{quote} Nice work here TashK. Hope you're well! Green pips to you!
thank you!
i hope markets have been treating you well, i know you are more into indices lately. happy pipping and great weekend
As Above, So Below
- #121
- Feb 26, 2016 11:14am Feb 26, 2016 11:14am
- Joined Oct 2011 | Status: quo | 4,193 Posts
thank you!
i hope markets have been treating you well, i know you are more into indices lately. happy pipping and great weekend
- #122
- Feb 26, 2016 11:22am Feb 26, 2016 11:22am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} he buddy
But I'm short biased GBPUSD but missed a couple of good entries due to distractions....
I also completely missed AUDCAD which I'm kicking myself over, but there you go.
Not sure on the AUDUSD if the lower trendline will hold (4H) or if that S2 will break, so I'm on the sidelines.
Instead I was long on GBPAUD which took some pips.
DAX is still a biatch but every now and then she's nice
A pip is only worth it if you know how much you risked to earn it
- #123
- Feb 26, 2016 11:52am Feb 26, 2016 11:52am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} I'm actually long USDJPY and short EURUSD... (what's new, huh? lol) But I'm short biased GBPUSD but missed a couple of good entries due to distractions.... I also completely missed AUDCAD which I'm kicking myself over, but there you go. Not sure on the AUDUSD if the lower trendline will hold (4H) or if that S2 will break, so I'm on the sidelines. Instead I was long on GBPAUD which took some pips. DAX is still a biatch but every now and then she's nice
i had a uj long from 111 area, unfortunately trailing tp hit after about 150 pips, now we are almost at 114
also short biased gbpusd but no trades. have no clue what is going to happen with eurousd, have not been trading for a while.
more into audusd lately, now so pissed off how this au tricked me yesterday. and this is happening right after i said i am calling off my short bias
anyway, will wait and see what is going to happen next week
As Above, So Below
- #124
- Feb 26, 2016 12:06pm Feb 26, 2016 12:06pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
- #126
- Feb 26, 2016 12:50pm Feb 26, 2016 12:50pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #127
- Feb 26, 2016 1:11pm Feb 26, 2016 1:11pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
{quote} i also checked the metals, did not see anything significant. must be usd strength rather than aud weakness?
- #129
- Feb 26, 2016 1:30pm Feb 26, 2016 1:30pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote}Sure it could be attributed to that, gave up trying to rationalize markets along time ago , lol
i am ending the week with a long position at 7125.
made some money from this pair this week and i hope everybody is finishing the week positive.
As Above, So Below
- #132
- Feb 26, 2016 5:50pm Feb 26, 2016 5:50pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #136
- Feb 26, 2016 10:37pm Feb 26, 2016 10:37pm
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
- #139
- Feb 27, 2016 12:16am Feb 27, 2016 12:16am
- | Commercial User | Joined Jan 2015 | 1,352 Posts
anyone want to share their chart for next weeks support and resistance levels?
20 Pips a day keeps centerlink away
- #140
- Feb 27, 2016 6:24am Feb 27, 2016 6:24am
- Joined Jan 2016 | Status: Trader | 1,788 Posts
this is how daily and weekly looks like right now. {image}
This candle forming on the weekly is pretty ominous. Theoretically requires bearish confirmation, and that on the weekly chart. But I don't think we'll have to wait a week for it. Worth noting also that as TK pointed out Friday the NZD/USD had a little upward breakout. It finished the day with a similar drop (100 pips) to the A/U and a weekly candle that looks only marginally better than the one on the A/U. It's had 2 of those candles now in three weeks at almost the same level, looking very much like exhaustion candles. In the context of the wild fluctuations up and down experienced by currencies recently the drops on the Aussie and Kiwi so far are relatively minor, leaving scope for further drops. In Australia the Reserve Bank meets and will make a rate statement at 2:30 p.m. on Tuesday. It's worth keeping in mind that a member of the board was recently quoted to have stated that he would prefer to see the A/U much lower.
http://d.stockcharts.com/school/data...dshooting1.gif
The Shooting Star is a bearish reversal pattern that forms after an advance and in the star position, hence its name. A Shooting Star can mark a potential trend reversal or resistance level. The candlestick forms when prices gap higher on the open, advance during the session and close well off their highs. The resulting candlestick has a long upper shadow and small black or white body. After a large advance (the upper shadow), the ability of the bears to force prices down raises the yellow flag. To indicate a substantial reversal, the upper shadow should relatively long and at least 2 times the length of the body. Bearish confirmation is required after the Shooting Star and can take the form of a gap down or long black candlestick on heavy volume.