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Nearly Naked (Simple Trades)

  • #321
  • Apr 13, 2010 12:49am Apr 13, 2010 12:49am
The daily AU candle has already moved 60 pips, I'd say it's way to late to think about long, at least for today. I'd personally not want to enter a trade going against the current day's candle (unless it's only moved 20-30 pips).
  • #322
  • Apr 13, 2010 12:58am Apr 13, 2010 12:58am
Quoting trade price
morning (uk)
hey saxon ,i just read ur profile .
so u used to work for GSCO?
Ya, couple different teams
  • #323
  • Apr 13, 2010 12:59am Apr 13, 2010 12:59am
Quoting Clouds
The daily AU candle has already moved 60 pips, I'd say it's way to late to think about long, at least for today. I'd personally not want to enter a trade going against the current day's candle (unless it's only moved 20-30 pips).
Ya, I have a small short. I am waiting for AU to hit its old UTL for a potential small bounce.
  • #324
  • Apr 13, 2010 1:07am Apr 13, 2010 1:07am
EJ may be hitting resistance here

Attached Image
  • #325
  • Apr 13, 2010 1:11am Apr 13, 2010 1:11am
Quoting Clouds
EJ may be hitting resistance here

Attachment
allready bounced of 4 hour TF.
it will go and retest the upper supply line
Attached Image
  • #326
  • Apr 13, 2010 1:13am Apr 13, 2010 1:13am
getting back to your a/u long idea, .... eur/aud is hitting a TL resistance, and eur/cad looks like it may have broken the TL resistance, and those pairs move similar, - not sure what to think, u?
for now, im just dinking around with short ej and long ucad, i may try and not make things to complicated and stay in these positions till tomorrow
  • #327
  • Apr 13, 2010 1:23am Apr 13, 2010 1:23am
Quoting trade price
allready bounced of 4 hour TF.
it will go and retest the upper supply line
do u mean 126.25 ish
  • #328
  • Apr 13, 2010 1:27am Apr 13, 2010 1:27am
watching e/u is like watching a tennis match
  • #329
  • Apr 13, 2010 1:29am Apr 13, 2010 1:29am
Heads up on a longer-term play...

Check out weekly chart on AUD/NZD; very nice shooting star last week and a bearish candle to start off this week... Last week, I mentioned the pair having the potential to lose the 1.30 handle "soon" and it's currently sitting at 1.2961 right now.

The AUD and NZD currencies are correlated pretty highly; however, the AUD has been rallying quite a bit over the NZD for a while now... and the AUD will fall much further if any bad news comes out of China... what I also like about this pair, is if you short it, the daily swap is not that bad; especially when compared to shorting the AUD/USD pair.

AUD has just been looking weak all around, so perhaps it's due for a bit of a bounce soon; but there is the possibility that Someone already knows some news that will affect the AUD in a negative way, which may be why it's selling off quite a bit more than some other currencies.

Anyway, thought a few of you may be interested if it climbs back into the 1.30's for a potential nice ride down in the next few weeks.
Attached Image
  • #330
  • Apr 13, 2010 1:30am Apr 13, 2010 1:30am
Quoting Clouds
getting back to your a/u long idea, .... eur/aud is hitting a TL resistance, and eur/cad looks like it may have broken the TL resistance, and those pairs move similar, - not sure what to think, u?
for now, im just dinking around with short ej and long ucad, i may try and not make things to complicated and stay in these positions till tomorrow
I will just keep a close eye on PA right around old UTL. If it looks like it will make a small bounce on its way down to take out 92 I will take a few of the pips up. If not, I will just ride it down to 92
Attached Image (click to enlarge)
Click to Enlarge Name: audddd.gif Size: 17 KB
  • #331
  • Apr 13, 2010 1:31am Apr 13, 2010 1:31am
EU is in 20 pip range, perfect time have sell order below around 3555 for TP 3500
  • #332
  • Apr 13, 2010 1:36am Apr 13, 2010 1:36am
Quoting thadakman
Heads up on a longer-term play...

Check out weekly chart on AUD/NZD; very nice shooting star last week and a bearish candle to start off this week... Last week, I mentioned the pair having the potential to lose the 1.30 handle "soon" and it's currently sitting at 1.2961 right now.

The AUD and NZD currencies are correlated pretty highly; however, the AUD has been rallying quite a bit over the NZD for a while now... and the AUD will fall much further if any bad news comes out of China... what I also like about this pair, is if you short it, the...
yes its very bad sign for the pairs.but trend is quite strong.wait for the first move if u wanna jump in.
not enough room just above the resistant as well.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-NZD WEEKLY.gif Size: 9 KB
  • #333
  • Apr 13, 2010 1:40am Apr 13, 2010 1:40am
Quoting trade price
allready testing 15 m.
if it goes through will test the 4 hour see the both charts
well i put my SL 126.35 - will try get some shut eye now
  • #334
  • Apr 13, 2010 1:55am Apr 13, 2010 1:55am
Quoting Clouds
well i put my SL 126.35 - will try get some shut eye now
after ur stops
  • #335
  • Apr 13, 2010 2:01am Apr 13, 2010 2:01am
Quoting trade price
after ur stops

at least my stop will be in profit. goodnight...
  • #336
  • Apr 13, 2010 2:23am Apr 13, 2010 2:23am
What's going on with UJ
  • #337
  • Apr 13, 2010 2:28am Apr 13, 2010 2:28am
Japan Ruling Party Draft: Should try to keep forex levels around 120 Yen per dollar...

Can you imagine where the crosses would be priced if it ever reached that!?!
  • #338
  • Apr 13, 2010 2:29am Apr 13, 2010 2:29am
Glad I wasn't in that pair, wow. It is stumbling around old TL, fib and 93.15 S/R
  • #339
  • Apr 13, 2010 2:29am Apr 13, 2010 2:29am
Quoting thadakman
Japan Ruling Party Draft: Should try to keep forex levels around 120 Yen per dollar...

Can you imagine where the crosses would be priced if it ever reached that!?!
Who is your news provider. I got nothing from Reuters
  • #340
  • Apr 13, 2010 2:31am Apr 13, 2010 2:31am
Quoting Saxon
Glad I wasn't in that pair, wow. It is stumbling around old TL, fib and 93.15 S/R
It sure as heck helped my long USD/JPY trade come back; I'm long-term on that one 97-100! Been hedging in and out on some short yen crosses in the meantime and small trades long and short USD/JPY... but I hold my core position long-term (once the US raises interest rates it should really take off)
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