Looks to have bounced at the weekly and MML H1 pivots, also the 38.2 fr of down leg... Got a vague feeling in my bones that London may want to take it up for a test of the Falling TL, one thing that's making me wonder is the dead cat bounce at the ...

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I shorted from 3938 myself, but out of most of the position now...

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Reserve Bank of Australia, Australia's CB

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Don't want to try and teach you to suck eggs DMA, but may well be a day for quick profits ahead of QE... I didn't see much evidence of "big players" participating yesterday... Good hunting...

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as well as the overnight trend line, 1.39 is also where the 10 day simple ma currently resides... Is this going to be another slow day ahead of the QE announcement... I quite fancy range bound pa within Malcolm's 4 hr channel, we may also see the ...

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Right, stops and limits set, gonna be a good son and pop round to see my old mum, will check back in later for the start of Asia if you're about... Happy hunting all...

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I meant to say in these choppy conditions, will edit post...

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Yeah we're in uncertain conditions, I think because of QE2 it's been slow all afternoon, I reckon the big boys might be biding their time...

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Flexibility is the name of the game, cobblers to all that bear/bull bias, biases can be expensive, especially when the market is in consolidation...

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Going after the big fish later...

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Correction conservative target is 3865, aggressive target is 3838...

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Hey Chonch, how's those sardines coming along? Gotta say I'm short so I hope that trend line gets smashed... Conservative target 3838

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Excellent point, but to be fair that trade went to a possible +20 with zero draw down...

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May just consolidate for a bit, quite a few numbers out later...

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Did you close for +20?

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He's a short term scalper, he plays tight ranges and knows the personality of the pair, it's a perfectly good strategy but may not suit all...

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What is your problem Cloggie? It's ranging and quite frankly it ain't rocket science to call the support and resistance levels, imho....

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No need...

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Did it come to light what caused last night's spike? I seen a few whispers that China may have been behind it...

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A wee bit messy at the moment, lower high on m5, respecting the rising trend line for now, I can see a fair bit of potential support in the 3900 to 3920 region, daily, weekly, monthly pivots, fibs, etc.

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