Timing is key
Long

AUDUSD Possible Long on a Re-Test of Upper MLH

FX:AUDUSD   Australian Dollar/U.S. Dollar
287 12 3
This idea is based on a double failure to reach the ML and a retest of the break of the Upper MLH Parallel

Sincerely,

TIK
Timing is key
2 years ago
Stopped out on maybe a too tighter stop, provided this thing stays above the purple & green diagonals it has a good chance to break out to the upside. I will be looking to enter long on a break of the last 30 minute swing top. happy trading to all.

Sincerely,

TIK
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Timing is key Timing is key
2 years ago
Update:1
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Zeheart
2 years ago
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If price can give a retest on the lower level of the pitchfork ands show rejection to go down.. it will be nice to place a long trade on it =)
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Timing is key Zeheart
2 years ago
News confirmed the Entry!
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Timing is key Timing is key
2 years ago
Update 2:
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Timing is key Timing is key
2 years ago
Update 3:
Good exit would be a hit of the ML
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pmks1 Timing is key
2 years ago
what is ML ?
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pmks1 Timing is key
2 years ago
i took the profit, as i was in doubt what you mean by ML :: but thanks for a good call :)
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Zeheart Timing is key
2 years ago
nice trade =)
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Timing is key Zeheart
2 years ago
Median Line/Bisector/upward Blue Diagonal Smashed..... Exited my position -Loss 15pips + profit 83pip NET Profit 68Pips :)
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Timing is key Timing is key
2 years ago
Post trade analysis: This was a very interesting trade, although I haven't completed the labeling on this chart ie. missed 4 & 5 pivot, It is a Giant Wedge or Inverted Expanding Pivot Terminating at P5! The bar that stopped me out on the initial trade was P5. Now if you notice I have labeled "1st Price Failure of Larger ML" meaning it failed to reach the median line of the extreme left low pivot - 1 pivot/2 pivot Pitchfork ( only small dotted ML drawn ), The market came down and put in Pivot 3 ( Higher than pivot 1 & equidistant to the 0 Pivot ) but more importantly pivot 3 was also a price failure as soon as it left the upper parallel of the downward purple pitchfork.........I was now on RED ALERT for a powerful move to the upside as this scenario met one of Dr Andrews Rules and I quote: Rule 9. The price failure rule is negated ( 1st failure above ) when the next price trend ( from 2 to 3 ) is also a failure in reaching the median line ( Pivot 3 ). This is ALMOST INVARIABLY A SIGNAL ( A SHAKEOUT ) of a BIG FAST MOVE......:) In the direction indicated by the last space ( ie. The Space from 3 to the downward purple median line telling us of an impending reversal ). I hope that makes sense to all.

Note: It is quite amazing how this rule together with the forks validated the US PPI news well before the news HIT. I wonder who was buying:)

Sincerely,

TIK
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Timing is key Timing is key
2 years ago
Sorry the second line should read....extreme left low pivot - 0 pivot/1 pivot pitchfork ( only small dotted ML drawn )
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