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  • #14,341
  • Nov 18, 2012 4:58pm Nov 18, 2012 4:58pm
Quoting DaddyBear
Standard lots?
150mini = 15standard ?
  • #14,342
  • Nov 18, 2012 5:00pm Nov 18, 2012 5:00pm
The 15m is heavy the 5m is coming down
The More You Learn, The More You Earn.....
  • #14,343
  • Nov 18, 2012 5:04pm Nov 18, 2012 5:04pm
Quoting forexalien
The 15m is heavy the 5m is coming down
5 m is setting for a breakout to the up side
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,344
  • Nov 18, 2012 5:04pm Nov 18, 2012 5:04pm
Quoting Stretch
Lvl's for now to watch (same as friday)

It failed to close above 0359 the last hour. A next H1 close above 0359 could mean it will test the next lvl that I have. 0371-0373. It's an if then play you should watch. One H1 or M30 close is not always enough, so wait for confirmation.
But a close below 0359 will give 0355 as a next decider. So if that can't hold it's the next # from the line.

...
It closed on the 0355. So that means you still need another H1 or M30 close to show the way.
It's now like this as in my opinion, It's either a close below 0355 or a close above 0359 what will determine the short-term direction. See the numbers I gave in the previous post for the next #.

Edit: If you are not in a trade, I wouldn't open one if it was me. You are either too late or too early. My opinion
  • #14,345
  • Nov 18, 2012 5:13pm Nov 18, 2012 5:13pm
Quoting Stretch
It closed on the 0355. So that means you still need another H1 or M30 close to show the way.
It's now like this as in my opinion, It's either a close below 0355 or a close above 0359 what will determine the short-term direction. See the numbers I gave in the previous post for the next #.

Edit: If you are not in a trade, I wouldn't open one if it was me. You are either too late or too early. My opinion
Not true - good opening for a short. I'm actually shorting nzd now - it looks more bearish than aud at this moment, though I don't doubt this will change when aud will turn more bearish. I think nzd has one last wave down prior to a minor recovery, whereas aud will move two waves lower prior to minor recovery.
As for aud - I think it is pretty much intent on testing 1.0375 prior to the fall.
  • #14,346
  • Nov 18, 2012 5:17pm Nov 18, 2012 5:17pm
Quoting HelloOz
150mini = 15standard ?
Yes.
daddybearforex. com
  • #14,347
  • Nov 18, 2012 5:20pm Nov 18, 2012 5:20pm
Quoting blue_z_zz
5 m is setting for a breakout to the up side
Not enough volume to move the price properly......
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The More You Learn, The More You Earn.....
  • #14,348
  • Nov 18, 2012 5:21pm Nov 18, 2012 5:21pm
Quoting maximmm
Not true - good opening for a short. I'm actually shorting nzd now - it looks more bearish than aud at this moment, though I don't doubt this will change when aud will turn more bearish. I think nzd has one last wave down prior to a minor recovery, whereas aud will move two waves lower prior to minor recovery.
As for aud - I think it is pretty much intent on testing 1.0375 prior to the fall.
Not true, not false. As I said it's My Opinion. You have yours.
With some extra confirmation I would say, yes a good place to short, but like I said we need this extra H1 or maybe just a M30 close for it.
If you are into building up a short position even if the chance is there that it will still go higher. Yes than this might be a place. But I rather not let my position go to far against me and add too a losing position. That's a choice of trading, and your own MoneyManagment (MM). So every trader should make up this decision for his own regarding his own MM.
So yes It's Not True and Not False. It was my opinion.

