I think there should be some more to come to the downside, maybe a visit to the ADR low of 1.03079 first.
We'll see when Monday kicks in
looks like my analysis is on track.
80.352 ADR low could possibly get hit... I may take a long order here, but may hold off until the signs are more clearer as it may break this level for a S3 bounce off 78.953
80.352 ADR low could possibly get hit... I may take a long order here, but may hold off until the signs are more clearer as it may break this level for a S3 bounce off 78.953
the break will be to the upside... next level 84.157 (4HR TF - 50 EMA)
84.898 is next level (200 EMA 4HR TF)...
However, a false break to the low will appear, to a low of around the ADR 81.629, and an attempt to S2 line around 81.140 are the max levels i see right now for it to head towards to catch the short orders, rally for a bit to take out the longs then a nice move up to 84.xx level.
Signs of this happening will be clearer tomorrow or monday, however I'm off on a long weekend break; Caribbean for the weekend.
Trade well
Steve
LOL
Why is it "Iffy".
Because I got it right?
Let's say you're a newbie... I'd say hit the studies a bit harder
Why is it "Iffy".
Because I got it right?
I'm sure your analysis is correct but just reading it sounds really "IFFY" to me. Please explain your analysis a little more in depth.
Let's say I'm a newbie and you should explain why I want to do what you are doing?
- #32,010
- Aug 7, 2011 11:18pm Aug 7, 2011 11:18pm
LOL
Why is it "Iffy".
Because I got it right?
Let's say you're a newbie... I'd say hit the studies a bit harder
Steve would you be able to post prices as well as your ADR numbers, otherwise most of us probably wont know what youre on about... thanks!
- #32,013
- Aug 7, 2011 11:36pm Aug 7, 2011 11:36pm
Interesting to see correction of Aussie by almost 800 pips in just few days.. definitely worthed to wait for long position..I plan to build long position at the reverse of daily Heikin Ashi candle ..
Good luck !!
definitely worthed to wait for long position..I plan to build long position at the reverse of daily Heikin Ashi candle ..Good luck !!
- #32,014
- Aug 7, 2011 11:36pm Aug 7, 2011 11:36pm
Me neither, I went short earlier expecting the break below 375, but went about 40 pips further than i was expecting. Sometimes you can win but still lose...
(As much as it sucks to see money left on the table....)
then they too need to do more studies then... the internet is filled with info.
http://lmgtfy.com/?q=what+is+ADR+in+forex
http://lmgtfy.com/?q=what+is+ADR+in+forex
In addition Id say read some of System's previous posts
Steve would you be able to post prices as well as your ADR numbers, otherwise most of us probably wont know what youre on about... thanks!
- #32,016
- Aug 7, 2011 11:42pm Aug 7, 2011 11:42pm
then they too need to do more studies then... the internet is filled with info.
http://lmgtfy.com/?q=what+is+ADR+in+forex
thanks
"I may take a long order here, but may hold off until the signs are more clearer as it may break this level for a S3 bounce off 78.953"
I was under the impression that this was the AUD/USD thread. It's fairly apparent that none of you know what the hell you are talking about. Or am I wrong when I say that 78.95 is not AUD/USD ???
I want the signs to be "more clearer".
I.m just so silly.
I was under the impression that this was the AUD/USD thread. It's fairly apparent that none of you know what the hell you are talking about. Or am I wrong when I say that 78.95 is not AUD/USD ???
I want the signs to be "more clearer".
I.m just so silly.