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  • #9,741
  • Nov 30, 2010 9:23pm Nov 30, 2010 9:23pm
Quoting amyc
my 4hr will close in 1hr, a close above 9573ish will mean it's bullish.
Amy

Are you referring to the low here as resistance?
  • #9,742
  • Nov 30, 2010 10:12pm Nov 30, 2010 10:12pm
Quoting nick7r
Amy

Are you referring to the low here as resistance?
I'm not sure what your meaning.
I think the low we put in today may well be support for a long time, we will see though.
  • #9,743
  • Nov 30, 2010 11:10pm Nov 30, 2010 11:10pm
Quoting amyc
I'm not sure what your meaning.
I think the low we put in today may well be support for a long time, we will see though.
Sorry I was just asking the significances of the 9573 an how a close above this wold signal a bullish move.
  • #9,744
  • Nov 30, 2010 11:17pm Nov 30, 2010 11:17pm
Quoting nick7r
Sorry I was just asking the significances of the 9573 an how a close above this wold signal a bullish move.
Its just a theory I work on, if you are coming from the daily lows which were 9539 today and then close the next 4hr bar above the midpoint of that 4hr period then there is good chance that price is going to the next days highs. 9573 was the midpoint of the previous 4hr period.
  • #9,745
  • Nov 30, 2010 11:22pm Nov 30, 2010 11:22pm
Quoting amyc
Its just a theory I work on, if you are coming from the daily lows which were 9539 today and then close the next 4hr bar above the midpoint of that 4hr period then there is good chance that price is going to the next days highs. 9573 was the midpoint of the previous 4hr period.
Hi amy, wheres your target profit? i was long since 9581 after it broken the trendline
  • #9,746
  • Nov 30, 2010 11:35pm Nov 30, 2010 11:35pm
Quoting lingloke
Hi amy, wheres your target profit? i was long since 9581 after it broken the trendline
No target just holding for now.
  • #9,747
  • Dec 1, 2010 3:47am Dec 1, 2010 3:47am
Quoting amyc
No target just holding for now.
Just woke up. We called that bottom pretty darn good! Nice call on the midpoint.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,748
  • Dec 1, 2010 3:48am Dec 1, 2010 3:48am
Quoting ladysam
Hi I am a newbie i am short on AUD/USD @95806 should i stay in there ?? thought it would go down this morning
Hmmm. If that truly was the bottom for a while then the lowest I see this going back to is 9600. Where you using a stop loss?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,749
  • Dec 1, 2010 12:26pm Dec 1, 2010 12:26pm
Quoting tradoholic
Typical Head and shoulder formed again. Target .967. Heading out now, back in 7 hours or so. Safer trading all.
Hi All,
I think the H&S that I mentioned above is still in play. I am going short at 97.10 SL 97.6. I think 9740 will hold.
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Find a job that you love and you dont have to work again in your life.
  • #9,750
  • Dec 1, 2010 1:00pm Dec 1, 2010 1:00pm
Quoting tradoholic
Hi All,
I think the H&S that I mentioned above is still in play. I am going short at 97.10 SL 97.6. I think 9740 will hold.

Morning tradoholic,
I agree, 97385 is where the DM6 and my H4 UTL are. No idea how long it will take to get there but that’s where I see it later today.
I have some buystops in place on the way up.
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  • #9,751
  • Dec 1, 2010 1:04pm Dec 1, 2010 1:04pm
Quoting MarcVUM
Just woke up. We called that bottom pretty darn good! Nice call on the midpoint.
Keep holding Thursday should be another up day, it should see 9720 at least.
The S&P made a pattern last night that means 1171 was almost definitely the lows for it.
  • #9,752
  • Dec 1, 2010 1:22pm Dec 1, 2010 1:22pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
If EUR can stabilize now this might take the pair back up to the 50fib+SR or finally that neckline. Patience is required here once again. (The SL for sure could be hit much faster )
Actually this position was meant to be longer term again... but seems I don't have the patience it needed anymore and took profits today.
+220 pips just looked too tempting and I expect(ed) some bigger retrace now.
Looking for an re-entry maybe at a lower price now.
But maybe I will regret giving up this sweet entry point I had.
grrrrh
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"Blue Horseshoe loves Anacott Steel!"
  • #9,753
  • Dec 1, 2010 2:36pm Dec 1, 2010 2:36pm
Thought I should throw this thought out there. It is likely that A/U falls from here for a little while since we have hit the top of the "red" ribbon on my H4 chart. Plus the Stochs are in overbought territory. Just a caution!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,754
  • Dec 1, 2010 2:50pm Dec 1, 2010 2:50pm
Hey guys and gals

Heres a free currency strength meter in case anyone is interested in incorporating such a thing into their analysis.

http://www.currencystrengthmeter.com/

http://www.newsprofiteer.com/ (original site)
Annoying Precision
  • #9,755
  • Edited 3:14pm Dec 1, 2010 2:59pm | Edited 3:14pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Thought I should throw this thought out there. It is likely that A/U falls from here for a little while since we have hit the top of the "red" ribbon on my H4 chart. Plus the Stochs are in overbought territory. Just a caution!
I Marc,
Think so, too.
Blue UTL did hold for now.
As well some fib of the down-moves and S>R here.
But no trade for me here at the moment.
Just could not define a target-level to go for.
would have been good for a lil scalp already...

edit: just seen I had messed up with that blue UTL (happens when I scroll through all those charts...
So we are above that line now...
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"Blue Horseshoe loves Anacott Steel!"
  • #9,756
  • Dec 1, 2010 3:16pm Dec 1, 2010 3:16pm
I think any down move for au should be capped by 9642, also it has completed the first 160 pip bar up from yesterdays lows, but the 4hr bar has crossed the midpoint, thats bullish.
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  • #9,757
  • Dec 1, 2010 5:18pm Dec 1, 2010 5:18pm
rode that one for 30+ pips

do you think this bad aussie data is just temp or a sign of things to come
  • #9,758
  • Dec 2, 2010 4:54pm Dec 2, 2010 4:54pm
Alright guys/gals... what do we see first on A/U (1.00 or .95)? E/U (1.40 or 1.25)?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,759
  • Dec 2, 2010 5:55pm Dec 2, 2010 5:55pm
Amy,

What's your expected duration for upside on all the stuff we see rallying this week?
  • #9,760
  • Dec 2, 2010 6:10pm Dec 2, 2010 6:10pm
Quoting Low
Amy,

What's your expected duration for upside on all the stuff we see rallying this week?
Next 20 weeks or so perhaps. I think we have bottomed, the S&P is going to keep going higher and if that goes higher then au should go with it, I have no plans to tp on my longs at the moment.
For eu if it closes the week above 1.3363 then it has done its lows, if not then we need to wait till next week and see.
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