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  • #61
  • Oct 22, 2010 4:15am Oct 22, 2010 4:15am
thanks Pip26
  • #62
  • Oct 22, 2010 11:07am Oct 22, 2010 11:07am
Closing all my trades, so far good week.

Happy Weekend All
  • #63
  • Oct 24, 2010 6:40am Oct 24, 2010 6:40am
Quoting Pip26
Hello traders,

I was just checking my charts and noticed this thing... usd index is in triangle pattren on higher time frames. when on 08/06/2010 price hit the upper trend line and shown the reversal Gbp/Usd started going up. I marked the whole move to lower trendline which is about 1200 pips on usd index when it touched the lower trendline on 15/10/2010 and during that period Gbp/Usd moved almost 1800 pips. on 15/10/2010 usd index shown some bounce of LTL and maybe now it is going to retest it again. If we get again bounce of LTL and usd index...
Hi Pip, look at the GU chart I attached. The weekly is showing a bearish engulf. It engulf last four weeks cansle. Below the 200 MA and SOC cross and turning down. It is also a double top from what I see it.I am looking for short... how will u play it br?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 13 KB
Click to Enlarge Name: gu1.gif Size: 16 KB
  • #64
  • Edited 10:46pm Oct 24, 2010 10:27pm | Edited 10:46pm
Hello freedomsg,

Here are my setups i m looking for.

Eur/Chf Daily 78.6 fib level confluence with Resistence area. I will be looking for short entry.
Gbp/Usd H4 50.0-61.8 fib area and Resistence at 1.5750. only giving less strength to this setup is double bottom. But pair is in down trend for now. On daily chart it broke below the rising trend line and now retesting it, if it keeps moving down i will look to close my shorts at 1.5500 support.
Usd/Cad H4 after making up move it is now moving in triangle formation I will look for its breakout.
Usd/Chf H4 It has formed a rising wedge in downtrend. Price broke above it but couldnt hold it and came back inside the wedge. This time lets see which side it will break.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ech4.gif Size: 12 KB
Click to Enlarge Name: guh4.gif Size: 15 KB
Click to Enlarge Name: ucdh4.gif Size: 15 KB
Click to Enlarge Name: uch4.gif Size: 11 KB
Click to Enlarge Name: gud1.gif Size: 15 KB
  • #65
  • Oct 24, 2010 10:39pm Oct 24, 2010 10:39pm
Hi Br, so u think we should long GU?
  • #66
  • Oct 24, 2010 10:56pm Oct 24, 2010 10:56pm
Quoting freedomsg
Hi Br, so u think we should long GU?
No men.... i m shorting it, 1.5500 will be my target.
  • #67
  • Oct 25, 2010 3:58am Oct 25, 2010 3:58am
Both pairs are still respecting trendline and fibs.... i m still short, will wait for my SL or TP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ejh4.gif Size: 16 KB
Click to Enlarge Name: ajh4.gif Size: 15 KB
  • #68
  • Oct 25, 2010 5:15am Oct 25, 2010 5:15am
Hi pip, I also short gu with respectvto the weekly tf. Cheers
  • #69
  • Oct 25, 2010 6:00am Oct 25, 2010 6:00am
Quoting freedomsg
Hi pip, I also short gu with respectvto the weekly tf. Cheers
Good Luck bro... just keep booking ur profits..
  • #70
  • Oct 25, 2010 10:08pm Oct 25, 2010 10:08pm
I have only this setup for today... also with yesterday's setups...
Attached Image (click to enlarge)
Click to Enlarge Name: egh4.gif Size: 13 KB
  • #71
  • Oct 25, 2010 10:36pm Oct 25, 2010 10:36pm
Hi Pip, so we are looking at the 50% Fib line right? Will you trigger long once it hit ot wait for the candleto close?
  • #72
  • Oct 25, 2010 11:35pm Oct 25, 2010 11:35pm
Quoting freedomsg
Hi Pip, so we are looking at the 50% Fib line right? Will you trigger long once it hit ot wait for the candleto close?
Hello bro,

I will look for some bullish price action on H1
  • #73
  • Oct 26, 2010 2:14am Oct 26, 2010 2:14am
Quoting Pip26
I have only this setup for today... also with yesterday's setups...
Setup is invalidate now.
H4 candle closed below trend line.
  • #74
  • Oct 26, 2010 2:29am Oct 26, 2010 2:29am
Again 50.0 level in play..
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 15 KB
  • #75
  • Oct 26, 2010 4:07am Oct 26, 2010 4:07am
Gbp/Jpy H1: Testing top of down channel with fib 61.8 and resistence.
Attached Image (click to enlarge)
Click to Enlarge Name: gjh1.gif Size: 17 KB
  • #76
  • Oct 26, 2010 4:10am Oct 26, 2010 4:10am
Quoting Pip26
Setup is invalidate now.
H4 candle closed below trend line.
EurGbp H4: Price broke below the lower trend line of upside channel. Now it needs to retest the trendline from below for our setup.
Attached Image (click to enlarge)
Click to Enlarge Name: egh4.gif Size: 11 KB
  • #77
  • Oct 26, 2010 5:15am Oct 26, 2010 5:15am
EurUsd H4 is moving nicely in down channel after rejecting at 78.6 fib.. lets see will it go to test the point D as a bottom..
Attached Image (click to enlarge)
Click to Enlarge Name: euh4.gif Size: 14 KB
  • #78
  • Oct 26, 2010 5:21am Oct 26, 2010 5:21am
Another scenario for Eur/usd, price is breaking below of triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: euh4tri.gif Size: 17 KB
  • #79
  • Oct 26, 2010 7:04pm Oct 26, 2010 7:04pm
Quoting Pip26
Another scenario for Eur/usd, price is breaking below of triangle.
Hi Pip, good charting analyze... keep posting br.
  • #80
  • Oct 27, 2010 1:33am Oct 27, 2010 1:33am
To anyone that can help me to understand - often i heard of using 200 MA. So the 200 MA use with respect to which TF? Daily, 4 hr, 1 hr, 15mins....?? If it is for daily.. am i right to say that i should use 200/6 candles = 34 MA for 4 hrs TF? Thanks in advance if you can enlighten me.
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