DislikedR & S for this week in my opinion:
R1: 8620
R2: 8660
R3: 8700
S1: 8560
S2: 8500
S3: 8430Ignored
if there is any possibility of 8800 ... i dont think its going to be this week ...
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedR & S for this week in my opinion:
R1: 8620
R2: 8660
R3: 8700
S1: 8560
S2: 8500
S3: 8430Ignored
Dislikedif it doesn't penetrate .8650-60, it surely is a double top and I'll add more shorts from there.
This rally has to stop, somewhere, eventually...............Ignored
DislikedJust some food for thought. The average weekly range for the last 15 weeks has been 286 pips. We have only done 137 pips with the high at 86.47 and low at 85.10.
The rally will stop, somewhere, eventually. I know I'm preaching again but when the market is in a mood like this, be nimble if you are going to short. Why not wait for a confirmed reversal? Please look at your hourly, 4 hour, daily, weekly and monthly candles. Do they look red? Quite a nice pin bar on the 4 hour a couple of candles ago as well.Ignored
DislikedWait for a confirmed reversal. Nothing is saying to me to short and if USDX breaks 77.00, who knows where we are going to end up.
What is telling you to short? Unless you are nipping in and out for 5 or 10 pips but you said you were a position trader.
[EDIT] Because there might be a double top? If it is going to be a double top, wait for it to confirm itself before jumping in unless you are scalping for a few pips. Anyway, I don't know if you have unlimited funds or not. Can you not trade the other way e.g. I know you are already short,...Ignored
DislikedYes I am a position trader and I am short from average .8400. The only reason I wanted to add more shorts it to bring my average up so that I can come out early from this mess...Ignored
DislikedWait for a confirmed reversal. Nothing is saying to me to short and if USDX breaks 77.00, who knows where we are going to end up.
What is telling you to short? Unless you are nipping in and out for 5 or 10 pips but you said you were a position trader.
[EDIT] Because there might be a double top? If it is going to be a double top, wait for it to confirm itself before jumping in unless you are scalping for a few pips. Anyway, I don't know if you have unlimited funds or not. Can you not trade the other way e.g. I know you are already short, can...Ignored
DislikedYes I am a position trader and I am short from average .8400. The only reason I wanted to add more shorts it to bring my average up so that I can come out early from this mess...Ignored
DislikedPatience,
Put on one little short.... just waiting to see... just wanted a few pipsIgnored
DislikedI've got two short soldiers down at 0.8425 and 0.8470 from Friday. Got sucked right in.
I went long on Monday at 0.8520 and added at 0.8550. I can go both ways in my FXCM UK account. I'm not hedging, I'm looking to take profit.
I'm not sure when the market is going to come back. My soldiers in the 0.8400 area might be battling for quite a while but I have a well capitalised account and can handle quite a lot of drawdown without freaking out. It's just the way I trade - lots of people would disagree.Ignored
Dislikedno, i think agree ... i've got 7 down but i will survive ... my 8th player coming into play at 8700 ...Ignored