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Backing Trades Thru Charts

  • #6,821
  • Nov 28, 2012 4:36pm Nov 28, 2012 4:36pm
Quoting TheLastCoke
EUR/USD is now testing 61% Fib

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USD/CHF is also testing 61% fib

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  • #6,822
  • Nov 28, 2012 4:37pm Nov 28, 2012 4:37pm
Quoting Winston Reed
What's that? A 30 minute chart? LOL. I try not to look at anything less than H4 lest my tiny brain get overloaded. But I it blows through the 61.8 fib
It's amazing how fibs work in any TF, isn't is?
  • #6,823
  • Nov 28, 2012 4:38pm Nov 28, 2012 4:38pm
USDCAD breaking the trendline and banging on this support.
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  • #6,824
  • Nov 28, 2012 4:41pm Nov 28, 2012 4:41pm
Quoting Winston Reed
Hey LC!
Quoting TheLastCoke
EUR/USD Ok Bears, show me how strong you are! This is the first real test.

Attachment
EUR/USD I was also looking at the same level and I ''feel'' (rarely use this term) that the level wasn't really tested and its test may be ''due''
  • #6,825
  • Nov 28, 2012 4:47pm Nov 28, 2012 4:47pm
Quoting Winston Reed
USDCAD breaking the trendline and banging on this support.
USD/CAD I took some easy pips at 23% retest + Confluence (as resistance). It was tested again (didn't go in) and it is currently being rejected on second test.

Quoting TheLastCoke
USD/CAD This level may be tested as Resistance

Attachment
  • #6,826
  • Nov 28, 2012 4:58pm Nov 28, 2012 4:58pm
Quoting TheLastCoke
EUR/USD is now testing 61% Fib

Attachment
EUR/USD Like magic!

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  • #6,827
  • Nov 28, 2012 5:00pm Nov 28, 2012 5:00pm
Quoting TheLastCoke
USD/CHF is also testing 61% fib

Attachment
USD/CHF Those fibs on lower TF's are Scalper's Dream!

Attached Image (click to enlarge)
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  • #6,828
  • Nov 29, 2012 4:28am Nov 29, 2012 4:28am
Quoting Ptitfour
Good evening,

Return to my entries on €/$ device, actually

1 with +296pips
1 with +269pips
1 with +221pips
2 with +161pips

Bullish move ok at the moment.

I'm ordering a limit entry at 1.2870 zone (for 2 contracts ).

General Stop Loss 1.2830

Good trade

Good Morning,

Sorry for this late updating operations.

Long only on €/$ device always in position for me.

My limit order was ok at 1.2885 precisely for 2 contract more (expected 38% Fibo from 1.2660 to 1.3010 moving up) and 1.2870 support line.

For this last entry actually + 104pips.

Resume
1, +320pips
1, +295pips
1, +244pips
2, +185pips
2, +104pips

-> Next step more 4 long contracts if 1.3010 breakup (stop buy 1.3013)

Target nearly 100pips with 1.3140 in extension (138% fib extension) as indicated on my daily charts (from the last up move).

The big bear trend line in red seems to be very very observed and bulls are waiting that futur breakup soon...

Stop all contracts 1.2851.

Notices are welcome

Good trade
Attached Image(s) (click to enlarge)
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  • #6,829
  • Nov 29, 2012 5:35am Nov 29, 2012 5:35am
Quoting TheLastCoke
EUR/USD

Attachment
EUR/USD is testing CUTL again

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  • #6,830
  • Nov 29, 2012 5:38am Nov 29, 2012 5:38am
Quoting TheLastCoke
EUR/USD is testing CUTL again

Attachment
Hi, TLC

What do you think about my last post?
  • #6,831
  • Nov 29, 2012 5:38am Nov 29, 2012 5:38am
USD/CHF is also retesting TL

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  • #6,832
  • Nov 29, 2012 9:17am Nov 29, 2012 9:17am
Quoting TheLastCoke
EUR/USD & USD/CHF Are now risk free trades, both entries are currently +130 pips (total)

EDIT: +150 8-)
EUR/USD & USD/CHF 150 pips down the drain
  • #6,833
  • Nov 30, 2012 4:58am Nov 30, 2012 4:58am
Quoting TheLastCoke
EUR/USD What are you guys planning to do with all this confluence? I might wait a bit to get a better price, something around 1.3020's maybe?

Attachment
EUR/USD If level gets broken, I'll close all current open positions

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  • #6,834
  • Nov 30, 2012 5:15am Nov 30, 2012 5:15am
Quoting TheLastCoke
EUR/USD If level gets broken, I'll close all current open positions

Attachment

Hi, TLC,

Long more 4 contracts on 1.3013 (actually 11 long)

From my point of view, this level was very strong, maybe consolidation under this level necessary, to breakup it.

All current long contracts stop 1.2875
  • #6,835
  • Nov 30, 2012 5:18am Nov 30, 2012 5:18am
Quoting Ptitfour
Hi, TLC,

From my point of view, this level was very strong, maybe consolidation under this level necessary, to breakup it.
I will join you at Break & Retest!
  • #6,836
  • Nov 30, 2012 6:03am Nov 30, 2012 6:03am
Quoting TheLastCoke
EUR/USD If level gets broken, I'll close all current open positions

Attachment
i opened a small short.
Reason: could be W1=W5 + resistance.

if this is some wave 1, wave 2 is normally at least 61.8.

edit: The W5 wave doesn't look at all impulsive though..

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  • #6,837
  • Nov 30, 2012 6:21am Nov 30, 2012 6:21am
Quoting longshot_nl
i opened a small short.
Reason: could be W1=W5 + resistance.

if this is some wave 1, wave 2 is normally at least 61.8.

edit: The W5 wave doesn't look at all impulsive though..

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but broke and retested my channel...

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  • #6,838
  • Dec 2, 2012 2:39am Dec 2, 2012 2:39am
TLC , when ever you have time , I have a few questions regarding how you play things , kindly provide your input on them ... Charts below ... Regards ...
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Human
  • #6,839
  • Dec 2, 2012 7:30am Dec 2, 2012 7:30am
Quoting longshot_nl
i opened a small short.
Reason: could be W1=W5 + resistance.

if this is some wave 1, wave 2 is normally at least 61.8.

edit: The W5 wave doesn't look at all impulsive though..

Attachment
As i said, i believe this could be an impulse wave.
In which case another wave with a higher high can be expected after a correction.

The count:
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These are possible turning points.
A first wave often has a deep retrace. this is why i prefer a retrace to the 61.8 level.
But IMHO there can be a bump to current level at the 38.2 level.
So i will close my short there and try to get a new one at a better price.

Attached Image (click to enlarge)
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gl.
  • #6,840
  • Dec 2, 2012 7:37am Dec 2, 2012 7:37am
Quoting longshot_nl
As i said, i believe this could be an impulse wave.
In which case another wave with a higher high can be expected after a correction.
EUR/USD if the HH is done during Asia (lower volume) I'll keep my shorts but will close them all if done during London
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