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Backing Trades Thru Charts

  • #6,381
  • Aug 23, 2012 2:49pm Aug 23, 2012 2:49pm
Quoting emene
Previous resistance + 38.2 fib.
AUD/CHF TL may be added as well

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  • #6,382
  • Aug 23, 2012 2:50pm Aug 23, 2012 2:50pm
Quoting emene
Previous resistance + 38.2 fib.
Definitely a place to look for ...
Human
  • #6,383
  • Aug 23, 2012 2:58pm Aug 23, 2012 2:58pm
EUR/AUD

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  • #6,384
  • Aug 23, 2012 3:03pm Aug 23, 2012 3:03pm
Quoting TheLastCoke
GBP/AUD

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GBP/AUD Approaching entry

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  • #6,385
  • Aug 24, 2012 9:50am Aug 24, 2012 9:50am
Quoting TheLastCoke
GBP/AUD Approaching entry

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GBP/AUD If you got into this trade, it is time to move your SL to BE

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  • #6,386
  • Aug 24, 2012 10:01am Aug 24, 2012 10:01am
Quoting TheLastCoke
GBP/AUD If you got into this trade, it is time to move your SL to BE

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Yup . Moving to be now is a good idea because it won't be a long runner according to me ...
1.5167 or 1.5118 max ... Lets see ...
Human
  • #6,387
  • Aug 24, 2012 10:10am Aug 24, 2012 10:10am
Quoting Chanya
Yup . Moving to be now is a good idea because it won't be a long runner according to me ...
1.5167 or 1.5118 max ... Lets see ...
this is what i think.
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  • #6,388
  • Aug 24, 2012 10:20am Aug 24, 2012 10:20am
Quoting longshot_nl
this is what i think.
Maybe you are right , may be not ... The way I trade , I move to BE very fast so almost all of my trades are free trades and rarely loss ... SO , maybe my buys at the levels I said turn out to be BE and I may enter short again .. Only time will tell ...
Regards
Human
  • #6,389
  • Aug 24, 2012 11:56am Aug 24, 2012 11:56am
Pending Sell on GJ @ 124.63.

Reasons: 76% retrace on the day, previous SR, descending TL.

Target 123.93. Risk 14 points + spread.
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  • #6,390
  • Aug 26, 2012 7:58am Aug 26, 2012 7:58am
Hello last coke ... How are you ...???

I have seen that you figure out the entry level but , if price does not trigger your entry and reverses from very close by , you disregard the setup ... How does that work ??? I mean , what is the logic behind it ???
Human
  • #6,391
  • Aug 26, 2012 4:19pm Aug 26, 2012 4:19pm
Pivot line + 38.2 fib + trendline (warning, I do not draw my trendlines the same way as TLC does).
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Hello.
  • #6,392
  • Aug 26, 2012 11:07pm Aug 26, 2012 11:07pm
Quoting TheLastCoke
EUR/USD Level to watch for this week

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EUR/USD TL Confluence lost

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  • #6,393
  • Aug 26, 2012 11:22pm Aug 26, 2012 11:22pm
AUD/CAD

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  • #6,394
  • Aug 27, 2012 11:44am Aug 27, 2012 11:44am
Pending Buy GU @ 5763. Channel bottom, 38% retrace, hidden bullish divergence (h4). 195 point TP, 24 point SL + Spread.
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  • #6,395
  • Aug 27, 2012 3:29pm Aug 27, 2012 3:29pm
Quoting Chanya
Hello last coke ... How are you ...?

I have seen that you figure out the entry level but , if price does not trigger your entry and reverses from very close by , you disregard the setup ... How does that work ? I mean , what is the logic behind it ?
Hello Chanya,

This thread is about posting potential setups BEFORE they reach the entry point (Backing Trades), our job is not only finding confluence points but understand how these levels are REACHED (PA interpretation). Each case is different, that is way, you may want to see a few of the hundreds setups to fully understand how price react to those levels on first, second or even third test. Anyhow if you want to discuss a particular setup, please feel free to do so at http://www.forexfactory.com/showthread.php?t=329388 meanwhile here are just a few examples when the setups have been cancelled and reason behind it.

Cheers!
Gabe

Quoting TheLastCoke
AUD/USD The retracement made was quickly rejected by Bulls, this may indicate a break. Please disregard setup

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Quoting TheLastCoke
EUR/USD Again, this current retracement made me step out. Missed the entry for just a few.

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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

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Quoting TheLastCoke
EUR/JPY I'd like to see the test without any other major retracement

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Quoting TheLastCoke
EUR/AUD Approaching entry level but a significant retracement may void the setup.

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Quoting TheLastCoke
EUR/USD We didn't like the retracement just before the level but it is showing a nice rejection

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Quoting TheLastCoke
EUR/USD February 29th top is holding it for now, if we get a test without any major retracement, this level may give us an entry.

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Quoting TheLastCoke
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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  • #6,396
  • Aug 27, 2012 7:11pm Aug 27, 2012 7:11pm
Quoting TheLastCoke
EUR/AUD

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EUR/AUD Previous top is holding but poor rejection may indicate a break

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  • #6,397
  • Aug 27, 2012 7:16pm Aug 27, 2012 7:16pm
AUD/USD

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  • #6,398
  • Aug 28, 2012 5:30am Aug 28, 2012 5:30am
Quoting TheLastCoke
EUR/AUD Previous top is holding but poor rejection may indicate a break

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EUR/AUD Previous top is broken as expected. It might get to our entry later on today

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  • #6,399
  • Aug 28, 2012 5:32am Aug 28, 2012 5:32am
So far 15 pip drawdown for a 49 pip rejection.

Quoting emene
Pivot line + 38.2 fib + trendline (warning, I do not draw my trendlines the same way as TLC does).
Hello.
  • #6,400
  • Aug 28, 2012 5:38am Aug 28, 2012 5:38am
Quoting emene
Pivot line + 38.2 fib + trendline (warning, I do not draw my trendlines the same way as TLC does).
Hello there Emene, I am trying to find out how did you plot the ascending TL that is in confluence with the 38% fib? I got a break and retest on that one...
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