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  • #85,601
  • Oct 22, 2014 9:58am Oct 22, 2014 9:58am
Makes sense, Ben. I just figure that eventually the constant bashing will break the barrier. Looks to me like kinetic springiness has been building and building to that point. But if it fails grandly once more, then down she'll go and hard. If not, then .900 is a pretty reasonable target.
There's always money in the banana stand.
  • #85,602
  • Oct 22, 2014 10:00am Oct 22, 2014 10:00am
Long sentiment is DOWN AUD/USD i mean the range is about 200 pips for that.

For swing traders its good to go sell, but, we are going to have AUD and NZD news tonight.

So what to do..

If you are short , put BE. IF you are long, but your stopp loss to the spike.

Easy.. otherwise stay away traiding this pair.
  • #85,603
  • Oct 22, 2014 10:01am Oct 22, 2014 10:01am
Also, the other dollar based pairs fell quite a bit through the night but the aussie stayed strong and treaded water. This gives me further reason to think its quite buoyant.
There's always money in the banana stand.
  • #85,604
  • Oct 22, 2014 10:01am Oct 22, 2014 10:01am
And as I type, here it comes.
There's always money in the banana stand.
  • #85,605
  • Oct 22, 2014 10:05am Oct 22, 2014 10:05am
you are right atm, tho it is BF news, as I see it.. risk on, good Im BE.

Tho meny stops where taken out with this spike..

I think they want to hurt shorts even more..
  • #85,606
  • Oct 22, 2014 10:05am Oct 22, 2014 10:05am
Quoting LizardGizzard
And as I type, here it comes.
Yes it is looking strong right now.
  • #85,607
  • Oct 22, 2014 10:10am Oct 22, 2014 10:10am
Quoting LizardGizzard
And as I type, here it comes.
H1 and H4 looks really, really bullish too.

Even daily chart is trying to hold above 8 ema for 3 days in a row, if you include today. Hasn't done that for a while...

If we get a strong H4 close above 8803, maybe I'll start believing there's a chance it will break through more upward resistance...
  • #85,608
  • Oct 22, 2014 10:14am Oct 22, 2014 10:14am
If you look at this, the top right red line connects SIX tops, with the last one busted through. UP is the direction.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-10-22 at 11.13.30 AM.png Size: 98 KB
There's always money in the banana stand.
  • #85,609
  • Oct 22, 2014 10:16am Oct 22, 2014 10:16am
We are just seeing another run upward. We do not know if this is real or fake, however, one thing is sure: The market makers in the dealing rooms need your shares. Therefore, please do not give them up easily. You need to be in this market for a long time before you understand what I am talking about.
  • #85,610
  • Oct 22, 2014 10:19am Oct 22, 2014 10:19am
THats all for today folks, downtrend here I come.
  • #85,611
  • Oct 22, 2014 10:20am Oct 22, 2014 10:20am
Quoting LizardGizzard
If you look at this, the top right red line connects SIX tops, with the last one busted through. UP is the direction. {image}
well, maybe we don't see the same thing, but I am coming around to being bullish, with the only concern being the resistance I see, top trend line (and also daily closes not shown on this chart). But there definitely seems to be strong momentum that could carry it out of the mess it's been in...
Attached Image (click to enlarge)
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  • #85,612
  • Oct 22, 2014 10:25am Oct 22, 2014 10:25am
Also, daily chart is still in a range. But I admit, if I had to pick a direction, it would be bullish right now due to H1 and H4 time frames, but we'll see if it is ready to break out of the daily range it's been in...
Attached Image (click to enlarge)
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  • #85,613
  • Oct 22, 2014 10:26am Oct 22, 2014 10:26am
Quoting benaiah
{quote} well, maybe we don't see the same thing, but I am coming around to being bullish, with the only concern being the resistance I see, top trend line (and also daily closes not shown on this chart). But there definitely seems to be strong momentum that could carry it out of the mess it's been in... {image}
Yes, and truth be told, I might be a little over eager on this one, but currently, I'm just not seeing any bear strength at all. Looks to me like the bulls are pressing forward.
There's always money in the banana stand.
  • #85,614
  • Oct 22, 2014 10:30am Oct 22, 2014 10:30am
The correlation might not be as picture perfect like say usd/chf but eur/usd has broken support and is heading down, so if you're long aud this would be a good time to get out, not to mention ema agrees with this and stochs.
  • #85,615
  • Oct 22, 2014 10:35am Oct 22, 2014 10:35am
the consolidation is killingggg meeee lol can't wait for this damn spring to unwind its gonna be epic.
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  • #85,616
  • Oct 22, 2014 10:35am Oct 22, 2014 10:35am
as I'm watching the price now, my "range" instincts are kicking in...

Will watch how price reacts to the top trend line. It is not showing strength to get through it right now, but will be watching closely. Strong break out, I may jump on long, if it continues to hesitate, I'll go short for the range...
  • #85,617
  • Oct 22, 2014 10:37am Oct 22, 2014 10:37am
Quoting benaiah
as I'm watching the price now, my "range" instincts are kicking in... Will watch how price reacts to the top trend line. It is not showing strength to get through it right now, but will be watching closely. Strong break out, I may jump on long, if it continues to hesitate, I'll go short for the range...
still holding below TL....no direction still
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  • #85,618
  • Oct 22, 2014 10:38am Oct 22, 2014 10:38am
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Guys, just look at this beautiful weekly chart. I do not need to say anything. The chart itself is telling you where it wants to go. I hope now you understand why I am telling you not to give up your lots.
  • #85,619
  • Oct 22, 2014 10:41am Oct 22, 2014 10:41am
Quoting Fx-opinion
{image} Guys, just look at this beautiful weekly chart. I do not need to say anything. The chart itself is telling you where it wants to go.

FX-O, not offense, but not sure how this helps, we'd need a 200 pip SL to go long right now, with what target? 90? That's only 200 pip gain. So, a R:R: of 1:1. Doesn't sound appealing...
  • #85,620
  • Oct 22, 2014 10:44am Oct 22, 2014 10:44am
Took 40 pips n got out. Gonna sit the sidelines on this one, to much indecision, mixed analysis. When in doubt, stay out. Otherwise its gambling.
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