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AUD/USD

  • #17,521
  • Feb 25, 2010 1:49pm Feb 25, 2010 1:49pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting pash78
Around 8890 but price should stay above it for sm time.

I had 2 trades from yesterday S Aud/usd from 8950 B Usd/Cad from 1.0520.

Closed half of both this morning and added Aud at this level.

Yes PA for now is also worrying me but I guess the push was from Gold.
I kept my initial SL of yesterdays Short from 8950.. so just above 89 at the moment.
This was not the clear bounce down yet.. so let's see

With AUD goin up so much my nice profits in eur/aud long are melting now. (was at +160 already.. +100now)
Let's see how this will turn out.
"Blue Horseshoe loves Anacott Steel!"
  • #17,522
  • Edited 3:09pm Feb 25, 2010 2:22pm | Edited 3:09pm
Short and long-term views

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Will post later on higher TF charts for my views on the overall trend.

By now (H1 and H4):

H1 tweezers

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H4 (yet to be confirmed) pinbar

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Looking for entering long at 0.8820 if above condition is met (close and open above 0.8876)


Longer-term trends: H4, Daily and Weekly trends are still up.
No trendline yet broken as far as I see.

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It is true however, that we are close to an impending strong retracement from Daily to Weekly trendline which also lies at about 61.8 fib.

It's all about time (frames)...
  • #17,523
  • Feb 25, 2010 3:01pm Feb 25, 2010 3:01pm
Quoting pash78
Around 8890 but price should stay above it for sm time.

I had 2 trades from yesterday S Aud/usd from 8950 B Usd/Cad from 1.0520.

Closed half of both this morning and added Aud at this level.

Yes PA for now is also worrying me but I guess the push was from Gold.

Let's see if the 200ma on the 15min and 50/62ma on the 1hr hold her down.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #17,524
  • Feb 25, 2010 3:09pm Feb 25, 2010 3:09pm
Maybe?
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  • #17,525
  • Feb 25, 2010 3:16pm Feb 25, 2010 3:16pm
Still short...
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #17,526
  • Feb 25, 2010 3:18pm Feb 25, 2010 3:18pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Saxon
Maybe?

I hope so. At least this was the plan.. Time will tell..
Hate it when nice profit-trades get eaten up after and after

Good luck!
"Blue Horseshoe loves Anacott Steel!"
  • #17,527
  • Feb 25, 2010 3:19pm Feb 25, 2010 3:19pm
Quoting Saxon
Maybe?
Maybe... New Zealand data due 15 minutes before the close, could indeed mess up and reverse all my daily price close/open expectations.

However, that's a falling wedge on your chart... which is usually a bullish pattern.
But indeed your target at around 0.8920 is totally on point, on either point of view! (that's where I'll be waiting with my long )

IF.
  • #17,528
  • Feb 25, 2010 3:24pm Feb 25, 2010 3:24pm
Quoting Tuner
I hope so. At least this was the plan.. Time will tell..
Hate it when nice profit-trades get eaten up after and after

Good luck!
I'm on tp for the week and my position on this trade isn't too big. Any patter recognition trades get bottom of the totem pole when it comes to lot size. Good luck to you too man. If this trade fails i'm going out for beers, pour one out for my losses.
  • #17,529
  • Feb 25, 2010 3:26pm Feb 25, 2010 3:26pm
shorted aud again , wish i could short more
  • #17,530
  • Feb 25, 2010 3:26pm Feb 25, 2010 3:26pm
Quoting doblece
Maybe... New Zealand data due 15 minutes before the close, could indeed mess up and reverse all my daily price close/open expectations.

