- #289
- Oct 14, 2009 1:16pm Oct 14, 2009 1:16pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Hi Traders,
This thread seems very quiet, ok ok read dead...
Today i've traded the USD/JPY long, yesterday i traded the same pair, USD/JPY, short, the day before i traded the AUD/USD long, it all depends which price action on the intra-day charts appeals to me.
here is my reading of the charts:
This thread seems very quiet, ok ok read dead...
Today i've traded the USD/JPY long, yesterday i traded the same pair, USD/JPY, short, the day before i traded the AUD/USD long, it all depends which price action on the intra-day charts appeals to me.here is my reading of the charts:
- Daily Trend is Down,
- Daily Sentiment is Down,
- Hourly Trend is Down, very strong.
- 15min Trend is Down.
However, i see that the Daily, especially, is very much "oversold" according to my system, so i'll monitor this pair in the Daily and Hourly for a ''snap-back" long intra-day trade.
PS: just pocked a long scalp of 8 pips off the 1 min chart.
- #290
- Oct 14, 2009 1:20pm Oct 14, 2009 1:20pm
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
- #291
- Oct 14, 2009 1:22pm Oct 14, 2009 1:22pm
Hi Traders,
This thread seems very quiet, ok ok read dead...
here is my reading of the charts:
[list][*]Daily Trend is Down,[*][color=Blue][color=Red][b]Daily...
Btw, I also think this thread should be made active so lets get this one buzzing as well!!!
Hi Traders,
This thread seems very quiet, ok ok read dead...
here is my reading of the charts:
[list][*]Daily Trend is Down,[*][color=Blue][color=Red][b]Daily...
- #293
- Oct 14, 2009 1:30pm Oct 14, 2009 1:30pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Hello X.Oden,
if you please, can you tell me:
if you please, can you tell me:
- why you went short in the 1st place,
- your timeframe or charts you were looking at when you went short,
- how do you sleep at night...
- all the questions above is friendly,
Pak Tiger,
you may be a little too early i think, but then again, if you know what you're doing then go for it.
- #294
- Oct 14, 2009 1:34pm Oct 14, 2009 1:34pm
Hello X.Oden,
if you please, can you tell me:
- why you went short in the 1st place,
- your timeframe or charts you were looking at when you went short,
- how do you sleep at night...
- all the questions above is friendly,
Pak Tiger,
you may be a little too early i think, but then again, if you know what you're doing then go for it.
I thought i was a bit late with that move
Well i'm expecting to retrace back to 1.0175-1.0190 level before it gets further down!! Won't be waiting too much though since i mostly close all my trades at the end of the day!! Lets see!
- #296
- Oct 14, 2009 1:42pm Oct 14, 2009 1:42pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
Pak Tiger,
so far so good for that long...
PS: how did your other long USD/JPY trades from earlier the day played out?
so far so good for that long...
PS: how did your other long USD/JPY trades from earlier the day played out?
- #297
- Oct 14, 2009 1:46pm Oct 14, 2009 1:46pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
1H there is a hammer or doji forming...signal for the bottom in the downtrend
price nearing resistance zone now of 167 to 173 
- #299
- Oct 14, 2009 1:52pm Oct 14, 2009 1:52pm
Pak Tiger,
so far so good for that long...
PS: how did your other long USD/JPY trades from earlier the day played out?
- #300
- Oct 14, 2009 2:06pm Oct 14, 2009 2:06pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
good Pak Tiger ....
a word of caution here on this pair, the USD/CHF, the trend on the hourly chart is still very strong down, so i'm only looking to scalp long here until the strength of the 1 hr decreases.
a word of caution here on this pair, the USD/CHF, the trend on the hourly chart is still very strong down, so i'm only looking to scalp long here until the strength of the 1 hr decreases.