only an analysis, and I'm always wrong,
don't follow me,
- #29,722
- May 29, 2011 1:01pm May 29, 2011 1:01pm
- Joined Aug 2010 | Status: Trader | 3,935 Posts
the aud/usd is giving a long set up since Friday. As the close on the weekly was bullish, u know this week will be plenty of long pips to grab. The thing is just to wait for a nice retracement and go long after the signal is given....
Dollar will be totally beaten this week...all major currencies and gold are showing strength against the greenback. so, we know the odds are in our favor....
walking to profits - nice set ups to come tonight at
http://www.forexfactory.com/showthre...254704&page=30
Dollar will be totally beaten this week...all major currencies and gold are showing strength against the greenback. so, we know the odds are in our favor....
walking to profits - nice set ups to come tonight at
http://www.forexfactory.com/showthre...254704&page=30
- #29,724
- May 31, 2011 2:50am May 31, 2011 2:50am
- Joined Feb 2011 | Status: Forex Master | 3,392 Posts
There is Time for Bull, and Time for Bear. and so be the Wolf.
- #29,727
- May 31, 2011 6:33am May 31, 2011 6:33am
- Joined Aug 2010 | Status: Trader | 3,935 Posts
i think the aud/usd will start its retracement soon for nice profit later..while waiting for the retrace to complete, i took nice (=126 pips on gbp/yen, and up 100 pips on eur/yen)
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
cheers....
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
cheers....
- #29,728
- May 31, 2011 11:10am May 31, 2011 11:10am
i think the aud/usd will start its retracement soon for nice profit later..while waiting for the retrace to complete, i took nice (=126 pips on gbp/yen, and up 100 pips on eur/yen)
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
cheers....
- #29,729
- Edited 12:25pm May 31, 2011 12:21pm | Edited 12:25pm
- | Joined Feb 2009 | Status: I'm the guy in the middle, so u kno | 294 Posts
Hey guys,,,,,
I went in long @ 1.0654 for the following reasons, with sl 1.0625 might lower it to.0605
THIS IS WHAT I SEE
1) On the H4 time frame the pair is oversold (stochastics)... and it has made 2 nice doji candles (which have worked well on h4 in the recent past of the pair pins/dojis)....
2) On the H1 time frame the 100 simple ma (green) is keeping the pair above it,, and the 200 (pinkish) and 100 smooth (red) ma are acting as support...
3) 1.0640/50 has been kinda supp/res (if you see recent (2 week) history of the pair, even though not very strong.
The things that might go wrong are ;,,, the daily chart does not look good, as it is overbouht and looks like it´s gonna end like a pin (to the downside)......on the h1 the stochs is going up slowly,, while the price not that much,, so might be forming a bearish flag in about 3-4 hours but after price reaches 1.0680/90- 1.07 and i will move sl to be,, if I´m awake...
the last and most IMPORTANT there is important Aussie GDP news @ 3:30 cet which might ruin the plan if it comes out worse then expected...
So This is my plan and trade from what i see.... no lots of bullsh*** lines and all the other crap like gartley and fartley....
I went in long @ 1.0654 for the following reasons, with sl 1.0625 might lower it to.0605
THIS IS WHAT I SEE
1) On the H4 time frame the pair is oversold (stochastics)... and it has made 2 nice doji candles (which have worked well on h4 in the recent past of the pair pins/dojis)....
2) On the H1 time frame the 100 simple ma (green) is keeping the pair above it,, and the 200 (pinkish) and 100 smooth (red) ma are acting as support...
3) 1.0640/50 has been kinda supp/res (if you see recent (2 week) history of the pair, even though not very strong.
The things that might go wrong are ;,,, the daily chart does not look good, as it is overbouht and looks like it´s gonna end like a pin (to the downside)......on the h1 the stochs is going up slowly,, while the price not that much,, so might be forming a bearish flag in about 3-4 hours but after price reaches 1.0680/90- 1.07 and i will move sl to be,, if I´m awake...
the last and most IMPORTANT there is important Aussie GDP news @ 3:30 cet which might ruin the plan if it comes out worse then expected...
So This is my plan and trade from what i see.... no lots of bullsh*** lines and all the other crap like gartley and fartley....
i think the aud/usd will start its retracement soon for nice profit later..while waiting for the retrace to complete, i took nice (=126 pips on gbp/yen, and up 100 pips on eur/yen)
follow my journal
http://www.forexfactory.com/showthre...254704&page=31
cheers....
- #29,736
- Jun 3, 2011 11:19am Jun 3, 2011 11:19am
- Joined Aug 2010 | Status: Trader | 3,935 Posts
what happenned on the aud/usd today is the top characteristic of this volatile forex market. the set up was clearly long. i even post my signals about it. But the market went down till the bottom testing the low, and reverse back up to be going up next week.
so i went from -60 to -70 pips to up +40 pips...
psychology and tremendous inner efforts is the true trading grail.
i'm up +40 pips and +69 pips on both my entries (daily and 4 hr) on my aud/usd trades...i'm having a great beer right now..
follow my journal
http://www.forexfactory.com/showthre...254704&page=33
so i went from -60 to -70 pips to up +40 pips...
psychology and tremendous inner efforts is the true trading grail.
i'm up +40 pips and +69 pips on both my entries (daily and 4 hr) on my aud/usd trades...i'm having a great beer right now..
follow my journal
http://www.forexfactory.com/showthre...254704&page=33
