Backing Trades Thru Charts | Page 132 | Forex Factory

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Backing Trades Thru Charts

  • #2,621
  • Aug 13, 2010 10:21am Aug 13, 2010 10:21am
Quoting TheLastCoke
Rating box, top right hand side of this page.
maybe i need to have more posts or something. no rating box for me up there:
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  • #2,622
  • Edited 11:02am Aug 13, 2010 10:23am | Edited 11:02am
TLC: I will try to improve my charts coming period to make the thread even more perfect.

I see this here though, EU.
And zoomed out confluence area.
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  • #2,623
  • Aug 13, 2010 10:53am Aug 13, 2010 10:53am
Quoting TheLastCoke
EUR/CHF

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EUR/CHF at entry point

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  • #2,624
  • Aug 13, 2010 10:56am Aug 13, 2010 10:56am
EUR/AUD Broke key level.

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  • #2,625
  • Aug 13, 2010 10:57am Aug 13, 2010 10:57am
Quoting TheLastCoke
EUR/CHF at entry point

Attachment
i like your clean charts! great thread!

may i ask where you put your sl here.

thanks
meine augen sind die sterne
  • #2,626
  • Aug 13, 2010 11:02am Aug 13, 2010 11:02am
Quoting aserbfx
i like your clean charts! great thread!

may i ask where you put your sl here.

thanks
Since I don't see too much bullish confluence at this entry, I would use a thight SL, Just below 61% fib.
  • #2,627
  • Aug 13, 2010 11:16am Aug 13, 2010 11:16am
Quoting Jenks_fx
It's due a retrace.
worked well. went lower than I expected. also grabbed pips on the ride back up.
  • #2,628
  • Aug 13, 2010 11:28am Aug 13, 2010 11:28am
Quoting TheLastCoke
Attachment

Attachment
I see a lot of potential in this trade, +70 so far. No drawdown.

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  • #2,629
  • Aug 13, 2010 11:40am Aug 13, 2010 11:40am
Look where it stopped and reversed, from the LTL of channel.



Quoting TheLastCoke
EUR/AUD Broke key level.

Attachment
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  • #2,630
  • Aug 13, 2010 11:40am Aug 13, 2010 11:40am
Quoting TheLastCoke
I see a lot of potential in this trade, +70 so far. No drawdown.

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I woulda been short there if I didn't sleep. two nights in a row for me that aud/usd and nzd/usd retraced while I slept. both would have been good entries for shorts. i dont like to use limit orders but maybe i should start
  • #2,631
  • Edited 12:25pm Aug 13, 2010 11:57am | Edited 12:25pm
Interesting possible scenario.
When the first up side down H&S completes, the 2nd can also.
The resistance levels are there..
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  • #2,632
  • Aug 13, 2010 11:57am Aug 13, 2010 11:57am
Quoting TheLastCoke
I can't blame you I don't like pending orders either.
I'm not sure which is worse, PO's, or staying up til 4 in the morning....
  • #2,633
  • Aug 13, 2010 12:03pm Aug 13, 2010 12:03pm
http://i36.tinypic.com/6px55t.png
  • #2,634
  • Aug 13, 2010 12:14pm Aug 13, 2010 12:14pm
Quoting TheLastCoke
You should ask my wife....LOL
  • #2,635
  • Aug 13, 2010 12:19pm Aug 13, 2010 12:19pm
Same here, waiting for that retest. (if)
  • #2,636
  • Aug 13, 2010 12:55pm Aug 13, 2010 12:55pm
Quoting TheLastCoke
EUR/CHF at entry point

Attachment
does this lower trendline only got 2 touch points?
the one that started on 22.07.10 and the current one today? because that will make really no sense to me.
or how do you draw that?
meine augen sind die sterne
  • #2,637
  • Aug 13, 2010 1:03pm Aug 13, 2010 1:03pm
Although price did indeed break below that trend line, I still see it as nicely within the yellow wedge. Until price breaks below, only longs for me.
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  • #2,638
  • Aug 13, 2010 1:50pm Aug 13, 2010 1:50pm
Quoting aserbfx
does this lower trendline only got 2 touch points?
the one that started on 22.07.10 and the current one today? because that will make really no sense to me.
or how do you draw that?
Read This #223253
  • #2,639
  • Aug 13, 2010 10:54pm Aug 13, 2010 10:54pm
thanks TLC for your service, this is one of your templates
perfect entry !
and I am up 96 pips at this point
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  • #2,640
  • Aug 13, 2010 11:23pm Aug 13, 2010 11:23pm
Blue boxes are shorts exiting this pair, very evident..........as soon as price breaks this line ill consider longs. I really liked the idea of longs @ 7015, but its starting to look like buyers are already coming in. Its already made higher high and lower low.....this has the potential to be a long term trade. If and when price breaks this tl, ill post a chart with my entry .
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