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Backing Trades Thru Charts

  • #6,281
  • Jun 22, 2012 8:02am Jun 22, 2012 8:02am
Quoting Chanya
Another question ... I have been observing this chart and can't help but wonder , based on what have you moved you stop loss there ??? Or more simply , what method do you use to trail you stops ??? I trail my stops at the break of a snr level .
OK, look at the blue line, see how many times the level acted as support, now that it is broken it was used as resistance (the SL was above that level). Futhermore, the trade was about 1/2 of total target, that rings a bell to lock at least 1/4 of the intended profit.

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Usually but based mostly on S&R or Candle Open/Close the SL is move as follow:

To BE when 1/4 of TP is met or the same amount of SL is met
1/4 when 1/2 is met
1/2 when 3/4 is met
  • #6,282
  • Jun 22, 2012 8:12am Jun 22, 2012 8:12am
Quoting Chanya
How is this for a confluence trade ??

1 ) PPZ level

2 ) Hidden divergence

3 ) Fib 50

4 ) EMA 150 & 365 + 200 SMA
AUD/JPY I had the level based on 200SMA + 50% Fib.

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It was cancelled because I didn't like the second consecutive test with a HH, it may still work but I rather stay out of this one.

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  • #6,283
  • Jun 24, 2012 6:41pm Jun 24, 2012 6:41pm
Quoting longshot_nl
eur nzd daily
Daily
am still bullish eur NZD, i am trying to find a target.
i particulary like this 200 SMA which would make the 50% fib a turning point.

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4h
My EW count for the pair with the possible 50% fib turning point.

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  • #6,284
  • Jun 24, 2012 8:46pm Jun 24, 2012 8:46pm
Quoting longshot_nl
Daily
am still bullish eur NZD, i am trying to find a target.
EUR/NZD We are wating to join Bulls at previous bottom

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  • #6,285
  • Jun 25, 2012 4:11am Jun 25, 2012 4:11am
Quoting TheLastCoke
EUR/NZD We are wating to join Bulls at previous bottom
thank you for your view.
TL isn't broken inverted H&S isn't completed.
just waiting now.
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  • #6,286
  • Jun 25, 2012 6:26am Jun 25, 2012 6:26am
Quoting TheLastCoke
AUD/USD Triggered. This setup was previously sent to our FCS members.

Attachment

Attachment
Quoting TheLastCoke
AUD/USD SL to +130

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AUD/USD SL to +160

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  • #6,287
  • Jun 25, 2012 6:37am Jun 25, 2012 6:37am
NZD/JPY It may give some rejection but we are flat at this level

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  • #6,288
  • Jun 25, 2012 7:58pm Jun 25, 2012 7:58pm
Quoting TheLastCoke
NZD/JPY It may give some rejection but we are flat at this level

Attachment
NZD/JPY Showing minor rejection

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  • #6,289
  • Jun 26, 2012 4:40pm Jun 26, 2012 4:40pm
Quoting TheLastCoke
EUR/NZD We are wating to join Bulls at previous bottom

Attachment
EUR/NZD Broke range with a nice LL

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  • #6,290
  • Edited 6:44pm Jun 26, 2012 5:54pm | Edited 6:44pm
Quoting TheLastCoke
EUR/NZD Broke range with a nice LL

Attachment
thanks for update.
30m candles but 200 SMA seems to work at times.

previous support, 200 SMA and TL could mean continuation.

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my long term EW count (weekly).
according to this we are in wave 1 of wave 5 of a C wave.

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  • #6,291
  • Jun 26, 2012 6:31pm Jun 26, 2012 6:31pm
NZD/CHF

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  • #6,292
  • Jun 27, 2012 6:28am Jun 27, 2012 6:28am
Quoting TheLastCoke
NZD/CHF

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NZD/CHF Setup Closed

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  • #6,293
  • Jun 27, 2012 8:13am Jun 27, 2012 8:13am
Please feel free to review our previous work http://forexchartservices.com/forum/...pid=990#pid990
  • #6,294
  • Jun 27, 2012 4:35pm Jun 27, 2012 4:35pm
Quoting TheLastCoke
NZD/CHF Setup Closed

Attachment
NZD/CHF Perfect PA interpretation. Is not always about finding a good setup but when to step out as well. All our chart/decisions are based 100% on objective information.

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  • #6,295
  • Jun 28, 2012 6:29pm Jun 28, 2012 6:29pm
GBP/JPY

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  • #6,296
  • Jun 28, 2012 9:06pm Jun 28, 2012 9:06pm
GBP/USD

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  • #6,297
  • Jun 28, 2012 9:39pm Jun 28, 2012 9:39pm
We've sent to our FCS members 7 new setups with today's files, here are the Quick Notes:

AUD/CAD Resistance + Fib, NEW
AUD/CHF TL + Resistance + Round Number, NEW
AUD/JPY Bullish PAttern + Fib, NEW
AUD/NZD Resistance holding
AUD/USD Bullish Pattern + Round Number + Support,NEW
CAD/CHF Rejected at Resistance
CAD/JPY Retracement made
EUR/AUD LL made
EUR/CAD Unable to make a LL
EUR/JPY Ranging
EUR/NZD Retracement made
EUR/USD Bullish Pattern + Round Number, NEW
GBP/AUD Within range
GBP/JPY LL made
GBP/NZD Reversal pattern, waiting for confirmation, NEW
GBP/USD High Bullish Confluence, NEW
NZD/CAD Approaching previous high
NZD/USD SMA confluence still valid

Best Regards,
FCS Team
  • #6,298
  • Jun 29, 2012 1:07am Jun 29, 2012 1:07am
Quoting TheLastCoke
GBP/USD

Attachment
GBP/USD Pattern symmetry is lost, disregard setup
  • #6,299
  • Jul 1, 2012 11:44am Jul 1, 2012 11:44am
EUR/USD Level to watch for this week

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  • #6,300
  • Jul 1, 2012 12:20pm Jul 1, 2012 12:20pm
Quoting TheLastCoke
GBP/USD Making a HH

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GBP/USD Approaching same level again but we'll be flat this time

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