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ben10 replied Sep 22, 2009the weekly chart gave me comfort
so wich chart are you trading from?AUD/USD
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ben10 replied Sep 22, 2009the macd indicator scare me abit , it show bullish and if its true the i believe double top should break above it. also your chart show very bullish formation with suports lines exhibit high and higher
AUD/USD
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ben10 replied Sep 22, 2009if the aussie and the kiwi both shoot up what happen to the aud/nzd cross? down of course ,therefore reduce position image just incase im got trap by the cross valuation
AUD/USD
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ben10 replied Sep 22, 2009no i never confuse , i cant afford to 'cos i want to be the best at this
AUD/USD
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ben10 replied Sep 22, 2009the plan : i always short aud/usd and always long nzd/usd and always long aud/nzd cross synthetic play, shifting between bottom/top picker model to trend breakout model and vice versa
AUD/USD
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ben10 replied Sep 22, 2009guess what where she will hang around? 8756 (the first fibo target) and could travel to the second target of 0.8888 ouch that a bit hairy image but thats mean she has to break 0.8775 resistance ! above 7250 i wll attack kiwi long
AUD/USD
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ben10 replied Sep 22, 2009as im shorting it perhaps my thinking got emotional bias, any way if it fall i expect she will visit 8675 once again as ausiie consilidate/ranging a lot lately, what do you think guys?
AUD/USD
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ben10 replied Sep 22, 2009anyone playing around with fibonacci level? if i open hourly chart and pull the line from 0.8543 to 0.8675 i got first target @ 0.8756 and the second target @ 0.8888
AUD/USD
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ben10 replied Sep 22, 2009spread for the kiwi 2.8 pips and for the aussie 1.8 pips range for the aussie 8758 - 8225 on 1 minute chart and break below, i'll add more short
AUD/USD
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ben10 replied Sep 22, 2009shes trading back up again closed some, reenter when she fall and price still below 8750
AUD/USD
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ben10 replied Sep 22, 2009second chart ,the highest bar not hit and you could go short there, if hit will create double top, above it you out for few pips risk
AUD/USD
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ben10 replied Sep 22, 2009just step aside Puks and watch the support resistance line and what ever indicator you deploy, i feel for you! most indicators works just fine IMO ! the person who running it is does not works or not yet anyway
AUD/USD