Backing Trades Thru Charts | Page 209 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to determine thru code which chart window has focus 0 replies

Charts, Charts, Charts! 1 reply

Link Charts & Floating Charts 4 replies

Forex Daily Charts Scanning “price action in and between charts” 2 replies

Which charts to believe?? the best charts' source ? 19 replies

Attachments: Backing Trades Thru Charts
Exit Attachments

Backing Trades Thru Charts

  • #4,161
  • Edited 3:55am Jan 31, 2011 3:31am | Edited 3:55am
USD/CHF
I don't see it go down.
round number and fib level test already completed.
Attached Image (click to enlarge)
Click to Enlarge Name: forex610_before_2.jpg Size: 72 KB
  • #4,162
  • Jan 31, 2011 9:29am Jan 31, 2011 9:29am
USD/CAD Possible Break

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad fcs.gif Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2 fcs.gif Size: 28 KB
  • #4,163
  • Jan 31, 2011 9:48am Jan 31, 2011 9:48am
Quoting TheLastCoke
USD/CHF Hello Emene nice catch, I have some Bullish confluence by previous bottom.

Attachment
USD/CHF Broke congestion area and it is approaching entry.
  • #4,164
  • Jan 31, 2011 9:59am Jan 31, 2011 9:59am
EUR/USD Possible Turning Point

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd fcs.gif Size: 21 KB
  • #4,165
  • Jan 31, 2011 10:16am Jan 31, 2011 10:16am
I'm late and maybe wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
Hello.
  • #4,166
  • Jan 31, 2011 12:36pm Jan 31, 2011 12:36pm
I wish i could trade gold..
Can't now..
Attached Image (click to enlarge)
Click to Enlarge Name: forex612.jpg Size: 88 KB
  • #4,167
  • Jan 31, 2011 1:57pm Jan 31, 2011 1:57pm
Can you believe I didn't get in ? Some days I want to kick me in the face, but I'm not flexible enough.

Quoting TheLastCoke
USD/CHF Broke congestion area and it is approaching entry.
Hello.
  • #4,168
  • Jan 31, 2011 2:00pm Jan 31, 2011 2:00pm
Quoting emene
Can you believe I didn't get in ? Some days I want to kick me in the face, but I'm not flexible enough.
It didn't reach my entry point either, I'm expecting another try
  • #4,169
  • Jan 31, 2011 2:05pm Jan 31, 2011 2:05pm
Quoting TheLastCoke
USD/CAD Possible Break

Attachment

Attachment
USD/CAD It was a nice try but couldn't close above CL

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1 fcs.gif Size: 28 KB
  • #4,170
  • Jan 31, 2011 3:44pm Jan 31, 2011 3:44pm
EUR/USD Mixed Scenario

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4 fcs.gif Size: 25 KB
  • #4,171
  • Edited 5:25pm Jan 31, 2011 4:48pm | Edited 5:25pm
EUR/CHF

This entry is very risky since it isn't a H&S pattern yet.
Only on validation of the neck line.

But i am bearish on the euro so i trade the right shoulder.
Attached Image (click to enlarge)
Click to Enlarge Name: forex613.gif Size: 25 KB
  • #4,172
  • Jan 31, 2011 5:02pm Jan 31, 2011 5:02pm
Quoting TheLastCoke
It didn't reach my entry point either, I'm expecting another try
Me too.....I think that a double tap of 93 is certainly possible.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,173
  • Jan 31, 2011 6:30pm Jan 31, 2011 6:30pm
GBP/USD Flat

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1fcs.gif Size: 24 KB
  • #4,174
  • Feb 1, 2011 11:27am Feb 1, 2011 11:27am
Quoting longshot_nl
GU.
Possible high RRR setup.
I am looking to go short at the UTL/88.6 fib and target the LTL of the pennant.
SL above C.
when i zoom in in MT4 the line moves. but this is still my short area.
Approaching entry.
  • #4,175
  • Feb 1, 2011 1:24pm Feb 1, 2011 1:24pm
Quoting longshot_nl
Approaching entry.
GBP/USD #3494 It may bounce at TL but the pennant symmetry is lost with this double test
  • #4,176
  • Feb 1, 2011 2:56pm Feb 1, 2011 2:56pm
Hello to all,
very precise Bullish Bat on USDCHF materialized:
http://imageupload.org/?di=6129659357912
Wait for confluence with DX for it to leap off.
  • #4,177
  • Feb 1, 2011 3:07pm Feb 1, 2011 3:07pm
Quoting Sdvsa
Hello to all,
very precise Bullish Bat on USDCHF materialized:

Wait for confluence with DX for it to leap off.
It is indeed a well structured Bat:

B= 50% XA
C= Acceptable at 61% AB (88% Optimal)
D= 88% XA
AB=CD = 127% Acceptable (161% Optimal)

Nice cath & welcome to the thread!
  • #4,178
  • Feb 1, 2011 4:22pm Feb 1, 2011 4:22pm
Quoting TheLastCoke
It is indeed a well structured Bat:

B= 50% XA
C= Acceptable at 61% AB (88% Optimal)
D= 88% XA
AB=CD = 127% Acceptable (161% Optimal)

Nice cath & welcome to the thread!
Thank you for the PM TheLastCoke,
I love this thread and the methods presented there and digested Thread Recap the whole weekend (and will come back to it again).
As I continue to merge this knowledge with experience, I will surely contribute whenever I can.

It is great to observe per your explanation how one optimal part of the patter enforces the other and vice versa: should we have C @ optimal 88%, AB=CD projection would be also required around optimal 161% for the XA leg retracement to reach 88.6%.

Great trading to all,

Martin

  • #4,179
  • Feb 1, 2011 4:45pm Feb 1, 2011 4:45pm
Quoting longshot_nl
GU.
Possible high RRR setup.
I am looking to go short at the UTL/88.6 fib and target the LTL of the pennant.
SL above C.
when i zoom in in MT4 the line moves. but this is still my short area.
Just re-anchor your lines to the top of the pivot points on the lower timeframes and you will find they won't move around as you drill down.
  • #4,180
  • Feb 1, 2011 4:50pm Feb 1, 2011 4:50pm
Quoting Sdvsa
Hello to all,
very precise Bullish Bat on USDCHF materialized:

Wait for confluence with DX for it to leap off.
Yes, I have it as well. I do like these gartley patterns, and I use them when I see them. Very often they pay good pips, but getting the entry right can be a bit tricky. There is a bearish butterfly on the H1 and H4 on GBP/USD as well a regular bearish divergence (rsi) on both timeframes. Now it's a matter of getting the entry right!!

I can't post the chart at the moment, but I'll try and get it up at lunchtime
Doing what you like is Freedom. Liking what you do is Happiness.
2 traders viewing now