Gold just did a short at the m10 kijun Sen 1664.066 with stop 1665.05. Target 1660.87

on 4H it looks good to short..
but too risky for me.. do take a look at 1D chart (strong long move)..
it broke few critical levels.. (it may retrace though )
all the best..

Hit tp. Now shift into preserve mode.

Nzdusd aggressive Pb at 0.8137, stop 0.8121, tp1 0.8156, tp2 0.8181. This Pb has to happen in next 10 hour or it will fail.

Cadjpy Pb triggered at 79.31, stop 79.42, target 78.55

bro, all your analysis are buying up the greenback. But fundamental tells us that USD will be weakened. Especially after FOMC minutes this morning. QE3 in the line....

any comments?

well,

1. usdcad;
Look at your 1D chart & you can see there's a big pin bar there .. it broke the resistant there on.. yesterday was a retrace to 50~60% fib OR to resistant turn support
this pair also bounced off previous low (nice) & produced fakey setup...
anyway i was long on this pair earlier

2. audusd ;
it's so obvious that on 4H it show pin bar + bearish bar at resistant.. i think everyone saw that

3. eurusd ; i won't go short actually, the 1D movement is really strong.. might wait for a little bit longer to go short


as for fundamental.. err... i don't actually look really into it.. but here is my view; if QE3 is not here, it's not here.. if it's just a rumor, it will only give opportunity to enter..
i'm bearish on audusd, bullish on usdcad .. eurusd i see bear are coming;pending

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Added on August 24, 2012, 7:45 amyes.. what can i do for you ...

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Added on August 24, 2012, 7:48 amtry looking at the mt4 chart i posted previously on audusd ..
this applies to current usdcad .. tayor

This post has been edited by poks: Aug 24 2012, 07:48 AM


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Good analysis... happy pips hunting.

watchout for next friday 10pm. Unc Ben's speech. He is the currency manipulator. QE3 or not, it depends whether his own forex positions are in the +ve territory! haha... anyway, there's gonna be some excitement next friday.

This post has been edited by nemoexcel: Aug 24 2012, 08:18 AM

hey poks, curious, your price action strategy where did u learn it from? nial fuller?

today eurousd not very active...

yup ... part of it.. part experience .. mostly from analyzing charts, trial & error for years..
steve nison also part of it (i read the whole 330 pages of his book part of it are basics) .. LOL
btw never attended any course .. started from scratch to google to youtube etc etc ..

but i'll give credit from my previous failures .. always been a good teacher
*just to add; Jesse Livermore - Reminiscences Of A Stock Operator play important part in my trading

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Added on August 24, 2012, 3:11 pmstart moving now.. looks like a good short

This post has been edited by poks: Aug 24 2012, 03:11 PM

im hold short for euro/usd.breakeven already.

so fast break even?
few more pips for usdcad to continue marching
man.. this is one hard pair... LOL

might consider selling eurusd if closed below 1.2535 at 4H time frame.


This post has been edited by poks: Aug 24 2012, 03:36 PM

im enter short at 3 am
hopefully moving down to complete wave minor b.
tight tp

1.23 will be a good but level for me...
now waiting for gold to buy... 1.640 to look at what the market will do & 1.630 to find entry ..
but this will be all next week story

its popping upwards again~~~

(RTTNews) - German Chancellor Angela Merkel on Friday reiterated her support for Greece, saying she wanted the debt-ridden country to remain in Eurozone.
"I am deeply convinced that the new government under the leadership of Prime Minister Samaras will do everything possible to solve the problems in Greece," Merkel said.

EJ shooting up....

This week return - 7%

SL hit

Gold good to short?