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Candlesticks Trading

  • #161
  • Jan 30, 2011 6:45pm Jan 30, 2011 6:45pm
A trade that we can consider. EJ daily - price in going to the confluence leave. 111.27 We can buy when price hit the level, sl is price below the 65 MA. TP is somewhere b4 the 200 MA. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ej daily.gif Size: 17 KB
  • #162
  • Jan 30, 2011 8:37pm Jan 30, 2011 8:37pm
hi guys was looking at the thread good candlestick analysis.
hope i can help keeping up the good work
  • #163
  • Edited 9:05pm Jan 30, 2011 8:39pm | Edited 9:05pm
looking at the aud/usd as a short entry.
i did not take this trade,2 much traffic.
It easier to keep the powdler dry.
  • #164
  • Jan 30, 2011 8:57pm Jan 30, 2011 8:57pm
Hi 888, please share yr analaysis too. Cheers
  • #165
  • Jan 30, 2011 9:50pm Jan 30, 2011 9:50pm
Quoting freedomsg
Hi 888, please share yr analaysis too. Cheers
sorry new to this.
1.are still inside the previous monthly high.
2 weekly chart we have a confirmed swing high.

3. there is a fib retracement (if ppl use them me personally im 50/50 with them) holds the 38% level this can act as a good level of s/r and on the 4hr

98242 is a good support
  • #166
  • Jan 30, 2011 10:10pm Jan 30, 2011 10:10pm
Quoting hoops888
sorry new to this.
1.are still inside the previous monthly high.
2 weekly chart we have a confirmed swing high.

3. there is a fib retracement (if ppl use them me personally im 50/50 with them) holds the 38% level this can act as a good level of s/r and on the 4hr

98242 is a good support
good risk reward scenario developed.im short
Aud/usd
  • #167
  • Jan 30, 2011 10:22pm Jan 30, 2011 10:22pm
Quoting hoops888
good risk reward scenario developed.im short
Aud/usd
out of position,meant to keep on half lots but closed out full position.
will continue to watch?
how do ppl feel about this trade?
  • #168
  • Jan 31, 2011 3:08am Jan 31, 2011 3:08am
Hi guys,
i'm interested of what you're doing... pure price action... i will subscribe to this thread and hoping to learn together with you.

regards
  • #169
  • Jan 31, 2011 3:52am Jan 31, 2011 3:52am
Quoting Kambing
Hi guys,
i'm interested of what you're doing... pure price action... i will subscribe to this thread and hoping to learn together with you.

regards
Hi Kambing, welcome on board. Please share your thoughts and we learn together ya. Cheers
  • #170
  • Jan 31, 2011 4:05am Jan 31, 2011 4:05am
Quoting freedomsg
Hi Kambing, welcome on board. Please share your thoughts and we learn together ya. Cheers
Hi freedomsg,
thanks for your welcome i will participate on this thread, but for now i need to learn fast first.

regards
  • #171
  • Jan 31, 2011 4:36am Jan 31, 2011 4:36am
Look At EG weekly chart. PA forming a triangle. RSI show a diverence. If we go down to daily, SOC is still pointing down. If PA touch 38.2 .. we may consider to look for entry for long. Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg weekly.gif Size: 17 KB
Click to Enlarge Name: eg daily.gif Size: 20 KB
  • #172
  • Jan 31, 2011 2:12pm Jan 31, 2011 2:12pm
hi guys have shorted aud/usd @ .9968
the chart is still holding 4hr resistence.
1hr charts made a swing high
it also played around the 50% fib level earlier this morning,and this has happened before.
it is now playing on the 38% level and i think its a good short rite now?
  • #173
  • Feb 1, 2011 7:42pm Feb 1, 2011 7:42pm
Hi Team, look at the PA hitting the weekly trendline. If we go down to 4 hr chart, PA has stalled around this area. A short retracement is good for a short trade. Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu weekly.gif Size: 15 KB
Click to Enlarge Name: gu 4hr.gif Size: 15 KB
  • #174
  • Edited 3:32am Feb 2, 2011 3:14am | Edited 3:32am
EU on H4 looks like loosing out of steam and bound for reversal. my 2 cents... will retrace upto 1.3750ish but once storng resistance will be breach... i am expecting a free fall of upto 1.3690 for the next check bounce... just my view sorry, much that i wanted to post my chart analysis but i cannot... not just yet, you see i'm just a noob...

regards all.

...
edit: just posted my chart
Attached Image (click to enlarge)
Click to Enlarge Name: feb2a.jpg Size: 130 KB
  • #175
  • Feb 4, 2011 1:32am Feb 4, 2011 1:32am
Hi Guys,
Just thought, it would be nice to share to all my view on EU market today...

now that the expected resistance area has been breached, it clearly run freely to the south... i did quite a few pips ...

and so my Target Profit was hit...

at the moment... i'm waiting for a small correction before continuing its run on the south... i can straightaway enter a short position right after it closed lower than previous low...

but to be safe i want to wait and see for price momentum and volatility... and wait until price will cleanly breakout 1.3560ish level...

happy trading all...

cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: feb4.jpg Size: 123 KB
  • #176
  • Feb 4, 2011 7:59am Feb 4, 2011 7:59am
Quoting freedomsg
Hi Team, look at the PA hitting the weekly trendline. If we go down to 4 hr chart, PA has stalled around this area. A short retracement is good for a short trade. Cheers
Follow up GU trade... if you r going short with respect to the weekly resistant line..
1- if you trade with weekly candle ... u are not out yet and u are 83 pips with u.
2- If you are trading with respect to daily/4 hr or 1 hr candle... you are out of the game with pips lost.

In forex.. there must be people win pips and people give away their pips.. this is FOREX.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu weekly.gif Size: 15 KB
Click to Enlarge Name: gu daily.gif Size: 20 KB
  • #177
  • Feb 4, 2011 8:03am Feb 4, 2011 8:03am
Quoting freedomsg
Look At EG weekly chart. PA forming a triangle. RSI show a diverence. If we go down to daily, SOC is still pointing down. If PA touch 38.2 .. we may consider to look for entry for long. Cheers
PA cross 38.2 and now 61.8 ... she refuse to go down to 76.4. SOC not ready to cross.. we need patience for long. Next week is the time. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eg daily.gif Size: 20 KB
  • #178
  • Feb 4, 2011 8:11am Feb 4, 2011 8:11am
Look at the bearish engulf few days ago (RED Arrow)... PA retrace back to 61.8% with respect to the 200MA. She than dive down to fib expansion 61.8. Nice
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.gif Size: 19 KB
  • #179
  • Feb 4, 2011 8:16am Feb 4, 2011 8:16am
Hey bro freedomsg,

Whats up, how is going ur trading?? well nice analysis.
  • #180
  • Feb 4, 2011 8:20am Feb 4, 2011 8:20am
Hello br pips, I am good man... still trying to get some pips from the sharks teeth daily...haha and I am still alive cheers How about you?
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