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Backing Trades Thru Charts

  • #6,681
  • Nov 16, 2012 9:29am Nov 16, 2012 9:29am
Quoting TheLastCoke
USD/CHF It can work for both of us, take your profits first and let it go to my entry later on. 50% Fib shows a strong Bearish Confluence

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USD/CHF Approaching previous top, let's see what Bulls can do, anyway I am ready to pull the trigger at 50% fib
  • #6,682
  • Nov 16, 2012 11:15am Nov 16, 2012 11:15am
Quoting TheLastCoke
USD/CAD I am not defending any side (never really do) just showing you facts. Looks at the rejection after Resistance was tested, pay close attention to the LAST test before break, it found a 60 pip rejection only, right now the first test gave even less than that.

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USD/CAD made a fresh HH, it is too soon to call it a break but I wouldn't be holding shorts with this PA
  • #6,683
  • Nov 16, 2012 12:01pm Nov 16, 2012 12:01pm
maybe last wave to entry GU.

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  • #6,684
  • Nov 16, 2012 12:18pm Nov 16, 2012 12:18pm
Quoting longshot_nl
maybe last wave to entry GU.

Attachment
I was expecting a major divergence by entry level but with this consolidation or the retracement you are pointing out, overall scenario for the entry at TL may not be as good as it was.
  • #6,685
  • Nov 16, 2012 9:34pm Nov 16, 2012 9:34pm
I'm glad I took the time to review your thread. Although I have much to learn from you, the principles here are amongst the most valuable tools in my tool box now. This was a great week for my account. Thanks Coke!!!
  • #6,686
  • Nov 17, 2012 7:18am Nov 17, 2012 7:18am
Quoting Winston Reed
I'm glad I took the time to review your thread. Although I have much to learn from you, the principles here are amongst the most valuable tools in my tool box now. This was a great week for my account. Thanks Coke!!!
WR, I really appreciate yours comments because I know you are trader with many years of experience; I see that you are able to apply your own well established methodology and add something extra to it.
  • #6,687
  • Nov 17, 2012 9:08am Nov 17, 2012 9:08am
Quoting TheLastCoke
AUD/USD

Attachment
AUD/USD All my AUD/XXX positions based on mostly on fibs + their correleation had a nice rejection, shame I didn't take profits on time and took me out little negative. This AUD/USD Channel seems to be playing its role for now

Attached Image (click to enlarge)
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  • #6,688
  • Nov 17, 2012 9:25am Nov 17, 2012 9:25am
My AUDUSD Daily chart.
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  • #6,689
  • Nov 17, 2012 9:30am Nov 17, 2012 9:30am
Quoting Winston Reed
My AUDUSD Daily chart.
AUD/USD I was looking at your Red ATL but since it wasn't able to close below it, the scenario is still unclear, specially when that attepmt to break the TL was on a Friday. You may be able to elaborate more about that pin bar.

Attached Image (click to enlarge)
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  • #6,690
  • Nov 17, 2012 10:39am Nov 17, 2012 10:39am
Quoting TheLastCoke
AUD/USD I was looking at your Red ATL but since it wasn't able to close below it, the scenario is still unclear, specially when that attepmt to break the TL was on a Friday. You may be able to elaborate more about that pin bar.

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The pinbar is interesting but I'm not feeling a trade here. The pair is squeezing down and looks like a break out is coming so I'll wait.
  • #6,691
  • Nov 17, 2012 10:56am Nov 17, 2012 10:56am
Quoting Winston Reed
The pinbar is interesting but I'm not feeling a trade here. The pair is squeezing down and looks like a break out is coming so I'll wait.
AUD/USD I'll be flat until this level

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  • #6,692
  • Nov 17, 2012 11:08am Nov 17, 2012 11:08am
Quoting TheLastCoke
GBP/AUD Approaching yesterday's top, let's see if we can get a HH

Attachment
GBP/AUD HH made but it was quickly rejected forming a pin bar, let's see if our entry is reached by next week but I am not sure if the CUTL confluence will be valid by then
  • #6,693
  • Nov 17, 2012 12:11pm Nov 17, 2012 12:11pm
GBP/NZD Notice the "to the pip performance" in this nice confluence, here is another nice pin bar due to the strong rejection.

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  • #6,694
  • Nov 17, 2012 11:27pm Nov 17, 2012 11:27pm
Hey TLC,
I peruse by a decent amount. Just thought I would pop in and say hi.

My USD/JPY longs from a few months back are looking nice with that large weekly TL break. I always value your input Im planning on adding if we get a retest.

Take care buddy

-CV-
Dr. C
  • #6,695
  • Nov 18, 2012 8:26am Nov 18, 2012 8:26am
Quoting cvcamper
Hey TLC,
I peruse by a decent amount. Just thought I would pop in and say hi.

My USD/JPY longs from a few months back are looking nice with that large weekly TL break. I always value your input Im planning on adding if we get a retest.

Take care buddy

-CV-
Hello CV, It seems that a test to Resistance may be next after breaking those two Desceding TL's but keep in mind that a Rectangle Bottom is usaully a continuation Pattern

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  • #6,696
  • Nov 18, 2012 9:35am Nov 18, 2012 9:35am
Hmmmm
Head/shoulders objective 1.26000, TL, 38.2 fibo.
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  • #6,697
  • Nov 18, 2012 11:40am Nov 18, 2012 11:40am
See what happens
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  • #6,698
  • Nov 18, 2012 12:24pm Nov 18, 2012 12:24pm
NZDUSD. Interesting.
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  • #6,699
  • Nov 18, 2012 2:52pm Nov 18, 2012 2:52pm
Quoting Winston Reed
Hmmmm
Head/shoulders objective 1.26000, TL, 38.2 fibo.
Nice one WR, I am watching the same level, keep in mind that TL confluence will be lost in a few days
  • #6,700
  • Nov 18, 2012 5:47pm Nov 18, 2012 5:47pm
Quoting Winston Reed
See what happens
EUR/USD The scenario is clear but entry is not

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