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AUD/USD

  • #27,081
  • Jan 11, 2011 2:58pm Jan 11, 2011 2:58pm
I'd like a pullback to weekly S1 9833 so I can short again
  • #27,082
  • Jan 11, 2011 3:02pm Jan 11, 2011 3:02pm
.9931 is too early short ..... it will recover more when the news come...i'll wait until after the news..this pair tend to move a wide range ... so get in the trend after the news would be nices....
negative news on this pair will go down like crazy....
  • #27,083
  • Jan 11, 2011 3:12pm Jan 11, 2011 3:12pm
Quoting SpartanTrade
I'd like a pullback to weekly S1 9833 so I can short again
I am expecting that area, but I am not taking just 1 short, I scale in on the retrace, and have certain entry and exits already planned out for cycle here.

If it does not perform, I will not trade.

All in time...

Cheers.
  • #27,084
  • Jan 11, 2011 3:38pm Jan 11, 2011 3:38pm
aud/usd should see 0.9900 the next 24 hours
  • #27,085
  • Jan 11, 2011 3:57pm Jan 11, 2011 3:57pm
short small size @98.21 cents eagerly waiting for the news
  • #27,086
  • Jan 11, 2011 4:05pm Jan 11, 2011 4:05pm
After the low was formed and the trends were set, I took the long off the 5min into Asia open. +12 pips.

2 trades today with nice easy patterns.

Now let's see how much Asia can run it up before it gets hit with shorts again.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Long Asia.jpg Size: 125 KB
  • #27,087
  • Jan 11, 2011 4:06pm Jan 11, 2011 4:06pm
That looks like a bear flag to me.
  • #27,088
  • Jan 11, 2011 4:12pm Jan 11, 2011 4:12pm
Quoting monarch
After the low was formed and the trends were set, I took the long off the 5min into Asia open. +12 pips.

2 trades today with nice easy patterns.

Now let's see how much Asia can run it up before it gets hit with shorts again.
Currently respecting the 38.2. I'm out until at least 8:00 and the news gets a chance to settle in.
  • #27,089
  • Jan 11, 2011 4:14pm Jan 11, 2011 4:14pm
Quoting Venice
Currently respecting the 38.2. I'm out until at least 8:00 and the news gets a chance to settle in.
38.2 a no go... haha. It just needed me to say something first... We could see as high as 9909 tonight though. Always watch the different levels and never say price can never do anything.
  • #27,090
  • Jan 11, 2011 4:18pm Jan 11, 2011 4:18pm
Im waiting for/hoping for a run up to 9850 area before I short. If the news on home loans is bad, then Ill short after the close of the first bearish 5 min Randy Candle. Even if Home loans news is good, Im still looking to let it run up to 9887 Support turned Resistance and short at that level. Either way, right now, I am only take short positions.

Ill leave the longs for all you scalpers out there!
  • #27,091
  • Jan 11, 2011 4:21pm Jan 11, 2011 4:21pm
Quoting Venice
Currently respecting the 38.2. I'm out until at least 8:00 and the news gets a chance to settle in.
Yes, that was my idea here on this short, had the area market, and it went along with my trend line on the upper side.

Took +7 something on it.

Price is still dipping, figured we would get one more test higher, so I exited it rather quickly this time.

3 simple trades in 2 hours, nothing to write home about, but +29 pips is still good to have.

Cheers Venice
Attached Image (click to enlarge)
Click to Enlarge Name: AU Short.jpg Size: 127 KB
  • #27,092
  • Jan 11, 2011 4:26pm Jan 11, 2011 4:26pm
Quoting monarch
Yes, that was my idea here on this short, had the area market, and it went along with my trend line on the upper side.

Took +7 something on it.

Price is still dipping, figured we would get one more test higher, so I exited it rather quickly this time.

3 simple trades in 2 hours, nothing to write home about, but +29 pips is still good to have.

Cheers Venice
Excellent stuff! 29 pips is very nice!
  • #27,093
  • Jan 11, 2011 4:30pm Jan 11, 2011 4:30pm
what the duck?
Logics do not apply in FOREX
  • #27,094
  • Jan 11, 2011 4:31pm Jan 11, 2011 4:31pm
Quoting Zuke
Excellent stuff! 29 pips is very nice!
It was only because the support was strong here, and the setup/patterns were right on.

I prefer shorts over longs here, but the patterns were there.

I am waiting for a higher spike now for more short setups, not interested in longs now.

I can see the hourly is bullish so far, but it is a big mountain there on the past 2 hours of bearish pressure.

I will try to give some more charts as it approaches.

Note: I missed my 45 short when I was posting this, it hit hard and sold off 10 pips in speedy time.... well, there is more to get.

Cheers.
  • #27,095
  • Jan 11, 2011 4:31pm Jan 11, 2011 4:31pm
+2.5% vs -1.2 consensus. Thats ok...just provides more ammo for my short later!! hee hee
  • #27,096
  • Jan 11, 2011 4:31pm Jan 11, 2011 4:31pm
+2.5%, how about that...
  • #27,097
  • Jan 11, 2011 4:32pm Jan 11, 2011 4:32pm
I'll sit out ..very strong home... but trend reverse???/
  • #27,098
  • Jan 11, 2011 4:33pm Jan 11, 2011 4:33pm
Quoting Zuke
Im waiting for/hoping for a run up to 9850 area before I short. If the news on home loans is bad, then Ill short after the close of the first bearish 5 min Randy Candle. Even if Home loans news is good, Im still looking to let it run up to 9887 Support turned Resistance and short at that level. Either way, right now, I am only take short positions.

Ill leave the longs for all you scalpers out there!
What is a Randy Candle? thanks
  • #27,099
  • Jan 11, 2011 4:33pm Jan 11, 2011 4:33pm
Quoting aarontdang
I'll sit out ..very strong home... but trend reverse???/
Which trend? Overall trend, absolutely not.
  • #27,100
  • Jan 11, 2011 4:34pm Jan 11, 2011 4:34pm
hi mates to all, maybe we shouldnt be looking at home loans... home sales perhaps?
Logics do not apply in FOREX
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