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Backing Trades Thru Charts

  • #5,701
  • Oct 12, 2011 2:55pm Oct 12, 2011 2:55pm
nzd usd daily.
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  • #5,702
  • Oct 12, 2011 3:02pm Oct 12, 2011 3:02pm
cad chf daily.
aqua TL broken, but i like it anyway..
Level seems powerfull.
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  • #5,703
  • Oct 12, 2011 3:09pm Oct 12, 2011 3:09pm
Quoting longshot_nl
eur aud 4h
made a setup from it
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  • #5,704
  • Oct 12, 2011 7:50pm Oct 12, 2011 7:50pm
price action trade?
GBP AUD weekly
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  • #5,705
  • Oct 12, 2011 9:26pm Oct 12, 2011 9:26pm
Quoting TheLastCoke
AUD/JPY 70 Pip Rejection but Doji like formation may be unfavorable.

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AUD/JPY Level broken as expected

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  • #5,706
  • Oct 12, 2011 9:59pm Oct 12, 2011 9:59pm
Quoting TheLastCoke
GBP/JPY

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GBP/JPY Both scenarios played out very nicely, Double Bottom Confirmed and 100 Pip Rejection at Fib.

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  • #5,707
  • Oct 12, 2011 10:24pm Oct 12, 2011 10:24pm
Quoting TheLastCoke
EUR/USD

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Quoting TheLastCoke
EUR/USD Level Tested, 45 Pip Rejection so far

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EUR/USD Level Holding but may not do it for another test.

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  • #5,708
  • Oct 12, 2011 10:30pm Oct 12, 2011 10:30pm
NZD/JPY Chart sent to FCS Members

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70 Pip Rejection so far

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  • #5,709
  • Oct 12, 2011 10:36pm Oct 12, 2011 10:36pm
NZD/USD Also sent to FCS Members

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65 Pip Rejection from Fib level

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  • #5,710
  • Oct 13, 2011 8:22am Oct 13, 2011 8:22am
Quoting TheLastCoke
AUD/CAD Next Resistance level

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AUD/CAD Level Tested & Holding

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  • #5,711
  • Oct 14, 2011 11:16am Oct 14, 2011 11:16am

We provide information charts and setup charts; measuring our performance by Pips or R-multiple may not always reflects the quality of our service because the performance of information charts is not recorded, please see the following examples:


This Performance report reflects 0 pips for last week:


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but observe how we did on information charts for that week:

Quoting TheLastCoke
AUD/JPY Chart sent to FCS Members with October 4th charts.

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265 Pip Rejection so far

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AUD/JPY Perfect Performance on this weekly chart, 720 Pip Rejection so far from our level.


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  • #5,712
  • Oct 14, 2011 11:17am Oct 14, 2011 11:17am
EUR/AUD 200 Pip Rejction on this information chart also sent to FCS members last week.

Quoting TheLastCoke
EUR/AUD This chart was sent yesterday; 75 Pip Rejection so far.

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  • #5,713
  • Oct 14, 2011 11:22am Oct 14, 2011 11:22am

GBP/CHF 340 Pip Rejection when retested our level, it was also sent to FCS Members last week. (Pair is currently retesting it again)


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  • #5,714
  • Oct 14, 2011 11:35am Oct 14, 2011 11:35am

NZD/USD These were an excellent Bearish & Bullish information charts that were also posted here before the fact:


Quoting TheLastCoke
NZD/USD

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Quoting TheLastCoke
NZD/USD Keeps getting rejected, 120 Pips so far.

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Quoting TheLastCoke
NZD/USD

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Quoting TheLastCoke
NZD/USD 130 Pip Rejection so far from level shown.

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We got the very bottom with a few pips as drawdown, it is currently on a 550 Pips Bullish Rally


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  • #5,715
  • Oct 14, 2011 12:11pm Oct 14, 2011 12:11pm
We are committed to provide an excellent service to all members and we believe that our information and setups can be implemented by our clients to help them make better trading decisions.

If you have an excellent Money Management and a basic knowledge on Technical Analysis ………Give us a try, we may help you improve your results.

To see all our previous work, please visit our Performance Report web page section and Download the Zip Folders containing the corresponding charts for the week you want to review.

Have a wonderful weekend!
  • #5,716
  • Oct 14, 2011 12:47pm Oct 14, 2011 12:47pm
Hi Coke,

I was just wondering if you thought this is a promising entry as an H&S on EZ, and how concerned would you be about the tweezer levels marked by the purple lines if you entered? (or how concerned are you generally about those levels on H&S formations?)

Thanks, Steve
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  • #5,717
  • Oct 14, 2011 12:54pm Oct 14, 2011 12:54pm
Quoting stevefx
Hi Coke,

I was just wondering if you thought this is a promising entry as an H&S on EZ, and how concerned would you be about the tweezer levels marked by the purple lines if you entered? (or how concerned are you generally about those levels on H&S formations?)

Thanks, Steve
Hello Steve, It seems to have an acceptable symmetry, I would take the restest IF/WHEN the neck line is broken. If there is a powerful break I wound not worry much about previous bottoms, see how far can it go after the break and then if there is confluence with the 23 or 38% Fib taking the break bottom, that would give us a nice idea where to place the SL. Purple level may be used to manage the trade like setting up the SL to BE or lock in some profit.

See Picture:

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  • #5,718
  • Oct 14, 2011 1:00pm Oct 14, 2011 1:00pm
Quoting TheLastCoke
Hello Steve, It seems to have an acceptable symmetry, I would take the restest IF/WHEN the neck line is broken. If there is a powerful break I wound not worry much about previous bottoms, see how far can it go after the break and then if there is confluence with the 23 or 38% Fib taking the break bottom, that would give us a nice idea where to place the SL. Purple level may be used to manage the trade like setting up the SL to BE or lock in some profit.

See Picture:

Attachment
OK, well understood. Thanks kindly for your help!

-Excellent chart, thanks again, Steve
  • #5,719
  • Oct 14, 2011 1:04pm Oct 14, 2011 1:04pm
Just one further question, if you don't mind.

When the price retests the neckline level, is your entry automatic at the price level, or do you wait a little bit to see and evaluate the reaction? (I mean assuming the confluence set itself up as you proposed)
  • #5,720
  • Oct 14, 2011 1:18pm Oct 14, 2011 1:18pm
Quoting stevefx
Just one further question, if you don't mind.

When the price retests the neckline level, is your entry automatic at the price level, or do you wait a little bit to see and evaluate the reaction? (I mean assuming the confluence set itself up as you proposed)
I usually enter at touch but one may be more conservative and wait for candle confirmation. In this particular case we had a confirmed pattern + TL Retest + 23% Fib, this would be enough reason to enter the trade, like I said, it is a matter of entry styles.
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