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benaiah replied Oct 29, 2014he he
beautiful move for anyone who wasn't on that bull train wreck. I think most got out in time, hopefully. Glad I wasn't on it, as I lost interest in this pair's indecisiveness. However, I wouldn't get too comfortable, even for short ...AUD/USD
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benaiah replied Oct 29, 2014Bought again at 174.11. Weekly open gap still holding. Seems like still a good buy as long as buyers won't let it fall below that gap, we are going higher, I think...
GBP/JPY
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benaiah replied Oct 29, 2014174.5 resistance so closed position, may re-enter on pull back to 174.3
GBP/JPY
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benaiah replied Oct 28, 2014Looking like it wants to make another try to break the top trend line. Closed short positions and entered long...
GBP/JPY
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benaiah replied Oct 28, 2014By the way, I do like the chart you posted, very simple and to the point. I also like your conviction. And although I do expect this wedge to break on downside, they aren't that reliable in determining how much they'll break, i.e. hard to determine ...
GBP/JPY
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benaiah replied Oct 28, 2014Thanks for sharing your view... I agree we should see a drop to the downside (probably) when the wedge breaks. But rising wedges are not guaranteed, as nothing is in Forex
The weekly chart looks bullish to me, i.e. pin bar, and going up each ...GBP/JPY
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benaiah replied Oct 28, 2014Good for you! I like simple
Daily engulfing should be a high probability strategy that will have a good win percentage. It is a strategy I considered using. Also entering on a retrace, can significantly improve your R:R. These things happen all ...GBP/JPY
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benaiah replied Oct 28, 2014I will look for bullish reversal in the 174.10-173.96 area, to ride up to 175. This is my guess, anyway, as I expect the bulls to be ready and waiting around the weekly gap open...
GBP/JPY
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benaiah replied Oct 28, 2014Rising wedge formation, with 175 key resistance approaching. Short it from the top trend line, and buy from the bottom of it, and watch how price reacts to the opposite edge as it approaches it, if it breaks through, maybe a chance to ride it ...
GBP/JPY
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benaiah replied Oct 27, 2014Wake me up when it really breaks out, maybe I'll get in on a pull-back... By the way, doji-pin on the daily chart. 'bout ready to drop a nice 100 pips or so

AUD/USD
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benaiah replied Oct 27, 2014If price has really "bottomed" on the "weekly" chart, hitting 90 is no big thing. Hardly a retracement. It would have to break 95 to even reach the last swing high.
AUD/USD
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benaiah replied Oct 27, 2014I agree with Patron. I don't remember F-O posting any analysis on why AUDUSD will hit 90. All I remember is weekly charts, pointing out inverted hammer, and some trend lines and a BIG reversal on the horizon. Hitting 90 is no BIG reversal. It's not ...
AUD/USD
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benaiah replied Oct 26, 2014And who knows, maybe it'll go higher, as it has broken the top of the channel before. Anyway, lower time frames showing bullish consolidation, so doesn't seem ready to turn back yet...
AUD/USD
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benaiah replied Oct 26, 2014Unless something changes, and the big bears come to the party, it's looking to me like we'll test 8850-70 (top of the channel on H4 chart below).
AUD/USD
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benaiah replied Oct 26, 2014Okay, I guess more than one way to look at it. Also depends on what time frame you look it on. But I was noticing that the after bullish push to start the day above the gap, price pulled back, fell into the gap very briefly and hasn't looked back ...
AUD/USD
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benaiah replied Oct 26, 2014as far as which way it will go, I think I agree with you. Not looking "beary" friendly right now...
AUD/USD