Naked charts with trendlines only

[syk1kz]

http://img189.imageshack.us/img189/3115/usdjpyx.gif

[syk1kz]

still like this setup here, alot of sterling news this week so will be carefull with any positions

 

http://img820.imageshack.us/img820/2075/gbpjpy.gif

 

 

this cant last to much longer, favour a long position against any Euro [ so we would short this pair to go long aud ] - Europe is not healthy and still at risk in my view, look eurusd eurchf etc etc etc

http://img708.imageshack.us/img708/9817/euraud.gif

 

had anybody taken the earlier GBPUSD setup, you still would not be stopped out and heading back towards positive, hopefully

 

http://img828.imageshack.us/img828/6820/gbpusdt.gif

 

USDCAD still doing its thing

 

http://img413.imageshack.us/img413/4651/usdcade.gif

 

EURGBP - yet another probable short candidate

 

http://img844.imageshack.us/img844/1373/eurgbp.gif

Edited August 18, 2010 by syk1kz

[syk1kz]

ok so my plan with audusd now that its moved a little bit into profit is this

 

take note the sharp rising trendline that was broken then it was followed by a drop, so we will wait for another trendline to present itself and look to take advantage of the situation by adding to the position.

 

Now a few things i should point out here, i will be entering these extra positions on the hourly chart and i will only enter aslong as the top falling trendline holds.

As far as RSI goes i will not 'require' it to hit overbought for me to enter, obvously i would prefer it to occur like in the example below but seeing it extremly close to OB an seeing the top trendline hold will also get me to add to the position.

 

http://img96.imageshack.us/img96/8279/audusdu.gif

[syk1kz]

anybody notice a theme with the euro pairs? look back a few posts for eurgbp / euraud charts

 

all H4 charts

 

EURJPY

 

http://imagefruity.com/images/56916402493272697035.png

 

EURCAD

 

http://imagefruity.com/images/03560169736995028979.png

 

yes we did :)

Edited August 19, 2010 by syk1kz

[syk1kz]

still floating

 

http://www.mt4i.com/users/pipstealer

 

got about 90pips up now, and usdjpy has moved 20pips back towards our entry, but still -30 overall

 

http://img190.imageshack.us/img190/442/audusd.gif

Edited August 19, 2010 by syk1kz

[THANKS]

My watchlist D1 charts

 

As I use D1 charts, MACD and RSI and Divergence. I thought I would share my Watchlist . There are alot of set ups coming up so will not upload charts due to lack of time.

 

Please if interested look at them all indicators are available on all platforms.

 

RSI setitngs is 8 and Median close. You are free to use any /default as your personal choice.

 

MACD is default settings.

 

Entry: I try and enter of H4 when I can if not I enter on daily charts. Because of the higher TF trading, I do not look for 100% start and ends of trends.... I am happy to get the middle part of the trend and look for another opportunity. I do trade pairs with higher spreads as the profits make these spreads insignificant.

Strategies which I find ueful are in a previous post.

 

Exit: several I use. 127% and 161% Fib extentions are great.

61%, 100% and 161% Fib expansions

trade with 2 parts. TP=1 80% and 20% for TP=2

 

SL: below previous High/Low. I move my stops to the next S&R when price moves.

 

S&R: I respect at all times.TL/Fibs/00 numbers/horizontal

 

MM: I use 1-2% of my account for each trade.

 

Here is my watchlist based on Divergence :

1. USDCAD W1 Bullish

2. USDCHF D1 Bullish

3. USDJPY D1 Bullish

4. CADCHF D1 Bullish

5. CADJPY D1 Bullish

6. AUDCAD D1 Bearish ( This trade is heading for a retracement on H4. TP=1 38% fib+MN1 200EMA confluence))

7. EURCAD D1 Bearish (This pair travelling similar to AUDCAD TP=1 61% fib+ support of upper TL confluence)

 

I will keep adding my setups as they arise

Edited August 19, 2010 by THANKS

[syk1kz]

seems like audusd has channeled into a somewhat lower top trend channel, i dont expect it to hold long term though

 

approx S&R @ horizontal

 

since this trade is now 100pips into profit i am moving stoloss to breakeven and looking to TP1 at about 88600 - there is extremly strong support at 88600 as it was double top in june and july, and we have failed to break through it convincingly once already, looks like we might be going for a retest

 

takeprofit2 at 0.86400 - or the redline at the bottom

 

also note on the below chart that our entry price is now above the top falling trendline, so a bounce back above this trendline to our entry price will invalidate this trade idea

