Dave you are the voice of wisdom in this forum you are not a blind sheep. @chloethebull if you keep doing this, sooner or later you will lose your trading account 100% granted last time you where lucky, maybe this time you will also be lucky but there is no grantee that it will work third time.
There are two scenarios either the price will go and test this year high and consolidate then reverse, at this point it is good short with defined stop loss. Or the AUD will just blast through it.
AUD in bullish mood, one way is to look at the 4 hour chart, you will notice the higher lows and higher highs,.AS long as it keeps making them in the 4 hour chart I am Bullish, The moment It start to have lower high, lower lows. at that moment ONLY I go short with define stop loss.
Dave you correct regarding The AUD/USD, i had position short yeasterday and i closed it. people in this fourm keep hold of there losssing position and sit here and cry and try to find some one to blame. a fundamental paractice in trading is to put stop loss .
i personally think that the AUD will continue to rally beyond 1.02. and there is a possibility that parity with US dollar will never be seen for vary long time.
GBP/CHF is very bullish, I see 1.87 as a realistic long term target ( Bollinger band is wide open no major resistance before 1.7150) the same applies to Euro/GBP i.e very bearish
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Dave you are the voice of wisdom in this forum you are not a blind sheep.
@chloethebull if you keep doing this, sooner or later you will lose your trading account 100% granted last time you where lucky, maybe this time you will also be lucky but there is no grantee that it will work third time.
AUD in bullish mood, one way is to look at the 4 hour chart, you will notice the higher lows and higher highs,.AS long as it keeps making them in the 4 hour chart I am Bullish, The moment It start to have lower high, lower lows. at that moment ONLY I go short with define stop loss.
There is a good opportunity in short USD against the Swiss franc; the chart is heading down with accelerated base.
people in this fourm keep hold of there losssing position and sit here and cry and try to find some one to blame. a fundamental paractice in trading is to put stop loss .
i personally think that the AUD will continue to rally beyond 1.02. and there is a possibility that parity with US dollar will never be seen for vary long time.
Dima
Dima