TrendLine, Support, Resistance, Fibonacci, Divergence, Elliot Wave and Ichimoku | Forex Factory

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Attachments: TrendLine, Support, Resistance, Fibonacci, Divergence, Elliot Wave and Ichimoku
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TrendLine, Support, Resistance, Fibonacci, Divergence, Elliot Wave and Ichimoku

  • #1
  • First Post: Edited Feb 16, 2011 4:07pm Feb 12, 2011 8:58pm | Edited Feb 16, 2011 4:07pm
Hi all,
I decided to create my own thread for my trading ideas based on TrendLine, Support, Resistance, Fibonacci, Divergence, Elliot Wave and Ichimoku.

Started Thread: http://www.forexfactory.com/showthread.php?t=280705

I normally divide trade into 3 trades with totally 2% risk per actual setup.
Here is how I divide my total size allocation per trade of 2% risk at MAX

T1 @ 50 pips with 8% size allocation.
T2 @ 100 pips with 50% size allocation.
T3 @ 300 pips with 42% size allocation.

Trading Rules:
1. NEVER risk more than 2% per trade
2. Discard the setup if it doesn't triggered before 11am EST or 3:00pm EST(varies).
3. Move SL to breakeven after gain the 50 pips.
4. Close 50% of position after reach 100 pips gain.
5. Move you SL to 200ma in 15min chart as new SL after reached 100pips gain.
6. Close all profit positions after 1:00pm on Friday. Don't want to carry winning trade over the weekend.
  • #2
  • Feb 12, 2011 9:01pm Feb 12, 2011 9:01pm
S&P future now at its top of rising wedge channel with negative divergence forming in RSI.
Attached Image (click to enlarge)
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  • #3
  • Feb 12, 2011 9:02pm Feb 12, 2011 9:02pm
In regarding JPY short, I like eurjpy setup Vs gbpjpy.

23.6% + Trendline + Negative Divergence
Attached Image (click to enlarge)
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  • #4
  • Feb 12, 2011 9:03pm Feb 12, 2011 9:03pm
1.382% retracement + Negative divergence + Overbought + Piviot high
Attached Image (click to enlarge)
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  • #5
  • Feb 12, 2011 9:04pm Feb 12, 2011 9:04pm
1.382% retracement + Negative divergence + Overbought + Piviot high
Attached Image (click to enlarge)
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  • #6
  • Feb 12, 2011 9:06pm Feb 12, 2011 9:06pm
1.382% retracement + Overbought + Resistance
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  • #7
  • Feb 12, 2011 9:43pm Feb 12, 2011 9:43pm
euro index still in its triangle pattern.
Attached Image (click to enlarge)
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  • #8
  • Feb 12, 2011 9:47pm Feb 12, 2011 9:47pm
chf index shows at its trendline support now at daily timeframe.
Attached Image (click to enlarge)
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  • #9
  • Edited 10:34pm Feb 12, 2011 9:57pm | Edited 10:34pm
Gain 508 Pips from 2/6/11 - 2/12/11 with 4.53% gain
Attached Image (click to enlarge)
Click to Enlarge Name: 2-13-2011 1-01-14 AM.png Size: 37 KB
Attached File(s)
File Type: pdf 021211.pdf   93 KB | 565 downloads
  • #10
  • Feb 12, 2011 10:30pm Feb 12, 2011 10:30pm
usdjpy broke out its symmetrical triangle. Now it hits resistance point which will likely retrace to its 61.8% + trendline + support area @ 82.65

Note:
It is just possible setup.
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  • #11
  • Feb 12, 2011 10:36pm Feb 12, 2011 10:36pm
Quoting surewin888
chf index shows at its trendline support now at daily timeframe.
Long term TL broken.Its only a minor one shown in your chart.Not very strong.

GL to you.
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  • #12
  • Edited 10:52pm Feb 12, 2011 10:39pm | Edited 10:52pm
Quoting honeybhi
Long term TL broken.Its only a minor one shown in your chart.Not very strong.

GL to you.
thanks for reply...
I totally agree with you. However, in the near term it is oversold. Many chf pairs in overbought condition. I would expect some retracement before another final LEG up for those chf pairs.

As you see below in 4hr chart of chf index. It is at oversold condition.
Support + Oversold + Positive divergence + TrendLine. With those condition, I would expect some upside first.
Attached Image (click to enlarge)
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  • #13
  • Feb 13, 2011 4:28pm Feb 13, 2011 4:28pm
Possible short on audusd when aud index retraceback ton 61.8% retracement.
Attached Image (click to enlarge)
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  • #14
  • Feb 13, 2011 5:29pm Feb 13, 2011 5:29pm
Quoting surewin888
In regarding JPY short, I like eurjpy setup Vs gbpjpy.

23.6% + Trendline + Negative Divergence

http://www.forexfactory.com/showpost...39&postcount=3
Currently +50; SL = BreakEven
Attached Image (click to enlarge)
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  • #15
  • Feb 13, 2011 5:51pm Feb 13, 2011 5:51pm
23.6% retracment + Support + Positive divergen + oversold in 1hr.
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  • #16
  • Feb 13, 2011 6:15pm Feb 13, 2011 6:15pm
Waiting $ index to pull bk into support zone, then I will look for short on gbpusd, eurusd and audusd
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  • #17
  • Feb 13, 2011 6:56pm Feb 13, 2011 6:56pm
Looking for break below Kijun-sen + Kumo cloud in 4hr + RSI below 50 in 1hr.
Attached Image(s) (click to enlarge)
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  • #18
  • Feb 13, 2011 7:30pm Feb 13, 2011 7:30pm
Quoting surewin888
1.382% retracement + Negative divergence + Overbought + Piviot high

http://www.forexfactory.com/showpost...41&postcount=4
Close gbpchf with -10 pips. I just don't feel very comfortable with some uncertain action here. Rather close the trade with minor loss.
Attached Image (click to enlarge)
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  • #19
  • Feb 13, 2011 7:52pm Feb 13, 2011 7:52pm
Quoting surewin888
Close gbpchf with -10 pips. I just don't feel very comfortable with some uncertain action here. Rather close the trade with minor loss.
I personally reenter short position on gbpchf with VERY tight SL...
Attached Image (click to enlarge)
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  • #20
  • Feb 14, 2011 1:05am Feb 14, 2011 1:05am
Quoting surewin888
I personally reenter short position on gbpchf with VERY tight SL...
http://www.forexfactory.com/search.p...duser&u=165453
gbpchf SL=BreakEven, Currently +45 pips
Attached Image (click to enlarge)
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