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AUD/USD

  • #28,321
  • Feb 28, 2011 10:49am Feb 28, 2011 10:49am
Pair's price approaching last high of February 2 and monthly resistance @ 1.0200. Sell limit here. Besides, there can be seen bearish divergence in H4 chart. SL - 15 pips. TP - 90 pips.
https://lh5.googleusercontent.com/-9.../audusd_d8.png
Regards,
suirad
  • #28,322
  • Feb 28, 2011 12:14pm Feb 28, 2011 12:14pm
Quoting suirad
Pair's price approaching last high of February 2 and monthly resistance @ 1.0200. Sell limit here. Besides, there can be seen bearish divergence in H4 chart. SL - 15 pips. TP - 90 pips.
https://lh5.googleusercontent.com/-9.../audusd_d8.png
Regards,
suirad
Nice trade from a R/R standpoint... and it may well work out. I would not and will not short this pair again until a break and retest of 9800. I am holding a long for 1.0230. When will it get there? Who knows!

Regards,
  • #28,323
  • Feb 28, 2011 12:35pm Feb 28, 2011 12:35pm
Quoting FX-Petra
Nice trade from a R/R standpoint... and it may well work out. I would not and will not short this pair again until a break and retest of 9800. I am holding a long for 1.0230. When will it get there? Who knows!

Regards,
what do U mean from R/R standpoint? shame i don't understand this.
it may go there, trend is up.

Regards
  • #28,324
  • Feb 28, 2011 12:36pm Feb 28, 2011 12:36pm
RBA rate decision tonight.
  • #28,325
  • Feb 28, 2011 12:42pm Feb 28, 2011 12:42pm
Quoting suirad
what do U mean from R/R standpoint? shame i don't understand this.
it may go there, trend is up.

Regards
He means minimal risk for the reward.

At this point, because of the upper trend line, he knows that if that breaks, he was wrong, which means he knows he is only risking a few pips.

However, if he is correct, the profit side in pips will be much greater, thus giving him an excellent risk to reward ratio.
  • #28,326
  • Feb 28, 2011 12:52pm Feb 28, 2011 12:52pm
Quoting Venice
He means minimal risk for the reward.

At this point, because of the upper trend line, he knows that if that breaks, he was wrong, which means he knows he is only risking a few pips.

However, if he is correct, the profit side in pips will be much greater, thus giving him an excellent risk to reward ratio.
Oh this RR :} doh, i know what is RR..
that standpoint word confused me..
Yep, the best is to lose five times less than profit is expected

Regards
  • #28,327
  • Feb 28, 2011 12:57pm Feb 28, 2011 12:57pm
I completely missed out on this current short opportunity. Only grabbed 5 pips total from it because I am . lol

PA has been kind of funny this week already.
  • #28,328
  • Feb 28, 2011 1:12pm Feb 28, 2011 1:12pm
Quoting Venice
I completely missed out on this current short opportunity. Only grabbed 5 pips total from it because I am . lol

PA has been kind of funny this week already.
Last day of the month so it's window dressing day for institutions. Today is only good for small scalps.
  • #28,329
  • Feb 28, 2011 1:14pm Feb 28, 2011 1:14pm
Quoting Venice
I completely missed out on this current short opportunity. Only grabbed 5 pips total from it because I am . lol

PA has been kind of funny this week already.
Not getting dug into a short postion on this pair is NOT chicken. It is a necessity for account preservation!

Regards,
  • #28,330
  • Feb 28, 2011 1:23pm Feb 28, 2011 1:23pm
Quoting FX-Petra
Not getting dug into a short postion on this pair is NOT chicken. It is a necessity for account preservation!

Regards,

Yup. Oh yeah, this one always has a tight leash when it comes to shorts. I think both you and I smacked our account around a little bit this year so far trying to setup long term shorts.

I'm only going to focus on longs for the longer term trades for this pair from here on out.
  • #28,331
  • Feb 28, 2011 1:35pm Feb 28, 2011 1:35pm
Anyone else think A/U has been far more volatile through the day then E/U?
  • #28,332
  • Feb 28, 2011 1:56pm Feb 28, 2011 1:56pm
Quoting Venice
Anyone else think A/U has been far more volatile through the day then E/U?
The Aussie has the parity issue with the US$ if anything.
  • #28,333
  • Feb 28, 2011 4:43pm Feb 28, 2011 4:43pm
Does that look really bullish or is it just me?
Yes we're a long way up but so what,
theres cash for free just for holding the bloody thing.
With it's swap rate how can anyone hold a
short for more than maybe a day or two, I'm sure thats just put the kiss of death on it,sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie monthly.gif Size: 9 KB
You can remain irrational longer than you can remain solvent.
  • #28,334
  • Feb 28, 2011 5:20pm Feb 28, 2011 5:20pm
Does that really look shortable?
Attached Image (click to enlarge)
Click to Enlarge Name: aussie monthly1.gif Size: 11 KB
You can remain irrational longer than you can remain solvent.
  • #28,335
  • Feb 28, 2011 5:39pm Feb 28, 2011 5:39pm
Somehow ... Flood haven't got any effect on Austrilia???
Is there something really going on there?
China is tightening ? growth slower than forecast before...
The only thing that keep this pair going is because
of the Libya situation right now .....
  • #28,336
  • Feb 28, 2011 5:40pm Feb 28, 2011 5:40pm
Your chart shown resistant @ 1.018++. If you are already Long, I will take profit and run and may be Short. As someone already said, it has parity issues. Good luck man if you are going Long now!
  • #28,337
  • Feb 28, 2011 6:07pm Feb 28, 2011 6:07pm
Quoting E.t
Your chart shown resistant @ 1.018++. If you are already Long, I will take profit and run and may be Short. As someone already said, it has parity issues. Good luck man if you are going Long now!
I am long now.
  • #28,338
  • Feb 28, 2011 6:08pm Feb 28, 2011 6:08pm
Quoting aarontdang
Somehow ... Flood haven't got any effect on Austrilia???
Is there something really going on there?
China is tightening ? growth slower than forecast before...
The only thing that keep this pair going is because
of the Libya situation right now .....
this pair has always an excuse to go north. but are there real excuses or would it go north either way? too much speculation in forex. that's all i think.
  • #28,339
  • Feb 28, 2011 6:22pm Feb 28, 2011 6:22pm
Welp, I got nothing out of this PA.
  • #28,340
  • Feb 28, 2011 6:36pm Feb 28, 2011 6:36pm
Quoting Venice
Anyone else think A/U has been far more volatile through the day then E/U?

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