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AUD/USD

  • #2,181
  • Aug 14, 2009 1:33am Aug 14, 2009 1:33am
May anyone explain a bit why this pullback failed? Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: aud false.gif Size: 19 KB
  • #2,182
  • Aug 14, 2009 1:58am Aug 14, 2009 1:58am
Quoting Magic Trader
Nice call on the .8468 target. I'll be waiting for the next one at .8519.
thanks magic, market keeps swinging around

I'll stay out for now and wait
  • #2,183
  • Aug 14, 2009 4:55am Aug 14, 2009 4:55am
Quoting kk007
May anyone explain a bit why this pullback failed? Thanks.
clearly the resistance was too strong at the .8468 level. look to the left (around aug 4) and you'll see the same.

you trade off the 5m charts?
  • #2,184
  • Aug 14, 2009 5:27am Aug 14, 2009 5:27am
Quoting Magic Trader
clearly the resistance was too strong at the .8468 level. look to the left (around aug 4) and you'll see the same.

you trade off the 5m charts?
Thank Magic_Trader,

It is a good reason for the failure. Thanks. I will be caution about this next time. I usually open H1, and move higher or lower timeframe when necessary.

cheers,

kk
  • #2,185
  • Aug 14, 2009 6:42am Aug 14, 2009 6:42am
Quoting T55
Got a nice message from my friend while photoshooting... of 8470

Snatched 80 pips woo!

Ben, have you also tried charting with a M5 chart or longer?

Bought on the dips again. No idea why AUD dropped below 8400... but its coming back up anyway
yep i tried and use all 5 minute chart

im short just in now 8419
  • #2,186
  • Aug 14, 2009 6:44am Aug 14, 2009 6:44am
Quoting ben10
sh1t miss that aud/usd move

now position lo0k like this:

http://img34.imagefra.me/img/img34/2...8m_a05d770.png

ok se you all tonite.
kiwi in the black locked in profit
  • #2,187
  • Aug 14, 2009 6:51am Aug 14, 2009 6:51am
http://img36.imagefra.me/img/img36/2...fm_a5bce8e.png
  • #2,188
  • Aug 14, 2009 6:56am Aug 14, 2009 6:56am
wow pipping
  • #2,189
  • Aug 14, 2009 7:04am Aug 14, 2009 7:04am
first target 0.8370 im pretty sure about it , ican feel it
  • #2,190
  • Aug 14, 2009 7:07am Aug 14, 2009 7:07am
kiwi profit taken
  • #2,191
  • Aug 14, 2009 7:10am Aug 14, 2009 7:10am
have a look at your 15 minute chart the aud/usd it just break down the 8395 indicate weakness and prepare to add more short
  • #2,192
  • Aug 14, 2009 7:13am Aug 14, 2009 7:13am
I'm going long at .8362. Let's see if it gets there.
  • #2,193
  • Aug 14, 2009 7:14am Aug 14, 2009 7:14am
flip the chart 15 minute to eur/aud pair ! she exhibit the same pattern jump in and go long stop loss at 1.6920 and prepare to add if the price near your stop
  • #2,194
  • Aug 14, 2009 7:16am Aug 14, 2009 7:16am
Quoting Magic Trader
I'm going long at .8362. Let's see if it gets there.
hi Magic Trader good to hear , if you are long stay with the plan cheers
  • #2,195
  • Aug 14, 2009 7:17am Aug 14, 2009 7:17am
Good long opportunity IMO. I'm targetting 8460
  • #2,196
  • Aug 14, 2009 7:17am Aug 14, 2009 7:17am
Quoting ben10
first target 0.8370 im pretty sure about it , ican feel it

nearly there not bad huh
  • #2,197
  • Aug 14, 2009 7:19am Aug 14, 2009 7:19am
reversal on 1 minute im out and watching
  • #2,198
  • Aug 14, 2009 7:23am Aug 14, 2009 7:23am
Quoting T55
Good long opportunity IMO. I'm targetting 8460
absolutely now im long kiwi/dollar 6818
  • #2,199
  • Aug 14, 2009 7:30am Aug 14, 2009 7:30am
Quoting ben10
absolutely now im long kiwi/dollar 6818
very cool hey

http://img27.imagefra.me/img/img27/2...0m_46b6628.png
  • #2,200
  • Aug 14, 2009 7:34am Aug 14, 2009 7:34am
move stop above position few pips locked in and prepare to add more long if price move above 6836
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