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AUD/USD

  • #9,601
  • Nov 23, 2009 11:43pm Nov 23, 2009 11:43pm
Quoting vincy balboa
what about long bear on AUS $
too early to decide?
  • #9,602
  • Nov 23, 2009 11:45pm Nov 23, 2009 11:45pm
How far down will the aussie go ? thinking of going long at the 9190 level, any thoughts ?
  • #9,603
  • Nov 24, 2009 12:02am Nov 24, 2009 12:02am
hi all!

upside quite limited from here

good to short between 0,9275 and 0,9258 with stop on sustained trade above yesterday high

first target is 0,9150 - 60

in case of break of that area, sentiment would change from neutral to bearish, and right to add more shorts

bullish tone only above 0,9258, unlikely unless US gdp will surprise on the upside

I expect a rise of 2,7 / 2,8% with good potential for USD short to cover quickly before and after the data

good trade to all!
  • #9,604
  • Nov 24, 2009 12:30am Nov 24, 2009 12:30am
took small short @ 0.9190, tp=0.9147, sl=20pips...
any idea?
  • #9,605
  • Nov 24, 2009 12:38am Nov 24, 2009 12:38am
Quoting cphcphcph
took small short @ 0.9190, tp=0.9147, sl=20pips...
any idea?
it works, now you can keep stop at entry, you could take half of the profit around 0,9150 and let half go in case of further weakness

in case of confirmed break of 0,9150 more drop could be seen this week
  • #9,606
  • Nov 24, 2009 12:59am Nov 24, 2009 12:59am
Quoting cphcphcph
too early to decide?
what about now

http://i47.tinypic.com/2zxrw5e.png
DRAGON-TECHNICAL ANALYSIS!
  • #9,607
  • Nov 24, 2009 1:47am Nov 24, 2009 1:47am
Hi all!I went long from 0.9135)If it breaks 0.9160-9165 then i will take one more long.....
I have a feeling that it will copy this 3 candles near the green mark on the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd3.gif Size: 45 KB
  • #9,608
  • Nov 24, 2009 1:54am Nov 24, 2009 1:54am
oops, what happened it last two hours that I wasnt watching the market! hopefully my Long from .9208 got filled in with two shorts from .9088 , I had two +40 shorts and one -60 long , I closed them all at tiny profit,
  • #9,609
  • Nov 24, 2009 2:01am Nov 24, 2009 2:01am
added buy limit @ 9146, sl:20, tp:9208
any idea?
  • #9,610
  • Nov 24, 2009 2:06am Nov 24, 2009 2:06am
went short at 0.9175 and took profit of 28pips at 0.9147
  • #9,611
  • Nov 24, 2009 2:19am Nov 24, 2009 2:19am
buy ? trade against trend?
  • #9,612
  • Nov 24, 2009 2:22am Nov 24, 2009 2:22am
i believe we r at wave 2 of the major wave correction 3 down , my chart says it all , i have shorted yesterday at 0.9260 and collected a profit of 110 pips at 0.9150
i ll short again when it hits the down trend line and take profit if the daily trend line breaks , if not i ll keep adding short on the way up
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 24 10.18.gif Size: 83 KB
  • #9,613
  • Nov 24, 2009 2:26am Nov 24, 2009 2:26am
as i said before i rather short trade than long trade at this time as we r expecting the daily trend to be broken , so i think i can never get stuck with a short trade at this time but i can really get messed up if i play long at any time and it surpirses everyone with a downtrend breaking the daily trend line ,, it ll be a killing move for who that dont use STOP LOSS
and thats me ,, most of the time
  • #9,614
  • Nov 24, 2009 2:31am Nov 24, 2009 2:31am
1 Trade today, shorted the AUD at .9202 on a break lower of the retracement candle.

plus 34 on this out at limit.

On the bigger picture a close below 9150 is a big message that the current trend is still under major pressure from the sellers. with yesterdays buying being eaten away.

USD still shows bullish divergence with a strong range in place. tomorrow mornings FOMC meeting could be very interesting!

