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Thread: Trend Line Trading

  1. #601
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    Lightbulb EUR/USD bouncing from 30M trend line


  2. #602
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    Question GBP/JPY bouncing from 30M trend line

    GBP/JPY bouncing from 30M trend line

    I will look to go short if prize brake bellow 132.531 with 132.00 as a profit target

    Note:Indicators not giving support to this decision

    Brake above 133.000 will give us good opportunity to go long.

    GBP/JPY 30M

    Trend Line Trading-gbpjpy30m.jpg

  3. #603
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    Question NZD/USD bouncing from 4H trend line

    Looks like NZD/USD bouncing from 07/09, 24/09 uptrend on 4H chart

    round number resistance at 0.73000 & prize bounced twice from it.

    If it brakes looks for buying with 38% FIB retracement at 0.73205 as first
    profit target

    NZD/USD 4H chart

    Trend Line Trading-nzdusd201009244h.jpg

    FIB levels

    Name:  NZDUSD201009244HFIBc.png
Views: 265
Size:  14.8 KB

    Last edited by ashok.kumara; 09-24-2010 at 03:00 AM.

  4. #604
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    Red face

    Quote Originally Posted by ashok.kumara View Post
    Looks like NZD/USD bouncing from 07/09, 24/09 uptrend on 4H chart

    round number resistance at 0.73000 & prize bounced twice from it.

    If it brakes looks for buying with 38% FIB retracement at 0.73205 as first
    profit target

    NZD/USD 4H chart

    Click image for larger version. 

Name:	NZDUSD201009244H.jpg 
Views:	258 
Size:	66.1 KB 
ID:	67966

    FIB levels

    Name:  NZDUSD201009244HFIBc.png
Views: 265
Size:  14.8 KB

    I have limited out with +16 pips at 38FIB retracement

    NZD/USD 4H chart

    before



    after
    Trend Line Trading-nzdusd2010092414h.jpg

  5. #605
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    Gregory McLeod is offline DailyFX Moderator/Trader
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    Nice Trades

    Very Nice Trade Ashok! Congratulations. Your logic and methods are excellent!
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  6. #606
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    Question AUD/JPY bouncing from 30M trend line?

    AUD/JPY bouncing from 30M trend line.

    81.20 will be my first profit target

    AUD/JPY 30M

    Trend Line Trading-audjpy30m_trend.jpg

    AUD/JPY 5M

    Name:  5M.PNG
Views: 240
Size:  16.4 KB

  7. #607
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    Red face

    Quote Originally Posted by ashok.kumara View Post
    AUD/JPY bouncing from 30M trend line.

    81.20 will be my first profit target

    AUD/JPY 30M

    Click image for larger version. 

Name:	AUDJPY30M_trend.jpg 
Views:	234 
Size:	53.0 KB 
ID:	68355

    AUD/JPY 5M

    Name:  5M.PNG
Views: 240
Size:  16.4 KB
    Prize broke 81.20 & reached the 9/21 high of 81.334.

    I have limited out this trade with +18.6 pips

    AUD/JPY 30M

    before



    after

    Trend Line Trading-audjpy30m.jpg
    Last edited by ashok.kumara; 09-29-2010 at 09:14 AM.

  8. #608
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    Question AUD/USD kissing 30M trend-line!

    Currently AUD/USD kissing 30M trend line.

    I will look for buying If prize brake round number resistance at 0.97

    MACD shows -ve divergence.With correct candlestick pattern I will look for possibilities of getting short!

    AUD/USD 30M
    Trend Line Trading-audusd30m.jpg

  9. #609
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    Question EUR/USD 15M downtrend channel!

    Prize is hugging 15M downtrend of EUR/USD!

    EUR/USD 15M

    Trend Line Trading-eurusd15m.jpg

  10. #610
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    Angry

    Quote Originally Posted by ashok.kumara View Post
    Currently AUD/USD kissing 30M trend line.

    I will look for buying If prize brake round number resistance at 0.97

    MACD shows -ve divergence.With correct candlestick pattern I will look for possibilities of getting short!

    AUD/USD 30M
    Click image for larger version. 

Name:	AUDUSD30M.jpg 
Views:	309 
Size:	51.6 KB 
ID:	68479
    caught to a false brake-out & stopped out with -12.8pips

    before


    after
    Trend Line Trading-audusd30m.jpg

  11. #611
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    Question GBP/CAD bouncing from 4H trend line

    GBP/CAD bouncing from 4H trend line

    Direction is not very clear. I will wait till Landon open to enter this trade

    GBP/CAD 4H
    Trend Line Trading-gbpcad4h.jpg



  12. #612
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    Question NZD/USD hugging the 30M trend-line!!

    NZD/USD hugging the 30M trend-line

    Will it brake or bounce ?

    Trend Line Trading-nzdusd30mrendine.jpg

  13. #613
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    AUD/CAD touching the 30M trend-line!

    AUD/CAD touching the 30M trend-line!
    MACD & SSD showing +ve divergence.

    AUD/CAD 30M
    Trend Line Trading-audcad30mtrndline.jpg

  14. #614
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    Question

    Quote Originally Posted by ashok.kumara View Post
    GBP/CAD bouncing from 4H trend line

    Direction is not very clear. I will wait till Landon open to enter this trade

    GBP/CAD 4H
    Click image for larger version. 

Name:	GBPCAD4H.jpg 
Views:	83 
Size:	58.0 KB 
ID:	68572
    Get long GBP/CAD at 1.6234 with 1.63 as the first profit target

  15. #615
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    Question NZD/JPY bouncing from 1H trend line!

    NZD/JPY bouncing from 1H trend line

    Got short at 61.606 with first profit target just above 61.8 fib replacement of last corrective move.

    Trend Line Trading-nzdjpy4h.jpg

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