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Backing Trades Thru Charts

  • #4,961
  • Jul 9, 2011 10:57am Jul 9, 2011 10:57am
Quoting gta5555
hi coke , in audusd i can c double top in the making which is a trend reversal pattern, and on the other hand there is a flag which is continuation pattern, so when price reaches neckline, should i wait for break of it, or go long at neckline???
Gta Your DT can play a role here if it validates but I'm watching PA at this Bullish confluence, if it gets rejected I may join the Bulls until next Major 78% fib which is at the same time a relevant top that may act as Resistance.

Attached Image (click to enlarge)
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  • #4,962
  • Jul 9, 2011 1:14pm Jul 9, 2011 1:14pm
Quoting thelastcoke

forexchartservices.com contest





there is currently a 4 voucher limit to post in this thread. The limit will be set to none in order for anyone to be able to participate in the contest. The first place will get a $1.200us equivalent prize ($200 cash and 3 month subscription service); second place will get 3 month subscription service and third place will get a month of subscription service.


the rules are very simple:

1. Contest...
this is my call for next week and the contest

Attached Image (click to enlarge)
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Following the current trend
  • #4,963
  • Jul 10, 2011 12:19am Jul 10, 2011 12:19am
Here is my contest 1:

Buy_stop Gbp-Usd at 1.6100;
Stoploss at 1.5845;
Target limit at 1.6955.

Reason: http://www.forexfactory.com/showthre...85#post4726785
Attached Image (click to enlarge)
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  • #4,964
  • Jul 10, 2011 6:48am Jul 10, 2011 6:48am
EUR/GBP Fibs may be stronger than usual

Attached Image (click to enlarge)
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  • #4,965
  • Edited 9:20am Jul 10, 2011 8:56am | Edited 9:20am
Quoting budak baru
hi tlc.both contest triggered.
Hello guys.for contest 1 and contest 3 update.

Sl change to 4526 for both position.

Tp change to 1.3906 for both position.

reason:i assume this is bear market triangle thats means breakout would go south to 1.3906 (fib50 and lower trendline) confluence.happy weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.png Size: 42 KB
Gold Expedition Return This Year: -16.4%
  • #4,966
  • Jul 10, 2011 9:51am Jul 10, 2011 9:51am
Quoting budak baru
Hello guys.for contest 1 and contest 3 update.

Sl change to 4526 for both position.

Tp change to 1.3906 for both position.

reason:i assume this is bear market triangle thats means breakout would go south to 1.3906 (fib50 and lower trendline) confluence.happy weekend.
Update noted, EUR/USD may find a Bump at +- 1.4150's

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d.gif Size: 21 KB
  • #4,967
  • Jul 10, 2011 11:22am Jul 10, 2011 11:22am
Quoting budak baru
Hello guys.for contest 1 and contest 3 update.

Sl change to 4526 for both position.

Tp change to 1.3906 for both position.

reason:i assume this is bear market triangle thats means breakout would go south to 1.3906 (fib50 and lower trendline) confluence.happy weekend.
Later will tell u why i smile ,
One of the reasons U try to Absorb the market in both ways still have buy@4160
U doing good work BTW
  • #4,968
  • Jul 10, 2011 11:56am Jul 10, 2011 11:56am
AUD/NZD

Attached Image (click to enlarge)
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  • #4,969
  • Jul 10, 2011 6:15pm Jul 10, 2011 6:15pm
Quoting 10piptrade
this is my call for next week and the contest

Attachment
Trade triggered buy @1.4197
Following the current trend
  • #4,970
  • Jul 10, 2011 6:18pm Jul 10, 2011 6:18pm
Quoting bioscript
TLC,

Here are two setups you can put me down for in the contest:
Entry 2 was triggered @ 1.4200. Entry 1 is now cancelled.
  • #4,971
  • Jul 10, 2011 7:23pm Jul 10, 2011 7:23pm
Contest Update:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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We have new participants, Good Luck to all!
  • #4,972
  • Jul 11, 2011 2:29am Jul 11, 2011 2:29am
double bottom. buy on break and retest of neckline
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 63 KB
  • #4,973
  • Jul 11, 2011 2:52am Jul 11, 2011 2:52am
Quoting egkid
Later will tell u why i smile ,
One of the reasons U try to Absorb the market in both ways still have buy@4160
U doing good work BTW
i will update my reason soon why i buy for 4460.wait for pa development.good trading
Gold Expedition Return This Year: -16.4%
  • #4,974
  • Jul 11, 2011 3:49am Jul 11, 2011 3:49am
Quoting longshot_nl
eur aud
setup invalidated.
  • #4,975
  • Jul 11, 2011 6:15am Jul 11, 2011 6:15am
oh crap, look like my positions are getting absolute hammered, my stance stays the same, may I move sl again? If possible, I'll move sl of all positions to 1.3800
  • #4,976
  • Jul 11, 2011 6:29am Jul 11, 2011 6:29am
hi guys

i would like to edit my euro take profit trade to 1.37685(fib 38.2 and lower trendline) confluence because bear triangle break.good trading
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.png Size: 44 KB
Gold Expedition Return This Year: -16.4%
  • #4,977
  • Jul 11, 2011 6:33am Jul 11, 2011 6:33am
Quoting budak baru
hi guys

i would like to edit my euro take profit trade to 1.37685(fib 38.2 and lower trendline) confluence because bear triangle break.good trading
Is it allow to change many time TP or SL?
  • #4,978
  • Jul 11, 2011 6:52am Jul 11, 2011 6:52am
Quoting 10piptrade
Trade triggered buy @1.4197
contest 1 buy @1.4197 stop out for 100 pips

contest 2 sell triggeres sell at 1.4090
Following the current trend
  • #4,979
  • Jul 11, 2011 7:05am Jul 11, 2011 7:05am
Quoting bioscript
Entry 2 was triggered @ 1.4200. Entry 1 is now cancelled.
Entry 2 was stopped out @ 1.4065 for a loss of 135 pips.
  • #4,980
  • Edited 8:12am Jul 11, 2011 7:54am | Edited 8:12am
Updates are possible at anytime as long as they are posted BEFORE level is reached. You can trail the SL, take profit before the Initial target, move your TP level, etc.
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