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  • #1,081
  • Jul 26, 2011 12:10pm Jul 26, 2011 12:10pm
I was contemplating a sneaky short at 1.452 but not much of profit taking atm... so closed it with only a few pips in profit.

Does this mean that further move up is on the table? May be during Asian session??

Today I was expecting to see at least 1.444. We never reached it, meaning the bulls are pretty much in control. There isn't much resistance between 1.452 and 1.46 (I have 1.455) so R:R is probably better to the upside.

On the other hand, I have this DT on H1 and MACD Bearish HD, which are usually quite reliable... A decision made in DC could bring the fiber down...

So I think it's safer for me to put my greed aside and take it as it comes tomorrow. not trading = not loosing money so I suspect, it's the best I can do if i want to sleep tonight


Have a good evening all
  • #1,082
  • Jul 26, 2011 1:46pm Jul 26, 2011 1:46pm
Good morning!

What do I wake up to: -5C in Canberra this morning
No debt ceiling agreement in sight yet?
Gold $1620?
Up for another interesting day...

Will the Aussie top it's all-time high of 1.101 after today's CPI? I'm keeping a long since 1.0890
Don't get mad, get even!
  • #1,083
  • Jul 26, 2011 4:53pm Jul 26, 2011 4:53pm
GUYS.


Stick to trading.

See you in the morning.

T
  • #1,084
  • Jul 26, 2011 6:32pm Jul 26, 2011 6:32pm
Quoting stulic
Will the Aussie top it's all-time high of 1.101 after today's CPI? I'm keeping a long since 1.0890
Attached Image (click to enlarge)
Click to Enlarge Name: aussie27072.gif Size: 15 KB
Don't get mad, get even!
  • #1,085
  • Jul 26, 2011 8:00pm Jul 26, 2011 8:00pm
Quoting stulic
Juicy!
  • #1,086
  • Jul 26, 2011 11:10pm Jul 26, 2011 11:10pm
Quoting stulic
Very good indeed.
  • #1,087
  • Jul 26, 2011 11:25pm Jul 26, 2011 11:25pm
Nothing much has happened overnight for EU pair except that 4526 was broken but subsequently held and pushed the price back below.

Levels are same as yesterday. If 4526 gets broken target is 4555
  • #1,088
  • Jul 26, 2011 11:48pm Jul 26, 2011 11:48pm
Quoting T@rantula
Nothing much has happened overnight for EU pair except that 4526 was broken but subsequently held and pushed the price back below.

Levels are same as yesterday. If 4526 gets broken target is 4555
Well we could use some healthy retrace if any...
  • #1,089
  • Jul 26, 2011 11:57pm Jul 26, 2011 11:57pm
Quoting T@rantula
Very good indeed.
Thx, I've still got it running with 130 pips locked in and 30 trailing, might be too greedy of an assumption but London should push it past 1.11 today.
TP is 1.12 for just in case

Wouldn't mind a healthy retrace somewhere else for a better entry.
Don't get mad, get even!
  • #1,090
  • Jul 27, 2011 12:17am Jul 27, 2011 12:17am
New high in making.
Don't get mad, get even!
  • #1,091
  • Jul 27, 2011 12:20am Jul 27, 2011 12:20am
yes, this is profit taking from yesterday.
I'm long 1.448, SL 1.446
Target 1 .1525, Target 2:1.4555, Target 3: 1.462

Quoting stulic
New high in making.
  • #1,092
  • Jul 27, 2011 12:25am Jul 27, 2011 12:25am
Quoting BrunargarFx
yes, this is profit taking from yesterday.
I'm long 1.448, SL 1.446
Target 1 .1525, Target 2:1.4555, Target 3: 1.462
I was referring more to the aussie fresh new all-time high @1.107
Don't get mad, get even!
  • #1,093
  • Jul 27, 2011 12:29am Jul 27, 2011 12:29am
hahah, I just realized that.
Quoting stulic
I was referring more to the aussie fresh new all-time high @1.107
  • #1,094
  • Jul 27, 2011 1:35am Jul 27, 2011 1:35am
Selling the aussie again soon.
My main two reasons:
1. Price is going up on low volume (but this might be only my broker, gonna check it later on futures volume)
2. I got Weekly and Monthly Bearish Crab Harmonic Pattern.

And one more FA reason to consider: signs that China is seeing a (broadly welcome) slowdown that will affect AUDUSD.

It is super long term trade with small lots and I will add on the way down.

Fundamentals and patience is the key.

I need good Ellitt Wave Count on AUDUSD as well...


Anyway, what the hell do I know.


Seb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-h1.jpg Size: 105 KB
Click to Enlarge Name: audusd-monthly.jpg Size: 130 KB
  • #1,095
  • Jul 27, 2011 1:40am Jul 27, 2011 1:40am
Quoting Flynchenberg
Selling the aussie again soon.
My main two reasons:
1. Price is going up on low volume (but this might be only my broker, gonna check it later on futures volume)
2. I got Weekly and Monthly Bearish Crab Harmonic Pattern.

And one more FA reason to consider: signs that China is seeing a (broadly welcome) slowdown that will affect AUDUSD.

It is super long term trade with small lots and I will add on the way down.

Fundamentals and patience is the key.
Sorry but everything else might be alright as a reason for me, except that weekly/monthly crab, or should it be called the crap pattern
How many times does it need to be invalidated to be proven as a useless illusion?
Don't get mad, get even!
  • #1,096
  • Jul 27, 2011 1:51am Jul 27, 2011 1:51am
At the time being range is 4470-4510.

For the time being best entry was buy close to 4470. Stops should be placed at 4445 for longs into support.

4526 is holding firm.

Im into scalping mode thus the lack of entry exit signals.
  • #1,097
  • Jul 27, 2011 2:34am Jul 27, 2011 2:34am
Moved SL to 1.4485 , 1.4492 still acting as S/R
If crossed, will only consider longs at the dips.

Quoting BrunargarFx
yes, this is profit taking from yesterday.
I'm long 1.448, SL 1.446
Target 1 .1525, Target 2:1.4555, Target 3: 1.462
  • #1,098
  • Jul 27, 2011 2:46am Jul 27, 2011 2:46am
Stopped: +5 pips...
1.451 is 61.8% fibo from this morning move (so far) and 1.4492 is 38.2% so both are critical numbers.

Quoting BrunargarFx
Moved SL to 1.4485 , 1.4492 still acting as S/R
If crossed, will only consider longs at the dips.
  • #1,099
  • Jul 27, 2011 2:49am Jul 27, 2011 2:49am
Quoting BrunargarFx
Stopped: +5 pips...
1.451 is 61.8% fibo from this morning move (so far) and 1.4492 is 38.2% so both are critical numbers.
1.4496 is a strong level yes
  • #1,100
  • Jul 27, 2011 3:24am Jul 27, 2011 3:24am
Waiting for e/u and g/u to reverse around their 55h EMAs. That'd be 1.4455 and 1.6366.
Would trigger both longs with 12 pips SL's.
Don't get mad, get even!
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