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Backing Trades Thru Charts

  • #6,421
  • Sep 10, 2012 6:42am Sep 10, 2012 6:42am
Hey TLC

Take a look at USD/NOK - been watching this one for some short action. Weekly trend line break, now retouching.
Dr. C
  • #6,422
  • Sep 10, 2012 4:26pm Sep 10, 2012 4:26pm
Hello Coke , How do you like this as a trade ???
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Human
  • #6,423
  • Sep 11, 2012 4:36pm Sep 11, 2012 4:36pm
Quoting Chanya
Hello Coke , How do you like this as a trade ???
Hello Chanya, IMHO the entry was missed already, 61% Fib + Previous Top was a nice confluence, a second consecutive test to your TL may indicate a break.
  • #6,424
  • Sep 11, 2012 4:41pm Sep 11, 2012 4:41pm
EUR/USD

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  • #6,425
  • Sep 11, 2012 11:00pm Sep 11, 2012 11:00pm
Eur/Nzd. 38% + TL + 200 EMA on H4. Long @ 1.5546. Not too much previous S/R at level, but does show a previous bounce then a long bar after the break.
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  • #6,426
  • Sep 12, 2012 1:54pm Sep 12, 2012 1:54pm
Quoting cvcamper
Hey TLC

Take a look at USD/NOK - been watching this one for some short action. Weekly trend line break, now retouching.
USD/NOK Nice catch CV, text book TL Break & Retest. Your TP may be around 78% Fib that is in confluence with previous bottom

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  • #6,427
  • Sep 12, 2012 1:55pm Sep 12, 2012 1:55pm
Quoting TheLastCoke
EUR/USD

Attachment
EUR/USD -1%. Took me out but let's see if it can close abot UTL
  • #6,428
  • Sep 12, 2012 1:59pm Sep 12, 2012 1:59pm
Quoting stevefx
Eur/Nzd. 38% + TL + 200 EMA on H4. Long @ 1.5546. Not too much previous S/R at level, but does show a previous bounce then a long bar after the break.
EUR/NZD Very nice confluence level, thanks for sharing!
  • #6,429
  • Sep 12, 2012 2:02pm Sep 12, 2012 2:02pm
Quoting TheLastCoke
GBP/USD Previous Bullish Confluence worked excellent, it is now approaching UTL where Bears may try to step in.

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GBP/USD Level tested but a second test with a HH may be expected

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  • #6,430
  • Sep 13, 2012 8:47pm Sep 13, 2012 8:47pm
Quoting TheLastCoke
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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approaching entry
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  • #6,431
  • Sep 13, 2012 9:19pm Sep 13, 2012 9:19pm
Shorting EJ in the area of 100.90. Have pendings higher at 101.04. Stops at 101.32.

Reasons: 200EMA + UTL + Round Number + 50% fib

Taking a couple of partials a bit early in case the Asians decide to play it cool and not put price right into the confluence area, as they sometimes will.

TP Min 99.86. Let's see how it goes..
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  • #6,432
  • Sep 13, 2012 9:23pm Sep 13, 2012 9:23pm
Quoting longshot_nl
approaching entry
hopefully cross pair confluence with my EU....

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long term view:

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  • #6,433
  • Sep 13, 2012 9:47pm Sep 13, 2012 9:47pm
Quoting TheLastCoke
EUR/NZD Very nice confluence level, thanks for sharing!
Sure Thing TLC, too bad that one didn't quite come together. Sizable bounce at prior demand threw a wrench in the works..May still go from the TL, or maybe scrape underneath and go, but I'm not trading it.

Tomorrow I may wake up wishing I'd swapped my EJ short for my EZ long.., and not the other way around That's the nature of the beast I guess...
  • #6,434
  • Sep 14, 2012 10:32am Sep 14, 2012 10:32am
Quoting TheLastCoke
USD/NOK Nice catch CV, text book TL Break & Retest. Your TP may be around 78% Fib that is in confluence with previous bottom

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Thanks for helping me nail the exit!
Dr. C
  • #6,435
  • Sep 17, 2012 6:46pm Sep 17, 2012 6:46pm
AUD/CHF

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  • #6,436
  • Sep 20, 2012 3:59pm Sep 20, 2012 3:59pm
USD/CHF BEFORE:

Quoting TheLastCoke
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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USD/CHF AFTER: SL to BE, 70 Pip Rejection

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  • #6,437
  • Sep 24, 2012 7:45am Sep 24, 2012 7:45am
GBP/USD This setup was sent to our FCS Members on September 18th

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Currently +110 pips

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  • #6,438
  • Sep 24, 2012 7:50am Sep 24, 2012 7:50am
Quoting TheLastCoke
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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USD/CHF Developing nicely, currently +95 pips

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  • #6,439
  • Sep 28, 2012 7:37am Sep 28, 2012 7:37am
EUR/JPY

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  • #6,440
  • Sep 28, 2012 7:41am Sep 28, 2012 7:41am
AUD/CAD

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