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Backing Trades Thru Charts

  • #3,821
  • Dec 16, 2010 11:10am Dec 16, 2010 11:10am
Quoting TheLastCoke
EUR/USD This is what I mean, notice the gap between the level and TL (gray square)

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Awesome, thanks for the explanation!
Former Trader Of the Year of the 95% losing club! Retired
  • #3,822
  • Dec 16, 2010 9:33pm Dec 16, 2010 9:33pm
AUD/JPY

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  • #3,823
  • Dec 17, 2010 4:17am Dec 17, 2010 4:17am
Quoting TheLastCoke
AUD/JPY

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AUD/JPY Quoted setup as T1 & Reverse

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  • #3,824
  • Dec 17, 2010 4:43am Dec 17, 2010 4:43am
Quoting TheLastCoke
AUD/JPY Quoted setup as T1 & Reverse

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Thx Gabriel for the chart, I would like to know where do you place your stop on this trade, 82.25!!! Max
  • #3,825
  • Dec 17, 2010 4:56am Dec 17, 2010 4:56am
Quoting maximus2005
Thx Gabriel for the chart, I would like to know where do you place your stop on this trade, 82.25!!! Max
Hello Max, a tight SL might do the job. +- 82.45 will give you a RRR close to 6:1
  • #3,826
  • Dec 17, 2010 7:06am Dec 17, 2010 7:06am
Quoting TheLastCoke
GBP/AUD SL to BE, Currently + 95

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Setup Closed at BE
  • #3,827
  • Edited 3:14am Dec 19, 2010 2:46am | Edited 3:14am
Some thoughts on EU.
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Hello.
  • #3,828
  • Dec 19, 2010 3:13am Dec 19, 2010 3:13am
AUDJPY closed below the neckline on Friday.

Quoting TheLastCoke
AUD/JPY Quoted setup as T1 & Reverse

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Hello.
  • #3,829
  • Dec 19, 2010 5:36am Dec 19, 2010 5:36am
Quoting emene
AUDJPY closed below the neckline on Friday.
AUD/JPY The white descending TL in the H4 chart previously posted is this Weekly TL, before the break it made a resistance zone that lasted for 6 weeks. The prices is currently testing the same area as support in confluence with the 23% Fib. #3823

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  • #3,830
  • Edited 6:26am Dec 19, 2010 5:45am | Edited 6:26am
Edit : Bad data. I have indeed a clean break above the TL now. Thanks.

It's just that I was looking for a cleaner break, so I wondered if any clue was there to indicate a false break, just in case.

Quoting TheLastCoke
AUD/JPY The white descending TL in the H4 chart previously posted is this Weekly TL, before the break it made a resistance zone that lasted for 6 weeks. The prices is currently testing the same area as support in confluence with the 23% Fib. #3823

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Hello.
  • #3,831
  • Dec 19, 2010 5:51am Dec 19, 2010 5:51am
Quoting emene
It's just that I was looking for a cleaner break, so I wondered if any clue was there to indicate a false break, just in case.
AUD/JPY Keep in mind that pair closed around 140 pips above TL last week (Daily TF)
  • #3,832
  • Dec 19, 2010 7:23am Dec 19, 2010 7:23am
Chart of the Week & The Performance Report are now available
  • #3,833
  • Dec 20, 2010 8:03am Dec 20, 2010 8:03am
EUR/USD At entry

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  • #3,834
  • Dec 20, 2010 8:12am Dec 20, 2010 8:12am
EUR/CHF At entry

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  • #3,835
  • Dec 20, 2010 8:24am Dec 20, 2010 8:24am
Quoting TheLastCoke
AUD/JPY Quoted setup as T1 & Reverse

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AUD/JPY SL to BE recommended

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  • #3,836
  • Dec 20, 2010 8:27am Dec 20, 2010 8:27am
Quoting TheLastCoke
EUR/CHF At entry

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thx Gab for the charts, I have put my stoploss for the eurchf at 1.2600, what do you think!!! thx Max
  • #3,837
  • Dec 20, 2010 8:29am Dec 20, 2010 8:29am
Quoting maximus2005
thx Gab for the charts, I have put my stoploss for the eurchf at 1.2600, what do you think!!! thx Max
Hello Max, 2575 will have the round number protecting your trade, it is a wide SL but RRR is around 5.5:1, you could use half the usual size if you want.
  • #3,838
  • Dec 20, 2010 8:34am Dec 20, 2010 8:34am
Quoting TheLastCoke
Hello Max, 2575 will have the round number protecting your trade, it is a wide SL but RRR is around 5.5:1, you could use half the usual size if you want.
Thx Gabriel for your help very appreciated... Max
  • #3,839
  • Dec 20, 2010 7:56pm Dec 20, 2010 7:56pm
Quoting TheLastCoke
EUR/USD At entry

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EUR/USD SL to BE area met, currently +85, no drawdown

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  • #3,840
  • Dec 20, 2010 8:20pm Dec 20, 2010 8:20pm
Quoting TheLastCoke
AUD/JPY SL to BE recommended

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AUD/JPY SL to +40 at ''double top'' (green level), Currently +60, Drawdown -3

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