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AUD/USD

  • #85,441
  • Oct 21, 2014 8:27am Oct 21, 2014 8:27am
Hi all,

Patience bro.... I do not see any new HH on the 4 hr TF.....
bearish crap pattern...
and let see if today D1 candle close be the 2nd fakey candle...

cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 33 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 34 KB
  • #85,442
  • Oct 21, 2014 8:29am Oct 21, 2014 8:29am
It seems that market makers in the dealing rooms are after the stop loss. The direction in my opinion is upward and perhaps within a few weeks we will see 0.90 again.
  • #85,443
  • Oct 21, 2014 8:41am Oct 21, 2014 8:41am
Bounced right off the lower trend line I drew earlier. Hmmmm.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-10-21 at 11.40.06 AM.png Size: 126 KB
There's always money in the banana stand.
  • #85,444
  • Oct 21, 2014 8:56am Oct 21, 2014 8:56am
Quoting LizardGizzard
Bounced right off the lower trend line I drew earlier. Hmmmm. {image}
Hi bro,

I see negative divergence on your chart, may be i'm wrong ...

cheers
  • #85,445
  • Oct 21, 2014 9:03am Oct 21, 2014 9:03am
8803 is good level to go short on now that it fell through, should go back up and touch it again...
  • #85,446
  • Oct 21, 2014 9:08am Oct 21, 2014 9:08am
Morning Stars.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-10-21 at 12.05.46 PM.png Size: 218 KB
There's always money in the banana stand.
  • #85,447
  • Oct 21, 2014 9:11am Oct 21, 2014 9:11am
look like we are in a trap, yet not confirmed whether the pair is likely to fall or ride the new wave up. this is my view... buying at triangle lower edge and selling at 0.8833 level. what made me change my mind about strong selling is the previous hour closing. you can see it in the chart
Attached Image (click to enlarge)
Click to Enlarge Name: aud3.png Size: 46 KB
  • #85,448
  • Oct 21, 2014 9:19am Oct 21, 2014 9:19am
From 8803, I think we'll see an 80-100 pip drop... The range is so clearly defined now, and time for everyone to get comfortable. Then as soon as everyone settles in. BOOM! break out
  • #85,449
  • Oct 21, 2014 9:23am Oct 21, 2014 9:23am
If you are going to scalp by selling then good luck. However, be very careful.
  • #85,450
  • Oct 21, 2014 9:42am Oct 21, 2014 9:42am
This setup looks very good for a good fake out or two. As we've already seen, depending on how you draw your trendlines, we've already had at least one.
  • #85,451
  • Oct 21, 2014 9:42am Oct 21, 2014 9:42am
My SL is 5 pips. Potential 80-100 pips gain. I like that R:R...

8803 is the turning point. If I'm wrong and 8803 gets broken again, then I'll see what change to make in trading direction...
  • #85,452
  • Oct 21, 2014 10:00am Oct 21, 2014 10:00am
Also, 4 H1 bearish candles in a row. Haven't seen this in 3 days. I think it might be going down. No?
  • #85,453
  • Oct 21, 2014 10:02am Oct 21, 2014 10:02am
Quoting benaiah
My SL is 5 pips. Potential 80-100 pips gain. I like that R:R... 8803 is the turning point. If I'm wrong and 8803 gets broken again, then I'll see what change to make in trading direction...
Is your stop loss 0.00050 or 0.00005?
  • #85,454
  • Oct 21, 2014 10:07am Oct 21, 2014 10:07am
Quoting Fx-opinion
{quote} Is your stop loss 0.00050 or 0.00005?
Who the hell puts their stop loss at 0.00050???
  • #85,455
  • Oct 21, 2014 10:07am Oct 21, 2014 10:07am
Quoting benaiah
Also, 4 H1 bearish candles in a row. Haven't seen this in 3 days. I think it might be going down. No?
Please apply stoichiometric indicator and you will get the sense which direction the price will go. Of course, this is my opinion.
  • #85,456
  • Oct 21, 2014 10:09am Oct 21, 2014 10:09am
Quoting 2+2=4ex
{quote} Who the hell puts their stop loss at 0.00050???
Please note we are talking about 5 digit feeding price. When I say 0.00050, it means for example 0.87950. If it were 4 digit feeding price them it meant for example 0.8795.
  • #85,457
  • Oct 21, 2014 10:10am Oct 21, 2014 10:10am
Quoting Fx-opinion
{quote} Is your stop loss 0.00050 or 0.00005?
SL .880777

Entry .880005

So, actually 7.65 pips. I didn't do the math just eyed it. But thanks for making me actually do the math

Also added a couple more positions at 10 pips SL or better.
  • #85,458
  • Oct 21, 2014 10:13am Oct 21, 2014 10:13am
Quoting benaiah
{quote} SL .880777 Entry .880005 So, actually 7.65 pips. I didn't do the math just eyed it. But thanks for making me actually do the math Also added a couple more positions at 10 pips SL or better.
Your welcome, however, I believe your stop loss is 0.88077 and your entry is 0.88000 unless I am missing something and your price feed is 6 digits.
  • #85,459
  • Oct 21, 2014 10:13am Oct 21, 2014 10:13am
Quoting Fx-opinion
{quote} Please apply stoichiometric indicator and you will get the sense which direction the price will go. Of course, this is my opinion.

Thanks for sharing. But I don't use any indicators, as I don't feel they tell anything. Price can always change direction. It does not obey any indicator. Can always become even MORE oversold, or even MORE overbought.
  • #85,460
  • Oct 21, 2014 10:15am Oct 21, 2014 10:15am
Quoting Fx-opinion
{quote} Your welcome, however, I believe your stop loss is 0.88077 and your entry is 0.88000 unless I am missing something and your price feed is 6 digits.
Yes typo. Thanks - should be 88077 and 88005, so 7.2 pips SL
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