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Backing Trades Thru Charts

  • #2,781
  • Aug 18, 2010 11:06pm Aug 18, 2010 11:06pm
EURCAD ...............
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  • #2,782
  • Aug 18, 2010 11:22pm Aug 18, 2010 11:22pm
Quoting TheLastCoke
NZD/JPY

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Hello Coke trying to learn from my mistakes got stoped out on this trade any idea whats going on? Thnaks
Former Trader Of the Year of the 95% losing club! Retired
  • #2,783
  • Edited 11:47pm Aug 18, 2010 11:36pm | Edited 11:47pm
Quoting Rgali1
Hello Coke trying to learn from my mistakes got stoped out on this trade any idea whats going on? Thnaks
Long term Bearish. Sorry to hear that, assumming you entered by the white TL, you use a 20 pip SL in a H4 TF. I usually use 20 pips as an entry range in that TF. Take a look to these posts please #2407 #2710

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  • #2,784
  • Edited Aug 19, 2010 12:55am Aug 18, 2010 11:49pm | Edited Aug 19, 2010 12:55am
My view on nzdjpy and i will remind you there a thousand ways to read these things Month and Weekly supports big areas to bust imo and break above UTL 4HR may slow the drop a bit also other crosses look flat atm ...just my opnion..
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  • #2,785
  • Aug 19, 2010 12:07am Aug 19, 2010 12:07am
Quoting TheLastCoke
Long term Bearish. Sorry to hear that, assumming you entered by the white TL, you use a 20 pip SL in a H4 TF. I usually use 20 pips as an entry range in that TF. Take a look to these posts please #2407 #2710

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Thank you very much for that. I entered once it hit the TL again at 61.01 with a 25 pip SL which was hit at 61.26. Should I have entered at where you red arrow was which was at 61.15? Thanks
Former Trader Of the Year of the 95% losing club! Retired
  • #2,786
  • Aug 19, 2010 12:18am Aug 19, 2010 12:18am
Quoting trj6911
My view on nzdjpy and i will remind you there a thousand ways to read these things Month and Weekly supports big areas to bust imo and break above UTL 4HR may slow the drop a bit also other crosses look flat atm ...just my opnion..

Thanks...59.81 does seem significant to me also may serve as a bump before it goes back down if it does.
Former Trader Of the Year of the 95% losing club! Retired
  • #2,787
  • Aug 19, 2010 12:54am Aug 19, 2010 12:54am
Quoting TheLastCoke
Long term Bearish. Sorry to hear that, assumming you entered by the white TL, you use a 20 pip SL in a H4 TF. I usually use 20 pips as an entry range in that TF. Take a look to these posts please #2407 #2710

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Mine pennat looks a lot like yours.
I was gonna go long but changed my mind because of this.
Its a valid pennat right?
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  • #2,788
  • Aug 19, 2010 1:01am Aug 19, 2010 1:01am
CHF/JPY .........
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  • #2,789
  • Aug 19, 2010 5:10am Aug 19, 2010 5:10am
A diamond pattern has formed on UJ, H4 at the bottom. will buy on breakout.
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  • #2,790
  • Aug 19, 2010 6:10am Aug 19, 2010 6:10am
Hello TLC,

How do u see this pair right now? Are you in?
Thanks for your usual help.


Quoting TheLastCoke
GBP/AUD You can use UTL as reference.

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  • #2,791
  • Aug 19, 2010 8:40am Aug 19, 2010 8:40am
EUR/CAD

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  • #2,792
  • Aug 19, 2010 8:49am Aug 19, 2010 8:49am
Quoting Ghadeer
Hello TLC,

How do u see this pair right now? Are you in?
Thanks for your usual help.
Stoppe out - 60. It might want to try to retest UTL
  • #2,793
  • Aug 19, 2010 8:55am Aug 19, 2010 8:55am
Quoting TheLastCoke
AUD/CAD Testing support once again

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AUD/CAD Rejected at Support
  • #2,794
  • Aug 19, 2010 9:24am Aug 19, 2010 9:24am
AUD/JPY Bullish Confluence

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  • #2,795
  • Aug 19, 2010 9:40am Aug 19, 2010 9:40am
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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EUR/CHF Time to move the SL to +120

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  • #2,796
  • Aug 19, 2010 10:03am Aug 19, 2010 10:03am
CHF/JPY This ''malformed'' bullish pennant seems to be working. Broke resistance and 61% Fib.

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  • #2,797
  • Aug 19, 2010 10:33am Aug 19, 2010 10:33am
Quoting TheLastCoke
EUR/CAD

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Coke,

I have 1.3460-70 for a possible top on this upthrust. It is on the hourly. I think the combination of 1.29 on eurusd and 1.0420 on usdcad should do the trick.
  • #2,798
  • Aug 19, 2010 10:38am Aug 19, 2010 10:38am
Possible sell at 1.6310 for small amount or 1.6440 for big amount. On hourly
  • #2,799
  • Aug 19, 2010 10:51am Aug 19, 2010 10:51am
I took this trade cause some confluince.
am short.

Edit: ah forget it, took some pips but rather wait for it to hit the thicker line.
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  • #2,800
  • Aug 19, 2010 10:54am Aug 19, 2010 10:54am
Quoting longshot_nl
I took this trade cause some confluince.
am short.
Gutsy trade . MACD still rising along with slow stoch so I did not want to get in front of it yet.
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