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Thread: AUD.USD

  1. #41
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    looks like 4th wave complete at 91.50

    possible entry on wave 2 retracement to 92.50 area for run north to parity ?

    risk limit 91.50

    4th wave has printed bull flag

  2. #42
    action-reaction arco's Avatar
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    Hi DB

    Not sure about parity, but certainly looks like Aussie could
    be north bound to around the .9650-.9900 zone (red box).

    Blue line is critical if the EW wave is correct.

    rgds - arco
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  3. #43
    action-reaction arco's Avatar
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    Big fall today, but the action is still currently holding above
    the critical EW count line shown on the last chart. (Must
    stay above .9100)

    I managed 100 pips off a one order last week but the balance
    got stopped on Friday night at +50

    she'll be right


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  4. #44
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    A 3c trading range for the day, and still holding above 91 although currently on its low of 9155
    Death will be reality, Life is just an illusion.

  5. #45
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    took a long on this one , market all over the place but when such a good risk reward trade comes along you got to take it

    91.00 is the big line in the sand for two reasons

    refer back to daily chart the internal count i ii iii iv v would be expected to correct to bottom of iv 91.20

    4 wave can not enter territory of 1 again around 91.00

    so worth a punt risking 70 pips for many

  6. #46
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    interesting developments on this one

    got stopped out for a +100 first time around

    have re entered another long at 91 40 , sl 90 70

    the low today hopefully of wave 4 breached wave 1 by 10 pips , this is a very contentious issue but general wisdom seems to allow a small intra day breach

    so stick with bullish count but certainly looking at other counts

    time will tell as it always does

  7. #47
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    Quote Originally Posted by dumbass View Post
    the low today hopefully of wave 4 breached wave 1 by 10 pips , this is a very contentious issue but general wisdom seems to allow a small intra day breach
    That is an interesting thing with TA. It is the way that traders deal with these breaches that can often make or break a trader...
    Death will be reality, Life is just an illusion.

  8. #48
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    Quote Originally Posted by dumbass View Post
    have re entered another long at 91 40 , sl 90 70
    There goes the Stop Loss...

    What does this mean for the wave count?
    Death will be reality, Life is just an illusion.

  9. #49
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    top in at 95.00

    bearish count should take it down to 86 ish

    stopped out for -70

  10. #50
    action-reaction arco's Avatar
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    Hi DB/Steve

    With the break of the "critical" point shown on
    my last chart the plot started to look like a possible
    'truncated' 5th.

    Being unconvinced re the long I left a
    short order on at .9105 after dinner which
    is currently +109

    arco
    Last edited by arco; 21-03-2008 at 07:45 AM.
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