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That's great, thanks for your help.

That's great, thank you for the explanation. What is the trigger that defines the formation? Is it a break through the b wave? Do you have any examples you may be able to post?

Can someone please give me an example of what Linda Raschke means by a power buy/sell setup? I've scowered the internet and her website looking for a definition/example and have come up blank. It looks like a simple a.b.c. correction after an impulse high, but my intuition is telling me its...

Correct with the GBP...tgt is 1.75ish...usdchf head and shoulders attached...neckline about 1.2950...with a stable eurchf(1.5420), puts the euro at 1.1900ish...notice the divergence in MACD as we were making lower lows, and the break up over 1.2700 puts the tgt for the chf @ 1.32...fyi

Hey Trade-Ya, I'm with you...but I'm just showing what is developing technically...and doesn't it worry you a bit that all this money is tied up in a weakening of the $, think about the profits that have already been accrued with this 2 year trend...with a possible change in fundamentals(Fed...

We may be breaking down from a L/T Weekly wedge, and violating an extreme trendline going back early 2002...In my experience, L/T trends do not reverse unless there is a change in fundamentals...perhaps the renewing of a hawkish Fed Policy is the catalyst for a correction, or perhaps the end of...

I just covered my aussie on a dip at 62...was short at 57...I'll resell on a true break of 45...I think if you leave a stop at 1.21 that the noise may take you out...a stop above 20-30 is where it should be...but good luck...i'm done for the day.

my stop in aussie is 85...so about 15 points away...I don't love it, its closing strong, and I was into the trade a bit early without having the confirmation of a print below 45...but i'll keep it on since my stop is so close...we've still got a shot...the way i see it, we are in a very tight...

We break thru 1.2060 it confirms a 1-2-3 V reversal for a minimum tgt of 1.2015...good luck...playing aussie with same formation

Why do you use stops when it seems like you are constantly getting right back in?

usdchf, gbpusd, and audusd are all moving away from their extremes...except the euro, it may play catchup or it may be leading...not sure here

from a risk/reward view, my tgt was 1.2080...I'd have to risk above 1.2140 ...and we've had no bounce since we broke back down off the highs...there'll be other trades...but I wouldn't play the long side, and selling in the hole is scary...again, there will be other trades.

think we may be playing in nothing but noise in the euro...

nuked at 32, that may be it for the downside in euro..

Yet another Raschke grail trade printed...sold euros @ 1.2117 risking 1.2132 for 1.2090 and lwr...risk reward about 1:1, but its a better than 50% success rate...

are there any GBP traders out there? I think this thing is going to continue to collapse, we've broken through trendlines, head and shoulders neck lines, previous lows, 200 day MA's...the whole lot...if you like euro lower, gbp may be the better play as eurgbp looks to be trading fairly bid...

I agree and disagree with you Neal. I think that the edge that the day trader has is that he is first to catch when the long term systems guys are caught in a position...and this is seen as divergences in momentum or lack of follow-thru, false breaks,etc...the daytrader can predict where...

I'm pretty much all technical analysis, but get my ideas on price action and look for indicator confirmation...I trade my long term chart ideas with short term entries and exits for greater risk control...I was just curious because you are always on both sides of the market it seems, keep up the...

What do you use to trigger trades? What's your analysis like? What timeframes do you use?

what it is basically is in a strongly trending mkt...(ADX>30), you look for a test/breach of the 20 period exponential avg...in a downtrend(like in euro) we went up to the 20 period avg...you then sell a break of the low of the bar that tested the avg for a test of the lows.