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Looking For Trade Opportunities in Any Pair

  • #21
  • May 31, 2012 6:27am May 31, 2012 6:27am
Keep an eye on this. This pair is on a HUGE support. So good for a big rebound or break!
Attached Image (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #22
  • May 31, 2012 6:47am May 31, 2012 6:47am
This is a good symmetry with head and shoulders... But in this draw I am not touching again the neckline. So there is three paths:

1. Now rebound.
2. Touch the neckline and rebound
3. Break the support and neckline

So first watch then act
Attached Image (click to enlarge)
Click to Enlarge Name: 31.05.12.daily.png Size: 50 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #23
  • May 31, 2012 7:38am May 31, 2012 7:38am
The support is almost done. So here are the paths could follow...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 31.05.12.1d.png Size: 48 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #24
  • May 31, 2012 7:48am May 31, 2012 7:48am
After the break of the triangle, this pair is on a HUGE support...
Attached Image (click to enlarge)
Click to Enlarge Name: 31.05.12.daily.png Size: 48 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #25
  • May 31, 2012 1:10pm May 31, 2012 1:10pm
I took some profits in one position and then I opened other more higher. If everything continues as I am thinking I will close all @1.265/1.260, but could be done right now (@1.267) and then this (chart). Obviously if the market doesnt crack 1.260/1.258...
Attached Image (click to enlarge)
Click to Enlarge Name: ea.31.05.12.PNG Size: 41 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #26
  • May 31, 2012 1:27pm May 31, 2012 1:27pm
H&S RSI CONFIRMATION. Look the first shoulder diverges with the head. Let see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: eaconfirmacion.PNG Size: 54 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #27
  • Jun 3, 2012 2:09pm Jun 3, 2012 2:09pm
Hi Guys,

I am new here, hope u guys don't mind. I am learning from experts.
  • #28
  • Jun 5, 2012 3:35am Jun 5, 2012 3:35am
Quoting Bomi
Hi Guys,

I am new here, hope u guys don't mind. I am learning from experts.
Welcome Bomi, in this forex community. If you have any query then you can asks here experienced member will assist you.
  • #29
  • Jun 5, 2012 4:32am Jun 5, 2012 4:32am
Hi, Im a new member, i made some silly mistakes so far and i'm looking for a simple trading strategy that doesnt involve purchasing expensive charting tools and systems, or does one exist? i have been trading the eur/usd only.
  • #30
  • Jun 9, 2012 1:27pm Jun 9, 2012 1:27pm
Quoting Scallywag
Hi, Im a new member, i made some silly mistakes so far and i'm looking for a simple trading strategy that doesnt involve purchasing expensive charting tools and systems, or does one exist? i have been trading the eur/usd only.
don't rely on system. it's you. tools are there to help you. don't let it drive you.
  • #31
  • Jun 9, 2012 2:20pm Jun 9, 2012 2:20pm
Quoting Scallywag
Hi, I'm a new member, i made some silly mistakes so far and I'm looking for a simple trading strategy that doesn't involve purchasing expensive charting tools and systems, or does one exist? i have been trading the eur/usd only.
Just keep practicing using different indicators till you find the ones you are most comfortable with. Then when you find them you are now ready to come up with your own strategies. Coming up with your own strategies will come natural its like a light bulb moment eureka moment. Then you must set rules or else your strategy wont work efficiently, the rules will change or be modified as you get use to your new strategy. But most importantly you have to take your time and keep on practicing, the learning curve is 3 years.
  • #32
  • Jun 13, 2012 3:36am Jun 13, 2012 3:36am
Quoting Luis Carlos

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.
Thanks to share these techniques. I have been used some techniques but rest will use now.
  • #33
  • Jun 15, 2012 10:09am Jun 15, 2012 10:09am
The h&s was a success.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eaconfirmacion.PNG Size: 54 KB
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34
  • Jun 15, 2012 10:23am Jun 15, 2012 10:23am
860 pips break!!!
Attached Image(s) (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #35
  • Jun 15, 2012 11:28am Jun 15, 2012 11:28am
Nice trade Luis, did you catch it? How long that take? its a chachinger
"Millionaires don't use astrology, billionaires do"
  • #36
  • Jun 15, 2012 11:37am Jun 15, 2012 11:37am
Quoting OrionsWay
Nice trade Luis, did you catch it? How long that take? its a chachinger
I catched Aussie dollar, I did not catch the GN I was concentrated in other pairs. Just 15 trading days to move 860 pips..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37
  • Jul 1, 2012 1:59pm Jul 1, 2012 1:59pm
Hey Carlos, what do you think of this EW drawing on the Daily EUR/USD? I know you talk about EW a lot and I don't even know what H&S is lol
How does one know when a wave is ending? The only things I know about EW are what I read on babypips.com at the school of pipsology :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: EW idea Jun 30.png Size: 58 KB

If this is correct, we are now in the A portion of an ABC correction. Thoughts?
Thanks and happy 4th of July!

-PW
Do what you are afraid to do -Emerson
  • #38
  • Last Post: Jul 1, 2012 3:17pm Jul 1, 2012 3:17pm
Quoting Pip_Warrior
Hey Carlos, what do you think of this EW drawing on the Daily EUR/USD? I know you talk about EW a lot and I don't even know what H&S is lol
How does one know when a wave is ending? The only things I know about EW are what I read on babypips.com at the school of pipsology :nerd:
Attachment
If this is correct, we are now in the A portion of an ABC correction. Thoughts?
Thanks and happy 4th of July!

-PW
Hi man:

If you want to know more you can download a book here: http://www.forexfactory.com/showthread.php?t=369574

You are right to say that could be a A portion, but also could be the beginning of wave C or the correction is done. The problem with EW is you dont know exactly when the wave finishs. You can have some targets, but you dont know which one is the big one.

The wave 2 you have drew is not good wave 2 cannot be a wedge!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
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