Page 1 of 13 12311 ... LastLast
Results 1 to 10 of 122
  1. #1
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts

    Thumbs up Naked charts with trendlines only

    Hi all, instead of restarting my daily signals thread ihave decided to start a new technical analysis thread that we can all hopefully benefit from.

    The idea behind this thread will be naked charts with trendlines only. No indicators of any kind will be used for determining the trend, our trendlines will do that for us. Fibonacci and RSI may be used on the daily charts only. IF fibo is used, trades will always be at the 61.8% never the 50% or 38.2%. Regardless of fibo, pending orders will be used alot which will make following any trades easier for other people, but they will not be used exclusively.

    I have setup a new demo account which can be monitored here -> http://www.mt4i.com/users/pipstealer/ the ftp update will be running 24/7 the broker is http://www.vantagefx.com/ which is an Australian broker i am currently testing out, only thing is the currency on the demo can only be in USD. Money management is a maximum of 10% exposure at any given time and a minimum 1:2 risk:reward per trade, if this is not possible no trade is entered. Account is $1k in size and lotsize will be limited to 0.02 at maximum per trade,

    WE DO NOT ADD TO LOOSING POSITIONS AT ANY STAGE.

    I will be posting charts before the markets open every sunday with what i think might be good breakouts to watchout for, I will update the charts daily as i have time and as price progresses towards breaking out. These trendlines will only be drawn on H1 or above, M30 or below will not be used here for any purposes. Daily trendlines will always be drawn and never ignored, they will override all other trendlines lower than it, a weekly will override the daily and monthly overrides weekly.

    I will be avoiding what is to be considered high impact news and will be flat 30minutes before said news. Medium or low impact will be ignored. For a good economic calendar please use http://www.dailyfx.com/calendar/ rather than http://www.forexfactory.com/calendar/ the reason for this is FF often displays news as Tentative while DFX shows the actual time, i also feel FF displays some news as high impact when DFX displays it as low or medium at best. In my experience DFX is more accurate in defining the impact the news will have on the markets.

    All pairs that i consider tradable due to trends / volatilty and spreads will be covered, which will be a maximum of 15 pairs at any given time, so plenty of potential.

    Please be aware that if you decide to follow any of these setups at any stage with real money you accept responsibility for any and all trades placed on your account. Dont come crying if you loose money simply because the markets did what they wanted or you over leveraged your trade(s)

    Name : MANUAL
    Email : [email protected]
    Login : 85843
    Investor : yvsq5hv (read only password)

    With that being said on with the show

  2. " "
  3. #2
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    ok so even though its not sunday i can start now i think, if anybody missed the eurusd boat, dont worry to much we have some other juicy setups just waiting to breakout.

    Here is USD/CHF point on interest would be 1.06000 [ appologies if you are on 4 digit broker but i am not so all prices will be in 5 digits from here on ]






    long above 1.062 to agree with the eurusd decline
    Last edited by syk1kz; 08-11-2010 at 08:47 PM.

  4. #3
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    heres the daily GBPUSD trendline

    Last edited by syk1kz; 08-11-2010 at 08:50 PM.

  5. #4
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    USDJPY DAILY - whats important to note here is the divergence appearing on the daily rsi, and we might be putting in for some sort of reversal as todays candle is looking like a doji


  6. #5
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    so out of these charts i would only be looking to trade a usdjpy long if we get a reversal confirmation [ bullish morning star ]
    i would put stoploss at the bottom of the doji if it is confirmed and look for atleast 1:2 risk:reward, probably higher though.

    A break above 1.06200 for a usdchf long to confirm usdchf i would like to see a 4hour candle close above said price, with a stoploss 1.05700 - 50pips and aim for 1.07200 - 100pips for a 1:2 risk:reward

  7. #6
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    EURAUD DAILY - heres a juicy setup about to breakout very very soon i think



    i favour the downside

    stoploss 1.45500
    takeprofit - double your entry to stoploss price

    entering short euraud @ market price or 1.43283
    stop 1.45500
    profit 1.39000

    lower than the lowest recorded low O_O lets see what happens
    damn it i forgot to change the lotsize

    and i just noted AUD unemployement news coming out in 5 hours, so i will look to breakeven here and change the lotsize

    ok so we broke even after about a 20pip drawdown, but since i did not change the lotsize i deem this trade learning experiance to double check my settings anyway aud news in 4hours and 18minutes i will be posting a chart closer to the news with what i will be looking to do
    Last edited by syk1kz; 08-11-2010 at 10:13 PM.

  8. The Following User Says Thank You to syk1kz For This Useful Post:


  9. #7
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    heres a 4hourly chart of eurusd, using one of the top levels one might think about entering a short, since the eurusd has dropped so rapidly trendlines will hardly be of anyuse here and finding support and resistance will be of better value to find a reentry position, should one occur with a good risk:reward scenario.



    consider 1.2725 and 1.27 support
    Last edited by syk1kz; 08-12-2010 at 02:04 AM.

  10. #8
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    ok so 20mins until news time for aud, i will only be looking to get short should the result come out better than the expected, i wouldnt be surprised if we see a fairly large spike on this news release and i will look to get short above 0.9000, i wont enter there but if prices dont even come close then i will not trade.

    here is a 4 hourly chart of audusd with some obvious support and resistance


  11. #9
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    usdchf coming towards the end of its trendline, keep an eye on this one


  12. #10
    Platinum Member Array
    Join Date
    Aug 2009
    Posts
    697
    Thanks
    7
    Thanked 134 Times in 40 Posts
    nzdusd has broken through its daily trendline, one might wait for a bounce up before shorting ?

Page 1 of 13 12311 ... LastLast

Similar Threads

  1. Tick charts or minute charts?
    By eqqismar in forum General Forex Discussion
    Replies: 17
    Last Post: 07-07-2011, 01:02 PM
  2. Fibonacci and Trendlines (Part 1)
    By samoita in forum Forex Clips and Movie Tutorial
    Replies: 1
    Last Post: 09-18-2010, 08:51 PM
  3. Trendlines
    By teodosy87 in forum Forex Clips and Movie Tutorial
    Replies: 14
    Last Post: 04-29-2010, 11:34 PM
  4. [REQ] Naked Economics
    By mubi99 in forum Forex eBook Request
    Replies: 0
    Last Post: 09-25-2009, 12:43 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •