No, I was referring to the t1 on my chart, in the 1.6530 area. I've traded enough of these that just turn around at t1, which also is where I take 1/2 my position off and tighten stops. I cannot reliably predict weather or not price will continue to ...

Backing Trades Thru Charts

I'll give this a shot: My long winded answer was based not only on the DJIA but on it's potential movement based upon FX correlations. Since those have changed with respect the the index, that analysis is shelved for the moment. I think the VSA guys ...

Silent Service Method

As it stands there are roughly a dozen good reasons to short the pound. If you trade intraday or less, there could be easy shorts with small targets, but if you're trading the daily or weekly, you should look for some kind of battle between the ...

Nearly Naked (Simple Trades)

image

Backing Trades Thru Charts

I have a really long-winded answer the essentially amounts to : I don't know. I may post it later, but I would've had a much clearer view if it had happened two days ago.

Silent Service Method

DJIA posted 434 M shares traded today. Double the average daily volume of the last week. Finally, something worth paying attention to.

Silent Service Method

Thank you. That's awesome.

Backing Trades Thru Charts

Thanks profxtrader, you make this stuff look way too easy.

Backing Trades Thru Charts

I have done a little reading on wedges since finding this thread, does anybody here have a method to extrapolate targets from the pattern? Thanks

Backing Trades Thru Charts

Don't government institutions need to spend/lose what money they're given in order to qualify for more? I can't imagine they would have much incentive (unless these are private investors who happen to work in government).

Nearly Naked (Simple Trades)

The swissy may turn around completely, and I might tighten my stops even more, but my first target on the pound is 1.58 (even I don't even believe it), so I'm testing my own resolve, but still wanted to make something if it all goes to s**t.

Backing Trades Thru Charts

Please forgive the long post since I am new to this thread...but it's been a real good day: ------------------------------------------------------------------------------ It's Friday, and I've done very well on these trades. In the interest of ...

Nearly Naked (Simple Trades)

taking some profit.... — It's Friday, and I've done very well on these trades. In the interest of keeping some of the money I made..... After reviewing the original charts I printed upon entry to these trades, I had marked 109.50 as first ...

Backing Trades Thru Charts

It's Friday, and I've done very well on these trades. In the interest of keeping some of the money I made..... After reviewing the original charts I printed upon entry to these trades, I had marked 109.50 as first target (I know I said 108, but my ...

Silent Service Method

PS: Another way to view today's action on the pound is not as a break, but as a stop-run, and the the southward train can start again. I was confused by all the folks who wanted to short the pound at 1.50 when it was clear that there wasn't any kind ...

Silent Service Method

I think it will come back to test 1.50 in a few days. You could short it for a couple of hundred pips (if I'm right). My hope is to see some bullish PA around 1.4850-1.50 to add more longs. First we'll have to see if the break holds.

Silent Service Method

I suspect it will return to normal too, but as food for thought, the DJIA lost 140 points today and the eurusd barely gave back half the gains it made during London. Right now London session is driving the FX markets more than US session, and I ...

Silent Service Method

I'm with Saxon with this, though it was Samer who brought it to my attention 2 weeks ago (Thanks Samer). 1st target is 108 for me. image

Nearly Naked (Simple Trades)

I'm drawn to things with multi-handle targets, so there's a lot of $ to be made by others playing the intermediate moves. I think there's enough money to go around no matter what side of a trade you're on.

Nearly Naked (Simple Trades)

I like the kiwi short, but don't like what it implies (if successful) to other correlated trades I have on. Just gonna wait and watch for a bit.

Nearly Naked (Simple Trades)