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  • #701
  • Jul 20, 2011 6:47am Jul 20, 2011 6:47am
Re-loaded at 1.42313 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #702
  • Jul 20, 2011 6:52am Jul 20, 2011 6:52am
Quoting Flynchenberg
This is AUDUSD Weekly chart with Bearish Bat Harmonic pattern that was void on 1.1007.
Bearish divergence on mu Jurik MACD indi, witch is the one I do most relay on.
I'm starting to build my position from short @ 1.0731 with SL at 1.0750.

My first TP is @ 0.9190, this is 61.8 Fib retrace.

It is very rare to see harmonic pattern like this on weekly chart, it is very relable as well. The rule of thumb is: the bigger the pattern, the better. The bigger TF, the better.

We will see,
Seb

EDIT: SL=BE
You are seriously targeting 1500 pips with a 19 pip stop loss?
Stopped out BTW, how many attempts do you want to make and where and when is your reliable bat invalidated?
Just curious 'cause I'm contemplating to long the Aussie next week.
Don't get mad, get even!
  • #703
  • Jul 20, 2011 7:03am Jul 20, 2011 7:03am
Quoting stulic
You are seriously targeting 1500 pips with a 19 pip stop loss?
Stopped out BTW, how many attempts do you want to make and where and when is your reliable bat invalidated?
Just curious 'cause I'm contemplating to long the Aussie next week.

Fib-Retraces ...

Still in recovery mode ... but running out of steam soon ...

Some additional Entry-stops below figure ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-20 _ (13h55 CET) EUR-USD _ 005min _ 000 candle 300-501-30.GIF Size: 79 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #704
  • Jul 20, 2011 7:06am Jul 20, 2011 7:06am
Quoting mercy seat
Schön ... !

And where is it ?

What you want to say with this ... ?



;-|
means 90% chances we see 4110 before new high..
  • #705
  • Jul 20, 2011 7:14am Jul 20, 2011 7:14am
Quoting Piters
means 90% chances we see 4110 before new high..
Thanx ...

And where is it exactly ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #706
  • Edited 7:34am Jul 20, 2011 7:17am | Edited 7:34am
Quoting stulic
You are seriously targeting 1500 pips with a 19 pip stop loss?
Stopped out BTW, how many attempts do you want to make and where and when is your reliable bat invalidated?
Just curious 'cause I'm contemplating to long the Aussie next week.
I took small profit yesterday and get out of trade but I will reload tommorow after the Euro Zone meeting.

I'm starting to build a serious position on AUD so I trade like 0.05 lots every 25 pips. If price go my way I might add more using a compound factor.

Break of 1.0829 will make me to change my mind this level will serve as my SL from now, I'm targeting as many pips as I can make. Gold brake out of 1700 will make me re-think my bias as well.

Look at this chart: Only two patterns have been found so far: Bullish Gartley from year 2001 where target was 5100 pips without swing and dip buying. So 1500 pip is not that bad for lets say 1 year of tade because this is what I'm talking about: very long perspective.

I know it sound unreal but this is Forex, anything can happen LOL.

I might be wrong however, what the hell do I know anyway...

Cheers,
Seb

EDIT: Take a look at AUDUSD Daily chart and You see another harmonic pattern One2One Bearish. Price is respecting the levels indicated in red rectangle. Even after a month price still dropping down not reaching yellow line. This is what makes Bat pattern valid and alive so far.
Break of red line will provide parity test.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-w1.jpg Size: 187 KB
Click to Enlarge Name: audusd-d1.jpg Size: 79 KB
  • #707
  • Jul 20, 2011 7:19am Jul 20, 2011 7:19am
Quoting mercy seat
Thanx ...

And where is it exactly ?
1.4234
  • #708
  • Jul 20, 2011 7:22am Jul 20, 2011 7:22am
Quoting mercy seat
Re-loaded at 1.42313 ...

Unwinded at 1.42049 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #709
  • Jul 20, 2011 7:23am Jul 20, 2011 7:23am
Quoting Flynchenberg
So 1500 pip is not that bad for lets say 1 year of tade because this is what I'm talking about: very long perspective.
That's of course a different story, it's your long-term projection, not your current target price.
Don't get mad, get even!
  • #710
  • Jul 20, 2011 7:32am Jul 20, 2011 7:32am
Quoting Piters
1.4234
Gut ...

We will see close to that again ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #711
  • Jul 20, 2011 7:34am Jul 20, 2011 7:34am
Quoting stulic
That's of course a different story, it's your long-term projection, not your current target price.
Yes mate.

Seb
  • #712
  • Jul 20, 2011 7:39am Jul 20, 2011 7:39am
4235 is the next target and 4280 if it is broken.

Im flat atm.
  • #713
  • Jul 20, 2011 7:40am Jul 20, 2011 7:40am
Quoting Piters
means 90% chances we see 4110 before new high..
That will justify my early analysis if you are correct.
  • #714
  • Jul 20, 2011 7:42am Jul 20, 2011 7:42am
Quoting T@rantula
That will justify my early analysis if you are correct.
let see mate.. let see.. it is a daily S/R, means we may go up another 30-50p and still close below.. [as a pin].. so far from PA im seeing.. it is a some war between 4100 and 4250

BUT.. if we see a daily close above.. then all its over.. north gate is open..
  • #715
  • Jul 20, 2011 7:47am Jul 20, 2011 7:47am
Yes thank you ... of course we know that ...

And now we did take some at 1.42244 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #716
  • Jul 20, 2011 7:51am Jul 20, 2011 7:51am
66% covered at 1.42070 ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #717
  • Jul 20, 2011 7:52am Jul 20, 2011 7:52am
Quoting Piters
let see mate.. let see.. it is a daily S/R, means we may go up another 30-50p and still close below.. [as a pin].. so far from PA im seeing.. it is a some war between 4100 and 4250

BUT.. if we see a daily close above.. then all its over.. north gate is open..
yes we have a wide range here. I talked with Black Widow, he also confirmed that.
  • #718
  • Jul 20, 2011 7:52am Jul 20, 2011 7:52am
Fasten seat belts dear comrades ...

ECB blathering starts ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #719
  • Jul 20, 2011 7:54am Jul 20, 2011 7:54am
Quoting T@rantula
yes we have a wide range here. I talked with Black Widow, he also confirmed that.
Hmm ... VOLA increases significantly ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #720
  • Jul 20, 2011 7:57am Jul 20, 2011 7:57am
Yes Mercy...

4239 was the high, now we shouldnt get over 4245 else as Piters said - North Gate is opened.

I may sell rallies close to 4240
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