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Price is everything

  • #14,761
  • Apr 6, 2011 7:41am Apr 6, 2011 7:41am
was thinking the same thing but on M30 (aud)
  • #14,762
  • Apr 6, 2011 7:42am Apr 6, 2011 7:42am
red, does a spike off a level that is visited again mean consumption? after one of these do you consider that level gone? thanks.
  • #14,763
  • Apr 6, 2011 7:42am Apr 6, 2011 7:42am
Quoting FOURX
Hey Red

do you see AUD 5min, as compression zone waiting for a drop?

thanks

somewhat - but you NEED TO view kiwi is doing the same before you consider a sell, l am not selling anything, buying loony instead and other complx pairs


kiwii does have a compressed rally here too
  • #14,764
  • Apr 6, 2011 7:43am Apr 6, 2011 7:43am
Quoting FOURX
Hey Red

do you see AUD 5min, as compression zone waiting for a drop?

thanks

If you look at most timeframes for AU and Kiwi, they are all compressed.... but we aint got no bear engulfing, yet. Everything still at the highs.
  • #14,765
  • Apr 6, 2011 7:44am Apr 6, 2011 7:44am
Green candle possible change of direction or short term trend
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  • #14,766
  • Apr 6, 2011 7:44am Apr 6, 2011 7:44am
would like to short it at 4318. don't know if it will get there...

must admit i am not totally confident of shorting this... still have incomplete cycles quite above 4348 and 4358 not to talk about daily 1.44 aprox

but we are way past a retrace, right? long from 4160 with sl below 30 looks great LOL

i am off to lunch so i guess i will sit this one out.

hapipipin
dreams do come true.
  • #14,767
  • Apr 6, 2011 7:46am Apr 6, 2011 7:46am
Quoting attila
red, does a spike off a level that is visited again mean consumption? after one of these do you consider that level gone? thanks.


it can hold for another bounce, only bullish PA can tell us that in regards to the EU chart l posted -, but this is compressing like a maniac this EU


will drop soon
  • #14,768
  • Apr 6, 2011 7:47am Apr 6, 2011 7:47am
finger on my trigger
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  • #14,769
  • Apr 6, 2011 7:49am Apr 6, 2011 7:49am
couldn't resist. short.

off to lunch!

hapipipin
dreams do come true.
  • #14,770
  • Apr 6, 2011 7:49am Apr 6, 2011 7:49am
Thanks for the guidance guys!
  • #14,771
  • Apr 6, 2011 7:49am Apr 6, 2011 7:49am
Quoting Venice
All kinds of different views to look at here. Here is one that supports the bull breakout.
KaBoom.

Nice little 70 pip run from the break. Will be looking, depending on PA to buy @ 1.4242. Now waiting to see if R > S.

Yes, things move a little slower on the daily charts. lol
  • #14,772
  • Apr 6, 2011 7:51am Apr 6, 2011 7:51am
Quoting FOURX
Hey Red

do you see AUD 5min, as compression zone waiting for a drop?

thanks
The long upper wicks on the 15min, looks like it is also consuming the supply at this level. If we do drop to demand, it could rally through this area and head north to next supply level.
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  • #14,773
  • Apr 6, 2011 7:53am Apr 6, 2011 7:53am
Quoting anthoniex
BOUGHT @ lower Blue Median Line @.9635
SL .9610
TP .9725
stopped
  • #14,774
  • Apr 6, 2011 8:04am Apr 6, 2011 8:04am
Quoting Dishwasher
The long upper wicks on the 15min, looks like it is also consuming the supply at this level. If we do drop to demand, it could rally through this area and head north to next supply level.
thanks dish
  • #14,775
  • Apr 6, 2011 8:05am Apr 6, 2011 8:05am
Quoting anthoniex
same here.
stopped and reentered.
closed most
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  • #14,776
  • Apr 6, 2011 8:10am Apr 6, 2011 8:10am
Quoting anthoniex
stopped and reentered.
closed most
You are using andrews pitchfork. have u been to Tim Morgan classes?>
  • #14,777
  • Apr 6, 2011 8:16am Apr 6, 2011 8:16am
Quoting bonus76
You are using andrews pitchfork. have u been to Tim Morgan classes?>
nope. just read his book and follow the median line thread here in FF and some of his free stuff
  • #14,778
  • Apr 6, 2011 8:18am Apr 6, 2011 8:18am
eu tweezer looks tempting
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  • #14,779
  • Apr 6, 2011 8:19am Apr 6, 2011 8:19am
Quoting anthoniex
nope. just read his book and follow the median line thread here in FF and some of his free stuff
i was in his room for some time and have to say He is very good. Even tho i dont use andrews pitchfork still use some staff that i learn in his room
  • #14,780
  • Apr 6, 2011 8:23am Apr 6, 2011 8:23am
getting ready
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