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: audusdshort.jpg Size: 72 KB
  • #9,615
  • Nov 24, 2009 2:34am Nov 24, 2009 2:34am
Quoting Jesus4748
as i said before i rather short trade than long trade at this time as we r expecting the daily trend to be broken , so i think i can never get stuck with a short trade at this time but i can really get messed up if i play long at any time and it surpirses everyone with a downtrend breaking the daily trend line ,, it ll be a killing move for who that dont use STOP LOSS
and thats me ,, most of the time
Well thats me as well, got snowed under last week with my longs and it sort of sidelined me for a few days.... but I think tonight 9067 looks pretty good before a reversal....
Find a job that you love and you dont have to work again in your life.
  • #9,616
  • Nov 24, 2009 2:39am Nov 24, 2009 2:39am
Quoting tradoholic
Well thats me as well, got snowed under last week with my longs and it sort of sidelined me for a few days.... but I think tonight 9067 looks pretty good before a reversal....
we cant take every pip in the market and every move ,, so better to learn a bit from the lesson and try to wait for it going up and then anticipate it while going down ,, 1 or 2 month ago i wont be doing this but its time for high risk of daily trend line break so u need to change ur strategy so u dont get messed up with th eppl get messed up when a daily trend switches directions
i learned this the hard way
  • #9,617
  • Nov 24, 2009 2:40am Nov 24, 2009 2:40am
Quoting Jesus4748
as i said before i rather short trade than long trade at this time as we r expecting the daily trend to be broken , so i think i can never get stuck with a short trade at this time but i can really get messed up if i play long at any time and it surpirses everyone with a downtrend breaking the daily trend line ,, it ll be a killing move for who that dont use STOP LOSS
and thats me ,, most of the time
Anyway, I am still long from 9135 and my TS wont give to earn less then 12pips already...So i dont worry at all. But if it breaks daily trend it will kill people without SL,agree with you))) but i think it is early to talk about it... First of all trend is very strong and Aud has more chances to go up then EUR for example,it has all conditions.Another one moment--there are a lot of news this week from the USA...They will be dominating in the market movement. If they wiil be negative,then we will see up movement of the AUD again,cause FED wont change the rate in that case) People are afraid to risk at the moment and it gives a dollar an opportunity to grow.IMHO
  • #9,618
  • Nov 24, 2009 3:06am Nov 24, 2009 3:06am
Quoting Letos
Anyway, I am still long from 9135 and my TS wont give to earn less then 12pips already...So i dont worry at all. But if it breaks daily trend it will kill people without SL,agree with you))) but i think it is early to talk about it... First of all trend is very strong and Aud has more chances to go up then EUR for example,it has all conditions.Another one moment--there are a lot of news this week from the USA...They will be dominating in the market movement. If they wiil be negative,then we will see up movement of the AUD again,cause FED wont change...
i dont think its that far for 2 reasons ,, technical reasons ,, there is a very clear divergance from the RSI on the daily chart that forms lower highs with the last 2 higher highs ,,, secondly everytime the AUD touches the daily trend line it goes for a higher high and new year record but the last time it went just 60 pips over the previous record and that signs a weakness in th potiential of a higher rally ,, the next couple of days could be critical as i think it might do it by then
  • #9,619
  • Nov 24, 2009 3:44am Nov 24, 2009 3:44am
Quoting Jesus4748
i dont think its that far for 2 reasons ,, technical reasons ,, there is a very clear divergance from the RSI on the daily chart that forms lower highs with the last 2 higher highs ,,, secondly everytime the AUD touches the daily trend line it goes for a higher high and new year record but the last time it went just 60 pips over the previous record and that signs a weakness in th potiential of a higher rally ,, the next couple of days could be critical as i think it might do it by then
Look at the screen that i have posted before and you will see nearly the same picture as it may happen today)
  • #9,620
  • Nov 24, 2009 5:14am Nov 24, 2009 5:14am
up or down?!! calm and tight!
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