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  • #358,101
  • Jan 4, 2011 2:10pm Jan 4, 2011 2:10pm
Quoting pawpaw1000
Hey bro,

Nice analysis but we could also see this as a higher High and Low on H4 if we get another ejection of the current low.

This will theoretically take us to a new High.

Not sure but do still have my USD/JPY short which is nearing my BE exit atm but am still thinking dollar weakness...

SOO, to finish, if we reject this low again, I might enter long looking for the Highs again. Good 100 pips with 15 pip s/l...
Thanks pawpaw,i've posted a chart on the usd/jpy thread,you might want to have a look .
Cheers
You can remain irrational longer than you can remain solvent.
  • #358,102
  • Jan 4, 2011 2:12pm Jan 4, 2011 2:12pm
Quoting PayTheLimit
short 3316, sl 3333, tp 3286...
sl 3316 now...
Look Sharp/Trade Tight
  • #358,103
  • Jan 4, 2011 2:23pm Jan 4, 2011 2:23pm
Quoting PayTheLimit
sl 3316 now...
Maybe take profit now. Chances are very high, that we are in a flat correcrion with an impulse up comming
  • #358,104
  • Jan 4, 2011 2:24pm Jan 4, 2011 2:24pm
Quoting jezek5
Thanks pawpaw,i've posted a chart on the usd/jpy thread,you might want to have a look .
Cheers
Aah, just had a look...

Good analysis and tend to agree with you. This little wander upwards was very short lived and I think we should continue downwards now...

The reason for my short was we had a nice retrace of the move down and had EXCELLENT R:R with a 11 pip S/L HEHE!

got s/l at BE and wanting to see 81.00 before exiting. If not, take the BE s/l... part of my MM.

BTW, saw someone posted earlier about AUD/USD... Here's my chart and am also looking to get long here!

We have H4 with some LONG wicks at the bottom and also have the 1.060 level which seems to be round about where price has found imbalance between buyer/sellers... We have also Finally broken through parity convincingly and believe we are now testing previous resistance. We are also at 50% fib retrace of last upmove and S3...

Things to remember are:

Gold Taken a beating today (commodities = AUD) but close to daily LTL so could give support.

China raising rates ways heavily on AUD...

My Idea: Seeing as I always try to get the best entry with the lowest RR, I am going long from 1.046 with s/l at 1.021... T/P will be the high on H4 (1.255)...

If we go lower, will look for another opportunity to enter like this
Attached Image (click to enlarge)
Click to Enlarge Name: eurdown.gif Size: 47 KB
@pawpaw1000 on Twitter
  • #358,105
  • Jan 4, 2011 2:27pm Jan 4, 2011 2:27pm
Quoting PayTheLimit
short 3316, sl 3333, tp 3286...
sl 3306, tp 3291...now
Look Sharp/Trade Tight
  • #358,106
  • Jan 4, 2011 2:27pm Jan 4, 2011 2:27pm
3 kiss's to the dam WP how many more she needs
Attached Image (click to enlarge)
Click to Enlarge Name: 15m eur.gif Size: 15 KB
  • #358,107
  • Jan 4, 2011 2:30pm Jan 4, 2011 2:30pm
Quoting kill56
3 kiss's to the dam WP how many more she needs
No more - next time she breaks down
  • #358,108
  • Jan 4, 2011 2:30pm Jan 4, 2011 2:30pm
Quoting kill56
3 kiss's to the dam WP how many more she needs
the thing is, they're retesting wpp on low volume...
  • #358,109
  • Jan 4, 2011 2:32pm Jan 4, 2011 2:32pm
Quoting stewrigh
No more - next time she breaks down
The more she tests it, the stronger the level becomes... think we going to need a bit more momentum to break her?

Actually have no Idea at this point... but Like I said earlier, a turn upwards here would be very good for the bulls because of higher High and now, Higher low... H4
@pawpaw1000 on Twitter
  • #358,110
  • Jan 4, 2011 2:35pm Jan 4, 2011 2:35pm
Quoting Mr Hatch
the thing is, they're retesting wpp on low volume...

sure i hope we do close below it then we will have steak and german wine for dinner
  • #358,111
  • Jan 4, 2011 2:38pm Jan 4, 2011 2:38pm
i am anticipating a reversal could it be 3275 or 3254 watching those levels well

good luck
  • #358,112
  • Jan 4, 2011 2:38pm Jan 4, 2011 2:38pm
Quoting Mr Hatch
the thing is, they're retesting wpp on low volume...


Chicago closed. Noone left.
  • #358,113
  • Jan 4, 2011 2:39pm Jan 4, 2011 2:39pm
Quoting pawpaw1000
The more she tests it, the stronger the level becomes... think we going to need a bit more momentum to break her?

Actually have no Idea at this point... but Like I said earlier, a turn upwards here would be very good for the bulls because of higher High and now, Higher low... H4

happy green year how u been long time no see
  • #358,114
  • Jan 4, 2011 2:39pm Jan 4, 2011 2:39pm
Quoting pkimnyc


Chicago closed. Noone left.
alright, now, hush little darling
  • #358,115
  • Jan 4, 2011 2:39pm Jan 4, 2011 2:39pm
While things are slow, Hope u guys don't mind me posting some other analysis

Looking at UCAD and it is basically the inverse of AUD/USD at the moment. Also a commodities driven economy and also testing parity with a VERY nice pinbar on H4 of late...

Might want to get in but RR no good at the moment, hoping it'll climb just a little!

BTW, don't know if you've noticed but most of what I'm posting is Dollar Negative pointing to a move up in Fibre...

But hey, I'm still a noob and am propably waaaaay wrong, let's see

BUT Eur/Chf is looking bearish soo kinda a mixed bag at the moment
@pawpaw1000 on Twitter
  • #358,116
  • Jan 4, 2011 2:43pm Jan 4, 2011 2:43pm
Quoting kill56
happy green year how u been long time no see
Very Good thanks Kill...

Speaking of German wine, was there over Christmas and found it to be quite ordinary compared with the French wine

Making large strides in my trading and am very happy with how things are going, although we would always want them to move quicker!

How you going? Get caught out by this thin market like me?

Hows baby kill?
@pawpaw1000 on Twitter
  • #358,117
  • Jan 4, 2011 2:43pm Jan 4, 2011 2:43pm
Quoting Mr Hatch
alright, now, hush little darling
Sorry...
  • #358,118
  • Jan 4, 2011 2:45pm Jan 4, 2011 2:45pm
Weird, no final 20-30 pip shake out past support @ 329x from this avo's down trend...
  • #358,119
  • Jan 4, 2011 2:47pm Jan 4, 2011 2:47pm
Quoting FibbinArchie
Weird, no final 20-30 pip shake out past support @ 329x from this avo's down trend...
Might still be coming, got a lower CLOSE on m30 and might get one on h1...

Hope not as I just entered long with s/l below the low. Risking 13 pips with T/P at around 3400...

RR of 10
@pawpaw1000 on Twitter
  • #358,120
  • Jan 4, 2011 2:53pm Jan 4, 2011 2:53pm
Quoting pawpaw1000
Might still be coming, got a lower CLOSE on m30 and might get one on h1...

Hope not as I just entered long with s/l below the low. Risking 13 pips with T/P at around 3400...

RR of 10
I think it's a bit late now (could be wrong), pretty much doldrums time till Tokyo... Expecting to see a bear wedge on the m15 TF (usual par for the course).

Excellent R:R on your trade, I'd just say watch out for the Welly boys from 22:30 GMT and TY open going for stops....
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