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- pierre23 replied Oct 5, 2010
If price doesnt drop like a rock soon, I would agree that the level you plotted would be reached. In saying that, I just closed my short EU from 1.3850 for +12.2. We will need it to break this top weekly channel first as it seems like a strong one, ...
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 5, 2010
Broke through top line with some force.. closed trade +76pips. There could be a 3 tap H4 for a short developing, see screenshot.. only time will tell. I personally think the next few days we could see it drop lower but hey, I've been wrong many ...
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
PA - price action TL - trend line TF - time frame
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
See attached image. If price breaks the top horizontal line with momentum I will exit my trade. The pullback to this area was fully expected, however if it continues up with force I will close out. Playing the waiting game
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
If it can break and perhaps close below the H4 channel we may be able to count on it hitting the first H4 support you plotted soon
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
I like it. From your chart you can see there is plenty of opportunity.
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
Definitely. check it out now, we're reaching the H4 bottom channel.. lets see if we can break through it or another bounce?
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
Yes, the original image came out blurry so I chucked it into photoshop and changed the format and image quality.. however it didnt help
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
yup, I have
usually comes out alright as I've posted before.. not sure why its not this time..Trade What You See - Almost Naked Trading
- pierre23 replied Oct 4, 2010
EU currently +105 pips. Position was entered with a 10pip stop so I am happy with this trade. I think I will move SL to + and see how this pair develops today. Screenshot attached, Red lines are weekly channel, Blue daily channel and Green H4 ...
Trade What You See - Almost Naked Trading
- pierre23 replied Oct 3, 2010
I believe the news release helped nudge the xxx/JPY pairs more than usual, good trading. I'm currently short on EU at 1.3181, after a small bounce from the top of a weekly, daily and H4 channel, we'll see how this one develops..
Trade What You See - Almost Naked Trading
- pierre23 replied Sep 30, 2010
Actually, to the naked eye the chart I posted does looks like those lower candles connect to the larger one before the drop, but as you can see, with the line actually drawn there's still a 20-30pip gap between the line and top of the candle (this ...
Trade What You See - Almost Naked Trading
- pierre23 replied Sep 30, 2010
I'm assuming this is the short you're looking at? Sure that would have worked, however I can't find a tap that works just before the big drop. My time is Australian GMT+10 with FXCM Australia.. in fact, when I pull up the charts in the fxcm trading ...
Trade What You See - Almost Naked Trading
- pierre23 replied Sep 30, 2010
Chart differences... — Hi LawGirl, please see attached image. Fairly big differences in candle formations, just wondering what timezone you are in?
Trade What You See - Almost Naked Trading
- pierre23 replied Sep 29, 2010
"5. Take Profits (TP) and Stop Losses (SL) You can place set TP and SL if you are more comfortable with that. I use support and resistence levels for both. Remember that H4 and larger TFs must have more breathing room, so do not place SL too ...
Trade What You See - Almost Naked Trading
- pierre23 replied Sep 27, 2010
Mate, the same can be said about the thread you created called 'Forex Techniques Development Group'.. everything there has been said and done before on these forums and I'm sure you dont need anyone going into your thread and telling you that it's ...
Trade What You See - Almost Naked Trading