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AUD/USD

  • #16,581
  • Feb 16, 2010 12:26am Feb 16, 2010 12:26am
Quoting Warwick
Mental sl? - Just curious
0.9060
  • #16,582
  • Feb 16, 2010 12:27am Feb 16, 2010 12:27am
The red line is annoying. Its pretty solid, but i reckon it should break soon. This is my 1M.
Attached Image (click to enlarge)
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Find a job that you love and you dont have to work again in your life.
  • #16,583
  • Feb 16, 2010 12:29am Feb 16, 2010 12:29am
Quoting M.A.C.Doug
Good luck!
I took the 8960 level too. Im not sure why we did that, everything is all of sudden looking so rosy. We may have a looong wait before things arent looking so good for the Aussie fundamentally and if GoldmanSachs is correct about chinese growth we are screwed as this thing is going to parity
Imo parity - Nah ... the RBA are insane but not stupid. I don't fancy another sit on hands situation when we touched .98

The period of gluttonous carry-trade activity has come to an end i'd say.

Many things will have to go wrong for the aussie to touch parity. Thats not to say its impossible, markets usually like to test the resolve of a central bank - They constantly toy around with the SNB so why not the RBA.

I fancy an intervention in the mid 90's if investors are insane enough to carry it there.
  • #16,584
  • Feb 16, 2010 12:37am Feb 16, 2010 12:37am
8939 is a good target and nice range for scalping from there on......
Find a job that you love and you dont have to work again in your life.
  • #16,585
  • Feb 16, 2010 12:38am Feb 16, 2010 12:38am
Quoting Warwick
I fancy an intervention in the mid 90's if investors are insane enough to carry it there.
I agree, they would not want the currency much stronger.
  • #16,586
  • Feb 16, 2010 12:39am Feb 16, 2010 12:39am
I thank Thou ( DOW) for coming to my rescue...... 14 pips in dow, still short on Gold from 1116.50
Find a job that you love and you dont have to work again in your life.
  • #16,587
  • Feb 16, 2010 12:45am Feb 16, 2010 12:45am
Not sure if people here have read Money Managment 101
But topping up on a losing trade is defiantly not the way to go, unless you have pre-planned these "top ups"
  • #16,588
  • Feb 16, 2010 12:50am Feb 16, 2010 12:50am
Yeah also what is this idea of going against the trend? It's the oldest rule in the book.
  • #16,589
  • Feb 16, 2010 12:54am Feb 16, 2010 12:54am
it wont go any higher than .92 -> then down to .85
(maybe)
  • #16,590
  • Feb 16, 2010 1:13am Feb 16, 2010 1:13am
Quote
it wont go any higher than .92 -> then down to .85

Agree.
  • #16,591
  • Feb 16, 2010 1:32am Feb 16, 2010 1:32am
Quoting BobbyBob
Not sure if people here have read Money Managment 101
But topping up on a losing trade is defiantly not the way to go, unless you have pre-planned these "top ups"
Again Very Well Said..

I use two things....Trailing stops ie always move my stops to the next pivot level and also I never add to a loosing trade..if I do it is always at the next pivot level ..

I try and keep it simple
Let Price determine your future!
  • #16,592
  • Feb 16, 2010 1:44am Feb 16, 2010 1:44am
closed all shorts at 8942, 18 points, waiting for retracement to short again. Closed shorts on DOW as well, 16 points. Keeping Gold Shorts.
Find a job that you love and you dont have to work again in your life.
  • #16,593
  • Feb 16, 2010 1:46am Feb 16, 2010 1:46am
Quoting tradoholic
closed all shorts at 8942, 18 points, waiting for retracement to short again. Closed shorts on DOW as well, 16 points. Keeping Gold Shorts.
Why did you close your shorts so early ??
  • #16,594
  • Feb 16, 2010 1:48am Feb 16, 2010 1:48am
Quoting Daytrader74
Why did you close your shorts so early ??
This decision was based on astrological charts, change of hours to Jupitor, normally its up in the first 13 minutes....
Find a job that you love and you dont have to work again in your life.
  • #16,595
  • Feb 16, 2010 1:49am Feb 16, 2010 1:49am
Quoting tradoholic
This decision was based on astrological charts, change of hours to Jupitor, normally its up in the first 13 minutes....
huh ??
  • #16,596
  • Feb 16, 2010 1:52am Feb 16, 2010 1:52am
Quoting Daytrader74
huh ??
I study charts, but in and out I follow my astrological charts and the hours, strange huh?
Find a job that you love and you dont have to work again in your life.
  • #16,597
  • Feb 16, 2010 1:54am Feb 16, 2010 1:54am
Quoting tradoholic
I study charts, but in and out I follow my astrological charts and the hours, strange huh?
Very strange ! so what are you saying that we are heading back up now ?
  • #16,598
  • Feb 16, 2010 1:57am Feb 16, 2010 1:57am
Quoting Daytrader74
Very strange ! so what are you saying that we are heading back up now ?
It will go up slightly, I will short again around 9:30 pm depending on technical analysis though
Find a job that you love and you dont have to work again in your life.
  • #16,599
  • Feb 16, 2010 2:10am Feb 16, 2010 2:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Was I right in saying we will touch 89500 when we were @ 88, which we did today !!

Might retrace here for a while not below 89 until the US news.

ta
ams


Quoting ams
Wouldn't like to brag ...But the chart said it all, we are not coming back before we have touched 89500 or even 91.
Posted yesterday. Don't think many of you here took me seriously since I am not a frequent Aus trader.


Be careful with shorts or have a wide stops of upto 100 pips if you place trade @ 89500...


I am holding my long from 87500. Sorry didn't post this trade even on my thread since I was busy.

EDIT: we might retrace here for a while. However, I do not see us past 88 yet.


ta
ams
  • #16,600
  • Feb 16, 2010 2:13am Feb 16, 2010 2:13am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey Geppy, good going mate!

yup, same thing I said..can't see many experienced traders on this thread hence usual cable version.


ta
ams

Quoting Geppyg
Short on gold and aud...Good luck ...I am holding long from 8790 and my target is 9150....

I could not see any reason to short at all
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