FX:AUDUSD   Australian Dollar/U.S. Dollar
1078 21 45
Trying to catch the bearish flag narrow sl near above todays             top
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Comment: adjusted view...still waiting...
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Comment: ok, now it`s rocking :-) The 38,2 retracement stopped the uptrend
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Comment: Watch the RSI
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Comment: that would be ideal :-)
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Comment: Breaking through the illustrated blue "2" initiates a bigger shortterm/midterm short Signal. Trading above 0.7588 will brighten the Chart. The RSI is strong oversold in this tf.
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Comment: yihaaa
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Comment: traders -don`t forget to trail your sl :-9
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Comment: also nice.. today is breakout day :-)
1-2-3 up?
Comment: thats pretty nice
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Comment: it is time to adjust the sl traders.. here an example -where u install it depends on the timeframe u are trading
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Comment: smells like a shortterm upmove - the pair is fighting against the downtrend
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Comment:
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Comment: reached next action point
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the last move up is making me crazy, but still holding with small pips in the pocket
Reply
MaryJane TAJIR_B
it has to fall back into the downtrend...or it is perhaps forming a h&s..
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+1 Reply
TAJIR_B MaryJane
i like the first option :) more or less i am watching the same levels for profit
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Reply
You really need all that indicators on your chart?
Reply
MaryJane ieducswesps
which one do you mean? i have just one....the rsi...
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ieducswesps MaryJane
sorry,the drawngs,etc...
To me it looks like it makes the chart to complicated.
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ieducswesps ieducswesps
I know that all those drawings represent something,im aware of that.I just believe its easier to keep it simple
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MaryJane ieducswesps
but i am with you, you don`t need many indis, oszillators etc. you need some trendline, fibos, MAs and BB and thats it normally
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ieducswesps MaryJane
Im not prefessional,not even close.Im using only fib and trendlines,and allot of techincal analysis in my mind.
But im only at this level,right now.

I like your posts,keep doing a good job.
I wish you luck
Reply
MaryJane ieducswesps
the illustrated initial view is nearly pue and naked..i always try to keep it as simple as possible...for the concrete trade i need my drawings, oh jea...without drawing you can`t use TA :-)
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