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AUD/USD

  • #72,501
  • Feb 11, 2014 8:57pm Feb 11, 2014 8:57pm
i'm small short as well at 0.9050.. will cut if it goes above the previous high @ 0.908+.. lookin for a retracement to 0.89.. if possible 0.8835.... because if this holds.. my view is that a reverse H&S is attempting to form..

just my 2 cents =D
  • #72,502
  • Feb 11, 2014 8:59pm Feb 11, 2014 8:59pm
Daily trend is down..we don't have any higher high formed as of the moment..In my opinion, the move up is nothing more than a headfake/retrace to coax in long buyers so the smart money can accumulate shorts at better prices.
Theres also a heck of a lot of resistance that would have to be broken to give this any bull look to me. But sure, we as traders can never know, that's just what my money is on. We will see
  • #72,503
  • Feb 11, 2014 9:02pm Feb 11, 2014 9:02pm
Quoting SaiLyfee
Daily trend is down..in my opinion, the move up is nothing more than a headfake to coax in long buyers so the smart money can accumulate shorts at better prices. Theres also a heck of a lot of resistance that would have to be broken to give this any bull look to me. But sure, we as traders can never know, that's just what my money is on. We will see
how is the daily trend down? we've closed 7 days in a row above the daily pivot. please don't give misinformation to the new traders here

you are welcome to continue trying to fight this trend
a scalp short may work here, a swing short will with very high probability not
anyway, all are welcome to do as you wish
  • #72,504
  • Feb 11, 2014 9:04pm Feb 11, 2014 9:04pm
Quoting eurusd_trade
{quote} how is the daily trend down? we've closed 7 days in a row above the daily pivot. please don't give misinformation to the new traders here you are welcome to continue trying to fight this trend a scalp short may work here, a swing short will likely not anyway, all are welcome to do as you wish
Appreciate it, we'll see
  • #72,505
  • Feb 11, 2014 9:05pm Feb 11, 2014 9:05pm
Quoting SaiLyfee
{quote} Appreciate it, we'll see
Ignored
  • #72,506
  • Feb 11, 2014 9:10pm Feb 11, 2014 9:10pm
Quoting eurusd_trade
{quote} Ignored
Sensitive eh? lol
Twitter: @TrendersGame
  • #72,507
  • Feb 11, 2014 9:16pm Feb 11, 2014 9:16pm
Ouch...really?
  • #72,508
  • Feb 11, 2014 9:16pm Feb 11, 2014 9:16pm
Someone has different idea, like in Bacarat, some bet on bankers, some bet on players....this is the wonderful world. LOL
  • #72,509
  • Feb 11, 2014 9:18pm Feb 11, 2014 9:18pm
Quoting Citiboy
{quote} Sensitive eh? lol
I'm not sensitive, been in FX since 2009 and just here to help and also see how other experienced guys think... the many people that stepped in to get slaughtered after my posts yesterday does make me a bit upset because I don't feel that I'm helping anyone. i'm often wrong but there are some situations where it's basically almost always wrong to go a certain direction in my experience, and i try to point those out
My sense is that this poster is a troll trying to feed people into taking the wrong trade so I ignored him
For the record, we are *NOT* in a daily downtrend. That doesn't mean the trend can't break. What it does mean, however, is that the last time we had this many consecutive closes above the daily pivot was in March 2013 and September 2013. Draw your own conclusions about risk and reward.
  • #72,510
  • Feb 11, 2014 9:20pm Feb 11, 2014 9:20pm
Quoting eurusd_trade
{quote} I'm not sensitive, been in FX since 2009 and just here to help and also see how other experienced guys think... the many people that stepped in to get slaughtered after my posts yesterday does make me a bit upset because I don't feel that I'm helping anyone. i'm often wrong but there are some situations where it's basically almost always wrong to go a certain direction in my experience, and i try to point those out My sense is that this poster is a troll trying to feed people into taking the wrong trade so I ignored him
Okay seriously? I truly do believe it as going down for a number of reasons. Fundamentally speaking also and where the big money is at..
Everyone has different analytical processes to arriving at their own conclusion and that's great, everyone should do what works for them..I guess we'll just leave it up to the market before saying one is right or one is wrong eh?..
  • #72,511
  • Feb 11, 2014 9:30pm Feb 11, 2014 9:30pm
Quoting eurusd_trade
{quote} I'm not sensitive, been in FX since 2009 and just here to help and also see how other experienced guys think... the many people that stepped in to get slaughtered after my posts yesterday does make me a bit upset because I don't feel that I'm helping anyone. i'm often wrong but there are some situations where it's basically almost always wrong to go a certain direction in my experience, and i try to point those out My sense is that this poster is a troll trying to feed people into taking the wrong trade so I ignored him For the record, we...

