Backing Trades Thru Charts

Yep, I think it will take a couple days for a breakout/retest, but I am awaiting it

TLC,

Here are the divergences I'm seeing on EURCHF. Definitely lines up with an up move that you are expecting from the AB=CD pattern.

Here is AUDJPY 4H:

I have been trading for over 3 years and these past two weeks got the courage and the strength to hold on to my trading plan thanks to TLC and his charting service, I close half of aud/jpy trade today for +300 pips and I'm letting the other half run, I also took gbp/chf for 170 pips, both TLC's setups.
This is one of my biggest achievements ever in my trading career.

A/U

This is how I see things...plus a little H&S on S&P 500

GU seems like a pretty even playing field, except medium term downtrend is still in tact and all of this action is taking place below the 38.2 fibo, which I marked in yellow on the chart. GU will have to break above my red and yellow lines to make me change my outlook. Until then I approach this as I would any pullback within a larger trend, as a seller.

UCHF looks to be caught in a falling wedge. I see main underlying support at 1.0127. Perhaps E point will fall right around there, or a little higher. Some longer term views on the Daily chart.

Wish everyone a prosperous week ahead!

hey good spot marc

I think we have a possible uptrend to the neckline which comes in at 1.0480-1.0520 area. Time wise it probably gonna take about 3 weeks time with a lot of zigzagging. Not really interested in taking a long on this pair but will short it when the neckline is reached. Possibly will play the EC, GC pairs instead as these pairs should doubly power up since GU and EU should also be heading up the next couple of weeks. Long term target for UC is about .92xx areas.

Here are my thoughts on this pairs. If the DT at 1.5980-1.60 does not hold then I think we have the potential to power up to 1.64xx range.

Possible top of dt channel .7220-40 range.

USD/JPY Two options given.




Have a wonderful week!!!

I concurred. Break the 89.80-85.90 hourly descending trend line and your T1 is in sight.

Potential for this pair to reach the hourly descending trend line at 134.40-60 tonight or tomorrow morning.

Update: SL to BE, Approaching TL and getting out there. No drawdown, +50 currently.

Thanks for this setup, I'm getting out because this could be the white TL retest, nice way to start my week +52

NZD/JPY

GBP/CHF It might break red level this time

1. #2958
2. #3004

1/3 of T1 reached, moving SL to BE. +85 currently

I just got an E-mail asking me why my charts don't have my orders shown, well the answer is very simple, I use Mt4 as my charting software only.

??? bro which chart and which orders... I think you share a tremendous amount of info with people on here generally and I'm sure everyone will agree with me! the charts all have your thoughts etc on them, and even more so the subscription charts you send me have every detail on, down to the last minute detail.... moreover, and this is what makes your service so special, if I don't understand anything I just ask your thoughts on skype...

take nzd/jpy and usd/jpy for instance - I sold them earlier and I decided to add gbp/jpy into the mix and BOOOOOM - 300 pips profit almost with the combined 3 of them! Would've missed it too if I hadn't been chatting to you about strategies and MM at the time when the opportunity arrived - so thanks for your constant skype help and your amazing chart service too!



PS: hope you dont mind me adding the chart - set up clear and precise = BOOOM! amazing service!