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Backing Trades Thru Charts

  • #2,001
  • Jul 22, 2010 12:28am Jul 22, 2010 12:28am
Quoting special0nefx
It's what i saw too...great Coke
......Or this if you prefer

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  • #2,002
  • Jul 22, 2010 12:33am Jul 22, 2010 12:33am
Quoting TheLastCoke
......Or this if you prefer

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Both also . Nice draw
  • #2,003
  • Jul 22, 2010 12:37am Jul 22, 2010 12:37am
CHF/JPY Right at LTL

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  • #2,004
  • Jul 22, 2010 12:39am Jul 22, 2010 12:39am
You could argue a channel for Cable.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #2,005
  • Jul 22, 2010 12:46am Jul 22, 2010 12:46am
Quoting TheLastCoke
CHF/JPY Right at LTL

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So may I ask when would you trade it. Would you hone in on 1 or 5 min chart and see where it bounces or breaks the LTL and keep a look out on 4hr chart and see which way the candle is?

Im new and trying to get my head around this - do struggle sometimes so all help, explanations and critique most welcomed!

cheers Coke!
"Millionaires don't use astrology, billionaires do"
  • #2,006
  • Jul 22, 2010 12:54am Jul 22, 2010 12:54am
TLC your charts never cease to amaze me. You never seem to miss a beat lol

This is my first post with a chart. Im wondering how this may unfold. Can you shed any light please TLC?

Also...how do you post such clear charts, what format are you guys using?
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  • #2,007
  • Jul 22, 2010 12:56am Jul 22, 2010 12:56am
Quoting forex_growth
So may I ask when would you trade it. Would you hone in on 1 or 5 min chart and see where it bounces or breaks the LTL and keep a look out on 4hr chart and see which way the candle is?

Im new and trying to get my head around this - do struggle sometimes so all help, explanations and critique most welcomed!

cheers Coke!
On bigger TF's (4H and up) I like to enter by the touch and retest for breaks. Since my trades are based mostly on TL's I assume a bounce at them using a tight SL.
  • #2,008
  • Jul 22, 2010 12:59am Jul 22, 2010 12:59am
Quoting TheLastCoke
On bigger TF's I like to enter by the touch and retest for breaks. Since my trades are based mostly on TL's I assume a bounce at them using a tight SL.
aaah I get you sweet thanks! so by bigger TF's you mean 1H and above?

thanks bro!

gonna start putting charts up too - if you pass them and see something then please comment and let me know if good or bad, cheers!
"Millionaires don't use astrology, billionaires do"
  • #2,009
  • Jul 22, 2010 1:00am Jul 22, 2010 1:00am
Quoting TheLastCoke
On bigger TF's I like to enter by the touch and retest for breaks. Since my trades are based mostly on TL's I assume a bounce at them using a tight SL.
Smart guy, less loss, more gain
  • #2,010
  • Jul 22, 2010 1:09am Jul 22, 2010 1:09am
Quoting Buai
TLC your charts never cease to amaze me. You never seem to miss a beat lol

This is my first post with a chart. Im wondering how this may unfold. Can you shed any light please TLC?

Also...how do you post such clear charts, what format are you guys using?
My view #1954 #1972

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  • #2,011
  • Jul 22, 2010 1:16am Jul 22, 2010 1:16am
Quoting TheLastCoke
My view #1954 #1972

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Got it...so, that price broke through the LTL even a little, means that it's all over for the LTL, and down it goes?
  • #2,012
  • Jul 22, 2010 1:26am Jul 22, 2010 1:26am
Quoting TheLastCoke
EUR/CAD Sell at break

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Quoting shr5
sorry for sounding too naive but it just broke the upper line so should we wait for the candle to break below the line down below now?
Quoting TheLastCoke
Watch where the next candle is gonna close.
This is what I'm talking about. shr5 mention a typical shakeout before the break.

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  • #2,013
  • Jul 22, 2010 1:30am Jul 22, 2010 1:30am
Quoting Buai
Got it...so, that price broke through the LTL even a little, means that it's all over for the LTL, and down it goes?
Trade was based on a 4H chart, It went 14 pips outside the LTL, I wouldn't call that a break instead a beautiful 140 pip bounce. PM me if you have any questions.
  • #2,014
  • Jul 22, 2010 1:37am Jul 22, 2010 1:37am
AUD/JPY Since it broke the yellow TL already I expect a bounce to the triangle UTL

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  • #2,015
  • Jul 22, 2010 1:42am Jul 22, 2010 1:42am
Quoting TheLastCoke
EUR/CAD Sell at break

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This is the first bump, expect some bounce here.

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  • #2,016
  • Jul 22, 2010 1:53am Jul 22, 2010 1:53am
EUR/USD I will sell at E

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  • #2,017
  • Jul 22, 2010 1:57am Jul 22, 2010 1:57am
Quoting TheLastCoke
EUR/USD I will sell at E
That coincides nicely with the Monthly Pivot for me
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,018
  • Jul 22, 2010 2:10am Jul 22, 2010 2:10am
Quoting TheLastCoke
EUR/USD I will sell at E

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hi coke, just saw ur chart, its good, but i can c another UTL nearby. i am confused which should be traded?
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  • #2,019
  • Jul 22, 2010 2:15am Jul 22, 2010 2:15am
Quoting gta5555
hi coke, just saw ur chart, its good, but i can c another UTL nearby. i am confused which should be traded?
Pretty much trading the channel retest here.

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  • #2,020
  • Jul 22, 2010 2:19am Jul 22, 2010 2:19am
I like that nice fat 1 hr pin on our GBP/JPY trade to confirm entry =)
Dr. C
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