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  • #10,721
  • Feb 7, 2012 6:53am Feb 7, 2012 6:53am
Quoting stulic
Cable pierced through 5800, would be nice if it's a proper break, would push the aussie cross down too.
Cable completed its first swing to the downside. It may push higher now but the retrace shouldnt go over 5820 else it gets in upper range again.
  • #10,722
  • Feb 7, 2012 7:04am Feb 7, 2012 7:04am
Quoting T@rantula
Shouldnt you wait for candles to respond to big red one ( retrace)?
Probably, if I wouldn't enter cross pair trades by judging individual strength to USD. It's a weird method I know.
Don't get mad, get even!
  • #10,723
  • Feb 7, 2012 7:07am Feb 7, 2012 7:07am
Quoting stulic
Probably, if I wouldn't enter cross pair trades by judging individual strength to USD. It's a weird method I know.
Yes but it seems it works. I have noticed you trade it a lot, and it is usually profitable for you. I dont trade it, but it is very interesting to see setups on that particular cross. Bollinger on higher tf?
  • #10,724
  • Feb 7, 2012 7:17am Feb 7, 2012 7:17am
Loss of 3085 targets 3055 1st then 3025 2nd, thats why it so protected.
  • #10,725
  • Feb 7, 2012 7:32am Feb 7, 2012 7:32am
13.30 gmt. 3135 sliced like butter. We will retest 3151.
  • #10,726
  • Feb 7, 2012 7:34am Feb 7, 2012 7:34am
Quoting T@rantula
13.30 gmt. 3135 sliced like butter. We will retest 3151.
Its happening fast. OOps, some shorts have been killed...
  • #10,727
  • Feb 7, 2012 7:37am Feb 7, 2012 7:37am
I hope we break 1.316 this time. I'm long 1.3112 + positions of yesterday...
Quoting T@rantula
Its happening fast. OOps, some shorts have been killed...
  • #10,728
  • Feb 7, 2012 7:37am Feb 7, 2012 7:37am
Quoting T@rantula
Yes but it seems it works. I have noticed you trade it a lot, and it is usually profitable for you. I dont trade it, but it is very interesting to see setups on that particular cross. Bollinger on higher tf?
I literally don't use any setups or indies on this pair, I'm stuck with my bearish bias and but decide entry mainly by following PA in GBP/USD and comparing it with AUD/USD. I could use correlation tables and whatnot but having those two charts open at the same time tells the whole story.

Apart from that there was a shooting star forming on M15 when I manually clicked sell
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #10,729
  • Feb 7, 2012 7:39am Feb 7, 2012 7:39am
this is just moving on rumours right now- imagine what would happen when they sign?
  • #10,730
  • Feb 7, 2012 7:40am Feb 7, 2012 7:40am
Quoting BrunargarFx
I hope we break 1.316 this time. I'm long 1.3112 + positions of yesterday...
Vgood! I missed this long as i wanted to buy on retrace as always. Waited for 3140 but it came to 3145 and jumped...
  • #10,731
  • Feb 7, 2012 7:44am Feb 7, 2012 7:44am
Thanks.

Last week I missed to capitalise on opportunities where I was in right at the start only with the hope that we would break 1.321 and because it was ranging I ended up with a lot of peanuts.
I hope the move happens today.
I have 1.324 in sight. What's the R3 for the day?


Quoting T@rantula
Vgood! I missed this long as i wanted to buy on retrace as always. Waited for 3140 but it came to 3145 and jumped...
  • #10,732
  • Feb 7, 2012 7:46am Feb 7, 2012 7:46am
Quoting stulic
I literally don't use any setups or indies on this pair, I'm stuck with my bearish bias and but decide entry mainly by following PA in GBP/USD and comparing it with AUD/USD. I could use correlation tables and whatnot but having those two charts open at the same time tells the whole story.

Apart from that there was a shooting star forming on M15 when I manually clicked sell
Interesting way to trade it, Stulic. Although it seemed a bit risky shorting w/o retrace, it payed out well.

  • #10,733
  • Feb 7, 2012 7:47am Feb 7, 2012 7:47am
Quoting BrunargarFx
this is just moving on rumours right now- imagine what would happen when they sign?
3240 retest and 3320 in play.
  • #10,734
  • Feb 7, 2012 7:49am Feb 7, 2012 7:49am
Yesssss

Quoting T@rantula
3240 retest and 3320 in play.
  • #10,735
  • Feb 7, 2012 7:50am Feb 7, 2012 7:50am
Quoting BrunargarFx
Thanks.

Last week I missed to capitalise on opportunities where I was in right at the start only with the hope that we would break 1.321 and because it was ranging I ended up with a lot of peanuts.
I hope the move happens today.
I have 1.324 in sight. What's the R3 for the day?
Today we have 3186 and 3208 to the upside. Above 3240 3280 is the target, daily r3 is 3278
  • #10,736
  • Feb 7, 2012 7:53am Feb 7, 2012 7:53am
Lets hope we get up there before BErnanke's speech at 3GMT
Quoting T@rantula
Today we have 3186 and 3208 to the upside. Above 3240 3280 is the target, daily r3 is 3278
  • #10,737
  • Feb 7, 2012 7:54am Feb 7, 2012 7:54am
Quoting T@rantula
3240 retest and 3320 in play.
Yep , hope so by tomorrow
but 3120 looks like magneto point on 1h but at same time if daily close above 31 give high TF the power to rule the situation.

we will c
  • #10,738
  • Feb 7, 2012 8:08am Feb 7, 2012 8:08am
My H4 closed clearly above the flag for the first time, looking like proper break now.

Had to close my G/A short with +10 cause Aussie looks capped below 1.08
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #10,739
  • Feb 7, 2012 8:11am Feb 7, 2012 8:11am
Quoting T@rantula
Today we have 3186 and 3208 to the upside. Above 3240 3280 is the target, daily r3 is 3278
3186 reached to the pip.

Quoting egkid
Yep , hope so by tomorrow
but 3120 looks like magneto point on 1h but at same time if daily close above 31 give high TF the power to rule the situation.

we will c
I agree..No real bears above 3100. They need to capture 3085. From intraday perspective it looks impossible. Very strong fundie needed, else if Greece negotiations come to conclusions bears are dead.
  • #10,740
  • Feb 7, 2012 8:13am Feb 7, 2012 8:13am
Quoting stulic
My H4 closed clearly above the flag for the first time, looking like proper break now.

Had to close my G/A short with +10 cause Aussie looks capped below 1.08


Again...look at your chart. Bull flag + rising 3 methods. It was valid all the time but when trading higher TF, drawdown gets bigger.

Again Nison's teachings prove valid. Higher Tfs patterns are just great
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