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AUD/USD

  • #85,521
  • Oct 21, 2014 7:36pm Oct 21, 2014 7:36pm
That little spike got pretty close to the bottom of the range. That could be it for the bears, maybe bull time now?
  • #85,522
  • Oct 21, 2014 7:38pm Oct 21, 2014 7:38pm
If that spike is it, then it would have completed a very symmetrical diamond reversal pattern......if prices rises from here, of course.
There's always money in the banana stand.
  • #85,523
  • Oct 21, 2014 7:40pm Oct 21, 2014 7:40pm
Quoting benaiah
That little spike got pretty close to the bottom of the range. That could be it for the bears, maybe bull time now?
That would be nice. Tepid reaction and to the downside at that. Though some were, apparently correctly, saying that if the number is only 0.5% or 0.6% there wouldn't be much of an upside.
Enter Signature
  • #85,524
  • Oct 21, 2014 7:42pm Oct 21, 2014 7:42pm
as I wrote .5 barely above the crappy expectation of .4

as for the people who come on here and cry they made a bad trade and lost a lot....that's what is good for them. It teaches them something new.

If you don't make mistakes you don't learn. as with anything

mistakes adept you to becoming better at mathematically improving your chances to profit.
  • #85,525
  • Oct 21, 2014 7:44pm Oct 21, 2014 7:44pm
Promise I will stop posting diamond pics after this, but this touch on the line was nice.
Attached Image (click to enlarge)
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There's always money in the banana stand.
  • #85,526
  • Oct 21, 2014 7:45pm Oct 21, 2014 7:45pm
long from .87556 s/l break even not really liking this bounce off my line on the 1hr though... but well see if we can break upwards
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  • #85,527
  • Oct 21, 2014 7:46pm Oct 21, 2014 7:46pm
I think I just saw SuperBull. Bears beware, looks like will try and bust through again...
  • #85,528
  • Oct 21, 2014 7:47pm Oct 21, 2014 7:47pm
As I mentioned, whipsawed, got covered, moving on....
  • #85,529
  • Oct 21, 2014 7:47pm Oct 21, 2014 7:47pm
soooooooo.... when price came to my target ...my spread magically increased x2 times.....hhhhhmmmm forex.com fu..
Attached Image (click to enlarge)
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  • #85,530
  • Oct 21, 2014 7:47pm Oct 21, 2014 7:47pm
we r getting that bullish one hr PB for sure
  • #85,531
  • Oct 21, 2014 7:48pm Oct 21, 2014 7:48pm
Quoting kabukyboy
we r getting that bullish one hr PB for sure
AND H4...

2 for the price of one
  • #85,532
  • Oct 21, 2014 7:48pm Oct 21, 2014 7:48pm
Quoting LizardGizzard
If that spike is it, then it would have completed a very symmetrical diamond reversal pattern......if prices rises from here, of course.
I don't think it's complete yet.
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It's easy to win & even easier to lose
  • #85,533
  • Oct 21, 2014 7:49pm Oct 21, 2014 7:49pm
Quoting Lamira
soooooooo.... when price came to my target ...my spread magically increased x2 times.....hhhhhmmmm forex.com fu.. {image}
Yep, news spike spread got me too. I had to wait a bit to jump in long...
  • #85,534
  • Oct 21, 2014 7:51pm Oct 21, 2014 7:51pm
Quoting Doh
{quote} I don't think it's complete yet. {image}
Absolutely agree.

Won't be done, in my opinion until a daily close above 8842, which would point towards a break out in my opinion.

At any rate, still needs to punch through that top trend line at least. So far, the bulls have bounced off it pretty good.
  • #85,535
  • Oct 21, 2014 7:53pm Oct 21, 2014 7:53pm
Quoting benaiah
{quote} Yep, news spike spread got me too. I had to wait a bit to jump in long...
that is just bs..... yesterday i been watching em most of day doing it with my targets. x2 x3 times spread increase ... only near em. and there wasnt any news. so im done with them
  • #85,536
  • Oct 21, 2014 7:54pm Oct 21, 2014 7:54pm
Quoting Lamira
{quote} that is just bs..... yesterday i been watching em most of day doing it with my targets. x2 x3 times spread increase ... only near em. and there wasnt any news. so im done with them
bucketshops... expected
  • #85,537
  • Oct 21, 2014 7:54pm Oct 21, 2014 7:54pm
Quoting Lamira
{quote} that is just bs..... yesterday i been watching em most of day doing it with my targets. x2 x3 times spread increase ... only near em. and there wasnt any news. so im done with them
"them" who is your broker?

Mine is OANDA. Not perfect, but workable...
  • #85,538
  • Oct 21, 2014 7:56pm Oct 21, 2014 7:56pm
Spot on! (however, the scheduled news can be traded as well - well, after the release - unless you have access to pro trading tools)
Quoting 2+2=4ex
{quote} My opinion on scheduled news reports is that they are a coin flip. Without knowing the positions of all market participants, especially large players, there is no way to really know how the market will react with everyone's expectations. That is why after major news releases you have traders complaining and posting on this forum that they are dumbfounded by the market reaction. The best type of news to trade is that which is unscheduled and therefore unexpected. No one is planning for this result or that result.
  • #85,539
  • Oct 21, 2014 7:57pm Oct 21, 2014 7:57pm
Quoting benaiah
{quote} "them" who is your broker? Mine is OANDA. Not perfect, but workable...
forex.com
  • #85,540
  • Oct 21, 2014 7:58pm Oct 21, 2014 7:58pm
selling for short term around 65 pips from the current price. This is a bear zone anyways as expected!
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