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Backing Trades Thru Charts

  • #2,821
  • Aug 19, 2010 5:19pm Aug 19, 2010 5:19pm
Quoting Low
It's a little rough for me to call it a H&S.

And I actually went long this morning.

One of us will be right.
Got out of my bad long this morning with minimal gain but recovered my 100 pips potential loss. I am looking to go short around 1.0520. Looking to go long tonight at 1.0284-87 range. I run small stop less trade on news moving days and add to or subtract from my positions to adjust my trade after the news. the breakdown of UC was unexpected this morning but I got away with it.
  • #2,822
  • Aug 19, 2010 5:22pm Aug 19, 2010 5:22pm
Handy link:

http://thepatternsite.com/visualcpindex.html
  • #2,823
  • Aug 19, 2010 5:25pm Aug 19, 2010 5:25pm
Quoting Maxpowers
Got out of my bad long this morning with minimal gain but recovered my 100 pips potential loss. I am looking to go short around 1.0520. Looking to go long tonight at 1.0284-87 range.
I'm in it based off of a 4H rejection of the LTL of a broadening bottom. This pattern has equal chance of breaking either way, but I am temporarily biased long this pair. The "mouth" of the pattern is 317 pips, putting the target at 1.0936.
  • #2,824
  • Aug 19, 2010 5:30pm Aug 19, 2010 5:30pm
back into the channel or bearish flag ala uc this morning?
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  • #2,825
  • Aug 19, 2010 7:41pm Aug 19, 2010 7:41pm
I found this here round bottom.
May buy at bottom in confluince with red line..
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  • #2,826
  • Aug 19, 2010 7:50pm Aug 19, 2010 7:50pm
Quoting TheLastCoke
EUR/JPY

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EUR/JPY It is just amaizing how a ''simple'' fib works.

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  • #2,827
  • Aug 19, 2010 9:14pm Aug 19, 2010 9:14pm
Usd/chf

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  • #2,828
  • Aug 19, 2010 9:15pm Aug 19, 2010 9:15pm
AUD/JPY

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  • #2,829
  • Aug 19, 2010 9:44pm Aug 19, 2010 9:44pm
AUD/CHF
1. #2581
2. #2682
3. T1 Met
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  • #2,830
  • Aug 19, 2010 9:46pm Aug 19, 2010 9:46pm
Giving this one a shot. Profit target is more theoretical/tentative than anything else.
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  • #2,831
  • Aug 19, 2010 10:11pm Aug 19, 2010 10:11pm
Bag it and tag it Steve, I think you are right.
  • #2,832
  • Aug 19, 2010 10:28pm Aug 19, 2010 10:28pm
Quoting steroidman
Bag it and tag it Steve, I think you are right.
Thanks Sman, hope so
  • #2,833
  • Aug 19, 2010 10:48pm Aug 19, 2010 10:48pm
Quoting stevefx
Thanks Sman, hope so
hey bro agreed... looking at last bullish movement up yest though was due to bad figures from CAD, and the big figures come out later today/well tonight for me so they may well play a role... Im not normally fundie orientated.. but yesterdays climb came straight from that, esp when USD got smashed by CHF... something mustve driven USDCAD up...

just food for thought..
"Millionaires don't use astrology, billionaires do"
  • #2,834
  • Aug 20, 2010 12:16am Aug 20, 2010 12:16am
Hi TLC,
just wnt to ask u that although the NJ and AJ had a same kind of PA on daily timeframe, but u have drawn different trendlines for penant. in NJ the PA is intersecting the LTL of penant but not in AJ as marked by circles.

so i m confused if NJ penant is true then shouldnt the AJ penant be like this as shown in my chart.
regards
GTA
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  • #2,835
  • Aug 20, 2010 3:27am Aug 20, 2010 3:27am
Is this a perfect round bottom or what?
I bought right there at the bottom.
If it takes out my SL 17 pips lower i will never trade on friday again.
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  • #2,836
  • Aug 20, 2010 4:12am Aug 20, 2010 4:12am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
hello

Good day to you coke,

whats your views on this EU flag

Regards
Good day

expecting tp around 12350
Good luck to all
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  • #2,837
  • Aug 20, 2010 6:24am Aug 20, 2010 6:24am
descending broadening wedge formation in GU. will play the range.
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  • #2,838
  • Aug 20, 2010 7:08am Aug 20, 2010 7:08am
Quoting gta5555
Hi TLC,
just wnt to ask u that although the NJ and AJ had a same kind of PA on daily timeframe, but u have drawn different trendlines for penant. in NJ the PA is intersecting the LTL of penant but not in AJ as marked by circles.

so i m confused if NJ penant is true then shouldnt the AJ penant be like this as shown in my chart.
regards
GTA
Answer is very simple: NZD/JPY Is a completed and confirmed pennat. AUD/JPY is not (please read posts carefully). GTA I would gladly answer any questions if you PM or E-mail me thanks.
  • #2,839
  • Aug 20, 2010 7:12am Aug 20, 2010 7:12am
GBP/CAD is touching LT retest. Just entered
Dr. C
  • #2,840
  • Aug 20, 2010 7:40am Aug 20, 2010 7:40am
CHF/JPY Wide SL required, adjust pip value/lot size. RRR to validation line (600 pips)is 3:1 and technical target (1500)is aprox. 7.5:1

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