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- Xj8 replied Dec 7, 2009
EUR/USD — Looking for a reason not to get into the Euro produced none, the following rules were applied and I entered at 1.4850 TL taken from 2nd October to 3rd November Round Number 1.4800 held over 12 hours (3 x 4hr candles) and a 50% ...
Trend Trading Chart Thread
- Xj8 replied Dec 2, 2009
Euro Analysis — It agrees with my view on the Euro Pip. If I wasn't already in the Euro at 1.4900 I would be looking for a reaction somewhere between 1.4950 and 1.5000.
Trend Trading Chart Thread
- Xj8 replied Dec 1, 2009
Trading the Gu — Bluehorizon. I certainly agree with your views on the move down, it would be possible to take a sell when it hits the downward sloping trend for the third time, however, I would be cautious when it reached 1.6350/400, that ...
Trend Trading Chart Thread
- Xj8 replied Dec 1, 2009
Pervaz — It's nice to see the trade at 1.5000 you got into is working in your favour, one of the lucky breaks we would all like to have now and again, you caught the falling knife by the handle on this occassion. I only use the daily trendline ...
Trend Trading Chart Thread
- Xj8 replied Nov 30, 2009
Pervaz — I'm in agreement with Bazooki regarding the direction of your fib. This particular trade only has one barrier in place, that of the round number 1.5000, previously holding as resistance, it may not be enough as a solitary support ...
Trend Trading Chart Thread
- Xj8 replied Nov 27, 2009
Herzog21 — Of course it would be profitable if you took the trade from 1.6500 (if it plays out that way) sell to 1.6300, then watch to see how price react to 1.6300 and make a decision then, I know you would anyway, but it's worth considering ...
Trend Trading Chart Thread
- Xj8 replied Nov 27, 2009
GU Sell Possibility — At the moment, down to 1.6300 and above would be buy scenarios, if the trendline was to fail I would not look for a sell until it retested the trendline on the way back up, that support I indicated earlier is to me a ...
Trend Trading Chart Thread
- Xj8 replied Nov 27, 2009
Daily Trendline on the GU — Bemac Trendlines can be awkward at the best of times, originally I had a shorter daily, when that was breached and became invalidated I panned out and had to move further back to March as you discovered. What I have ...
Trend Trading Chart Thread
- Xj8 replied Nov 27, 2009
I understand your logic, but I think price can be a bit more predictable than we give credit. There is a probability that price will indeed push through the 50% fib I have in place, possibly breach the trendline (but not by much) then I expect it to ...
Trend Trading Chart Thread
- Xj8 replied Nov 26, 2009
GU Analysis — Gu is still sketchy, I still think a buy trade is the order of the day with this currency pair, I'm looking at 1.6300 where there are two barriers but the trendline is some distance away, I would like this to be closer. The arrow ...
Trend Trading Chart Thread
- Xj8 replied Nov 26, 2009
Euro Observations — I realise your post was 7 hours before this submission and you would have recalibrated by now, this is my view as price has since unfolded. The latest push down has made me look at a fib from 3rd November to the most recent ...
Trend Trading Chart Thread
- Xj8 replied Nov 26, 2009
AU Trade — I was in this trade earlier in the week, this system allowed me to get to break even where it exited, as price moved further down, I placed an order to re-enter at 0.9200, once price moved away from this to 0.9150, I canceled the ...
Trend Trading Chart Thread
- Xj8 replied Nov 25, 2009
AU Trade — Hi Dan, Thanks for your thoughts, looking at the charts I can see why you got in at 0.9100, I'll watch more closely in future, one day I'll be fast on the draw like you, in the meantime, I'll let my confidence build up at a sedate ...
Trend Trading Chart Thread
- Xj8 replied Nov 25, 2009
AUD/USD — With regards to the last post, if I was a little more experienced using this method, I may have looked at 0.9050 as a point of support, watched price as it closed above the tendline and entered at 0.9150, however, that's experience I ...
Trend Trading Chart Thread
- Xj8 replied Nov 25, 2009
AUD/USD — I posted my thoughts on this one a few days ago page 24 #351, I have since traded this pair when it reached 0.9200 and currently at break even. I expect it to reach 0.9350 before meeting some resistance and I'm hopeful it will reach ...
Trend Trading Chart Thread
- Xj8 replied Nov 20, 2009
I never look at this pair, at your invitation I opened the chart and will give you my thoughts. Price has already passed through the trendline on the third time of asking and is now acting as support, had 1.6200 held along with the 50% and round ...
Trend Trading Chart Thread
- Xj8 replied Nov 20, 2009
Coolshades — In a nutshell comes to mind. The other point regarding three hits, I'm not sure what I was referring to, could have been relevant to the post regarding the trendline or other barrier, I'll have to backtrack to find that point to ...
Trend Trading Chart Thread
- Xj8 replied Nov 20, 2009
Trendline Strength — I notice that 3 hits off a trendline can be common, when price moves towards a trendline for the third time it will respect it on most occassions (about 70%) and move away from it, the fourth time it will break or weaken ...
Trend Trading Chart Thread
- Xj8 replied Nov 20, 2009
Trendlines — Trendlines are subjective, we use them mainly to determine direction and confirmation of a barrier, in the case of the USD/CHF each time highs were made, they were lower highs, I tend to redraw trendlines that reflect the market ...
Trend Trading Chart Thread
- Xj8 replied Nov 20, 2009
Simpleguy — I don't know much about weekly charts and unless I was trading on a much larger scale for a longer period I would pay attention to weekly charts, Daily is as far out as I would look, in doing so, I see price has hit the longer term ...
Trend Trading Chart Thread