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Backing Trades Thru Charts

  • #2,061
  • Jul 22, 2010 8:35pm Jul 22, 2010 8:35pm
GJ TL
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  • #2,062
  • Jul 22, 2010 8:41pm Jul 22, 2010 8:41pm
Quoting getforex
Hi Coke! I am new, so forgive my ignorance. What is 'LO'?
NP......London Open.
  • #2,063
  • Jul 22, 2010 8:45pm Jul 22, 2010 8:45pm
Quoting forex_growth
thanks TLC but as a newbie... confirmation of certain patterns you need to know beforehand if you know what I mean.. are there maybe 5 or 10 things I should really concentrate pattern-wise in there? Or are there just too many to state this one is better or more common etc...
Concentrate in the most common ones as Flags, pennants, wedges, triangles and channels.
  • #2,064
  • Jul 22, 2010 8:55pm Jul 22, 2010 8:55pm
Quoting TheLastCoke
It is not a typical book you read cover to cover. Keep it as a reference when you need to confirm a pattern.
Hi Coke. What book was it that you recommended on patterns?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,065
  • Jul 22, 2010 9:03pm Jul 22, 2010 9:03pm
Quoting TheLastCoke
Concentrate in the most common ones as Flags, pennants, wedges, triangles and channels.
I just printed the few pages from the end for easy identification and kept them handy, when I need to know more I go through the book.

They look like this and I keep them nearby in a folder.

http://i27.tinypic.com/2e4g87c.jpg
  • #2,066
  • Jul 22, 2010 9:04pm Jul 22, 2010 9:04pm
Quoting MarcVUM
Hi Coke. What book was it that you recommended on patterns?
I can send you an e-copy if you like Marc, just PM me with an email address.
  • #2,067
  • Jul 22, 2010 9:06pm Jul 22, 2010 9:06pm
Quoting Low
I just printed the few pages from the end for easy identification and kept them handy, when I need to know more I go through the book.

They look like this and I keep them nearby in a folder.

http://i27.tinypic.com/2e4g87c.jpg
thanks for sharing , Low
  • #2,068
  • Jul 22, 2010 9:34pm Jul 22, 2010 9:34pm
My view on eur/cad down then buy on daily ..wow E/U bluffed us all yesterday that put a end to my trading when they dont play by the rules, i stop trading .

cheers...
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Click to Enlarge Name: eurcad daily.gif Size: 14 KB
  • #2,069
  • Jul 22, 2010 9:38pm Jul 22, 2010 9:38pm
EUR/AUD M ppx has stalled it successfully AUD/USD hasnt finished rising waiting to restest then resume upwards so will then close this trade...well thats the plan ..
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  • #2,070
  • Jul 22, 2010 9:44pm Jul 22, 2010 9:44pm
Cable is going burst forth imo above daily PPX and utl and a ltl is forming on lower TF.. the only things that makes me cautious is the dollar index looks to be basing so be aware...
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Click to Enlarge Name: cable 4.gif Size: 14 KB
  • #2,071
  • Jul 22, 2010 10:01pm Jul 22, 2010 10:01pm
Quoting TheLastCoke
NP......London Open.
Thanx Coke. I am a fan. U, Profxtrader, Low, n Hell, are teaching us newbies a lot.
  • #2,072
  • Jul 22, 2010 10:12pm Jul 22, 2010 10:12pm
Quoting trj6911
Cable is going burst forth imo above daily PPX and utl and a ltl is forming on lower TF.. the only things that makes me cautious is the dollar index looks to be basing so be aware...
GBP/USD Bullish Pennat

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  • #2,073
  • Jul 22, 2010 10:50pm Jul 22, 2010 10:50pm
hi TLC,
wht trade do you suggest from this one. i am confused about selling or buying at LTL?
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  • #2,074
  • Jul 22, 2010 10:54pm Jul 22, 2010 10:54pm
Quoting gta5555
hi TLC,
wht trade do you suggest from this one. i am confused about selling or buying at LTL?
It is at support again....I wouldn't think about selling. #1687 #1785
  • #2,075
  • Jul 22, 2010 11:11pm Jul 22, 2010 11:11pm
Price is above the daily pivot and resisted the weekly pivot overnight...i am biased to the upside but would appreciate all your comments.

Regards

Syed Ali Raza
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Raza
  • #2,076
  • Jul 23, 2010 1:24am Jul 23, 2010 1:24am
Quoting TheLastCoke
GBP/USD Bullish Pennat

Attachment
HI TLC

Hopefully the penant will keep cable above the weekly tl

Cheers Kiwi
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If you are new to Forex? Say Goodbye to your account!!
  • #2,077
  • Jul 23, 2010 1:43am Jul 23, 2010 1:43am
Quoting TheLastCoke
It is at support again....I wouldn't think about selling. #1687 #1785

thanks coke for suggesting the direction of trend.
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  • #2,078
  • Jul 23, 2010 2:27am Jul 23, 2010 2:27am
Quoting gta5555
thanks coke for suggesting the direction of trend.
It's scary how accurate he is sometimes.
Every time you use 'hopium' in a post, God kills a kitten.
  • #2,079
  • Jul 23, 2010 3:37am Jul 23, 2010 3:37am
Quoting profxtrader
One of the recent GBPJPY trades as it's shaping up:

Attachment
Target met:

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Every time you use 'hopium' in a post, God kills a kitten.
  • #2,080
  • Jul 23, 2010 3:44am Jul 23, 2010 3:44am
If the price fall back i think a small buy scalp could be possible at the trendline, I attach a trendline wich will buy automatic that scalp trade, when i am not at the pc.
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