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  • #81
  • Apr 9, 2010 3:03am Apr 9, 2010 3:03am
Quoting Saxon
Ya, she's making a run for it but I think AU has overextended itself. This is interesting.
i shorted a/u at 9297 with tight SL and TP perhaps 9288
  • #82
  • Apr 9, 2010 3:09am Apr 9, 2010 3:09am
the theme for the night seems to be go long xx/usd and xx/jpy pairs, and as i said earlier im staying away from commodity pairs, but i'd not be surprised see them do opposite - my only position is short usd/chf, but i may short a/u at 9325, we'lls ee
  • #83
  • Apr 9, 2010 3:10am Apr 9, 2010 3:10am
Quoting Clouds
the theme for the night seems to be go long xx/usd and xx/jpy pairs, and as i said earlier im staying away from commodity pairs, but i'd not be surprised see them do opposite - my only position is short usd/chf
hmm yep agree, bad setup there, and i got out at b/e, a/u seems not satisfied with 9300
  • #84
  • Apr 9, 2010 3:13am Apr 9, 2010 3:13am
Quoting Clouds
the theme for the night seems to be go long xx/usd and xx/jpy pairs, and as i said earlier im staying away from commodity pairs, but i'd not be surprised see them do opposite - my only position is short usd/chf
Here is what I got below you, but your short should be doing well.

You are coming up on 50 fib and S/R 1.0684. Nice trade. I too am not in AUD
Attached Image (click to enlarge)
Click to Enlarge Name: chf blue2.gif Size: 48 KB
  • #85
  • Apr 9, 2010 3:14am Apr 9, 2010 3:14am
how far does usd/chf go in 1 day? or daily average? 100 pips or so? i may set tp 1.06 , then short a/u
  • #86
  • Apr 9, 2010 3:17am Apr 9, 2010 3:17am
Place sell orders at 9310 and 9320 for au. Euro moving stops up to 13365 oco 13430 and 13470.

Have fun. Going out on for some errands. Good luck guys.
  • #87
  • Apr 9, 2010 3:18am Apr 9, 2010 3:18am
Quoting Saxon
Here is what I got below you, but your short should be doing well.

You are coming up on 50 fib and S/R 1.0684. Nice trade. I too am not in AUD
cool. i also see congested area from 1.06-1.07 from the 29th-31st, i may tp around 1.0590-1.06
  • #88
  • Apr 9, 2010 3:18am Apr 9, 2010 3:18am
Quoting Saxon
It's almost there. I have my SL 10 pips back and will eyball the TP. How are you set up?
Similar to yourself....

Join in to my trading room...mate if you wish....

Email me your skype.id
Let Price determine your future!
  • #89
  • Apr 9, 2010 3:34am Apr 9, 2010 3:34am
nice channel, if breaks out of this , may see 1.0720
Attached Image
  • #90
  • Apr 9, 2010 3:37am Apr 9, 2010 3:37am
Quoting Saxon
Here is what I got below you, but your short should be doing well.

You are coming up on 50 fib and S/R 1.0684. Nice trade. I too am not in AUD
Hi Saxon, great effort in starting up this thread!

Can I ask when you draw up the fibo retracement, what TF chart did you use?
  • #91
  • Apr 9, 2010 3:39am Apr 9, 2010 3:39am
Quoting Clouds
nice channel, if breaks out of this , may see 1.0720
Attachment
Did you close out your short?
  • #92
  • Apr 9, 2010 3:43am Apr 9, 2010 3:43am
Quoting GoldenGold
Hi Saxon, great effort in starting up this thread!

Can I ask when you draw up the fibo retracement, what TF chart did you use?
Here is the chart panned out. I used H4 and it was from way back. It is reverse playing on a down. It is losing it's strength now due to PA breaking 61.8 fib. I would draw multiple fibs on the two swings prior and look for confluence. I think the bounce CHF saw was more due to the Stationary S/R than the fib. I will probably delete fib off this chart and re-draw now.
Attached Image (click to enlarge)
Click to Enlarge Name: chf blue222.gif Size: 53 KB
  • #93
  • Apr 9, 2010 3:45am Apr 9, 2010 3:45am
Quoting Saxon
Did you close out your short?
no, not yet, im seeing resistance at 1.0698, i put my stop 1.0710, what u think
  • #94
  • Apr 9, 2010 3:48am Apr 9, 2010 3:48am
Quoting Clouds
no, not yet, im seeing resistance at 1.0698, i put my stop 1.0710, what u think
I'm not as much of a risk taker, which is bad and good. If you are in this for the medium to long term than I think your stop is ok, but I am a wuss and have my stops tight (not always good). It is your style and how YOU feel best. I trust your judgement, I've seen your posts and you are spot on a lot and one of the best. So, I should be asking you quesitons Besides, it seems to have come back down to test S/R.
  • #95
  • Apr 9, 2010 3:52am Apr 9, 2010 3:52am
Quoting Saxon
I'm not as much of a risk taker, which is bad and good. If you are in this for the medium to long term than I think your stop is ok, but I am a wuss and have my stops tight (not always good). It is your style and how YOU feel best. I trust your judgement, I've seen your posts and you are spot on a lot and one of the best. So, I should be asking you quesitons Besides, it seems to have come back down to test S/R.
here is why why i see resistance, if we can break below previous low, and then test it again, i can move stop

Attached Image
  • #96
  • Apr 9, 2010 3:53am Apr 9, 2010 3:53am
Good Morning Saxon. Nice thread you started and already many pages!

A/U is knocking on Daily R1 right now at 9311... Weekly isn't far away at 9330 but looks to me if M15 candle closes as a bear candle that a 10-20 pip trade will take place.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #97
  • Apr 9, 2010 3:56am Apr 9, 2010 3:56am
Quoting Clouds
here is why why i see resistance, if we can break below previous low, and then test it again, i can move stop

Attachment
The violet is kinda what I see as your next barrier to cross.
Attached Image (click to enlarge)
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  • #98
  • Apr 9, 2010 3:59am Apr 9, 2010 3:59am
Quoting MarcVUM
Good Morning Saxon. Nice thread you started and already many pages!

A/U is knocking on Daily R1 right now at 9311... Weekly isn't far away at 9330 but looks to me if M15 candle closes as a bear candle that a 10-20 pip trade will take place.
Hey, thanks! Ya, the pages are adding. This thread has worked out well. The calls from people on here were spot on and made a lot of pips.

Can you throw up your chart with pivots. I find that a lot of charting systems calculate pivots different and your's seem to work well. I will post my AUD chart ASAP.

Good to have you on the thread!
  • #99
  • Apr 9, 2010 4:07am Apr 9, 2010 4:07am
Quoting Saxon
The violet is kinda what I see as your next barrier to cross.
not to mention this. ill keep my stops tight, and if a/u goes up to 9330 , i may switch trades

Attached Image
  • #100
  • Apr 9, 2010 4:07am Apr 9, 2010 4:07am
Here is my simple S/R AUD chart. Next S/R for me is 93227 coming from a high a while back. I'm sure someone already posted it though. That is all I have between here and up. I never though AUD would break 93, foot in mouth. So I never charted for this scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 16 KB
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