Timing is key
Short

AUDUSD possible breach of lower parallel

FX:AUDUSD   Australian Dollar/U.S. Dollar
432 6 6
This Idea is illustrating how a breach of the lower parallel is an early warning that their there is underlying weakness in the Aussie and if it closes below this angle there is a high probability that it will head towards the next ML. Notice how steep the downward fork is:) Also notice that swings P1 to P2 to P3 to P4 to P5 are all expanding, ( in this case called a Skewed Expanding Pivot ie P4 is higher than P2 ).

Sincerely,

TIK
Timing is key
2 years ago
Out of my shorts at 1st touch of either ML, Price 93240. Series #3 profit 42 pips. I may look to re-enter depending on where this pair closes on the next bar/candle.
Tally on this trade so far:
Series #1 profit ( Between P4 and Bar/Candle before P5 News spike candle ) = 22 Pips
Series #2 profit ( Entry taken on close 93868 of P5 Spike candle exit 93240 touch of ML ) = 62 pips
Series #3 profit ( Entry taken on breach of lower parallel 93663 exit 93240 touch of ML ) = 42 Pips
This idea only demonstrates the main trigger for the series #3 trade of this sequence. For simplicity, the other lines have been omitted however it's quite amazing to see how the market "Reacts" to them.

Sincerely,

TIK
Reply
Timing is key Timing is key
2 years ago
Market has just exceeded idea target above and closed below both ML's.....Will look to go short on a pullback

Sincerely,

TIK
Reply
Timing is key Timing is key
2 years ago
Series #4 Trade ( @93140 on a pullback to the major ML. Look to exit around the lower parallel between prices 92750 & 92560 ) Currently pulled up at the QTR angle ( not visible in this chart )
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Timing is key Timing is key
2 years ago
Closed Series #4 Trade @ 92800 for a 34 pip profit.
Total thus far 160 Pips...Let's see if we can jump in again on a pullback to the ML, have to wait and see.
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Timing is key Timing is key
2 years ago
No Chance:)
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maccabean
2 years ago
nice.
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