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AUD/USD

  • #80,861
  • Jun 26, 2014 7:29am Jun 26, 2014 7:29am
Quoting Matts Micro
{quote} If it drops heavy from this level the trend will turn imo. It can be seen on the chart you posted. It's a H&S with a lower right shoulder and a previous LL. With news it's hard to follow a pattern though.... In 10 min we will know more.
possibly, the market will tell us, that's why patience is important!!
  • #80,862
  • Jun 26, 2014 7:33am Jun 26, 2014 7:33am
Quoting nealpek
{quote} possibly, the market will tell us, that's why patience is important!!
number is out, but still not give clear direction.
Don't blame the tools. Blame the carpenter.
  • #80,863
  • Jun 26, 2014 7:34am Jun 26, 2014 7:34am
patience, patience!!
  • #80,864
  • Jun 26, 2014 7:36am Jun 26, 2014 7:36am
Quoting Matts Micro
{quote} If it drops heavy from this level the trend will turn imo. It can be seen on the chart you posted. It's a H&S with a lower right shoulder and a previous LL. With news it's hard to follow a pattern though.... In 10 min we will know more.
I am afraid it is not a valid HS pattern...
As Above, So Below
  • #80,865
  • Jun 26, 2014 7:36am Jun 26, 2014 7:36am
Quoting Matts Micro
{quote} If it drops heavy from this level the trend will turn imo. It can be seen on the chart you posted. It's a H&S with a lower right shoulder and a previous LL. With news it's hard to follow a pattern though.... In 10 min we will know more.
so what do we know now?
  • #80,866
  • Jun 26, 2014 7:37am Jun 26, 2014 7:37am
let it play out....could be absorption, or a turning point...
  • #80,867
  • Jun 26, 2014 7:38am Jun 26, 2014 7:38am
Quoting nealpek
patience, patience!!
Matts has had 14 mins already and he only wanted 10.
  • #80,868
  • Jun 26, 2014 7:43am Jun 26, 2014 7:43am
Lol busy

Yah H&S is still viable but it would need a drop to break neckline and I see further USD weakness, it should continue up imo.
As the lights go by so too do the shadows move
  • #80,869
  • Jun 26, 2014 7:45am Jun 26, 2014 7:45am
once the excitement calms down, it will continue on its path, either way, then you trade what you see, after that!
  • #80,870
  • Jun 26, 2014 7:49am Jun 26, 2014 7:49am
just because there are numbers out doesn't guarantee there will be motion.

....from the sidelines..
"Holy Grail" exists - accepting where is the first step.
  • #80,871
  • Jun 26, 2014 7:49am Jun 26, 2014 7:49am
Quoting nealpek
once the excitement calms down, it will continue on its path, either way, then you trade what you see, after that!
True. Just stick to your own systems, don't rely on peoples options. I have been wrong in the past and will be wrong again in the future.
Please refer to signature
As the lights go by so too do the shadows move
  • #80,872
  • Jun 26, 2014 7:51am Jun 26, 2014 7:51am
absorption or turning point?
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  • #80,873
  • Jun 26, 2014 7:51am Jun 26, 2014 7:51am
S t a l l i n g

u n t i l ........... m y c o f f e e .......

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K i w i c a n f l y ....
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T h i s t o o h e a v y
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  • #80,874
  • Jun 26, 2014 7:55am Jun 26, 2014 7:55am
  • #80,875
  • Jun 26, 2014 8:00am Jun 26, 2014 8:00am
Quoting Ken A
S t a l l i n g u n t i l ........... m y c o f f e e ....... {image} K i w i c a n f l y .... {image}
Kiwi could double top to drop it in the soup

Gold is making a comeback, watching for another challenge of that weekly TL I have referred to in previous posts. If fails this time I think I will sell.
As the lights go by so too do the shadows move
  • #80,876
  • Jun 26, 2014 8:10am Jun 26, 2014 8:10am
Quoting Matts Micro
{quote} Kiwi could double top to drop it in the soup Gold is making a comeback, watching for another challenge of that weekly TL I have referred to in previous posts. If fails this time I think I will sell.
It's normal

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  • #80,877
  • Jun 26, 2014 8:13am Jun 26, 2014 8:13am
Oh noes.....

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Teh bears are coming!
  • #80,878
  • Jun 26, 2014 8:16am Jun 26, 2014 8:16am
Quoting Ken A
{quote} It's normal {image}
Yah it's what I'm looking at too. Just a bit concerned of a Doji forming at eow, though with last weeks candle it's hard not to see a HH and into new levels.
As the lights go by so too do the shadows move
  • #80,879
  • Jun 26, 2014 9:23am Jun 26, 2014 9:23am
looking for ,935 & ,933

Good lack to all

Venceremos
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The good thing with the future is that it is progressively approaching...
  • #80,880
  • Jun 26, 2014 9:40am Jun 26, 2014 9:40am
my larger position stopped out at be but added another long at today's low, so yes, still bullish on this pair. now it is waiting game as usual
As Above, So Below
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