Dislikedthe second chart of yours (gold) seems like pinoccio bar, its reversal sign correct?Ignored
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Dislikedthe second chart of yours (gold) seems like pinoccio bar, its reversal sign correct?Ignored
DislikedG'day
I saw a third red candle on 4 hour chart this morning 8.0 am SYD time and since then the PA has tried to penetrate a solid support of .8680. it keeps bouncing from that level but if it breaks during early EU session, the next support is way down at .8550-70 .
Considering the combination of fundamental factors, I am sensing that the relief for our fighting soldiers "may be" "Just may be" around the corner.
Fingers crossed...
Ignored
DislikedI'm not really a technical's person but fundamentaly we'll pull back because of the markets profit taking. Along with concerns for economic recoveries and sustainability.
However technically, we're seeing lower highers and lower lows in a way... on the M5 chart anyway.Ignored
DislikedSPOT ON...
That is what I am seeing too. Lower lows and lower highs ==> Decending triangle with a potential downward breakout.
Thanks to Fammira, I am holding on to my shorts and indicators are pointing towards a little profit tonight. He was 100% correct in asking me to hold on to my shorts.Ignored
Dislikedyou made the decision yourself and I think is the right one (I don't know exactly where you bought), I just wanted you to avoid one of the most common mistake traders tend to do and that we always did at least once.
remember that when everything seems very bullish or very bearish is very often the start of a contrarian move, and just like you noticed the market's pump and dump moves (aimed at taking profit at higher levels and build sells at higher prices) you will see exactly the same moves happening every X trading days in the opposite direction...Ignored
DislikedThanks Fammira. I really appreciate your help to newbies like myself. Yes I will hold on to this position and due to this 100 pips drop, i have some breathing space in my account which I can use to scalp in EUR/USD.Ignored
DislikedNice set up to go short agian, I notice there is a high RRR set up at 30min/1 hr chart to add to short AUDUSD positions, it's a declining channel, and in my opinion it's gonna break into the down side, if it doenst turn to be a flag of course
Sell now,
SL :.87149
TP: .8610Ignored
DislikedHi Guys
Because I'm not feeling confident about a long or short at the moment, I'm going to stand aside.
Attachment
USDX 4 Hour Chart
We also tested my 34 EMA on my 4 hour USDX chart but it was immediately rejected at this stage.
Attachment
Bank of Scotland's Daily Market Strategy
Attachment
Good trades
.Ignored
DislikedHi Patience,
I also got the same signals on my 4 hourly chart and hence I added to my shorts.
In my opinion, I believe this pair will trade around .8650 (+ or - 20 pips) and by NY close, we may well be .85xx
I have been copping this spike up my backside for last 15 days and today, may be today, is the day to reverse the trend.
Lets hope for the better weekend, its long overdue....Ignored
DislikedHi Puks
Glad to see you are still surviving. I see Shanghai Index took a bath but US futures are green at the moment. Gold and crude are still hanging in there.
I am more biased for short but I like to have certain things confirm for me before I place a trade and because I'm getting mixed messages, I'd prefer to stand aside. Gawd knows it is due for a retracement and yesterday's daily candle wasn't very pretty.
Good luck though. If you survive this, you should be able to survive anything. We have all been thereIgnored
DislikedThose that are bearish AUD should be hugely rewarded by buying GBP/AUD at current levels 1.8775
Enter smallIgnored
DislikedIts at its lowest and very extended
Please don't enter $15 pips on this one
enter small and put a 1000 pip target profit and forget about itIgnored
Dislikedyeah I wont make that mistake. Well, let me tell you my story. I went short at U$1.5 per pip and then added further 9 more lots to make that level at $15/pip. currently I am $12/pip and freed up some margin to scalp during tonight's widely expected volatile market.
Let me study the graph and get back to you.
BTW, what are your thoughts on AUD/USD? do you agree that its going down or should I hedge with long position in euro from here?
thanksIgnored
Dislikedyeah I wont make that mistake. Well, let me tell you my story. I went short at U$1.5 per pip and then added further 9 more lots to make that level at $15/pip. currently I am $12/pip and freed up some margin to scalp during tonight's widely expected volatile market.Ignored