How? Sure, if buying high and selling low is your thing.. 0.87 is likely to be a large profit taking area for those who have been long earlier..

NZD/USD

I agree. I am happy being patient and holding my shorts for this pair since to me I am more convinced these moves back up are a retrace grab for shorts by the MM's. The downside potential is looking much more attractive than the upside potential and ...

Sonic R. System

Pipocrates, I would ask that when you post such claims like AU is going to 94 then 95 that you post your analysis why! TAH has said this many times and as a guest in this thread it is important to respect the rules for the benefit of everyone else. ...

Sonic R. System

Yes totally. I couldn't agree more, patience is the key I have learned. I think the more patient a trader can be using PVSRA and considering the bigger picture, the less drawdown they will have to potentially incur. It may even be worth ...

Sonic R. System

You make a good point Dyekid, although I see that there are volumes at the highs, there are indeed volumes at the lows within the range as well. I still believe though that after such strong movements up and a triple top having recently formed that ...

Sonic R. System

Congratulations For me, I remain bearish on this pair. The weekly pinbar may be a sign of whats yet to come. I agree we may see a retrace back up before then though. I intend to add short around the 172 area if it is revisited: image ...

Sonic R. System

My take. AU is screaming bears to me: image The MM's have been trying to keep this pair rangebound at the highs so they can build short before it takes off for its bear run for profits. It appears they are now deceiving people into going long and ...

Sonic R. System

Okay, well it would be most appreciated if you could give your opinion some sound analysis when you're in a position to do so. Yes, I am still holding all of my NU shorts and AU shorts: image image

Sonic R. System

None.

NZD/USD

What makes you think that? Its no use just saying your opinion without presenting a sound analysis to back yourself up..

Sonic R. System

I stand corrected..thank you Catcher 777

Sonic R. System

image

Central Banks & Big Players

Agh! Dang. EMA..

Sonic R. System

Dragon: 34 simple high, 34 simple median, 34 simple low. Trend: 89 ema close.

Sonic R. System

Added scout #2 at the whole number level (PVSRA). Probably should have waited for LS open. image

Sonic R. System

AUDUSD: SL hit on my last nights AU short trade for BE. Added a scout as price made its way above the 1/4 number and into overhead resistance. I will be watching the 0.93000 level and any further classics for more shorting opportunities with this ...

Sonic R. System

Nice read This is all too true in a lot of things today..

Too Many Lies In The Forex Trading World!

Thanks tah, I hear you. It's the old ancient proverb; "Its better to teach a man to fish so he can feed his family for a lifetime, rather than give a man a fish so he can feed them for a day." - Something like that. You're absolutely correct.

Sonic R. System

My 2 cents on the NZIER Business Confidence is the logical approach being, with a higher exchange rate this would do anything but increase confidence, namely amongst exporters. It would in fact do the opposite and dent confidence. Theres no such ...

NZD/USD

TAH, this is just the explanation I was looking for! I have saved this post. Thank you for making sense of it for me, very interesting, and well worth keeping in mind

Sonic R. System