we are testing backside of uptrend line right now

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Sorry for the confusion. What I meant by the test failing is we will see the aud/usd rise above the trend line this week

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There are two possible scenarios that can happen with the aud/usd as daddy has mentioned. Based on what my charts and what I have been taught, I feel strongly that there will be a test of the broken trend line. I also feel that the test will fail ...

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I stopped following websites along time ago. It's nice to get a second opinion. But if you have to follow someone else's trading advice and you are executing someone else's trading plan then you need more education on how the market works. IMO

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I will wait for the retest of the trend line before I place my sell ^^

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People fail because they fail to educate themselves on the market. Get informed. Technicals are king!!

Survey: Why 90% trader's failed?

okay here's my chart. I'm trading off the four hour chart. The current AB boundary is from 1.0201 to 1.0410. There are two sub ABs that I see which are from 1.0324 to 1.0479 and then from 1.0358 to 1.0439. The second sub AB suggests that the AUD is ...

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LOL!

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I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?

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Hi all! I'm currently long in the aud/usd

All Majors and Gold

I'm just basing it off the technicals. I'm mobile but I'll try to post some more later on David

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I'm still in my long from Tuesday. I would say 1.0479 is next David

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The 1.0400 mark was major resistance. After failing several attempts to break it, it finally broke it last night. I have my chart below. You can see the ABCD swings that I trade off of.

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I just closed my short and I'm now long. Target is 1.0576 David

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I actually just closed it for a gain of 43 pips Will be looking for opportunities later on.

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Okay...I'm up 41.3 right now on the aud/usd

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Dont you have a charting system?

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I switch my charts to weekly and I see the same "Pivot Points". In fact, they're even more justified that it's going up to complete the pivot. I'm not familiar with the triangle method you are speaking of, perhaps it will go down, but long term she ...

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Okay. I see where you are coming from. However. That drop was simply a drop to complete a pivot point to the south. We are now in an upward pivot point since 5/19 actually. I expect this pivot point to be complete Possibly by the end of this year ...

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Can you post your charts if you don't mind? I would like to see why you think this. Thanks

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