Waiting for a breakout...
20 Pips a day keeps centerlink away
- #98,804
- Edited 11:14am Aug 30, 2016 10:34am | Edited 11:14am
Hello guys (and girls, if any!)
Here's a short I entered earlier on the break of yesterday's low. Let's see how far it travels, if at all. Would be interesting if the market took out those with stops at the lows of July and August, before breaking the summer's highs, which I still expect to happen.
EDIT: I closed the short manually at about B/E. Today could be setting to be a trap for USD bulls. And I do not like the looks of Friday's big red daily bar. False sense of security for AUD bears
Leaving my buy stop orders in place
Here's a short I entered earlier on the break of yesterday's low. Let's see how far it travels, if at all. Would be interesting if the market took out those with stops at the lows of July and August, before breaking the summer's highs, which I still expect to happen.
EDIT: I closed the short manually at about B/E. Today could be setting to be a trap for USD bulls. And I do not like the looks of Friday's big red daily bar. False sense of security for AUD bears
Leaving my buy stop orders in place
- #98,805
- Aug 30, 2016 1:03pm Aug 30, 2016 1:03pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} I'm sort of with you although .79 might be a bit ambitious. been long since .7534 like watching paint dry. Europe sort of supported the Aussie but I don't know if I'm game to chance the US open. Might just take what I've got and sit on the sidelines as I can't watch the US open. Had a pretty good day so don't want to give it all away.
I don't trade the crap A/U but think of selling E/A. Is it good now (quite overbought) or wait for next resistance...?
Beware of robber banks (RB), bad advisors.
- #98,806
- Aug 30, 2016 8:33pm Aug 30, 2016 8:33pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Setups to go long from 0.7524, SL @ bottom of ii, target 0.7900. {image}
Elliott Wave for optimum entry, exit and risk management of trades
- #98,807
- Aug 30, 2016 8:37pm Aug 30, 2016 8:37pm
- | Commercial User | Joined Jan 2015 | 1,352 Posts
20 Pips a day keeps centerlink away
- #98,808
- Aug 30, 2016 8:38pm Aug 30, 2016 8:38pm
- | Commercial User | Joined Jan 2015 | 1,352 Posts
{quote} That was of my scenarios if the daily channel held up, however it has broken and see it falling further 1st zone .74200.
20 Pips a day keeps centerlink away
- #98,812
- Aug 30, 2016 10:02pm Aug 30, 2016 10:02pm
- | Commercial User | Joined Jan 2015 | 1,352 Posts
{quote} Lmfao well that was a quick stop out.
20 Pips a day keeps centerlink away
- #98,814
- Aug 30, 2016 10:09pm Aug 30, 2016 10:09pm
- Joined Nov 2015 | Status: I'm hungry | 4,034 Posts
- #98,815
- Aug 30, 2016 10:18pm Aug 30, 2016 10:18pm
- | Commercial User | Joined Jan 2015 | 1,352 Posts
i refuse to trade this at all due to false chinese data - they can release some crappy report any time causing a spike no way
some in profit and some not, targeting .7100 swaps are giving me the shits though. so may end up cutting soon if I dont get my way.
20 Pips a day keeps centerlink away
- #98,816
- Aug 30, 2016 10:18pm Aug 30, 2016 10:18pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
- #98,817
- Aug 30, 2016 10:20pm Aug 30, 2016 10:20pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
{quote} Im not trading the aussie atm either Got shorts on the kiwi otherwise I probably would of shorted aussie yesterday after seeing those 2 dojis on the 4h but the kiwi is just as resilient as the aussie
- #98,818
- Aug 30, 2016 10:24pm Aug 30, 2016 10:24pm
- Joined Nov 2015 | Status: I'm hungry | 4,034 Posts
{quote}I think if any country posted the actual real numbers it would be astounding.
you know what i would not be surprised.
- #98,820
- Aug 30, 2016 10:57pm Aug 30, 2016 10:57pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
Took a few longs around todays open, 7505 , not looking for much other than maybe the weekly open at 7558, ,yesterdays high would be the next tgt with the weekly pivot being the last if it where to go that far, probably a choppy ride, white average on the eight hour chart is a 30 day average , it was used for support a couple times ,,,,,,,,,, more than likely will get used for resistance, that is sitting around the weekly pivot.,,,,,,,,,,,daily chart it is 50 , 60 pips above the quarterly open and quarterly pivot, may provide some decent support, todays open is also around the weekly S1, I was watching for a little bounce from that, hence a few longs , try and hold them long enough to make a little interest. cheers all 