Disliked{quote} 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.Ignored
Your opinion is valued.
FF journal: Peaks and Troffs
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Disliked{quote} 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.Ignored
Disliked{quote} 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 eventIgnored
Disliked{quote} What if it breaks the high then comes back down in as a false break trigger all the stops?Ignored
Disliked{quote} Cool. I guess it's how you define your fractals. Each to there own. I use the power of 2 if I'm getting technical,some use 3,4 or 5, but prefer I to use my eyes. Your opinion is valued.Ignored
Disliked{quote} levels tend not to go on "spikish" price action or because of a numbers coin-flip especially if the spike itself doesn't take it through. reason being the numbers move isn't really on high grinding volume, it's just dominated by some small news trading teams that's trying to take advantage of low liquidity conditions and get you to pay them high now with relatively low probability there could be a false breakout higher but if the stops trigger you have to be long at the instant of the trigger and be nimble about any potential TP in case...Ignored
Disliked{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 himIgnored
Disliked{quote} for now, probably yeah , we've still got many hours until tomorrow's data. if it does go before the data and HOLDS though, then tomorrow may see 0.920x but I view this also as a bit unlikely. Yellen was a better shot than trade balance and it didn't happen on Yellen I wouldn't do it in EA, as EU can still come lower (you have 50pips left until 1.49xx) but AU at 6x was OKIgnored
DislikedI think there is a good chance that we go up by another 100 pips on A/U over the next 24 hours.Ignored
DislikedI think there is a good chance that we go up by another 100 pips on A/U over the next 24 hours.Ignored
Disliked{quote} John I look at many things, and my conclusion is that there is a better than 50-50 chance that this goes up by 100 pips over the next 24 hours. That is regardless of the content of the employment report. The setup is there for this to go up by another 100 pips. I am still short and I will still be short 100 pips higher. Beyond that I will be greasing myself into damage limitation mode, probably by selling a shitload of ATM puts.Ignored
Disliked{quote} Nope Anyway, what I see or don't see is of no significance. I didn't expect it to get this far so I'm already wrong at this stage.Ignored