AUD/CAD

This is a good example of why i only ever trade the first touch basis of a trend line
You can see how this bounced of nicely from the trend line but then a few days latter re-tested it and failed. Thats why its dangerous to re-enter on a test a few days latter. This is why short term trading rocks
First attempt means exactly that

had 5 mins - so quick n dirty chart

dl.dropboxusercontent.com/u/40497882/aud_cad.JPG

visually looking at your far away chart looks like 1,2,3,4 done an early stages of a 5

remo wrote: This has been playing out perfectly
Now theres a hammer forming right at the main trend line bounce.
This should be a free trade now

heres a chart from a far.
If your into elliott then maybe worth trying your count on this

This has been playing out perfectly
Now theres a hammer forming right at the main trend line bounce.
This should be a free trade now


heres a chart from a far.
If your into elliott then maybe worth trying your count on this

My target hit from yesterdays trade
Now ive closed my short and have gone long from the trend line with a 30 point stop on a first attempt basis.
This is a first attempt basis and stops should be tight as if this breaks then this could really fall.


far away view

Currently broke short term up trend line. This could go to main trend line at 10311 if it finishes the day below the short term up trend line.
Im short on this with a 30 point stop