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AUD/USD

  • #17,121
  • Feb 23, 2010 7:34am Feb 23, 2010 7:34am
Quoting Patience
Oanda - 1.4. Not yet but very close. Not bothered - A/J is in the money. Knew I should have just taken the money at 89.85 but I've been scalping too much lately and haven't been letting my trades run so I'm trying to break the habit.
yeah. longer trades are way better. EU is on a path to below 1.34, as long as it stays in it's channel. .89 is going to be next stop for AU.
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  • #17,122
  • Edited 9:20am Feb 23, 2010 7:38am | Edited 9:20am
A/U
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  • #17,123
  • Feb 23, 2010 7:43am Feb 23, 2010 7:43am
Quoting Clouds
yeah. longer trades are way better. EU is on a path to below 1.34, as long as it stays in it's channel. .89 is going to be next stop for AU.
Attachment
Only if you catch the trade at the right time. I'm in two minds about it. Okay, I'm a chicken and I'm out but left A/J to meander around for the time being.
Nothing worth having is easy.
  • #17,124
  • Feb 23, 2010 7:45am Feb 23, 2010 7:45am
Quoting Patience
Only if you catch the trade at the right time. I'm in two minds about it. Okay, I'm a chicken and I'm out but left A/J to meander around for the time being.
That's fine, I was in short EU, and long CAD, and closed to focus on AU.
  • #17,125
  • Feb 23, 2010 7:49am Feb 23, 2010 7:49am
sound like me
  • #17,126
  • Feb 23, 2010 7:53am Feb 23, 2010 7:53am
Quoting Patience
Only if you catch the trade at the right time. I'm in two minds about it. Okay, I'm a chicken and I'm out but left A/J to meander around for the time being.
Yeah, I like the long term trades as well, but I have to jump if I see the right opportunities I guess.

I out at +20, +15, +15. Wild rides sometimes. 8990 seems to be an important pivot area for this pair, as is 6996 for the NZD
  • #17,127
  • Feb 23, 2010 8:03am Feb 23, 2010 8:03am
So, momentum down trend TL
Broken TL, although now there's another line to cross
i think AU is just about ready
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  • #17,128
  • Feb 23, 2010 8:31am Feb 23, 2010 8:31am
If 1.50 gives EUR/AUD some support, it could be very bearish for AU.
Imagine if you rode that pair 5,000 pips up and down.
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  • #17,129
  • Feb 23, 2010 8:34am Feb 23, 2010 8:34am
Quoting Clouds
So, momentum down trend TL
Broken TL, although now there's another line to cross
i think AU is just about ready
Attachment
The only thing that concerns me about more immediate downside is that Cable and EUR have gone over their daily ATRs. A/U has failed to even get there so if Cable and EUR start going back up, the chances are good that A/U will as well. We do have weakness in indices, gold and crude though.

Nice one Kim. Always better to put some rather than none in the bank
Nothing worth having is easy.
  • #17,130
  • Feb 23, 2010 8:47am Feb 23, 2010 8:47am
Quoting Patience
The only thing that concerns me about more immediate downside is that Cable and EUR have gone over their daily ATRs. A/U has failed to even get there so if Cable and EUR start going back up, the chances are good that A/U will as well. We do have weakness in indices, gold and crude though.

Nice one Kim. Always better to put some rather than none in the bank
May not have wait till tomorrow. Some news in 15

It might consolidate, but I'd be cautious to go long on any pair.
  • #17,131
  • Feb 23, 2010 9:11am Feb 23, 2010 9:11am
hahah! the news only affected AUD, not EUR
  • #17,132
  • Feb 23, 2010 9:17am Feb 23, 2010 9:17am
Quoting Clouds
hahah! the news only affected AUD, not EUR
indeed nice move
  • #17,133
  • Feb 23, 2010 9:21am Feb 23, 2010 9:21am
Quoting shahab8b
A/U
1st target hit
  • #17,134
  • Feb 23, 2010 9:25am Feb 23, 2010 9:25am
lowest consumer confidence in 27 years. I picked up mini-lot of eur/aud at 1.5050, i think i may start regularly buying that one , all the way up to 2.00, i love the start of new fresh trends.
  • #17,135
  • Feb 23, 2010 9:38am Feb 23, 2010 9:38am
should I move my 2nd TP? the gold is about to break its short term S, that gives this pair more downward pressure,
  • #17,136
  • Feb 23, 2010 9:44am Feb 23, 2010 9:44am
Quoting shahab8b
should I move my 2nd TP? the gold is about to break its short term S, that gives this pair more downward pressure,
maybe wait till it goes past your TP, and put your SL in it's place? I don't know, I'm just hanging on to mine, I have no reason to long this pair. I've waiting for this thing to go down for days, and it finally looks promising.
  • #17,137
  • Feb 23, 2010 9:44am Feb 23, 2010 9:44am
long @ 8950 SL 8900 Tp 9000

let see how it goes..my Short closed successfully in green pips...


Ub
  • #17,138
  • Feb 23, 2010 9:45am Feb 23, 2010 9:45am
Quoting ubaidahsan
long @ 8950 SL 8900 Tp 9000

let see how it goes..my Short closed successfully in green pips...


Ub
You've got balls of steel.

(I'm short from 0.90481 not letting go for a while.)
  • #17,139
  • Feb 23, 2010 9:47am Feb 23, 2010 9:47am
Quoting Clouds
maybe wait till it goes past your TP, and put your SL in it's place? I don't know, I'm just hanging on to mine, I have no reason to long this pair. I've waiting for this thing to go down for days, and it finally looks promising.
I'll do the same,
taking long? no way, we just got R at 61% fib level, if its continues we will see the low at .8575 taken out in 4-5 days (may be some time next week)

we are getting some S at DJI- if that breaks, we should ride this pair all way down
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  • #17,140
  • Feb 23, 2010 10:09am Feb 23, 2010 10:09am
http://i47.tinypic.com/vy37ye.jpg
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