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Backing Trades Thru Charts

  • #6,921
  • Dec 6, 2012 11:39am Dec 6, 2012 11:39am
Quoting TheLastCoke
AUD/USD Approaching level

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AUD/USD Entry Missed

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  • #6,922
  • Dec 6, 2012 11:45am Dec 6, 2012 11:45am
USD/CHF Testing Soft Resistance

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  • #6,923
  • Dec 6, 2012 1:45pm Dec 6, 2012 1:45pm
Any thoughts about my pennant.?
i am following from wave d.
now it seems price is rejected at e.
i am hoping for a shakeout to the 50% fib after f.

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  • #6,924
  • Dec 6, 2012 1:47pm Dec 6, 2012 1:47pm
Quoting longshot_nl
Any thoughts about my pennant.?
i am following from wave d.
now it seems price is rejected at e.
i am hoping for a shakeout to the 50% fib after f.

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Why didn't you use the top as part of UTL?
  • #6,925
  • Dec 6, 2012 1:49pm Dec 6, 2012 1:49pm
Quoting TheLastCoke
Why didn't you use the top as part of UTL?
becouse apex wouldn't match and UTL wouldn't touch b and d.
i am thinking its an anomaly.
  • #6,926
  • Dec 6, 2012 2:00pm Dec 6, 2012 2:00pm
Quoting longshot_nl
becouse apex wouldn't match and UTL wouldn't touch b and d.
i am thinking its an anomaly.
Can't do that LS, don't force its shape
  • #6,927
  • Dec 6, 2012 2:13pm Dec 6, 2012 2:13pm
Quoting TheLastCoke
Can't do that LS, don't force its shape
pfff... the head sais yesyes, the master sais nono...
i need to follow the head and bump it if needed...
its respecting f now...

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i want to see a retest of the broken TL.

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  • #6,928
  • Edited 2:27pm Dec 6, 2012 2:15pm | Edited 2:27pm
Quoting longshot_nl
pfff... the head sais yesyes, the master sais nono...
i need to follow the head and bump it if needed...
its respecting f now...

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i want to see a retest of the broken TL.

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I am just talking about the Pattern itself, not possible performance. It is a contracting PA with a pole, still can be considered as a Bullish PA
  • #6,929
  • Dec 6, 2012 2:27pm Dec 6, 2012 2:27pm
Quoting TheLastCoke
I am just talking about the Pattern itself, not possible performance. It is a contracting PA with a pole, still can be consider as a Bullish PA
alright.. sounds good enough to me.. thanks.!
  • #6,930
  • Dec 6, 2012 4:06pm Dec 6, 2012 4:06pm
Quoting TheLastCoke
USD/CHF Testing Soft Resistance

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USD/CHF Rejected at SR

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  • #6,931
  • Dec 6, 2012 6:11pm Dec 6, 2012 6:11pm
Quoting TheLastCoke
EUR/GBP

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EUR/GBP Symmetry Lost

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  • #6,932
  • Dec 7, 2012 9:18am Dec 7, 2012 9:18am
CAD/JPY

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  • #6,933
  • Dec 7, 2012 9:20am Dec 7, 2012 9:20am
Quoting TheLastCoke
GBP/AUD This setup & updates were sent to our FCS Members.

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GBP/AUD TP Reached

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  • #6,934
  • Dec 7, 2012 10:13am Dec 7, 2012 10:13am
Quoting TheLastCoke
CAD/JPY

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CAD/JPY Perfect Performance so far +45

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  • #6,935
  • Dec 8, 2012 6:26am Dec 8, 2012 6:26am
Quoting TheLastCoke
Hello C,
One of your answers may negatively affect the performance of a touch entry methodology; so let’s go a bit deeper into the exercise by giving a sense of quality in terms of risk %, in addition, we can also add a confluence to 3 of the entries. Give it a try and I will elaborate the whys & don’ts of the 9 examples later on.

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Hint = Try to spot Bullish, Bearish & Reversal patterns.
Reason 6. We had this AUD/JPY setup but it was cancelled due to a BPP (Bullish Pennant Pattern) before entry.

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  • #6,936
  • Dec 8, 2012 6:39am Dec 8, 2012 6:39am
Quoting TheLastCoke
CAD/JPY Perfect Performance so far +45

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Reason 8 RBE (Rectangle Before Entry). This CAD/JPY setup was weak (reason why it didn't have trading levels) but it wasn't formed too close to the entry so a Rejection can be expected in this scenario. Keep in mind that Rectangles usually break in the direction of the trend (70% of the time), kind of a continuation pattern. It already tested UTL where it can be Rejected again to continue with a HH. SL will be place just above printed top.

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  • #6,937
  • Edited 7:22am Dec 8, 2012 6:46am | Edited 7:22am
Quoting TheLastCoke
GBP/AUD This is one of the new setups sent today to our FCS members

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The CUTL Confluence was lost, so we lowered the risk and kept the setup valid

Quoting TheLastCoke
GBP/AUD TP Reached

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Reason 1 CTE (Clean Touch Entry). Observe that price didn't make any retracement before our entry, we can determin this by measuring the average candle move which was about its limit around confluence level.

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  • #6,938
  • Dec 8, 2012 6:58am Dec 8, 2012 6:58am
Quoting TheLastCoke
AUD/USD Entry Missed

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Reason 2 RBE (Retracement Before Entry). This setup went from a very nice CTE to RFE, reason why it was Cancelled.

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  • #6,939
  • Dec 9, 2012 5:50am Dec 9, 2012 5:50am
EUR/AUD

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  • #6,940
  • Dec 9, 2012 6:27am Dec 9, 2012 6:27am
EUR/NZD This setup was sent to our FCS Members but we didn't finally trade it.

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