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  • #17,061
  • Nov 30, 2012 5:28am Nov 30, 2012 5:28am
Quoting Stretch
Closed half of it already at 6-7 pips. Could be a runner, so let the rest run with SL BE+1
Should have kept it as a scalp and close it all together. I did cheat a little here, moved SL 2 pips below BE just to give it a chance.

Scalpel (not my drawing)
Attached Image
  • #17,062
  • Nov 30, 2012 6:02am Nov 30, 2012 6:02am
the classical expanding triangle - as I've earlier mentioned

which way will it break, you might ponder - well.... most likely to the upside, actually.
Given that aud has been moving to the downside as of late, it is more likely that it will now go higher and breach the broken TL
  • #17,063
  • Nov 30, 2012 6:04am Nov 30, 2012 6:04am
the minute 1.0460 gets broken, that's when you want to be long.

The odd chance of support breaking exists just as well - thus, if 1.04 gets broken, you want to be short
  • #17,064
  • Nov 30, 2012 6:05am Nov 30, 2012 6:05am
Quoting maximmm
the classical expanding triangle - as I've earlier mentioned

which way will it break, you might ponder - well.... most likely to the upside, actually.
Given that aud has been moving to the downside as of late, it is more likely that it will now go higher and breach the broken TL
Chart please with expanding triangle.
  • #17,065
  • Nov 30, 2012 6:05am Nov 30, 2012 6:05am
I sense that I'll cover my nzdusd short after it reaches 0.8195 - it too is likely to move higher this Friday
  • #17,066
  • Nov 30, 2012 6:06am Nov 30, 2012 6:06am
Quoting Tim_isoara
Chart please with expanding triangle.
jeez - look at the hour chart
  • #17,067
  • Nov 30, 2012 6:20am Nov 30, 2012 6:20am
Quoting maximmm
jeez - look at the hour chart
I want your chart . In mine I look but........
  • #17,068
  • Nov 30, 2012 6:27am Nov 30, 2012 6:27am
Quoting Tim_isoara
I want your chart . In mine I look but........
I agree with your assessment of long at 1.038x. This may be low point of the expanding triangle mentioned by MAXI. BTW, good morning.
daddybearforex. com
  • #17,069
  • Nov 30, 2012 6:30am Nov 30, 2012 6:30am
Quoting DaddyBear
I agree with your assessment of long at 1.038x. This may be low point of the expanding triangle mentioned by MAXI. BTW, good morning.
Good morning DB. Sounds ok. Flat all together btw, nothing running on aussie atm anymore
  • #17,070
  • Nov 30, 2012 6:30am Nov 30, 2012 6:30am
Quoting DaddyBear
I agree with your assessment of long at 1.038x. This may be low point of the expanding triangle mentioned by MAXI. BTW, good morning.
Based on H1 and H4 ADX reading, the Bear is still in control. one more leg down in underway.
daddybearforex. com
  • #17,071
  • Nov 30, 2012 6:31am Nov 30, 2012 6:31am
Quoting Stretch
Good morning DB. Sounds ok. Flat all together btw, nothing running on aussie atm anymore
Good morning, it may drop below 1.0400 before moving up again.
daddybearforex. com
  • #17,072
  • Nov 30, 2012 6:32am Nov 30, 2012 6:32am
Quoting DaddyBear
Based on H1 and H4 ADX reading, the Bear is still in control. one more leg down in underway.
This final leg down may be brutal to the Bulls.
daddybearforex. com
  • #17,073
  • Nov 30, 2012 6:35am Nov 30, 2012 6:35am
Quoting Tim_isoara
I want your chart . In mine I look but........
look at the previous 21 hour candles
  • #17,074
  • Nov 30, 2012 6:36am Nov 30, 2012 6:36am
Quoting DaddyBear
This final leg down may be brutal to the Bulls.
If I'm right, aud will move up - and it will be brutal to the bears.

NZD has just reached its target to the downside - looking for a reversal now
  • #17,075
  • Nov 30, 2012 6:41am Nov 30, 2012 6:41am
Quoting maximmm
If I'm right, aud will move up - and it will be brutal to the bears.

NZD has just reached its target to the downside - looking for a reversal now
Move up from current level?
daddybearforex. com
  • #17,076
  • Nov 30, 2012 6:43am Nov 30, 2012 6:43am
Quoting maximmm
look at the previous 21 hour candles
OK. I undestand you dont have charts.
  • #17,077
  • Nov 30, 2012 6:45am Nov 30, 2012 6:45am
dbutton1990, if you have long positions, you may want to close now and buy back later. FYI only.
daddybearforex. com
  • #17,078
  • Nov 30, 2012 6:47am Nov 30, 2012 6:47am
Quoting Tim_isoara
OK. I undestand you dont have charts.
Tim, MAXI does not like posting charts for some unknown reasons.
daddybearforex. com
  • #17,079
  • Nov 30, 2012 6:48am Nov 30, 2012 6:48am
Quoting maximmm
If I'm right, aud will move up - and it will be brutal to the bears.

NZD has just reached its target to the downside - looking for a reversal now
yea 22 pips down. not bad.
  • #17,080
  • Nov 30, 2012 6:50am Nov 30, 2012 6:50am
well, nzd broke the support - kind of
Of course, it has to close below 81.90 for confirmation

Wouldn't be surprised if this was a fakeout
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