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  • #6,561
  • Aug 17, 2012 8:57am Aug 17, 2012 8:57am
GOLD just committed suicide
  • #6,562
  • Aug 17, 2012 8:57am Aug 17, 2012 8:57am
what is the july 12th low and aug 8 high?
what is the fib retracement it's approaching?
what is probability it will bounce up or go to next fib level?

please post chart...
i'm on my iphone and can't chart
thanks,
G
Wooooohooooo or Boooooohooooo
  • #6,563
  • Aug 17, 2012 9:00am Aug 17, 2012 9:00am
Quoting gnomoneey
what is the july 12th low and aug 8 high?
what is the fib retracement it's approaching?
what is probability it will bounce up or go to next fib level?

please post chart...
i'm on my iphone and can't chart
thanks,
G
Smart phones have come a long ways, but still need improving for trading purposes. I feel your pain.
  • #6,564
  • Aug 17, 2012 9:03am Aug 17, 2012 9:03am
Quoting GnarlyPips
Could price go back up today?

5M
The ADX (bold green line down at the bottom) is pointing upward. The down trend is strong. Let the trend be your friend.
Attached Image (click to enlarge)
Click to Enlarge Name: aud adx d1.gif Size: 24 KB
  • #6,565
  • Aug 17, 2012 9:03am Aug 17, 2012 9:03am
Quoting Daytrader74
GOLD just committed suicide
Thats one way to put it... LOL.

Man, we just went though that support like a hot knife though butter! Hope we didn't have any longs hanging on up there.
  • #6,566
  • Aug 17, 2012 9:05am Aug 17, 2012 9:05am
Came to a halt at the trendline.. We'll see what it does from here.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 31 KB
  • #6,567
  • Aug 17, 2012 9:06am Aug 17, 2012 9:06am
Quoting Nate04
Thats one way to put it... LOL.

Man, we just went though that support like a hot knife though butter! Hope we didn't have any longs hanging on up there.
still 2hrs before h4 closes...need to close below 1.0420 for more downtrend
Wooooohooooo or Boooooohooooo
  • #6,568
  • Aug 17, 2012 9:06am Aug 17, 2012 9:06am
lol. eur just drag aus down further in the news event.

looked tempted to hop long for long scalp.

i guess skipping the long entry here will be safer, entering on the new week next week, my take is that if today's support is really found, monday will be tested again during asia's hour, i will take a long there, unless it rally like mad today later.

green pips to all, have a nice weekend.
  • #6,569
  • Aug 17, 2012 9:08am Aug 17, 2012 9:08am
Quoting fxghost
Aussie has been rallying for a long time. It's time to retrace. Looking at eur/aud now. It is trying to break resistance. I think it should hold for some time and some sideways work will be done. But then, upwards.
Yes, looks like aussie is strengthening for the time being. Probably, because the greenback does too. Do not expect the break upwards today. Perhaps on Monday.
  • #6,570
  • Aug 17, 2012 9:11am Aug 17, 2012 9:11am
Quoting gnomoneey
what is the july 12th low and aug 8 high?
what is the fib retracement it's approaching?
what is probability it will bounce up or go to next fib level?

please post chart...
i'm on my iphone and can't chart
thanks,
G
You mean like this?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h4 fib.jpg Size: 160 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,571
  • Aug 17, 2012 9:13am Aug 17, 2012 9:13am
Quoting DonL
Great stuff 5! I always make sure that I read every one of your posts!
haha thanks, i use these methods to keep scalping day in and day out until the good entries of support/resistance along with orderboards.

like earlier i short 1.2380 pending sell limits based on resistance and orderboards, and yesterday's high or 1.2372 area.

i use turtle's trader's support resistance too, it's very align with the on going price movements as well.

yesterday's turtle on eur/usd crossed 1.2280 into 1.2370. that's my buy stop.

but tonight's is sentiment and emotion trading, because its friday, nothing is for sure..

i will write up these trading plans of scalping and breakout when i am free for sharing.
  • #6,572
  • Aug 17, 2012 9:16am Aug 17, 2012 9:16am
Is this it ?
Attached Image
  • #6,573
  • Aug 17, 2012 9:17am Aug 17, 2012 9:17am
Quoting 5percent
lol. eur just drag aus down further in the news event.

looked tempted to hop long for long scalp.

i guess skipping the long entry here will be safer, entering on the new week next week, my take is that if today's support is really found, monday will be tested again during asia's hour, i will take a long there, unless it rally like mad today later.

green pips to all, have a nice weekend.
Have a great weekend
  • #6,574
  • Aug 17, 2012 9:20am Aug 17, 2012 9:20am
Quoting Robot Trader
You mean like this?
thanks...i thought we are close to a fib level ...
we need to close below either h4 or daily candle for the bear to continue

i wait and see til end of day and look at it monday asian session....
ok have great weekend guys...beautiful summer friday gotta look at some hard bodies in the beaches...
green to pips to all
Wooooohooooo or Boooooohooooo
  • #6,575
  • Aug 17, 2012 9:28am Aug 17, 2012 9:28am
my guess is the bulls have fed on the bears so long the are now fat sluggish and tired...but I'm staying a spectator, got bull'ied the last time, so next comes the professor's approach
  • #6,576
  • Aug 17, 2012 9:29am Aug 17, 2012 9:29am
Quoting KiNgEdwarD
i will never trade on friday's now....
never ever
Sometimes it's better to be wrong,to learn..
  • #6,577
  • Aug 17, 2012 9:41am Aug 17, 2012 9:41am
The AUD'USD BEAR seasonal/cycle scheduled to start the 1st week in august actually came to fruition the 2nd week in august with a weekly doji candle. The end of the bear cycle is scheduled to end the 2nd week of september. I expect lower prices (lower highs-lower lows) for the next 3-4 weeks. Then I'll turn bullish.
  • #6,578
  • Aug 17, 2012 9:42am Aug 17, 2012 9:42am
BIG DOWN next week.
  • #6,579
  • Aug 17, 2012 10:02am Aug 17, 2012 10:02am
Bullish close on that last 1h close
  • #6,580
  • Aug 17, 2012 10:05am Aug 17, 2012 10:05am
Quoting chiknthief
A different perspective on the aussie $. Cycles and seasonals. Cycles and seasonals repeat over and over again. Sometimes the market does something different but most times they follow their cycle and seasonal tendencies. With that in mind, make a note of this and in the weeks and months ahead check to see how well this works out in your aussie charts. Cycles and seasonals aren't always accurate to the exact day or exact week but they shouldn't be off by much. Prepare your entry/exit around the general time frame suggested by the cycles and seasonals...

My very first post on this website. Just as valid now as it was then. Amazing !!!
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