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  • #21,941
  • May 31, 2010 6:48pm May 31, 2010 6:48pm
Significant AU data later. Here are some of my friction points.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 45 KB
  • #21,942
  • Jun 1, 2010 12:23am Jun 1, 2010 12:23am
Doctor copper and Nurse Oil are down here. Hedge funds had a crappy May despite a lot of strats to minimize risk expecting downside. lol. hope it is time for real pain.
  • #21,943
  • Jun 1, 2010 12:54am Jun 1, 2010 12:54am
Quoting kingdisco
Doctor copper and Nurse Oil are down here. Hedge funds had a crappy May despite a lot of strats to minimize risk expecting downside. lol. hope it is time for real pain.
are you trying to be funny???
Success consists of going from failure to failure without loss of enthusiam
  • #21,944
  • Jun 1, 2010 1:37am Jun 1, 2010 1:37am
Despite staging a rebound after RBA kept rates unchanged n a neutral statement, intra-day weakness to 0.8354 signals corrective rise fm 0.8066 has formed a top at 0.8552 (Fri) n downside bias remains for decline twd 0.8305/10 but 0.8285 wud hold.

If he go more down and break 8309 then I will wait for 8254 too close my trade with big profit.

Hold short with stop as indicated n only abv
0.8428 wud risk stronger gain twd 0.8475.

Resistance: 0.8428/0.8475/0.8516
Support: 0.8354/0.8309/0.8252
A little beginner trader since 2006
  • #21,945
  • Jun 1, 2010 5:35am Jun 1, 2010 5:35am
that was a good profit from 5 hours ago too now.
A little beginner trader since 2006
  • #21,946
  • Jun 1, 2010 5:40am Jun 1, 2010 5:40am
Quoting dongsky
are you trying to be funny???
lol i guess not
  • #21,947
  • Jun 1, 2010 7:07am Jun 1, 2010 7:07am
I'm short from 0.8440 hope it goes down.
  • #21,948
  • Jun 1, 2010 2:42pm Jun 1, 2010 2:42pm
May be from around 0.8340, it is more likely to down to around 0.82, and after that, it might have potentially to came back around 0.83...50

I sold nowwwwwwww

8295 for some 50 pips....
A little beginner trader since 2006
  • #21,949
  • Jun 1, 2010 8:04pm Jun 1, 2010 8:04pm
Closed my position at 0.8295. Very lucky.
  • #21,950
  • Jun 1, 2010 8:12pm Jun 1, 2010 8:12pm
@haymaker : not lucky, but a good decision.
  • #21,951
  • Jun 1, 2010 8:31pm Jun 1, 2010 8:31pm
Quoting yeri
@haymaker : not lucky, but a good decision.
Hi yeri, are you long or short for the aussie? What will be a good price to go long or short?
  • #21,952
  • Jun 1, 2010 9:20pm Jun 1, 2010 9:20pm
@haymaker: i'm retiring my self from this pair. my last trade from this pair is 1 month ago. i think it's still short. the US will raise their interest rate. and Chinese will revalue their yuan(i don't know when this will happen), with the EUR slump i believe there is more down movement for this pair. this is just m opinion.
i think a good level to short this pair is at 0.85xx for best profit.
i want to trade this pair again, but currently my margin is absorbed by USD/JPY and USD/CAD pair, but i'm still monitoring this pair also, in case i trade this pair again.
  • #21,953
  • Jun 1, 2010 9:27pm Jun 1, 2010 9:27pm
Quoting yeri
@haymaker: i'm retiring my self from this pair. my last trade from this pair is 1 month ago. i think it's still short. the US will raise their interest rate. and Chinese will revalue their yuan(i don't know when this will happen), with the EUR slump i believe there is more down movement for this pair. this is just m opinion.
i think a good level to short this pair is...
Thanks for your advice. Happy trading for all !
  • #21,954
  • Jun 1, 2010 11:14pm Jun 1, 2010 11:14pm
Quoting yeri
i think a good level to short this pair is at 0.85xx for best profit.
i want to trade this pair again, but currently my margin is absorbed by USD/JPY and USD/CAD pair, but i'm still monitoring this pair also, in case i trade this pair again.
I prefer the opposite approach. I think a good level to long this pair is at 0.825x. It is nearer and in my opinion faster to achieve and there is no risk (but there is return :-) ) with keeping the long position long. I firmly believe in par rate in the future for this pair.
  • #21,955
  • Jun 1, 2010 11:29pm Jun 1, 2010 11:29pm
Why is 825 a good lever ? By the way how can i post a chart ?
  • #21,956
  • Jun 2, 2010 12:16am Jun 2, 2010 12:16am
Went long at 0.8280. Closed at 0.8338. A happy day.
  • #21,957
  • Jun 2, 2010 12:43am Jun 2, 2010 12:43am
Quoting Tradaz
Why is 825 a good lever ? By the way how can i post a chart ?
Strong support area (0.8240 support line and 0.8250 round number line).
  • #21,958
  • Jun 2, 2010 6:29am Jun 2, 2010 6:29am
What is the current trend for this pair?

On H4 it's downtrend and on D1 it's up trend !!!!
  • #21,959
  • Jun 2, 2010 7:22am Jun 2, 2010 7:22am
Quoting darksorrow
What is the current trend for this pair?

On H4 it's downtrend and on D1 it's up trend !!!!
It is ranging between .8250 and .8350. For now there really is no trend.
  • #21,960
  • Jun 2, 2010 7:23am Jun 2, 2010 7:23am
Quoting darksorrow
On H4 it's downtrend and on D1 it's up trend !!!!
??? ... Try zooming your chart out a little bit...
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