AUD.USD

[arco]

Slam

Which osc you using?

[peat]

Yeh theres a lot of drivel on global-view for sure, and a lot of Engrish as well. see engrish.com if u dont kno what I mean.
There are others who make good comments eg Dallas GEP ; Tallin Viies, and others ... some guy from Havelock has been increasingly vocal too [] but martin is so far and above the others that he is the only one worth following imo.
And as regards why he does it? Yes a good question because he doesnt seem to be driven by ego which is what I always thought would drive people to post their market predictions and 'prove' themselves on forums. He has stated that forex has done him well so he just wants to put something back into the forex community. You're obviously pretty good at this game Arco, why do you post your strategies and calculations?

[slam]

Hi arco
Ultimate Oscillator UOS 10;20;30

slam

[Xerof]

Peat,

speaking only for myself, I post my views for 2 reasons - first, simply to vocalise my thoughts, which helps me clarify in my own mind whats going on, and second, if there is a strong opposite view out there, I should (and would hope to) get a reaction telling me I'm wrong, or posts which agree with my posted view, perhaps even with better reasons than I had in the first place. In such a case I'd usually double up joking....

I guess there's a 3rd reason, which is possibly a form of 'feeding the ego', but in this game, you need all the support you can get, in whatever form it comes, otherwise you'll just get crushed.

And for me personally, there's probably a fourth reason - I've been in the markets for over 20 years now, and am always happy to assist others get on in the game, as it's the most fantastic game in town.

[slam]

Forming a contracting triangle imo
If so this is b of the correction pattern

[slam]

triple bottom on the hourly as well now
worth a watch for a wee run I recon

[slam]

Someone’s breaking my triangle

[Xerof]

A break of 7470 will see a big figure run south quite easily. Sell the break, but wait for the break, may be yet another bear trap if it were to hold 7475 again

[Xerof]

AUD looks like its about to break out on topside of triangle on 4 and 8 hourly......35 is the level - 7480 first target. MACD confirmation is there too....

Xerof

[arco]

Following up from the Chit-Chat thread yesterday.

Anyway for now I am short AUD.USD and long USD.CHF

Just closed off the AUD for 122 pips
.....almost paid for the next cruise

Reasons - action has reached the 1618 fib and
could possibly form a reversal on the 10th Aug
support area, plus I will be not be here to monitor.

So happy with that profit.....
.......and CHF is up 35 pips at the moment.