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Backing Trades Thru Charts

  • #2,181
  • Jul 27, 2010 9:15am Jul 27, 2010 9:15am
Quoting TheLastCoke
Look at this chart. It is a 4H chart and it passed the LTL by 6 pips. Form my point of view it was a perfect bounce. #2153. Every case is different but I assume it will bounce because TL's are there for that reason. I take a very small risk at bounces and if it breaks I took the loss and wait for the restest to join.

Attachment
Hit the TL out +70
  • #2,182
  • Jul 27, 2010 9:15am Jul 27, 2010 9:15am
Quoting TheLastCoke
USD/CHF

Attachment
Pattern confirmed
  • #2,183
  • Jul 27, 2010 9:21am Jul 27, 2010 9:21am
I am presently short again on the GU, going well, but any thoughts TLC? Thanks in advance.
  • #2,184
  • Jul 27, 2010 9:42am Jul 27, 2010 9:42am
Quoting steroidman
I am presently short again on the GU, going well, but any thoughts TLC? Thanks in advance.
Watch out for breaks because if it does won't expect it to come your way anytime soon

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd july 26.gif Size: 19 KB
  • #2,185
  • Jul 27, 2010 9:47am Jul 27, 2010 9:47am
USD/JPY Pattern still valid and confirmed

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy channels.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: confirmed.gif Size: 18 KB
  • #2,186
  • Jul 27, 2010 9:58am Jul 27, 2010 9:58am
Quoting gta5555
Attachment a penant is forming on GJ H4, waiting for it to break to the upside....

Hi TLC,
just saw ur chart on GJ, and i took long at UTL break out bcoz of penant formation. should i close the trade??
  • #2,187
  • Jul 27, 2010 10:35am Jul 27, 2010 10:35am
Quoting gta5555
Hi TLC,
just saw ur chart on GJ, and i took long at UTL break out bcoz of penant formation. should i close the trade??
Why are you thinking of closing it.....it broke the range and is looking very bullish so far plus we had the bullish pennat like PA plus continuation broadening triangle. (In this case is not on top so it is not a reversing one)

Attached Image (click to enlarge)
Click to Enlarge Name: pattern confirmed.gif Size: 22 KB
  • #2,188
  • Jul 27, 2010 11:14am Jul 27, 2010 11:14am
Both NZD/USD and AUD/USD Showed great 4 hr reversal patterns at significant resistance levels.
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Dr. C
  • #2,189
  • Jul 27, 2010 12:41pm Jul 27, 2010 12:41pm
A view on the daily chart of the AUD/USD

@Thelastcoke - the price has recently made a nice move down at about the point you pinpointed.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.jpg Size: 126 KB
  • #2,190
  • Jul 27, 2010 6:45pm Jul 27, 2010 6:45pm
Which direction is the aud/cad likely to go?
  • #2,191
  • Jul 27, 2010 6:59pm Jul 27, 2010 6:59pm
http://i29.tinypic.com/30hlfnt.png
  • #2,192
  • Jul 27, 2010 7:05pm Jul 27, 2010 7:05pm
http://i32.tinypic.com/2hed8ue.png
  • #2,193
  • Jul 27, 2010 8:40pm Jul 27, 2010 8:40pm
Quoting Low
http://i32.tinypic.com/2hed8ue.png
Nice place for entry Low ? maybe add once first ltl breached ?
You and Coke are trading supremo's lol

Cheers Kiwi

Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd daily.gif Size: 13 KB
If you are new to Forex? Say Goodbye to your account!!
  • #2,194
  • Jul 27, 2010 9:03pm Jul 27, 2010 9:03pm
EUR/JPY break retest LTL, AUD/usd lil mixed on this one it hasnt retested the breakout will watch with intrest....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd.gif Size: 14 KB
  • #2,195
  • Jul 27, 2010 10:17pm Jul 27, 2010 10:17pm
Quoting KiwiTrada
Nice place for entry Low ? maybe add once first ltl breached ?
You and Coke are trading supremo's lol

Cheers Kiwi

Attachment
I wasn't in, I was waiting for a 4H break-retest....very happy I waited.
  • #2,196
  • Jul 28, 2010 1:37am Jul 28, 2010 1:37am
The 4 hour chart of the GBP/USD shows that price reached the upper band of this large green pitchfork, just below the 50% retracement level of the entire move down.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100728gbpD.gif Size: 36 KB
  • #2,197
  • Jul 28, 2010 1:40am Jul 28, 2010 1:40am
Buy setup

Retrace to touch broke UTL, and 50% fib retrace of daily upmove. Also in line with daily LTL.
Dr. C
  • #2,198
  • Jul 28, 2010 2:34am Jul 28, 2010 2:34am
GBP/JPY

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyretesting.gif Size: 16 KB
  • #2,199
  • Jul 28, 2010 2:39am Jul 28, 2010 2:39am
USD/CAD

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  • #2,200
  • Jul 28, 2010 2:46am Jul 28, 2010 2:46am
Quoting TheLastCoke
GBP/JPY

Attachment
Range is break to 50%. Whether will back to range still a question. Heading Weekly previous open [email protected] will look attactive with the high 140.57.
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