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AUD/USD

  • #9,421
  • Nov 19, 2009 3:52pm Nov 19, 2009 3:52pm
In the short term, maybe. But I'll be very wary as well, as the rejection a couple of minutes ago at .9200 is very weak. Price is still howering around the 90 region, and it looks like only a matter of time before it breaks.

It's now trading above the hourly Gann, and I will be expecting it to test the 4H Gann by the end of the trading week today, possibly even breaking it for a run up next week.

Whatever it is, I'm not closing any of my long positions before weekly Gann is broken.




Quoting shahab8b
I dont do that, There is a Support turns resistance at .9200 , the 5 min charts shows an ending diagonal (rising wedge) pattern which is bearish in very short trem, the better Risk to Reward Ratio, is Sell at .9190, agianst .9200 with a 20 pips SL and 30-40 pips TP,
Aternativey you can have a Buy Stop Order at .9210-20 in case it beaks above the resistance level
or have Limit Buy Orders at .9160-50 agianst .9130
  • #9,422
  • Nov 19, 2009 4:05pm Nov 19, 2009 4:05pm
Quoting Skylar Locke
In the short term, maybe. But I'll be very wary as well, as the rejection a couple of minutes ago at .9200 is very weak. Price is still howering around the 90 region, and it looks like only a matter of time before it breaks.

It's now trading above the hourly Gann, and I will be expecting it to test the 4H Gann by the end of the trading week today, possibly even breaking it for a run up next week.

Whatever it is, I'm not closing any of my long positions before weekly Gann is broken.
Agree, if you notice I posted here, the Trend is still bullish in daily chart, I just highlighted the RRR wise aspect of the trade.
  • #9,423
  • Nov 19, 2009 5:30pm Nov 19, 2009 5:30pm
http://img38.imagefra.me/img/img38/1...5m_a82f771.png

9200 level is the line on the sand here
  • #9,424
  • Nov 19, 2009 5:38pm Nov 19, 2009 5:38pm
http://watch.bnn.ca/clip237033#clip237033
  • #9,425
  • Nov 19, 2009 6:00pm Nov 19, 2009 6:00pm
aussie at 9140 and below go short, kiwi at 7260 and above go long snow ball baby


http://img37.imagefra.me/img/img37/1...fm_0a56af8.png
  • #9,426
  • Nov 19, 2009 6:08pm Nov 19, 2009 6:08pm
the cross

http://img37.imagefra.me/img/img37/1...em_d802a04.png
  • #9,427
  • Nov 19, 2009 6:25pm Nov 19, 2009 6:25pm
9200 was cracked! dont add short blindly .... she move up nice and steady on 5 minute chart
  • #9,428
  • Nov 19, 2009 6:39pm Nov 19, 2009 6:39pm
dollar index hold above the support double bottom of 75?

http://img37.imagefra.me/img/img37/1...ym_0a6efd3.png
  • #9,429
  • Nov 19, 2009 6:41pm Nov 19, 2009 6:41pm
i use trailing stops, finally aud in profit, looking for general concensus should i keep it tight?

cheers
NOTHING VENTURED, NOTHING GAINED
  • #9,430
  • Nov 19, 2009 6:46pm Nov 19, 2009 6:46pm
Quoting franco73
i use trailing stops, finally aud in profit, looking for general concensus should i keep it tight?

cheers
good one Franco! profit is profit right
  • #9,431
  • Nov 19, 2009 6:48pm Nov 19, 2009 6:48pm
lucnh time , later....
  • #9,432
  • Nov 19, 2009 6:51pm Nov 19, 2009 6:51pm
Quoting ben10
good one Franco! profit is profit right
i was in a diddy last night, thanks to your comment back i held in and things are looking up, so thanks for that, so what are your thoughts on the trailing stop, should i keep it tight or loosin it a bit at the moment it 15pips
NOTHING VENTURED, NOTHING GAINED
  • #9,433
  • Nov 19, 2009 6:53pm Nov 19, 2009 6:53pm
Quoting ben10
lucnh time , later....
Ben, I am still locked in the loss as Price didn't move below .9125 (missed the TP by 9 pips :-(( ) neither she moved above .9250.
  • #9,434
  • Nov 19, 2009 7:10pm Nov 19, 2009 7:10pm
I still have my 2nd Long position open from .9160 , I think the Resistance at .9200-.9225 should hold for now. but I'm not convineced to short at this level ,
Attached Image (click to enlarge)
Click to Enlarge Name: audusd14.gif Size: 14 KB
  • #9,435
  • Nov 19, 2009 7:10pm Nov 19, 2009 7:10pm
i hope this is just a retracement, and stops soon
NOTHING VENTURED, NOTHING GAINED
  • #9,436
  • Nov 19, 2009 7:12pm Nov 19, 2009 7:12pm
I have a short Gold position from 1,143 ,
  • #9,437
  • Nov 19, 2009 7:12pm Nov 19, 2009 7:12pm
I closed mine early for 30 pips, my comfort level just wasn't there, but longs still look good on the hourly, so I may add again soon.


Kim
  • #9,438
  • Nov 19, 2009 7:25pm Nov 19, 2009 7:25pm
for those who like to trade Gold, Here is the reason for shorting Gold,
I think we have B wave as .61 retracement of A wave, if the count is correct then we will see a ABC correction with C wave ending at 1,112 ,as 100% projection of A wave from B point.
I went Short Gold from 1143, SL should be above the B or the Top ,
Attached Image (click to enlarge)
Click to Enlarge Name: gold3.gif Size: 14 KB
  • #9,439
  • Nov 19, 2009 7:47pm Nov 19, 2009 7:47pm
Quoting shahab8b
for those who like to trade Gold, Here is the reason for shorting Gold,
I think we have B wave as .61 retracement of A wave, if the count is correct then we will see a ABC correction with C wave ending at 1,112 ,as 100% projection of A wave from B point.
I went Short Gold from 1143, SL should be above the B or the Top ,
is there a true correlation between gold and aud?
NOTHING VENTURED, NOTHING GAINED
  • #9,440
  • Nov 19, 2009 8:08pm Nov 19, 2009 8:08pm
Can any body tell me why AUD is going down from last three days?
I am long from 9270..! What is happening?
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