 

http://img827.imageshack.us/img827/442/audusd.gif

Edited August 19, 2010 by syk1kz

[syk1kz]

usdjpy a mere 40pips from stoploss

 

usdjpy has come back quiet alot from that last message, and audusd making quiet a run pushing me past 130pips profit in total so far - will look to close 1/2 position around 88600

 

http://www.mt4i.com/users/pipstealer

Edited August 19, 2010 by syk1kz

[syk1kz]

next 3 trades i will be looking to take

CHFJPY not so sure on will just watch this one and see what it does from here, other 2 cant last to much longer

http://img821.imageshack.us/img821/9585/chfjpy.gif

http://img205.imageshack.us/img205/7832/gbpjpyt.gif

http://img121.imageshack.us/img121/1594/usdcadp.gif

 

also noted this interesting triangle

 

EURUSD-MONTHLY

http://img192.imageshack.us/img192/9785/eurusdml.gif

EURUSD-WEEKLY

http://img337.imageshack.us/img337/3076/eurusdw.gif

Edited August 19, 2010 by syk1kz

[syk1kz]

might add to audusd if 0.89000 breaks - audusd has broken a small rising trendline but being so close to said price i am holding off to see if an upswing will produce a more attractive entry - also H1 + H4 RSI are fairly low so not doing anything just yet

 

http://img10.imageshack.us/img10/525/audusdzo.gif

[syk1kz]

i have added to my audusd, and taken nzdusd aswell see page for sl/tp levels

 

www.mt4i.com/users/pipstealer

 

both trades have worked out as expected or as i hoped, currently floating in +200pips in total at the moment, see above link for stats.

Edited August 20, 2010 by syk1kz

[fatherloko]

Nice trades syk1kz. Making some decent pips. Patience pays off.

 

My trading style has been more of a trend following approach off of trendlines with horizontal levels, but I'be been looking to start trading breakouts as well, since these often provide big moves.

 

Something I've been thinking about lately is to anticipate breakouts getting in before trendline breaks, when price action indicates higher high and higher lows or viceversa. Just like in your AUDUSD trade. Of course this is more risky, but also provides good reward to risk ratios.

 

I have a GOLD example from recent price action. How can I attach the image?

[syk1kz]

use www.tinypic.com its free and no registration required, then get the direct link to the image and simply paste it here inbetween the following code -> [/img] so it would look like [img]link.to.picture.you.uploaded.here

[syk1kz]

AUDUSD has gapped down 60 odd points according to local news here, currently at 0.88630 and fridays close was 0.89400 more or less - i would expect it to attempt to close that gap and might use it to reshort as i ended up hedging audusd/nzdusd trades to prevent losses, i thought audusd was making a fairly descent reversal guess i was wrong

[syk1kz]

daily

http://img691.imageshack.us/img691/9498/gbpjpyd.gif

 

H4

http://img837.imageshack.us/img837/1075/gbpjpyh4.gif

[syk1kz]

also lost 1/2 my pips on audusd, stoploss is BE so i will just let it go i guess, if i get stopped out i will reshort if/when the opportunity presents itself

 

www.mt4i.com/users/pipstealer

 

audusd

 

http://img163.imageshack.us/img163/442/audusd.gif

 

 

usdcad

 

http://img838.imageshack.us/img838/4741/usdcad.gif

Edited August 23, 2010 by syk1kz

[syk1kz]

the rest have been posted to twitter as i can massupload faster and tweet trades on real time

 

i will continue to post the some of the most obviously profitable ones here, but due to limited time not all will be mentioned on these forums - for now atleast

 

http://www.mt4i.com/users/pipstealer

 

hit 50% of my TP on gbpjpy so moving sl to be

Edited August 23, 2010 by syk1kz

[syk1kz]

excuse the poor looking chart i am still at work - anyway here are the S&R levels [ in pink ] i see on audusd

 

blue rising trendline has been formed since the opening of markets - its te gap

red falling trendline is the 4hourly trendline i posted a few posts back - this is just on a diff chart

 

http://pic0.picsorlinks.com/ph_or_38688_b4b5734.jpg

 

 

here is what i am watching, i might consider closing the trade out for some pips if both of these break - better with some than none

 

http://pic0.picsorlinks.com/ph_or_38690_4990cae.jpg

Edited August 23, 2010 by syk1kz

[syk1kz]

eurjpy daily

http://img840.imageshack.us/img840/1963/eurjpy.gif

[syk1kz]

if anybody has further interest in these setups i have moved to an external blogspot.

 

/closed

[jamaljamski]

wow naked trading, i like it

[grooter]

please post url of your blog