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AUD/USD

  • #50,401
  • Jul 17, 2012 7:43pm Jul 17, 2012 7:43pm
Quoting KillerWhale
Another chance when gets to 1.328
If that breaks next stop = 1.0473
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  • #50,402
  • Jul 17, 2012 7:46pm Jul 17, 2012 7:46pm
Quoting KillerWhale
If that breaks next stop = 1.0473
i have 1.0420/30 (one broker 422 other one 426) as next reversal point
Mohan
  • #50,403
  • Jul 17, 2012 8:14pm Jul 17, 2012 8:14pm
Quoting DaddyBear
Looks like TT was set.
TT as in triple top?
  • #50,404
  • Jul 17, 2012 8:21pm Jul 17, 2012 8:21pm
Quoting irfandbl
TT as in triple top?
It's the nickname of "Temporary Top". -Papa-
daddybearforex. com
  • #50,405
  • Jul 17, 2012 8:27pm Jul 17, 2012 8:27pm
Quoting DaddyBear
It's the nickname of "Temporary Top". -Papa-
aaah, OK, thanks Papa
  • #50,406
  • Jul 17, 2012 8:54pm Jul 17, 2012 8:54pm
Interesting side note

In the way early AM of yesterday I took a tiny long on EUR/NZD.

After a few pips in draw down it's now in profit.

I noticed that the 1.5585 level looks interesting to begin with BUT could this be an early sign of coming risk aversion,

It's way too early to tell

Play it like you see it.
When the Joker is in the deck.. fear not and play it well
  • #50,407
  • Jul 17, 2012 9:01pm Jul 17, 2012 9:01pm
good evening everyone.....hey papa I'm liking the adx on the 1hr TF...she's showing a move downward correct?....If I'm reading it right.... then how far down is the next journey going to.....

Attached Image (click to enlarge)
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  • #50,408
  • Jul 17, 2012 9:05pm Jul 17, 2012 9:05pm
I longed AUDUSD @ 1.0305 TP 1.0360 SL 1.0290
Reason... Daily and H4 broken and closed above 1.0300 chose the best opportunity to long as soon as i see a bounce off a decending trendline and the 1.0300 psych level

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.18072012.1005.gif Size: 18 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,409
  • Jul 17, 2012 9:07pm Jul 17, 2012 9:07pm
Quoting bguguen
I longed AUDUSD @ 1.0305 TP 1.0360 SL 1.0290
Reason... Daily and H4 broken and closed above 1.0300 chose the best opportunity to long as soon as i see a bounce off a decending trendline and the 1.0300 psych level
Nothing like buying at the top ?
When the Joker is in the deck.. fear not and play it well
  • #50,410
  • Jul 17, 2012 9:10pm Jul 17, 2012 9:10pm
Quoting Slim Buffett
Nothing like buying at the top ?
a break and close is a break and close... its confirmed.... this thing is bound to fly to that 61.8% fib level i have in the charts before anything reverses back down.... and 1.03 is another significant psych level of which is a S/R level...
soooo unless im wrong i still got that tight sl to keep me out...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,411
  • Jul 17, 2012 9:14pm Jul 17, 2012 9:14pm
Quoting petehnm
good evening everyone.....hey papa I'm liking the adx on the 1hr TF...she's showing a move downward correct?....If I'm reading it right.... then how far down is the next journey going to.....

Attachment
It depends on the period of ADX you use. Bear in mind, ADX is a tough indicator to use. Have you ever seen the discussions of ADX in this forum? ADX is directionless. Your use of TL is helpful. Most time I see it as the energy level of the market. You may want to add DMIP and DMIM for further references.
daddybearforex. com
  • #50,412
  • Jul 17, 2012 9:16pm Jul 17, 2012 9:16pm
Quoting irfandbl
aaah, OK, thanks Papa
How did TT work for you?
daddybearforex. com
  • #50,413
  • Jul 17, 2012 9:17pm Jul 17, 2012 9:17pm
Quoting mohan76
i have 1.0420/30 (one broker 422 other one 426) as next reversal point
Why Mohan? 1.047x is the high of April 27
But I'm still in with shorts, sl was not hit.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #50,414
  • Jul 17, 2012 9:22pm Jul 17, 2012 9:22pm
Quoting DaddyBear
It depends on the period of ADX you use. Bear in mind, ADX is a tough indicator to use. Have you ever seen the discussions of ADX in this forum? ADX is directionless. Your use of TL is helpful. Most time I see it as the energy level of the market. You may want to add DMIP and DMIM for further references.
thank you sir, I'll look into those indicators....I definitely see how the ADX can be described as directionless...but it does form patterns ...and it could be those patterns are the certain energy level your talking about...regardless it's something i think is worth investigating.....
  • #50,415
  • Jul 17, 2012 9:26pm Jul 17, 2012 9:26pm
Quoting KillerWhale
Why Mohan? 1.047x is the high of April 27
But I'm still in with shorts, sl was not hit.
i have may opens in that area,
Mohan
  • #50,416
  • Jul 17, 2012 9:31pm Jul 17, 2012 9:31pm
Quoting DaddyBear
How did TT work for you?
it worked great Papa, I was expecting 1.0317 as the TT, but it spiked higher, was it another of "a firework before the party's over" thing? And what if there are still plenty of fireworks to come?
  • #50,417
  • Jul 17, 2012 9:34pm Jul 17, 2012 9:34pm
Seems to me, perma-bears did not show up tonight. I believe their inputs working like counterweight are important to bulls. Any one here?
daddybearforex. com
  • #50,418
  • Jul 17, 2012 9:34pm Jul 17, 2012 9:34pm
Here's a nice scenario...trade the area between the blue lines using the two yellow lines for S/R points.. as long as it stays in between the blue lines like it has sine the 15th of June could be some money to be made...but a breakout to the top or bottom by 20 to 40 pips more than likely would be the game changers...just a thought ...and possibly my new trade strategy for the AUD till it breaks out..


Attached Image (click to enlarge)
Click to Enlarge Name: audd1chnl.png Size: 40 KB
  • #50,419
  • Jul 17, 2012 9:35pm Jul 17, 2012 9:35pm
Quoting irfandbl
it worked great Papa, I was expecting 1.0317 as the TT, but it spiked higher, was it another of "a firework before the party's over" thing? And what if there are still plenty of fireworks to come?
Look at daily and tell me where we closed... Its a confirmed close above 1.0300, this thing will reach 1.0350
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,420
  • Jul 17, 2012 9:37pm Jul 17, 2012 9:37pm
Quoting mohan76
i have may opens in that area,
I have 1.0419 for May open @ Oanda & 1.0426 on MT4
New voice message: Why are you calling me? If I need you, I'll call you!
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