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Backing Trades Thru Charts

  • #3,721
  • Dec 7, 2010 9:31am Dec 7, 2010 9:31am
Wait for break and retest of Red line before going long
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  • #3,722
  • Dec 7, 2010 10:21am Dec 7, 2010 10:21am
Quoting Rgali1
wow clear rejection off the support zoomed over 100 pips already. Is this the rejection you were expecting at the fib and point D or do you think it will come back down.
Thanks
GBP/AUD It was rejected at previous low (white arrow), Setup is closed for new entries, SL to +55, currently +130. No DD.

The Setup #3705
The Entry #3718

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  • #3,723
  • Dec 7, 2010 10:41am Dec 7, 2010 10:41am
Quoting TheLastCoke
GBP/CAD Bearish Confluence

Attachment
GBP/CAD Setup Closed, SL hit - 45

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  • #3,724
  • Dec 7, 2010 10:45am Dec 7, 2010 10:45am
Quoting TheLastCoke
EUR/GBP Level respected, no new entries for a second retest

Attachment
EUR/GBP SL to +40, Currently +85, DD 5

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  • #3,725
  • Dec 7, 2010 11:14am Dec 7, 2010 11:14am
Quoting TheLastCoke
GBP/AUD It was rejected at previous low (white arrow), Setup is closed for new entries, SL to +55, currently +130. No DD.

The Setup #3705
The Entry #3718

Attachment
Very nice trade. I must have not properly understood your entry from your chart it looked like you wanted an entry at 1.5815. Although anything at or below pervious support would have been a good entry point.
Former Trader Of the Year of the 95% losing club! Retired
  • #3,726
  • Dec 7, 2010 11:18am Dec 7, 2010 11:18am
Quoting Rgali1
Very nice trade. I must have not properly understood your entry from your chart it looked like you wanted an entry at 1.5815. Although anything at or below pervious support would have been a good entry point.
That's why I called Support + AB=CD. I was counting on the previous low to the D point as the entry range (20 pips area shown in green). Please feel free to PM me for questions regarding my setups posted here.
  • #3,727
  • Dec 7, 2010 11:54am Dec 7, 2010 11:54am
h1 setup
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  • #3,728
  • Dec 7, 2010 2:27pm Dec 7, 2010 2:27pm
Quoting gta5555
h1 setup
EUR/USD Keep in mind that it isn't coming form a HH. Possible TL break
  • #3,729
  • Dec 7, 2010 3:13pm Dec 7, 2010 3:13pm
Quoting TheLastCoke
GBP/AUD It was rejected at previous low (white arrow), Setup is closed for new entries, SL to +55, currently +130. No DD.

The Setup #3705
The Entry #3718

Attachment
GBP/AUD T1 met, +190.

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  • #3,730
  • Dec 7, 2010 3:21pm Dec 7, 2010 3:21pm
Awesome Gab.

Quoting TheLastCoke
GBP/AUD T1 met, +190.

Attachment
Hello.
  • #3,731
  • Dec 7, 2010 3:38pm Dec 7, 2010 3:38pm
Quoting gta5555
h1 setup
watch out for the bat man.
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  • #3,732
  • Dec 7, 2010 10:16pm Dec 7, 2010 10:16pm
Quoting gta5555
h1 setup
previous setup didnt really worked as expected.
but i have huge expectations frm this one.lol.
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  • #3,733
  • Dec 7, 2010 10:34pm Dec 7, 2010 10:34pm
Quoting TheLastCoke
EUR/USD Keep in mind that it isn't coming form a HH. Possible TL break
Hello GTA, 50% Fib and previous congestion area looks like the place to take profits from the TL brake instead of going long, I would respect bears right now.

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  • #3,734
  • Dec 7, 2010 10:41pm Dec 7, 2010 10:41pm
Quoting TheLastCoke
Hello GTA, 50% Fib and previous congestion area looks like the place to take profits from the TL brake instead of going long, I would respect bears right now.

Attachment
Point Noted.
  • #3,735
  • Dec 8, 2010 7:38am Dec 8, 2010 7:38am
Quoting TheLastCoke
GBP/NZD

Attachment
GBP/NZD Count completed, wide SL required, review your MM. As a conservative trade wait for the flag to validate

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  • #3,736
  • Dec 8, 2010 9:25am Dec 8, 2010 9:25am
possible setup..
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  • #3,737
  • Dec 8, 2010 12:15pm Dec 8, 2010 12:15pm
Alright.. before you trade this, notice my nickname.
This is way premature.
Either pattern isn't valid until D is met.

What this analysis means is that it could make an AB=CD to a bat pattern.
There is confluence @ C and D of the AB=CD.
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  • #3,738
  • Dec 8, 2010 1:38pm Dec 8, 2010 1:38pm
no fib confluence.
Is worth a try if TL's are hit @ cycle line.
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  • #3,739
  • Dec 8, 2010 7:21pm Dec 8, 2010 7:21pm
EUR/USD

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  • #3,740
  • Dec 8, 2010 10:19pm Dec 8, 2010 10:19pm
H1
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