Use me as a contrarian indicator 
- #32,862
- Edited 9:28am Sep 1, 2011 8:19am | Edited 9:28am
- | Joined Feb 2010 | Status: Trader | 1,085 Posts
Use me as a contrarian indicator
- #32,864
- Sep 1, 2011 9:25am Sep 1, 2011 9:25am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
I did not buy the news spike, but bought a lot on the retest of 0720. I had a 1/2 lot from 0610, a 1/2 lot from 0650, and a full lot at 0720. I went ahead and closed all @ 0755. Yes, I am giving up 20 pips to the upside for a test of 0780, but I decided to take the nice profit and remove risk off the table. Looking now to buy a dip below 0720 or a clean break of 0780. If it does not happen before next week, that is ok. A risk free weekend sounds good to me! Good trades to all....
Regards,
a good plan .agreed!!!. i do not know whether will price break the 1.0770---1.0780. but i prefer to believe a bear AUD .i will not short ,just guess.
A chart helps those who can read it.
- #32,865
- Sep 1, 2011 9:33am Sep 1, 2011 9:33am
- Joined Sep 2007 | Status: Trader | 1,673 Posts
Regards,
- #32,866
- Edited 10:33am Sep 1, 2011 9:55am | Edited 10:33am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,867
- Sep 1, 2011 3:08pm Sep 1, 2011 3:08pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
... only maintain long @ 626 and .... still lurking around where to park one short inorder to secure the pips gain on long ...
...
I dream that ... my final short will be some where around 1.1250 / 1.1330
- #32,868
- Sep 1, 2011 3:35pm Sep 1, 2011 3:35pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,870
- Sep 1, 2011 4:12pm Sep 1, 2011 4:12pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
Lasty ... SNB said ... " ... no comment ! " . ... and I took it as they doesn't care anymore (as of now) if CHF will appreciate further ... (bought CHF)
I went short on ...
AUD/CHF @ 0.8749
EUR/CHF @ 1.1895 + 1.1838
GBP/CHF @ 1.3347
USD/CHF ( maybe later )
I'll reassess next week once I stop the bleeding
- #32,871
- Sep 1, 2011 4:31pm Sep 1, 2011 4:31pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD/USD 1.0725
Break of 1.0735 and we had a brief look at the next resistance zone but selling order well placed ahead of 1.0780.
On a political note the Australian PM Gillard is under pressure to resign over her bumbling political policies.
The leftwing govt is in a hung formation fragile supported by 3 independants.
It could fall which means conservative right to regain power and the scrapping of proposed taxes like CO2 tax and Mining Tax gone..
Positive for Australia if this happens and more investment inbound.
AUD/CHF .8525
CHF is being bought again to my dismay.
Its going to be an interesting few sessions ahead which no doubt will see my p/l have open heart surgery.
Im personally banning swiss chocolates and garden gnomes for the timebeing.
Good luck and nice weekend..
Break of 1.0735 and we had a brief look at the next resistance zone but selling order well placed ahead of 1.0780.
On a political note the Australian PM Gillard is under pressure to resign over her bumbling political policies.
The leftwing govt is in a hung formation fragile supported by 3 independants.
It could fall which means conservative right to regain power and the scrapping of proposed taxes like CO2 tax and Mining Tax gone..
Positive for Australia if this happens and more investment inbound.
AUD/CHF .8525
CHF is being bought again to my dismay.
Its going to be an interesting few sessions ahead which no doubt will see my p/l have open heart surgery.
Im personally banning swiss chocolates and garden gnomes for the timebeing.
Good luck and nice weekend..
- #32,872
- Sep 1, 2011 6:14pm Sep 1, 2011 6:14pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,874
- Edited 7:00pm Sep 1, 2011 6:59pm | Edited 7:00pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,875
- Edited 7:11pm Sep 1, 2011 7:09pm | Edited 7:11pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,877
- Sep 1, 2011 7:23pm Sep 1, 2011 7:23pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD is at crticial level, it should either go to 1.09 or 1.04 by next week
I wont enter both ways as I am not convinced.
AUD is better to be traded by : sell too high - buy too low.
- #32,879
- Edited Sep 2, 2011 12:04am Sep 1, 2011 7:58pm | Edited Sep 2, 2011 12:04am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #32,880
- Sep 1, 2011 8:20pm Sep 1, 2011 8:20pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts