jrtrading wrote:Maybe we can look at USD/JPY
USDJPY.png
I love UJ. What do you want to look at
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
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
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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Re: It was the best of times, it was the worst of times
jrtrading wrote:An alternative is AUD/USD:
AUDUSD.png
But in my own ignorance, I assumed you were looking for a true trend reversal from your chart or that there isn't the chance of a continuation move tomorrow. Possible look for a pullback to .74
Re: It was the best of times, it was the worst of times
Lets watch the 1st 3 hrs of asia on EJ. Call out anything you see
Re: It was the best of times, it was the worst of times
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Last edited by jrtrading on Fri Dec 23, 2016 1:01 am, edited 2 times in total.
Re: It was the best of times, it was the worst of times
Steve Patterson made $24,000 yesterday trading AUDUSD short.
He has some interesting videos for those interested:
He has some interesting videos for those interested:
Re: It was the best of times, it was the worst of times
UJ gave a nice short today. Just a simple dragon 4hr momo trade. 3 possible entries. 40, 30, 25 pips
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