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Just Another A/U Thread...

  • #301
  • Feb 25, 2016 1:51pm Feb 25, 2016 1:51pm
Still no follow through on any selling with Aussie. Every dip is bid right up! The 1hr up trend channel still going strong. And so I stop sounding like a broken record, my bias is Buy the Dips until that channel is broken!

Happy Trading!
  • #302
  • Feb 25, 2016 4:58pm Feb 25, 2016 4:58pm
Quoting DavidRP
{quote} Nice and what about your win:loss ratio ?
My w/l ratio is about 75%. But not all winners are big wins, some are only a few pips.
  • #303
  • Feb 25, 2016 9:20pm Feb 25, 2016 9:20pm
Quoting PA is King
{quote} My w/l ratio is about 75%. But not all winners are big wins, some are only a few pips.
that's still pretty good PA
  • #304
  • Feb 26, 2016 9:54am Feb 26, 2016 9:54am
Was busy last night and was sleeping during London session. I see price rallied up to the top of the 1hr channel and formed a double top around .7250. Did anyone trade that short? If so I hope you made lots of pips! Have a great weekend everyone and look forward to some more setups next week!
  • #305
  • Feb 26, 2016 11:45am Feb 26, 2016 11:45am
some big moves in the markets today guys. I don't have time now, but will analyze things after markets close today. Could be some changes coming as some strong support levels were broken today.
  • #306
  • Feb 26, 2016 11:46am Feb 26, 2016 11:46am
100 pip drop in 3 hours .did'ent see that one coming shame I missed it during our night
  • #307
  • Edited 1:05pm Feb 26, 2016 11:52am | Edited 1:05pm
maybe a good time to fade that Monday
  • #308
  • Feb 26, 2016 3:29pm Feb 26, 2016 3:29pm
It pays to hang on to AUD shorts.
20 Pips a day keeps centerlink away
  • #309
  • Feb 26, 2016 5:54pm Feb 26, 2016 5:54pm
Quoting PaulDaemon
It pays to hang on to AUD shorts.
I'll be honest, we are at an interesting spot...we are at the bottom of the 1hr up channel. But we also closed below major support at .7150 area and 1hr 200ma. And I haven't seen this type of selling in a while.

So the big question is, is this just a 1day selloff like on the daily chart Feb. 2 and Feb. 5??? Or is the lower low on the 1hr chart the start of a bigger correction lower? I would like to see a lower high for confirmation of a possible change in trend...so buster might be right on fading the selloff. But I wouldn't be surprised to see a gap down on Sunday night unless the G20 this weekend does something surprising.

But until Sunday open, take a break and enjoy the weekend!
  • #310
  • Feb 26, 2016 6:16pm Feb 26, 2016 6:16pm
Quoting PA is King
Was busy last night and was sleeping during London session. I see price rallied up to the top of the 1hr channel and formed a double top around .7250. Did anyone trade that short? If so I hope you made lots of pips! Have a great weekend everyone and look forward to some more setups next week!

Sold .7248 Had SL .727 initially looking for TP at .716 (nice risk- reward ratio) but did not lock in at that, as was expecting big drop from triple top.

Quoting tashkent
{quote} is that open TP on AU?

"Yeah for now. c what happens for now. If it doesn't push through here on third go it might take a body blow. SEE if it stops around .716?"

Closed a previous short from .72 at .716. Letting my short from .7248 run for now. That engulfing bear candle on daily and pin bar on weekly look like two black eyes to me.
  • #311
  • Feb 26, 2016 6:45pm Feb 26, 2016 6:45pm
That's the first bearish weekly candle in 6 weeks.
  • #312
  • Feb 26, 2016 7:01pm Feb 26, 2016 7:01pm
Quoting PA is King
That's the first bearish weekly candle in 6 weeks.

It has closed just 10 pips above it's low of the trading session. Hammered down pretty hard, no real sign of a let up in pressure right to the end. I had my finger over the buy back button this morning when I woke up and checked it, but the selling pressure told me "don't do it."
  • #313
  • Feb 26, 2016 7:29pm Feb 26, 2016 7:29pm
Quoting Blackopal
{quote} It has closed just 10 pips above it's low of the trading session. Hammered down pretty hard, no real sign of a let up in pressure right to the end. I had my finger over the buy back button this morning when I woke up and checked it, but the selling pressure told me "don't do it."
I did buy it this morning for a 50% retrace but I have been wrong before if like Pa said a gap down on Monday I will buy it again to fill the gap
people leave, but this thread will go on for ever
  • #314
  • Feb 26, 2016 7:47pm Feb 26, 2016 7:47pm
Quoting PA is King
{quote} I'll be honest, we are at an interesting spot...we are at the bottom of the 1hr up channel. But we also closed below major support at .7150 area and 1hr 200ma. And I haven't seen this type of selling in a while. So the big question is, is this just a 1day selloff like on the daily chart Feb. 2 and Feb. 5??? Or is the lower low on the 1hr chart the start of a bigger correction lower? I would like to see a lower high for confirmation of a possible change in trend...so buster might be right on fading the selloff. But I wouldn't be surprised...
Its also holding support on the 4h channel which is also resistance of the 29th of jan.
20 Pips a day keeps centerlink away
  • #315
  • Feb 26, 2016 8:03pm Feb 26, 2016 8:03pm
Quoting PaulDaemon
{quote} Its also holding support on the 4h channel which is also resistance of the 29th of jan.
Also to note daily and weekly are both bearish candles.
20 Pips a day keeps centerlink away
  • #316
  • Feb 28, 2016 9:47pm Feb 28, 2016 9:47pm
Could be a volatile week guys, trade cautiously. AUD interest rate tomorrow, ADP report Wednesday, and NFP on Friday.
  • #317
  • Feb 29, 2016 5:37pm Feb 29, 2016 5:37pm
Quoting PA is King
That's the first bearish weekly candle in 6 weeks.
Sorry to be picky but wondering what your chart is showing for the week 3 weeks before week just ended ie week starting 1st Feb - mine on FF showing open 7082, high 7242, low 7002, close 7064 - not quite what I'd call bullish.
Hope for the best, prepare for the worst.
  • #318
  • Feb 29, 2016 6:48pm Feb 29, 2016 6:48pm
Quoting dab
{quote} Sorry to be picky but wondering what your chart is showing for the week 3 weeks before week just ended ie week starting 1st Feb - mine on FF showing open 7082, high 7242, low 7002, close 7064 - not quite what I'd call bullish.
news was bad and china news in10 mins
people leave, but this thread will go on for ever
  • #319
  • Feb 29, 2016 6:50pm Feb 29, 2016 6:50pm
Quoting Aussi
{quote} I did buy it this morning for a 50% retrace but I have been wrong before if like Pa said a gap down on Monday I will buy it again to fill the gap
got the retrace and small gap
people leave, but this thread will go on for ever
  • #320
  • Feb 29, 2016 8:45pm Feb 29, 2016 8:45pm
Quoting dab
{quote} Sorry to be picky but wondering what your chart is showing for the week 3 weeks before week just ended ie week starting 1st Feb - mine on FF showing open 7082, high 7242, low 7002, close 7064 - not quite what I'd call bullish.
I will try to post a chart in the morning as I'm not home at my computer right now.
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