I think its possible although not an ideal head and shoulders (as its too wide). However fundamentally I hear Aussie is set to go down. At least vs other currencies besides the dollar (because QE will drive all dollar based currencies up of course) ...

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if we break through the last highs (13) we will likely put in a bearish divergence

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yeah its very tight but i can have 5-10 losers throughout the day before I'll call it a day (sometimes i am just off, or unlucky with stops, or whatever it may be, the worst thing to do is keep trading once you hit your daily risk tolerance)

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half of position i will close when it turns invalid (mentally trailing my stop), half i will take near resistance Like 3115/20 area Maybe add the half back on a retrace until it becomes invalid

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this could turn into a runner... ill trail half the position

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90, and was stopped out (by half a pip) but re entered at 91 the moment i saw that 4th divergence when scalping i always use 3-5 pips

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long 93

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[quote=Iamfx;6019933] If no proper reversal candles than its not worth the risk IMO. It could just keep going even with multiple divergences. Yeah it works pretty well

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engulfing pattern or doji (ideally a morning/evening star), followed by a higher low/lower high or if really want to do less pips risked (but potentially higher chance of failure) but more reward as well, just do it after you see the proper candle ...

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ACM a swiss broker offers it (it is their platform i believe), the mousewheel zoom feature is quite nice I still use MT4 to place trades though

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also one more divergence at the end there that i didn't circle

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RSI divergence is working much better than CCI (what i used to use)

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whats with the chart?? did you take this pic with a camera or something? just press print screen i have to admit i like the look of it. i dont know if my eyes could handle it for too long though

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Nah, but I'm either too young or too stupid to understand what you are talking about

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there she blows (just need to break neck to be valid) annoying stop hunts in the metals. i re entered my take profit lower though

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if you missed the long train there is a potential M5 inverse head and shoulders going to set up on gold (right shoulder 1760 area) also M30 doji

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right as i was about to get off the market has to go and get all active on me.. could this long scalp have been more clear? with daily pivot @94 as well

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WTF crude! Some analysts were saying it would peak at 100 and 90 would be the new ceiling (because of supply) Edit: closed partials on silver longs, QE was price in, needs to consolidate/pullback edit: 2 minutes later silver falls 30 cents in a few ...

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great way to end the day huh? im calling it a day anyway, later Max

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long 1.3103 tp @ 09 edit: out +4, 07 easy trade there im calling it a day for posting, green pips for all i hope peace

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