Backing Trades Thru Charts | Page 78 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to determine thru code which chart window has focus 0 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Forex Daily Charts Scanning “price action in and between charts” 2 replies

Which charts to believe?? the best charts' source ? 19 replies

Attachments: Backing Trades Thru Charts
Exit Attachments

Backing Trades Thru Charts

  • #1,541
  • Jun 30, 2010 3:03am Jun 30, 2010 3:03am
profxtrader

Hope you are doing well.

First of all, many thanks for your wonderful and professional signals
Second, I am thinking of buying the system you are using "SMART trader", and my questions are:
- How accurate do you see it?
- Would you share me the manual so I can have an idea before buying?


Thank you very much.
Cheers,

Quoting profxtrader
Here's an update to the AUDCHF trade I posted yesterday. Almost textbook perfect and according to plan, with little to no drawdown.

Attachment
Depict history, predict future, and the area in between ...
  • #1,542
  • Jun 30, 2010 4:01am Jun 30, 2010 4:01am
Quoting perstoman
Retest is happening right now,
I've set my 1st TP at blue colored area
1st TP reached
waiting for 2nd TP area to be hit
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 21 KB
  • #1,543
  • Jun 30, 2010 11:52am Jun 30, 2010 11:52am
Since TLC not only posts his trades, but his results, I'll keep the integrity:

Went Long EG yesterday without waiting for good entry:

Stopped out for -23.
  • #1,544
  • Jun 30, 2010 12:02pm Jun 30, 2010 12:02pm
Intraday E/U chart.
I love trading during this time of the day...although it's 2:00am here..lol
BO could happen either up or down, but I am leaning toward BO to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 17 KB
  • #1,545
  • Jun 30, 2010 1:29pm Jun 30, 2010 1:29pm
Quoting Al-Agha
profxtrader

Hope you are doing well.

First of all, many thanks for your wonderful and professional signals
Second, I am thinking of buying the system you are using "SMART trader", and my questions are:
- How accurate do you see it?
It's accurate enough, but you have to take it all in context. e.g. a no demand bar at the NY close might have little to do with actual price action where one during the European / US Session would obviously carry more weight. VSA is quite subjective in that aspect. I've just began using it and am using it as a trainer of sorts. The obvious goal is to be able to spot these without the use of any help, but I do find it a good compliment for pattern trading.

Quote
- Would you share me the manual so I can have an idea before buying?


Thank you very much.
Cheers,

There is no manual to speak of at this date.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,546
  • Jun 30, 2010 1:32pm Jun 30, 2010 1:32pm
Since everyone is posting EURUSD trades, I'll post mine. This channel, while a bit rougher, makes perfect sense to me.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD3.png Size: 48 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,547
  • Jun 30, 2010 3:33pm Jun 30, 2010 3:33pm
My thoughts on the euro:

http://i50.tinypic.com/21bnakz.png
  • #1,548
  • Jun 30, 2010 3:42pm Jun 30, 2010 3:42pm
Edit:

I'd also be a buyer at a break retest of the upper TL.
  • #1,549
  • Jun 30, 2010 3:49pm Jun 30, 2010 3:49pm
The hourly GBP/USD chart shows that price is getting close to a high probability bounce point: the crossing of the lower band of the blue flag and the yellow uptrend line, and the 78% retracement level of the last upswing.

Overall I'm expecting a larger retracement lower here so I will be cautious, but we should get a nice bounce out of that cluster of support.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100630gbpH1.gif Size: 34 KB
  • #1,550
  • Jun 30, 2010 4:02pm Jun 30, 2010 4:02pm
Quoting Hell7
The daily chart of the S&P 500 index shows a possible scenario for the coming months.
So far the scenario for the S&P described a week ago is playing out nicely - as today price closed below the neckline of the Head & Shoulders, only 3 % above my first target (and expected bounce point)
Attached Image (click to enlarge)
Click to Enlarge Name: 20100630spxD.gif Size: 31 KB
  • #1,551
  • Jun 30, 2010 4:16pm Jun 30, 2010 4:16pm
Quoting Hell7
We shall see, said the blind man
A possibility
Attached Image (click to enlarge)
Click to Enlarge Name: 20100630jpyD.gif Size: 34 KB
  • #1,552
  • Jun 30, 2010 6:40pm Jun 30, 2010 6:40pm
Quoting perstoman
1st TP reached
waiting for 2nd TP area to be hit
2nd TP was also reached during NY.
I am manually closing all of remaining shorts on G/U.
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 21 KB
  • #1,553
  • Jun 30, 2010 6:43pm Jun 30, 2010 6:43pm
Quoting perstoman
Intraday E/U chart.
I love trading during this time of the day...although it's 2:00am here..lol
BO could happen either up or down, but I am leaning toward BO to the downside.
Triangle was broken to the downside as I expected.
Closing this trade here at a support area.
Hope everyday was like today!
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 19 KB
  • #1,554
  • Jun 30, 2010 8:03pm Jun 30, 2010 8:03pm
Bounce back up after touching ltl?
or will it just break to see yesterday's low?
Attached Image (click to enlarge)
Click to Enlarge Name: e%u 60m.gif Size: 20 KB
  • #1,555
  • Jun 30, 2010 9:59pm Jun 30, 2010 9:59pm
Quoting TheLastCoke
Technical target is the widest part of the pattern in this case +-160 pips. (From point 4 to 5)
NZD/USD Target met. #1558
  • #1,556
  • Jun 30, 2010 10:09pm Jun 30, 2010 10:09pm
Quoting perstoman
Bounce back up after touching ltl?
or will it just break to see yesterday's low?
Keep in mind yellow UTL as well.

Attached Image (click to enlarge)
Click to Enlarge Name: utl.gif Size: 18 KB
  • #1,557
  • Jun 30, 2010 10:15pm Jun 30, 2010 10:15pm
Trade updates:

Pound is "retracing" I will be looking to add longs anywhere between 1.4750 and 1.4850. Admittedly, I could get taken out altogether, and the experiment will have failed, but I'm giving it an honest try.

I am also trying to leave the kiwi to run, but keeping it bracketed with my SL and TP trailed manually. One or the other will get hit eventually.

http://i48.tinypic.com/294qoog.png
  • #1,558
  • Edited 10:38pm Jun 30, 2010 10:21pm | Edited 10:38pm
Quoting Low
Trade updates:

Pound is "retracing" I will be looking to add longs anywhere between 1.4750 and 1.4850.
GBP/USD looks like a spot to add. #1573

Attached Image (click to enlarge)
Click to Enlarge Name: add.gif Size: 16 KB
  • #1,559
  • Jun 30, 2010 10:29pm Jun 30, 2010 10:29pm
GBP/USD Nice place to take Profits and reverese.

Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 17 KB
  • #1,560
  • Jun 30, 2010 10:43pm Jun 30, 2010 10:43pm
Quoting TheLastCoke
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.

Attachment
USD/JPY Sticking to my plan.

Attached Image (click to enlarge)
Click to Enlarge Name: support.gif Size: 22 KB
4 traders viewing now