that would be good
Printable View
a month after my lost post and we almost hit 1.09 AUD/NZD a further 300 pips. 1.0892 to be precise.
I am now slowly beginning to scale out. but I'm in no hurry as it could well just keep going up and up
Re:...yes back to 1.37 we go..
Yep those were the days...everyone driving around in rust buckets visiting garage sales... and... buying too many commodity items at the supermarket resulted in financial pain rather than indigestion pain...
another few weeks and scaled out completely now. we did hit 1.10 very briefly before going back to 1.08 . since that high on the 17th we've had a small bearish gartley so am looking for a steeper correction now but not shorting. Will wait for a buy again maybe at the 1.06 level if the right reversal pattern shows.
Yes I made a post in this thread yesterday saying that I was starting to enter AUD/NZD long again at 1.05 , (after having exited at 1.09 ish ) but somehow it got lost.
There is another bullish gartley as shown below but my long position is small , tentative and shall I say exploratory at this point as there is no evidence of a turn upwards at the 78% retracement level.
Attachment 8880
It is early days yet and I havent jumped but looking for a signal. Talks of parity always get me drooling lol
maybe now we have some evidence
Attachment 8886
buyon dips stop 1.390 could be the go for risk averse strategy
I'll probably consider it a soft stop , ie daily close below....
Planning on buying much more AUD at these levels (Into my ANZ AUD investing account) ...
Simple explanation winner..."timing is the hard part"..... the drop is coming, just watch and see, Descending Triangle.
Attachment 8904
Good move (IMO) JBmurc on buying Aussie now.