However, that's a falling wedge on your chart... which is usually a bullish pattern.
But indeed your target at around 0.8920 is totally on point, on either point of view! (that's where I'll be waiting with my long )

IF.
Ya man, I agree, but I was on the fence with this one. Great charts above too. My brain is too fried from this week to make any pretty charts Good Luck on your trades, your a solid trader man.
  • #17,531
  • Feb 25, 2010 3:31pm Feb 25, 2010 3:31pm
Quoting Saxon
Ya man, I agree, but I was on the fence with this one. Great charts above too. My brain is too fried from this week to make any pretty charts Good Luck on your trades, your a solid trader man.
Thanks
Here's my view of your chart:

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  • #17,532
  • Feb 25, 2010 3:37pm Feb 25, 2010 3:37pm
Quoting doblece
Thanks
Here's my view of your chart:

Attachment


Nice perspective. What software do you use to make the analysis and predictions?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #17,533
  • Feb 25, 2010 3:46pm Feb 25, 2010 3:46pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Clouds
shorted aud again , wish i could short more
Welcome back Clouds.. Got all your shorts from yesterday still running?
I cashed them at 88 area. and shorted again at 8870 now.
My EURAUD did do pretty good today been on +170.. now back to +100,
Still holding them...
"Blue Horseshoe loves Anacott Steel!"
  • #17,534
  • Feb 25, 2010 3:51pm Feb 25, 2010 3:51pm
Quoting MarcVUM
Nice perspective. What software do you use to make the analysis and predictions?
MT4... (and my brain )
And it's no predictions... more like a trading plan where if something happens on a certain way, I'll do this or that, to see all (or almost all) possibilities that are on the ground and hopefully have a precise plan for each one of them should they occur...

It's no predictions because I always fail when I'm too strongly biased... and though I analyze long term, I mostly trade in shorter time spans.
Thanks!


BTW with NZD... Tricky data indeed...

5:15pm NZD Trade Balance Actual 269M Forecast -99M Previous 2M

I guess I'm still bullish?
  • #17,535
  • Feb 25, 2010 3:51pm Feb 25, 2010 3:51pm
Quoting Tuner
Welcome back Clouds.. Got all your shorts from yesterday still running?
I cashed them at 88 area. and shorted again at 8870 now.
My EURAUD did do pretty good today been on +170.. now back to +100,
Still holding them...
No. I put my SL 4 pips to close. But it's alright, we're only 10 pips below since I went to sleep. Re-shorted .888 TP still to be seen.
  • #17,536
  • Feb 25, 2010 3:52pm Feb 25, 2010 3:52pm
Quoting Tuner
Welcome back Clouds.. Got all your shorts from yesterday still running?
I cashed them at 88 area. and shorted again at 8870 now.
My EURAUD did do pretty good today been on +170.. now back to +100,
Still holding them...
I am back still holding the shorts.
  • #17,537
  • Feb 25, 2010 3:56pm Feb 25, 2010 3:56pm
Hmmm.. I am not sure if I will short it... Fundamentally, Gold Up, NZD export data better than expected, dow closed much better than expected.. Technically it makes sense, but fundamentals are ruling here! Shorting is risky.. and the market is also expecting a rate hike by the RBA next week!! I would not risk a short here...
  • #17,538
  • Feb 25, 2010 3:59pm Feb 25, 2010 3:59pm
Quoting Clouds
whatever trend lines u try to draw supporting it's still in an uptrend will break. A trend line with 2 points, is not a trend line.
The real trend line was broken in November.
For a trend line that isn't one it sure does a good job at containing price
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  • #17,539
  • Feb 25, 2010 4:03pm Feb 25, 2010 4:03pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Clouds
No. I put my SL 4 pips to close. But it's alright, we're only 10 pips below since I went to sleep. Re-shorted .888 TP still to be seen.
Well.hopefully another chance now for you. Though I was more confident in my trade yesterday. (worked out for some nice pips from 8948 to 8807)
Today I don't really like PA so far at my "desired" resistance levels
... Seems some buyers joined in
Can't keep on watching my charts for too long now anymore.
Tomorrow I wake up stopped out (8915) or in some profits again.
"Blue Horseshoe loves Anacott Steel!"
  • #17,540
  • Feb 25, 2010 4:04pm Feb 25, 2010 4:04pm
Quoting Hell7
For a trend line that isn't one it sure does a good job at containing price
Are you just gonna draw a new trend line as it goes down?

Attached Image
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