For the AUD gold and to a lesser extent oil down. Also probably everyone eas long in in the AUD given its rise so a correction when they unload is probably well due.
The G/U is just retracing a bit.
Cable Update (GBPUSD)
Hi.
I don't know anything about news. I don't trade news, just charts.
I added long to what I saw earlier on the chart that's all.
Flat is not a bad position to be in tho tbh
- #171,803
- Oct 1, 2009 5:22am Oct 1, 2009 5:22am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thanks Azim, if this is a set up for GU's downward spiral, I'll be glad to sit on the fence to wait for entry. G/L...
good luck to you too
Thank You
- #171,804
- Oct 1, 2009 5:24am Oct 1, 2009 5:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Cable to 1.6140 / 70 max
Dragon 144.70 / 145.00 max
Thank You
- #171,805
- Oct 1, 2009 5:25am Oct 1, 2009 5:25am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #171,806
- Oct 1, 2009 5:25am Oct 1, 2009 5:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i just tried to scalp this mofo got killed...im on the fence..
i dont like scalping
i dont like scalping
- #171,807
- Oct 1, 2009 5:27am Oct 1, 2009 5:27am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i just tried to scalp this mofo got killed...im on the fence..
i dont like scalping
Thank You
- #171,808
- Oct 1, 2009 5:28am Oct 1, 2009 5:28am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Bullish thrust candle close on 4hr ...this is what I am looking at on 1hr now...the immediate post data bounce off the trend line circled has resulted in price arriving at the underside of the broken ascending trend line (grey wide dotted) with 50% fib 6124-5922 and a previous 1hr swing hi=prev res=pot res zone (circled zone)...where it has encountered some resistance...in generally bullish conditions.
Trend is up to 30min now, 1hr is uncertain..U.s data and Bernanke later. It's been generally bullish since london open reversing asian/overnight...
just get to nervous when theres no signal confirmation
1 minute - 5 minutes bearish and 4hr bullish
- #171,809
- Oct 1, 2009 5:30am Oct 1, 2009 5:30am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
dragon had undoubtedly been a scalpers dream for 2 days now bro
yes only cause yen stregth had a bullish pin and so did gbp..so every1 is confused as a mother!!
i was long on that as well but bailed..hehe
- #171,810
- Oct 1, 2009 5:33am Oct 1, 2009 5:33am
- Joined Mar 2009 | Status: FX | 3,789 Posts
dragon 147 max
Veni, Vidi, Vici (We came, we saw, we conquered)
- #171,811
- Oct 1, 2009 5:35am Oct 1, 2009 5:35am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
yes i just scalped that for 4 pips....lol
just get to nervous when theres no signal confirmation
1 minute - 5 minutes bearish and 4hr bullish
I only trade thrust candles in hi-prob circumstances...ie
a. with next t/f = trend when it's own macd signal line is above it's zero axis-uptrend/below-downtrend and it and at least t/f macd signal line is pointing in direction of intended trade
b. a thrust b/o of a channel..
That 4hr was neither....also with a thrust candle in either circumstances a or b above, the stop is best at other end of candle.
G/L
ex member
- #171,812
- Oct 1, 2009 5:36am Oct 1, 2009 5:36am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
yes only cause yen stregth had a bullish pin and so did gbp..so every1 is confused as a mother!!
i was long on that as well but bailed..hehe
Thank You
- #171,813
- Oct 1, 2009 5:37am Oct 1, 2009 5:37am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Don't worry 145 breaks I'll join you to 146.30
Thank You
- #171,814
- Oct 1, 2009 5:38am Oct 1, 2009 5:38am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
Nice work bro
Yeah mate long cable & dragon... I'm only riding the retrace overall cable and dragon remains bearish.
Cable to 1.6140 / 70 max
Dragon 144.70 / 145.00 max
What think thee?
- #171,816
- Oct 1, 2009 5:42am Oct 1, 2009 5:42am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #171,817
- Oct 1, 2009 5:43am Oct 1, 2009 5:43am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #171,818
- Oct 1, 2009 5:44am Oct 1, 2009 5:44am
- Joined Mar 2009 | Status: FX | 3,789 Posts
What did you say? I can't hear you, opps there she goes ...
We now have support at 1.5980 on our side
Veni, Vidi, Vici (We came, we saw, we conquered)
- #171,819
- Oct 1, 2009 5:44am Oct 1, 2009 5:44am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i tried to play a trendline touch of the ascending channel on 1hr i got killed, honestly to me trendlines a bullsh*t to trade with for accuracy..
they should be called "account blowers"
they just ok for giving a direction for price
Thank You
- #171,820
- Oct 1, 2009 5:47am Oct 1, 2009 5:47am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I trade okay with trendlines
and they still doing the job just blowing yur account the right way