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Aussie Trading Room and Cartoons Gallery

  • #28,721
  • Mar 12, 2013 5:28pm Mar 12, 2013 5:28pm
Quoting InsideForexT
Fib extension profit taking targets.

These are for the break of the neck line in the reverse head and shoulders price action pattern.
To clearly see the reversal pattern view AUD/USD 4h time frame.

  1. 1.0399
  2. 1.046


Potential objectives to keep in mind.

Do you have a chart?
daddybearforex. com
  • #28,722
  • Mar 12, 2013 7:40pm Mar 12, 2013 7:40pm
where is everyone????
  • #28,723
  • Mar 12, 2013 7:41pm Mar 12, 2013 7:41pm
Quoting Goldflake
This looks too good now.
Geez... 10k in 3 days.. it took me 7 days to make that much..

or longer if this POS doesnt move..
  • #28,724
  • Mar 12, 2013 7:45pm Mar 12, 2013 7:45pm
AU

You can enter Low level of yesterday or wait till the Neck of Price Pattern (Reversed Head and Shoulders)be broken as in the Chart
Attached Image (click to enlarge)
Click to Enlarge Name: AU.JPG Size: 66 KB
Don’t follow someone else’s trading advice blindly
  • #28,725
  • Mar 12, 2013 8:26pm Mar 12, 2013 8:26pm
Quoting kamifx
AU

You can enter Low level of yesterday or wait till the Neck of Price Pattern (Reversed Head and Shoulders)be broken as in the Chart
Thanks for pointing it out. H&S pattern on H4 could be valid as volume supports pattern.

There already could be a break of the neckline at approx. 1.03014. H&S target at approx. 1.04882.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 44 KB
  • #28,726
  • Edited 11:27pm Mar 12, 2013 9:26pm | Edited 11:27pm
AUDUSD WEEKLY
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 72 KB
The Market pays you to be disciplined
  • #28,727
  • Mar 12, 2013 10:26pm Mar 12, 2013 10:26pm
Quoting HelloOz
Geez... 10k in 3 days.. it took me 7 days to make that much..

or longer if this POS doesnt move..
That is when it does not move............when you call it a POS.............
The More You Learn, The More You Earn.....
  • #28,728
  • Mar 12, 2013 10:30pm Mar 12, 2013 10:30pm
Quoting kamifx
AU

You can enter Low level of yesterday or wait till the Neck of Price Pattern (Reversed Head and Shoulders)be broken as in the Chart
Look at your daily chart..............it is long...........102.80 for a buy is a good area.............
The More You Learn, The More You Earn.....
  • #28,729
  • Mar 12, 2013 10:32pm Mar 12, 2013 10:32pm
Quoting Hope
Thanks for pointing it out. H&S pattern on H4 could be valid as volume supports pattern.

There already could be a break of the neckline at approx. 1.03014. H&S target at approx. 1.04882.
104.00 area would be the completion of a ABCD pattern
The More You Learn, The More You Earn.....
  • #28,730
  • Mar 12, 2013 10:34pm Mar 12, 2013 10:34pm
Hello Mr. Scott...........
The More You Learn, The More You Earn.....
  • #28,731
  • Mar 12, 2013 10:52pm Mar 12, 2013 10:52pm
Quoting forexalien
104.00 area would be the completion of a ABCD pattern
Hi Alien,

agreed, I have had 2 bearish channels broken, both at nice places too.

AB=CD Target 1.04X as previously said
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD AB=CD 1.042Target.PNG Size: 68 KB
Click to Enlarge Name: AUDUSD Downward Channel bullish breakout.PNG Size: 56 KB
Even the worst trade can close with profit. Just give it time.
  • #28,732
  • Mar 12, 2013 11:10pm Mar 12, 2013 11:10pm
Quoting forexalien
Hello Mr. Scott...........
Hey buddy,

Just stopping by and doing some thinking.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #28,733
  • Mar 12, 2013 11:33pm Mar 12, 2013 11:33pm
Quoting kamifx
AU

You can enter Low level of yesterday or wait till the Neck of Price Pattern (Reversed Head and Shoulders)be broken as in the Chart
In the morning i upload AU Chart and recommend for entery Buy Position in low level (Support) but sth that is important, is the volume that would be declined when prices get to Resistance level and it shows traders tend to sell more till buy pair so be very careful and when you get full and solid signal open position
Have nice day
Don’t follow someone else’s trading advice blindly
  • #28,734
  • Mar 13, 2013 5:11am Mar 13, 2013 5:11am
Quoting HelloOz
Geez... 10k in 3 days.. it took me 7 days to make that much..

or longer if this POS doesnt move..

Actually i hedged this trade for euro/yen. Now both are looking good.
When Scalpers win, I lose and Vice varsa...
  • #28,735
  • Mar 13, 2013 7:24am Mar 13, 2013 7:24am
The US retail figures whether good or bad will only detter the move back towards 1.04. Prefferably good.
  • #28,736
  • Mar 13, 2013 8:37am Mar 13, 2013 8:37am
Hi Oz

What time frame do you trade the Aud/Usd?
  • #28,737
  • Mar 13, 2013 10:27am Mar 13, 2013 10:27am
Quoting Neohau
Hi Oz

What time frame do you trade the Aud/Usd?
15M..
  • #28,738
  • Mar 13, 2013 11:02am Mar 13, 2013 11:02am
employment change and rate tonight................8 hrs from now.....
The More You Learn, The More You Earn.....
  • #28,739
  • Mar 13, 2013 11:33am Mar 13, 2013 11:33am
Your trading history seems to be quite impressive. Would you mind to share your way of trading with me?
  • #28,740
  • Mar 13, 2013 12:53pm Mar 13, 2013 12:53pm
Quoting Neohau
Your trading history seems to be quite impressive. Would you mind to share your way of trading with me?
I'd rather have him share his money than his way.
daddybearforex. com
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