Aud/Nzd

[Raj]

This pair is coming close to the daily channel resistance, as well as Sk...will be watching for bears. Right now, I havent marked it but its sitting at anothe 382 resistance from another daily swing.

:)

[Rob123]

I see that Raj and thanks -From what i can tell the last 2 consecutive swings are some good confluence and real close 68 -32 plus around the 2550 round number -Looks like the 4hr is forming a pin bar or shooting star .I'm showing about 81 minutes before this one closes. So will wait patiently :) . Rob

[Raj]

Hi Rob, personally I'm waiting for a nice 240 CF, as we have seen in the past at the channel resistance. If we get one, I will then consider an entry on the test of that CF. Better safe than sorry.

:)

[Rob123]

I'm with you Raj -never looked good for my tasting. Rob

[Raj]

I have taken an agressive bull entry at 2245 on this pair when the daily hit the 127 support extension. I'm hoping for bulls to take control of the retrace.
Time will tell if we get a daily low here.


:)

Happy Pipping

[Raj]

I have banked at sk, after 15min gave indecision candle. 55 pips, also not bad for a friday

:)

Happy pipping

[Raj]

You know temptation is overwhelming in this market...enough said, I have been tempted...taken another long at 1.2245 in hopes that it will be a position trade. See you all next week.

:)

Happy Pipping

[Raj]

The pair has hit one of my targets (from Fridays 2245 entry) so I am banking some profits at the 382 res...the remainder I have locked in.

:)

Happy pipping

[Raj]

I was watching the 127% support area on the daily chart, and we got a nice signal for a long...watching the res at 2240 now.

:)

Happy pipping

[Raj]

2240 target hit, now im shorting sk from 2248

:)

Happy pipping

[Raj]

Banking the short from sk at 2190 because there is some support there, and its 3:30pm lol


:)

Happy Pipping

[Rob123]

Good job Raj -Your a money machine :) Rob

[Raj]

LOL thanks buddy....Im going to look for the bears if we reach the price of 23317...there is some daily res there as far back as 2006

:)

Happy Pipping

[Rob123]

Hi Raj, One thing i have observed with this method is if it breaks 2 support levels or 2 resistance levels the chances of it coming back and resuming in the same direction is very likely.Of course it could be as high as a 78.6 Now these Sr lines i'm reffering to are more or less eye balling.I haven't been doing much counter trend trading like you but i see there is some huge moves especially if it breaks a trendline with a retest.I've made some good pips just trading with the trend.Your examples and illustrations really help.

Thanks,Rob

[Raj]

My target was hit so I've cashed out just over 90 pips on this pair...will wait for another setup.

:)

Happy Pipping

[Raj]

Back at the channel resistance with some bear signals forming...perhaps the UK bears will come out

:)

Happy Pipping

[Raj]

Im banking 50 pips at SK support

:)

HAppy Pipping

[Rob123]

Raj, I do like the price action on this one on the daily chart to the upside potentially. We have daily bar with 2 inside reversal hammers.the second hammer breached the first one's low.I may go in a limit order on this one looks sweet. This is just a daily method i've been using a couple of years works pretty good most of the time. Rob

[Raj]

Hi Rob, Yes it needs to break the daily 382 fib, perhaps a long order above the resistance may work. And the charts, yes, I had to re-program all my charts because of computer hickup - I think i prefer the white also.

:)

Happy Pipping

[Rob123]

I did cash on some pips to the upside looks like the aud pairs could be going down - will have to wait and see. Rob

[Raj]

This one was tricky because of the fundy Rob, but looks like the market wanted its 618 retrace. next possible entry was at the backside of TL on 30/60

:)

Happy pipping

[Rob123]

Hi Raj, Are you showing a morning star on the 4hr chart 38.2 fib of the daily ? The spread is just too much for me anyway so i'm going to pass even if it does break down to the downside.

Rob

[Raj]

Rob, you're getting too good at this man!!!. I was discussing this one with my colleagues yesterday....only thing is its sitting at SK res...it needs to break that first.

:)

[Rob123]

Hi Raj, I have a great and excellent teacher :)