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AUD/USD

  • #38,421
  • Jan 4, 2012 7:23pm Jan 4, 2012 7:23pm
OK, here goes, 1:st trade for 2012...

Short @ 1.0320, sl 1.0353, tp 1.0163
Expect the unexpected.
  • #38,422
  • Jan 4, 2012 7:25pm Jan 4, 2012 7:25pm
Quoting fx-rocket
OK, here goes, 1:st trade for 2012...

Short @ 1.0320, sl 1.0353, tp 1.0163
welcome back! you're one of the best traders on ff. your entries are always worth paying attention to.
  • #38,423
  • Jan 4, 2012 7:29pm Jan 4, 2012 7:29pm
GAP...go to the gap then 1.0700 as u please
  • #38,424
  • Jan 4, 2012 7:31pm Jan 4, 2012 7:31pm
Quoting happytrader
welcome back! you're one of the best traders on ff. your entries are always worth paying attention to.
Thank you happytrader, but I am sure there are lots of traders on FF with better performance than me...

Anyway, Happy New Year to you mate and lets make more profitable trades this year than last year!
Expect the unexpected.
  • #38,425
  • Jan 4, 2012 7:35pm Jan 4, 2012 7:35pm
hmm i dont know whether its short now. theres not much momentum.
  • #38,426
  • Jan 4, 2012 8:08pm Jan 4, 2012 8:08pm
The market is so slow nowadays. I seem to remember January used to be busier than this.
Make your losses in demo. Earn your profits live.
  • #38,427
  • Jan 4, 2012 8:18pm Jan 4, 2012 8:18pm
Quoting fx-rocket
Thank you happytrader, but I am sure there are lots of traders on FF with better performance than me...

Anyway, Happy New Year to you mate and lets make more profitable trades this year than last year!
thanks! lets make big money this year
  • #38,428
  • Jan 4, 2012 8:39pm Jan 4, 2012 8:39pm
with all due respect, ill wait break of .3000 to short. Double top at 1.0370 but maybe H&S in the making.
  • #38,429
  • Jan 4, 2012 8:50pm Jan 4, 2012 8:50pm
Seems like 1.0386 is the temporary top.

H4 showing bearish divergence and what looks like a double top
  • #38,430
  • Jan 4, 2012 9:01pm Jan 4, 2012 9:01pm
Quoting happytrader
welcome back! you're one of the best traders on ff. your entries are always worth paying attention to.
I am in a similar trade

SHORT AUD/USD
Entry 1.0320
Stop 1.0353
Target 1.0250
  • #38,431
  • Jan 4, 2012 9:13pm Jan 4, 2012 9:13pm
Quoting jayjb
Seems like 1.0386 is the temporary top.

H4 showing bearish divergence and what looks like a double top
hi jayjb,

welcome back!
  • #38,432
  • Jan 4, 2012 9:19pm Jan 4, 2012 9:19pm
hi midasfx.

im also short at present, there is a strong fib support level before your 1.0250 target on the 1 hour.
it is at 1.0292 and 1.0280 level, 1.0319 at present.

have a good one

582
  • #38,433
  • Jan 4, 2012 9:39pm Jan 4, 2012 9:39pm
Quoting happytrader
hi jayjb,

welcome back!
thanks, good to see you still around too
  • #38,434
  • Jan 4, 2012 9:43pm Jan 4, 2012 9:43pm
Actually, I'm curious why you guys are selling at 1.0320 right now.

I mean, look at last month's PA, that level has been a good resistance for a good week plus. I'll rather wait for a clean break, retest and sell lest a bear trap
  • #38,435
  • Jan 4, 2012 10:31pm Jan 4, 2012 10:31pm
i also look at correlation. dow is nearly at its year high and AUDUSD is correlated to dow. oil is pretty much at highest since when? copper has bottomed, and gold has too. AUDUSD has limited downside, but on flipside EURUSD is weak and AUD has traditionally followed euro but now following dow.

since dow isnt going down much i wouldnt short AUDUSD unless clear indication given. at the moment only good for quick scalps.
  • #38,436
  • Jan 5, 2012 12:47am Jan 5, 2012 12:47am
Quoting fx-rocket
OK, here goes, 1:st trade for 2012...

Short @ 1.0320, sl 1.0353, tp 1.0163
Took about 5h for that one to take off but she's going south nicely now!
Expect the unexpected.
  • #38,437
  • Jan 5, 2012 12:54am Jan 5, 2012 12:54am
"Unicredit Bank halted ... down over 7% after big drop y'day. Deutsche Bank need capital ~ reason touted for EURUSD selloff say
@Forexlive
Retweeted by 50 Pips"

for anyone interested

edit: nice trade fx-rocket good to see you've been doing well for yourself
  • #38,438
  • Jan 5, 2012 12:57am Jan 5, 2012 12:57am
interesting interpretation of weekly chart that i picked up from twitter:
Attached Image (click to enlarge)
Click to Enlarge Name: au1.gif Size: 27 KB
  • #38,439
  • Jan 5, 2012 1:08am Jan 5, 2012 1:08am
  •  tw2009
  • | Joined Dec 2011 | Status: Bulls make money, Bears make money. | 13 Posts
Quoting fx-rocket
Took about 5h for that one to take off but she's going south nicely now!
spot on.....
  • #38,440
  • Jan 5, 2012 2:15am Jan 5, 2012 2:15am
Quoting happytrader
welcome back! you're one of the best traders on ff. your entries are always worth paying attention to.
Hi happytrader and fx-rocket, good to see you both being active on the forum once again!! Happy New Year as well.

A question for you fx-rocket, there is the 200EMA forming a resistance at 1.0218 on the D1 chart. How would you be sure that it will hit your TP level of 1.0163? I am trying to learn so hope you can explain. =)
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