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Backing Trades Thru Charts

  • #2,761
  • Aug 18, 2010 11:41am Aug 18, 2010 11:41am
Quoting longshot_nl
Get a ECN, not a dealing desk.
They always take opposite position as you and manipulate the price to make you loose.
i am at MB trading. you can get into this ECN for just 400 deposit.
I thought it was like 10k to get into MBT. What is the ongoing monthly fee/costs? thanks.
  • #2,762
  • Aug 18, 2010 12:00pm Aug 18, 2010 12:00pm
Quoting TheLastCoke
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.

Attachment
AUD/CAD Testing support once again

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  • #2,763
  • Aug 18, 2010 12:02pm Aug 18, 2010 12:02pm
Quoting longshot_nl
My Innitial prediction and the mid point.
Needles to say i am long..
Will send another message when completed.

Edit fight going on, makes me nervous i am out.
There's usually a fight going on (minor or major) in the market all the time...

That's what makes you close trades? Because you feel nervous?
  • #2,764
  • Aug 18, 2010 12:09pm Aug 18, 2010 12:09pm
Quoting TheLastCoke
GBP/AUD Approaching retest zone

Attachment
GBP/AUD Crossed previous support zone and it is now testing TL

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  • #2,765
  • Aug 18, 2010 12:13pm Aug 18, 2010 12:13pm
[quote=Buai;3956043]Can I ask a favor please guys?

My broker insists this spike happened, but another demo I run disagrees.

Can any of you confirm either way please?

IG - Didn't happen here.....
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I've got my pips - go get yours!
  • #2,766
  • Aug 18, 2010 12:18pm Aug 18, 2010 12:18pm
Buai,

No spike on FXpro or Oanda.
  • #2,767
  • Aug 18, 2010 12:21pm Aug 18, 2010 12:21pm
Quoting TheLastCoke
GBP/AUD Crossed previous support zone and it is now testing TL

Attachment
GBA/AUD Old channel LTL could be its final target

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  • #2,768
  • Aug 18, 2010 1:16pm Aug 18, 2010 1:16pm
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
hello

Good day to you coke,

whats your views on this EU flag

Regards
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  • #2,769
  • Aug 18, 2010 2:45pm Aug 18, 2010 2:45pm
This pair is crazy!!! No respect to TLs or Fibos.
Where would you place your SL in a pair like this?

Quoting TheLastCoke
GBA/AUD Old channel LTL could be its final target

Attachment
  • #2,770
  • Edited 3:09pm Aug 18, 2010 2:58pm | Edited 3:09pm
Quoting Jenks_fx
I thought it was like 10k to get into MBT. What is the ongoing monthly fee/costs? thanks.
I am just there a month or so.
But i didn't get any other costs.
They have a 1 pip spread or so and some commisions that are very low.
You can go to their site and ask questions in 24/7 chat.
  • #2,771
  • Aug 18, 2010 3:04pm Aug 18, 2010 3:04pm
Quoting Ace284
There's usually a fight going on (minor or major) in the market all the time...

That's what makes you close trades? Because you feel nervous?
Well i was in with my full account of 480 eur because i was able to predict that point so accurately.
I expected a nice bounce and i got a violent up and down movement.
I didn't get what i expected to i got out.
There will be other chances.
  • #2,772
  • Aug 18, 2010 4:12pm Aug 18, 2010 4:12pm
Round bottom forming.
Should retest 61.8 but will it hold with round bottom.?
Also tries to break out down small chanel to stop round bottom.
Attached Image (click to enlarge)
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  • #2,773
  • Aug 18, 2010 6:00pm Aug 18, 2010 6:00pm
Quoting Ghadeer
This pair is crazy!!! No respect to TLs or Fibos.
Where would you place your SL in a pair like this?
GBP/AUD You can use UTL as reference.

Attached Image (click to enlarge)
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  • #2,774
  • Aug 18, 2010 6:02pm Aug 18, 2010 6:02pm
Quoting longshot_nl
Round bottom forming.
Should retest 61.8 but will it hold with round bottom.?
Also tries to break out down small chanel to stop round bottom.
Longshot, the Round Bottom Pattern is a reversal formation and must be at the bottom of a trend.
  • #2,775
  • Aug 18, 2010 7:26pm Aug 18, 2010 7:26pm
Quoting TheLastCoke
Longshot, the Round Bottom Pattern is a reversal formation and must be at the bottom of a trend.
Ok thank you, i will never forget.
Your the greatest.!
  • #2,776
  • Aug 18, 2010 7:30pm Aug 18, 2010 7:30pm
Quoting stevefx
We'll see how this one goes.
AJ is on slow boat to china, out of this one +40. Short euro-up about 70 pips right now, cashed some, gambling the rest on cracking the TL.
  • #2,777
  • Aug 18, 2010 7:42pm Aug 18, 2010 7:42pm
I didn't even notice this before.
But look how the H&S is leening to the right.
I wonder if it is possible to see at the head how high the right shoulder likely will be..
At the top of the right shoulder there is a 161.8 fib level in confluince with a trendline.
I totally missed this, but it confirms the target confluince area at 261.8 level.

Edit: I changed pic.
At small circle i take a small long trade to neckline.
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  • #2,778
  • Aug 18, 2010 9:37pm Aug 18, 2010 9:37pm
I may take this trade..
Buy @ C -> Sell @ arrow.
Rebuy @ 100% fib -> sell @ 161.8 fib.
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  • #2,779
  • Aug 18, 2010 10:45pm Aug 18, 2010 10:45pm
Gbp/usd

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  • #2,780
  • Aug 18, 2010 10:55pm Aug 18, 2010 10:55pm
GBP/JPY I'm flat but this could play along

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