:35pm Jun 28, 2010 6:35pm
Quoting TheLastCoke
Where are we having them? I might fly to NY next month.
I'm partial to German beers and bratwurst, Zum Schneider in the East Village is good fun.
  • #1,498
  • Jun 28, 2010 6:37pm Jun 28, 2010 6:37pm
Quoting profxtrader
The monkeys were part of a volunteer project that we took over here in Panama which was a wildlife rescue. We had over 100 animals. Tons of great experiences from having baby monkeys in the house, to teaching falcons to hunt to getting mauled by a large cat . I am not taking them but it was a great experience.

@ TLC... I'm going to do more of nothing, I'll be on the Caribbean coast in a sleepy little beach town. Marlin fishing is GREAT on the Pacific side though! I'm going to drink mojitos, surf a bit, and get the wife pregnant!
Living the dream.
  • #1,499
  • Jun 28, 2010 10:28pm Jun 28, 2010 10:28pm
I am still holding my A/U longs...
Can't add anymore because of my money management issue,
But looking at the retest of broken trendline...it's so tempting!!
Will it hold and reverse here or just keep going down?
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  • #1,500
  • Jun 28, 2010 10:32pm Jun 28, 2010 10:32pm
TLC and other traders have been waiting for this touch..
I personally entered long for quick profits...
Let's see how it reacts from here
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