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How to read a chart and trade properly

  • #41
  • Jul 18, 2016 3:03am Jul 18, 2016 3:03am
XAU Daily revised Target for long position Target is D where AB=CD at the upper parallel
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  • #43
  • Jul 18, 2016 3:42am Jul 18, 2016 3:42am
Good thread I like this
  • #44
  • Jul 18, 2016 5:49am Jul 18, 2016 5:49am
sbc!!
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #45
  • Jul 18, 2016 5:51am Jul 18, 2016 5:51am
NZDUSD Short Target is D where AB=CD
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  • #46
  • Jul 18, 2016 5:58am Jul 18, 2016 5:58am
Oil Hourly Will be looking to go long around 45.40 depending on PA
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  • #47
  • Jul 18, 2016 6:54am Jul 18, 2016 6:54am
AUSUSD 5 min Long Target is D where AB=CD I have closed my NZD position at BE. Also per Bulkowskis work stops placed below 80% retracement will potect positions in 80% of trades where a retracement before a new high is observed.
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  • #48
  • Jul 18, 2016 7:01am Jul 18, 2016 7:01am
I'm also long the Dow Hourly) target is D where AB=CD
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  • #49
  • Jul 18, 2016 7:47am Jul 18, 2016 7:47am
Dow 5 min I have closed my long for +2 and now short target is D where AB=CD RR is 1;1 I have also added to my long gold position at 1325 currently 1328
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  • #50
  • Jul 18, 2016 8:11am Jul 18, 2016 8:11am
Oil Hourly Possible change of behaviour underway with a break of the lower parallel I didn't buy at 45.40 no bullish candles. Back to the bearish scenario on the 4 hr just wait to see how price develops no trades here anywhere for me
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  • #51
  • Jul 18, 2016 8:13am Jul 18, 2016 8:13am
pl follow up this chart view for oil... as of now i am also bearish


Quoting Ren1058
Oil Hourly Possible change of behaviour underway with a break of the lower parallel I didn't buy at 45.40 no bullish candles. Back to the bearish scenario on the 4 hr just wait to see how price develops no trades here anywhere for me {image} {image}
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Success is a Journey Not a Destination....... kind regards ramzam
  • #52
  • Jul 18, 2016 8:20am Jul 18, 2016 8:20am
Dow 5 min Target hit +17.5 AUDUSD stopped -15 Currencies on a Monday morning no clear direction will probably stay out of FX for a while. Also I closed my initial long gold position (1329) at BE I now have 1 long gold position at 1325
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  • #53
  • Jul 18, 2016 8:23am Jul 18, 2016 8:23am
Dow 5 min looking for short opportunities at C
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  • #54
  • Jul 18, 2016 8:28am Jul 18, 2016 8:28am
pitchfork can yield some good results especially combined with other method.btw did you give up on me pip system?good trading.
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  • #55
  • Jul 18, 2016 8:29am Jul 18, 2016 8:29am
Quoting ramzam
pl follow up this chart view for oil... as of now i am also bearish {quote} {image}

Nice to see someone else appreciates the power of Piitchforks
  • #56
  • Jul 18, 2016 8:53am Jul 18, 2016 8:53am
EURUSD Hourly price has turned at 76% Fib of AB possibly bullish target is D
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  • #57
  • Jul 18, 2016 9:45am Jul 18, 2016 9:45am
Dow 5 We have a HH so a new AB(B may change) Didn't short last move due to the very bullish candles. Speculative fork. Now looking for longs
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  • #58
  • Jul 18, 2016 9:49am Jul 18, 2016 9:49am
GBPUSD Hourly still Bullish not taking a position here I would have done at C 70 pips lower but wasn't at terminal
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  • #59
  • Jul 18, 2016 10:01am Jul 18, 2016 10:01am
Dow Hourly target for this move is D where AB=CD
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  • #60
  • Jul 18, 2016 10:13am Jul 18, 2016 10:13am
EURUSD Hourly AB=CD
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