Another outlook on one of my aud trades based off 1HR charts
http://img854.imageshack.us/img854/8834/cicr1.png
http://img854.imageshack.us/img854/8834/cicr1.png
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DislikedAnother outlook on one of my aud trades based off 1HR charts
http://img854.imageshack.us/img854/8834/cicr1.pngIgnored
Dislikedput in a market at 0353 earlier. waiting to see if i want to dump it close to the daily low today or hold.Ignored
DislikedI was checking out DailyFX website. One of their tech study showed EURUSD retail positions has flipped from net long to net short - suggesting bullish eurusd.Ignored
DislikedIMO, bad. Buy at 190.
But read my sig...
EDIT: 1.0300, I presume.Ignored
DislikedWhat is the winning probability using this method?
Im very curious using these multi-indexes to weight in currency directions individually and pitting strongest vs weakest makes lots of sense.Ignored
Dislikedthis is flawed logic. while many people might be getting squeezed right now, i am shor eur/usd and i am still up +370 ticks. the only way I will cover is a move up beyond the current channel capped at about 2920. if we close beyond that, i will cover. until then, europe is going down. i dont care what the daily sentiment thinks.. the market is up 1.2% today, down 2% tomorrow.Ignored
DislikedThe Eur/Aud hit the bottom of the channel perfectly and rebounded strongly, making it a key reversal day in the process, so be wary of selling it here as there may well be more gains ahead, towards the trend resistance at 1.2530 and then Fibo level at 1.2630. - see chart.
The Aud looks contained in the 1.0260/1.0375 range and set to remain choppy. If I am right about the Eur/Aud, the topside may be a bit limited for the time being for Aud/Usd, but a break of 1.0375 would look at the 200DMA at 1.0410.Ignored
DislikedAUD/USD @ 1.0340
AUD contained within the broad range of 1.0265 1.0375.
I think we go higher ( gut feel ) and take out that resistance and have a peak at 1.0425.
EUR/AUD @ 1.2403
Saw a good test of 1.2300 but ran into too many profit takers and hence the scramble back up to near 1.2450
These small corrections lead to ideal opportunities for renewed sellers.
GBP/AUD @ 1.4835 I thought I might put this one up to keep me focused on this trend. I have 1.4700 as the magical "Y O u rs" point.
Remember punters we dont get that many "standout"...Ignored
DislikedI just watched an interesting interview on Bloomberg. They had an Australian FX market strategist from Credit Suisse say they feel that the AUD is way overvalued and should be trading closed to 90 cents on the u$. This really shouldnt shape any trading decisions, it is just interesting to hear what their fundemental outlook is for this pair.Ignored
DislikedI just watched an interesting interview on Bloomberg. They had an Australian FX market strategist from Credit Suisse say they feel that the AUD is way overvalued and should be trading closed to 90 cents on the u$. This really shouldnt shape any trading decisions, it is just interesting to hear what their fundemental outlook is for this pair.Ignored
DislikedI just watched an interesting interview on Bloomberg. They had an Australian FX market strategist from Credit Suisse say they feel that the AUD is way overvalued and should be trading closed to 90 cents on the u$. This really shouldnt shape any trading decisions, it is just interesting to hear what their fundemental outlook is for this pair.Ignored