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  • #106,381
  • Jun 5, 2020 2:16pm Jun 5, 2020 2:16pm
Quoting Matts Micro
Short. {image}
TS SL 11pips. Bit it off a bit early perhaps as it just started moving again but it's Friday (actually Saturday here now) so had to shut it off sometime....

Have a good weekend.
As the lights go by so too do the shadows move
  • #106,382
  • Jun 5, 2020 2:51pm Jun 5, 2020 2:51pm
weekly is still bullish... next week might be bullish/choppy...
  • #106,383
  • Jun 5, 2020 2:57pm Jun 5, 2020 2:57pm
I agree this is still bullish, especially if 6960 support holds today. It has been making new highs for last 7 days in a row. I don't think it is done yet but it has to end at some point.
  • #106,384
  • Edited 8:13pm Jun 5, 2020 7:55pm | Edited 8:13pm
This weeks distro , can see it hit 3 previous long term high vol areas (blue lines).

if buyers hold 6880 this week it might carve out a new range and push high, otherwise it might be a case of testing the low (6880ish), back to 6950 and then a possible sell-off as time will test buyers targeting 6800
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grist for the mill
  • #106,385
  • Jun 6, 2020 3:03am Jun 6, 2020 3:03am
In my head
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https://investizo.com/investment/view?server=1&login=2141779119
  • #106,386
  • Jun 6, 2020 12:59pm Jun 6, 2020 12:59pm
Once you become fearless life becomes limitless.
  • #106,387
  • Jun 6, 2020 5:48pm Jun 6, 2020 5:48pm
Quoting Traderview
Once you become fearless life becomes limitless.
Man ! what a Great philophy Quote !
Love it !
Russell lloyd - Macro never lies
  • #106,388
  • Jun 7, 2020 2:32pm Jun 7, 2020 2:32pm
Quoting dondealova
In my head {image}
It might happen again but only if China takes over the USA's leadership of the world!
  • #106,389
  • Jun 7, 2020 6:10pm Jun 7, 2020 6:10pm
Looks like another bullish day for AUD. The OPEC oil cut will push S&P higher and that will keep AUD up.
  • #106,390
  • Jun 7, 2020 6:34pm Jun 7, 2020 6:34pm
Quoting jaylovin
weekly is still bullish... next week might be bullish/choppy...
I got a potential 72.xx target on AU before it stalls. Either way its buy the dips right now. Same goes for AJ
  • #106,391
  • Jun 7, 2020 6:44pm Jun 7, 2020 6:44pm
Quoting jaylovin
{quote} I got a potential 72.xx target on AU before it stalls. Either way its buy the dips right now. Same goes for AJ
I guess this is why.

Attached Image (click to enlarge)
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Everyone can see the chart, but only a few can actually read it.
  • #106,392
  • Jun 7, 2020 6:45pm Jun 7, 2020 6:45pm
usd bulls getting a punch in the nose monday morning..

Quoting jaylovin
{quote} I got a potential 72.xx target on AU before it stalls. Either way its buy the dips right now. Same goes for AJ
yeah will need to drag more longs in and exhaust. i think i will FLOOD SCALP early week highs
grist for the mill
  • #106,393
  • Jun 8, 2020 5:09am Jun 8, 2020 5:09am
Quoting OnlineAddict
{quote} I guess this is why. {image}

exactly

my point being I don’t want to sell, not until we see bearish moves on a bigger tf
  • #106,394
  • Jun 8, 2020 7:36am Jun 8, 2020 7:36am
thoughts on shorting AU right now?
  • #106,395
  • Jun 8, 2020 8:06am Jun 8, 2020 8:06am
depends where your planning to short to? and how wide your SL is..

we are in an uptrend, imo the market has not yet shown that its in a down trend. 6950 might support for some... 6975 needs to break
  • #106,396
  • Jun 8, 2020 8:24am Jun 8, 2020 8:24am
Quoting Weinlich
thoughts on shorting AU right now?
I think it might go little higher when US market opens. Not too high, but there might be initial push up.
  • #106,397
  • Jun 8, 2020 10:13am Jun 8, 2020 10:13am
This is 3 weeks straight buy the dips.. crazy! Again gooing for 0.7.. i dont get the PA really. The stock just goes for dip buying rally, but in same time yenn got much stronger?
  • #106,398
  • Jun 8, 2020 10:32am Jun 8, 2020 10:32am
Current AU trade. Waiting to see if it breaks out.
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As the lights go by so too do the shadows move
  • #106,399
  • Jun 8, 2020 11:14am Jun 8, 2020 11:14am
seems like a range up here...can't tell if we are running out of steam...still favor looking for longs for now...
Attached Image (click to enlarge)
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Get the Lag out
  • #106,400
  • Jun 8, 2020 11:29am Jun 8, 2020 11:29am
7000+ looks like a beautiful short. Not sure for how many pips...but no need to wait for a higher price...correction may be already starting.
Everyone can see the chart, but only a few can actually read it.
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