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05-02-2008, 12:40 PM
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DailyFX Moderator
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Join Date: Sep 2003
Posts: 351
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Trend Line Trading
Join a discussion on Trend Line theories.
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05-02-2008, 06:33 PM
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Join Date: Jul 2007
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Dear Moderator,
OK.. So are we actually going to have Moderators participate in this forum or is it going to just Fade away like some of the others have?
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05-04-2008, 12:09 PM
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Join Date: May 2005
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Brad
I like these charts you are posting. thanks
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05-06-2008, 09:36 PM
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CHFJPY Break out of Bullish Channel
Having broken down out of an upward-sloping channel that had contained price action since February, CHFJPY found support at the 61.8% Fibonacci retracement of the 03/20-04/22 rally at 99.41. Should this support be broken, the bearish drop could be very large.
Ilya
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05-06-2008, 09:43 PM
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Join Date: Mar 2008
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Quote:
Originally Posted by brad_1199
Here is a look at GBPJPY... There are two trend lines in play here. The first one has been broken already giving way to corrective price action towards the second trend line. A Trend line can be drawn on the bottom side of current price and cloned to be placed above the price to give price a corrective channel to move up into.. Bulls are in control until We get a breach of the bottom corrective trend line (RED LINE)
There is a Bullish Engulfing Candle followed by a Harami after the down trend confirming a reversal in price.
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Looks good to me Brad - nicely done.
Ilya |
05-07-2008, 03:39 PM
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Join Date: May 2008
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Chf_jpy
Quote:
Originally Posted by Ilya Spivak
Having broken down out of an upward-sloping channel that had contained price action since February, CHFJPY found support at the 61.8% Fibonacci retracement of the 03/20-04/22 rally at 99.41. Should this support be broken, the bearish drop could be very large.
Ilya
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Hi Ilya..
I've got a slightly different view for this pair. I'll be looking for a bounce off of support to buy. |
05-07-2008, 05:56 PM
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Join Date: Mar 2008
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Quote:
Originally Posted by abrawn
Hi Ilya..
I've got a slightly different view for this pair. I'll be looking for a bounce off of support to buy.
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Very interesting - this is certainly a valid way of setting up the trend line on CHFJPY. Looks like we're just at the support you drew, so we'll see where it goes from there.
Ilya |
05-07-2008, 06:06 PM
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Join Date: May 2005
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Brad....
the charts and comments and notes are really illuminating...
I hope you have time to do a lot of these, I am sure that more than me benefit from your insights...
thanks
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05-07-2008, 07:29 PM
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Join Date: May 2008
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Quote:
Originally Posted by Blaiserboy
Brad....
the charts and comments and notes are really illuminating...
I hope you have time to do a lot of these, I am sure that more than me benefit from your insights...
thanks
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Ilya / Brad / and others...
Agreed. This is my preferred timeframe / method for trading, so the additional viewpoints are much appreciated.
ps. Brad. what program are you using for your notes / commentary on your charts ? |
05-07-2008, 09:09 PM
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Join Date: May 2008
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GBPCHF daily
It appears the downward trendline has held for touch number 3. We also see a candle close below the trendline piercing candle, indicating downward strength.
Aaron
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05-08-2008, 06:28 PM
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USDJPY
nuther look.......
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05-09-2008, 01:55 AM
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GBPUSD just at channel support. There is also an Inverted Hammer candlestick (albeit unconfirmed) for yesterday's price action. As the trend is down, my preference is for an entry order short at the channel top.
Ilya
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05-09-2008, 11:52 AM
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GBPUSD 240 minute
Ilya...... would you enter once the lower line is passed. or would you insist on waiting for a top?
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05-09-2008, 03:19 PM
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Eur Aud
Looks like we're seeing a 3rd touch on the EUR AUD bullish trendline. Of course, i'll wait for the candle to close for confirmation thou....
Aaron
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05-09-2008, 05:54 PM
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Join Date: Jul 2007
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abrawn, Blaiserboy, & brad_1199,
I applaud your Charts and analysis. They have provided some insight to me for simple trading techniques. Please keep up the Excellent work. I really enjoy reviewing them.
__________________
Trade what you see, not what you think. Act on what is happening right now.
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