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AUDUSD for informed traders

  • #141
  • Mar 22, 2011 2:48am Mar 22, 2011 2:48am
Quoting kandarv
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.
Seems like AUD will be staying above parity for some time. Every time I short this pair I end up getting burnt lately. Have to learn to respect the Aussie bull from now.
  • #142
  • Edited 4:17am Mar 22, 2011 3:46am | Edited 4:17am
Quoting skipismad
IMHO it might retrace to 1.007 (previous resistance) before marching past 1.01 enroute to 1.02.
Didn't get a chance to jump on this bull-cart...

Waiting patiently for the next opportunity...
  • #143
  • Mar 22, 2011 7:44am Mar 22, 2011 7:44am
1.0072 closed at 1.0015
Possible down trend detected.

AUD/USD trade at 1.0123 now.

One last stop:
1.0178
  • #144
  • Mar 22, 2011 1:02pm Mar 22, 2011 1:02pm
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,
Go long last night 3 lots @ 1.0085 on the break up. Stops below 1.0020. Tp on all 3 @ 1.0170. Not going to mess with 1.0200. Will buy a clean break or wait for another bounce off pull back. Good trades to all.

regards,
  • #145
  • Edited 2:18pm Mar 22, 2011 2:17pm | Edited 2:18pm
One more crack at a short at 1.0140
Long DAX 6800
Biggest joker
  • #146
  • Mar 22, 2011 8:30pm Mar 22, 2011 8:30pm
Quoting skipismad
Excellent trade!

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

Ya - I have TP my 1.0076 @ 1.0115.
  • #147
  • Mar 22, 2011 8:38pm Mar 22, 2011 8:38pm
erm.. graph shown strong support sign @ 1.0084.
Long @ 1.0075
TP @ 1.0115

Good luck to all traders. ^^

Event on the risk (Below are market expectation):
USD New Home Sales - exp > 291K
AUD CB Leading Index m/m - exp > 0.7%
AUD RBA Financial Stability Review - exp hawkish statement
  • #148
  • Mar 22, 2011 9:21pm Mar 22, 2011 9:21pm
Quoting FX-Petra
Go long last night 3 lots @ 1.0085 on the break up. Stops below 1.0020. Tp on all 3 @ 1.0170. Not going to mess with 1.0200. Will buy a clean break or wait for another bounce off pull back. Good trades to all.

regards,
Nice dip down to 1.0063. Did not add anything. Seems to be holding and turning back north. Will feel a lot more comfortable w/ my longs above 1.0000. Holding for 1.0170 area.

Regards,
  • #149
  • Mar 22, 2011 11:16pm Mar 22, 2011 11:16pm
I am still holding.

Fx-Petra - nice hold. =P
  • #150
  • Mar 23, 2011 12:39am Mar 23, 2011 12:39am
A few more shorts looking for 1.0050ish as initial target
Biggest joker
  • #151
  • Mar 23, 2011 2:17am Mar 23, 2011 2:17am
added one more to DAX, cut off below 50, it is not looking that good ATM
Biggest joker
  • #152
  • Edited 6:10am Mar 23, 2011 4:43am | Edited 6:10am
Quoting evelee8
erm.. graph shown strong support sign @ 1.0084.
Long @ 1.0075
TP @ 1.0115

Good luck to all traders. ^^

Event on the risk (Below are market expectation):
USD New Home Sales - exp > 291K
AUD CB Leading Index m/m - exp > 0.7%
AUD RBA Financial Stability Review - exp hawkish statement
Looks like you have achieved your TP again...
  • #153
  • Mar 23, 2011 7:07am Mar 23, 2011 7:07am
Quoting skipismad
Looks like you have achieved your TP again...
No wor.
Extend my TP to 1.0170. =D
Today i do not think i will close my position unless it hit 1.0170.
I would like to get some interest pay back by holding my Long since today the rate is High =X
But tomorrow maybe I will adjust my TP again..
see how..
  • #154
  • Mar 23, 2011 7:35am Mar 23, 2011 7:35am
Sorry guys and girls - i lazy to post graph.
Pardon me for not doing that.. =P

Current Trend: Slighly bearish
Graph shown that it is extremely oversold. (still many people short-ing this pair )
Moving Averages

EMA5 EMA10 EMA20 EMA50 SMA100 SMA200
Value 1.01 1.0102 1.0101 1.0098 1.0101 1.0082
BIAS Neutral Neutral Neutral Buy Neutral Buy
  • #155
  • Mar 23, 2011 8:06am Mar 23, 2011 8:06am
Hard to believe after this big run up from 9710 that we will not at least test 1.0150, if not the topside. However, Price Action is pretty concerning if you are long. I am moving my stops up from 1.0020 to 1.0050. I fear if 1.0060 gives way, there will be a good deal more downside. Equity futures are not inspiring much confidence ATM.

Regards,
  • #156
  • Mar 23, 2011 2:03pm Mar 23, 2011 2:03pm
Holy price action, batman! We did make 1.0150 today! I went ahead and took 1 lot profit from 1.0085. Holding the other 2 for 1.0170, with stops moved to 1.0100. And if we don't make 1.0170 before close, I'll get triple intrest as well! Think I will take the wife out for an ice cream cone tonight! Good trades to all....

regards,
  • #157
  • Mar 23, 2011 2:07pm Mar 23, 2011 2:07pm
Quoting FX-Petra
Holy price action, batman! We did make 1.0150 today! I went ahead and took 1 lot profit from 1.0085. Holding the other 2 for 1.0170, with stops moved to 1.0100. And if we don't make 1.0170 before close, I'll get triple intrest as well! Think I will take the wife out for an ice cream cone tonight! Good trades to all....

regards,
Such a big spender with all your winners. lol Good job mate... I haven't touched this pair since this last bull run other then a few slices.
  • #158
  • Mar 23, 2011 2:24pm Mar 23, 2011 2:24pm
Quoting Venice
Such a big spender with all your winners. lol Good job mate... I haven't touched this pair since this last bull run other then a few slices.
Thanks Venice! Find a good spot you like on a pull back and get long! The water is fine in here! There should be plenty of good pull backs along the way--- but with the G-7 intervening for the yen, Japan having to rebuild, and commodities going up up and away, it's hard to see how we will not make new highs in the comming months.

Regards,

ps.-- my wife and I are not presently spending forex profits... we are banking them and trying for early retirement. She knows that all that I have is hers! Right now she is happy to save the $$$.
  • #159
  • Mar 23, 2011 2:29pm Mar 23, 2011 2:29pm
Quoting FX-Petra
Thanks Venice! Find a good spot you like on a pull back and get long! The water is fine in here! There should be plenty of good pull backs along the way--- but with the G-7 intervening for the yen, Japan having to rebuild, and commodities going up up and away, it's hard to see how we will not make new highs in the comming months.

Regards,

ps.-- my wife and I are not presently spending forex profits... we are banking them and trying for early retirement. She knows that all that I have is hers! Right now she is happy to save the $$$.
Well done!! Does she trade with you?!?

That's what I want to find... a chick into the markets.

I can see the arguments now... definitely not ones of normal couples... LOL

It's going up!!! No hunney, it's going down.... I TOLD YOU SO!!!
  • #160
  • Mar 23, 2011 2:32pm Mar 23, 2011 2:32pm
Quoting Venice
Well done!! Does she trade with you?!?

That's what I want to find... a chick into the markets.

I can see the arguments now... definitely not ones of normal couples... LOL

It's going up!!! No hunney, it's going down.... I TOLD YOU SO!!!
LOL !
Make your losses in demo. Earn your profits live.
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