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Backing Trades Thru Charts

  • #2,441
  • Aug 9, 2010 3:37am Aug 9, 2010 3:37am
Quoting Buai
Daily GU...
Very good simmetry, nice chart.
  • #2,442
  • Aug 9, 2010 3:47am Aug 9, 2010 3:47am
Quoting TheLastCoke
Look where it stopped, right to the pip of this rel LTL. This could be a falling wedge inside a giant one.

Attachment
USD/JPY approaching red UTL
  • #2,443
  • Aug 9, 2010 6:18am Aug 9, 2010 6:18am
USD/CAD

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h43.gif Size: 22 KB
  • #2,444
  • Aug 9, 2010 8:23am Aug 9, 2010 8:23am
AUD/USD broke below the LTL of Upward Wedge.

Quoting TheLastCoke
I have two options:
1. Enter at red spot (agressive)
2. Enter at break of wedge LTL (conservative)

Attachment
  • #2,445
  • Aug 9, 2010 8:29am Aug 9, 2010 8:29am
Quoting gta5555
AUD/USD broke below the LTL of Upward Wedge.
Expect a clean powerful break like a knife in butter, this might just be a little spike. What's important to note is that there is no rejection, first clue that it might really breaks but IMHO it might not happend just now.
Hope I made myself understandable.
  • #2,446
  • Aug 9, 2010 8:31am Aug 9, 2010 8:31am
Quoting TheLastCoke
Expect a clean powerful break like a knife in butter, this might just be a spike. What's important to note is that there is no rejection, first clue that it might really breaks but IMHO it might not happend just now.
Hope I made myself understandable.


agreed......I'm gonna need to see a convincing break with some volume before I go short. Its just puttin' around right now.
  • #2,447
  • Aug 9, 2010 8:38am Aug 9, 2010 8:38am
Is it time to buy?

Quoting TheLastCoke
EUR/GBP

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  • #2,448
  • Aug 9, 2010 8:43am Aug 9, 2010 8:43am
Quoting Ghadeer
Is it time to buy?
I'm already in but keep in mind that I'm using a 80pips SL = 1% total capital, looking for 400pips and willing to hold it for weeks. RRR= 1:5
  • #2,449
  • Aug 9, 2010 8:45am Aug 9, 2010 8:45am
Lol, I will try to be as patient as you

Quoting TheLastCoke
I'm already in but keep in mind that I'm using a 80pips SL = 1% total capital, looking for 400pips and willing to hold it for weeks. RRR= 1:5
  • #2,450
  • Aug 9, 2010 8:50am Aug 9, 2010 8:50am
Quoting Ghadeer
Lol, I will try to be as patient as you
Low is the master in this field, he trades on weekly TF's. This is just a good RRR trade.
  • #2,451
  • Aug 9, 2010 8:53am Aug 9, 2010 8:53am
CAD/JPY Retesting LTL

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy h42.gif Size: 20 KB
  • #2,452
  • Aug 9, 2010 9:24am Aug 9, 2010 9:24am
EUR/USD Approaching H4 LTL

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd ltl.gif Size: 16 KB
  • #2,453
  • Aug 9, 2010 9:30am Aug 9, 2010 9:30am
Quoting TheLastCoke
GBP/NZD

Attachment
Nicely rejected at UTL
  • #2,454
  • Aug 9, 2010 12:16pm Aug 9, 2010 12:16pm
Quoting TheLastCoke
Low is the master in this field, he trades on weekly TF's. This is just a good RRR trade.
Hahahaha! I got in it too. the RR is good enough for me. I'm also short the ucad and watching the AU LTL.
  • #2,455
  • Aug 9, 2010 2:42pm Aug 9, 2010 2:42pm
USD/CHF close to UTL and a 4hr close below 50% fibb 4 hr tf..
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 12 KB
  • #2,456
  • Aug 9, 2010 6:50pm Aug 9, 2010 6:50pm
Quoting TheLastCoke
Look at a bigger Picture

Attachment
Moving SL to BE
  • #2,457
  • Aug 9, 2010 6:55pm Aug 9, 2010 6:55pm
Quoting TheLastCoke
CAD/JPY Retesting LTL

Attachment
Nice performance so far.
  • #2,458
  • Aug 9, 2010 9:20pm Aug 9, 2010 9:20pm
channel LTL and 38.2 % level....
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 43 KB
  • #2,459
  • Aug 9, 2010 9:21pm Aug 9, 2010 9:21pm
Quoting mfoste1
agreed......I'm gonna need to see a convincing break with some volume before I go short. Its just puttin' around right now.
'

well i guess we got break w/ volume .....looking to short near LTL retrace.
  • #2,460
  • Aug 9, 2010 9:22pm Aug 9, 2010 9:22pm
Quoting gta5555
channel LTL and 38.2 % level....
Similar view

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 38fib.gif Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 38fibcloser.gif Size: 13 KB
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