It was the best of times, it was the worst of times

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jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Tue Dec 20, 2016 11:25 pm

Maybe we can look at USD/JPY

USDJPY.png

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jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Tue Dec 20, 2016 11:29 pm

An alternative is AUD/USD:

AUDUSD.png

Mr. Hyde
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Re: It was the best of times, it was the worst of times

Postby Mr. Hyde » Tue Dec 20, 2016 11:33 pm

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

Mr. Hyde
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Re: It was the best of times, it was the worst of times

Postby Mr. Hyde » Tue Dec 20, 2016 11:34 pm

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.

Mr. Hyde
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Re: It was the best of times, it was the worst of times

Postby Mr. Hyde » Tue Dec 20, 2016 11:49 pm

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?

audusd-mn1-oanda-division1.png
audusd-mn1-oanda-division1.png (67.01 KiB) Viewed 4569 times

audusd-w1-oanda-division1.png
audusd-w1-oanda-division1.png (54.66 KiB) Viewed 4569 times

audusd-d1-oanda-division1.png
audusd-d1-oanda-division1.png (69.42 KiB) Viewed 4569 times

audusd-m15-oanda-division1.png
audusd-m15-oanda-division1.png (43.15 KiB) Viewed 4569 times

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Re: It was the best of times, it was the worst of times

Postby Mr. Hyde » Tue Dec 20, 2016 11:51 pm

jrtrading wrote:Maybe we can look at USD/JPY

USDJPY.png


I love UJ. What do you want to look at

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Tue Dec 20, 2016 11:56 pm

Mr. Hyde wrote:I love UJ. What do you want to look at


A move up, double failure and long term reversal around 120?

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Wed Dec 21, 2016 12:02 am

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.

jrtrading
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Re: It was the best of times, it was the worst of times

Postby jrtrading » Wed Dec 21, 2016 12:03 am

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.

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Re: It was the best of times, it was the worst of times

Postby Mr. Hyde » Wed Dec 21, 2016 12:12 am

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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