DislikedOn 4 hour chart we are into a period of indecision since marked higher low so I then look to the daily chart - until we get a break of approx 8060 high or approx 7800 low it is not clear whether the move from 8060 to 7800 was a pullback or reversal. My bias is towards shorts given RBA warnings on the effect of too high an exchange rate and the size of the move up since June would support a bigger pullback (if not reversal). Need to be prepared for moves in either direction though as even if it is a reversal we may see retests of the high first....Ignored
- Post #102,643
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- Aug 24, 2017 4:14am Aug 24, 2017 4:14am
making money is easy in forex, losing money is even easier...
- Post #102,645
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- Aug 24, 2017 5:33am Aug 24, 2017 5:33am
- Joined Dec 2015 | Status: Member | 7,803 Posts
- Post #102,646
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- Aug 24, 2017 7:05am Aug 24, 2017 7:05am
- | Membership Revoked | Joined Jun 2017 | 328 Posts
I can.I will. End of story.
- Post #102,649
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- Edited 10:56am Aug 25, 2017 10:45am | Edited 10:56am
- Joined Aug 2009 | Status: Ride the Pig | 31,178 Posts
Look Sharp/Trade Tight
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- Aug 26, 2017 3:18am Aug 26, 2017 3:18am
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- Post #102,653
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- Aug 28, 2017 4:39am Aug 28, 2017 4:39am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
Markets are Irrational
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- Aug 28, 2017 4:48am Aug 28, 2017 4:48am
making money is easy in forex, losing money is even easier...
- Post #102,655
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- Aug 28, 2017 5:02am Aug 28, 2017 5:02am
- | Membership Revoked | Joined Nov 2012 | 3,392 Posts
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
- Post #102,656
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- Edited 5:43am Aug 28, 2017 5:16am | Edited 5:43am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
Markets are Irrational
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- Aug 28, 2017 6:04am Aug 28, 2017 6:04am
- | Membership Revoked | Joined Jun 2017 | 328 Posts
I can.I will. End of story.
- Post #102,658
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- Aug 28, 2017 8:31am Aug 28, 2017 8:31am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
Markets are Irrational
- Post #102,659
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- Aug 28, 2017 8:32am Aug 28, 2017 8:32am
- Joined Dec 2015 | Status: Member | 7,803 Posts
- Post #102,660
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- Aug 28, 2017 8:34am Aug 28, 2017 8:34am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
Markets are Irrational