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Stockybailz

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EUR/AUD consolidating a trend down side looking for the 200ma, with the market on shaky ground no telling on its true position. Time will tell?

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Stockybailz

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I thought I would add if I may? One of my biggest problems with trading FX, although I think I've got it down pat. Is that I always enter a trade to early. That's when it turns and bites, and if I let it ride, thinking it go, where I believe it was going, I suffer. You must have sum DISCIPLINE...
Yes only time will tell, got in on the correction of the 5m, 15m mark, just following the Jig Saw. Look likely to swing down from here?

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Stockybailz

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EUR/AUD exceeding highs as it goes for broke, breaking boundary against 0>Fib. Good to see while the crickets on!

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Stockybailz

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After contesting the higher 0>Fib friday night. EUR/AUD expected to go further short today...Searching for the 200ma. If it doesn't bounce of the 50ma,,,

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Stockybailz

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EUR/AUD siting comfortable on a high, expected to be exhausted in the coming hours. My money's on a further down swing to go short later...

Although alarming news is that the AUD/USD is also on a high, contesting the higher 0.5>Fib, expected to go higher, which would suggest that the EUR/AUD to go short. Time will tell...This is looking at a short term this morning, expecting to go long later in the evening..

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Stockybailz

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Frustrating couple of days. EUR/AUD been in the bear market not much if any to be had. I finally scored after 10pm wjth the pair finally going long, after persevering all day...Hope for further long action but the good moneys on it going short..

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Stockybailz

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With the EUR/AUD exceeding highs these last couple of days. It appears exhausted bouncing off 0>Fib on all frames 15 - 4hr, My moneys on going short. Momentum is low..Chasing the 50ma looking for the 200ma.. AUD is bullish...

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Stockybailz

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EUR/AUD still looks short, after yesterdays down swing, momentum is low, oversold but looks to continue on that path. has over come the 50ma as it chases down the 200ma...

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Stockybailz

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EUR/AUD had reached the 200ma on the 15m frame, and turned north. Going long for what appears to be a strong push, tuning in a sharp manner and going fast. rather then previous momentum of a slow short action...

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Stockybailz

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EUR/AUD had reached the 200ma on the 15m frame, and turned north. Going long for what appears to be a strong push, tuning in a sharp manner and going fast. rather then previous momentum of a slow short action...
Scored some meaningful credits, from the slow momentum going short and from that push north, yesterday. But lacked confidence to continue on with the short action. Could see the EUR continuing its short momentum through the hours of the morning, but expect momentum to change and go north, hoping for some confident long action later in the evening...

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Stockybailz

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Not that I know everything but I suspect that the present low momentum going short, suggests that there is something big compounding for the EUR to change momentum and breakout to go long in the for see-able future. To go long is emerging and the AUD/USD will see some explosive short action soon. I suspect that later in night today, if there is to be a change in momentum today. i look forward to it...Also the positive prospect of the EUR continuing momentum to the negative 0>Fib...(most probable)

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Stockybailz

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A bit of heavy betting going on here. i backed the EUR to change momentum and head north. I've got eight lots on the line. Confident a change is forth coming, Using the the methodology that you always hold your position if your on the correct end of the chart. The EUR has meet the 0>Fib on the 30m frame, which says to me that a change is intimate, and the pair should register. Hoping for a big day of highs...

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Stockybailz

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A bit of heavy betting going on here. i backed the EUR to change momentum and head north. I've got eight lots on the line. Confident a change is forth coming, Using the the methodology that you always hold your position if your on the correct end of the chart. The EUR has meet the 0>Fib on the 30m frame, which says to me that a change is intimate, and the pair should register. Hoping for a big day of highs...
Stuck to the plan didn't, close my positions, (saved money) even thou I got into a lot of deficit. Under estimated the AUD when it was on a high. Lost a lot of ground and I skimmed (sleep) through it by the skin of me teeth. The 30m frame and the 1hr frame is overbought, hoping it will stay that way. Because the change in momentum was long over due, I'm backing my positions to hold strong, riding the 4hr frame, which has room to move in a positive strong change in momentum...Could go either way...Either way the credits are rolling in, using trailer stops....

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Stockybailz

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How bullish is the AUD (not very) The Aud struggles to climb. The EUR follows suit in the opposite direction, indicating a slow decline. No news in the economic calendar. Momentum support a swing long later in the evening with pressure against that move. appears to be another bearish day for the EUR/AUD...

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Stockybailz

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The EUR forecast, Trading Economics, to go higher through the week and inwards, that direction. Starting with a push from 1.57775 towards 1.59250. I have total confidence in this, but this scenario won't start until later in the evening. When momentum picks up...

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Stockybailz

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Been a unpredictable week with the EUR for me. I was expecting the AUD to fall, instead it has held strong after a choppy a fair last week giving no real indication of entering a position, with it spiking against trend frequently.

Today I've taken the position to sell. As its been trending that way since yesterday evening...using the Ichimoku Indicator, I believe the EUR will stay beneath the cloud for the time being...

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Stockybailz

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The AUD continues to act bullish. Perhaps the amount of money, being injected into the Flood situation in the South East is paving its way through the system GDP having a influence. There for the Eur/Aud has been bearish for a thew days in accordance. Seemingly bearish today it looks...How long will it last, be good to see...

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Have you considered that AUD (and CAD) are commodity currencies and commodity prices are rallying strongly?
EUR/GBP have a situation on their doorstep with the Russian/Urkraine conflict.

You've been stubbornly long this pair and it's taken far to long for you to consider going short.

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Stockybailz

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Have you considered that AUD (and CAD) are commodity currencies and commodity prices are rallying strongly?
EUR/GBP have a situation on their doorstep with the Russian/Urkraine conflict.

You've been stubbornly long this pair and it's taken far to long for you to consider going short.
Thanks Peter2, Havn't got the patients or tolerance to trade the 1day time frame, as a whole, I find concentrating on the AUD pairs, frustrating enough, EUR/AUD is my pair of choice, the most lucrutive of the 5 AUD pairs.

The Urkraine conflict and the floods playing a part into the outcome of the pairs. I don't want to trade the EUR/GBP I find it to volatile. Plus I prefer to rap my head around the AUD pairs. I have a better understanding. All 5 AUD pair currencies, rally well, AUD/CAD are of a closer fluctuation of the pairs.

The chart below shows I'm not shy, Just a matter of having a better understanding of the pair you trade...

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