maybe 1.08 have to see how pa acts.. 5 pips for 500 sounds good opposite of some traders on here
I still see much more room to the downside, but like you said, your risk is very very minimal.
maybe 1.08 have to see how pa acts.. 5 pips for 500 sounds good opposite of some traders on here
1.0350 EMA200 Daily under test already...
believe it or not.... its not like i didnt say it right.... AUDUSD moved up to 1.06 but this 300 pip rally to happen before december... took 2 god damn months on normal flows... now 300 pips DROP in just 1 week time in illiquid markets. i am incredibly amazed how AUDUSD can tank without much news.... Smart money is moving out of Australia since we topped 1.06 and i wonder why lol....
Scaling in one more SELL position at 1.03676
Profit Target: .98
**20 EMA is about to cross over the 50 EMA on the D1 chart. This will be more confirmation that we will see more downward movement during the coming weeks.
This should be good desicion but it's note decided yet. I agree AU could be sacrified...
Wait for daily close under 1.0360.
(it actually started out pretty bad but the past 2 weeks have been awesome)AUD/USD still short term BIAS for the mid-term.
*20 EMA about to Cross Over the 50 EMA on the Daily chart
*Daily TL was broken and confirmed with 12/21 Daily candle
*Bearish Engulfing (BEEB) on the Weekly for 12/19 candle which happened to be right at the downward weekly TL. This TL has been in effect since 7/31/2011 and price has respected it nicely ever since. Remember, the longer a TL is intact the stronger it gets.
1st Target: 1.015
2nd Target: .98
3rd Target: .96
From December 1st - Today I have made over 4,500 Pips!...
lucky EU, GU and AU are mor predictable than say trading Yen pairs.... Yen is just insane... absolutely ignoring gaps and moves.... only for the YEN to weak ie EJ, GJ, UJ, all going up without a pull back... suggests to me that this Yen Weakness is being over done.... regardless if its easing or not.... Long term positions trader are already looking nice shorting those yen pairs.... for a year or 2...
I don't know about that, I made a killing longing various JPY cross pairs earlier this month.
Also, YEN futures have broken a 6 year TL!!!! One would be crazy to Long JPY... long term trend reversal is in effect. I would look to buy on any decent pullback for long term positions.
My two favorite pairs are EUR/AUD and AUD/JPY.
**Just noticed your Trade Explorer yesterday. What happened???? Why didn't you get out of those trades? Hope you didn't have any real money on the line...
lucky EU, GU and AU are mor predictable than say trading Yen pairs.... Yen is just insane... absolutely ignoring gaps and moves.... only for the YEN to weak ie EJ, GJ, UJ, all going up without a pull back... suggests to me that this Yen Weakness is being over done.... regardless if its easing or not.... Long term positions trader are already looking nice shorting those yen pairs.... for a year or 2...
must be penny traders u talk to dude we were all expecting this with the yen do you not read? This is confirmation of a yearly trend change. Well then again your true colors of reckless trading show again. It might come down a bit after jan but april may be a time to get back in since there are option traders shorting yen march and april contracts... We all know they will probaby lose.
nah dont worry i didnt have any real money on the line especialy during holidays....
the trade explorer one was a demo account testing a strategy that would work beautifully if it wasnt for the BOJ's decision to ease the Yen... sigh.... I just feel totally sad because looking at monthly EMAs i can see a lot of corporate orders that are left at the lows :/ never triggered...
I think aud will disappoint in '13 trading wise. I moved close attention to jpy and indexes. Aud will be sacrificed so that au stocks can go up.
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