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Backing Trades Thru Charts

  • #2,021
  • Jul 22, 2010 2:27am Jul 22, 2010 2:27am
Quoting TheLastCoke
EUR/USD I will sell at E

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Done.

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  • #2,022
  • Jul 22, 2010 2:30am Jul 22, 2010 2:30am
Quoting TheLastCoke
This is the first bump, expect some bounce here.

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As expected, this bounce will give an opp to get in or add.
  • #2,023
  • Jul 22, 2010 2:33am Jul 22, 2010 2:33am
Sharing beautiful chart with Coke
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  • #2,024
  • Jul 22, 2010 2:43am Jul 22, 2010 2:43am
Quoting TheLastCoke
CHF/JPY Right at LTL

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Take a closer look to the rejection + 70

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  • #2,025
  • Jul 22, 2010 2:45am Jul 22, 2010 2:45am
Quoting TheLastCoke
EUR/CHF Right at LTL. Since it broke the 4H TL and bounced off the Monthly I see this as a nice set up.

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Stopped out -20
  • #2,026
  • Jul 22, 2010 4:41am Jul 22, 2010 4:41am
Quoting TheLastCoke
This is the first bump, expect some bounce here.

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1.3353 now - So would you say this is the 2nd bounce happening or a break?

thanks

PS: charts not letting me save and send at moment so will work on it - using netdania if anyone can help me with that one
"Millionaires don't use astrology, billionaires do"
  • #2,027
  • Jul 22, 2010 4:50am Jul 22, 2010 4:50am
Quoting forex_growth
1.3353 now - So would you say this is the 2nd bounce happening or a break?

thanks

PS: charts not letting me save and send at moment so will work on it - using netdania if anyone can help me with that one
From what little I have understood I believe went as high as 1.3390 within the last couple of candles, so I guess that was the bump....not sure just my personal observation....
Raza
  • #2,028
  • Jul 22, 2010 5:19am Jul 22, 2010 5:19am
Hi TLC,
EUR JPY price broke below and retest it but the price shoot up very fast, so will you take this trade? i usually fear to enter a trade if momentum seem to be contradict to the direction i want to trade.
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  • #2,029
  • Jul 22, 2010 5:29am Jul 22, 2010 5:29am
Quoting carrot_yuli
Hi TLC,
EUR JPY price broke below and retest it but the price shoot up very fast, so will you take this trade? i usually fear to enter a trade if momentum seem to be contradict to the direction i want to trade.
Hey bro, I could be wrong and interpreting it incorrectly but this is what he said to me -

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.

So I'd presume that he would take it as a bounce, with tight SL and if it does happen to come back and break out his SL then thats a trade lost.... cant win them all!
"Millionaires don't use astrology, billionaires do"
  • #2,030
  • Jul 22, 2010 6:11am Jul 22, 2010 6:11am
Quoting shr5
From what little I have understood I believe went as high as 1.3390 within the last couple of candles, so I guess that was the bump....not sure just my personal observation....
sorry bro still dont get it LOL a bit slow I guess
"Millionaires don't use astrology, billionaires do"
  • #2,031
  • Jul 22, 2010 7:47am Jul 22, 2010 7:47am
Quoting TheLastCoke
CHF/JPY Right at LTL

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Update, holding +80

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  • #2,032
  • Jul 22, 2010 7:51am Jul 22, 2010 7:51am
Quoting TheLastCoke
AUD/CAD Support now Resistance + Rising Wedge

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Stopped out +40

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  • #2,033
  • Jul 22, 2010 7:53am Jul 22, 2010 7:53am
Quoting TheLastCoke
Watch it closely. Lots of pips either way.

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Stopped out +50

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  • #2,034
  • Jul 22, 2010 7:56am Jul 22, 2010 7:56am
Quoting TheLastCoke
Pretty much trading the channel retest here.

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Stopped out -40

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  • #2,035
  • Jul 22, 2010 7:58am Jul 22, 2010 7:58am
Quoting TheLastCoke
EUR/CAD Sell at break

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Stopped out +25

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  • #2,036
  • Jul 22, 2010 8:01am Jul 22, 2010 8:01am
Quoting TheLastCoke
AUD/JPY Since it broke the yellow TL already I expect a bounce to the triangle UTL

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Holding +80. Got in late

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  • #2,037
  • Jul 22, 2010 8:03am Jul 22, 2010 8:03am
Quoting TheLastCoke
GBP/JPY at similar situation

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Stopped out -45. (just to see it going my way)

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  • #2,038
  • Jul 22, 2010 8:12am Jul 22, 2010 8:12am
I was asked what is stopped out with a + sign means. It is a positive trade that reverse on me once the SL is move in my favor.
  • #2,039
  • Jul 22, 2010 8:17am Jul 22, 2010 8:17am
Awesome recaps coke, did you enter off a touch of these trend lines.
  • #2,040
  • Jul 22, 2010 8:22am Jul 22, 2010 8:22am
Quoting carrot_yuli
Hi TLC,
EUR JPY price broke below and retest it but the price shoot up very fast, so will you take this trade? i usually fear to enter a trade if momentum seem to be contradict to the direction i want to trade.
Looked good, next time wake me up.

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