Backing Trades Thru Charts | Page 159 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to determine thru code which chart window has focus 0 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Forex Daily Charts Scanning “price action in and between charts” 2 replies

Which charts to believe?? the best charts' source ? 19 replies

Attachments: Backing Trades Thru Charts
Exit Attachments

Backing Trades Thru Charts

  • #3,161
  • Sep 7, 2010 5:50pm Sep 7, 2010 5:50pm
EUR/CHF I'll update for T1 as PA develops

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 14 KB
  • #3,162
  • Sep 7, 2010 5:59pm Sep 7, 2010 5:59pm
Quoting TheLastCoke
CAD/JPY SL to BE, Currently +100

Attachment
CAD/JPY I recommend either take full profits at 61% fib (Big bump as shown) or move the SL above 38% fib.

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 17 KB
  • #3,163
  • Sep 7, 2010 7:38pm Sep 7, 2010 7:38pm
Quoting TheLastCoke
EUR/CHF I'll update for T1 as PA develops

Attachment
I have a 161.8 extension from high in 7/2007 to low in Oct 2008 at 1.2700 Area which would be another confluence at your AB=CD pattern on lower time frame.
Dr. C
  • #3,164
  • Sep 8, 2010 2:57am Sep 8, 2010 2:57am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: wedge.jpg Size: 77 KB
  • #3,165
  • Sep 8, 2010 6:58am Sep 8, 2010 6:58am
Quoting samirb
GBP/USD Rejected at 38% fib and channel LTL, it is now ''trapped'' between TL's

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 19 KB
  • #3,166
  • Sep 8, 2010 7:32am Sep 8, 2010 7:32am
Quoting TheLastCoke
GBP/USD Rejected at 38% fib and channel LTL, it is now ''trapped'' between TL's

Attachment
EUR/USD was in similar circumstances but I didn't performed the same, while GPB/USD was nicely rejected at LTL (+160 pips), EUR/USD wasn't (only +60 pips)

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 18 KB
  • #3,167
  • Sep 8, 2010 7:45am Sep 8, 2010 7:45am
Quoting TheLastCoke
EUR/AUD Breaking channel, Support might be next.

Attachment
EUR/AUD Broke support. Stopped out -30

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 16 KB
  • #3,168
  • Sep 8, 2010 7:45am Sep 8, 2010 7:45am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting TheLastCoke
GBP/USD Rejected at 38% fib and channel LTL, it is now ''trapped'' between TL's

Attachment
Good day coke,
so you mean its bull trap and you are bearish on cable..
i m bullish on cable for midterm..

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: h6.jpg Size: 107 KB
  • #3,169
  • Sep 8, 2010 7:51am Sep 8, 2010 7:51am
Quoting samirb
Good day coke,
so you mean its bull trap and you are bearish on cable..
i m bullish on cable for midterm..

Good luck
Sorry Samirb but I never said it is a bull trap or I'm bearish cable (''trapped between TL's''). I just presented a current scanario and a chart sent to my clients. I'm flat now. (PM for any question)

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd d.gif Size: 18 KB
  • #3,170
  • Sep 8, 2010 8:04am Sep 8, 2010 8:04am
EUR-USD touching channel. Let's see if it holds.
Attached Image (click to enlarge)
Click to Enlarge Name: uur-usd.gif Size: 28 KB
  • #3,171
  • Sep 8, 2010 8:31am Sep 8, 2010 8:31am
Thanks TLC for that setup, I took +142 out of it!!!

Quoting TheLastCoke
I just presented a current scanario and a chart sent to my clients.
  • #3,172
  • Sep 8, 2010 8:32am Sep 8, 2010 8:32am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting TheLastCoke
Sorry Samirb but I never said it is a bull trap or I'm bearish cable (''trapped between TL's''). I just presented a current scanario and a chart sent to my clients. I'm flat now. (PM for any question)

Attachment
sorry for my misunderstanding sir,

Glad to see we both having similar view.. but once your TP1 gives the way.. then we will fly (my view)..

Regards
  • #3,173
  • Sep 8, 2010 8:35am Sep 8, 2010 8:35am
Quoting Forexaccount
EUR-USD touching channel. Let's see if it holds.

EU is forming an ascending broadening wedge, which can break to downside. but pattern is not confirmed yet. E point is still to form.
  • #3,174
  • Sep 8, 2010 8:37am Sep 8, 2010 8:37am
NZD/JPY Complex Inverted H&S in the making.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.gif Size: 21 KB
  • #3,175
  • Sep 8, 2010 9:05am Sep 8, 2010 9:05am
A/U. Break of UTL. We'll see if it holds.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.jpg Size: 215 KB
Click to Enlarge Name: au2.jpg Size: 88 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,176
  • Sep 8, 2010 10:30am Sep 8, 2010 10:30am
Quoting MarcVUM
A/U. Break of UTL. We'll see if it holds.
AUD/USD Fighting FE 127% too

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 18 KB
  • #3,177
  • Sep 8, 2010 10:49am Sep 8, 2010 10:49am
Quoting TheLastCoke
CAD/JPY I recommend either take full profits at 61% fib (Big bump as shown) or move the SL above 38% fib.

Attachment
CAD/JPY Flat, not selling at TL again.

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 17 KB
  • #3,178
  • Sep 8, 2010 11:21am Sep 8, 2010 11:21am
Hey TLC, couple of days late...but the Cad is showing strength everywhere, this was before the rate raise.

See this post:

http://www.forexfactory.com/showthre...84#post4000884

I'm trying not to give myself too much cad exposure right now, because so many cad pairs confirm. My personal choice was the cad/chf long, but you can see setups on the gbpcad, nzdcad, cadjpy, cadchf, and the audcad.

Like I said, I just pick one, because I don't like doubling up on my risk, but there's a lot of opportunity out there right now.
  • #3,179
  • Sep 8, 2010 12:42pm Sep 8, 2010 12:42pm
What do you think guys??
Attached Image (click to enlarge)
Click to Enlarge Name: eur-jpy.gif Size: 30 KB
  • #3,180
  • Sep 8, 2010 1:34pm Sep 8, 2010 1:34pm
Quoting MarcVUM
A/U. Break of UTL. We'll see if it holds.

I think the break was longs trying to take out 92.......gotta wait to see how the daily closes, then well know
5 traders viewing now