Trade Idea // DLRCHF
note: you are big boy / girl: risk control is your responsability
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Current 9074
could be a buy here or on approach close still to 9062
SL … see big boy girl note above
a moment here so well sang about in the lyrics of Steve Perry from the band Journey – “Some will win, some will lose, some are born to sing the blues”
I was just asked if XAUUSD was a sell. First, I do not trade it so I can only speak from what I see on charts.
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If you scroLL down to my post on XAUUSD, I cited the range at 2300-2332. ‘
So ask yourself whether you want to sell mid-range with the low likely in for the day unless it is just a scalp short against the blue AT lines. ..
AUDUSD bouncing off its low as commodity currencies get a lift.
I am using this 5-minute chart to show how The Amazing Trader works with all instruments in all time frames.
We prefer using 15 or 30-minute charts for directional indicator patterns but in a quiet day like today, the 5-minute gave an early sign of a potential change in direction (as long as the low stayed intact).
Note the rising red lines are called an AT Ladder pattern.
puppy seems to be trading selectively amongst its components but as a whole instrument currently has little steam in the vatt to push it higher.
altho the grander scheme of things it is the euro that will – when it happens – see a cut first . In the meantime it ll probably need see a move up in yields to get some live.
three fed yakkers on deck still to yak and janet’s dept at
13:00 peddles off 42 billion of 10-yr paper
XAUUSD 1 HOUR CHART – OFFERED OR OFFERED IN A BID MARKET]
One hour chart showing a downside risk but failure to test 2300, which guards key levels at 2291 and 2277, raises the question of whether XAUUSD is offered or just a case of trading offered in a bid market.
The jury is out on this while it trades between 2300-32.
In the bigger picture AudUsd has just begun a sell side bias and is nowhere close to my parameters for finishing. That does not mean a bounce around current levels. I’m on the sell side until 6600 is firmly compromised including on an intra-day basis, were patience simply applies during any bid bias occurring. I don’t like calling tops and bottoms. I’ve seen it empty the accounts of many, many would be and professional traders alike.