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Backing Trades Thru Charts

  • #2,721
  • Aug 17, 2010 3:07am Aug 17, 2010 3:07am
Quoting david4u
Hi Buai
I am not TLC , but as I get every day all his templates...
the bump is expected at 0.9068

Thanks very much...
  • #2,722
  • Edited 4:13am Aug 17, 2010 3:24am | Edited 4:13am
If the triangle gets hit i short the hell out of EU.
With a SL above the triangle of course

Edit: I think i made a small mistake. see pic 2. i closed long and will re-enter on test of red LTL to the 23.6 fib level.

Edit: Triangle is back! lol.
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  • #2,723
  • Aug 17, 2010 4:52am Aug 17, 2010 4:52am
15 min aud/cad rising wedge ........
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  • #2,724
  • Aug 17, 2010 6:22am Aug 17, 2010 6:22am
GJ has formed a falling wedge in H1 timeframe.

Also it is near LTL as shown in the H4 graph of TLC.
good probabiltiy of GJ going north.

GTA


Quoting TheLastCoke
GBP/JPY Flat

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  • #2,725
  • Aug 17, 2010 6:48am Aug 17, 2010 6:48am
GU formed a HEAD & SHOULDERS pattern but couldnt break the Neckline(RED LINE).
Will buy at the LTL (BLUE LINE) of the channel with small stop loss.
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  • #2,726
  • Edited 7:40am Aug 17, 2010 7:12am | Edited 7:40am
Quoting gta5555
GU formed a HEAD & SHOULDERS pattern but couldnt break the Neckline(RED LINE).
Will buy at the LTL (BLUE LINE) of the channel with small stop loss.
Please someone correct me if i am wrong.
But you can't just draw lines the way you like them, you have got to respect the candlesticks ends that define the trend.
The event has past already.

Edit: Its stuck below the white line and the trendlines.
If it breaks above the white line and retests you could go long.
I wouldn't take the trade though since i like to study all timeframes and i have only done that for EU.

Edit: Looks like there is some room on the downside, sorry bout that.
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  • #2,727
  • Aug 17, 2010 8:04am Aug 17, 2010 8:04am
Quoting longshot_nl
Please someone correct me if i am wrong.
But you can't just draw lines the way you like them, you have got to respect the candlesticks ends that define the trend.
The event has past already.

Edit: Its stuck below the white line and the trendlines.
If it breaks above the white line and retests you could go long.
I wouldn't take the trade though since i like to study all timeframes and i have only done that for EU.

Edit: Looks like there is some room on the downside, sorry bout that.
Thanks for sharing. you gave us 2 channels. but I think the down trend is not obvious.
Just for discussing only. Do not have any intend to offend.
Dancing with Candlesticks
  • #2,728
  • Aug 17, 2010 8:27am Aug 17, 2010 8:27am
Quoting iForex
Thanks for sharing. you gave us 2 channels. but I think the down trend is not obvious.
Just for discussing only. Do not have any intend to offend.
I am not that easily offended
The points where two trendlines intersect can be good turning points where you can place a tight stop.
So if it would hit you could go long with a tight stop which makes it interesting.
  • #2,729
  • Aug 17, 2010 8:44am Aug 17, 2010 8:44am
hi Longshot,

i am very new to this chartist thing (only 1-2 months old). so thanks for correcting me if i was wrong. i m just trying to learn the game, thats why i post charts for someone to correct me.

hope to learn more frm u people.

trade well
GTA


Quoting longshot_nl
Please someone correct me if i am wrong.
But you can't just draw lines the way you like them, you have got to respect the candlesticks ends that define the trend.
The event has past already.

Edit: Its stuck below the white line and the trendlines.
If it breaks above the white line and retests you could go long.
I wouldn't take the trade though since i like to study all timeframes and i have only done that for EU.

Edit: Looks like there is some room on the downside, sorry bout that.
  • #2,730
  • Edited 9:28am Aug 17, 2010 9:09am | Edited 9:28am
Quoting gta5555
hi Longshot,

i am very new to this chartist thing (only 1-2 months old). so thanks for correcting me if i was wrong. i m just trying to learn the game, thats why i post charts for someone to correct me.

hope to learn more frm u people.

trade well
GTA
no problem.
Zoom out to have a more accurate view and be able to draw lines more accurately..
So not a higher timeframe but smaller candlesticks.

Edit: It broke trendlines.. next big resistance is red horizontal line.

Edit: Right about at one of these points with a stop a few pips below the line..
And opposite: if it breaks and retests you can go short.
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  • #2,731
  • Aug 17, 2010 10:03am Aug 17, 2010 10:03am
GBP/CAD Wait for retest to join. (Might take several sessions)

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  • #2,732
  • Aug 17, 2010 10:07am Aug 17, 2010 10:07am
GBP/AUD Waiting for retest

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  • #2,733
  • Aug 17, 2010 10:55am Aug 17, 2010 10:55am
Quoting TheLastCoke
EUR/CHF

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TLC, what do you think of EUR/CHF right now? I went short at the retest of this TL:
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  • #2,734
  • Aug 17, 2010 11:02am Aug 17, 2010 11:02am
Quoting TheLastCoke
AUD/USD Approaching Bump

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AUD/USD Right at Bump. Nice place to lock some profit.

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  • #2,735
  • Aug 17, 2010 11:09am Aug 17, 2010 11:09am
Quoting Phonetic
TLC, what do you think of EUR/CHF right now? I went short at the retest of this TL:
EUR/CHF Not the best channel to have it as a reference but it is indeed a good RRR trade. Use tight SL

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  • #2,736
  • Aug 17, 2010 11:14am Aug 17, 2010 11:14am
Quoting TheLastCoke
EUR/CHF Not the best channel to have it as a reference but it is indeed a good RRR trade. Use tight SL

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Nice, I took it because of the RR on it. I've got a 20 pip SL. Thanks for your advice
  • #2,737
  • Aug 17, 2010 11:55am Aug 17, 2010 11:55am
Hey people what does your desktop look like?
This here is mine.
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  • #2,738
  • Aug 17, 2010 11:59am Aug 17, 2010 11:59am
Quoting TheLastCoke
GBP/CAD Wait for retest to join. (Might take several sessions)
  • #2,739
  • Aug 17, 2010 12:05pm Aug 17, 2010 12:05pm
Quoting longshot_nl
Hey people what does your desktop look like?
This here is mine.
...and here's mine :

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  • #2,740
  • Aug 17, 2010 12:08pm Aug 17, 2010 12:08pm
Quoting TheLastCoke
LOL, I know the feeling!!!
My friends who take shorter trades have ops galore, while I have about 3 things on my radar----August sucks.
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