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Looking For Trade Opportunities in Any Pair

  • #1
  • First Post: May 27, 2012 10:46pm May 27, 2012 10:46pm
I hope you like this thread and use it to work together.

The idea is just look for trading opportunities in any pair and show them to everyone, but there is some conditions you must respect.

1. Anytime you see a trade opportunity you must post a chart and tell us why you think that is a trade opportunity.

2. You must use timeframes up or equal 1 hour only.

3. You must use these techniques to post a trade opportunity:

a. Trendlines
b. Resistances
c. Supports
d. Fibonacci
e. Head and Shoulders (use RSI to confirm)
f. Triangles
g. Flags
h. Wedges
i. Symmetries
j. Ws
k. Double and Triple tops or bottoms

No more.
That is it. Enjoy the thread.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #2
  • May 27, 2012 10:59pm May 27, 2012 10:59pm
This call I made last week. I am in on 1.30. That is a good resistance, it was tested as support three times before.

Then we have a trendline support good for rebound or break, now is break give us some shorts opportunities. I recommended the short @1.2835 restesting the support.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #3
  • May 27, 2012 11:06pm May 27, 2012 11:06pm
This is the daily chart. Look the pair found double support. So keep an eye to look maybe to make a shoulder on 0.782 or break the support toward 0.715.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4
  • May 27, 2012 11:18pm May 27, 2012 11:18pm
Look this nice pair how is testing a great support ready to break or rebound (@2.06).

So this is the general idea of the thread. We always concentrate in a few pairs and miss a lot of opportunities.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5
  • May 27, 2012 11:25pm May 27, 2012 11:25pm
Oil tested a huge support now is rebounding.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #6
  • May 27, 2012 11:35pm May 27, 2012 11:35pm
I popped a dot on my daily, so I entered, will post an update on the GBP/NZD in a few days! My ideal entry would of been on the 23rd when the market started to head down on the H4, but I missed it, no probs!
Statistical Probability
  • #7
  • May 27, 2012 11:54pm May 27, 2012 11:54pm
The pair return from the trendline resistance now is testing a support. Broken the support the pair could reach 1.63
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8
  • May 28, 2012 9:27am May 28, 2012 9:27am
This daily chart is testing a good support. We could go to 102 repeating the last pattern in the circle or break the support to 0.97.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9
  • May 28, 2012 9:31am May 28, 2012 9:31am
Quoting Joel Dollar
I popped a dot on my daily, so I entered, will post an update on the GBP/NZD in a few days! My ideal entry would of been on the 23rd when the market started to head down on the H4, but I missed it, no probs!
Great Joel! Waiting for your chart.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10
  • May 28, 2012 9:08pm May 28, 2012 9:08pm
I am looking for a triangle in the 1h chart. White one is done, and we just wait a break above. Yellow one need more leg down to be complete. Be sure that the market respects the triangle lines to get long. If the market doesnt respect a trendline doesnt do anything. Rememer that e wave could penetrate some the trendline before go higher.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #11
  • May 28, 2012 9:29pm May 28, 2012 9:29pm
If we cant hold 1.25, using fib my targets are 1.218 and 1.200, then a correction a least 1.262 last support.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #12
  • May 29, 2012 1:59pm May 29, 2012 1:59pm
Quoting Luis Carlos
I am looking for a triangle in the 1h chart. White one is done, and we just wait a break above. Yellow one need more leg down to be complete. Be sure that the market respects the triangle lines to get long. If the market doesnt respect a trendline doesnt do anything. Rememer that e wave could penetrate some the trendline before go higher.
The yellow one is still good. So to confirm to go long you must see something like I drew in the chart.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #13
  • May 29, 2012 2:12pm May 29, 2012 2:12pm
We need to close the day to confirm the break of 1.25. If that happens my next target should be 1.243. Until now I am expecting a target to 1.218, if something happens i will change the target.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #14
  • May 29, 2012 3:09pm May 29, 2012 3:09pm
Quoting Luis Carlos
We need to close the day to confirm the break of 1.25. If that happens my next target should be 1.243. Until now I am expecting a target to 1.218, if something happens i will change the target.
What an excellent thread.Keep up the good job . I will also contribute my own trading ideas and we all profit together
With patience and discipline,you move beyond the sky
  • #15
  • May 29, 2012 3:47pm May 29, 2012 3:47pm
What trading package/software are you using?
Egyptian and proud of it!
  • #16
  • May 29, 2012 4:02pm May 29, 2012 4:02pm
Quoting biodunola07
What an excellent thread.Keep up the good job . I will also contribute my own trading ideas and we all profit together
Thank you man, I am waiting to see your ideas.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #17
  • May 29, 2012 4:06pm May 29, 2012 4:06pm
Quoting g-dogg
What trading package/software are you using?
Hi dogg, I use tradestationII from FXCM
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #18
  • Edited 11:12am May 30, 2012 9:31am | Edited 11:12am
Quoting Luis Carlos
The yellow one is still good. So to confirm to go long you must see something like I drew in the chart.
The triangle break to the other side. This is the correct count.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #19
  • May 30, 2012 10:36am May 30, 2012 10:36am
Quoting Luis Carlos
The triangle break to the other side. This is the correct count.
Which Pair is this? Nice job spotting that triangle!
Do what you are afraid to do -Emerson
  • #20
  • May 30, 2012 11:14am May 30, 2012 11:14am
Quoting Pip_Warrior
Which Pair is this? Nice job spotting that triangle!
oh! I forgot to put USD.JPY, It was my mistake doesnt call to the downside, I didnt make the EW. TY.
Stocktwit: LuisCarlos - twitter: @lcparodi
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