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AUDUSD for informed traders

  • #121
  • Mar 21, 2011 12:48am Mar 21, 2011 12:48am
Quoting Anne Clare
Forex live has an interesting article about the expected battle next week.

http://www.forexlive.com/174470/all/...e-months-ahead

"Right now, the market is willing to pick a fight with the BOJ and the rest of the G7 to see if intervention is still a viable contingency in this massive market, one that has trebled in size in the last decade. Central banks have been reluctant to find out if their old tricks still work for fear of finding that they don’t. Once the perception of central...

Hi Anne,
Interesting, but take a look at this video…it makes sense to me.
And Japan will soon need lots of natural resources from Aus to rebuild.
http://www.youtube.com/watch?v=4vz345JnZUo&feature=player_detailpage
  • #122
  • Edited 2:44am Mar 21, 2011 2:25am | Edited 2:44am
bought some more 28
looking for 50
40 is being defended well
Biggest joker
  • #123
  • Mar 21, 2011 2:54am Mar 21, 2011 2:54am
Good enough for me, out of all longs for now, including last week, rest of night off, see you tomorrow, good luck
Biggest joker
  • #124
  • Mar 21, 2011 8:15am Mar 21, 2011 8:15am
Quoting FX-Petra
Went ahead and closed 2 lots @ 9925. Moved stop on other 2 lots to BE. Moving TP on those 2 lots up to 1.0050. I didn't think my longs from 9790 would pay off this fast, but I'll take it!!

Regards,
All postions now closed. Presently flat A/U... will watch for a break of 1.0080 for long, or a bounce off of 1.0020. Not looking for shorts right now. Good trades to all...

Regards,
  • #125
  • Mar 21, 2011 9:11am Mar 21, 2011 9:11am
Quoting FX-Petra
All postions now closed. Presently flat A/U... will watch for a break of 1.0080 for long, or a bounce off of 1.0020. Not looking for shorts right now. Good trades to all...

Regards,
Hey Petra. Good to see you over here. How's the trading been going?
  • #126
  • Mar 21, 2011 9:19am Mar 21, 2011 9:19am
Quoting Venice
Hey Petra. Good to see you over here. How's the trading been going?
I'm up for the year, but behind the pace I have set for myself. Maybe I'll hit a good stretch and my timing will be better. To be fair, no way I could have anticipated an eathquake, tsunami, and nuclear fallout that occured last week. Guess that's just the way it goes as a trader. Hope your trades are going well...

Regards,
  • #127
  • Mar 21, 2011 10:13am Mar 21, 2011 10:13am
You're never too oversold, in crisis, when you're currencies backed by gold.........Go Aussie!
  • #128
  • Mar 21, 2011 3:47pm Mar 21, 2011 3:47pm
If we can crack 1.0200, won't be any turning back for a while (i.e. the continuation pattern from Oct '10 looks set to follow through, given the depth and length of consolidation, this could be a very forceful and long lasting move north).

Very nice bearish activity on the EUR/AUD cross and a gap @ 1.3700-50. Market will likely sell this down through the floor if necessary to keep AU bouyant and travelling north. With US equities doing well and market recovered from the Japan situation, the underlying trend resumes.

They are both good trading, i.e. AU long and EUR/AUD short, good swaps and strong PA.
  • #129
  • Mar 21, 2011 7:33pm Mar 21, 2011 7:33pm
Let's see what Asia has to bring. Anyone have an Indi for shading time
Slots? Such as showing the 'day' periods on the chart on a 1h or 40m chart?
  • #130
  • Mar 21, 2011 8:20pm Mar 21, 2011 8:20pm
Quoting FX-Petra
All postions now closed. Presently flat A/U... will watch for a break of 1.0080 for long, or a bounce off of 1.0020. Not looking for shorts right now. Good trades to all...

Regards,
No new trades on this pair yet. Still waiting for a 1.0800 clean break or a good bounce of off 1.0020. As a side note-- took a short on EJ @ 115.50. Big resistance near that number, so from a R/R stance I had to take it. Good trades to all.

Regards,
  • #131
  • Mar 21, 2011 8:23pm Mar 21, 2011 8:23pm
Quoting FX-Petra
No new trades on this pair yet. Still waiting for a 1.0800 clean break or a good bounce of off 1.0020. As a side note-- took a short on EJ @ 115.50. Big resistance near that number, so from a R/R stance I had to take it. Good trades to all.

Regards,
I can sort of make out a really steep falling wedge on the 5m. This PA is a little cluttered at the moment.
  • #132
  • Mar 21, 2011 8:39pm Mar 21, 2011 8:39pm
Quoting Venice
I can sort of make out a really steep falling wedge on the 5m. This PA is a little cluttered at the moment.
Whoops. Stepped away for a few minutes, cleared the wedge upper TL and broke out.

I manage to always do that.
  • #133
  • Mar 21, 2011 8:57pm Mar 21, 2011 8:57pm
This is 15m
Attached Image (click to enlarge)
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  • #134
  • Mar 21, 2011 9:17pm Mar 21, 2011 9:17pm
Quoting SannaCBranno
This is 15m
Hmm....not sure about that for a short 15 minute play, sounds risky, I mean, it's in a total uptrend still until it breaks .995 So yeah you can go long, but I dunno, I don't have experience much watching this 3 inside up pattern, how often does it continue versus become invalid?
  • #135
  • Mar 21, 2011 9:39pm Mar 21, 2011 9:39pm
Sorry about that. Didn't follow through.

Quoting lolygagv2
Hmm....not sure about that for a short 15 minute play, sounds risky, I mean, it's in a total uptrend still until it breaks .995 So yeah you can go long, but I dunno, I don't have experience much watching this 3 inside up pattern, how often does it continue versus become invalid?
  • #136
  • Edited 1:59am Mar 22, 2011 1:52am | Edited 1:59am
looking for the possible short around 1.0100, risking around 20 pips if PA supports it...
Also interested in 6930 of the DAX if it happens tonight or tomorrow
Biggest joker
  • #137
  • Mar 22, 2011 2:14am Mar 22, 2011 2:14am
Closed my 0.9975 at 1.0090.
Strategy: 4 weeks trading.
I will close this for a day closing.

Pending:
1.0076
1.0158
  • #138
  • Mar 22, 2011 2:19am Mar 22, 2011 2:19am
one thrown in front of the bus, more if PA is right
Biggest joker
  • #139
  • Mar 22, 2011 2:27am Mar 22, 2011 2:27am
Weekly high on the Aussie. Closed all my positions on red, I've been stubborn on this pair, is just that my maths are all screw up or I'm facing new paradigms.
Attached Image (click to enlarge)
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  • #140
  • Mar 22, 2011 2:42am Mar 22, 2011 2:42am
Quoting evelee8
Closed my 0.9975 at 1.0090.
Strategy: 4 weeks trading.
I will close this for a day closing.

Pending:
1.0076
1.0158
Excellent trade!

IMHO it might retrace to 1.007 (previous resistance) before marching past 1.01 enroute to 1.02.
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