16 Sep 2013 Click on date for 4hr charts. We are usually cautious trading on Mon and Fri mornings. GU - The hanging man/doji close on Thursday was not the start of move down, just a pause in uptrend. Gapped up and would normally expect gap to be ...

Higher low, lower high system

Haven't looked at UJ chart so no idea what it did. You could exit where you did or around 99.17 to close the gap.

Higher low, lower high system

After yet another 1hr upper wick exited EURAUD buy at +102. Will post charts later.

Higher low, lower high system

Oh yes that was a very nice scalp there.

Higher low, lower high system

Yes todays open 1.4339 and the pivot just below it 1.4325 very important for EURAUD bulls, so yes that = AUD sells.

Higher low, lower high system

The question will be if trade survives. Just have to be in when one of those big Asian session moves follows through. If not now we'll be one trade closer to the big run which is always around the corner with EURAUD.

Higher low, lower high system

13 Sep 2013 GU - D closed a hanging man at the end of a run up at a proven turning point in the past (Nov '12 low). 4hr RSI crossed lower suggesting scalp sells possible until D turns. This can be start of move down or just a pause in uptrend so no ...

Higher low, lower high system

Trade update, with profit floating around +100 stop to +40.

Higher low, lower high system

and nice CT trade.

Higher low, lower high system

I hear what you say. But AUD going up will not be good news for our EURAUD buy. The EURAUD buy we have is Mrs V's trade and she has the say on the exit. So far we are 100% still in no taking half off. Seen a 4hr low taken out looking at lower high ...

Higher low, lower high system

Just looking at EV's last post as a great example. He has his candle patterns that he likes and invariably his ma's have good angle and separation (not a cross). His trades have the same general theme psych levels/pivots, ma's showing trend, retrace ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yes the CT short on euraud would have given some pips. We have seen a reasonable but no panic retrace lower and think the market is probably waiting for ECB press conference this afternoon. We won't look to add on to our buy until after that is out ...

Higher low, lower high system

D you will learn more from your losing trades than you will from your winners, honest.

Psych Levels, Pivots, and Trendlines - Resurrected

12 Sep 2013 GU - D closed positive stopping at the Nov '12 lows. Could react lower from here but bias up. GBPAUD - Aus employment much worse than forecast causing a big move higher this morning. It seems the Big Boys that stopped selling knew more ...

Higher low, lower high system

The most important piece of the analysis I think was, the US session (when London still open) could not take us lower and the question would be why not?

Higher low, lower high system

Hi danc I am assuming the AUD employment news was a game changer. As always with news we'll have to see if it follows through or not.

Higher low, lower high system

Yes I thought we were toast but the 1.4235 area that it has bounced from several times held. and our stop was below. Sitting roughly at +100 on an open trade so obviously anything can happen still. For now we have stopped at the 9 Aug high (20 June, ...

Higher low, lower high system

Looking good. Any chance you could put an arrow under your entry candle so we can see where you got in. Cheers, nice one.

Higher low, lower high system

Won't be posting a chart on this one. No idea if we are going up or down but the support at 1.4240 is getting just as much resistance at 1.4295.

Higher low, lower high system

In EURAUD buy at 1.4272. Proven support level, price showing it does not want to go lower for hours. 4hr had 3 bar reversal close, RSI crossed above signal line. Will post charts if trade goes on and breaks up.

Higher low, lower high system