Maybe we can look at USD/JPY
It was the best of times, it was the worst of times
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Re: It was the best of times, it was the worst of times
An alternative is AUD/USD:
Re: It was the best of times, it was the worst of times
Hell yea we can. start marking up the DWM. Look for confluence. Then look at 4h. Then plot out the 15m chart for tomorrow in your mind if there is a trade setup you see developing.
Remember patience is the most important idea when trading HTF
Remember patience is the most important idea when trading HTF
Re: It was the best of times, it was the worst of times
jrtrading wrote:An alternative is AUD/USD:
AUDUSD.png
Oh someone finally wants to play with me. *censored - swear word* YEA. You should always have alternative paths mapped out.
Re: It was the best of times, it was the worst of times
jrtrading wrote:An alternative is AUD/USD:
AUDUSD.png
Been there done that and you were a day late and a dollar short on your smaller timeframe entry. You were given a textbook 123 today to enter off.
Also keep in mind that the dollar has been currently in a rally, but might expierence a pullback.
What is the fundamentals for the Aud?
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Re: It was the best of times, it was the worst of times
jrtrading wrote:Maybe we can look at USD/JPY
USDJPY.png
I love UJ. What do you want to look at
Re: It was the best of times, it was the worst of times
Mr. Hyde wrote:I love UJ. What do you want to look at
A move up, double failure and long term reversal around 120?
Re: It was the best of times, it was the worst of times
Mr. Hyde wrote:Been there done that and you were a day late and a dollar short on your smaller timeframe entry. You were given a textbook 123 today to enter off.
Also keep in mind that the dollar has been currently in a rally, but might expierence a pullback.
What is the fundamentals for the Aud?
Goldman Sachs is bullish on Australia, but National Bank Australia forecasts that AUD/USD will end on 0.70
in December next year.
From your charts it is clear we are in a downtrend, so should only be a bounce for that matter.
Re: It was the best of times, it was the worst of times
Mr. Hyde wrote:Been there done that and you were a day late and a dollar short on your smaller timeframe entry. You were given a textbook 123 today to enter off.
Also keep in mind that the dollar has been currently in a rally, but might expierence a pullback.
What is the fundamentals for the Aud?
Yeah, I was a day late it seems.
Re: It was the best of times, it was the worst of times
jrtrading wrote:Mr. Hyde wrote:Been there done that and you were a day late and a dollar short on your smaller timeframe entry. You were given a textbook 123 today to enter off.
Also keep in mind that the dollar has been currently in a rally, but might expierence a pullback.
What is the fundamentals for the Aud?
Goldman Sachs is bullish on Australia, but National Bank Australia forecasts that AUD/USD will end on 0.70
in December next year.
From your charts it is clear we are in a downtrend, so should only be a bounce for that matter.
I use to listen to the banks,cnbc and the hedge funds for stuff like that. Now the way I figure is half from my charts, a quarter on how the news reports are being released and just the general economy for said currency and then compare how it is doing against other currencies.
Until I see the charts for A/U tomorrow my guess would be congestion. Also there is red news for USD and NZD (effects AUD indirectly) tomorrow.
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