1.0000 – 1.0253 is a strong resistance zone because AUD/SUD failed to breakthrough this area for many times.
http://lcchong.files.wordpress.com/2011/03/image3.png
http://lcchong.files.wordpress.com/2011/03/image3.png
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DislikedThats an interesting line across the top you got there Marc,
i just put the same one on daily and it gives me a price of 1.0150,
what a lovely round number,i think i will be looking at daily closes
around that price for the next few days,thanks.
1.0088 and then 0.9965 i have as support below.
Not interested in shorting this,there are far easier ways to make
a crust.Ignored
DislikedI've opened a short position on AUDUSD @ 1,0185, SL 1,0220, TP 1,0090. Strategy is the same I've used before, looking for a retracement, as momentum has been downwards on MACD and also a little bearish divergence at sight. On the daily, looks like 1,02 has been good resistance so far.Ignored
Dislikedlol haha... hey man, just the way I think. Its all about where the greatest cluster of stops are.Ignored
DislikedI bought 2 lots again last night @ 1.0090. This is not going to be a long term trade. Have already move Stop to BE+5. Looking to TP as we near 1.0200. I would re-enter on a solid break of 1.0200. Otherwise, looking to play the long side of the range only.
Regards,Ignored
DislikedMoving stop up on both lots to 1.0130. 1st Tp @ 1.0180. 2nd Tp 1.0200.
Good trades to all.
Regards,Ignored
DislikedTarget 1 achieved! Holding last lot for 1.0200. Leaving stop alone @ 1.0130 and letting it run its course one way or the other.
Regards,Ignored
DislikedTarget 1 achieved! Holding last lot for 1.0200. Leaving stop alone @ 1.0130 and letting it run its course one way or the other.
Regards,Ignored
DislikedNice. Well done. Looks like i'll be closing my long out on the swissy here soon.
Like I said, I can't seem to get a fix on the daily charts price action to save my life. I'm sure as soon as I close my trade out, it will fly opposite direction though lol.Ignored
DislikedThis thing looks like it is going to have a hell of a time with 1.2.Ignored
Dislikedagreed. It's NFP friday this week. Bad US number should tap down any simmering hopes of a rate increase in the next 12 months. That should, I say should, push A/U through to test 1.250. However, a good Aussie gdp number sent this pair tumbling just 2 days ago, so who the hell knows. NFP friday could provide the volitlity needed to push up to higher levels. I guess we'll just have to wait an watch the show!
Regards,Ignored
DislikedYup. Regardless, this thing has been coiling for a month now. When it lets loose, it's going to be quite the show.Ignored
DislikedTarget 1 achieved! Holding last lot for 1.0200. Leaving stop alone @ 1.0130 and letting it run its course one way or the other.
Regards,Ignored
DislikedTarget 1 achieved! Holding last lot for 1.0200. Leaving stop alone @ 1.0130 and letting it run its course one way or the other.
Regards,Ignored
Dislikedand still we are less than 100 pips from the all time high for this pair.Ignored
DislikedI believe there are a lot of big shorts between 1.0200 and 1.257. There are also probably some big No Touch options @ 1.0300. Those shorts are nervous at these levels, not to mention the negative swap has been handing them their ass for a couple of months. I believe it will be hell to break 1.0300, at least until this quarter's options expirations at the end of this month. However, if it does give way, it should be quite a show indeed. I hope our friend ely dosen't get caught in it.
Regards,Ignored