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Backing Trades Thru Charts

  • #2,541
  • Aug 11, 2010 11:27pm Aug 11, 2010 11:27pm
Quoting trj6911
cadjpy
Yep, see it. Should drop at least to 61 fib which is around 78.0. Sitting at 50 fib right now. Be nice if it made it to 71.0 (max target of triangle).

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  • #2,542
  • Aug 11, 2010 11:32pm Aug 11, 2010 11:32pm
Quoting trj6911
So you going into selling signals TLC? nothing wrong with that, but when your trades are expected to produce results sometimes distorts your abilities... just keep posting so some of us learners can learn, i dont follow no ones trades i watch how you draw your conclusion and then map it on the next set up ...

All the best in your endeavors..
I’m not against signal providers but IMHO blindly follow and entry without knowing the reason behind it, is just too difficult to successfully achieve results. Any trade can turn directions before reaching its target. I believe by constantly monitoring PA thru charts is the best way to keep up track of your trades and therefore take the appropriate decisions at the right time. To answer to your question, no I’m not selling signals. The thread will be the same and I will be posting as well.
  • #2,543
  • Aug 11, 2010 11:46pm Aug 11, 2010 11:46pm
Quoting Accumulation
Yep, see it. Should drop at least to 61 fib which is around 78.0. Sitting at 50 fib right now. Be nice if it made it to 71.0 (max target of triangle).

Attachment
CAD/JPY I see this bump first

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  • #2,544
  • Aug 11, 2010 11:59pm Aug 11, 2010 11:59pm
Quoting TheLastCoke
CAD/JPY I see this bump first

Attachment

Thanks TLC.
  • #2,545
  • Aug 12, 2010 12:06am Aug 12, 2010 12:06am
Quoting TheLastCoke
Update: SL Moved + 100. No drawdown.

Attachment
Great!!
you have to be out to be in
  • #2,546
  • Aug 12, 2010 12:16am Aug 12, 2010 12:16am
Hi TLC,

Nice thread! will subscribe and follow this thread.

Thanks,
epeks.
  • #2,547
  • Aug 12, 2010 12:18am Aug 12, 2010 12:18am
Eur.CHF H4 is testing the LTL also there is 38.2 % retracement. But since all other euro pairs are falling, i am confused about going long here.

Whts ur opinion COKE?
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  • #2,548
  • Aug 12, 2010 12:20am Aug 12, 2010 12:20am
Quoting TheLastCoke
Or this?

Attachment
EUR/USD Bounced to the pip so far, let's see how strong it is.

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  • #2,549
  • Aug 12, 2010 12:21am Aug 12, 2010 12:21am
Quoting gta5555
Eur.CHF H4 is testing the LTL also there is 38.2 % retracement. But since all other euro pairs are falling, i am confused about going long here.

Whts ur opinion COKE?
I do have the same chart. Long already.
  • #2,550
  • Aug 12, 2010 12:36am Aug 12, 2010 12:36am
In continuation of my previous charts. i figured out my target...
Its todays pivot point which i drawn because the indicator gives wrong pivot points.
I think its going to bounce there because of yesterdays bearishness.
It probably won't hit S1.5 because that would be tomorow if the channel remains unbroken and then there are different levels.
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  • #2,551
  • Aug 12, 2010 12:48am Aug 12, 2010 12:48am
Quoting TheLastCoke
We need some of your beautiful EW charts here buddy!!!! 1V+
My EU chart
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you have to be out to be in
  • #2,552
  • Aug 12, 2010 12:56am Aug 12, 2010 12:56am
Quoting Accumulation
Yep, see it. Should drop at least to 61 fib which is around 78.0. Sitting at 50 fib right now. Be nice if it made it to 71.0 (max target of triangle).

Attachment
yeah going to go short here waiting for signs of selling
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  • #2,553
  • Aug 12, 2010 1:06am Aug 12, 2010 1:06am
Quoting longshot_nl
Its todays pivot point which i drawn because the indicator gives wrong pivot points.
Use this Pivot Points
  • #2,554
  • Aug 12, 2010 1:17am Aug 12, 2010 1:17am
Quoting trj6911
yeah going to go short here waiting for signs of selling
Looks like selling to me.

No stopping volume yet since Frank open.
  • #2,555
  • Aug 12, 2010 1:31am Aug 12, 2010 1:31am
Quoting TheLastCoke
Use this Pivot Points
Thanks TLC, these Pivots are the same as my MBT navigator account.
Only drawing in MBT is crap so i use another trading account for drawing with MT.

Anyhow.. i corrected my chart.. with s.ZhouYun.h's channel.

I now think R1 will be reached to test that channel.
Although my TP for my long position is just below the PP i have a short order at 1.30 which is obviously a round number and close to R1.
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  • #2,556
  • Aug 12, 2010 1:34am Aug 12, 2010 1:34am
Sorry i made an error.
R1 should be R0.5
  • #2,557
  • Aug 12, 2010 2:08am Aug 12, 2010 2:08am
Quoting trj6911
usdchf
USD/CHF Flat

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  • #2,558
  • Aug 12, 2010 2:34am Aug 12, 2010 2:34am
USD/JPY Flat

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  • #2,559
  • Aug 12, 2010 2:56am Aug 12, 2010 2:56am
I wonder.....
Target is 1.25.
As long as down channel holds, otherwise delayed.
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  • #2,560
  • Aug 12, 2010 3:53am Aug 12, 2010 3:53am
interesting area on eurjpy ...
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