Aud/usd system analysis

Dan, above the basket is safe, under the basket is safe, they all safe no matter what

Wow ! Can you say raining PIPs again.... Dissapointed though because if I had came to post earily this am like I SHOULD I would be making PiPs. I took small loss last nite on Eur cause I was short (which was correct) and hit a SL when it briefly went long. So, Ive shorted it all morning since but kept taking profits and missed many Raining PIPs. Everyone ,listen Mme and learn where your points are before getting into a trade. Dont trade blind and make unnessary donations. Still very happy as PIP bank is many pip positive and its only 3rd day of month. Leelar I sent you message last nite but it was rejected ,but this is home and as everyone says, ask any questions anytime. Mme is KING.

lolbig scottie fan back in the day ...... think im a little late to the pippin party this morning

Market open 24H a day, 5 days a week, no rush

think i definitly need to take the class just have to get funds in order and sniper right we are learning from a well educated big pipppin teacher

Where you sleeping man.

Look the market said sell me, sell me

no im very patient maybe to patient

it is good to be patient

How do you know where to go for a rebound if you don't watch where the ball is coming off of the basket? Rebound high, low? I don't know until I see it!




(Disclaimer: I do not want to give the impression that I get every rebound. There are many rebounds that I miss, some I may even react the wrong way. But with practice I hope to improve my reaction to where the ball is coming off. I wish many rebounds for all of us...Go Bulls!)

guys, watch these levels.

You are sooooo funny my friend. Yes after the SL , I went to bed and missed the beginning of the retracement but I did have short position and when I woke to take girls to school I had profit on short position so I took it on my way out the door. Came home reentered short and it stopped for a minute and I took profits again. Would you belive I took profits and Boom The floor fell out. That woulda been huge profits for me as I was in 3 lots. Dropped 100 PiPs . Im not sad though because this is my lesson time and Pips are for fun. Today and everyday with you.

Thanks foe post and yes we are there now. Should we be watching 4hr close or smaller at this time . Are we still only trading off the candle close at what TF?

so at 3664 we are looking to sell if it breaks or buy if it supports it ????

With confirmation on either direction we go Joeyv33, now the market is going down but facing support, Cash out point

ok and the confirmation would be

is 3541 support on weekly

or 3596

Ok...I will say that I really wasn't ready for that move. I had just started looking at where the levels were, but I have the levels on my chart when I open it up and can look quickly to see the levels I want. So while I don't want to just jump into a trade, I feel as though (in this instance) I wasn't just jumping in, I knew/saw the levels and where the market was going.

You mention retracement. I had got in at a good price point and took my profits. I was now looking for my re-entry. Because I'm slow and not proficient with re-entry I have missed it. That is ok, I got some nice pips and will try and learn.

Mme, What do I look for for re-entry in a case like this where things are operating in the smaller time frames. After the drop, and at the start of retracement, I was taking my fib tool to check my fib levels for re-entry into the EUR/USD trade. To me, it looks like we had retracement that hit the 23.6 mark. Am I thinking right?

or just cash out and wait for the next move...not worrying about re-entry in this move.

thanks,
Dan

These are the weekly