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Backing Trades Thru Charts

  • #4,181
  • Feb 1, 2011 8:03pm Feb 1, 2011 8:03pm
Quoting realjumper
I do like these gartley patterns, and I use them when I see them.
AUD/USD Here you go

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  • #4,182
  • Feb 1, 2011 11:30pm Feb 1, 2011 11:30pm
Quoting TheLastCoke
AUD/USD Here you go
Thank you....I'll keep an eye on this
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,183
  • Feb 2, 2011 11:54am Feb 2, 2011 11:54am
Quoting longshot_nl
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.
stopped out.
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  • #4,184
  • Feb 2, 2011 12:14pm Feb 2, 2011 12:14pm
first image: long till 1.0080

second image: short, Gartley + resistance
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  • #4,185
  • Edited 3:21pm Feb 2, 2011 12:53pm | Edited 3:21pm
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.
my EW count to back trade up.

edit: hmm big wave 5 shouldn't be overlapping big wave 1..
trade stays however.

IMHO Current wave is either wave 2 or b, either way it shouldn't get past previous c.
If it does its likely wave 3 of 3 and current count is invalidated.
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  • #4,186
  • Edited Feb 3, 2011 5:22am Feb 2, 2011 3:25pm | Edited Feb 3, 2011 5:22am
Quoting longshot_nl
my EW count to back trade up.

edit: hmm big wave 5 shouldn't be overlapping big wave 1..
trade stays however.

IMHO Current wave is either wave 2 or b, either way it shouldn't get past previous c.
If it does its a buy becouse then its wave 3 of 3 and current count is invalidated.
GBP/USD Based on my chart (and feed), it went above TL for around 70 pips and it might close above it confirming a break. Next major resistance is at 1.6440 (78% Fib + Previous Top). IMHO Trading against a weekly TL break is not recommended

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  • #4,187
  • Feb 2, 2011 3:48pm Feb 2, 2011 3:48pm
Quoting longshot_nl
my EW count to back trade up.

edit: hmm big wave 5 shouldn't be overlapping big wave 1..
trade stays however.

IMHO Current wave is either wave 2 or b, either way it shouldn't get past previous c.
If it does its likely wave 3 of 3 and current count is invalidated.
please disregard setup.
EW sais 2/3 chance it will go down but UTL broken.
also i don't like lower TF ew count.
  • #4,188
  • Feb 2, 2011 8:36pm Feb 2, 2011 8:36pm
Disregard Setups:

USD/CHF #4158 Adverse PA

AUD/USD #4181 Symmetry Lost
  • #4,189
  • Feb 2, 2011 8:39pm Feb 2, 2011 8:39pm
EUR/USD

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  • #4,190
  • Feb 3, 2011 12:59am Feb 3, 2011 12:59am
Hi Gabriel!!! Como va eso??? Hope you're doing right mate!!!
What do you think about this?? All the way to 6800 if we go through 6300 or a retrace back to 6200??
I think today is a key day for the future of the pair in the next month.
Have a good one G!!
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  • #4,191
  • Feb 3, 2011 5:30am Feb 3, 2011 5:30am
Quoting maurofx
All the way to 6800 if we go through 6300 or a retrace back to 6200??
GBP/USD This is how I see it

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  • #4,192
  • Feb 3, 2011 6:52am Feb 3, 2011 6:52am
Quoting TheLastCoke
EUR/USD

Attachment
EUR/USD Closer Look

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  • #4,193
  • Feb 3, 2011 7:52am Feb 3, 2011 7:52am
Quoting TheLastCoke
EUR/USD Closer Look

Attachment
EUR/USD Setup Closed, -55

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  • #4,194
  • Feb 3, 2011 7:58am Feb 3, 2011 7:58am
EUR/JPY

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  • #4,195
  • Feb 3, 2011 9:47am Feb 3, 2011 9:47am
EUR/USD 1.3480's might be next but a TL retest in not out of the question

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  • #4,196
  • Feb 3, 2011 9:54am Feb 3, 2011 9:54am
looks like bearish triangle.
if LTL breaks you can enter on retest.

but i have been counting waves and i prefer the H&S scenario.

in either scenario, enter on retest LTL.

I will be counting waves and if the waves fit i short right shoulder top.
I'll keep you informed.
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  • #4,197
  • Feb 3, 2011 10:33am Feb 3, 2011 10:33am
Quoting bphone
first image: long till 1.0080

second image: short, Gartley + resistance
AUD/CAD Nice one, your long is looking very good! Congrats
  • #4,198
  • Feb 3, 2011 6:09pm Feb 3, 2011 6:09pm
Quoting TheLastCoke
AUD/CAD Nice one, your long is looking very good! Congrats
thanks TLC!
Short!
we have Crab Pattern+resistance+channel+reversal outside bar.
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  • #4,199
  • Feb 3, 2011 8:25pm Feb 3, 2011 8:25pm
AUD/CAD At entry

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  • #4,200
  • Feb 3, 2011 11:04pm Feb 3, 2011 11:04pm
Quoting TheLastCoke
EUR/JPY

Attachment
EUR/JPY Disregard setup
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