Backing Trades Thru Charts

Hiya TLC, I haven't stopped by here for a little while, but I see you are still doing tremendous work here.

I will make sure to stop by more often in future because your charts really are very good, and very helpful.

Thank you for your time and effort

RJ

EUR/CAD

EUR/USD

Hey Coke,

Here's something else that supports your view:

I'll probably wait til next week, as I think the bulls have taken a break, but that's just my opinion.

http://i54.tinypic.com/34qmzyw.png

USD/CHF At CL

GBP/JPY Breaking Support

AUD/USD SL to BE, Currently + 100, no Drawdown

Even though I'm not a profitable trader (finally gave up trying to develop a method to use tight stops, got stopped out of hundreds of trades for the last 20 months), I do find a strength and weakness for TheLastCoke' point of view. When prices bounce back and forth between two trendlines or S/R levels, he may be able to trade both directions and be right. This is the strength of his point of view. However, he once continuously tried to predict the euro was going to crash when it kept going up. I think it may be an idea to look at TheLastCoke' trend-following setups rather than his contrarian setups. Right now everyone is expecting QE2 so targeting much lower price targets for the euro is very daring. This is just my opinion of course, and as usual, I'll probably be wrong.

Anyway, like I said before, I do not agree with the site admin's policy of not allowing you to change an oddly chosen username.

Thanks for your opinion Clambill, sorry you have misinterpreted the charts, I have never used the word crash in my trading career. I just you showed (as usual)the technical parameters of any pairs in any condition (including those counter trend). I present what I read from the charts nothing more, nothing less. Let me tell you the whole EUR/USD story so you can have a better understanding on how and why those charts were shown. If you ever have any question please feel free to contact me thru Skype or PM.

1. #3323 An AB=CD + Reistance+ channel UTL was presented, I clearly expressed that I was flat.
2. #3327 In case you took the above call, you had the chance to grab about 100 pips or get out at BE with no drawdown (as stated in the post).
3. #3332 No trading suggestion, again facts about the current situation.
4. #3341 Another bearish pattern was shown, my warning to exercise caution was stated.
5. #3348 Price bounced and I wrote to expect a second bounce, at this point the trade was about +70 pips with no DD. You had the chance to grab those or closed it at BE
6. #3360 No trading suggestion, showed the retest of those level where if you were Bullish you could have entered
7. #3361 Another current scenario shown with no trading suggestion plus a technical warning that it was breaking TL and wasn't coming from a HH
8. #3370 TL's confluence shown. Break and retest of TL in confluence with another.

Again, no irrelevant information was submitted and it was unbiased as well. You will find only 100% objective information in all my charts.

Thanks for commenting,
TLC

Eur/jpy

GBP/USD Taking any decision at this point is not recommended

AUD/CHF Breaking TL, next turning point at resistance where 61% Fib just above it may ''defend'' the entry.

Breakout to the upside looming?

What channel are you tuned in to? I'm on the yellow channel.

The b/o was stopped at UTL channel, for the time being. It may retest support (white line) before continuing north.

EOW and Start of Next Week activity hopefully doesn't change that.

Hey Clambill, TLC just posts possible set ups. Sometimes they don't play out. The skill of trading is recognising what they are, taking those that play out and fading those that don't.

USD/CHF Currently above CL and Neck line, waiting for a close to call it valid.

Maybe a confluence with TLC's H&S...

USD/JPY Still a long way to go but it will be nice to see it breaking this range and maybe you got yourself a front-row seat. #3368. (Depending on how this monthly candle closes I might discard this pattern)

AUD/CHF Approaching entry point

Hello,

EUR/USD As a note: Keep in mind that the LS is formed by 30 periods, the RS has 20 currently. If it keeps a good symmetry, the Confirmation Line could be met by +- next Tuesday. (RH = RS Typo error)

Have a wonderful week!!!
TLC