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tradpat Aug 14, 2010 12:45am | Post# 81

Just want to say thank you so much for sharing your experience, John and Paul.
Your trades have always enlightened my trading skills.
Pls. continue...

I am glad you have positive trades this week...

Happy Weekend and Have More Pipping Next Week...

Lee

tradpat Aug 16, 2010 1:08pm | Post# 82

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Hello John and Gromit

How are your trades?

I still monitor the E-G, short on 13-8.
It has little movement today?

tpat
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uncle gromit Aug 16, 2010 1:32pm | Post# 83

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All square. Looking to go long AUD/USD if these levels hold into the close 2 night.

Paul
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tradpat Aug 16, 2010 1:51pm | Post# 84

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Hi Paul & John

I just noticed may be a pin bar liked is forming up on N-U?
Any comment?

Paul, I am not good with Fibo. I like the A-U.
I tried it just now in N-U but I am not sure whether it is also 61.8, or 38.2?
Any help?

Got to Zzz.

tpat
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highlander2 Aug 16, 2010 4:13pm | Post# 85

looks like the aus/usd is quite a nice setup, nice bounce on support. mmmm.....im quite bullish on the usd right now, but i guess i will have to leave that, and do what the chart tells me to do. as of now it says it is thinking about going up. we have positive divergence on the RSI and good volume today, not that i care much for indicators.

I will probably wait for it to come down a bit before getting in. Would like to get in at 8924.

will decide in a while.

uncle gromit Aug 16, 2010 4:20pm | Post# 86

Couldn't agree more.

highlander2 Aug 16, 2010 5:20pm | Post# 87

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long order set at .8924, SL at .8824 TP at .9132, have a feeling we wont retrace, but if you look on the 1 hr there is a possible head and shoulders forming. could retrace to make the right one.

I give this setup a score of 7.5/10, given we're underneath the 8 and 21 day ema, wish they were below, but the 50 is.

G/L
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tradpat Aug 16, 2010 8:08pm | Post# 88

long order set at .8924, SL at .8824 TP at .9132, have a feeling we wont retrace, but if you look on the 1 hr there is a possible head and shoulders forming. could retrace to make the right one.

I give this setup a score of 7.5/10, given we're underneath the 8 and 21 day ema, wish they were below, but the 50 is.

G/L
Good analysis!
Thanks for sharing.

tpat

highlander2 Aug 17, 2010 4:12am | Post# 89

entry order missed at the moment, will leave it on for today, unlikely to comeback down now, i look like howard beale in my avatar right now

uncle gromit Aug 17, 2010 7:36am | Post# 90

aud/usd
 
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entry order missed at the moment, will leave it on for today, unlikely to comeback down now, i look like howard beale in my avatar right now
Long from last night. Stop under todays low. Target 0.9200 previous swing high.
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highlander2 Aug 17, 2010 7:55am | Post# 91

good work uncle gromit, i had a feeling my order would not get filled, its looking good 4 you at the moment.

thankfully im still long on gold and it is doing well, stops at 1210 tp at 1240 and 1250. expecting a pull back first though.

tradpat Aug 17, 2010 11:04am | Post# 92

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Hi gromit & highlander

It looks nice on A-U Me also on long today with SL50, TP200.
I got it long on H1 after the candle touched on TL and the engulfing candle shown.
John I went to H1 after reading your comment (lucky lor this time )

I think the candle may "pause" today (before heading hopefully north) at the level as shown by the doji on July 27.

Kingly advise...
When comes tomorrow, how would one manage the trade (say if it generates 50++ pips)?
To BE or let it runs?

Thanks for your time.
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tradpat Aug 17, 2010 11:11am | Post# 93


thankfully im still long on gold and it is doing well, stops at 1210 tp at 1240 and 1250. expecting a pull back first though.


I just noticed to trade gold the spreads are 50?

uncle gromit Aug 17, 2010 1:06pm | Post# 94

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Hi gromit & highlander

It looks nice on A-U Me also on long today with SL50, TP200.
I got it long on H1 after the candle touched on TL and the engulfing candle shown.
John I went to H1 after reading your comment (lucky lor this time )

I think the candle may "pause" today (before heading hopefully north) at the level as shown by the doji on July 27.

Kingly advise...
When comes tomorrow, how would one manage the trade (say if it generates 50++ pips)?
To BE or let it runs?

Thanks for your time.
Moved to BE. Level I'm watching 0.9068
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highlander2 Aug 17, 2010 4:56pm | Post# 95

Gold Update
 
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Gold did not do much today, but will close near the open, i believe that a pull back is on the cards tomorow, 1218 was old support, this really has to hold, i would trail stops underneath, but its very possible that price will false break this level then bounce.

may go puchase a cheap binary option to protect gains tomorow.
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tradpat Aug 17, 2010 7:56pm | Post# 96

Moved to BE. Level I'm watching 0.9068
Thanks, gromit.
Just notice... isn't that a "W" shape forming in H4?

tradpat Aug 17, 2010 8:11pm | Post# 97

Gold did not do much today, but will close near the open, i believe that a pull back is on the cards tomorow, 1218 was old support, this really has to hold, i would trail stops underneath, but its very possible that price will false break this level then bounce.

may go puchase a cheap binary option to protect gains tomorow.
Good analysis, highlander
Pin bars were shown on H1 and H4 not long ago...
A pull back is highly possible before heading north (hope so)

highlander2 Aug 18, 2010 12:27pm | Post# 98

Closed 1 position on gold, entry was 1199, exit nearly 1232.
was looking for more but with such a strong rally i expect it to pullback again. taking some money while its there. still long on second position from 1207, gold still very very bullish, hopefully see 1240-50 in the coming days, like i say though, overbought at the moment.

also 1218 level was tested and held.

uncle gromit Aug 18, 2010 5:05pm | Post# 99

Closed 1 position on gold, entry was 1199, exit nearly 1232.
was looking for more but with such a strong rally i expect it to pullback again. taking some money while its there. still long on second position from 1207, gold still very very bullish, hopefully see 1240-50 in the coming days, like i say though, overbought at the moment.

also 1218 level was tested and held.
Very nice.

Out of aud/usd for a small profit. Chart looks a bit toppy now. Nothing concrete, just gut instinct.

tradpat Aug 18, 2010 8:54pm | Post# 100

Out of aud/usd for a small profit.
Same to me.

Closed 1 position on gold, entry was 1199, exit nearly 1232.


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