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Backing Trades Thru Charts

  • #3,601
  • Nov 19, 2010 4:58pm Nov 19, 2010 4:58pm
Please feel free to review the Performance Report for this week (Nov 15th to 19th)

Enjoy the weekend!
  • #3,602
  • Nov 20, 2010 3:22am Nov 20, 2010 3:22am
Quoting TheLastCoke
EUR/USD Setup met its T1 (I took me out at +150)

Attachment
Excellent work
I missed this great set up and many good traders didn't see it
  • #3,603
  • Nov 22, 2010 7:34am Nov 22, 2010 7:34am
EUR/USD Rejected at 38% fib + Previous top, if Bump level is respected it might form an Inverted H&S.

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  • #3,604
  • Nov 22, 2010 9:08pm Nov 22, 2010 9:08pm
Quoting TheLastCoke
EUR/USD Rejected at 38% fib + Previous top, if Bump level is respected it might form an Inverted H&S.

Attachment
Nice setup Gabriel!! What is your tg on this one? @3470 area??
Good trades mate!
  • #3,605
  • Nov 22, 2010 9:39pm Nov 22, 2010 9:39pm
Quoting maurofx
Nice setup Gabriel!! What is your tg on this one? @3470 area??
Good trades mate!
My EUR/USD Target was already met.

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Have these two options: Buying the second channel LTL test

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or an inverted H&S as a tentative setup

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  • #3,606
  • Nov 22, 2010 9:55pm Nov 22, 2010 9:55pm
Quoting TheLastCoke
My EUR/USD Target was already met.

Attachment

Attachment

Have these two options: Buying the second channel LTL test

Attachment

or an inverted H&S as a tentative setup

Attachment
It seems to be a feasible scenario. Today it also met the LTL, but PA didn't make it. It's also around daily S1, could be a good area to long it, you're RRR is veeery atractive!
Have a nice day man, I'll be around!!
  • #3,607
  • Nov 22, 2010 10:13pm Nov 22, 2010 10:13pm
.
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  • #3,608
  • Nov 22, 2010 10:40pm Nov 22, 2010 10:40pm
Quoting gta5555
.
CAD/JPY An upward break might validate a Double Bottom

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  • #3,609
  • Nov 22, 2010 11:16pm Nov 22, 2010 11:16pm
HI TLC

what do you think about e/j ...... is it inverted rhs on weekly ?

i'll post screen later on.

cheers

thx for your great contribution into this forum
  • #3,610
  • Nov 22, 2010 11:30pm Nov 22, 2010 11:30pm
Quoting johny_bravo
HI TLC
what do you think about e/j ...... is it inverted rhs on weekly ?
i'll post screen later on.
cheers
thx for your great contribution into this forum
I don't like the ''pattern'' for several reasons:

1. The Right Shoulder is a lot higher than the Left one.
2. There is a big diference between the periods in both shoulders, LS is about 60, Right one is about 40.
3. The neckline is pointing upwards, a down sloping neck line performs better.

There isn't a good symmetry.
  • #3,611
  • Nov 22, 2010 11:56pm Nov 22, 2010 11:56pm
Quoting TheLastCoke
I don't like the ''pattern'' for several reasons:

1. The Right Shoulder is a lot higher than the Left one.
2. There is a big diference between the periods in both shoulders, LS is about 60, Right one is about 40.
3. The neckline is pointing upwards, a down sloping neck line performs better.

There isn't a good symmetry.
yeah you're right about symmetry but i always thought that down sloping neckline should be at h&s

so in case of inverted h&s it can be upwards ....

isn't it like this? or it always shoud be pointing upwards, i mean it should be straight but in case if it's not, which case is better ....
  • #3,612
  • Nov 23, 2010 1:36am Nov 23, 2010 1:36am
FLAG in USD/CAD H4.
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  • #3,613
  • Nov 23, 2010 5:47am Nov 23, 2010 5:47am
Quoting johny_bravo
yeah you're right about symmetry but i always thought that down sloping neckline should be at h&s

so in case of inverted h&s it can be upwards ....

isn't it like this? or it always shoud be pointing upwards, i mean it should be straight but in case if it's not, which case is better ....
It can be pointing in any direction but in this case a down sloping one might perform better.
  • #3,614
  • Nov 23, 2010 9:52am Nov 23, 2010 9:52am
EUR/USD Bullish Confluence might give us a bounce to enter at channel LTL retest.

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  • #3,615
  • Nov 23, 2010 10:05am Nov 23, 2010 10:05am
EUR/GBP Currently fighting Previous Bottom

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  • #3,616
  • Nov 23, 2010 10:14am Nov 23, 2010 10:14am
Quoting TheLastCoke
USD/CHF Now that the TL and Fib are broken, the current scenario doesn't look too good for the double bottom. Fully rejected at Confirmation Line.

Attachment
USD/CHF Rejection at Neck Line formed a handle that might help with the post break performance.

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  • #3,617
  • Nov 23, 2010 9:56pm Nov 23, 2010 9:56pm
November 15th to 19th charts are already posted Please feel free to review them.
  • #3,618
  • Nov 23, 2010 10:09pm Nov 23, 2010 10:09pm
AUD/USD Bullish Confluence.

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  • #3,619
  • Nov 24, 2010 12:28am Nov 24, 2010 12:28am
Channel in ECAD daily
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  • #3,620
  • Nov 24, 2010 2:30am Nov 24, 2010 2:30am
GCHF H4
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