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jayjb replied May 16, 2012you mean a critical support turned resistance? yesterday this support at 0.9975 was broken, today we're retesting it to see if this support has become a resistance.
AUD/USD
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jayjb replied May 16, 2012you are right.. based on the sluggish pa, i got out.. waiting for the next opportunity to enter now..
NZD/USD
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jayjb replied May 16, 2012nzdusd double bottom confirmed on m5 closed out short at be long from 0.7667 tp 0.7690 pending short from 0.7690 to 0.7650
NZD/USD
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jayjb replied May 16, 2012good day all.. finally back home after being stucked in camp for 2 days for literally nothing ugh.. missed many opportunities to earn pips because i closed too early.. added kiwi short at 0.7665 tp 0.76 despite all the hourly, h4 and daily bullish ...
Trading live accounts in a bat country
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jayjb commented May 16, 2012just sent aud lower
BHP chairman sees commodity markets cooling further
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jayjb replied May 15, 2012Lucky you I closed my positions prior to the news and missed the entire move down, damnit sigh
AUD/USD
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jayjb replied May 14, 2012well kiwi is fundamentally very weak right now, even if europe turns out good, they are still economically weakening now, just refer to yesterday's retail sales.. for now 0.7770 should cap any upside movement, above this we will have 0.7810 which ...
AUD/USD
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jayjb replied May 14, 2012Regular divergence or hidden divergence, it must break it's preceding trend line before the divergence is in play. It can't possibly go down all the way, intra day traders do close positions at the end of their session hence causing sudden spikes ...
AUD/USD
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jayjb replied May 14, 2012divergence only means weaker movement, in this case it means bears are taking profit while they have new sell orders at the next trend line contact.. as long as the bear line remains intact, you will not see any upward move on 100pips for a bullish ...
AUD/USD
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jayjb replied May 14, 2012yeap.. we just touched fib 62 from early europe open until the lowest swing.. as long as we stay under parity, we will see further downside
AUD/USD
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jayjb replied May 14, 2012closed my previous nzd short form 0.7810 at 0.7765 short nzd 0.7775 based on m5 support turned resistance.. let's see if we can get another 15 pips down
Trading live accounts in a bat country