Home > Weekly Trades > Aud.Usd #31. Potential Scalp-Day Trade, or longer

Aud.Usd #31. Potential Scalp-Day Trade, or longer

January 13th, 2010, 3:15 pm2010-01-13T02:15:33ZF jS, Y, g:i a Arco Leave a comment Go to comments

Potential here for a move up towards the .9250-.9300 area in the next day or so, watching for a reversal pattern around that point for a move back to the red line forming a possible Head and Shoulders pattern.

The price action will need to be re-evaluated at the line and any break and test of the H&S red line could then see a nice move into the 4H perhaps to Senkou edge.  Alternative trade is to wait for the reversal pattern

0113210 audusdKumo.

Categories: Weekly Trades Tags: ,
  1. Eduardo F
    January 13th, 20102010-01-13T08:18:59ZF jS, Y at 21:182010-01-13T08:18:59ZH:i | #1
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    Pending Order at 0.9250 not triggerd yet….
    I like this set up and think that this coul get a little bit more than a scalp.
    Wonderfull Charting Arco!!!

    • Arco
      January 13th, 20102010-01-13T08:30:15ZF jS, Y at 21:302010-01-13T08:30:15ZH:i | #2
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      Hi Edi. I know you like to scale in, but you could wait for a reversal pattern if that is easy for you

  2. Mike B
    January 13th, 20102010-01-13T08:56:25ZF jS, Y at 21:562010-01-13T08:56:25ZH:i | #3
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    I have put an order in if price breaks into the rising window at 92523. Looking to hit the resistance of the top half of the rising window.

  3. Eduardo F
    January 13th, 20102010-01-13T09:02:55ZF jS, Y at 22:022010-01-13T09:02:55ZH:i | #4
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    Hi Arco
    Will try it, as I work and my trading is “by the way” I try te enter my trades in Price-Levels.
    Your way is the Pro-Way and thats the better way to trade.
    Thanks for the advice.
    Edi

  4. Selim K
    January 13th, 20102010-01-13T10:20:29ZF jS, Y at 23:202010-01-13T10:20:29ZH:i | #5
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    Personnaly , i will wait for a reversal pattern !

  5. Eduardo F
    January 13th, 20102010-01-13T10:57:00ZF jS, Y at 23:572010-01-13T10:57:00ZH:i | #6
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    Sometimes I think that Price Action is following Arcos’s Charts…

  6. Roderick
    January 14th, 20102010-01-13T22:21:00ZF jS, Y at 11:212010-01-13T22:21:00ZH:i | #7
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    Aussie employment data out in 3 hours.

  7. Jack Y
    January 14th, 20102010-01-14T02:09:21ZF jS, Y at 15:092010-01-14T02:09:21ZH:i | #8
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    Eduardo, you got it right there, as you have seen from the spike today. Arco is a market mover!

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