Sunday Open Possible AU Short... — Looking at a possible AU short here. Gapped up to the previous 4H high from last week. Right at the 1.0000 parity round number At Daily R2 Pivot At 4H 200SMA DBHLC forming on the 15M image

Trade what you see NOT what you expect

No, didn't take it although an entry right at the DBLHC would have yielded a nice 20. I was looking for a retracement down the wick of the 1H pin which may be under way now. The thing is, as we get closer to London open I worry about another push ...

Trade what you see NOT what you expect

Potential AU Long? — Potential long on the AU shaping up here. 5M "Character" of the candles potentially shifted from impulse down/corrective up to impulse up/corrective down 15M DBLHC at Daily S1 1H pin may close in 5 min 4H still in the S/R ...

Trade what you see NOT what you expect

This was a nice looking setup and as you said it ended up giving a couple more signals on the hourly with the pin and then hanging man. Trying to trade with a hard stop time constraint such as work is tough as you may be tempted to force a trade to ...

Trade what you see NOT what you expect

Closed the remaining 1/2 of my AU short here at 9893. +35 on the entire trade for today. Reasons for closing out instead of holding: US Market closed and approaching "end" of the FX day at 5:00 PM ET so generally no volume. At the 1H 50 SMA and ...

Trade what you see NOT what you expect

AU Short — Hello everyone. I haven't gone through the thread for the past week or so but wanted to post my trade for today. Entered here at 40 on the rejection bar through the 15M 10/50EMA. Stops at 60 just above the high of that bar. image ...

Trade what you see NOT what you expect

With London closed now and the holiday in the US on Monday and a lot of people taking this as a 4 day weekend, I doubt that we'll see much more activity today. I'll be out next week. Have a great weekend and week and rake in some pips for me.

Trade what you see NOT what you expect

Ahh, that's better. I don't usually have a cable chart up but wanted to check out what Trotty was seeing. Thanks for the advice on fixing scale. I've got all my charts set up that way now and it helps.

Trade what you see NOT what you expect

Cable 4H — Good morning, Nice discussion going on as usual and thanks for your input on my AU trade and general thoughts. Price has now gone below the 4H hammer that Trotty pointed out. 2 hours on my feed to see if it will close below... ...

Trade what you see NOT what you expect

AU long here on the retracement to the 15M 10EMA after a strong break of the latest swing high. There's definitely some overhead resistance on the S&P and DOW as they are sitting right at their daily highs. This could keep a lid on the AU. Got a ...

Trade what you see NOT what you expect

Well, I've been tinkering with trading forever pretty much. Some stocks, futures, options, etc. As far as FX goes, I started studying it about a year ago and have been making a go full time since last August. At that time I started out with a ...

Trade what you see NOT what you expect

Exited my remaining 1/2 on the AU here as this late NY session rampfest is a lot like what we saw yesterday and unlikely to hold on to these gains. May look to re-enter during Asia if something looks good. image

Trade what you see NOT what you expect

I did switch all of my charts to fixed scale per the Captain's recommendation. I also keep a small 5M window open just to keep and eye on the PA and I also look at the candle size. Take a look at this chart. Notice how at the bottom point the ...

Trade what you see NOT what you expect

I love this way of trading because most of the time I am in a risk free trade. I'm really working on being patient with my entries to try to get a good price which allows me to cover that much quicker. I have a bit of trouble with trendlines that ...

Trade what you see NOT what you expect

Something lit up the market... Took 1/2 off here at the 15M 50EMA and Daily Pivot. S/L on remaining 1/2 at B/E +1. image

Trade what you see NOT what you expect

AU Long @ previous S/R and Channel — I took an AU long at 26 here at the Channel and previous S/R area. Stop just below at 10. I'll be watching that 15M 10EMA closely and if it holds for too long may cut and run. image

Trade what you see NOT what you expect

AU 1H Channel — Something to be aware of is this 1H channel on the AU (purple). May make a good long entry point... image

Trade what you see NOT what you expect

Added 1/2 back on at 55 on the retrace up to the swing low just broken. S/L just above the swing and 15M 10ema at 67. This is something that I am trying to practice. If I take profit on my position but price continues to move in my direction, add to ...

Trade what you see NOT what you expect

Took 1/2 off here at 69 (+21). S/L on the other 1/2 to B/E + 1 at 88. image

Trade what you see NOT what you expect

So, you took this on the 2nd candle when the low failed to go below the previous candle's low and then started to move back up and away from the TL. Is that correct?

Trade what you see NOT what you expect