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Price Action and Trading Discussion
- #5,321
- Aug 12, 2014 8:05am Aug 12, 2014 8:05am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Anybody looking at EUR/AUD? It has been good to me in the last few months. In fact, EUR/AUD and GBP/AUD are some of my favourite pairs at the moment.
It looks like EUR/AUD is primed for a reversal. Indecision is forming right on top of the 1.4395 support area.
It looks like EUR/AUD is primed for a reversal. Indecision is forming right on top of the 1.4395 support area.
- #5,325
- Aug 13, 2014 5:12am Aug 13, 2014 5:12am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
AUDUSD Hourly: My first hourly trade after being away from the charts for quite some time. Let's see how it plays out. {image}
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- #5,326
- Aug 13, 2014 5:21am Aug 13, 2014 5:21am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
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- #5,327
- Aug 14, 2014 3:10am Aug 14, 2014 3:10am
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
Today's a good day to buy AUD and NZD after last night's Aussie news sent them south. They were both around key levels anyway. Here's one...{image}
{quote} {quote} Buy AUD and NZD!(Well I have a big one... SL I mean
Nearly there.
- #5,328
- Aug 14, 2014 3:58am Aug 14, 2014 3:58am
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
Anybody looking at EUR/AUD? It has been good to me in the last few months. In fact, EUR/AUD and GBP/AUD are some of my favourite pairs at the moment. It looks like EUR/AUD is primed for a reversal. Indecision is forming right on top of the 1.4395 support area. {image}
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- #5,329
- Aug 14, 2014 7:21am Aug 14, 2014 7:21am
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
{quote} {quote} Buy AUD and NZD!
- #5,330
- Aug 14, 2014 7:21am Aug 14, 2014 7:21am
- Joined Sep 2012 | Status: Trader | 1,056 Posts
{quote} Stopped on this AUDUSD short. Not a good first trade back
- #5,331
- Aug 14, 2014 2:20pm Aug 14, 2014 2:20pm
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
I think we could see a head and shoulders forming on GU. Just watching .
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- #5,333
- Aug 18, 2014 4:13am Aug 18, 2014 4:13am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
{quote} DW,here is my view.Your inputs are welcome. {image}
Some great logical areas there. Quite a strong possibility that the resistance area at .9350 could be retested, having price holding between the hoizontal areas of .9300 and .9350 which is a proven support and resitance area within in recent times, in particular the .9350 area, especially on the daily view it is a signficant resistance area.
As with all things trading all we can do is trade our plan. If the trade fits your plan then you make the decision to enter or not.
Personally I am not one for the whole supply and demand terminology, and I know there has been plenty of discussion around the whole concept of supply, demand etc etc... To me supply, demand.... support, resistance.... same thing. I know plenty will disagree
However I like your chart and the areas your identifying
Hopefully your targets are achieved.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #5,334
- Aug 18, 2014 4:19am Aug 18, 2014 4:19am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
I think we could see a head and shoulders forming on GU. Just watching
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #5,335
- Aug 18, 2014 4:26am Aug 18, 2014 4:26am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
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- #5,336
- Aug 18, 2014 5:43am Aug 18, 2014 5:43am
- Joined Sep 2012 | Status: Trader | 1,056 Posts
{quote} Hi Timos, Some great logical areas there. Quite a strong possibility that the resistance area at .9350 could be retested, having price holding between the hoizontal areas of .9300 and .9350 which is a proven support and resitance area within in recent times, in particular the .9350 area, especially on the daily view it is a signficant resistance area. As with all things trading all we can do is trade our plan. If the trade fits your plan then you make the decision to enter or not. Personally I am not one for the whole supply and demand terminology,...
Yes i know regarding support ,resistance and supply & demand. For me they are different and work different but as long as it works for me it's ok.It doesn't matter what others say as long as you find something that works for you.
Also i don't base my trades only into those areas,i look for daily candles too.Candles itself have a lot more to say than s/r lines.
Wish you and all of us green pipin
- #5,337
- Aug 18, 2014 6:00am Aug 18, 2014 6:00am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
{quote} Thanks pal. Yes i know regarding support ,resistance and supply & demand. For me they are different and work different but as long as it works for me it's ok.It doesn't matter what others say as long as you find something that works for you. Also i don't base my trades only into those areas,i look for daily candles too.Candles itself have a lot more to say than s/r lines. Wish you and all of us green pipin
Yes, I tend to take into consideration, horizontal areas, chart patterns and candles themselves. Look at the bigger picture when looking to take entries.
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- #5,338
- Aug 18, 2014 6:01am Aug 18, 2014 6:01am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
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- #5,339
- Aug 20, 2014 5:34am Aug 20, 2014 5:34am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
{quote} DW,here is my view.Your inputs are welcome. {image}
Was away from home last night so no trading for me. Looks like you nailed this one timos pretty much to the pip. Nice work
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- #5,340
- Aug 20, 2014 5:46am Aug 20, 2014 5:46am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
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