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Trading Aussie Jacko Style

  • #61
  • Jun 6, 2008 1:17pm Jun 6, 2008 1:17pm
Quoting gagiul
ok I got stopped out at 9580, as Raz pointed out. Aussie dropped back close to 9500 then rallied again. What now? buy at .9600? still thinking.....
0.9600 might be a good entry. If you can get it lower, even better. Or... let it drop below 0.9600 and when it goes up, buy in at 0.9600. That'll work too.
  • #62
  • Jun 9, 2008 8:41am Jun 9, 2008 8:41am
Anybody still trading AUDUSD? The pair just took a beating. Not sure if it can still get off the ground now.
Expected the unexpected
  • #63
  • Jun 9, 2008 9:05am Jun 9, 2008 9:05am
Quoting scyang
Anybody still trading AUDUSD? The pair just took a beating. Not sure if it can still get off the ground now.
Audusd 4 hour wave collapsed. I wouldn't consider any longs until we start breaking waves to the upside. When waves collapse, it suggests more downside movement.
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  • #64
  • Jun 9, 2008 12:06pm Jun 9, 2008 12:06pm
Hi all,
So we have broken that last daily swing low, so lets watch where we go from here, I will be looking for price action around here, see if we start moving up or if we drop more...so far this is a huge bearish outside bar, but the uptrend is still in place so we just need to wait for the bottom of this pullback to form...Ive got that daily trendline from the first post which comes in about 50 pips below here at 0.9440, so that could lend support...we are currently at the 50 fib of last swing up so a buy is not off the walll...lets watch what it does from here we could always buy in at 0.9550 if it continues up from here, take care, RAz
Never say never.
  • #65
  • Jun 9, 2008 1:37pm Jun 9, 2008 1:37pm
In very small at 0.9500, tsl 45 pips
Never say never.
  • #66
  • Jun 9, 2008 1:46pm Jun 9, 2008 1:46pm
Interesting how each time it comes down to trendline it makes a big move up. Maybe it will again...
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  • #67
  • Jun 9, 2008 4:10pm Jun 9, 2008 4:10pm
Quoting razldazl
You wont find anyone on this particular thread shorting aussie Im afraid, as we are trading it with the longer term trend which is up, take care, Raz

You still holding Long Positions after Last Nights action? Some important ANN out this morning. Going to be interesting to see which way it goes from here.

Trend is your Friend until it Bends.

That's one big kink
There is only one Certainty in Trading --- There is no Certainty
  • #68
  • Jun 9, 2008 7:19pm Jun 9, 2008 7:19pm
Quoting Druss
You still holding Long Positions after Last Nights action? Some important ANN out this morning. Going to be interesting to see which way it goes from here.

Trend is your Friend until it Bends.

That's one big kink
Long since .78, What's wrong with last night's action? Lots of great usd pair discounts today.
  • #69
  • Jun 10, 2008 12:49am Jun 10, 2008 12:49am
Quoting razldazl
In very small at 0.9500, tsl 45 pips
Right, knocked out at 0.9480, -20, AH order will be placed on this one if we hit 0.9430

Also, I have an AH which has been triggered at 0.9528, (market hit lower than 0.9478)so that order is in...

Have to say this is more like Jacko on speed, there is no way he would be buying in this frequently, he would never buy in with an AH so close by...as I said before Im trying to get a feel for this currency so if anyone is following either demo or micro lots please...in any case the losses have been very small so far, and we are still up
first trade +80, 2nd -22, with AH triggered awaiting to be taken, and 3rd -20, no AH triggered as yet...
take care, Raz
Never say never.
  • #70
  • Jun 10, 2008 3:15am Jun 10, 2008 3:15am
Quoting Clouds
Long since .78, What's wrong with last night's action? Lots of great usd pair discounts today.
I am really beginning to like this pair, its so much more reasonable than other usd pairs...it seems to hold its ground well (of course as soon as I write this its bound to crash lol) anyway so far holding above 50 fib and trendline..., take care, Raz
Never say never.
  • #71
  • Jun 10, 2008 4:35am Jun 10, 2008 4:35am
Quoting razldazl
I am really beginning to like this pair, its so much more reasonable than other usd pairs...it seems to hold its ground well (of course as soon as I write this its bound to crash lol) anyway so far holding above 50 fib and trendline..., take care, Raz
I think there's going to be an aggressive pullback on this pair soon. Dropped way too quickly yesterday and made a move of around 160+ pips or so? Since when does Aussie put cable to shame? lol

Watch 0.9500. Buyers might come in around there.
  • #72
  • Jun 10, 2008 4:45am Jun 10, 2008 4:45am
Quoting zoopy
I think there's going to be an aggressive pullback on this pair soon. Dropped way too quickly yesterday and made a move of around 160+ pips or so? Since when does Aussie put cable to shame? lol

Watch 0.9500. Buyers might come in around there.
Passed 0.9500 mark and held ground. Time to long?
Expected the unexpected
  • #73
  • Jun 10, 2008 4:52am Jun 10, 2008 4:52am
Quoting scyang
Passed 0.9500 mark and held ground. Time to long?
I would watch how price moves around that area but wouldn't go long yet. When price looks weak based on it's behaviour and it slides beneath a round number, it could be a sign the move down isn't over yet.
  • #74
  • Jun 10, 2008 4:53am Jun 10, 2008 4:53am
Quoting scyang
Passed 0.9500 mark and held ground. Time to long?
If it closes as a pinbar, I would wait and buy the next push up through 0.9500 after the drop...Ive got my AH in place at 0.9528 so I wont buy before that in any case
Never say never.
  • #75
  • Jun 11, 2008 11:11pm Jun 11, 2008 11:11pm
what a drop!
Hehe, so I guess my buy order at 0.9480 has now been triggered...Im not touching this pair until we come back a bit, I have an AH at 0.9480, and another at 0.9528 so whenever we get back up in that area those orders will be executed...wouldnt think for a while though, take care, Raz
Never say never.
  • #76
  • Jun 12, 2008 12:18am Jun 12, 2008 12:18am
AUD is on it's downward trend. See my post here: http://www.forexfactory.com/showpost...postcount=2413
  • #77
  • Jun 12, 2008 1:21am Jun 12, 2008 1:21am
Anybody holding long when the crazy drop happened? Hope everybody is ok. Time to go long again?
Expected the unexpected
  • #78
  • Jun 12, 2008 1:35am Jun 12, 2008 1:35am
Quoting scyang
Anybody holding long when the crazy drop happened? Hope everybody is ok. Time to go long again?
Hey Scyang,
Im not longing until my 2 AHs are picked up higher up. Something I just learned on the DIBS thread, , dont long until we are trading above todays open, and only short while we are below. We are still below...so you shouldnt be looking for longs until we are trading above 0.9400ish...thanks for all the input people, happy trading, Raz
Never say never.
  • #79
  • Jun 12, 2008 1:38am Jun 12, 2008 1:38am
Quoting mchael
AUD is on it's downward trend. See my post here: http://www.forexfactory.com/showpost...postcount=2413
Will keep this in mind, this weeks action certainly seems to back your ideas. Time will tell, take care, Raz
Never say never.
  • #80
  • Jun 19, 2008 4:31am Jun 19, 2008 4:31am
Anybody trading AUDUSD?
Expected the unexpected
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