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AUD/USD

  • #12,521
  • Jan 3, 2010 11:21pm Jan 3, 2010 11:21pm
Whats your reasoning behind being long?
Annoying Precision
  • #12,522
  • Jan 3, 2010 11:25pm Jan 3, 2010 11:25pm
Quoting erikte279
Whats your reasoning behind being long?
From what I can see in my chart analysis I believe we will see 0.8990 - 0.9025 in the very short term/
  • #12,523
  • Jan 3, 2010 11:30pm Jan 3, 2010 11:30pm
Short term trade. Ok
Annoying Precision
  • #12,524
  • Jan 3, 2010 11:37pm Jan 3, 2010 11:37pm
Quoting Daytrader74
From what I can see in my chart analysis I believe we will see 0.8990 - 0.9025 in the very short term/
i'm long as well, glad to see i have company thought i was the only one
  • #12,525
  • Jan 3, 2010 11:48pm Jan 3, 2010 11:48pm
Quoting amyc
i'm long as well, glad to see i have company thought i was the only one
You are not alone, I'm here with you
  • #12,526
  • Jan 4, 2010 12:11am Jan 4, 2010 12:11am
Rule 1:

The trend is in effect until proven otherwise.
Annoying Precision
  • #12,527
  • Jan 4, 2010 1:07am Jan 4, 2010 1:07am
i dont know why, but i see the trend as down, and more down then ever at .90, but i may be wrong
  • #12,528
  • Jan 4, 2010 1:14am Jan 4, 2010 1:14am
I am watching the AUDUSD Carefully it moved about 26% last year and was the strong currency as well with the NZD. If I see a trade I will post it. But I am watching it since you asked
  • #12,529
  • Jan 4, 2010 1:35am Jan 4, 2010 1:35am
Which trend are you speaking of?

The secular trend is BEARISH at this moment, IMO.

The correction (current trend) is BULLISH at this moment, IMO, and since its the current trend and hasnt been disproved by a lower high a premature short position shouldnt be taken, that would be picking tops and bottoms.

Right?
Annoying Precision
  • #12,530
  • Jan 4, 2010 1:39am Jan 4, 2010 1:39am
Quoting erikte279
Which trend are you speaking of?

The secular trend is BEARISH at this moment, IMO.

The correction (current trend) is BULLISH at this moment, IMO, and since its the current trend and hasnt been disproved by a lower high a premature short position shouldnt be taken, that would be picking tops and bottoms.

Right?
Well, yes. But when it was at .88 the point i wanted to take a short at was .90, and i haven't really changed my view. I have stop at .9015, I may be wrong, but I prefer to plan in advance, and keep trades for at least week.
  • #12,531
  • Jan 4, 2010 1:44am Jan 4, 2010 1:44am
I understand, Im short as well and in the negative pips because I didnt wait for a clean break to short.
Annoying Precision
  • #12,532
  • Jan 4, 2010 1:50am Jan 4, 2010 1:50am
Quoting erikte279
I understand, Im short as well and in the negative pips because I didnt wait for a clean break to short.
Well, if it goes down from .90, it may not be today, and may be in a few days, usually i see reversals take some time. As long as .90 holds. If it doesn't, I'll re-evaluate in a couple days.
  • #12,533
  • Jan 4, 2010 1:54am Jan 4, 2010 1:54am
Quoting Daytrader74
From what I can see in my chart analysis I believe we will see 0.8990 - 0.9025 in the very short term/

Hre comes 9025 (I hope), I am long as well, also long on the aud/jpy. May hit 0.9050 if it breaks the 0.9000. On the 15 min chart it looks like it wants to break.
  • #12,534
  • Jan 4, 2010 1:57am Jan 4, 2010 1:57am
I be interested to hear why if it dosent hold you take a couple of days to revaluate. Thanks
Annoying Precision
  • #12,535
  • Jan 4, 2010 2:02am Jan 4, 2010 2:02am
Thats it, shake that money tree for Dady
  • #12,536
  • Jan 4, 2010 2:03am Jan 4, 2010 2:03am
Quoting shoeysfish
Hre comes 9025 (I hope), I am long as well, also long on the aud/jpy. May hit 0.9050 if it breaks the 0.9000. On the 15 min chart it looks like it wants to break.
Yep it sure is coming
  • #12,537
  • Jan 4, 2010 2:03am Jan 4, 2010 2:03am
Quoting erikte279
I be interested to hear why if it dosent hold you take a couple of days to revaluate. Thanks
For short.
It could stop at .9115 or so
  • #12,538
  • Jan 4, 2010 2:06am Jan 4, 2010 2:06am
Quoting Daytrader74
Yep it sure is coming
Hello

.9025 is considered by you as 50% fibo retracement (drop from .9321 to .8733) ??
  • #12,539
  • Jan 4, 2010 2:08am Jan 4, 2010 2:08am
Quoting Daytrader74
Yep it sure is coming
cmon keep shakin!!!
  • #12,540
  • Jan 4, 2010 2:10am Jan 4, 2010 2:10am
Quoting Daytrader74
Thats it, shake that money tree for Dady
click, click.............BOOOOOOOMM!!!!!

There oes 0.9025

Now for 0.9055
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