- #98,561
- Aug 14, 2016 3:17pm Aug 14, 2016 3:17pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
First post!
A few thoughts:
1. There is resistance in the .7750 area which resulted in the reversal on 8/11. Beautiful bearish shooting star/doji star pattern on the daily chart.
2. Price is still bullish on the daily chart and beyond. Healthy support at .7600.
3. If price breaks through .7600, the pitchfork will break, and this could get more bearish price action. Next significant support is @ .7250!
4. US economic data has been OK especially compared to the rest of the world. If there is no confidence in China its hard to have any is the Aussie.
A few thoughts:
1. There is resistance in the .7750 area which resulted in the reversal on 8/11. Beautiful bearish shooting star/doji star pattern on the daily chart.
2. Price is still bullish on the daily chart and beyond. Healthy support at .7600.
3. If price breaks through .7600, the pitchfork will break, and this could get more bearish price action. Next significant support is @ .7250!
4. US economic data has been OK especially compared to the rest of the world. If there is no confidence in China its hard to have any is the Aussie.
- #98,565
- Edited 5:31pm Aug 14, 2016 5:02pm | Edited 5:31pm
- Joined Nov 2015 | Status: I'm hungry | 4,034 Posts
The legendary dragon rider has a new prey , now watching little Aussie sheep. Too easy for long time, over bought and fat, ready to be slaughtered. Beware, death will come upon you. 
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- #98,567
- Aug 14, 2016 7:41pm Aug 14, 2016 7:41pm
- Joined Feb 2015 | Status: doing ninja shit | 2,077 Posts
The legendary dragon rider has a new prey , now watching little Aussie sheep. Too easy for long time, over bought and fat, ready to be slaughtered. Beware, death will come upon you.
- #98,570
- Aug 14, 2016 10:18pm Aug 14, 2016 10:18pm
in daily chart we could saw that buyer lost power and gravestone doji as indication then seller taker control with bearish engulfingenjoy your trade
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- #98,571
- Aug 14, 2016 10:18pm Aug 14, 2016 10:18pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Attempt on shorts on daily off 0.7759 top for a potential ending diagonal c yellow, SL @ invalidation near top of (4)
Elliott Wave for optimum entry, exit and risk management of trades
- #98,572
- Aug 15, 2016 12:18am Aug 15, 2016 12:18am
- | Joined Sep 2011 | Status: Trader | 1,029 Posts
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
- #98,573
- Aug 15, 2016 1:11am Aug 15, 2016 1:11am
- | Commercial User | Joined Jan 2015 | 1,352 Posts
20 Pips a day keeps centerlink away
- #98,578
- Aug 15, 2016 2:39am Aug 15, 2016 2:39am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #98,579
- Aug 15, 2016 2:46am Aug 15, 2016 2:46am
Just exited my barrage of long entries at 7680 with decent profit. 
feeling verrrry lucky n stupid for being indisciplined.
I was long audusd after bad US data on friday, how ever i missed the opportunity to exit around 7720, so i got angry and kept adding long positions as price kept dropping all the way down to 7645.
So of course i could not enjoy my weekend seeing that i was a sitting duck in a pool of alligators, market could have opened with a gap down or price could have dropped below7635( asia low). really could not sleep as 100 pips down would have taken me out. All i did was put a hedge at 7680, exit my platform and pray price gets there.
It just feels good opening my mt4 platform to see market did 1.76806.
Now i can relax and enjoy breakfast and go learn some discipline.
feeling verrrry lucky n stupid for being indisciplined.I was long audusd after bad US data on friday, how ever i missed the opportunity to exit around 7720, so i got angry and kept adding long positions as price kept dropping all the way down to 7645.
So of course i could not enjoy my weekend seeing that i was a sitting duck in a pool of alligators, market could have opened with a gap down or price could have dropped below7635( asia low). really could not sleep as 100 pips down would have taken me out. All i did was put a hedge at 7680, exit my platform and pray price gets there.
It just feels good opening my mt4 platform to see market did 1.76806.
Now i can relax and enjoy breakfast and go learn some discipline.
- #98,580
- Aug 15, 2016 2:51am Aug 15, 2016 2:51am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,077 Posts
Taking a short here , 7675, see if we can test the lows again, see if the daily and weekly pivot is enough to send it down for a bit, cheers all 