Nice plan!! looking for the 1.0203 to break as long as .9944 hold. Below that then we could see .9750 before the 1.0203 break to the upside.
Attached Image (click to enlarge)
- #28,662
- Mar 12, 2011 1:42pm Mar 12, 2011 1:42pm
Does anyone think the aud/usd will pair again soon? On the hike above 1.0100 I took a rather long position and found myself sitting nicely, just want to know if its advisable to pull out whilst I am ahead or can I see further profits?
Haven't shorted A/U yet, I would like to see what A/U does around 1.0170. If I short, my stop will be somewhere above 1.02.
- #28,664
- Mar 12, 2011 3:47pm Mar 12, 2011 3:47pm
- | Joined Apr 2010 | Status: 888 | 1,664 Posts
You can remain irrational longer than you can remain solvent.
Big overall picture of the weekly:
Definitely screams for going long.
Zoomed in on the weekly:
Any bears here?
Looking at the daily:
Wow, besides myself somebody is really buying dips like they can't get enough. The AUD is here to stay my friends. For months now it has been one of the easiest pairs to trade because of such underlying strength and the huge positive swap. Beni Heli will be the last man standing on this earth raising rates and if you like rumors QE3 is on the cards which is good for Wall Street and bad for the US$.
Definitely screams for going long.
Zoomed in on the weekly:
Any bears here?
Looking at the daily:
Wow, besides myself somebody is really buying dips like they can't get enough. The AUD is here to stay my friends. For months now it has been one of the easiest pairs to trade because of such underlying strength and the huge positive swap. Beni Heli will be the last man standing on this earth raising rates and if you like rumors QE3 is on the cards which is good for Wall Street and bad for the US$.
- #28,666
- Mar 12, 2011 4:23pm Mar 12, 2011 4:23pm
I'm not ely.... but let's give this a shot. Anyone can see that the 9970 area has become strong support. After that, 9800. To the topside we have 1.0200 and 1.0250. Therefore:
1. Longs only until a daily close below 9800
2. Buy dips. I will buy in the following areas. My postion size is 1 lot:
-- 1/2 postion between 1.0080 and 1.0100
-- 1/2 postion near parity
-- 2 full lots near 9970 (close one on a daily close below 9940)
-- 1 full lot near 9860
-- 2 full lots @ 9810
Emergency stop @ 9750 on all postions.
3. Buy Topside breaks.
-- 1 lot on a...
Are all of the above limit/stop positions already placed? or a trading plan for the week? if and when sort off?
I trade differently, i will most likely not trade the open, will check through the day, with a bit of luck the price will not shoot off without a re trace to (preferably) somewhere like 1.0060.
But knowing that price can throw a lot of surprises it is likely it will make new high (above 1.0200) without re trace.
Observing how price has moved during the Asian session will give me the cue for entry, which may be a long most likely or it could be a short depending on how PA is at the brake of the resistance(1.0200ish).
When trade is entered i will tell you what i plan to do with it.
Many sweet warm regards
Biggest joker
- #28,670
- Mar 13, 2011 8:38am Mar 13, 2011 8:38am
Big overall picture of the weekly:
Attachment
Definitely screams for going long.
Zoomed in on the weekly:
Attachment
Any bears here?
Looking at the daily:
Attachment
Wow, besides myself somebody is really buying dips like they can't get enough. The AUD is here to stay my friends. For months now it has been one of the easiest pairs to trade because of such underlying strength and the huge positive swap. Beni Heli will be the last man standing on this earth raising rates and if you like rumors QE3 is on...
only an analysis, and I'm always wrong,
don't follow me,
- #28,679
- Mar 13, 2011 11:09pm Mar 13, 2011 11:09pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
