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EUR/AUD Discussion

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I'm about 250pips into it, until it hits my trailer stop. Using the 1hr chart, because it has a lot of room to move. Interesting to see how far it pushers on with it...Before it hits my stop...

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Last night my stop was meet on the 1hr chart after the 30m chart, sold out. Interesting day/night trading, Not much action at all, compared with other day trades. At present perched on the 50ma. Looking at the EUR/AUD now it wants to go long...But i predict it to be another long day, with possible action late in the evening again...

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Yep EUR/AUD has gone long. Spotted it early, entered in time for about 200pips so far. Still climbing. Good News. Still a lot of room to move on the 30m chart, breaking new highs...

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Stockybailz said:
Yep EUR/AUD has gone long. Spotted it early, entered in time for about 200pips so far. Still climbing. Good News. Still a lot of room to move on the 30m chart, breaking new highs...
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Got out at the top of highs, as the EUR appeared exhausted and CCI had made a strong swing, indicating the EUR was going short. Got back in an hour ago, on the indicated suggestion that the stoch was turning with the tide...

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Stockybailz said:
Got out at the top of highs, as the EUR appeared exhausted and CCI had made a strong swing, indicating the EUR was going short. Got back in an hour ago, on
the indicated suggestion that the stoch was turning with the tide...
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Got out of there in a hurry every thing turned choppy. A good thing to remember when placing trade is to make sure your chart time frames align with your trade. In this instance the 1hr chart was still moving long, causing the 15m, 30m, chart to adjust. I can't recommend going short at this instance not at this moment, wait for the charts to align and trade the bull market...A mistake i make only to often...Not keen to bet my sheep stations...AUD look a bit bearish...

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Stockybailz said:
Got out of there in a hurry every thing turned choppy. A good thing to remember when placing trade is to make sure your chart time frames align with your trade. In this instance the 1hr chart was still moving long, causing the 15m, 30m, chart to adjust. I can't recommend going short at this instance not at this moment, wait for the charts to align and trade the bull market...A mistake i make only to often...Not keen to bet my sheep stations...AUD look a bit bearish...
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Took confident chance, the 4hr on a resuming high, the 1hr adjusting to conditions, 30, 15m correcting its position. Awesome indicator at 0 changing it trend outlook. momentum at a high etc...To a chance and went long...

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The market appears pretty congested, its looking like a sell signal at the moment, but i wouldn't get involved with the AUD looking very bearish all day. Interesting to see what tomorrow brings. The EUR contesting new highs with the 0>Fib Retracement on the 30m frame and the 4hr frame has room to move at 0.5 Fib, While everything else is at 0, o.236 Fib. Should it continue to search for new highs.

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Stockybailz said:
The market appears pretty congested, its looking like a sell signal at the moment, but i wouldn't get involved with the AUD looking very bearish all day. Interesting to see what tomorrow brings. The EUR contesting new highs with the 0>Fib Retracement on the 30m frame and the 4hr frame has room to move at 0.5 Fib, While everything else is at 0, o.236 Fib. Should it continue to search for new highs.
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Well I was wrong about the EUR searching new highs, but true that it was in a sell signal. It looks like, just past midnight some time, it was to sell and go short, for the rest of the morning. Continuing on at this moment. As for the rest of the day who knows. Room to move in both directions...Momentum is down, but it is oversold...

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Look like there could be some more downside to the EUR. its early hours at the moment. But that's where the good money is. The 4hr chart wants to go on with it, as the trend indicates. Hopefully we will see the EUR contest the negative zone 0> Fib Retracement. At present under the 200ma with 30m chart...The AUD expected to rise, that will further confirm this action...

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Stockybailz said:
Look like there could be some more downside to the EUR. its early hours at the moment. But that's where the good money is. The 4hr chart wants to go on with it, as the trend indicates. Hopefully we will see the EUR contest the negative zone 0> Fib Retracement. At present under the 200ma with 30m chart...The AUD expected to rise, that will further confirm this action...
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As analysis suggest the EUR has conceded to the 4hr chart trend. I gotten on board with confidence that there will be further downside to contest negative 0>Fib. Good news trading the bull market...I probally should of waited but, Momentum, De Marker, show relevance as I expect the RSI, CCI to follow suit. The AUD is going long, so there's no better time to enter. I doubled the dose with 4lots all up with confidence...

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Stockybailz said:
probally should of waited but
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Ooops...But true story...Just being a bit optimistic, getting a bit carried away with all. Trying to be famous, I know better. Still have faith in the EUR keeping its downside trend. The 4hr chart so unreliable for entering a trade, when trading the 30m frame. I guess I should wait for EUR to consolidate its position, before entering the trade in the morning...Looking at all time frames and waiting for an entry signal...

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Finally the frames have aligned, giving a entry signals to what looks like a bull market. shouldn't be wrong, looks good. If all analysis is correct then should be in for a long night,,,

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Still hold the EUR, as I expect it to retrace, back to the downside where it will contest the 0>Fib again. Where theirs money to be had! AUD expected to turn to return to the upside.

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As predicted the EUR looking bearish still, further downside prevailed, All time frames have aligned, Got in on it 1hr ago, Interesting to see how far its willing to fall contesting 0> negative Fib on 30m, 1hr chart. The 4hr chart closing in...AUD looking Bullish...

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Suspected bounce off 0>Fib, to go long, for me the good money;s on further down turn, to follow trend and go for the day. But the practical would be to go long 30m chart...Stoch considered favorable for further bearish action. (optimistic)
 
Further downturn looks to prevail 30m chart. All indication looks to change direction, sitting in the overbought market. So the EUR look bearish for the time being, the long term scenario looks for the EUR go long later in the evening. The h4 still has room to move down side, according to the Fib Retracement...

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Stockybailz said:
Further downturn looks to prevail 30m chart. All indication looks to change direction, sitting in the overbought market. So the EUR look bearish for the time being, the long term scenario looks for the EUR go long later in the evening. The h4 still has room to move down side, according to the Fib Retracement...
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Totally wrong with that scenario, the bearish seems exhausted on all time frames and the bulls have taken over as a correction to trend, time to go long. I missed the call and didn't get an entry in...i'll try and catch an entry, after the next swing down...

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The EUR/AUD enjoyed some quite significant rise, since early this morning. Since the bearish movement became exhausted. Reaching negative 0>Fib 15m, 30m, 1hr. Signs a tun around of the bull markets is upon it. Going from end of the spectrum to other. Looking for sum downturn to prevail tomorrow...Expect to reach next fib retracement 0.618>0.5 and bounce for continuing highs...

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EUR/AUD swinging downturn after most of yesterdays highs, chasing 200ma I would expect...Although could turn at the 0.389Fib, but unlikely...

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EUR/AUD Breaking through resistance. Made a move this morning, chasing highs. After M/A consolidated together to signal a breakout move. Interesting to see how high it will run, with the 30m 1hr frames showing room to move, expect sum back lash, but the Bulls are in favor...

30m frame
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