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Welcome to Addicted2Trading.com, a non commercial .com site about trading started by a small private trader as a means to share some charts.
EUR/CHF Intraday July 30, 2010
The 4 hour EUR/CHF chart shows that the short taken a few days ago reached it's first target (the bottom of the flag). Time to take some off for 300 pips, keeping a small part to catch the flush should price break below.
US Dollar Index Daily July 29, 2010
The daily chart of the continuous DX US Dollar future shows that price reached the 50% retracement level of the recent swing higher.
EUR/CHF Intraday July 28, 2010
The 4 hour EUR/CHF chart shows that the trade I was shaken out of earlier reached it's target, and that price seems ready to revisit the lower line of this large flag.
GBP/USD Intraday July 28, 2010
The 4 hour chart of the GBP/USD shows that price reached the upper band of this large green pitchfork, just below the 50% retracement level of the entire move down.
AUD/USD Intraday July 22, 2010
The daily AUD/USD chart shows that price is getting close to the upper border of this large red pitchfork.
Nuts
-2% +3% -4% +4%
bullish outside bar followed by a bearish one followed by another bullish one
etc etc
These markets are completely nuts! And although as a daytrader I like volatility, these unidirectional sprints without respect for support & resistance make it impossible to get into a move, or to capture a reversal.
After having made 100+ trades in July risking 0.5% on each trade my account is up .. wait for it .. 2%! So I guess it's time to take a few weeks off until things normalize.
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AUD/CAD Daily July 20, 2010
The daily AUD/CAD chart shows that price reached the top of a large wedge and the orange resistance.
EUR/USD Intraday July 15, 2010
I don't know much about EW theory, but the wave count on this 4 hour EUR/USD chart shows that the bull-run might be over, and that we are headed to new lows.
GBP/USD Daily July 14, 2010
The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.
