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Backing Trades Thru Charts

  • #3,841
  • Dec 20, 2010 10:26pm Dec 20, 2010 10:26pm

To all of you!


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  • #3,842
  • Dec 20, 2010 10:49pm Dec 20, 2010 10:49pm
Quoting TheLastCoke
EUR/CHF At entry

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EUR/CHF Too soon to tell but there was a 75 pips rejection from lowest point
  • #3,843
  • Dec 21, 2010 8:30am Dec 21, 2010 8:30am
hi guys!

first of all have a lovely x-mass all of you !

now back on the bussines

few weeks ago i asked about your views on e/j

and potentialy h/s

TLC pointed out that right shoulder wasnt conviencing enough.

well know its about the same size as left one (about 13 weeks)

plus on the monthly it looks a bit like diamond formation ... well yeah a bit ;P thats the problem

so i just wanted you guys to have alook and share your opinions .... especially TLC coz your knowledge and expierience is absolutly priceless.
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  • #3,844
  • Dec 21, 2010 10:54am Dec 21, 2010 10:54am
Quoting johny_bravo
well know its about the same size as left one (about 13 weeks)

plus on the monthly it looks a bit like diamond formation ... well yeah a bit ;P thats the problem
Hello Johny, there is a possibility for an inverted H&S to be formed but keep in mind that it won't be a pattern until it validates by breaking the neck line, so even if it goes up and makes the right shoulder we still need a confirmation to consider trading this as a reversal pattern.
  • #3,845
  • Dec 21, 2010 11:36am Dec 21, 2010 11:36am
Quoting TheLastCoke
Hello Johny, there is a possibility for an inverted H&S to be formed but keep in mind that it won't be a pattern until it validates by breaking the neck line, so even if it goes up and makes the right shoulder we still need a confirmation to consider trading this as a reversal pattern.
Hi
I c good possibility e/u go above 1.32 at least to shake out sellers "I'm not into that trade" but i'm interested to know What do u c from 1.31?
  • #3,846
  • Dec 21, 2010 12:08pm Dec 21, 2010 12:08pm
Quoting egkid
Hi
I c good possibility e/u go above 1.32 at least to shake out sellers "I'm not into that trade" but i'm interested to know What do u c from 1.31?
I have this setup already running #3839 at BE but if it gets stopped out I'll be flat until PA tells me something at LTL
  • #3,847
  • Dec 21, 2010 5:08pm Dec 21, 2010 5:08pm
Quoting TheLastCoke
I have this setup already running #3839 at BE but if it gets stopped out I'll be flat until PA tells me something at LTL
Hi
Thanks for reply
As long daily not close under 1.31 "strong S" that mean very possible Retrace to Up above 1.32
psychology all this sellers need to shake out but after all we all have daily chart to know where is the trend going. Now It's matter of MM+Pick up your entry
  • #3,848
  • Dec 21, 2010 9:02pm Dec 21, 2010 9:02pm
Quoting TheLastCoke
EUR/CHF Too soon to tell but there was a 75 pips rejection from lowest point
EUR/CHF Stopped out -80
  • #3,849
  • Dec 21, 2010 9:06pm Dec 21, 2010 9:06pm
Quoting TheLastCoke
AUD/JPY SL to BE recommended

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AUD/JPY SL to +40, currently +65

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  • #3,850
  • Dec 21, 2010 9:08pm Dec 21, 2010 9:08pm
Quoting TheLastCoke
EUR/USD SL to BE area met, currently +85, no drawdown

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EUR/USD Setup Closed at BE

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  • #3,851
  • Dec 21, 2010 9:09pm Dec 21, 2010 9:09pm
Quoting TheLastCoke
AUD/JPY

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AUD/JPY Disregard setup
  • #3,852
  • Dec 21, 2010 9:16pm Dec 21, 2010 9:16pm
AUD/CAD SL Already at BE, no new entries

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  • #3,853
  • Dec 21, 2010 9:18pm Dec 21, 2010 9:18pm
AUD/USD SL already at BE (sooner than usual), no new entries

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  • #3,854
  • Dec 21, 2010 10:22pm Dec 21, 2010 10:22pm
Quoting TheLastCoke
USD/JPY I'm Bullish until 38% Fib for the following reasons:

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USD/JPY + This one:

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  • #3,855
  • Dec 22, 2010 5:57am Dec 22, 2010 5:57am
Quoting TheLastCoke
USD/JPY + This one:

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So Gabriel you wait that there will be a break of 84.38 and after that retrace at this price for entry, is that what you said just to confirm with you.... thx Max
  • #3,856
  • Dec 22, 2010 6:34am Dec 22, 2010 6:34am
Quoting maximus2005
So Gabriel you wait that there will be a break of 84.38 and after that retrace at this price for entry, is that what you said just to confirm with you.... thx Max
Hello Max, When trading a break nothing is written in stone #2369 . The pattern isn't valid until it breaks the UTL. At this point it can just continue a sideways PA and therefore deforming the pattern or even turn out to be a Bearish pattern by making a triple top. I would like to see a clean UTL break and enter at retest.
  • #3,857
  • Dec 22, 2010 6:36am Dec 22, 2010 6:36am
Quoting TheLastCoke
Hello Max, When trading a break nothing is written in stone #2369 . The pattern isn't valid until it breaks the UTL. At this point it can just continue a sideways PA and therefore deforming the pattern or even turn out to be a Bearish pattern by making a triple top. I would like to see a clean UTL break and enter a retest.

Ok thx Gabriel...
  • #3,858
  • Dec 22, 2010 8:43am Dec 22, 2010 8:43am
Quoting TheLastCoke
GBP/NZD Count completed, wide SL required, review your MM. As a conservative trade wait for the flag to validate

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GBP/NZD Testing LTL, time to get profits if sold at UTL

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  • #3,859
  • Edited 4:51pm Dec 22, 2010 3:27pm | Edited 4:51pm
eurchf.

edit: added 2nd chart..
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  • #3,860
  • Dec 22, 2010 10:50pm Dec 22, 2010 10:50pm
Quoting TheLastCoke
AUD/USD SL already at BE (sooner than usual), no new entries

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AUD/USD Setup Closed at BE
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