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Backing Trades Thru Charts

  • #1,781
  • Jul 13, 2010 11:00pm Jul 13, 2010 11:00pm
Quoting gta5555
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??
Use a stop loss, my friend. You have an exact entry point so can get out if the line is penetrated.
  • #1,782
  • Jul 14, 2010 1:54am Jul 14, 2010 1:54am
Quoting perstoman
Expecting a BO to the upside.
It rather broke to the downside.
I shorted with tight stop
  • #1,783
  • Jul 14, 2010 4:17am Jul 14, 2010 4:17am
The 4 hour EUR/USD chart shows some conflicting signals. On one hand price is moving in a small flag (red lines), suggesting that there are higher prices to come. On the other hand price completed an AB/CD move (two yellow lines), which could indicate that the top is in.

I'm waiting to see how this flag resolves before taking any trades.
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  • #1,784
  • Jul 14, 2010 4:57am Jul 14, 2010 4:57am
The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.
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  • #1,785
  • Jul 14, 2010 10:14am Jul 14, 2010 10:14am
Quoting TheLastCoke
GBP/CHF 260 Pips to T1, Very conservative target.

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Perfect Trade. No drawdown. +260. I see lot more potential.

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  • #1,786
  • Jul 14, 2010 11:51am Jul 14, 2010 11:51am
http://i25.tinypic.com/1zgakqu.png
  • #1,787
  • Jul 14, 2010 4:43pm Jul 14, 2010 4:43pm
NZD/USD. There are several pairs with similar circumstances.

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  • #1,788
  • Jul 14, 2010 4:46pm Jul 14, 2010 4:46pm
Gbp/usd.

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  • #1,789
  • Jul 14, 2010 4:52pm Jul 14, 2010 4:52pm
Eur/usd

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  • #1,790
  • Jul 14, 2010 4:58pm Jul 14, 2010 4:58pm
Aud/jpy

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  • #1,791
  • Jul 14, 2010 5:02pm Jul 14, 2010 5:02pm
Might consider this for eur/usd, break retest resume 12869 will be a area of intrest to me....cheers :nerd:
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  • #1,792
  • Jul 14, 2010 5:05pm Jul 14, 2010 5:05pm
EUR/CHF (Bigger Picture #1530)

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  • #1,793
  • Jul 14, 2010 5:06pm Jul 14, 2010 5:06pm
Quoting trj6911
Might consider this for eur/usd, break retest resume 12869 will be a area of intrest to me....cheers :nerd:
I'll be watching it, Thanks for the input.
  • #1,794
  • Jul 14, 2010 5:16pm Jul 14, 2010 5:16pm
Aud/usd

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  • #1,795
  • Jul 14, 2010 5:23pm Jul 14, 2010 5:23pm
EUR/JPY (In the making #1726)

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  • #1,796
  • Jul 14, 2010 5:40pm Jul 14, 2010 5:40pm
I'm not very good at fundamentals but what has changed that could drastically make a ''sentiment switch''. Fundamental Gurus welcome to share your views.

Thanks.
  • #1,797
  • Jul 14, 2010 6:28pm Jul 14, 2010 6:28pm
Quoting trj6911
Might consider this for eur/usd, break retest resume 12869 will be a area of intrest to me....cheers :nerd:
Hi
My own view i read on my own Chart for next 24h
e/u 1.2945 , Current 1.2740
g/u 1.5475, Current 1.5260
My interest "I ask my self should i close my position there or let it because that not my long term target!"
Better back to sleep now have work early and as always say Please follow only ur own chart and ur own plan

PS:Something i have read it and i like it thought to share
“If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties.”

GL
  • #1,798
  • Jul 14, 2010 8:30pm Jul 14, 2010 8:30pm
NZD/USD. Flag? Too soon to tell but bounced to the pip at C

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  • #1,799
  • Jul 14, 2010 9:26pm Jul 14, 2010 9:26pm
Quoting TheLastCoke
NZD/USD. Flag? Too soon to tell but bounced to the pip at C

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Small trade +40, Nice & Easy

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  • #1,800
  • Jul 14, 2010 9:29pm Jul 14, 2010 9:29pm
Quoting TheLastCoke
Small trade +40, Nice & Easy

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