Jump to content

Naked charts with trendlines only


syk1kz

Recommended Posts

  • Replies 121
  • Created
  • Last Reply

Top Posters In This Topic

usdjpy more than likely going to fail, this was a perfect and valid technical setup but this one was probably not meant to be.

 

To be fair we have not gotten stopped out yet but it is looking more likely as time goes on

 

USDJPY Declines, 81% of Traders are Long, Ratio of Long to Short Positions Stands at 4.17.

 

going to look for other setups now and leave usdjpy alone.

Link to comment
Share on other sites

no im not, this FXCM trading station lags to much at work - if anybody has a good platform that is NOT MT4 / FXCM trading station 2.0, and is FREE please let me know, other wise i will be using the shitty netdaniacharts from here out, or possibly just stop posting until i get home. doesnt bother me any
Link to comment
Share on other sites

should mention i have closed my gomarkets live account, it is now dead to me, i am currently brokerless and looking for a good broker that does not charge withdrawal fees for international customers - gomarkets and vantagefx are out so dont mention those, see the broker section of the forums for details why i am not interested in either of those 2.

 

any aussie traders here that are not on either of those 2 please post what broker you are on, and if they charge fees for withdrawing.

 

once i get a new broker up and running i will start a live account with 500-1000 that people can follow if they wish.

Link to comment
Share on other sites

usdchf seems to be carving out lower lows - what does this mean for the eurusd drop? will we be going back to to test some highs or just retrace before the next leg down? i will be looking to get short eurusd on a bigger picture outlook. EUROPE is anything but stable and i wouldnt expect the euro to rally to a new high compared to last week, but how knows this is forex remember

 

http://imagefruity.com/images/74437802034568035439.png

 

 

 

EURUSD note the former support from may which was tested last week and failed, i would be looking for a possible retest and failure before getting short

 

http://imagefruity.com/images/98261013080139712791.png

Edited by syk1kz
Link to comment
Share on other sites

GBPJPY still in its triangle formation - only just, still looking to catch this breakout

 

ALL BELOW CHARTS ARE DAILY ONLY

 

http://imagefruity.com/images/20614333827214118370.png

 

GBPCHF - similiar setup

 

http://imagefruity.com/images/06055431336373316860.png

 

EURJPY - no explanation required

 

http://imagefruity.com/images/12161293495608109066.png

Link to comment
Share on other sites

thanks - not keen on forex.com as i news trade and they widen the spreads way to far, thats why i was with gomarkets, but the data feed there is second rate at best and they are not worth of getting my spreads, asme goes for vantageFX since they use the same data feed.

 

i was looking at a few international and local brokers but for now i will not bother opening a live until i see something i like

Edited by syk1kz
Link to comment
Share on other sites

The hidden divergence indicated that PA will go North. It has done so far.

 

Where the next turn over I am not sure.

 

On H4 charts PA reached 61% fib retracement & Stoch and RSi are both OB zone

 

Still watching

 

I don't think audusd has any more steam to get up the hill, its about done in my view - we will see over the next 24hours i guess, where are you looking at for the next potential top to take place ?

Link to comment
Share on other sites

I don't think audusd has any more steam to get up the hill, its about done in my view - we will see over the next 24hours i guess, where are you looking at for the next potential top to take place ?

 

Aussie has go south soon is my opinion. I agree not much steam going up.

 

Am watching the H4 TL break and RSI 50 cross down

Link to comment
Share on other sites

so do you use the 50line as a potential long/short signal? i never really liked that idea, but i never tried it on for longer than a week or so from memory, and it was within my first week of forex ever, so i was probably doing it wrong [ how do you read a 50line wrong? i dunno but i probably did ]

 

 

btw i like that cadjpy setup, but since i am now liveless and on demo until i find a good broker i dont even have that in my list :(

 

i think we might see a new high in aud before the tumble but it wont last

Edited by syk1kz
Link to comment
Share on other sites

AUDUSD H4 - still have potential for a new high from here

 

i have gone short here as i am ok with the risk:reward and potential takeprofit level which is close enough to the 50% fibo on the daily.

 

should this trade workout i will be adding to the position with each rally or pullback and will automatically close all positions when we hit TP levels.

 

all positions will be closed when we see a clear bullish reversal pattern on the daily chart and only the daily chart. - i will post details if/when this happens

 

 

should also note there is NO high impact AUD news for the rest of the week, however we have USD Philadelphia Fed. (AUG) @ midnight GMT +10 [ no DST ]

so technically saturday morning but i will see how far into profit we are by then and if we have a large enough buffer i might consider letting it ride - will deal with it later

http://img808.imageshack.us/img808/442/audusd.gif

Edited by syk1kz
Link to comment
Share on other sites

GBPUSD well outside the trendline now, its just a matter of what happens from here - anybody care to guess whats happening to the USD right now :)

 

http://img339.imageshack.us/img339/5745/gbpusdn.gif

 

i would go short but there is just to much sterling news going on this week so im staying out of gbpusd - but dont let me stop you

 

http://img825.imageshack.us/img825/2346/gbpusd.gif

Edited by syk1kz
Link to comment
Share on other sites

Lots of opportunities.

 

Not enough time for all charts.

 

Gbpcad H4 Sell Falling wedge on D1 broken lower TL

 

GBPUSD Sell TL break occured, Pullback and now continuation. (BPC). TP 50% Fib

 

Aususd: Stopped at a fib cluster of H4.and coming down. TP=38% fib which confluent with D1 200EMA. Entry safer when RSI 50 crosses down and break of TL. Often RSI 50 cross occurs a candle before break of TL. USe on Line charts.I have given a link of an ebook in my earlier post.

 

Audnzd: Falling wedge on D1 look at H4. TP1= Look at 38% and 50%.

 

GBPAUD: Sell after sideway consolidation H4.Breakout is done, Pullback occuring...

Sell on break of Support( continuation) TP=1 ( next support). Looks like a Heads and Shoulder to me on D1. Potential of a good way down.

 

Will try and post again with other opportunities.

 

Entry strategies are many: Count back line of Guppy, 3 EMA cross and the one I mentioned above with RSI and TL break.

 

Many pips;

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...