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Ssm replied Mar 3, 2014.90 today unlikely. Price is weak and still capped by several resistance above.
AUD/USD
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Ssm replied Mar 3, 2014Gold is at resistance. IMO, there is no bullish indication for AUDUSD. In fact, below .8940 is bearish. Look at how price is struggling to stay above that level today.
AUD/USD
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Ssm replied Mar 3, 2014Nevertheless, should we have a candle close (at least H4) above .8940, then picture will change to the possible bullish move. Tomorrow RBA statement, traders might only load their positions after the release.
AUD/USD
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Ssm replied Mar 3, 2014I am surprised that it actually touches 1350 and rejected almost instantly. This indicate that the bulls are weak. Look at the rejection in H4 chart which form a pin bar. Silver having same patterns. If we can close the daily above 1350, we will see ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Mar 3, 2014image Excellent trade. 0.8940 is a proven support turn resistance line. As long as price remain resisted by .8940, the bears are still in control.
AUD/USD
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Ssm replied Feb 28, 2014I would think that today rally was largely due to the fact that EURUSD broke the high of 2014 rather than the 0.1% increase in CPI numbers. Lets now see if 1.3770 levels can turn resistance to support level for further rallies.
EURUSD
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Ssm replied Feb 28, 2014I do not have position in Aussie at the moment due to China data to be released when the market closes, but the retracement at the moment do not look strong though.
AUD/USD
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Ssm replied Feb 28, 2014Ok thanks. Nice trade you got there. I personally do not like to hold position over the weekend too, especially when China data is coming up next.
AUD/USD
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Ssm replied Feb 28, 2014Unlikely on a friday. China data release later when the market is close. Be careful.
AUD/USD
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Ssm replied Feb 28, 20140.8936 you mentioned was broken, why did you close off your shorts?
AUD/USD
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Ssm replied Feb 25, 2014Manz, you have excellent returns.
Are you using automated trading? Otherwise, how did you managed to trade so many pairs at a time?AUD/USD
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Ssm replied Feb 24, 2014Relying on overbought or oversold alone to trade is dangerous. I always ask myself this question before I trade, "am I standing in front of a moving train?" Nevertheless, I am hoping for lower levels so that I can add to my positions.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Feb 24, 2014Wow, a very ambitious plan. However, lets see if it can maintain close above .90 and break above .9060 first.
AUD/USD
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Ssm replied Feb 24, 2014The indicator for margin requirements looks useful. Care to share?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Feb 24, 2014No worries my friend, I have a few Gold positions holding from 1305 and Silver from 21.05. Might be looking to take some profit at 22.80 and remaining at 24.50 if we get there.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Feb 24, 2014image I was hoping to buy at lower levels. But guess not. I refuse to chase a moving train, will wait for new setups.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Ssm replied Feb 21, 2014Thought that inverted H&S is used for reversal patterns? How can it be applied in current situation?
XAU/USD & XAG/USD - Gold & Silver Traders Thread