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20-07-2012, 08:14 PM
#1501
Attachment 4057Big picture aussie , looks like a triangle on daily,
this is what im hoping could be a ride for 800+ pips to the short side.
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29-07-2012, 01:21 PM
#1502
Originally Posted by dumbass
hi pumice , there was a nice long this week on the aud , i tried to post in over the weekend but i think the sharetrader site was down , never mind plenty more where that came from.
3 long trades on at 1.012 1.018 1.020 for currently + 520 pips , i think we may see a retrace from here but it should be quite shallow, i will target 1.0480 area to close longs and reverse for a short.
the internal waves suggest one more wave higher from here.
the final wave higher did eventually materialise but with a more significant retrace than i anticipated , i kept the faith in the count and got another long position on .
the rsi has been a reasonable indicator of trend change when it has entered overbought and is currently hinting at an uptrend that may struggle higher from here .
target was 1.0480 which was touched but i will hang on for a little more then look for a short entry gl
+ 1200 pips
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29-07-2012, 04:04 PM
#1503
Originally Posted by dumbass
the final wave higher did eventually materialise but with a more significant retrace than i anticipated , i kept the faith in the count and got another long position on .
the rsi has been a reasonable indicator of trend change when it has entered overbought and is currently hinting at an uptrend that may struggle higher from here .
target was 1.0480 which was touched but i will hang on for a little more then look for a short entry gl
+ 1200 pips
Cheers DA, was a solid rally by the AUD.
I'm waiting on the sidelines until the market turns down again.
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01-08-2012, 09:56 AM
#1504
Originally Posted by dumbass
the final wave higher did eventually materialise but with a more significant retrace than i anticipated , i kept the faith in the count and got another long position on .
the rsi has been a reasonable indicator of trend change when it has entered overbought and is currently hinting at an uptrend that may struggle higher from here .
target was 1.0480 which was touched but i will hang on for a little more then look for a short entry gl
+ 1200 pips
seems like a logical place to close longs , 3 failed attempts to break 1.0530 at channel resistance
closed for 1300+ pips at 1.0520
shorts on 1.0520 stops at 1.0560
i feel there may be more upside into 1.06 - 1.07 but time for a retracement and may be wrong and this could be the start of a more signifcant move south.
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15-08-2012, 11:12 AM
#1505
Originally Posted by dumbass
seems like a logical place to close longs , 3 failed attempts to break 1.0530 at channel resistance
closed for 1300+ pips at 1.0520
shorts on 1.0520 stops at 1.0560
i feel there may be more upside into 1.06 - 1.07 but time for a retracement and may be wrong and this could be the start of a more signifcant move south.
forex markets coiling tight for a big move , still like the downside with various shorts on .
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19-08-2012, 09:50 AM
#1506
Originally Posted by dumbass
forex markets coiling tight for a big move , still like the downside with various shorts on .
weekly looking bearishAttachment 4082
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05-09-2012, 09:12 PM
#1507
Originally Posted by dumbass
still holding short with 2 shorts on from 1.0570 and 1.0530 + 800 pips
target aroung 1.01 where i would expect some reaction , where is everyone?
Attachment 4110
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05-09-2012, 10:37 PM
#1508
Nice trades DA
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06-09-2012, 07:56 PM
#1509
Originally Posted by miner
Nice trades DA
hey miner , how's the u trades going , its been pretty dead around here lately , shame really as there has been some awesome trade set ups.
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06-09-2012, 09:55 PM
#1510
Originally Posted by dumbass
hey miner , how's the u trades going , its been pretty dead around here lately , shame really as there has been some awesome trade set ups.
Picked up some respectable pips on a few NZD shorts.
Do you think the the AUD and NZD downtrend will hold over the medium to longer term?
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