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Backing Trades Thru Charts

  • #2,681
  • Aug 15, 2010 9:18pm Aug 15, 2010 9:18pm
Long time.
  • #2,682
  • Aug 15, 2010 9:54pm Aug 15, 2010 9:54pm
Quoting TheLastCoke
AUD/CHF

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AUD/CHF Update

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  • #2,683
  • Aug 15, 2010 10:21pm Aug 15, 2010 10:21pm
EUR/USD

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  • #2,684
  • Aug 16, 2010 12:48am Aug 16, 2010 12:48am
Can this be conside as a trectangle area?
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Dancing with Candlesticks
  • #2,685
  • Aug 16, 2010 1:24am Aug 16, 2010 1:24am
cable view a short around the weekly PPX upper S/R lines would be good ..
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  • #2,686
  • Aug 16, 2010 1:46am Aug 16, 2010 1:46am
It is also around the 38 Fib of the move from 1.6 to the recent low!

Quoting trj6911
cable view a short around the weekly PPX upper S/R lines would be good ..
  • #2,687
  • Aug 16, 2010 2:26am Aug 16, 2010 2:26am
haha.. Why the name longshot..?
Maybe a prediction like this gives a clue.
I am just long with a small position.
If i hit the bulls-eye i go short with my whole account.
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  • #2,688
  • Aug 16, 2010 5:17am Aug 16, 2010 5:17am
Back to life after 7 days or more perhaps myself in this forum & connect internet for the first time & seeing my favourite this thread of The lastcoke I like most always, in commercial forum !! anyway I wish back & read again & again to learn more & wish everybody will follow him be most benefited in learning how to trade systemetically & survive in this most suspecious & risky business of money making .
best wishes to the thread & Thelastcoke for best contribution for traders & FF as well.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,689
  • Aug 16, 2010 6:55am Aug 16, 2010 6:55am
Boom
Guess its going down
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  • #2,690
  • Aug 16, 2010 9:22am Aug 16, 2010 9:22am
FLAG has emerged on Usd/Cad H1 timeframe.
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  • #2,691
  • Aug 16, 2010 9:23am Aug 16, 2010 9:23am
Quoting TheLastCoke
GBP/CAD My view

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GBP/CAD Time to Move the SL

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  • #2,692
  • Aug 16, 2010 9:27am Aug 16, 2010 9:27am
a rising wedge has formed on Chf/Jpy. Waiting for downside break.
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  • #2,693
  • Aug 16, 2010 9:28am Aug 16, 2010 9:28am
Quoting TheLastCoke
EUR/USD

Attachment
EUR/USD Make this one a free trade too.

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  • #2,694
  • Aug 16, 2010 9:34am Aug 16, 2010 9:34am
Quoting TheLastCoke
AUD/USD Near Bump

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AUD/USD It wasn't a small bump after all

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  • #2,695
  • Edited 1:06pm Aug 16, 2010 11:38am | Edited 1:06pm
break 1m EU..
I like the lines drawn here so i thought i'd post it.

Edit: Was fakeout.
Edit: Added 2nd pic.

Look at little area of confluence.
While typing it bounced from there 5 pips and then made a small H&S..

Its not anything to get ritch with quick but i enjoy drawing lines and improve my feel for trading.

Edit 2:
Omg i didn't know...
Look how beautifully the borders are parallel channels too in 3rd pic..

Edit 3:
This is stuff to learn from folks.
It broke down the bottom and look where it ends up in pic 4..
Another paralel channel forms.

Edit 4:
Chart 5 shows that areas of confluince to work even on 1m timeframe.
Nothing is random, just be smart enough.
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  • #2,696
  • Aug 16, 2010 11:49am Aug 16, 2010 11:49am
Hi everyone,

in the beginning of my trading experience i have learnt in a hard way, that never add to the losing bid.
and then i learnt that most traders take partial or full profits at different levels like trendlines or S/R or technical targets.
but i learned few days ago that most professional trader always add to their winning trades and take full profits at the end. but i didnt get the basic idea and method behind it. if anyone has experience in this thing, can he please teach me.

no need to add any noise in this quality thread, just PM me.

GTA
  • #2,697
  • Aug 16, 2010 12:09pm Aug 16, 2010 12:09pm
First of all, i am not a very experienced trader.
I get my info from this forum, from youtube movies and from trial and error.

But you can judge for yourself what to do with what i am saying.
If you can't accept truth, you can't trade.

Anyways i think the truth is this.
Go trough timeframes and back and make technical targets in each timeframe and combine them into a strategy.

For example:
My target on the daily EU is 1.19-ish.
My target on the 30m is 1.3060. It likely won't make this target but that aside.
If this 30m target would have been reached it would be the right shoulder of a H&S pattern on the 4H timeframe.
So i could add a short below the neckline of the H&S on the retest.
Then i see other trendlines where i can also put breakout trades below.
And so by the time EU gets to 1.19 i have a lots more shorts then i started out with on 1.3060.



Quoting gta5555
Hi everyone,

in the beginning of my trading experience i have learnt in a hard way, that never add to the losing bid.
and then i learnt that most traders take partial or full profits at different levels like trendlines or S/R or technical targets.
but i learned few days ago that most professional trader always add to their winning trades and take full profits at the end. but i didnt get the basic idea and method behind it. if anyone has experience in this thing, can he please teach me.

no need to add any noise in this quality thread, just PM...
  • #2,698
  • Aug 16, 2010 2:36pm Aug 16, 2010 2:36pm
Pulled the plug my gbpcad short for -10 pips last night. Whew.
  • #2,699
  • Aug 16, 2010 3:28pm Aug 16, 2010 3:28pm
TLC,

Got any thoughts an that audcad wedge? We're retesting the LTL as I write, but I find it hard to short into an bullish outside bar.
  • #2,700
  • Aug 16, 2010 5:13pm Aug 16, 2010 5:13pm
Quoting Low
TLC,

Got any thoughts an that audcad wedge? We're retesting the LTL as I write, but I find it hard to short into an bullish outside bar.
I'm holding a flat position until it gets out of this range: #2390

Notice that it is above green TL but below 61% Fib.

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