This is why I like the Eur/Aud long and my strategy is to take longs when price is around the 200 MA on the one hour chart with 10 - 15 pip stop loses trying to catch the beginning of a up tread for a long term trade.
- #83,544
- Aug 5, 2014 11:07pm Aug 5, 2014 11:07pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
Fireworks are fun ... as long as you don't blow your fingers off.
- #83,545
- Aug 5, 2014 11:31pm Aug 5, 2014 11:31pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
{quote} I always look for shorts EUR/AUD due to negative swap on the buy side. I should have taken a short from 1.444, but I may get another shot at it if AUD continues to lose strength. For similar reasons, I only want to take AUD/USD longs, but am waiting for it to settle on a low. I'm thinking I might consider it at .9200 if it continues bearish (although the Aussie seems to defy gravity from time to time).
The pair is also arguably in a fairly long-term range here between .92 and .95, and I'd prefer to take a long at the bottom of the range or at least to examine PA at that level:
Fireworks are fun ... as long as you don't blow your fingers off.
- #83,548
- Aug 6, 2014 2:42am Aug 6, 2014 2:42am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Yes, I agree witg 9325 as potential dinamic resistance .
We are on potential support on Weekly now.
We are on potential support on Weekly now.
Money moves the market, not an indicator.
- #83,549
- Aug 6, 2014 2:53am Aug 6, 2014 2:53am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #83,550
- Edited 7:26am Aug 6, 2014 6:56am | Edited 7:26am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update : Not yet. Will continue stalking it.
It is possible for the sellers to regain strenght .
First:
Second:
It is possible for the sellers to regain strenght .
First:
Second:
Money moves the market, not an indicator.
- #83,551
- Aug 6, 2014 7:31am Aug 6, 2014 7:31am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #83,552
- Aug 6, 2014 7:45am Aug 6, 2014 7:45am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Update : I suspect Aussie is begining accumulation phase on low timeframes. That encourage the last posts regarding weekly support and the formation - unconfirmed - of a 123 pattern on daily timeframe. Too much uncertainy for now, I'll continue stalking it.
Potential trap for long holders, still unconfirmed.
Potential trap for long holders, still unconfirmed.
Money moves the market, not an indicator.
- #83,553
- Aug 6, 2014 8:13am Aug 6, 2014 8:13am
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
