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Backing Trades Thru Charts

  • #1,761
  • Jul 13, 2010 2:22pm Jul 13, 2010 2:22pm
Rush you posted dollar index futures but you are talking about the USDX. Forgive me but I'm confused and where is the daily channel? We need to be very clear about this. What do you mean "party on"?
Gone to a better place
  • #1,762
  • Jul 13, 2010 2:32pm Jul 13, 2010 2:32pm
This trade i made maybe a little prematurely but i don't want to miss the boat south.

on 1h macd and cci weakening and stoch pointing down.

Going for 500 my first pip trade
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  • #1,763
  • Jul 13, 2010 2:43pm Jul 13, 2010 2:43pm
Quoting Rush
Hi.
Could you also share the movement-indicator? Love it.
I'm sorry that I missed your post. Here is the move indicator with all the range info you could ever want. Enjoy.
Attached File(s)
File Type: mq4 # RANGE_TRADER_9.09 Labais53.mq4   20 KB | 429 downloads
  • #1,764
  • Jul 13, 2010 3:17pm Jul 13, 2010 3:17pm
Quoting smikester
Rush you posted dollar index futures but you are talking about the USDX. Forgive me but I'm confused and where is the daily channel? We need to be very clear about this. What do you mean "party on"?
Sry about that. The futures contract it is. Is there any big difference?
https://www.theice.com/productguide/...tml?specId=194
Big advantage with futures are that they are being traded at a centralized exchange.

The channel was not confirmed, but the movement around the lower line i believe, proves there was a potential for a channel, at least.
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  • #1,765
  • Jul 13, 2010 3:25pm Jul 13, 2010 3:25pm
OK...I try to trade my plan, but I just closed up shop on the pound/kiwi for a 1% loss (total for all 3 positions).

I long the pound/dollar, and long the kiwi/dollar, which pretty much just hedges the gbp/nzd. So I'm out. I do still want it, I will still watch it, but I'm not letting all 3 positions get stopped out on their own for -3%.

If I get back in I'll post it here.
  • #1,766
  • Jul 13, 2010 4:12pm Jul 13, 2010 4:12pm
it seems we are just kissing the TL on the daily chart. Also there is an inverse head and shoulders pattern that ends up finishing a bull flag pattern.
Attached Image (click to enlarge)
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  • #1,767
  • Jul 13, 2010 4:19pm Jul 13, 2010 4:19pm
Quoting Huey
it seems we are just kissing the TL on the daily chart. Also there is an inverse head and shoulders pattern that ends up finishing a bull flag pattern.
Genious Huey. It could well be a bull flag. So we wait to break the resistance/trend line...
Gone to a better place
  • #1,768
  • Jul 13, 2010 5:55pm Jul 13, 2010 5:55pm
Quoting profxtrader
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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Exit +60
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,769
  • Jul 13, 2010 5:57pm Jul 13, 2010 5:57pm
Quoting profxtrader
Another one.

Attachment

Exit +35.

Had an AUDUSD long that got triggered at retest of resistance turned support. +40
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,770
  • Jul 13, 2010 6:02pm Jul 13, 2010 6:02pm
Here is another trade. Trading D to E.

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Every time you use 'hopium' in a post, God kills a kitten.
  • #1,771
  • Jul 13, 2010 6:11pm Jul 13, 2010 6:11pm
Will try for a short at the arrow, if price gets there. WR 1 also at that point, and fib 38.2 from 4. june high.
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  • #1,772
  • Jul 13, 2010 6:45pm Jul 13, 2010 6:45pm
Quoting Huey
it seems we are just kissing the TL on the daily chart. Also there is an inverse head and shoulders pattern that ends up finishing a bull flag pattern.
Took that short.
  • #1,773
  • Jul 13, 2010 6:46pm Jul 13, 2010 6:46pm
Quoting TheLastCoke
EUR/USD Short at TL.

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Managed to get ou BE+1
  • #1,774
  • Jul 13, 2010 6:47pm Jul 13, 2010 6:47pm
Quoting TheLastCoke
What a nice spot!!!!! Nice rejection.

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Stopped out -30
  • #1,775
  • Jul 13, 2010 6:50pm Jul 13, 2010 6:50pm
Quoting TheLastCoke
Out because 38% Ret. and TL. +180

Edit: Thinking about reversing, any thoughts?

Attachment
Looked too good to be true but it was.
  • #1,776
  • Jul 13, 2010 7:49pm Jul 13, 2010 7:49pm
The major xxxjpy pairs all seem to be right below an important resistance zone. Should be watched.
  • #1,777
  • Jul 13, 2010 9:11pm Jul 13, 2010 9:11pm
Quoting Rush
The major xxxjpy pairs all seem to be right below an important resistance zone. Should be watched.
I shorted CADJPY, CHFJPY, and USDJPY about an hour and 45 minutes ago. CHFJPY trade I posted... the rest are just simple resistance trades.
Every time you use 'hopium' in a post, God kills a kitten.
  • #1,778
  • Edited 10:17pm Jul 13, 2010 9:57pm | Edited 10:17pm
Looking at GU Daily, did I get short 50 points too soon?

(sorry wrong chart fixed now)

Anyway closed it -10. Waiting for contact.
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  • #1,779
  • Jul 13, 2010 10:26pm Jul 13, 2010 10:26pm
hey STEVEX,
wht if the gbp/usd break the trendline. that would mean huge bull run.. i mean wht should be stop loss for shorting at trendline?


can somebody explain me , wht was the reason behind such a bull run. couldnt even find any news abt it??
  • #1,780
  • Jul 13, 2010 10:28pm Jul 13, 2010 10:28pm
Expecting a BO to the upside.
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