Great call. My charts just got up and it went south like you expected.

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Wow, I was sweating bullets. I lost my internet connection for the last few hours. Geeze Oh well, back on now and nothing went against me, but wow, that could have been bad. I'm back now though.

Nearly Naked (Simple Trades)

Personally, I think trading solely on candle formations is not the best tradig method, but that is just me and my opinion. It might work well for others. I like to trade with S/R lines that can be easily drawn by just looking at PA (Price Action). ...

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now it's testing fib

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Bounce

AUD/USD

Here is my chart I just posted on AU thread showing that AU usually tests "00" 93 first before accelerating through. Watch PA around there. I don't have any pending orders and will just pull the trigger when I think PA has lined up.

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I just see that PA usually tests once then gets accelerated through. This would be our first test since the drop. I'll still be watching PA right at "00" so i wont have any pendings around there. We'll have to see.

AUD/USD

I usually watch H4, H1 for my trade range and M30-15 for my entry. I only hold positions for a few hours or so. I use Daily for my LT direction. How wide do you set your stops being a LT trader. Mine are rather tight, but my frames are smaller ...

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Haha, cocktails are your motivation. Nice. Good job on the pips though. 5 pips are better than no pips and anything above 0 means you did something right. Good Job

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I think if AU gets to "00" 93 the might be a bounce, PA has been steep. That is if PA can get there first. If it does though, a small short with a semi-tight stop could get me some of my UJ pips back since UJ is taking its sweet time

Nearly Naked (Simple Trades)

Anyone planning on PA getting to "00" 93? If so could see a bounce

AUD/USD

It's taking so long, I know PA should be slow right now, but my concern is that it tries to go for fib 38 at ~92.787 before taking the plunge. I wish it would just drop and make my pips back

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Well, I made some on the small move around where you said. But I went short again with a SL that was too tight, my bad. When is UJ going ot retrace some of that 100+ pip move and head south?

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Ouch, I lost some pips on UJ.

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Haha, nice. Screwdrivers and Mimosas

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I took 7 pips off that bounce. It might test again or go to S/R. I will re enter then

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Nice, thanks! I marked the region on my chart and will watch it closely now. How has the trading been going. Haven't talked to you in a while.

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Just placed a small short on UJ, with a stop that is above the next S/R. Not a big risk, but we'l see how PA moves

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Nice job Marc! I haven't been watching AU that much today, I'm going to have to go check it out

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One to watch right now

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