Sorry for hijacking the thread, Daniel. Thanks for the space. While posting, could you check your Aud/Usd chart as I think your trend line convergence is higher than Longshot's?
Gone to a better place
Two trendlines, ultimate reward
- #481
- Apr 19, 2016 2:22am Apr 19, 2016 2:22am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #482
- Apr 19, 2016 3:24am Apr 19, 2016 3:24am
Sorry for hijacking the thread, Daniel. Thanks for the space. While posting, could you check your Aud/Usd chart as I think your trend line convergence is higher than Longshot's?
Hi all and smikester
I have AUDUSD here. Problem is maybe in my MT4 with chart on AUDUSD. GAP between Daily and Weekly TL's.
Hi Everyone,
I am not too often on Forexfactory and a rare poster. I found a couple of interesting threads that I am following.
This is one of them. Thanks Daniel for starting this and giving us an opportunity to learn more about Trendlines.
I have not read through the entire thread yet, but am in the process. There are some entries based on
trendline Daniel posted, that I don't quite understand yet. Once I read the entire thread, I'll be asking about
the method if that is ok with you Daniel.
However, I would like to share how the use of trendlines kept me away from taking a short on EUR/USD.
Please advise if I am not drawing the trendlines accurately
Cheers,
Wmn
I am not too often on Forexfactory and a rare poster. I found a couple of interesting threads that I am following.
This is one of them. Thanks Daniel for starting this and giving us an opportunity to learn more about Trendlines.
I have not read through the entire thread yet, but am in the process. There are some entries based on
trendline Daniel posted, that I don't quite understand yet. Once I read the entire thread, I'll be asking about
the method if that is ok with you Daniel.
However, I would like to share how the use of trendlines kept me away from taking a short on EUR/USD.
Please advise if I am not drawing the trendlines accurately
Cheers,
Wmn
Never stop to learn
- #485
- Apr 22, 2016 4:19am Apr 22, 2016 4:19am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} also 23 fib on weekly may act as magnet. {image}
i am looking to short this for long term.
- #486
- Apr 22, 2016 4:31am Apr 22, 2016 4:31am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} i was correct. i am looking to short this for long term. {image}
i am placing a short order at the yellow line in any case.
- #489
- Apr 22, 2016 5:41am Apr 22, 2016 5:41am
- Joined Jan 2010 | Status: .... | 3,910 Posts
I am watching AUDJPY for sell. We will see. {image} {image}
Since it is a large area i rather wait on price action.
- #490
- Apr 22, 2016 5:58am Apr 22, 2016 5:58am
- Joined Jan 2010 | Status: .... | 3,910 Posts
i think i figured euraud out.
if the lines are difficult to draw trough 3 points, i draw parallels.
i will probably not be picking the bottom but i will look to buy.
if the lines are difficult to draw trough 3 points, i draw parallels.
i will probably not be picking the bottom but i will look to buy.
- #492
- Apr 22, 2016 11:40am Apr 22, 2016 11:40am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} If a bat would form that would be a nice trade. i am placing a short order at the yellow line in any case. {image}
without a lower low it stays valid.
points A, B and C look good.
- #494
- May 2, 2016 12:47pm May 2, 2016 12:47pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} I like it, if the level breaks it might become an inverted H&S though so it is an important level. Since it is a large area i rather wait on price action. {image}
- #495
- May 2, 2016 12:49pm May 2, 2016 12:49pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} also 23 fib on weekly may act as magnet. {image}
- #496
- May 2, 2016 12:52pm May 2, 2016 12:52pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
here is a new one...
audnzd daily.
audnzd daily.
- #498
- May 2, 2016 4:15pm May 2, 2016 4:15pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
aud usd 4h.
i wasn't short yet on the pair.
I'll try one here. It got rejected by long term 23 fib so its a long term trade.
i wasn't short yet on the pair.
I'll try one here. It got rejected by long term 23 fib so its a long term trade.
- #499
- May 3, 2016 2:06am May 3, 2016 2:06am
- Joined Jan 2010 | Status: .... | 3,910 Posts
aud usd 4h. i wasn't short yet on the pair. I'll try one here. It got rejected by long term 23 fib so its a long term trade. {image}
The bear wave is a 3 wave structure which is actually a bullish sign. Bears want to see a 5 wave structure.
Could still happen then price has to make a lower low and then a big retrace which would give me a better short opportunity.
- #500
- May 3, 2016 10:13am May 3, 2016 10:13am
- Joined Jan 2010 | Status: .... | 3,910 Posts
eur aud weekly. yellow line is target. on monthly chart its a triangle. this is not a timeframe i trade in so i have to look for something lower tf. {image}
