Backing Trades Thru Charts | Page 146 | Forex Factory

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Backing Trades Thru Charts

  • #2,901
  • Aug 23, 2010 7:17am Aug 23, 2010 7:17am
Quoting profxtrader
I'm doing my weekend analysis and this stood out as the best pattern to trade. It's an ascending and inverted scallop. Bulkowski ranks is the third best performing pattern (3 out of 23). Naturally with the curved trendline following the scallop top, entry is a bit subjective, but 225 pips are on the table at the current price.

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Obviously invalidated due to the > 100 pip gap at the open. I think the 4 hour range is now back in play.
Every time you use 'hopium' in a post, God kills a kitten.
  • #2,902
  • Aug 23, 2010 7:52am Aug 23, 2010 7:52am
EUR/NZD Waiting for retest

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  • #2,903
  • Aug 23, 2010 8:20am Aug 23, 2010 8:20am
EUR/AUD at the LTL of H4 channel.
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  • #2,904
  • Aug 23, 2010 8:55am Aug 23, 2010 8:55am
Time to short?
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  • #2,905
  • Aug 23, 2010 9:13am Aug 23, 2010 9:13am
Quoting TheLastCoke
AUD/CHF Did not reveresed it but green TL might be a possible target. Fib + Support

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AUD/CHF Approaching target.

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  • #2,906
  • Aug 23, 2010 9:26am Aug 23, 2010 9:26am
Quoting TheLastCoke
EUR/CHF Bullish AB=CD

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EUR/CHF Half way to T1, moving the SL to BE recommended #2892

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  • #2,907
  • Aug 23, 2010 9:50am Aug 23, 2010 9:50am
USD/CHF Bump ahead, You can either move the SL to +50 or take those 110 pips. #2827 #2841

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  • #2,908
  • Aug 23, 2010 10:12am Aug 23, 2010 10:12am
http://www.forexfactory.com/showpost...&postcount=358

Chart four update. First set of supports being breached... wonder if we will drop through this week... if not, today.

From introductory post: http://www.forexfactory.com/showpost...postcount=2878
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #2,909
  • Aug 23, 2010 10:16am Aug 23, 2010 10:16am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day to you.. adding one more flag on 30 minutes

Good day to all,

its seems eu flag broken and retested thrice and playing well for now.

Good luck
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  • #2,910
  • Aug 23, 2010 10:25am Aug 23, 2010 10:25am
Dear me, took my eye off this one. Beautiful Guppy profile down on the 4hr, with three lovely upthrusts into the red MAs that would have allowed for the load of a short underneath in order to capture the trend.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #2,911
  • Aug 23, 2010 10:59am Aug 23, 2010 10:59am
EUR/USD Rejected at old support now resistance but H4 white TL retest is included in my bearish plan.

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  • #2,912
  • Aug 23, 2010 11:11am Aug 23, 2010 11:11am
Quoting TheLastCoke
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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CHF/JPY Update: Nice rejection

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  • #2,913
  • Aug 23, 2010 12:34pm Aug 23, 2010 12:34pm
http://i36.tinypic.com/10qjx3s.png

http://i35.tinypic.com/zxmbnp.png
  • #2,914
  • Aug 23, 2010 12:36pm Aug 23, 2010 12:36pm
Closed my gbp-nzd long today. +650 pips.

Nice number, but the position size was so small I will be looking for a better entry later. I'm not willing to keep paying that swap as it runs against me for what amounts to a pretty small payout.
  • #2,915
  • Aug 23, 2010 1:33pm Aug 23, 2010 1:33pm
aud/chf shorts are looking good near the 61 fib and the UTL which comes in @ 9331 during liquidity hours(1am 4h bar)......read this article about the chf, it's very important for anyone who is trading swiss francs.

http://www.investingcontrarian.com/f...swiss-economy/
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  • #2,916
  • Aug 23, 2010 1:38pm Aug 23, 2010 1:38pm
I'm looking to add more au shorts to my position near the daily trend line from 7/05 and the intersection of the current UTL of the current channel. Entry comes in just below 9000....
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  • #2,917
  • Aug 23, 2010 1:42pm Aug 23, 2010 1:42pm
eur/gbp......This is a well established channel where these TL's are providing very accurate entries....I prefer trading with the trend, selling near UTL. Trade this pair with caution and tight stops, it's not an easy pair to trade......
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  • #2,918
  • Aug 23, 2010 1:47pm Aug 23, 2010 1:47pm
gbp/usd........Its pretty obvious all rallies are getting sold heavily in this pair, and fundamentals are not looking up for the pound. I will sell BELOW 5667, be careful on this one there have been a lot of fakeouts.
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  • #2,919
  • Aug 23, 2010 2:16pm Aug 23, 2010 2:16pm
Quoting mfoste1
gbp/usd........Its pretty obvious all rallies are getting sold heavily in this pair, and fundamentals are not looking up for the pound. I will sell BELOW 5667, be careful on this one there have been a lot of fakeouts.

I agree...but I may get in on a short earlier then 5667 perhaps 5619 the high on the 15 min chart just in case it doesnt get to a high of 5667 where are you putting you SL. 5700 Looks good to me.
Former Trader Of the Year of the 95% losing club! Retired
  • #2,920
  • Aug 23, 2010 2:56pm Aug 23, 2010 2:56pm
Quoting Rgali1
I agree...but I may get in on a short earlier then 5667 perhaps 5619 the high on the 15 min chart just in case it doesnt get to a high of 5667 where are you putting you SL. 5700 Looks good to me.

Ill put a stop just above 57 considering if i place entry order above 56.....pretty good RR on this trade.

SP was sold on high volume last 15 min......might not see higher entries get hit.
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