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Trend Trading Chart Thread

  • #1,761
  • Jul 8, 2010 2:21am Jul 8, 2010 2:21am
reads like a simon and garfunkel song with the psychedlic lyrics

Quoting Avatara
By the end of the week growth is freedom.
And the train to the north has not stopped ...
Rollback within the "volatility-liberties" in the pipe.
  • #1,762
  • Jul 8, 2010 2:34am Jul 8, 2010 2:34am
Potential short on the cards for E/U? We might have to wait for this candle to complete first before confirming the resumption of trend.

Opinion anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-08_1528.jpg Size: 104 KB
  • #1,763
  • Jul 8, 2010 2:45am Jul 8, 2010 2:45am
dunno. lets see where the current h4 closes. the previous h4 have been having higher highs and higher lows.

i frankly would love to go long on euro at the 2500 region if price closes above it.

on my other trades - nothing to report since i didnt take anything. i had a pending sell on eurnzf at 8000, but cancelled it since price didnt reach. i am now watching usdchf,gbpchf and eurgbp for shorts as they reach their 50% fibs higher.

Quoting herzog21
Potential short on the cards for E/U? We might have to wait for this candle to complete first before confirming the resumption of trend.

Opinion anyone?
  • #1,764
  • Jul 8, 2010 3:41am Jul 8, 2010 3:41am
DanUK

Thanks a lot my friend! __/__
i have googled it & got it.......
regards...
Shri Ram
  • #1,765
  • Jul 8, 2010 3:45am Jul 8, 2010 3:45am
Quoting herzog21
Potential short on the cards for E/U? We might have to wait for this candle to complete first before confirming the resumption of trend.

Opinion anyone?
I am with you on this but will be watching for PA this evening before I enter.
  • #1,766
  • Jul 8, 2010 4:33am Jul 8, 2010 4:33am
Quoting herzog21
Potential short on the cards for E/U? We might have to wait for this candle to complete first before confirming the resumption of trend.

Opinion anyone?
okay the said candle closed very near the open and is a doji/spinning top. i am anxiously awaiting the series of news due to come out tonight. if euro weakens, it will surely mark the end of the mini bull run as recent days saw the struggles the euro faces in rising up on the daily chart. i will also be bearish for next week as well.
  • #1,767
  • Jul 8, 2010 7:34am Jul 8, 2010 7:34am
Hi guys,

Thanks for your kind and amusing (FX Genius!) words.

I'm glad to see there are still people interested in trend trading and in the spirit of learning and sharing I shall continue to contribute!

Regards,

Dan
  • #1,768
  • Jul 8, 2010 7:44am Jul 8, 2010 7:44am
Right then, back to trading...

Quoting crazzypip
I know this is not really a trend trade.
My short U/C at 10555
I made a mistake on the first target, it is 1.04800 38% fib retrace.
second target 1.04200 50% fib.

I am also short now A/U 0.8650. strong res here I think.

CP
Hi CP,

Nice work on U/C... looks like it is working out well for you. I am actually long A/U off of 0.8500 - PA assisted; I took the break of the bullish outside bar that formed on the 6th - 50% of the move and 0.8500 key level.

Quoting Fx_Genius
Still in.....

Might add if it does what I think it might. Bounce off 1.275-1.28 and back down. Else I play what I have.
Hi Fx_Genius,

E/U is about to hit my outer trendline... if it breaks I will be looking at building long term long positions. If it is rejected though we should see the resumption of the downtrend.

Quoting Auspip
I draw trend lines for weekly, daily and 4hr. I use the lows.
Nice rules Auspip! Thanks for the post.

Regards,

Dan
  • #1,769
  • Jul 8, 2010 7:49am Jul 8, 2010 7:49am
Quoting DanUK
Hi guys,

Thanks for your kind and amusing (FX Genius!) words.

I'm glad to see there are still people interested in trend trading and in the spirit of learning and sharing I shall continue to contribute!

