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- Intrepid32 replied Jun 27, 2012
Not attacking you Daddy Bear, just giving Redbox his props on a good trade.
- Intrepid32 replied Jun 27, 2012
Nice Trade Redbox! I watched the debate between you and Daddy Bear this afternoon when you posted this and he went on his Elliott Wave rant. You won that round!
- Intrepid32 replied Jun 25, 2012
If she makes .9930 she will at least make .9900. 50% retracement from June 1 low of .9580 to June 20 high of 1.0223. 61% retrace comes in around .9825.
- Intrepid32 replied Jun 14, 2012
Going Higher — We just broke out of a major triangle formation. The retracement to retest the breakout point is textbook style for another leg higher.
- Intrepid32 replied May 21, 2012
Updated Chart — Updated chart.....Testing upper resistance of descending channel now. Closed longs, will re-enter if the channel breaks.
- Intrepid32 replied May 19, 2012
Looks like the sell-off to .9795 was a push to the lower edge of the descending channel, then a bounce. We've since posted higher swing lows on the hourly charts, so if it holds, we should test the upper edge of the descending channel somewhere ...
- Intrepid32 replied May 14, 2012
That sneaky spike down was a test of the 61% Fib Level on Aud and 78% Level on Euro. Hence the quick pop back up on both.
- Intrepid32 replied May 14, 2012
Target hit on AU for 103 pips. Out of both trades for 183 pips total.
- Intrepid32 replied May 14, 2012
Target hit....closed for 80 pips!
- Intrepid32 replied May 13, 2012
Playing out on Euro as suspected. China news kept the AUD afloat or it would have done the same.
- Intrepid32 replied May 12, 2012
No crystal ball Whale....just managing risk/reward and probabilities, as I seem to recall seeing this movie a few times before. Why 1.2860 area?? Primarily the 23% Fib Level from July '08 Highs to June '10 Lows. Look at your daily and weekly candles ...
- Intrepid32 replied May 11, 2012
Sunday Gap — I suspect we will gap down on Sunday and then fall even further. Stops are all just below 1.0020, so they will gap it down lower and the stops will be triggered much lower than where they were set. That will trigger additional ...
- Intrepid32 replied May 6, 2012
61% Fib Levels — Looks like AU bounced off the 61.8% Fib Level from Nov lows of .9650 to Feb Highs of 1.0856. EU did the same from Jan lows of 1.2625 to Feb Highs of 1.3485.
- Intrepid32 replied Apr 29, 2012
I read this book...it's very insightful into how the market makers business model works and how they drive prices, however, when it gets to how you can capture your profits, he refers you to a link to buy his trading system. Very disappointing ...
- Intrepid32 replied Apr 24, 2012
Don't get too bullish yet.....We just rejected at the 61% retracement from this week's drop.
- Intrepid32 replied Apr 24, 2012
Covered shorts at 1.0250...out for 130 pips. (risked 10 pips, had 3 pip drawdown)
- Intrepid32 replied Apr 22, 2012
Closed short at 1.0356 (daily pivot point) Better to bank the 24 pips than to hold the risk through major news event.
- Intrepid32 replied Apr 22, 2012
Haven't a clue....rather than guessing, I'll play action based on "if this, then this" scenarios. I would be surprised though if we took out last week's highs before the news and since we are there now, I will short at the open.
- Intrepid32 replied Apr 22, 2012
Several ways to interpret AU chart. We had a descending channel that broke 2 weeks ago around 1.0350 and surged to 1.0450. Then it rolled back last week to retest the broken channel. It touched around 1.0310 and immediately went higher again, but ...
- Intrepid32 replied Apr 20, 2012
Your Symphonie Indicator looks interesting. Do you have a copy that you can post?