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Pennies I thought you were already short AU hahaha
Absolutely Jav. I took the 55 pips @ 113.05. I left some on the table as well but no worries. This bar will need a retrace
You might be right. A gravestone doji might consider this dead.
Got it now. And again my TDI doesn't look like that. On the 1hr, my RSI priceline leveled out above the neckline. I hate that. I'll keep looking for another one.
The consensus says rates unchanged if I remember correctly. So you who knows. We'll see in less than an hr
I'm in small so if it does then oh well.
What scares me pennies is that there's an untested level above @ 114.10 and 114.43 so your pop and drop logic might be valid.
Should see around 113.50 on UJ then a slight move back up to test highs. The rejection bar was kinda short
There's the UJ rejection bar (support finder).
Yeah Still depressing.
AUD/NZD keeps hitting my entry line (breakeven) and then popping back upwards. I must be a major player. Lol
I think pennies said you have to take larger positions to see the benefits but I passed on it.
Lol. Yep, I deleted that thing...quick
Oh you'll get a lot of pips but only a few dollars. Lol. Something about that depresses me
Hey Jav. I deleted that chart since it was too expensive for me to trade but since pennies said it mirrors EU then yeah it's been ready. It just need a little push...
No worries. I'm not going anywhere.
Joined you on the UJ short @ 113.72
Now that's the truth.
Hey that's just like leaving your doors open and expecting to get robbed then get surprised when you aren't hahaha. I guess that just makes one feel better about losing. Whatever works.
Yeah there's still some topside left. I'm looking at the daily. It could be later this week before it's truly ready. The daily is nearing the wave 5 termination point but hasn't made the turn yet or the retest of the high so it's very early. I'm still in a small short on it @ 1.1268 and this is an expected loser to begin with for being early. I'm pulling one of your moves. Lol
Expecting losers... now that's an interesting philosophy. Hahaha.
AUD/NZD is looking so ready to tank. I'm waiting for the slight move back up to the top of the rising wedge then she should be ready
I'm known for second guessing my trades no matter how long I look at the charts. Regret follows almost immediately. That's the confidence thing creeping in
Free slot? Now that's funny. This week has been a dud for me. Only about +46 pips so far this week. I hate to jump in anywhere to long.
I knew you couldn't resist it pennies.
Good morning all. I'll be glad when this news gets out the way so trading can get back to normal.
What I was looking at was a short from the top of the wedge trendline to the bottom trendline and if price fell through I was golden. I still may get a few pips out of it. Thanks for the analysis though
Haha.. That's the patience thing that I needed work on.
Too late I'm in short AUD/NZD @ 1.1289 Just couldn't resist it on a rising wedge pattern.
All of which I need work on... BTW pennies, does AUD/NZD look like a tempting short to you?
Haha...comes from a twisted mind Jav. Good night
Or sounds like an old Steven King flick "Sometimes They Come Back" Lol
WTG Jav. Determination paid off I see.
Everything has dried up and waiting for tomorrow I guess....
Yep your trendline is right at the 7328 pullback target(weekly support) I was referring to before the move up. We're on the same page.
Pennies, I was looking at the higher time frames as well when I saw the possible target. On the monthly, price has tagged the 78.6 on the latest spike down @ 7592 and has since pulled back a bit. With a bearish engulfing candle forming on the weekly, a pull back to 7328 may be in the cards which is a strong weekly support area. That means the monthly is working on forming an Inverted hammer after consolidating in a downtrend. Not to mention that the consolidation took place at the 88.6 of the last monthly leg up. She's going up my friend in the process of a wave 1 in a wave 2 counter trend move and has been all month over all. Just MO though. I would post a chart but my computer is acting up...again.
Oh goodie. Have fun with that
It's in your blood pennies. You can't help it.
Good idea. I closed the EU short around the same time at the 61.8 FE It's 5 min so I take it when I can. I'm a whopping 5 pips in the red for today. What will I ever do? Lol
That's why I have a long term and a flipper. The spikes are measured moves and will be completed regardless. It's just a matter of time...and drawdown of course.