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- Dra replied Nov 20, 2011
Sounds like youre doing the right thing. The long term TL can be drawn from a higher time frame as well as you can zoom out/compress the chart to draw all trendlines possible then you determine the different lines. Below is a chart showing 3 diff ...
- Dra replied Mar 23, 2011
Trading H&S formations at S&R levels on 1H chart.. — Below is a eurusd 1H chart showing an entry at resistance. The present daily chart shows an engulfing bearish candle at resistance so my bias is bearish(short term). On the 1H you'll ...
- Dra replied Mar 19, 2011
Trading H&S formations at S&R levels! — Below you will see exactly whats explained above on a recent GBPJPY chart, trend line was broken, swing low was also broken, then there was a retrace to form the right tip which was the entry at ...
- Dra replied Oct 5, 2010
Shandy if you should draw the counter daily trend line, you would see that the market is now on the C-D leg up, chances are it will go all the way up to test that long term down trendline. Also the inner daily down trendline has been broken.
- Dra replied Sep 18, 2010
Maybe if you had check the daily by compressing the chart you wouldn't have entered short there. The bias was long after the bounce at support. I recommend you check the daily before trading the lower time frames. With a bounce at support there you ...
- Dra replied Oct 29, 2009
Two good entries but your charts are a bit off. None of those lines are trend lines. The fibs are valid but thats not how we identify the C. Theres has to be a wave before a TL is drawn. What happened on both charts was a bounce off the back side of ...
- Dra replied Oct 27, 2009
Maybe if you had taken a look at the daily you wouldnt go long there. The wave up on the daily is now complete shown at the fib. extension, so its possible we might have a reversal. Also we have a double top formation at a level where past support ...
- Dra replied Oct 5, 2009
Guess you miss the 1H entry last night.A nice break and test of a 1H trend line. The huge ES formed last week is sign that it might trend lower
- Dra replied Aug 22, 2009
Gbpchf Long* — Similar to GU Gchf was showing bullish sign on the daily. Bullish engulfing formation above the trend line at fib. number. So I had a long bias as well. image After the formation I draw counter TL on lower time frame/4H, ...
- Dra replied Aug 22, 2009
Eurcad Short — The daily chart is showing a break of the up trend line and also it shows a current down trend line, we are both south of the down TL and the up TL, this gives us a short bias. Daily chart forms tweezer bottoms at the 38.2 fib. ...
- Dra replied Aug 22, 2009
Another EU Long — On the EU 4H we had a counter trend line that was broken and tested which gave another entry at the fib.s 38.2. Remember our bias is long all the way so these were good set ups after the daily confirms the direction. image ...
- Dra replied Aug 22, 2009
Eurusd Long — Similar to GU on EU we had engulfing bullish formation at the up trend line and at fib. 78.6 as show in the 1st chart below. image image As soon as it form we start thinking long. This was a comfortable stop however we could ...
- Dra replied Aug 22, 2009
Another GU entry — The market then gave another entry from the 1h chart. It retrace to test the 1H up trend line at the fib 78.6 and formed a bullish engulfing candle. The arrows on the chart below shows the two GU entries respectively. The ...
- Dra replied Aug 22, 2009
GU Long — As promise here are the details for a few trades taken this week. First chart below is GU daily. Its showing bullish engulfing candle at the test of the up trend line and also at the fib. 61.8. image As soon as it form we start ...
- Dra replied Aug 9, 2009
GU Long — I like the pound long for this week. The fact that it breaks the 1.6600 level which was tested a few times gives me a strong bull bias and also the current daily trend is up.
- Dra replied Jan 20, 2009
Crown Formation — The chart posted below(audcad) shows the break of an up trendline then a test of that same TL which gave an entry after the close of the engulfing bearish candle.As you will see this is also a Crown/H&S Formation. These are ...
- Dra replied Jan 10, 2009
Placing Stop Loss — The chart below shows an entry that formed below the TL and also below the past support level. The stop for this particular trade should be placed at the level of the past support. Reason is that the past support level is ...
- Dra replied Jan 7, 2009
Posted below are a few entries I took this week. The first chart is audchf-daily, the entry is from the 4H TF after the formation of the engulfing bearish pattern at the TL. The second chart shows usdjpy retracing to the TL and also forms an ...
- Dra replied Dec 5, 2008
Sorry for not being present for the most part of the week to answer your questions. Its been a busy week for me. I will review the thread over the weekend and reply where necessary. Thanks to all those who contribute by assisting others to ...
- Dra replied Dec 1, 2008
Eurchf is a nice short, take a look at the weekly and you will see that its resisting or has resist the past support line, also it is now retesting the TL it previously breaks. (The white TL is from the daily) My entry is from the daily last week.