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Backing Trades Thru Charts

  • #3,001
  • Aug 27, 2010 2:43am Aug 27, 2010 2:43am
Hi stevefx, i have almost same view on GCHF. but instead of two trend lines, its going inside descending channel in H4 tf. and in Weekly timeframe its forming a descending triangle.
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  • #3,002
  • Aug 27, 2010 3:00am Aug 27, 2010 3:00am
Quoting gta5555
Hi stevefx, i have almost same view on GCHF. but instead of two trend lines, its going inside descending channel in H4 tf. and in Weekly timeframe its forming a descending triangle.
Do you have any idea about entry location? I was thinking of just punting from the bottom for the RR.
  • #3,003
  • Aug 27, 2010 3:16am Aug 27, 2010 3:16am
there are 3 scenarios.
1. i will enter at base of triangle with a small lot, since it is a huge support.
2. if first option doesnt work i will enter again at LTL of channel.
3. if it doesnt reach the base of triangle i will look for break and retest of UTL of channel.



Quoting stevefx
Do you have any idea about entry location? I was thinking of just punting from the bottom for the RR.
  • #3,004
  • Aug 27, 2010 9:48am Aug 27, 2010 9:48am
Quoting stevefx
Do you have any idea about entry location? I was thinking of just punting from the bottom for the RR.
GBP/CHF I still see this as a very strong support, last time #2958 it gave us a nice 220 pips bounce, if it gets to red level this time it might break it.
  • #3,005
  • Aug 27, 2010 10:07am Aug 27, 2010 10:07am
Many Pairs at TL's (flat)

GBP/JPY

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  • #3,006
  • Edited 11:38am Aug 27, 2010 10:09am | Edited 11:38am
AUD/CHF Seems to be breaking it (flat)

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  • #3,007
  • Aug 27, 2010 10:11am Aug 27, 2010 10:11am
EUR/GBP Breaking up (flat)

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  • #3,008
  • Aug 27, 2010 10:13am Aug 27, 2010 10:13am
EUR/JPY Approaching

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  • #3,009
  • Aug 27, 2010 10:19am Aug 27, 2010 10:19am
GBP/AUD

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  • #3,010
  • Aug 27, 2010 10:46am Aug 27, 2010 10:46am
Quoting Petar_Serbia
Hmm LastCoke i think that is good retrace but also you must look diferent view >

I think EURUSD will bokre Uper trendline...



Loook >



Petar
As i said next week i expext bulls to continue work from this week



Cheers



Petar
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"Buy on fear, sell on greed !!!
  • #3,011
  • Aug 27, 2010 10:56am Aug 27, 2010 10:56am
EURJPY ma favorite plan goes as i planed


Good formation+key level = HIgh probality trade




Cheers




Petar
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"Buy on fear, sell on greed !!!
  • #3,012
  • Aug 27, 2010 11:02am Aug 27, 2010 11:02am
AUD/JPY Step by Step

1. #2828
2. #2942
3. #2955
4. #2985

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  • #3,013
  • Aug 27, 2010 11:14am Aug 27, 2010 11:14am
Quoting Petar_Serbia
As i said next week i expext bulls to continue work from this week
Cheers
Petar
It all depends on your view Peter, one can call a ''Bull move'' to a 50 pips rise while other can call a ''Bull move'' to a 500 pips rise. Just to keep this in mind, It has not even retest the H4 TL. Point is, it can easily go up another 100 pips and still be in a ''Bearish Scenario''. For example #2995 (add me to Skype)

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  • #3,014
  • Aug 27, 2010 11:18am Aug 27, 2010 11:18am
Quoting TheLastCoke
It all depends on your view Peter, one can call a ''Bull move'' to a 50 pips rise while other can call a ''Bull move'' to a 500 pips rise. Just to keep this in mind, It has not even retest the H4 TL. Point is, it can easily go up another 100 pips and still be in a ''Bearish Scenario''. For example #2995 (add me to Skype)

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Yep that can be,but i always trade what i see now...And always put SL at be and let the market decide

If i see posibility for short next week i will sell but if i dont see i will be bulish...
"Buy on fear, sell on greed !!!
  • #3,015
  • Aug 27, 2010 11:22am Aug 27, 2010 11:22am
Look this cute setup based on 5 MIN belive it or not...
200 pips from 30 pips Sl ...As i said i trade just High probality setups based on my formation + strong points fibs or trendlines >

Look pciture >

Petar
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"Buy on fear, sell on greed !!!
  • #3,016
  • Aug 27, 2010 11:24am Aug 27, 2010 11:24am
Quoting Petar_Serbia
Look this cute setup based on 5 MIN belive it or not...
200 pips from 30 pips Sl ...As i said i trade just High probality setups based on my formation + strong points fibs or trendlines >

Look pciture >

Petar
Very nice Peter but it will be even nicer if you share your setups before they happend so we all can benefit from it. Congrats. (PM me I don't want to cloud the thread)
  • #3,017
  • Aug 27, 2010 11:35am Aug 27, 2010 11:35am
Quoting TheLastCoke
It all depends on your view Peter, one can call a ''Bull move'' to a 50 pips rise while other can call a ''Bull move'' to a 500 pips rise. Just to keep this in mind, It has not even retest the H4 TL. Point is, it can easily go up another 100 pips and still be in a ''Bearish Scenario''. For example #2995 (add me to Skype)
Yes, watch the patterning also.
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  • #3,018
  • Aug 27, 2010 11:40am Aug 27, 2010 11:40am
Quoting TheLastCoke
EUR/CHF Bullish AB=CD where CD= 100% AB

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EUR/CHF It is at +- 1/3 of T1, moving the SL to BE

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  • #3,019
  • Aug 27, 2010 11:51am Aug 27, 2010 11:51am
There are soooo many nice setups on daily right now

Alot of the CHF and CAD crosses, me likey
Dr. C
  • #3,020
  • Aug 27, 2010 11:56am Aug 27, 2010 11:56am
Quoting cvcamper
There are soooo many nice setups on daily right now

Alot of the CHF and CAD crosses, me likey
USD/JPY. Yes and add this to the basket.

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