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  • #17,141
  • Nov 30, 2012 10:20am Nov 30, 2012 10:20am
Quoting HelloOz
wwoooowww,,
20pips in 3 min
The low still holded, so the ones that got that entry in on the bottom with tight SL, like I said were safe for 20 pips.
I almost jumped in around 0412. But was busy with my "bad entry" eur/gbp short. So missed it. Wild moves indeed haha

bad eur/gbp solved, shorted higher/bigger on the top, merged position and closed almost everything for 2-3 pips profit lol
It was worth it. Still left same positionsize which I intended to keep over the weekend. But now the SL is much closer by, so better R:R

So, so much for not trading after 15:00 GMT for me


Here the levels, it's a quote, but I wrote something in it in color and deleted some, but you can still click on the original post if you want too.

Quoting Stretch
.............
Owyeah that's right, my levels downside if some don't know them yet (read back some posts of my):

0414.7 Will this hold
0405.2 Closed far above in H1, M30 right on lvl
0400.3 Not touched
0395.7
0382.6
0372.6
0371

upside
0447.5 To be watched, close above will move higher, levels: 0455.8, 0464-65, 0469
0439.5 To be watched close above -> 0447.5 possible
  • #17,142
  • Nov 30, 2012 12:50pm Nov 30, 2012 12:50pm
triangle formation in every currency on 5 minute chart
should break any second now
  • #17,143
  • Nov 30, 2012 12:53pm Nov 30, 2012 12:53pm
Quoting maximmm
triangle formation in every currency on 5 minute chart
should break any second now
I see what you see in M5. Which way is it going to break out?
daddybearforex. com
  • #17,144
  • Nov 30, 2012 12:54pm Nov 30, 2012 12:54pm
Quoting DaddyBear
I see what you see in M5. Which way is it going to break out?
Looks like down side is more likely. IMO
daddybearforex. com
  • #17,145
  • Nov 30, 2012 12:56pm Nov 30, 2012 12:56pm
CNBC- Boehner on 'Cliff' Talks: 'We're Almost Nowhere'

Published: Friday, 30 Nov 2012 | 1:50 PM ET
daddybearforex. com
  • #17,146
  • Nov 30, 2012 12:57pm Nov 30, 2012 12:57pm
Quoting DaddyBear
CNBC- Boehner on 'Cliff' Talks: 'We're Almost Nowhere'

Published: Friday, 30 Nov 2012 | 1:50 PM ET
Boehner talked down the market yesterday.
daddybearforex. com
  • #17,147
  • Nov 30, 2012 12:58pm Nov 30, 2012 12:58pm
Quoting DaddyBear
I see what you see in M5. Which way is it going to break out?
I have no idea

I have a bit of an issue with triangles, especially when they are so small - 5 min chart - a wedge often turns into ascending or descending wedge - a breach is often not a breach.
Anyways, I'm going to wait for for eurusd to break and then will take a look at other pairs - they should coincide.
  • #17,148
  • Nov 30, 2012 1:00pm Nov 30, 2012 1:00pm
hasn't aud already broken the triangle line? seems to want to move down, but.... low liquidity, triangle or not, trading now could be a bit insane^^
  • #17,149
  • Nov 30, 2012 1:02pm Nov 30, 2012 1:02pm
Quoting maximmm
hasn't aud already broken the triangle line? seems to want to move down, but.... low liquidity, triangle or not, trading now could be a bit insane^^
Before 1600 EST there are volumes.
daddybearforex. com
  • #17,150
  • Nov 30, 2012 1:03pm Nov 30, 2012 1:03pm
I think aud and nzd are waiting for eurusd to break the triangle for confirmation - their big brother, so to speak^^
  • #17,151
  • Nov 30, 2012 1:04pm Nov 30, 2012 1:04pm
when it comes to fundamentals, I agree - I see lots of negative commentary about fiscal cliff from the parliament.

A move down would be more logical, not to mention that aud has already broken the triangle line to the downside - just barely
  • #17,152
  • Nov 30, 2012 1:05pm Nov 30, 2012 1:05pm
finally, it aud does decide to go higher, 1.0450 should be the target.
A move lower - 1.04 - like before. Seems unlikely that these levels will be broken - but who knows.
  • #17,153
  • Nov 30, 2012 1:09pm Nov 30, 2012 1:09pm
China has manufacturing PMI coming out tonight at 8pm EST. I'd be real careful holding a short on this pair over the weekend.
It works till it doesn't
  • #17,154
  • Nov 30, 2012 1:10pm Nov 30, 2012 1:10pm
See how good the Ichimoku Clouds support the Aussie in M3.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-113012-M3.JPG Size: 89 KB
daddybearforex. com
  • #17,155
  • Nov 30, 2012 1:14pm Nov 30, 2012 1:14pm
Quoting DaEdge
China has manufacturing PMI coming out tonight at 8pm EST. I'd be real careful holding a short on this pair over the weekend.
I'll close short at 1.04 or a bit sooner - if it goes down to begin with^^
  • #17,156
  • Nov 30, 2012 1:15pm Nov 30, 2012 1:15pm
Quoting DaddyBear
See how good the Ichimoku Clouds support the Aussie in M3.
Seems to me big boys are using Ichimoku Clouds.
daddybearforex. com
  • #17,157
  • Nov 30, 2012 1:15pm Nov 30, 2012 1:15pm
Quoting maximmm
when it comes to fundamentals, I agree - I see lots of negative commentary about fiscal cliff from the parliament.

A move down would be more logical, not to mention that aud has already broken the triangle line to the downside - just barely
There's nothing logical about trading the markets do what they want when they want & there always right. You can trade either side at any time & make tons of money as long as you have strict MM.
It works till it doesn't
  • #17,158
  • Edited 1:38pm Nov 30, 2012 1:25pm | Edited 1:38pm
Quoting DaEdge
There's nothing logical about trading the markets do what they want when they want & there always right. You can trade either side at any time & make tons of money as long as you have strict MM.
You are right. But, there are patterns repeating in an orderly way.
daddybearforex. com
  • #17,159
  • Nov 30, 2012 1:41pm Nov 30, 2012 1:41pm
The Aussie is departing from the M5 triangle gradually.
daddybearforex. com
  • #17,160
  • Nov 30, 2012 1:43pm Nov 30, 2012 1:43pm
Quoting DaddyBear
The Aussie is departing from the M5 triangle gradually.
There could be a thrust from the depature point.
daddybearforex. com
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