break of lower TL will hopefully open avalanche.{image}
did you ever saw an avalanche going up ... today you will see one on audusd chart
... don't panic and stay brave 
Forex
- #61,342
- Aug 2, 2013 5:15am Aug 2, 2013 5:15am
- | Joined Feb 2013 | Status: Trader | 1,365 Posts
{quote} did you ever saw an avalanche going up ... today you will see one on audusd chart
could be, but will scalp from long side with smallish bet. waiting for new low to enter again.
I think AUD today will fall - maybe to 0.8800 and down. On Monday, the market will open with a gap down, and only then we can expect a correction or change of trend
Logics do not apply in FOREX
- #61,350
- Aug 2, 2013 6:00am Aug 2, 2013 6:00am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
I think AUD today will fall - maybe to 0.8800 and down. On Monday, the market will open with a gap down, and only then we can expect a correction or change of trend
lot depends unemployment numbers today.If negative which I think it will be or same from last month then price will retrace to 8950-80 area.
My thinking is jobs are not created in summer and numbers most likely will be negative.
On broader context it remains to be seen if 25% interest rate cut will have serious impact.
In trading, you have to be defensive and aggressive at the same time
- #61,354
- Aug 2, 2013 6:20am Aug 2, 2013 6:20am
{quote} what you think after 1:10 miints NFP Data will move Aus Up ?? down ?+
Having triggers all the way down to .86+. As for where I think the price will go, maybe low .88 on good US data. If bad US data, we could start going up for a nice correction, where you'll be happier and happier as it goes towards your target.
I don't really think it'll go much lower than .88, but just be prepared if it does
{quote} My strategy is still the same... Having triggers all the way down to .86+. As for where I think the price will go, maybe low .88 on good US data. If bad US data, we could start going up for a nice correction, where you'll be happier and happier as it goes towards your target. I don't really think it'll go much lower than .88, but just be prepared if it does
I agree with you on this Point
- #61,357
- Aug 2, 2013 7:22am Aug 2, 2013 7:22am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
