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TaoTrader replied Jul 13, 2016I've been short on this pair since May! I'm selling all day hahahaha! When the correction starts again I'll go long, I even try to trade intraday corrections if i have the time, to maximize my profits, even though I'm a swing trader :-). But yes def ...
AUD/USD
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TaoTrader replied Jul 13, 2016Yep watching it closely with excitement to see what happens :-).
AUD/USD
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TaoTrader replied Jul 13, 2016Agreed when Gold drops the dollar is up and the GBP should go up too! But i think this will be a subdued PA. What do you think?
Dragon Riders GBP/JPY
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TaoTrader replied Jul 13, 2016I wouldn't say the daily and weekly are in conflict, its just that the daily has been correcting for a while, while it takes longer for the weekly time frame to show this movement. In my opinion they are syncing up nicely. I agree with you the ...
AUD/USD
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TaoTrader replied Jul 13, 2016Hello KeenPips! Yes the PA on the 1 hour and 4 hour are going down, let's see if it keeps going or hits a pause. Right now this pair seems to be taking a short breather, but that's perfectly normal lol.
AUD/USD
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TaoTrader replied Jul 13, 2016By the way I'm a Cable junkie its my fav pair to trade hahahaha!
EURUSD
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TaoTrader replied Jul 13, 2016Nice to see you as well my friend! Yea I stopped trading for a few years because I was busy with school and other stuff. Im back full time now :-). The Egyptian revolution lol. I agree what matters is that you work on getting pips no matter what :-)
EURUSD
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TaoTrader replied Jul 13, 2016Congrats to all traders who are hanging in there and trading conservatively throughout so much volatility! Especially those who see where the trend is going on the longer time frames! Happy trading my friends! Here's a little something for all you ...
Desert Island Trading Journal
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TaoTrader replied Jul 13, 2016Yea there could def be a rally, but afterwards PA will settle back down in the ditch LOL
EURUSD
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TaoTrader replied Jul 13, 2016Yes I totally agree my friend!!! In general! Price action likes to retrace at the end of every hour and at the end of a 4-hour session.
Dragon Riders GBP/JPY
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TaoTrader replied Jul 13, 2016Yes your long term target would correspond with the monthly time frame, something we could surely see happen very soon. Possibly by Friday or next week definitely. It depends on how impulsive the price action is.
AUD/USD
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TaoTrader replied Jul 13, 2016Yes I was waiting for a 38.2 % retracement myself (starting at 6/23), which would be over 140 and it didnt quite make it there. Let's see if it continues down or if it goes up one more time. Its surely going down, its just a matter of how soon!
Geppy's Geppy Thread (GBP/JPY)
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TaoTrader replied Jul 13, 2016As long as the downtrend continues, my take profit targets are as follows: looking first at the Monthly, Wave 3 going down to 61.8% would be around 0.72184; 100% would be 0.69545; my weekly targets are the same here; the daily targets are different ...
AUD/USD
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TaoTrader replied Jul 13, 2016The bullish movement you saw was a correction within the longer time frame my friend. Start on the weekly and monthly time frames, where the trend has been down for a while. If you use Elliot waves, you will notice the 4-hour has been down for a ...
AUD/USD
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TaoTrader replied Jul 13, 2016Nice movement on this pair after what seems like forever LOL. Finally going down on the weekly, daily, 4-hour, and 1 hour. Watching the fall :-)
NZD/USD