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Trading Journals Keep track of your trading journal here. A trading journal is a great way to extract valuable knowledge from your past trades.

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  #61  
Old 02-25-2008, 05:23 AM
hp983989 hp983989 is offline
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Hello Diwaker1,

Any entry below FE50 will be good or better. Just remember this is a longer term trade so give some room for stop loss and take profits as you desired.

Cheers,

john
  #62  
Old 02-26-2008, 02:08 AM
DIWAKER1 DIWAKER1 is offline
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thank you for the suggestion john. it gapped up at open on sunday, it looked too good so i did get in at 1.6106 and am currently holding it.
  #63  
Old 06-10-2008, 09:10 PM
sachin sachin is offline
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Default Re: Usd/Chf long - divergence setup

Hi Sunil,
When you are going to conduct the next technical Anaylsis course? please Email me at ssonkusale@yahoo.com

regds
SACHIN


Quote:
Originally Posted by SunilFXI View Post
20.6.07: 20.12GMT
Usd/Chf long: Entry -1.2376; Stop 1.2345; Targets 1.2445 / 1.2469
Comments: Using the Top-Down approach, we noticed a bullish regular divergence on the 4Hr in the making, along with a bullish Hidden Divergence also at the same time. It was a very powerful indication of a change to the uptrend, and we waited almost for the entire day for price to find a bottom. (In the process, did we lose out on a short trade - of appr.35 points wellmaybe, but the general opinion was that the upcoming long trade was worth the wait.)
We estimated the end of the downtrend by using Fib projections, and price indeed found support at exactly the 1.618 projection.
The end of the downtrend was further confirmed by a Railway Tracks reversal pattern on the 1Hr.
We took a long trade based on these 2 factors, and again used the Fib projections to estimate the targets.
The trade has gone in our favor, and we will be following it up subsequently.
R: R ratio -
We have an expected profit of 124 points for a risk of 31 points.
This gave us an excellent R: R ratio of 1:4.
Note: Enclosed is the chart of this trade.
  #64  
Old 06-12-2008, 04:05 PM
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EugeneFXI EugeneFXI is offline
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Default Re: Usd/Chf long - divergence setup

Quote:
Originally Posted by sachin View Post
Hi Sunil,
When you are going to conduct the next technical Anaylsis course? please Email me at ssonkusale@yahoo.com

regds
SACHIN
Sachin, I'm sorry, but Sunil is no longer working with us. Please take a look at our weekly schedule to see when our courses are coming up. We teach several technical analysis topics on a regular basis, so don't miss it.

We also have a video archive of many past lessons right here.

In the meantime, I'm going to close this thread to prevent any confusion.
__________________

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