I just follow my lvl's and watch the M30 and H1 closes.
  • #14,349
  • Nov 18, 2012 5:27pm Nov 18, 2012 5:27pm
Quoting forexalien
Not enough volume to move the price properly......
low volume followed by high volume @ the beakout
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,350
  • Edited 5:48pm Nov 18, 2012 5:38pm | Edited 5:48pm
Quoting blue_z_zz
low volume followed by high volume @ the beakout
Lovin my jpy short till the aud catches on........No more jpy charts on this site DB
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #14,351
  • Nov 18, 2012 5:38pm Nov 18, 2012 5:38pm
Quoting Stretch
Lvl's for now to watch (same as friday)

It failed to close above 0359 the last hour. A next H1 close above 0359 could mean it will test the next lvl that I have. 0371-0373. It's an if then play you should watch. One H1 or M30 close is not always enough, so wait for confirmation.
But a close below 0359 will give 0355 as a next decider. So if that can't hold it's the next # from the line.

Upside:
0359
0371-73
0382
0386
0396-0400-0405


Downside:
0359
0355
0343
0338
0329
0324
0309

I am flat as of now. No reason to jump in...
This M30 close was good for Longs, it's now only a stretch to the next # 0371-73. It now just has to stay above 0359.
So watch 0359 and 0371.
If close below 0359, it's 0355 - 0359 all over again. That's how I try to play.
  • #14,352
  • Nov 18, 2012 5:39pm Nov 18, 2012 5:39pm
Quoting Stretch
Not true, not false. As I said it's My Opinion. You have yours.
With some extra confirmation I would say, yes a good place to short, but like I said we need this extra H1 or maybe just a M30 close for it.
If you are into building up a short position even if the chance is there that it will still go higher. Yes than this might be a place. But I rather not let my position go to far against me and add too a losing position. That's a choice of trading, and your own MoneyManagment (MM). So every trader should make up this decision for his own...
Indeed - confirmation is worth waiting for, I agree. I'm just saying that this is not really a middle - from the bearish perspective, this is near the very top.
  • #14,353
  • Nov 18, 2012 5:42pm Nov 18, 2012 5:42pm
Quoting forexalien
Lovin my jpy short till the aud catches on........
looks like jpy is going to test 80.50's before next up move

sorry DB for the jpy chart
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,354
  • Nov 18, 2012 5:44pm Nov 18, 2012 5:44pm
Quoting blue_z_zz
low volume followed by high volume @ the beakout
The PA has to be wound up before a breakout can take place. IMO
daddybearforex. com
  • #14,355
  • Nov 18, 2012 5:44pm Nov 18, 2012 5:44pm
Quoting maximmm
Indeed - confirmation is worth waiting for, I agree. I'm just saying that this is not really a middle - from the bearish perspective, this is near the very top.
Yes I kind of agree, you could see this as being near the very top. But it's not enough for me to open a short position. It's true I could miss the boat by waiting too much, that's just something I need to deal with. But better no trade than a bad trade.

You could always try a position with a tight SL, if not only for a scalp. That's what I do quite a lot. I would put one in at 0382 with tight SL if I could stay, but really need to sleep lol
  • #14,356
  • Nov 18, 2012 5:46pm Nov 18, 2012 5:46pm
Quoting blue_z_zz
looks like jpy is going to test 80.50's before next up move

sorry DP for the jpy chart
Re-check my last entry, I had to dust off my chart uploading skills and revised it.....
The More You Learn, The More You Earn.....
  • #14,357
  • Nov 18, 2012 6:02pm Nov 18, 2012 6:02pm
we are testing backside of uptrend line right now
Good luck and may the odds be ever in your favor!
  • #14,358
  • Nov 18, 2012 6:07pm Nov 18, 2012 6:07pm
I'l pass for now, if it keeps creeping up till i wake up good if not il just miss the short.
  • #14,359
  • Nov 18, 2012 6:24pm Nov 18, 2012 6:24pm
Quoting Kissa
I'l pass for now, if it keeps creeping up till i wake up good if not il just miss the short.
Good trading discipline!
daddybearforex. com
  • #14,360
  • Nov 18, 2012 6:26pm Nov 18, 2012 6:26pm
Quoting dbutton1990
we are testing backside of uptrend line right now
which trend line? Are you saying we have to toast both sides?
daddybearforex. com
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