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AUD/USD

  • #31,361
  • Jul 26, 2011 3:35am Jul 26, 2011 3:35am
My short was triggered!


Quoting Pipx
I have a sell limit order resting at 10938

SL 11038 (above recent high)
TP1 10795 (above support and near 38.2 retracement of recent AB=CD move)

Represents a risk reward of about 1=1.40

It may go as high as 10956 where there are a couple of fib extensions and also weekly pivot R1..........it may even break structure and stop me out, but as my other trades this is a high probability set up.

If it retraces before about 10950 you could argue there is also a head and shoulders pattern
  • #31,362
  • Jul 26, 2011 3:41am Jul 26, 2011 3:41am
Quoting Jazznos
Im sure the R:R IS to your liking! I dont know personally, AUD, EUR and Cable have all been fucked for the past few days, and only today have we seen some breakout moves. AUD has reached my fib target today but after being stopped out twice i missed it.

2nd target is showing at 1.0974 so who knows maybe 1.1 is within reach again. The possibility of US default i would have thought means all our usual pairs will go through the roof against it, but youd like to think they wont let it come to that but theres so much political posturing involved...
great pair to trade lately.. ive got shorts still making pips from 1.4700
  • #31,363
  • Jul 26, 2011 3:46am Jul 26, 2011 3:46am
Quoting Wulfgar
great pair to trade lately.. ive got shorts still making pips from 1.4700
Hey bro... holy crap thats insane.... this current upmove has spooked me a bit, my SL is now about 40 pips away... considering adding a position but just dont know how far up it will go... grrrrrr....
  • #31,364
  • Jul 26, 2011 3:50am Jul 26, 2011 3:50am
1,0922 will hold or not
  • #31,365
  • Jul 26, 2011 4:08am Jul 26, 2011 4:08am
Quoting Jazznos
Hey bro... holy crap thats insane.... this current upmove has spooked me a bit, my SL is now about 40 pips away... considering adding a position but just dont know how far up it will go... grrrrrr....

this type of news tends to be transitory( love that term)...as long as the CHF stays heavy Ill keep buying it against everything...

people tryin to call a bottom on the swissy pairs are fighting a really tough uphill battle...
  • #31,366
  • Jul 26, 2011 4:24am Jul 26, 2011 4:24am
Quoting Wulfgar
this type of news tends to be transitory( love that term)...as long as the CHF stays heavy Ill keep buying it against everything...

people tryin to call a bottom on the swissy pairs are fighting a really tough uphill battle...
Well i tied another one on at 3158... so far so good... hope youre right about all that.. i never traded swissy at all up till this, cant believe how price is just one huge never ending (it seems) downtrend! it behaves nicely with my fibs so it seems, so hope this will provide some bread and butter till everything settles down which i hope it will some day!!!! GL
  • #31,367
  • Jul 26, 2011 4:54am Jul 26, 2011 4:54am
Quoting VennD
sorry .. was away ... hmmm... upward momentum is still there ... can't short yet.
Have no idea what price to short....
  • #31,368
  • Jul 26, 2011 5:15am Jul 26, 2011 5:15am
Quoting Wulfgar
people tryin to call a bottom on the swissy pairs are fighting a really tough uphill battle...
Same like people trying to pick the top on the aussie
Don't get mad, get even!
  • #31,369
  • Jul 26, 2011 5:27am Jul 26, 2011 5:27am
This the top now for real. I'm calling it.
  • #31,370
  • Jul 26, 2011 5:28am Jul 26, 2011 5:28am
Quoting 2+2=4ex
This the top now for real. I'm calling it.
?^^
Hero calls followed by margin calls...
  • #31,371
  • Jul 26, 2011 5:30am Jul 26, 2011 5:30am
Quoting PhAnTi'
?^^
I'm just messing with the creature.
  • #31,372
  • Jul 26, 2011 5:31am Jul 26, 2011 5:31am
i still think if US consumer confidence misses badly( which is highly likely)... AU could pop its top....
  • #31,373
  • Jul 26, 2011 5:37am Jul 26, 2011 5:37am
Good to short 1.0940-1.0950

Target: 1.0800-1.0830
  • #31,374
  • Jul 26, 2011 6:05am Jul 26, 2011 6:05am
Quoting HandsFx
Good to short 1.0940-1.0950

Target: 1.0800-1.0830
Risk reward favors shorting AU... 1.1012 was previous high...

short au with sl of 1.1021
  • #31,375
  • Jul 26, 2011 6:10am Jul 26, 2011 6:10am
Quoting HandsFx
Good to short 1.0940-1.0950

Target: 1.0800-1.0830
And why is that?
Don't get mad, get even!
  • #31,376
  • Jul 26, 2011 7:09am Jul 26, 2011 7:09am
Quoting audangel
Have no idea what price to short....
Still strong upward ... atm ... im also waiting for it
  • #31,377
  • Jul 26, 2011 7:12am Jul 26, 2011 7:12am
Quoting VennD
Still strong upward ... atm ... im also waiting for it

I m keeping doing scalping... maybe when the US data release tonight, AUD will reach 1.1...

The gal said AUD will reach 960 is right
  • #31,378
  • Jul 26, 2011 7:33am Jul 26, 2011 7:33am
Quoting audangel
I m keeping doing scalping... maybe when the US data release tonight, AUD will reach 1.1...

The gal said AUD will reach 960 is right
if reach 1.1..i think bearish will take place..short at that time will be good enough..
  • #31,379
  • Jul 26, 2011 7:40am Jul 26, 2011 7:40am
I don't know, but at least in my experience, calling tops and bottoms has killed me in my previous life. In my opinion, is this the top? I doubt it.

Quoting 2+2=4ex
This the top now for real. I'm calling it.
Trade what you see, not what you think!
  • #31,380
  • Jul 26, 2011 7:51am Jul 26, 2011 7:51am
Quoting OMGtrader
I don't know, but at least in my experience, calling tops and bottoms has killed me in my previous life. In my opinion, is this the top? I doubt it.
Let them blow their accounts, it's obviously the only way some people learn.
Don't get mad, get even!
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