I still like the idea ab=cd at USDCHF, sell at current level (1,0700) SL=1.0800 tp at 1.0500 then switch to long
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DislikedWe have a change of sentiment on AUD and EUR. Not a surprise really as I was also shorting both currencies today so it just confirms to me that I am a typical retail trader
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Dislikedthanx for the report,
so we were among the crowd today!! but you know that I'm still holding EURUSD Long based on my ab=cd pattern
+ I just went short cable at 1.5710 , this one is not included in the retailer !!Ignored
DislikedYou know I said to you earlier today that I could see a case for long AUD before the German/Greece news came out. I haven't quite caught up on what the latest news is. I heard that Germany were backtracking slightly and I want to have another look at my charts. In the meantime, here is USDX 4 hour chart. You can see that we bounced from this area twice before. I'm not sure if we are we going to get third time lucky.
Attachment
Okay, I've quickly checked one of my charts. We've had a 4 hour candle open and close above my 34 EMA....Ignored
DislikedHi Patience,
Can you please explain what this indicator is and how to interpret it?
also do you mind attaching that indi here?
thanks
PuksIgnored
DislikedHi Puks
See this post http://www.forexfactory.com/showpost...2&postcount=83. I've been observing the indicator for about six months I think. Like anything, it needs screen time.
Slow morning I see. I was expecting to see it higher when I woke up. I think I'll just keep my eye on the USDX and buy any bounce from or around 200 MA on 1 hour chart. Not looking to buy, just sell at higher levels.
AttachmentIgnored
DislikedThanks Patience.
I am short AUD for two reasons.
1. I am expecting (same way I was expecting Interest rates) disappointing employment numbers.
2. 8810 is a strong R so I am keeping my stop above that level.
CheersIgnored
US Dollar Forecast to Rally Further against Euro, British Pound
Aggressive US Dollar and Japanese Yen rallies have been met with similarly aggressive crowd selling, giving strong contrarian signal to buy into USD and JPY strength. In fact, the number of traders long the British Pound against the Japanese Yen grew a substantial 56 percent while the crowd long the GBP/USD grew by a similar 43 percent from last week. Though persistent strength increases the likelihood of short-term pullbacks, the tide has clearly turned in the previously-downtrodden US Dollar’s favor and it is likely to continue higher into the coming months’ trade. Shorter-term, our SSI suggests that traders should buy declines in the US currency.
DislikedDailyfx's SSI
US Dollar Forecast to Rally Further against Euro, British Pound
[left][color=#000000]Aggressive US Dollar and Japanese Yen rallies have been met with similarly aggressive crowd selling, giving strong contrarian signal to buy into USD and JPY strength. In fact, the number of traders long the British Pound against the Japanese Yen grew a substantial 56 percent while the crowd long the GBP/USD grew by a similar 43 percent from last week. Though persistent strength increases the likelihood of short-term...Ignored
DislikedPlease dont tell me Cable is due for another slump.
I am long from 1.5650Ignored