AUD/USD

locked in profit

http://img31.imagefra.me/img/img31/2...jm_f1299a2.png

closed my shorts 0,8335 - 0,8275

opened a small long position at 0,8276

I prefere to put a stop at entry this time

ouch stop taken

thats fast U turn Fammira

well 60 pips was not bad so far...

looks like it's headed back down. maybe some scalping at .8245.

I'm also putting a sell limit in case it hits .8316 in the next couple hours.

would have been good for +30 pips on the retrace. lol

renter short Magic Trader

http://img27.imagefra.me/img/img27/2...fm_f413a9c.png

better locked in profit by moving the stop below short position

ride baby ride

http://img36.imagefra.me/img/img36/2...km_e41387d.png

all the way to new york close

not bad 60 pips is bloody good mate

sorry folk i close it at 0.8240 looking to reenter short

Mt, did you find that indy? if so, could you post it? thanks

fxst

shorted @ .8244

going south

http://img34.imagefra.me/img/img34/2...ym_dfd1b70.png

good job Negro Wolf 0.8260(daily support/resistance) is critical IMO

I found this elsewhere and modified it for the AUDUSD and EURUSD. Open this indicator on a AUDUSD chart.

I turn the indicator grid color off to make it easier to see. You can also turn off the chart's grid color too.

Oh, and set your chart to a line chart.

The image is how mine looks.

Thank you Sir. much appreciated. I wanted to ask you what you thought about watching A/J along with A/U? Does E/A give a better indication? or can A/J do the same?

Thanks again,

fxst

hi all

Eventually I have some time to make the point on our favourite pair

Market is always quite strong, and I'd still favour the long side for tomorrow

New high today at 0,8338 ( I managed to short at 0,8235 then prefered to take profit lower).next potential target is 0,8381.

Support at 0,8260 should contain the fall.
If not we could short below cause we could see a bigger correction towards 0,8230 and 0,82.

So I'd try to buy the dips above and close to 0,8260 hedging below 0,8240 and hedging again on the long side in case the pair goes back above 0,8240 again (this in order to face false breaks..)

Would be increasing my shorts below today's low at 0,8201 just in case...

The Australian dollar rose to the highest this year versus the greenback after Reserve Bank Governor Glenn Stevens said in Sydney it appears “that the downturn we are having may turn out not to be one of the more serious ones of the postwar era, in contrast to the experiences of so many other countries.”

Stevens left the cash target at 3 percent on July 7 for a third month on signs the lowest borrowing costs in half a century and government spending helped skirt a recession.
“Breakout strategies are outperforming,” said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “You would have expected the Australian dollar to break the previous high, we already have, and we’re in the phase of acceleration.”

The Australian dollar added 0.7 percent to 82.82 U.S. cents and earlier traded at 83.38, the highest level since Sept. 29.
A pickup in the 25-day rolling correlation between Aussie- dollar and the two-year swap rate differential “suggests further Australian dollar gains,” Steven Pearson, head of Group of 10 foreign-exchange strategy in London, wrote in a research report today.