Nearly Naked (Simple Trades)

Your 4hr bar closes in 1 hour? Mine doesn't close for another 2hrs and 40 minutes.

the difference is day light savings, i don't adjust my gmt charts for that, just the ones that start and end on NY 5pm time.

I’m with GoMarkets, Australia and my H4 closes same as yours Marc, 2hrs 20 minutes. I think It’s to do with the time of the server, Go is GMT + 2hrs.

There is no right and wrong time for a close, it's all to do with your strategy.

Short targeting the lows

Well Marc, whatever it was it did work. As you know I take all the tools I can and this is simply put another tool.
I am sitting on the sidelines at the moment, going out for meetings in an hour, will be out whole day. I am thinking of putting a sell order in AUD at 97.80.
Will post again after I check my astro charts.

97717 coincides with the Daily Pivot and my top trend line. But it’s sitting at the 97447 Weekly S1 right now and will need a push to get over the line. All together…push.

I'll be taking a short when it touches the purple 95sma...whenever that occurs.

A/U.
I'm itching to take the short.

Morning Marc

I have feeling this is going up?

all my RSI's are up . See what happens at the* 98 mark

Morning. Yea, I took the short. It should revisit the lows at 9700. Maybe I will be wrong.

9757 will be tough for it to get past.

lol. I was just starring at that area!

Australia, NZ dollars struggle in guarded market SYDNEY/WELLINGTON, Nov 24 (Reuters) - The Australian and New
Zealand dollars were hamstrung on Wednesday by heightened worries
about the euro zone's future and tensions in the Korean
peninsula, which combined to make investors chary of risk.

* A bout of short-covering helped to lift the Australian
dollar <AUD=D4> to $0.9779, off a three-week low of $0.9708, but
it remains well under the week's high of $0.9955.
* Overnight, Aussie had sunk 1.7 percent to a low of $0.9716,
making that its biggest daily loss in five weeks and a long way
from October's 28-year peak of $1.0183.
* Breaks of support around $0.9810, $0.9780 and $0.9720/25
have blackened the technical outlook and risk is for a test of
October's lows around $0.9650/60. A breach there would open the
way to $0.9540.
* All said, Aussie dollar is still up over 9 percent this
year despite this week's wobble, so any further weakening hereon
is also driven in part by profit-taking.
* The market largely ignored economic data that showed
Australian construction spending falling unexpectedly last
quarter, which would likely put a modest dent in economic growth
for the quarter. [ID:nSGE6AM00C]
* New Zealand dollar <NZD=D4> soft at $0.7622, within
spitting distance of a three-week low of $0.7578 hit offshore.
Overnight it had suffered its largest daily drop in four months.
Loss of support at $0.7630 opens way to $0.7562 and $0.7492.
* Remarks from Alan Bollard, who leads New Zealand's central
bank, that the nation could benefit from higher savings which
would take upward pressure off interest rates and the New Zealand
dollar were largely ignored by the market. [ID:nWLF004921]
* Most major Asian stock markets were weaker across the board
as verbal sparring between the North and South Koreas do nothing
for the market mood. [ID:nN23168261]
* The euro <EUR=>, which was shaky near two-month lows,
hindered by the simmering euro zone debt crisis, also dented
demand for higher-yielding currencies.
* Australian bond future were mixed. The three-year bond
contract <YTTc1> added 0.01 point to 94.85, while the 10-year
<YTCc1> eased 0.02 points to 94.53.
(Reporting by Wayne Cole)
(([email protected] ; +61 2 9373 1813; Reuters Messaging:
[email protected]))
(If you have a query or comment on this story, send an email to
[email protected])
Keywords: MARKETS AUSTRALIA NEWZEALAND FOREX/BONDS

yeh i took two.. scalped the first one (closed)

still in on my other position.

Boy today has been rough. Looking back at myself when I first started trading (about 2 years ago), talk about a cataclysmic underestimation of the task I was undertaking. In comparison to personal efforts, 15 months in Iraq was a cakewalk .

If the next 4hr bar closes above 9802 then I wouldn't want to be short. (1.5 hrs)

well 98.1 is the level I wouldnt think it would pass. Damn as i was typiing I noticed it just missed my limit sell .9810.

I can only imagine what you went through in Iraq...Thanks Man!

Typical Head and shoulder formed again. Target .967. Heading out now, back in 7 hours or so. Safer trading all.

Hey no problem, im thankful that I had the opportunity to serve. From one battlefield to the next .