Regards,

Dan
Great news Dan, now let's get back to some trading.
  • #1,770
  • Jul 8, 2010 8:01am Jul 8, 2010 8:01am
[quote=DanUK;3859820 I am actually long A/U off of 0.8500 - PA assisted; I took the break of the bullish outside bar that formed on the 6th - 50% of the move and 0.8500 key level.

hmm, AU and UC are a yoyo for me. good for you.





E/U is about to hit my outer trendline.

- mine is at 2705 ish.. yours?
  • #1,771
  • Jul 8, 2010 9:04am Jul 8, 2010 9:04am
Quoting coolshades

- mine is at 2705 ish.. yours?
Yes that's about right, I'll settle for a bounce off of 1.2700 though!
  • #1,772
  • Jul 8, 2010 11:49am Jul 8, 2010 11:49am
Is the TL your watching (2700 level) sloping up or down??

I have a bearish long-term TL (sloping downward) at around 2750 level??

Regards, JoelD
  • #1,773
  • Jul 8, 2010 12:38pm Jul 8, 2010 12:38pm
Quoting JoelD
Is the TL your watching (2700 level) sloping up or down??

I have a bearish long-term TL (sloping downward) at around 2750 level??

Regards, JoelD
Hi JoelD,

I have two trendlines, the major one (mentioned in the earlier post) is a resistance (sloping downward) trendline. The second is a developing support trendline... also note the 1.2500 level is important.

I think this is potential crossroads for the E/U... either we are going to resume the trend here or we are going long.

One caveat however is that summertime often produces ranging markets so this is something to be aware of!

Regards,

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #1,774
  • Jul 8, 2010 1:39pm Jul 8, 2010 1:39pm
Dan - Many thank!
I was drawing my TL on the 4 hr TF, and it was not as far back as yours on the daily.

Thanks again.
  • #1,775
  • Jul 8, 2010 2:24pm Jul 8, 2010 2:24pm
I would like to post an update on my current and pending trades:

Current Trade:
usdchf


Pairs i am looking at:
gbpusd
eurusd
eurgbp
eurcad
chfjpy

Sorry about all the charts but its better to explain what i am looking at.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 124 KB
Click to Enlarge Name: gbpusd.jpg Size: 111 KB
Click to Enlarge Name: eurusd.jpg Size: 146 KB
Click to Enlarge Name: eurgbp.jpg Size: 144 KB
Click to Enlarge Name: eurcad_Daily.jpg Size: 136 KB
Click to Enlarge Name: eurcad_H4.jpg Size: 145 KB
Click to Enlarge Name: chfjpy.jpg Size: 156 KB
  • #1,776
  • Edited 5:57pm Jul 8, 2010 5:29pm | Edited 5:57pm
Hi Dan,

Glad to have you back.

Ive taken pofit on my short G/C 1.6620 at 1.5740 38% fib also nice profit on my short U/C
My A/U trade was a bad call hit sl - 100 pips.

Ok my probem is I am now thinking long on A/U but short E/U at 1.2700
They seem to always follow each other.
What do you all think?
CP
  • #1,777
  • Jul 8, 2010 5:48pm Jul 8, 2010 5:48pm
Hi Bez3000,

Nice charts mate!

E/G we are totaly on the same page.

CP
  • #1,778
  • Jul 8, 2010 5:48pm Jul 8, 2010 5:48pm
Quoting crazzypip
Ok my probem is I am now thinking long on A/U but short E/U at 1.700
They seem to always follow each other.
What do you all think?
CP
E$ @ 1.700??? Typo?
  • #1,779
  • Jul 8, 2010 6:00pm Jul 8, 2010 6:00pm
Thanks Fx genius,
I ment 1.2700
CP
  • #1,780
  • Jul 8, 2010 6:23pm Jul 8, 2010 6:23pm
Quoting crazzypip
Thanks Fx genius,
I ment 1.2700
CP
I might miss this one but I want it to run past to about 1.275-1.28 then back. I don't like trying to pick top entries but good round entry number.

Plonker. Had to look up that one, funny evolution. Not as up to date as I used to be on UK slang.
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