AUDCHF trade update — Here's an update to the AUDCHF trade I posted yesterday. Almost textbook perfect and according to plan, with little to no drawdown. image

Backing Trades Thru Charts

Yes SMART provides scanners for background. As far as how good they are, I trade mainly hourly timeframes and up, and since I've only been using it for 2 days now.... that's tough to answer. I'm honestly not sure at this point just how good that ...

Trade Using VSA (Volume Spread Analysis)

Agreed. It paid for itself today... the first day I've used it. EDIT: I should add that I"m not a strict VSA trader by any means, but rather I use it to identify areas of strength or weakness when nearing potential reversal areas I've determined ...

Trade Using VSA (Volume Spread Analysis)

The monkeys were part of a volunteer project that we took over here in Panama which was a wildlife rescue. We had over 100 animals. Tons of great experiences from having baby monkeys in the house, to teaching falcons to hunt to getting mauled by a ...

Backing Trades Thru Charts

Well guys, I'm off for a while. I may do some posting tonight, but I'm off to Costa Rica for the rest of the week for a little R&R before the move to the other side of the Atlantic. I'll still be trading though... God knows I can't quit.

Backing Trades Thru Charts

If that $600B EUR reverse settlement deal comes true, there will be no choice.

Backing Trades Thru Charts

Last thing... I don't have time to chart it, but USDCHF had a beautiful bounce from the daily TL. Check it out.

Backing Trades Thru Charts

CHFJPY Resistance + VSA This may not be the perfect VSA scenario, but there is weakness in the background with multiple signs of weakness and it's at a resistance level so I shorted it. This is what I mean by using VSA as a compliment to pattern ...

Backing Trades Thru Charts

0.8075 and I will move stops to BE @ 100 pips. That said I'm not completely in love with the trade because of all of the gloom and doom (which is well deserved) about the Euro. And with cable being as strong as it is... at any rate. I hope to pull a ...

Backing Trades Thru Charts

Well on symmetrical triangles there are statistics to note. Those being that upwards breakouts reach the apex 66% of the time and downwards breakouts reach the apex 48% of the time. So given a height of 764 pips the target would be around 366 from ...

Backing Trades Thru Charts

To my eye this looks like a perfect bullish butterfly. A-B 78.6 of X-A. X-D is 127.2 of X-A. A-D is 161.8 of A-B (which coincides with the 127.2 of X-A). I'm taking it! image

Backing Trades Thru Charts

Yeah, I had my trendline drawn wrong. I reversed about 30 minutes ago. IT goes well with my AUDCAD and EURCAD shorts as well.

Backing Trades Thru Charts

AUDCHF short + opp to add or enter. Explained in Chart. image

Backing Trades Thru Charts

I'm short, but watching that TL. It's looking like it's going to be a bounce in the short term, so I'll just take my money and wait most likely.

Backing Trades Thru Charts

While this isn't a chart per se, it shows that the maturity date for about $600B in ECB reverse transactions must be settled Wednesday and Thursday. Hold onto your shorts! (pun completely intended) image

Backing Trades Thru Charts

I shorted it @ the 38.2 fib which happened to be a historical S/R point. And just to throw a little VSA into the mix it printed a no demand bar at the 38.2 fib. I'm shorting it to the 73 area as I have a rough channel drawn (red LTL is visible in ...

Backing Trades Thru Charts

I actually got long at the trendline.

Backing Trades Thru Charts

Playing around with Shamus's VSA system as I thought it might be a good compliment to pattern trading. Anyways, this is looking like a good short, so stay tuned. image

Backing Trades Thru Charts

That's what friends are for

Backing Trades Thru Charts

Hell7 posted it a while back. I got most of them, then got long at support, but cut it after 30 or so pips because it didn't get a rejection with much force. url

Backing Trades Thru Charts