Good Job, I am on your side.....
  • #72,512
  • Feb 11, 2014 9:31pm Feb 11, 2014 9:31pm
if it goes down to 0.87 we can still call it side way...
  • #72,513
  • Feb 11, 2014 9:35pm Feb 11, 2014 9:35pm
Well for the record, heres where I see it is still in a daily downtrend
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  • #72,514
  • Feb 11, 2014 9:36pm Feb 11, 2014 9:36pm
Quoting Gwan
if it goes down to 0.87 we can still call it side way...
It depends on your time frame. A 350 pip drop is a down trend to me.
FF journal: Peaks and Troffs
  • #72,515
  • Feb 11, 2014 9:38pm Feb 11, 2014 9:38pm
Quoting SaiLyfee
Well for the record, heres where I see it is still in a daily downtrend {image}
Why didn't you count the high at .8888 as a swing high?
FF journal: Peaks and Troffs
  • #72,516
  • Feb 11, 2014 9:41pm Feb 11, 2014 9:41pm
Quoting bogus
{quote} Why didn't you count the high at .8888 as a swing high?
Just because I don't consider it a new high until it has broken the previous higher low.
If it breaks the previous HL marked then I would say for now uptrend with a retrace move down expected..
Although that's only if it broke strongly, which I seriously doubt. But I'm just one guy with one opinion. Who knows, just my take. Not trying to offend anyone..
  • #72,517
  • Feb 11, 2014 9:44pm Feb 11, 2014 9:44pm
AUD just about to get into some major resistance here across the board should be good for a short, AUDUSD might want to wait for a bit of confirmation with a pokey or something because it could easily be a breakout higher but other AUD pairs coming up hard to leves of resistance.
All posts are my personal opinion
  • #72,518
  • Feb 11, 2014 9:44pm Feb 11, 2014 9:44pm
Quoting SaiLyfee
{quote} Just because I don't consider it a new high until it has broken the previous higher low. If it breaks the previous HL marked then I would say for now uptrend with a retrace move down expected..
Ok. I think you mean "Lower High"?
FF journal: Peaks and Troffs
  • #72,519
  • Feb 11, 2014 9:51pm Feb 11, 2014 9:51pm
Quoting Rtm
AUD just about to get into some major resistance here across the board should be good for a short, AUDUSD might want to wait for a bit of confirmation with a pokey or something because it could easily be a breakout higher but other AUD pairs coming up hard to leves of resistance.
could be worth a short scalp at 6x with a tight stop above the obvious key levels since this is the first test. if it goes though it goes
i'm gonna skip this. if we do come off i'll reload longs closer to the TWAP, missed the trade balance train and the risk/reward to buying exactly right before a big key level usually isn't that great. especially not spiking towards it on a news event and it not breaking on the spike itself
  • #72,520
  • Feb 11, 2014 9:52pm Feb 11, 2014 9:52pm
Quoting bogus
{quote} Ok. I think you mean "Lower High"?
Yeah so if the higher low was broken then that would form a new high, then a retrace move down after that at some stage would be a lower high.
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