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Backing Trades Thru Charts

  • #4,361
  • Mar 10, 2011 7:13am Mar 10, 2011 7:13am
Quoting TheLastCoke
AUD/CAD

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possible cross pair confluence.
I got setup for opposite situation with eur/AUD.
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  • #4,362
  • Mar 10, 2011 7:25am Mar 10, 2011 7:25am
Quoting TheLastCoke
EUR/USD Approaching TL. Confluence lost

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Does this change anything?
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  • #4,363
  • Mar 10, 2011 7:28am Mar 10, 2011 7:28am
Quoting longshot_nl
possible cross pair confluence.
I got setup for opposite situation with eur/AUD.
EUR/AUD Even though Resistance may hold it, I would't recommend to trade against this break

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  • #4,364
  • Mar 10, 2011 8:05am Mar 10, 2011 8:05am
Quoting longshot_nl
Does this change anything?
EUR/USD The AB=CD (D at FE 100%) and 38% Fib were already kind enough to paid the prize, now the next possible turning point may be at the confluence between D (D at FE 161%) and 50% Fib. Hope this helps.

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  • #4,365
  • Mar 10, 2011 8:57am Mar 10, 2011 8:57am
Quoting TheLastCoke
USD/CAD 127% Fib Ext as Support

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USD/CAD Nice 70 Pips rejection so far.

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  • #4,366
  • Mar 10, 2011 9:51am Mar 10, 2011 9:51am
Quoting TheLastCoke
AUD/USD Testing Triangle LTL

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AUD/USD Breaking LTL
  • #4,367
  • Mar 10, 2011 10:21am Mar 10, 2011 10:21am
Quoting TheLastCoke
EUR/USD Approaching TL. Confluence lost

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EUR/USD Testing TL

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  • #4,368
  • Mar 10, 2011 7:22pm Mar 10, 2011 7:22pm
Quoting TheLastCoke
AUD/USD Breaking LTL
AUD/USD Is it a Break or a Trap? Waiting for Validation & Retest to play it ''safer''.

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  • #4,369
  • Mar 10, 2011 7:25pm Mar 10, 2011 7:25pm
Quoting TheLastCoke
AUD/USD Is it a Break or a Trap? Waiting for Validation & Retest to play it ''safer''.
Me too man....I'm watching this pair but I would rather see a retest before commiting to it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,370
  • Mar 10, 2011 7:31pm Mar 10, 2011 7:31pm
Quoting longshot_nl
Does this change anything?
sure.
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  • #4,371
  • Mar 10, 2011 7:33pm Mar 10, 2011 7:33pm
Quoting longshot_nl
sure.
Hello there Longshot, Your AB=CD pattern is wrongly plotted, send me a PM and I'll explain
  • #4,372
  • Mar 10, 2011 7:53pm Mar 10, 2011 7:53pm
Hi there Grand Master Coke!
Funny you mention the "Trap" possibility with this particular currency. In addition to the current area where this may be unfolding, I bet a few traders must have been squeezed out of the fake H & S around end of Nov. as well.

I am watching the 23.6% retrace area which has previously triggered a little reaction, and recently adjusted my TL to consider this scenario. Technically, the only sense I can make of this chart besides the TL & Fib retrace are HL's and barely HH's. I've had a few good intra day Momentum trades on this; but nothing else for now until I can read this more clearly.

btw, this is an Aussie$ Futures chart which is why quotes are different.



Quoting TheLastCoke
AUD/USD Is it a Break or a Trap? Waiting for Validation & Retest to play it ''safer''.

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"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #4,373
  • Edited 8:29pm Mar 10, 2011 8:13pm | Edited 8:29pm
possible EU setup together with my EW count.
My target is below 3, i took the nearest resistance.
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  • #4,374
  • Mar 10, 2011 9:24pm Mar 10, 2011 9:24pm
Quoting TheLastCoke
GBP/CAD SL to BE, Currently +75

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GBP/CAD Setup Closed

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  • #4,375
  • Mar 10, 2011 9:29pm Mar 10, 2011 9:29pm
Quoting TheLastCoke
GBP/CHF

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GBP/CHF High RRR

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  • #4,376
  • Mar 10, 2011 11:24pm Mar 10, 2011 11:24pm
Quoting longshot_nl
possible EU setup together with my EW count.
My target is below 3, i took the nearest resistance.
EUR/USD I guess there is more than one count (See Post#5.) Please post your comments there, I don't want to turn this into an EW discussion here. BTW Zhou please feel free to elaborate.

Thanks
  • #4,377
  • Mar 11, 2011 1:47am Mar 11, 2011 1:47am
GBP/USD

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  • #4,378
  • Mar 11, 2011 2:00am Mar 11, 2011 2:00am
GBP/JPY Testing TL on Daily

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  • #4,379
  • Mar 11, 2011 5:43am Mar 11, 2011 5:43am
EUR/USD SL to BE at TL Retest

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  • #4,380
  • Mar 11, 2011 5:52am Mar 11, 2011 5:52am
AUD/CHF Weak level, Tight SL, high RRR

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