Backing Trades Thru Charts | Page 112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to determine thru code which chart window has focus 0 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Forex Daily Charts Scanning “price action in and between charts” 2 replies

Which charts to believe?? the best charts' source ? 19 replies

Attachments: Backing Trades Thru Charts
Exit Attachments

Backing Trades Thru Charts

  • #2,221
  • Jul 28, 2010 4:13pm Jul 28, 2010 4:13pm
heres the statement....

http://www.rbnz.govt.nz/news/2010/4127034.html

tough to say right now what the markets gonna make of it....the statement doesnt provide positive outlook
  • #2,222
  • Jul 28, 2010 4:31pm Jul 28, 2010 4:31pm
http://i28.tinypic.com/24wx0t2.png
  • #2,223
  • Jul 28, 2010 4:50pm Jul 28, 2010 4:50pm
The Aussie/Kiwi? So illiquid, a fifty dollar bet moves the market. Great chart though. But I wouldn't trade that market with any size, almost better off buying a microcap stock for under a penny.
  • #2,224
  • Jul 29, 2010 3:40am Jul 29, 2010 3:40am
EUR/USD Bearish Spot

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 14 KB
  • #2,225
  • Jul 29, 2010 3:42am Jul 29, 2010 3:42am
I'm still not happy they won't let me change my silly username but I'm going to try to resurect this thread because it's impressive.

I'm posting here a chart with Andrews Pitchforks and a resistance line from a previous daily high at 1.3097.
Attached Image (click to enlarge)
Click to Enlarge Name: pitchforks4hr.gif Size: 12 KB
  • #2,226
  • Jul 29, 2010 3:47am Jul 29, 2010 3:47am
For those trading the asian session the NZ bank announcement created a nice setup on the NZDUSD.

Price hit the TL at the point of confluence with horizontal support line. There was a nice double bottom to offer you 2 bites of the cherry.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 2907.jpg Size: 124 KB
  • #2,227
  • Jul 29, 2010 3:48am Jul 29, 2010 3:48am
Quoting TheLastCoke
EUR/USD Bearish Spot

Attachment
Attachment
same view +
Attached Image (click to enlarge)
Click to Enlarge Name: thl.gif Size: 22 KB
No crystal ball. I read the cards.
  • #2,228
  • Jul 29, 2010 4:37am Jul 29, 2010 4:37am
GBP/CAD playing with PPX nice little bearish candles at the top..not sure of the pole thou.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.gif Size: 17 KB
  • #2,229
  • Jul 29, 2010 4:41am Jul 29, 2010 4:41am
GBPCHF ANTICIPATED bounce off major support level S3 ...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 15 KB
  • #2,230
  • Jul 29, 2010 9:58am Jul 29, 2010 9:58am
Quoting TheLastCoke
EUR/USD Bearish Spot

Attachment
Attachment
  • #2,231
  • Jul 29, 2010 12:10pm Jul 29, 2010 12:10pm
2 pin bars and a spinning top on 4 hours, three strong bearish PA for reversal, plus broke ascending wedge. All happening at the 61.8% fib line
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 14.jpg Size: 78 KB
Dr. C
  • #2,232
  • Jul 29, 2010 12:25pm Jul 29, 2010 12:25pm
Gotta go a little higher but agree.
  • #2,233
  • Jul 29, 2010 10:38pm Jul 29, 2010 10:38pm
Quoting KiwiTrada
Hi TLC

I would appreciate you thoughts on EUR/CHF pair

I am looking to long once the Blue LTL confirms as support
The 3 targets identified are short term, my long term targets are TP4 1.5379 TP5 1.6343

Cheers Kiwi
I have adjusted the original bull channel, but the plan still remains.
Was stopped out twice but some very nice buys had, hopefully more to come once LTL confirms.

I would appreciate any comments TLC as I am very green, but hungry to improve

Cheers Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf daily.gif Size: 29 KB
If you are new to Forex? Say Goodbye to your account!!
  • #2,234
  • Jul 29, 2010 11:14pm Jul 29, 2010 11:14pm
EJ h1 is inside a channel, just missed the oppurtunity to buy at LTL.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 44 KB
  • #2,235
  • Jul 30, 2010 12:13am Jul 30, 2010 12:13am
Quoting gta5555
EJ h1 is inside a channel, just missed the oppurtunity to buy at LTL.
Its also flirting with 1h 200sma



Cheeres Kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #2,236
  • Jul 30, 2010 2:47am Jul 30, 2010 2:47am
Quoting Hell7
The 4 hour EUR/CHF chart shows that the trade we where shaken out of earlier reached it's target, and that price seems ready to revisit the lower line of this large flag.
The 4 hour EUR/CHF chart shows that the short taken a few days ago reached it's first target (the bottom of the flag). Time to take some off for 300 pips, keeping a small part to catch the flush should price break below.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100730eurchfH4.gif Size: 29 KB
  • #2,237
  • Jul 30, 2010 12:44pm Jul 30, 2010 12:44pm
http://i28.tinypic.com/30tqtxg.png
  • #2,238
  • Jul 30, 2010 1:34pm Jul 30, 2010 1:34pm
Quoting profxtrader
I've gotta say I'm pleased with today. That said, again this is not bragging. This is just to show people again that the way that TLC trades is really all you need to make a buck... or 72 thousand of them in this market. I used to have my charts so cluttered with indicators that I could barely make out price action which is all I should have been looking at anyways. It was TLC's thread that got me back to trading price action only. I am like a militant vegan when it comes to indicators. Indicators are murder!

Attachment

ONE HECK OF A JOB!!!!
  • #2,239
  • Jul 31, 2010 10:41am Jul 31, 2010 10:41am
hey TLC and others..

maybe if it comes down again to test it would be worth jumping in - or

is there still time to jump in now? or
has this ship sailed?

any thoughts..

thanks
Attached Image
"Millionaires don't use astrology, billionaires do"
  • #2,240
  • Jul 31, 2010 10:44am Jul 31, 2010 10:44am
Quoting Low
http://i28.tinypic.com/24wx0t2.png
I'm still not happy they won't let me change my username. Anyway, I'm still learning how to use lines so I guess I should not attempt to "correct" someone's lines. But, this is my interpretation. I believe if there's no reaction to a line, then it may not be valid. On this daily chart, you see which trendline acts as support when it is hit on the hourly chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 13 KB
Click to Enlarge Name: hourly.gif Size: 12 KB
46 traders viewing now