AUD/USD

long EA 1.4407… time to get slaughtered

Yen has got its foot on the throat of every market atm. Yen supports the AU more than the EU, if the EU drops slightly should see a spike down in the EA imo.

Thanks

U/J found support at 102.0x

This move could just be the beginning. I am watching to see if EU breaks the bottom of 4hr channel or rebounds.

This is UJ 4hr BO.

omg AU is down a few pips from the highs, someone call the RBA.

GU up, GJ down despite the news last hour is also interesting...

wow aussie didn't move up for a 25 minute period, you know what that means, buy more aussie at discount!

Rocky,

there was a swing high at B which is a kind of supply level. Don't you think that it was risky to go long under swing high B which was pretty close to your entry?

ok, it reaches 0.94 now what?

supply and demand areas on a chart, regardless of timeframe(just larger or smaller areas),are the only areas on your chart that don't lie. they don't make up stories, give false hopes, are not corrupted,don't accept bribes, don't put out BS public statements, they just exist. they are there for you to see or not.
Guru put out a blinding amount of information a few pages back. after the 5th sentence, i wanted to stand in front of a bus. And , with all of this information,
i guarantee you he is on the losing side of the trade almost every time. Only Forest Gump or Rain Man could interpret this dribble. It is of no value to anyone!!!
All of that info has already been embedded into the chart you are looking at. Don't try to interpret it, roll on the floor laughing about it, thinking that other traders are trying to figure it out!! kind of the equivalent to "why does air exist?" take the time to digest what big money buying looks like, youtube is actually becoming a better source of real useful info. the answer is in the charts!!! good luck everyone...

a more interesting discussion would be about traders posting their charts, pointing out supply and demand areas, and why they think so!! like Rocky and Magix

notice how once supply is surpassed it acts as resistance upon return to the zone, just like we are possibly seeing right now...
all this just continues to repeat over and over everyday... let PA tell you when the move is over

Hi there Neal,

My big chart is a mirror of yours.

On my 30 below, price just hit my Supply line from 5/14/14. Yellow's

I marked that buyers zone swing low with red line. I would like to see that get engulfed and then another engulf of the swing low created by that and then I would start looking to do my thing which is selling.

Very bullish beast though but I'm waiting patiently for the trade, my trade, to come to me. Selling is what I do best...

Hi JoeyNY,

What do you mean by "I would like to see that get engulfed and then another engulf of the swing low created by that and then I would start looking to do my thing which is selling." Do you mean FTR zone and you will buy at FTB?

hit a higher supply line on my 1 hr too. thats exactly the way to roll. on this upmove, the confirmation of turn around would be when .9392 level is taken out, price returns back up into that zone, then heads south once more. demand exceeded to the downside generally becomes resistance until a better demand zone stops the move

I think you are referring to terms used in that thread in the Commercial section. Infas thread I think... I'm not familiar with the lingo over there but I think it's the same idea.

Yes that zone.... Just my take on things... I like big engulfs. I draw lines loosely , more concerned with the PA in and around the lines. No I pretty much only sell...

the red line bar already was a touch of a previous supply turns to demand. waiting for it to engulf that candle would be too late in the move.
'but not this' is actually a demand zone, only when this is taken out to the downside, would be a signal, not to trade but to see what happens as .9387ish level hasn't been touched yet, just like your red line bar has already touched the .9375ish zone