Price is everything | Page 106 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #2,101
  • Oct 4, 2010 10:58am Oct 4, 2010 10:58am
Quoting Phonetic
ive got a limit sell in at 1.5867


awaiting reaction @ 1.58818
  • #2,102
  • Oct 4, 2010 11:02am Oct 4, 2010 11:02am
Quoting Phonetic
this is true, but it may never get there.
I don't usually follow other technical analysis but here is one that popped up -

The AUD/USD did end up higher on Friday, but it was by no means the biggest mover. In fact, it appeared to struggle on its approach to 0.9750. Anecdotal evidence continues to suggest that the Asia-Pacific region will be the main driver of global growth in the near future, and commodity-based economies (like Australia, New Zealand and Canada) would be the prime beneficiaries of such growth. Given this, the fact that the Aussie was overshadowed by the performance of both of its “com-doll” brethren, the Kiwi and the Loonie, leads one to conclude that with so many expecting a hike to be a foregone conclusion, the risk would be if they did nothing. This, along with the fact that the unit is clearly overbought and approaching levels that would have option-related interests, might explain the difficulty the AUD/USD had on Friday in sustaining its relentless move higher.

It would not be too shocking if the Aussie retraced a bit as the market might opt to pare down its exposure leading up to the announcement, but the post announcement price action will be key in determining if, and when, the pair reaches parity.

Source: http://fxpath.com/2010/10/02/forex-t...the-spotlight/

Like I said, I do my analysis from MY charts, which tells me we are in a monthly and weekly supply zone, so any longs in this area have to be treated with care! Once it breaks 0.9850, I am bullish all the way on AUDUSD, but I also feel a retrace is on the cards... I just don't know when!
  • #2,103
  • Oct 4, 2010 11:02am Oct 4, 2010 11:02am
Quoting redsword11
out with couple
Taken directly of 61.8 and resistance/channel high?
  • #2,104
  • Oct 4, 2010 11:03am Oct 4, 2010 11:03am
Quoting redsword11
awaiting reaction @ 1.58818
Why there?
  • #2,105
  • Oct 4, 2010 11:05am Oct 4, 2010 11:05am
Quoting bbakker
I don't usually follow other technical analysis but here is one that popped up -

The AUD/USD did end up higher on Friday, but it was by no means the biggest mover. In fact, it appeared to struggle on its approach to 0.9750. Anecdotal evidence continues to suggest that the Asia-Pacific region will be the main driver of global growth in the near future, and commodity-based economies (like Australia, New Zealand and Canada) would be the prime beneficiaries of such growth. Given this, the fact that the Aussie was overshadowed by the performance of...
I will keep stop loss where it is, removed my limit buy and will close at BE if I can. 4HR bearish engulfing candle has got me worried, I don't think I'll be getting out at BE...
  • #2,106
  • Oct 4, 2010 11:11am Oct 4, 2010 11:11am
Quoting Phonetic
I will keep stop loss where it is, removed my limit buy and will close at BE if I can. 4HR bearish engulfing candle has got me worried, I don't think I'll be getting out at BE...


GBPAUD is also flying and I just closed out my second runner for 170 pip profit. I will let me 3rd one run with a TP of 1.7921, but I will also use a technical trailing stop.

I wish you success with your trading!
  • #2,107
  • Oct 4, 2010 11:11am Oct 4, 2010 11:11am
Quoting Phonetic
Why there?


Attached Image (click to enlarge)
Click to Enlarge Name: cable 15.gif Size: 15 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cable 5.gif Size: 13 KB





looking left ........
  • #2,108
  • Oct 4, 2010 11:27am Oct 4, 2010 11:27am
team!


before trading kiwi or aud, use EURNZD supply AND demand zones on the same tf as you are trading kiwi or aud


when EN is @ support - kiwi generally goes south, so check KIWI ( AND AUD ) its @ supply or some kind


when EN is @ resistance - kiwi ( and aud ) generally goes north, check this yourselves and you can time your entries with correlations which helps


EN levels are a good LEADING INDICATOR
  • #2,109
  • Oct 4, 2010 11:37am Oct 4, 2010 11:37am
Quoting redsword11
team!


before trading kiwi or aud, use EURNZD supply AND demand zones on the same tf as you are trading kiwi or aud


when EN is @ support - kiwi generally goes south, so check KIWI ( AND AUD ) its @ supply or some kind


when EN is @ resistance - kiwi ( and aud ) generally goes north, check this yourselves and you can time your entries with correlations which helps


EN levels are a good LEADING INDICATOR
damn, broker doesn't have eur/nzd. will have to get a demo account somewhere
  • #2,110
  • Oct 4, 2010 11:38am Oct 4, 2010 11:38am
Quoting Phonetic
damn, broker doesn't have eur/nzd. will have to get a demo account somewhere

open a demo with alpari uk
  • #2,111
  • Oct 4, 2010 11:40am Oct 4, 2010 11:40am
sold usdsek @ 6.76938
  • #2,112
  • Oct 4, 2010 11:44am Oct 4, 2010 11:44am
Quoting redsword11
sold usdsek @ 6.76938


Attached Image (click to enlarge)
Click to Enlarge Name: sek.jpg Size: 102 KB
  • #2,113
  • Oct 4, 2010 11:51am Oct 4, 2010 11:51am
Quoting redsword11
sold usdsek @ 6.76938
very strange. at home, I was able to chart usdsek with my broker. at work, I don't have it in my charts list. pretty sure I had eur/nzd also at home.
  • #2,114
  • Oct 4, 2010 11:59am Oct 4, 2010 11:59am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: sek 1.jpg Size: 76 KB
  • #2,115
  • Oct 4, 2010 12:36pm Oct 4, 2010 12:36pm
thoughts on eu 30min?
  • #2,116
  • Oct 4, 2010 12:38pm Oct 4, 2010 12:38pm
Looks like a broken down HS, currently parking on the top of a range. Is that it?
forget about tomorrow, just steal away into the night
  • #2,117
  • Oct 4, 2010 12:48pm Oct 4, 2010 12:48pm
Quoting redsword11
thoughts on eu 30min?
looks like a long to me.

4hr is also approaching daily trend line
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 18 KB
  • #2,118
  • Oct 4, 2010 12:48pm Oct 4, 2010 12:48pm
Quoting spekitox
Looks like a broken down HS, currently parking on the top of a range. Is that it?

might go north to test neckline
  • #2,119
  • Oct 4, 2010 1:19pm Oct 4, 2010 1:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 124 KB
  • #2,120
  • Oct 4, 2010 1:22pm Oct 4, 2010 1:22pm
aud/usd, its been fighting this TL all morning...break up already...
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 27 KB
5 traders viewing now