AUD/USD weekly Pinbar...I'm liking this too, but I'm going to wait and see if it breaks the pivot zone of 0.9220. This is still an uptrend though, so my stop will be tighter than normal.
- #10,382
- Apr 29, 2008 4:21pm Apr 29, 2008 4:21pm
another one to watch on 4hr cable see pink support area three times now this has held coupled with a pin bar (I know its not the best example) tommorrows triple interest too which could push the price up.
- #10,383
- Apr 29, 2008 4:46pm Apr 29, 2008 4:46pm
Hmm, are we looking at the same bar (3rd from right) It looks closer to doji than pin.. I like your idea of waiting on interest rates. I'd wait to see where this last bar closes too. The yellow is pivot area. The white line is current price. Pretty close right now, could go either way?
- #10,389
- Apr 29, 2008 5:19pm Apr 29, 2008 5:19pm
Really? Bummer...I wonder if I'm uploading a wrong size. They show up for me when I view the thread.
You were braver than me on that weekly pin bar. I was going to wait til it broke 0.9360. But now with the nice 4 hour, I may jump in and short at 0.9410. Maybe I don't like bucking the trend especially at 00 numbers, but I will be watching
You were braver than me on that weekly pin bar. I was going to wait til it broke 0.9360. But now with the nice 4 hour, I may jump in and short at 0.9410. Maybe
I don't like bucking the trend especially at 00 numbers, but I will be watching
- #10,390
- Apr 29, 2008 5:38pm Apr 29, 2008 5:38pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Really? Bummer...I wonder if I'm uploading a wrong size. They show up for me when I view the thread.
You were braver than me on that weekly pin bar. I was going to wait til it broke 0.9360. But now with the nice 4 hour, I may jump in and short at 0.9410. Maybe
Indicators show the past. Price Action "Indicates" the future.
- #10,393
- Apr 29, 2008 6:20pm Apr 29, 2008 6:20pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Awesome, glad they are showing up Jarroo!
My first attempt at uploading charts, so it was a crapshoot.
My play at Aud/Cad:
I'm going to watch and maybe Short at 0.9410 and see what it will do at 0.9380. I think if it breaks 0.9360, then I will short again and trail it. I'm more of a daily trend follower, so this trade is not usual for me, but I like the odds. Smaller lot play for the 1st and my usual size if I get my 2nd entry. If it breaks that 0 fib line, I think she may have to go down a bit more and I can grab some good pips from it.
I think if the daily was going to start showing a reversal, it would have to break 0.9300, so I'm going to have some shorter stops than what I would normally use for daily trending plays. I still consider this counter trend. I'm not sure if the daily is ready to reverse yet... maybe not until it breaks below 0.9300, or even lower. I'm just looking to play in some consolidation and I think the pair may be due.
Are you using any Price Action to trigger you trades on the Aud/Cad?
I like the break short at .9410, which is the bottom of the daily Inside Bar.
Jim
Indicators show the past. Price Action "Indicates" the future.
- #10,397
- Apr 29, 2008 6:33pm Apr 29, 2008 6:33pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #10,398
- Apr 29, 2008 6:42pm Apr 29, 2008 6:42pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Bit of a head and shoulders on the AUD/USD daily?
Indicators show the past. Price Action "Indicates" the future.
- #10,399
- Apr 29, 2008 6:45pm Apr 29, 2008 6:45pm
LOL... could be worse. Could be one of those pretty looking rainbow charts that the guppy scalpers use. They are pretty but I swear they could make you blind after awhile.
I think if it retraces down, it'll go back up to the 32 level around 0.7930. Still risky to me though
I think if it retraces down, it'll go back up to the 32 level around 0.7930. Still risky to me though
