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AUD/USD

  • #18,661
  • Mar 10, 2010 11:28am Mar 10, 2010 11:28am
Quoting Tuner
If he is not on his computer let's hope he is (still) short..
Yes , I hope so, he said he put SL on .9180, I hope he changed the plan later on
  • #18,662
  • Mar 10, 2010 11:37am Mar 10, 2010 11:37am
if we clear this area next S zone is .9070-60 , then there is weekly Pivot at .9034, its a bit pre-mature to target the weekly Pivot for now, it seems we got some buying pressure here,
I'm taking profit on some short A/U and long U/cad, , SL to B/E for the rest of the positions
  • #18,663
  • Mar 10, 2010 11:39am Mar 10, 2010 11:39am
Quoting shahab8b
if we clear this area next S zone is .9070-60 , then there is weekly Pivot at .9034, its a bit pre-mature to target the weekly Pivot for now, it seems we got some buying pressure here
yeah seems like this S is holding, for now that is
  • #18,664
  • Mar 10, 2010 11:43am Mar 10, 2010 11:43am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Yes , I hope so, he said he put SL on .9180, I hope he changed the plan later on
Yeah.. getting stopped out for a few pips before it turns around sucks..
I cashed in my shorts for the moment @ 9130
(I hate to see a quick profit melting again)
9125 was another resistance for now as it seems. I'd like to see a lil more bounce up now. and a lower high to enter again..
Option B: Waiting till 9125 is broken...

Did you short Gold as well?
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd.gif Size: 24 KB
"Blue Horseshoe loves Anacott Steel!"
  • #18,665
  • Mar 10, 2010 11:47am Mar 10, 2010 11:47am
Quoting Tuner
Yeah.. getting stopped out for a few pips before it turns around sucks..
I cashed in my shorts for the moment @ 9130
(I hate to see a quick profit melting again)
9125 was another resistance for now as it seems. I'd like to see a lil more bounce up now. and a lower high to enter again..
Option B: Waiting till 9125 is broken...

Did you short Gold as well?
no , I long gold yesterday at 1112 , then took profit on 1222, and stopped on the 2nd position on 1116,
I'm waiting to short Gold heavily on 1150-55 R zone, if it ever gets there
Attached Image (click to enlarge)
Click to Enlarge Name: gold1g.gif Size: 20 KB
  • #18,666
  • Mar 10, 2010 11:53am Mar 10, 2010 11:53am
thats expensive advice aint it

Quoting Ida
as always, be over-capitalized and under-leveraged, stick to your guns, have stomach, and "take a position" and see it through....

good trading, everyone...
Annoying Precision
  • #18,667
  • Mar 10, 2010 11:56am Mar 10, 2010 11:56am
Quoting shahab8b
no reason to panic. as far as you go with your plan you are a winner, who knows what will happen next.
Freakin' crazy holding a long through that shitstorm.
Hopefully, it was just a correction.

UPWARDS!
  • #18,668
  • Mar 10, 2010 11:57am Mar 10, 2010 11:57am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
no , I long gold yesterday at 1112 , then took profit on 1222, and stopped on the 2nd position on 1116,
I'm waiting to short Gold heavily on 1150-55 R zone, if it ever gets there
You mean took profit @ 1122 ?
Nice trade as well then

So if Gold gets to the area you are lookin for this would take AUD up again as well ?!
"Blue Horseshoe loves Anacott Steel!"
  • #18,669
  • Mar 10, 2010 12:05pm Mar 10, 2010 12:05pm
It would bring the AUD to a weekly high..right?
Former Trader Of the Year of the 95% losing club! Retired
  • #18,670
  • Mar 10, 2010 12:07pm Mar 10, 2010 12:07pm
Quoting Tuner
You mean took profit @ 1122 ?
Nice trade as well then

So if Gold gets to the area you are lookin for this would take AUD up again as well ?!
1122 right!!!, with this today movement I'm not sure for Gold in near term to get there, it's still falling if you look at it now.
but as a RRR that area is perfect to short Gold, Gold is a beast when it comes to trading , you need to be careful, it moves 100-200 pips/Hr some times
  • #18,671
  • Mar 10, 2010 12:11pm Mar 10, 2010 12:11pm
Quoting primasoldi
Freakin' crazy holding a long through that shitstorm.
Hopefully, it was just a correction.

UPWARDS!
right, but be careful, gold is not done falling yet, however it seems S zone in .9020-9033 is holding well for the time being- look at the bearish flag on 5 min gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold1h.gif Size: 13 KB
  • #18,672
  • Mar 10, 2010 12:11pm Mar 10, 2010 12:11pm
Anyone find out if that move was based on some type of fundamental or if it was pure technical?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,673
  • Mar 10, 2010 12:14pm Mar 10, 2010 12:14pm
Quoting MarcVUM
Anyone find out if that move was based on some type of fundamental or if it was pure technical?
Some technical, but mostly fundies.

Rumors that China's inflation might be higher than expected, thus leading to tightening = less commodities buying.
This led to copper (and gold and other metals) tanking = higher dollar, esp. against the aussie.
  • #18,674
  • Mar 10, 2010 12:31pm Mar 10, 2010 12:31pm
Quoting Hell7
... but gave a very nice short entry at the upper line of the blue pitchfork. To the pip

As I don't really trust the short side as long as price is in the large green fork, I covered some and moved down my stop for the rest a few pips above today's highs. Worst case: I only make a little on this trade
I was clearly stopped out and as price closed above the upper line of the blue pitchfork yesterday I'm no longer considering that one valid. Stepping aside, and waiting till price reaches the upper red line or one of the lines of the new yellow fork.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100310audD.gif Size: 28 KB
  • #18,675
  • Mar 10, 2010 12:51pm Mar 10, 2010 12:51pm
Such a beautiful candle on the daily!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,676
  • Mar 10, 2010 1:02pm Mar 10, 2010 1:02pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Such a beautiful candle on the daily!
Yeah.. that looks nice indeed.
But the day is not over yet.... should we expect any bigger effects for the AUD of the NZ-cashrate later?
"Blue Horseshoe loves Anacott Steel!"
  • #18,677
  • Mar 10, 2010 1:06pm Mar 10, 2010 1:06pm
Quoting Tuner
Yeah.. that looks nice indeed.
But the day is not over yet.... should we expect any bigger effects for the AUD of the NZ-cashrate later?

I kind of think it is best to stand to the side for the rest of the day. With the AUD report due out at 7pm est and the slow pa right now... I don't want to get stuck in a trade with no way out if necessary.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,678
  • Mar 10, 2010 1:12pm Mar 10, 2010 1:12pm
I am expecting a massive spike up with the news. Be careful guys!
Former Trader Of the Year of the 95% losing club! Retired
  • #18,679
  • Mar 10, 2010 1:49pm Mar 10, 2010 1:49pm
Anyone know the cause of that massive spike to 0.918?
  • #18,680
  • Mar 10, 2010 1:50pm Mar 10, 2010 1:50pm
Spike to 0.9180?
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