https://twitter.com/#!/RichChristy
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
i agree. that whole spik was nonsense if you ask me. i added another short on AU at the top of that retard rumor runup
damn rumor mill
Looks like my wave 1 down came really close from that drop from 10360. it did that initial small retrace before heading up to my wave 2 target at 10240.
would be nice if i actually get it right for a change on Aussie for a change :)
yeah i was thinking we were looking at a head and shoulders on the 1hr chart but the right side didnt really drop as much as i thought it was going to. nonetheless I was thinking 1024 as the high before the bottom starts to fall out.
currently futures are in the red which makes me think we may see more red on both the DOW and Aussie for tomorrow? my limit is about to get hit on AU soon and im thinking I may go short but not 100% sure about it.
ill PM you my wave chart im looking at
Anyone here looking to buy USDCAD at this price? It has stayed above that trend line on the hourly for the last 8 hours now. hasn't been broken Oct5th or so?
UPDATED - EUR/JPY trade
Just an updated chart with this EJ short from this morning. Closed it out for 200pips. Loving this TDI indicator with nothing more than trend-lines, channels and simple wave counts.
I opened a long on EJ at the moment. thinking we may see a retrace up to the 107 price which would be roughly a .618 and back to the former channel. from there we may see some more declines. will keep an eye on it.
I am short on EURJPY from the 1075 price and totally expecting to see some retraces on teh Yen pairs but I am selling on any rally. Looking at the USDJPY chart the pivot and camarilla H3 shot levels are between 7695 and 7706 so I would add more to the short if it runs back up. JMO
It hit my target and went below that 100 day MA. closed my short at 10160. not bad for a 85pip short.
have to admit i took a long now on this last 1hr candle @ 1016. not to confident in it but its due for a minor retrace after the DOWs impressive efforts :)
Just a friendly hello from the Simplegreen Forex trading room to everyone. Ill be sure to make some visits!
Safe trading everyone...
Your absolutely making it happen on the longs you are taking! rock on Pennies. Im sticking with my two shorts for now. ones back up at 1.0310 and that other one from this morning i mentioned. moved my stop to close them both out at the second short.
all though if you look at the daily chart for AUDUSD the bar tagged the camarilla L5 Target. normally that means a nice bounce back up to touch the existing pivot but im still liking an overall short on this one unless it climbs higher than that 1039 price
Yo Pennies! check out the Hourly on AUDUSD. closed below the 50 day moving average and RSI still shoing neg divergence. i went short on AU at 1025 with a stop around 10265. thinking it may tag or come close to that 100 day moving average around 10165
everyone is calling their bluff. but its funny how real life events follow elliott wave theory. EURJPY @ 107.500-850 range was the complete of a smaller wave iv. so if that top was the complete, wave v would have this somewhere around 97, which is also a prefect retrace for the larger wave C if you can believe that!
the wedge pattern on the weekly is almost perfect. along with the wave count so it may not be so far fetched
What I tell you. Massive YEN selloff. UJ, EJ, GJ, CJ. all dropping huge
short GBPJPY from 121.800
Keep an eye on Yen related pairs. most are falling apart
fxcm's marketscope and tradestation
feels a little strange but I am still holding a $EURUSD Long from yesterday
there has been talks and rumors but i havent heard of where the peg will be. still hearing EURCHF going to be 1.30 within weeks. I have a running long from 1.20, 1.205 and 1.22. stop is set for 1.1990. they claim with all their heart it will not go below 1.20 so "i trust them" :)
i have a running short from 1.02 aas well. let it sit and break even.
well if you believe this pop was the complete I,II, III, IV, V sequence here on this pop to 1.023 then it would be a ABC down from here so A to B would be 9450 then C back up to parity somewhere. which would be wave 2 of a large sequence around 1.0220 and then wave 3 to the south would be back below the 90 price. i think you may be on to something pennies.
ill print a chart out to show you what i mean.
SO mad i closed my longs on AUDUSD. should have realized! I KNEW it was going to 1.01+ an yet it iddnt listen to myself.
I was in a NZD short and lost a hot 20pips on that one. still holding my UJ long from 76.70. who knows where that sucker is going but i have it set to break even if it falls. 7725 is a serious level for resistance so if it breaks north of that, watch out, IMO
i never go against the trend. i love the short action but when you know it is going to go up, mine as well follow it up and then short on the way down. shoudl have held the long a littler longer but ah well. opened a micro 10k short on AUDUSD at that top before it stalled. right now im in a NZDUSD short right on that R3 support line. looking good for a nice run down. at least thats what the chart wants me to believe. :)
days like today make me want to throw in the towel and quit trading. need to stop being so stubborn and follow the trend. always think, " AHHH THIS IS IT. GONNA FALL NOW" and it never does!
lesson learned i suppose.
twitter is as close as you can get my friend.
1hr AUDUSD Chart
Wanted to share my trades with AUDUSD on the way up. only using a channel and the TDI indicator with my fxcm charts.
Alogn the way up I took a 4 position long for some nice pips. Still think we are heading up towards the north but it may be stalling out so I closed them (since i cant hedge any more) and took my first short position.
See below
couldnt agree more. everywhere i read I keep hearing the same thing. and the charts done lie. USD inx just looks like its going to do its thing very soon.
Yes. went short at 7820 with a heavy short. holding onto this. 7760 is a critical price.
i really feel in the coming days the US dollar index is going to be strong
With all the success I have been having and not having ove the months I always tend to win when i trade NDSUSD and lose EU and EJ trades. From now on I am only going to trade NZDUSD and tamper with AUDUSD and EURCHF. Just wanted to share in case anyone else is a big NZDUSD trader.
im done with EURUSD and YEN pairs. DONE!!!!!!!!!
i think i remember me saying that yesterday :)
i moved everything over to tradestation.com
cant believe i havent done it sooner. best broker and features i have ever used!
speaking of divergence. it is showing up everywhere on the 15min for US pairs. NZD, EUR, GBP, CAD, etc.
EURUSD showing some divergerence onthe 15min RSI. openeded another short at 13785