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Backing Trades Thru Charts

  • #6,201
  • May 9, 2012 10:37am May 9, 2012 10:37am
Quoting Chanya
You are amazing coke . I wish I could vouch for u !!! Plz tell me the source from where I should start learning all this stuff ? What do you usually recommend to the people ??
Thank you Chanya.

There are no magic systems or secret methods, It is just a matter of confluence, I bet you already know how to plot Fibs, MA’s, TL’s, Channels, find S&R etc. Just try to combine them into the same level, then you‘ll have your PRZ. A good setup is just piece of the trading puzzle, RRR and a Conservative MM makes the whole.

Happy Trading!
  • #6,202
  • May 9, 2012 11:43pm May 9, 2012 11:43pm
AUD/JPY

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  • #6,203
  • May 10, 2012 6:16pm May 10, 2012 6:16pm
NZD/CAD

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  • #6,204
  • May 10, 2012 7:22pm May 10, 2012 7:22pm
Please visit our BLOG
  • #6,205
  • May 12, 2012 1:49pm May 12, 2012 1:49pm
Hi , I have a question . Your 200 SMA does not match mine ... Is it just simply ' 200 SMA ' of yours or something different ? Below are two charts that shows mine compared to yours !!!
Attached Image(s) (click to enlarge)
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Human
  • #6,206
  • May 13, 2012 8:08am May 13, 2012 8:08am
Quoting Chanya
Hi , I have a question . Your 200 SMA does not match mine ... Is it just simply ' 200 SMA ' of yours or something different ? Below are two charts that shows mine compared to yours !!!
Hello Chanya, it is a simple MA apply to close.
Keep in mind:
Solid red line: entry
Dotted red line: SL
Dotted green line: TP
Blue area: SL to BE
  • #6,207
  • Edited 5:05am May 14, 2012 4:50am | Edited 5:05am
TLC. How have you been?

It's been LONG time since I've posted anything (read: it's been a long time since I've done any manual trading), but I have a slightly different outlook on the CHFJPY. Ignore the cycle lines. They're there for a different purpose altogether, but I see an AB=CD pattern coming up at a point at which there is a LOT of potential points for a reversal. Here goes:

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Click to Enlarge Name: AB=CD CHFJPY.png Size: 121 KB
Every time you use 'hopium' in a post, God kills a kitten.
  • #6,208
  • May 14, 2012 6:06am May 14, 2012 6:06am
Quoting profxtrader
TLC. How have you been?

It's been LONG time since I've posted anything (read: it's been a long time since I've done any manual trading), but I have a slightly different outlook on the CHFJPY. Ignore the cycle lines. They're there for a different purpose altogether, but I see an AB=CD pattern coming up at a point at which there is a LOT of potential points for a reversal. Here goes:

Attachment
Hello there, nice to see you again. The CHF/JPY chart was posted here on May 4th:

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We sent a new setup on May 10th:

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I used the last swing for the AB=CD, therefore the symmetry is lost for D at 100% (IMHO). We are waiting for the same level actually.

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  • #6,209
  • May 14, 2012 6:19am May 14, 2012 6:19am
Quoting TheLastCoke
We are waiting for the same level actually.
I didn't see that. I don't browse well . Well good thing. It's always good to have the master of all chartists agree.
Every time you use 'hopium' in a post, God kills a kitten.
  • #6,210
  • May 14, 2012 8:15am May 14, 2012 8:15am
Some confluence : channel + 78.6 fib + previous resistance.
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Hello.
  • #6,211
  • May 14, 2012 6:36pm May 14, 2012 6:36pm
Feel free to contact me: BB PIN barcode

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30f78f53
  • #6,212
  • May 14, 2012 6:49pm May 14, 2012 6:49pm
Quoting emene
Some confluence : channel + 78.6 fib + previous resistance.
EUR/USD Thanks for sharing, I got something similar.

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This chart was sent to FCS members on May 10th
  • #6,213
  • May 15, 2012 7:41am May 15, 2012 7:41am
AUD/USD Currently + 60. This setup was sent to FCS member on May 7th

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  • #6,214
  • May 15, 2012 7:45am May 15, 2012 7:45am
Quoting TheLastCoke
EUR/USD Thanks for sharing, I got something similar.

Attachment

Attachment

This chart was sent to FCS members on May 10th
EUR/USD Disregard Setup
  • #6,215
  • May 15, 2012 8:01am May 15, 2012 8:01am
Quoting TheLastCoke
EUR/USD Disregard Setup
EUR/USD made a 60 pip retracement just before our entry level, it may try to print a LL now or possible break, reason why this setup is cancelled

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  • #6,216
  • May 15, 2012 8:08am May 15, 2012 8:08am
Quoting TheLastCoke
EUR/USD made a 60 pip retracement just before our entry level, it may try to print a LL now or possible break, reason why this setup is cancelled

Attachment
EUR/USD For better view

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  • #6,217
  • May 15, 2012 8:38am May 15, 2012 8:38am
NZD/CAD

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  • #6,218
  • May 15, 2012 8:45am May 15, 2012 8:45am
I keep the thread updated as much as possible but just in case a setup follow up is missing, please send me a PM
  • #6,219
  • May 15, 2012 10:07am May 15, 2012 10:07am
To review previous work please visit our site.
  • #6,220
  • May 15, 2012 5:29pm May 15, 2012 5:29pm
I hate to beat a dead horse with my CHFJPY analysis but in light of the perfectness of this setup I must (die horse die!!!).

Now, I'm no Elliott Wave practitioner. I only use it in the most rudimentary sense, but the basic structure is a 5 wave impulse followed by a 3 wave correction. It couldn't be more clear. Look at this beautiful thing!

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The AB=CD pattern I posted yesterday should complete today. It's also the ABC correction in the Elliott Wave structure. I don't bet the farm on many trades, but this one will be getting a decent chunk of risk capital attached to it.

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And just so everyone knows, if this thing completes on time, exactly as I've laid out, I will have impressed even myself
Every time you use 'hopium' in a post, God kills a kitten.
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