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Backing Trades Thru Charts

Thanks. The targets were far enough away that I'm experimenting with "position building". So far, so good, so what. LOL.

Backing Trades Thru Charts

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Backing Trades Thru Charts

Charts and well-thought-out analysis are what it's all about....if that's clutter, we're all doomed.

Silent Service Method

When I look at a chart of the DOW or S&P it's clear all the volume has been on the sell-side since December...but that doesn't mean the big boys won't let every Tom Dick and Harry bid prices back up to the levels the want to short at. Our last ...

Silent Service Method

ATM I have a good deal of profit to the long side. This trade was initiated on a pattern basis with a projected 1st target of 1.58. I personally can't think of any good reason the pound will see 1.58....but I don't need to know why. I'm just trying ...

Silent Service Method

I'm hoping for a rejection around 1.50-1.51--->push down to 1.47-48 and I will add another long if it looks willing.

Silent Service Method

Yeah....seriously.....please disregard my rambling. Ouch.

Backing Trades Thru Charts

I have an indi for gartley's and b-fly's, but you can't just trade everything it prints. I use it mostly to eliminate non-opportunities. In regards to other patterns, you might have an easier time looking at daily's and weeklies because they give ...

Backing Trades Thru Charts

IMO London traders have been driving the FX markets much more than the US session. And I think the "uncertainty" is in regards to where do the markets (in general) find their next bottom? A lower low, or a higher low? That's the million dollar ...

Silent Service Method

That was a great call infinity. I put that chart up on my freestockcharts list and have been watching it. Would've taken it myself if I had a real brokerage account image

Silent Service Method

And the pound daily is currently printing a large outside bar. I expected some pushback...but it's looking more and more I'll get bumped out. Depending on what happens tomorrow, I may even re-enter as long as the patterns are not invalidated.

Silent Service Method

You are 100% correct there. this is a post from last night (it's easier than re-loading images) the second position on the swissy got closed for a .25% loss and my third position on the pound is now underwater..the others are at BE:

Silent Service Method

You know what sucks about being long the pound/dollar? BP accounts for 1 of every 6 Pounds in dividends paid in the UK. Every time BP takes a hit, so do all retired UK-state pensioners. At this rate The UK will be forced to bail them out eventually, ...

Silent Service Method

Please add something useful to this discussion (or any discussion). This method has merit regardless of Jacko's personal results.

Jacko's Forex House of Pleasure and Pain

I'll play. — Two I'm in: Charting is MT4 demo, trades on Oanda: usdchf: short @1.1650 & 1.15 image image gbpusd : long @ 1.4409, 1.4426 & 1.4547 image image

Backing Trades Thru Charts

I like this, I've been pondering incorporating Jacko's AH for when I do the right thing , but early (like all the time) No matter what US markets do that poor euro just can't seem to get a break...at least it will help their exports...LOL.

Silent Service Method

Sounds like a good read...coming to grips with the type of trader I am has (and still is ) been the biggest challenge for me. It's one of the reasons I don't post as much as I used to, because I know I've graduated from novice, but still don't feel ...

Silent Service Method

I really hate putting myself out here as the village-counter-trend-idiot, but for the sake of disclosure, I'm in two pattern trades right now that point to a sustained mid-term rally (US equities, euro, and all the other positively correlated ...

Silent Service Method