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AUD/USD

double bottom are showed in the weekly chart. for 2 times we had double bottoms followed by some rally.

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good luck
Quoting Eurusdshort
entered long last week at 0.716 closed yesterday at 0.726.re-Opened 8 hr ago at 0.723 and still long..who are with me? can we get to 0.73?
yep no, 71 by mid june.
Quoting Eurusdshort
Long again @0.72309 Sl. 0.72200 tp. well see
What, you're aiming for -9.1 pips?

Oh I get it, sorry my bad. Still alive but possibly not for long.
Don't get mad, get even!
I buy here, if it's not going in the right direction, I very quickly closed the position without waiting for the stop losses
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Quoting RBlackburn
Buying up if there's a stop run below yesterdays low (0.7227) - shown in green Getting long if we find support around today's S1 pivot (0.7222) {image} {image}
Anybody take this trade?
Quoting RBlackburn
{quote} Anybody take this trade?
Too risky...

I went short earlier this morning also on NU 60 pips in total.
20 Pips a day keeps centerlink away
Fund All Time Profit: A$214,397
Again I wouldn't buy into this. Very nice rejection a tick below 73. A correction was needed and it seems the market didn't need long to dismiss a cooked up GDP pre-election figure of 1.1% for the quarter. What a joke that was and what a joke the ABS has become, worse than the always dodgy and unreliable "official" chinese data.
Don't get mad, get even!
Quoting PaulDaemon
{quote} Too risky... I went short earlier this morning also on NU 60 pips in total.
Fair enough
Quoting stulic
Again I wouldn't buy into this. Very nice rejection a tick below 73. A correction was needed and it seems the market didn't need long to dismiss a cooked up GDP pre-election figure of 1.1% for the quarter. What a joke that was and what a joke the ABS has become, worse than the always dodgy and unreliable "official" chinese data.
Sounds like a great reason to sell
TE started 6/4/19
Price Signal Consulting All Time Pips: 763
http://www.abc.net.au/news/2016-02-1...steady/7176814

Quote
In October, a former head of the ABS, Bill McLennan, told the Australian Financial Review that the previous six employment surveys were "not worth the paper they're written on".
Don't get mad, get even!
Quoting RBlackburn
{quote} Anybody take this trade?
Yes me! I think we have touched hell already. LOL
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Quoting tunamelt
{quote} Yes me! I think we have touched hell already. LOL {image}
Why did you chose that particular level for TP? Just curious, good job btw.
Don't get mad, get even!
Quoting stulic
{quote} Why did you chose that particular level for TP? Just curious, good job btw.
Oh no, how is it good job because it is getting closer to my SL @ 0.72030

Under H4, it seems to be a resistant line from below attached. (My usual risk/reward is 30/60pips) Am I seeing things wrong on this? Please correct me as I'm not very confident.
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target reached
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Quoting tunamelt
{quote} Oh no, how is it good job because it is getting closer to my SL @ 0.72030 Under H4, it seems to be a resistant line from below attached. (My usual risk/reward is 30/60pips) Am I seeing things wrong on this? Please correct me as I'm not very confident. {image}
Sorry I thought these were your trades from earlier and were closed by hitting that TP target of 72952 which was the top for 11 days.
It got rejected there so if I would buy again I wouldn't necessarily choose that same top as my TP, that's banking on retest and a double top rejection.
Than again anything can happen.
Don't get mad, get even!
Quoting andexQ
Hmmmm ... maybe H4 {image}
failed..


since bullish view was failed, more likely bearish alternative come into play..

H4
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Quoting andexQ
{quote} failed.. since bullish view was failed, more likely bearish alternative come into play.. H4 {image}
How about a failing bearish view too?
Quoting diavolul
{quote} How about a failing bearish view too?
Yes it possible,

however it seem AU already breached below orange-TL ... this is bearish sign in my opinion.
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Quoting andexQ
{quote} Yes it possible, however, it seem AU already breached below orange-TL ... this is bearish sign in my opinion. {image}
Yeah but even so, I don't like the pace of the downside movement and its structures.
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