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  • Post #6,161
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  • Oct 8, 2009 10:05pm Oct 8, 2009 10:05pm
  •  ben10
  • Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Quoting drfx
Disliked
what levels are good to enter.

But no point fighting the trend and the markets......so just long AUD....
Ignored
HI Drfx, me think ... enter when support become resistance ans vice verca, also depend upon the chart you are trading , hourly chart should be good starting point for medium term.

the trend absolutely up tecnically and fundamentally (medium to longterm) just IMO
 
 
  • Post #6,162
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  • Oct 8, 2009 10:10pm Oct 8, 2009 10:10pm
  •  shahab8b
  • Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
Quoting drfx
Disliked
AUD is clearly a long. No point shorting it. Question is, what levels are good to enter.
But no point fighting the trend and the markets......so just long AUD....
Ignored
IMO good entery point for long is .8950- .8875 , Considering previous S/R and Fib levels
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  • Post #6,163
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  • Oct 8, 2009 10:10pm Oct 8, 2009 10:10pm
  •  ben10
  • Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
make any entry at any point and open the shortest time frame chart, and begiining you see the feel of the dance, whats your position looks like? are you comfy with it? nurse the chart up one step higher where you should add or just wait as the price develope pattern or formation etc etc.. its fun
 
 
  • Post #6,164
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  • Oct 8, 2009 10:16pm Oct 8, 2009 10:16pm
  •  ben10
  • Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
martingale proposition:

draw the line on the sand and its 0.9050 , above it you long ,below it you short no matter what! use the twin tasman (kiwi/dollar), any gap creates by aud/usd and nzd/usd will shape the price level of aud/nzd cross thats where the real bet is
 
 
  • Post #6,165
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  • Oct 8, 2009 10:23pm Oct 8, 2009 10:23pm
  •  ben10
  • Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
ok guys see you all tonite and have a great pipping, Ciao!
 
 
  • Post #6,166
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  • Oct 8, 2009 11:07pm Oct 8, 2009 11:07pm
  •  dazers
  • | Joined Jun 2009 | Status: Member | 66 Posts
Quoting ben10
Disliked
martingale proposition:

draw the line on the sand and its 0.9050 , above it you long ,below it you short no matter what! use the twin tasman (kiwi/dollar), any gap creates by aud/usd and nzd/usd will shape the price level of aud/nzd cross thats where the real bet is
Ignored
This sounds interesting but I'm not sure I understand what you mean. I often read you refer to AUD/NZD cross trades.

Do you mean that the AUD/NZD lags the corresponding action of A/U & N/U fairly accurately?

Are these trades successful more often than not?
 
 
  • Post #6,167
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  • Oct 8, 2009 11:45pm Oct 8, 2009 11:45pm
  •  fammira
  • | Joined Jan 2009 | Status: Cesco | 1,176 Posts
Quoting ben10
Disliked
martingale proposition:

draw the line on the sand and its 0.9050 , above it you long ,below it you short no matter what! use the twin tasman (kiwi/dollar), any gap creates by aud/usd and nzd/usd will shape the price level of aud/nzd cross thats where the real bet is
Ignored
I agree, 0,9050 is the line now...and also where RBA is starting to sell
 
 
  • Post #6,168
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  • Oct 9, 2009 12:47am Oct 9, 2009 12:47am
  •  nwsuccess
  • | Commercial Member | Joined May 2005 | 99 Posts
Quoting ben10
Disliked
martingale proposition:

draw the line on the sand and its 0.9050 , above it you long ,below it you short no matter what! use the twin tasman (kiwi/dollar), any gap creates by aud/usd and nzd/usd will shape the price level of aud/nzd cross thats where the real bet is
Ignored
I would prefer being a seller if it pops up above .9050 or better.
 
 
  • Post #6,169
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  • Oct 9, 2009 1:36am Oct 9, 2009 1:36am
  •  puks
  • | Joined Aug 2009 | Status: Member | 902 Posts
Went long at .9030 and got out at .9042.

not a bad scalp at work. was just testing waters for "long" position.
 
 
  • Post #6,170
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  • Oct 9, 2009 2:39am Oct 9, 2009 2:39am
  •  siboy
  • | Joined Jul 2009 | Status: Member | 470 Posts
Is there a holiday in the US this Monday?
 
 
  • Post #6,171
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  • Oct 9, 2009 2:58am Oct 9, 2009 2:58am
  •  siboy
  • | Joined Jul 2009 | Status: Member | 470 Posts
This has been trading in a pretty tight range today.The RSI still has a bit of wriggle room on the daily a lot going to depend on where gold goes.
 
 
  • Post #6,172
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  • Oct 9, 2009 2:58am Oct 9, 2009 2:58am
  •  4xmajkel
  • | Joined Jul 2009 | Status: Member | 62 Posts
Quoting siboy
Disliked
Is there a holiday in the US this Monday?
Ignored
Yes, and also Canada and Japan have a holiday
 
 
  • Post #6,173
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  • Oct 9, 2009 3:05am Oct 9, 2009 3:05am
  •  siboy
  • | Joined Jul 2009 | Status: Member | 470 Posts
Quoting 4xmajkel
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Yes, and also Canada and Japan have a holiday
Ignored

Thank you 4xmajkel
 
 
  • Post #6,174
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  • Oct 9, 2009 4:07am Oct 9, 2009 4:07am
  •  sunshine
  • Joined Mar 2007 | Status: Member | 1,190 Posts
Hello Traders,
i went short @ 0.9036
Stop Loss @ 0.9052
 
 
  • Post #6,175
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  • Oct 9, 2009 4:17am Oct 9, 2009 4:17am
  •  dongsky
  • Joined Sep 2009 | Status: Member | 5,978 Posts
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breakout is very obvious???
Success consists of going from failure to failure without loss of enthusiam
 
 
  • Post #6,176
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  • Oct 9, 2009 4:18am Oct 9, 2009 4:18am
  •  dongsky
  • Joined Sep 2009 | Status: Member | 5,978 Posts
i;m crossing my fingers
Success consists of going from failure to failure without loss of enthusiam
 
 
  • Post #6,177
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  • Oct 9, 2009 4:20am Oct 9, 2009 4:20am
  •  dongsky
  • Joined Sep 2009 | Status: Member | 5,978 Posts
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i think i saw a continuation pattern...
Success consists of going from failure to failure without loss of enthusiam
 
 
  • Post #6,178
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  • Oct 9, 2009 4:24am Oct 9, 2009 4:24am
  •  blue_z_zz
  • | Joined Aug 2009 | Status: Member | 1,068 Posts
good morning guys looks like my call on the top 9088 might stand for now im becoming more & more bullish on usd because of the sentiment & the chart of the index give signals of revesal as i said the 2 charts will be posted sunday morning but for now look for a break 90 for confermation we might retrace durning next week to mid 87 level
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
 
 
  • Post #6,179
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  • Oct 9, 2009 4:28am Oct 9, 2009 4:28am
  •  4xmajkel
  • | Joined Jul 2009 | Status: Member | 62 Posts
Hi blue,
How did you get this .9088 level? impressive
 
 
  • Post #6,180
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  • Oct 9, 2009 4:34am Oct 9, 2009 4:34am
  •  blue_z_zz
  • | Joined Aug 2009 | Status: Member | 1,068 Posts
Quoting dongsky
Disliked
Attachment

i think i saw a continuation pattern...
Ignored
you abslotly right it is still continuation but a pull back is on the cards but a break 90 90 is essential for us to confirm the pull back to mid 87 then we might see a new high on aud 95 mybe
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
 
 
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