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Backing Trades Thru Charts

  • #1,741
  • Jul 13, 2010 4:09am Jul 13, 2010 4:09am
Quoting carrot_yuli
Hi TLC this is what i see.. i think price already broke UTL and it now become resistance
That's why I'm flat. Broke 4H TL but on the other hand is the fib and 1H TL. Not taking any trade here. Gonna let them fight first.

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  • #1,742
  • Jul 13, 2010 4:11am Jul 13, 2010 4:11am
Quoting TheLastCoke
Out because 38% Ret. and TL. +180

Edit: Thinking about reversing, any thoughts?

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hell, not strong, probably long as last move was sharp move straight to the support of bullish flag... many things tells go long

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not good news for €, flat...
No crystal ball. I read the cards.
  • #1,743
  • Jul 13, 2010 4:57am Jul 13, 2010 4:57am
EUR/USD Short at TL.

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  • #1,744
  • Jul 13, 2010 4:57am Jul 13, 2010 4:57am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
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  • #1,745
  • Jul 13, 2010 5:03am Jul 13, 2010 5:03am
Quoting samirb
I like how the two TL's meet PA on your ''right S''. Well spotted
  • #1,746
  • Jul 13, 2010 5:33am Jul 13, 2010 5:33am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
thanks coke..
let see how it ll goes... its looking good for now.... its in 6 hours so it does take time to final target.
  • #1,747
  • Jul 13, 2010 6:01am Jul 13, 2010 6:01am
Quoting samirb
thanks coke..
let see how it ll goes... its looking good for now.... its in 6 hours so it does take time to final target.
What a nice spot!!!!! Nice rejection.

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  • #1,748
  • Jul 13, 2010 6:38am Jul 13, 2010 6:38am
Quoting TheLastCoke
What a nice spot!!!!! Nice rejection.

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Lower timeframes show things differently.
  • #1,749
  • Jul 13, 2010 6:43am Jul 13, 2010 6:43am
Quoting longshot_nl
Lower timeframes show things differently.
Of course, It all depends on your targets.
  • #1,750
  • Jul 13, 2010 6:47am Jul 13, 2010 6:47am
Quoting TheLastCoke
Of course, It all depends on your targets.
This is my GBP USD.
If the pair touches the arrow i am short.

2 risistance lines and half way R1 and R2.
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  • #1,751
  • Jul 13, 2010 6:50am Jul 13, 2010 6:50am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
monthly chart
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  • #1,752
  • Jul 13, 2010 10:36am Jul 13, 2010 10:36am
I suck!
  • #1,753
  • Jul 13, 2010 11:00am Jul 13, 2010 11:00am
Just looking for a small reaction from the daily TL. Back to trading intraday at least for the US session. I'll be back full force on Thursday.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,754
  • Jul 13, 2010 11:01am Jul 13, 2010 11:01am
Quoting longshot_nl
I suck!
Don't be too hard on yourself - but next time, if time allows, consider waiting for an entry confirmation on a smaller time frame first - it's unlikely you would have gone short. When these markets decide they're going somewhere they don't give a damn about trend lines, pivots, fibs or anything else we put in its way!
I've got my pips - go get yours!
  • #1,755
  • Jul 13, 2010 11:11am Jul 13, 2010 11:11am
Client fired all of his other traders and needs some quick profits so I'll be a bit more hit and run the forseeable future (which is how I like to trade anyways). Long term timeframes have been shunned for shorter ones and technical targets will probably be thrown out for the closest, most likely reaction points.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,756
  • Edited 5:57pm Jul 13, 2010 11:16am | Edited 5:57pm
Another one.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,757
  • Jul 13, 2010 11:20am Jul 13, 2010 11:20am
Quoting profxtrader
Just looking for a small reaction from the daily TL. Back to trading intraday at least for the US session. I'll be back full force on Thursday.

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Stopped out -15. In retrospect VSA principles would have kept me out of that trade. Oh well, I'll trade it to the upside when the opportunity presents itself.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,758
  • Jul 13, 2010 11:52am Jul 13, 2010 11:52am
Quoting BackTestDummy
Don't be too hard on yourself - but next time, if time allows, consider waiting for an entry confirmation on a smaller time frame first - it's unlikely you would have gone short. When these markets decide they're going somewhere they don't give a damn about trend lines, pivots, fibs or anything else we put in its way!
Thanks.
I still have my short.
But its making lower lows and lower highs now.
CCI is really low too and MACD pointing down.
Maybe i get to be a little right after all.
Otherwise i go simulate and automate my trading, i think i may be better at that.
  • #1,759
  • Jul 13, 2010 12:33pm Jul 13, 2010 12:33pm
http://i25.tinypic.com/24vijgn.png

http://i32.tinypic.com/2k0rxh.png

http://i31.tinypic.com/2rd7yud.png
  • #1,760
  • Jul 13, 2010 1:58pm Jul 13, 2010 1:58pm
Dollar index will probably pull back to around the 84 level, and then the commodity currencies and the euro will continue to party on.
I guess the daily channel outbreak earlier should have served as a warning.
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