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on the larger take it looks like she may be building a base.. although I don't see an easily recognisable base pattern apart from the broad ledge... I suspect we may have seen the lows for this pair, as well as a few other carries I follow.... although ranging in the ledge is still possible/probable for a whiles yet... in udder words a mild 10c range between 63 and 73 may be on the trading cards... until it isn't that is.

cheers
............Kauri
 

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Day trading off the 30M and looking to take a nice profit towards the 2 red lower lines. At that point there may be another opportunity north.

rgds - arco
 

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Follow up on previous post.
I took 100 pips at the red lines, and shut up shop.

The action eventually headed north as expected, but as I had closed the office for the day I missed out on the reversal and rise to 71.30

arco
 

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Kauri said:
on the larger take it looks like she may be building a base.. although I don't see an easily recognisable base pattern apart from the broad ledge... I suspect we may have seen the lows for this pair, as well as a few other carries I follow.... although ranging in the ledge is still possible/probable for a whiles yet... in udder words a mild 10c range between 63 and 73 may be on the trading cards... until it isn't that is.

cheers
............Kauri
Click to expand...

Just having a look at some longer term charts.....

Could be a coily forming on the Dailies.

This could be medium term bottom or a launching pad lower.

If the latter, then the fifties seems like an obvious area in the longer term.
 

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Kauri said:
on the larger take it looks like she may be building a base.. although I don't see an easily recognisable base pattern apart from the broad ledge... I suspect we may have seen the lows for this pair, as well as a few other carries I follow.... although ranging in the ledge is still possible/probable for a whiles yet... in udder words a mild 10c range between 63 and 73 may be on the trading cards... until it isn't that is.

cheers
............Kauri
Click to expand...

just quietly trading in the range... despite the lack of liquidity...

Cheers
..........Kauri
 

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Kauri said:
just quietly trading in the range... despite the lack of liquidity...

Cheers
..........Kauri
Click to expand...

still not too keen on flags... butt... who nose??

Cheers
...........Kauri
 

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Kauri said:
still not too keen on flags... butt... who nose??

Cheers
...........Kauri
Click to expand...

and that will do for now... Uncle Ben to talk soon... may change the picture.. somehow..

Cheers
...........Kauri
 

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The Aussie is holding up well given the selling in other pairs.

Maulson about to speak, I've noticed we usually get a sell off after he talks:eek:

I like a short if we pop that TL on the hourlies.
 

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Kauri said:
on the larger take it looks like she may be building a base.. although I don't see an easily recognisable base pattern apart from the broad ledge... I suspect we may have seen the lows for this pair, as well as a few other carries I follow.... although ranging in the ledge is still possible/probable for a whiles yet... in udder words a mild 10c range between 63 and 73 may be on the trading cards... until it isn't that is.

cheers
............Kauri
Click to expand...

still just quietly trading the range... nott too exciting... butt... profitable..

Cheers
.........Kauri
 

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Kauri said:
still just quietly trading the range... nott too exciting... butt... profitable..

Cheers
.........Kauri
Click to expand...

and another way of looking at things... maybee..

Cheers
...........Kauri
 

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Kauri said:
and short stop closer in to the action.. :)

Cheers
..........Kauri
Click to expand...

the little bounce got my stop.... now to see what.. if anytink... develops from here..

Cheers
...........Kauri
 

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Kauri said:
...POST#201...on the larger take it looks like she may be building a base.. although I don't see an easily recognisable base pattern apart from the broad ledge... I suspect we may have seen the lows for this pair, as well as a few other carries I follow.... although ranging in the ledge is still possible/probable for a whiles yet... in udder words a mild 10c range between 63 and 73 may be on the trading cards... until it isn't that is.

cheers
............Kauri
Click to expand...

is she going to respect the range.... or nott.. :)

Cheers
..........Kauri
 

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Kauri said:
is she going to respect the range.... or nott.. :)

Cheers
..........Kauri
Click to expand...


I suspect she breaks the range. I piled in on Monday and can believe my luck atm. Anyhow, who can say....63 is short term support so we'll see.
 
We've had virtually no retracement from 71 ish. Got to be something of a pullback at some stage.

CanOz
 
Equities can probably rally today in Aust after Dow lead. So she holds for now. But I'm not leaving this without my 20%!! So I'll wait for sub 60. Could be a long wait.....but lots unwinding yet to do so I'm confident we get there at some point.
 
Feeling pretty good about this right now. I'm riding this to the bottom. Sub 50 here we come.
 
FX already moving ahead of the bell in the US.....hang on folks!

COz
 

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