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Backing Trades Thru Charts

  • #6,401
  • Aug 28, 2012 5:40am Aug 28, 2012 5:40am
I draw all my trendlines on the close price, 90% of the time on H4 timeframe.

In this case price rushed up on H4 to close above (at least on my feed). An indication that it wanted to hold it and prevent a bearish signal (retest).

Quoting TheLastCoke
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...
Hello.
  • #6,402
  • Aug 28, 2012 5:41am Aug 28, 2012 5:41am
Quoting TheLastCoke
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...
I thought you were using a line chart but still I get a different one.

Attached Image (click to enlarge)
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  • #6,403
  • Aug 28, 2012 5:51am Aug 28, 2012 5:51am
FxPro feed, gmt+2.

Quoting TheLastCoke
I thought you were using a line chart but still I get a different one.

Attachment
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Hello.
  • #6,404
  • Aug 28, 2012 5:51am Aug 28, 2012 5:51am
Quoting TheLastCoke
I thought you were using a line chart but still I get a different one.

Attachment
Anyway I took a quick 40 out of this one. Thanks for sharing

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  • #6,405
  • Aug 28, 2012 5:55am Aug 28, 2012 5:55am
Quoting emene
FxPro feed, gmt+2.
Haaa OK, I was right then, you were using a line chart for TL's....our feed is different. I use FXCM for charting
  • #6,406
  • Aug 28, 2012 6:01am Aug 28, 2012 6:01am
I use FxPro after I tried a lot of feeds. I find them very reliable. Can spike a bit but I use line charts so all ok.

Quoting TheLastCoke
Haaa OK, I was right then, you were using a line chart for TL's....our feed is different. I use FXCM for charting
Hello.
  • #6,407
  • Aug 28, 2012 6:05am Aug 28, 2012 6:05am
Quoting emene
Previous resistance + 38.2 fib.
Quoting TheLastCoke
AUD/CHF TL may be added as well

Attachment
AUD/CHF is testing your level, I am in already, let's see how this one develops (risk 0.5%)

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  • #6,408
  • Aug 28, 2012 9:12am Aug 28, 2012 9:12am
eur gbp

i am still short gbp aud.
i want to short eur aud.
so i checked eur gbp becouse eur has got to go up against gbp.
i found this.
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  • #6,409
  • Aug 29, 2012 11:20am Aug 29, 2012 11:20am
Quoting TheLastCoke
AUD/CHF is testing your level, I am in already, let's see how this one develops (risk 0.5%)

Attachment
AUD/CHF Showing no rejection. Closing this one out

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  • #6,410
  • Aug 30, 2012 7:52am Aug 30, 2012 7:52am
Quoting stevefx
Pending Buy GU @ 5763. Channel bottom, 38% retrace, hidden bullish divergence (h4). 195 point TP, 24 point SL + Spread.
Closed this one out +100. I know I said 195 but 76% + UTL confluence no fun for holding more.
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  • #6,411
  • Aug 30, 2012 3:59pm Aug 30, 2012 3:59pm
Quoting stevefx
Closed this one out +100. I know I said 195 but 76% + UTL confluence no fun for holding more.
Congrats, very nice trade Steve!!!
  • #6,412
  • Aug 30, 2012 4:01pm Aug 30, 2012 4:01pm
Quoting TheLastCoke
AUD/USD

Attachment
AUD/USD Approaching entry

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  • #6,413
  • Aug 30, 2012 4:27pm Aug 30, 2012 4:27pm
Quoting TheLastCoke
AUD/CAD

Attachment
AUD/CAD Has been hoovering around entry the whole day. SL moved to -10 pips

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  • #6,414
  • Aug 30, 2012 11:07pm Aug 30, 2012 11:07pm
Quoting TheLastCoke
EUR/AUD

Attachment
EUR/AUD Setup Closed

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  • #6,415
  • Aug 31, 2012 7:04am Aug 31, 2012 7:04am
Quoting TheLastCoke
AUD/CAD Has been hoovering around entry the whole day. SL moved to -10 pips

Attachment
AUD/CAD Perfect performance so far

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  • #6,416
  • Sep 2, 2012 1:24pm Sep 2, 2012 1:24pm
EUR/USD Tested a strong confluence level that may take price to LTL (yellow). If LTL gets broken, it will validate the Rising Wedge.

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  • #6,417
  • Sep 2, 2012 4:50pm Sep 2, 2012 4:50pm
Quoting TheLastCoke
Congrats, very nice trade Steve!!!
Thanks Gabriel-Confluences do work!
  • #6,418
  • Sep 2, 2012 5:38pm Sep 2, 2012 5:38pm
my view on silver
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  • #6,419
  • Sep 2, 2012 7:29pm Sep 2, 2012 7:29pm
USD/CHF Bearish Confluence worked to the pip, let's see how Bulls are gonna do it if the level is reached.

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  • #6,420
  • Sep 3, 2012 8:28am Sep 3, 2012 8:28am
Quoting TheLastCoke
GBP/USD This might be an interesting level to watch if/when reached. Support will be in confluence with major TL this time.

Attachment
GBP/USD Previous Bullish Confluence worked excellent, it is now approaching UTL where Bears may try to step in.

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