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Just Another A/U Thread...

  • #21
  • Jan 19, 2016 7:05am Jan 19, 2016 7:05am
Here are a couple charts showing how I trade and what I look for. It's based on Price Action, Support/Resistance, Candlestick/Chart Patterns. Please excuse the drawings on the charts...I'm not an artist!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDproH1 001.png Size: 130 KB
Click to Enlarge Name: AUDUSDproH1 001a.png Size: 147 KB
  • #22
  • Jan 19, 2016 7:47am Jan 19, 2016 7:47am
Here's an example of how the 15minute chart can help your decision making at times.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDproM15 001.png Size: 175 KB
  • #23
  • Jan 19, 2016 12:12pm Jan 19, 2016 12:12pm
Looks like price is trapped between the 50 and 200 ema's on the 1hr chart...pretty much a no trade zone at the moment.
  • #24
  • Jan 19, 2016 5:01pm Jan 19, 2016 5:01pm
Thanks for sharing
  • #25
  • Jan 19, 2016 5:53pm Jan 19, 2016 5:53pm
Quoting verjanso
Thanks for sharing

Anytime. My goal is that it helps some...not everyone trades the same way, but if there are a few who like it and are able to make a profit, then I'm happy!
  • #26
  • Jan 19, 2016 5:55pm Jan 19, 2016 5:55pm
Current price action on A/U leads me to believe we are setting up for another possible long...I have nothing to get me in long at the moment, just looks like a possible retest of yesterday's .6830-50 support area. Just waiting on some more price action signals...
  • #27
  • Jan 19, 2016 6:01pm Jan 19, 2016 6:01pm
Quoting PA is King
Current price action on A/U leads me to believe we are setting up for another possible long...I have nothing to get me in long at the moment, just looks like a possible retest of yesterday's .6830-50 support area. Just waiting on some more price action signals...
it's all green. just little worried about the 6890
As Above, So Below
  • #28
  • Jan 20, 2016 3:49am Jan 20, 2016 3:49am
Quoting tashkent
{quote} it's all green. just little worried about the 6890

I hope you didn't go long when you wrote this a while ago. But it finally looks like we have some price action that is saying to go long. 1hr chart has RailRoad tracks a couple bars ago after the 100pip selloff. And it appears we have a triple bottom around .6830. Entry around .6850 should be good for about 30pips if not a little more. Price hasn't been able to stay above .6900 for a few days, so be careful on that. US traders may or may not want to retest today's lows again(or use news as an excuse to try it).
  • #29
  • Jan 20, 2016 8:17am Jan 20, 2016 8:17am
If you missed the first buy opportunity early this morning...this could be your second chance around .6850 for a smaller 20, maybe 30pip profit.
  • #30
  • Jan 20, 2016 8:32am Jan 20, 2016 8:32am
Quoting PA is King
{quote} I hope you didn't go long when you wrote this a while ago. But it finally looks like we have some price action that is saying to go long. 1hr chart has RailRoad tracks a couple bars ago after the 100pip selloff. And it appears we have a triple bottom around .6830. Entry around .6850 should be good for about 30pips if not a little more. Price hasn't been able to stay above .6900 for a few days, so be careful on that. US traders may or may not want to retest today's lows again(or use news as an excuse to try it).
i was talking about green light for shorts at that time (i was short), after my post it dropped 70 pips. sorry for the confusion
As Above, So Below
  • #31
  • Jan 20, 2016 10:06am Jan 20, 2016 10:06am
Quoting tashkent
{quote} i was talking about green light for shorts at that time (i was short), after my post it dropped 70 pips. sorry for the confusion
Ah yes, my post was talking about getting ready for a long...so I did get confused. Glad you made some pips to the short side, it was a nice drop!
  • #32
  • Jan 20, 2016 12:27pm Jan 20, 2016 12:27pm
couple of good trade opportunities today guys, I hope some of you took advantage and made some pips!!!
  • #33
  • Jan 20, 2016 1:17pm Jan 20, 2016 1:17pm
Quoting PA is King
{quote} Ah yes, my post was talking about getting ready for a long...so I did get confused. Glad you made some pips to the short side, it was a nice drop!
then it must be me who misunderstood you, lol
just took another long. lets see if will survive. about 11 pips stop
Attached Image
As Above, So Below
  • #34
  • Jan 20, 2016 5:14pm Jan 20, 2016 5:14pm
Quoting tashkent
{quote}just took another long. lets see if will survive. about 11 pips stop {image}
sl hit -12 pips.
right after re-entered 2 longs. closed 19 pips and 43 pips.
now looking for shorting opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: Picture.png Size: 19 KB
As Above, So Below
  • #35
  • Jan 20, 2016 5:28pm Jan 20, 2016 5:28pm
initially was thinking if price breaks 6930 the next target is 7000. this may be still valid. gotta be careful with shorts.
As Above, So Below
  • #36
  • Jan 20, 2016 6:29pm Jan 20, 2016 6:29pm
Quoting tashkent
{quote} sl hit -12 pips. right after re-entered 2 longs. closed 19 pips and 43 pips. now looking for shorting opportunity {image}
Keeping the losses small and the gains decent...nice work. I don't recommend it for new traders, but experienced ones with discipline, patience, and good trade/money management you can definitely trade both ways(with trend/counter trend). Keep up the good work.
  • #37
  • Jan 20, 2016 6:39pm Jan 20, 2016 6:39pm
Quoting PA is King
{quote} Keeping the losses small and the gains decent...nice work. I don't recommend it for new traders, but experienced ones with discipline, patience, and good trade/money management you can definitely trade both ways(with trend/counter trend). Keep up the good work.
thanks, buddy. i do not know if you have any open positions, but i went long from current levels - 6930 - it is against many technical rules - buying at top, huge bearish wicks etc. but will take the risk and targeting 6990
As Above, So Below
  • #38
  • Jan 20, 2016 11:21pm Jan 20, 2016 11:21pm
I do have a couple shorts open from .6941 and .6922 that I'm about to close. Looks like price is stalling here are .6890 area. Hope you kept your loss small. Just a personal rule for me, I don't buy highs or sell lows.
  • #39
  • Jan 20, 2016 11:47pm Jan 20, 2016 11:47pm
got my target of 50pips and 30pips on those two trades. Looks like price finally broke down below .6890. Ideal long position area is the same area we've seen support this week around .6830-50. We need some price action/chart pattern for confirmation.
  • #40
  • Jan 21, 2016 12:37am Jan 21, 2016 12:37am
yes, it was risky trade so kept the positions small and once saw the signs of typical downtrend hedged them with audjpy shorts and covered the loss. no harm done. my short target still remain 7000. not sure if it is going to touch 6830 soon. lets see what will happen
As Above, So Below
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