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AUD/USD

  • #39,241
  • Jan 20, 2012 8:20am Jan 20, 2012 8:20am
Whoa, the 4hr trendline was broken at 1.0458.

How high will this sucker go? How will the US existing home sales news in 40 mins affect it?
  • #39,242
  • Jan 20, 2012 8:21am Jan 20, 2012 8:21am
Well, I am still in that my buy from 1.0430 3 or4 days ago. Yes, I know a good trader would have taken his loss when below 1.04 and walked away, but the thing just looked too bullish to my eyes above 1.036. Hope it continues up.
Patience is magic
  • #39,243
  • Jan 20, 2012 8:30am Jan 20, 2012 8:30am
Quoting Muntu
Well, I am still in that my buy from 1.0430 3 or4 days ago. Yes, I know a good trader would have taken his loss when below 1.04 and walked away, but the thing just looked too bullish to my eyes above 1.036. Hope it continues up.
Critical area definitely make or break.
Attached Image (click to enlarge)
Click to Enlarge Name: au210112a.gif Size: 40 KB
Don't get mad, get even!
  • #39,244
  • Jan 20, 2012 8:42am Jan 20, 2012 8:42am
Hate to see how I got stopped out on my Long yesterday.
I was thinking it would be bullish as market isnt as pessimistic on the employment data and the trend was bullish.

My problem is the choice of Stop. I set it above the bottom of the news spike which market retested....
  • #39,245
  • Jan 20, 2012 8:45am Jan 20, 2012 8:45am
Attached Image (click to enlarge)
Click to Enlarge Name: au range.gif Size: 21 KB


Target 1 @ 1.04535 and target 2 @ 1.04666 touched....
  • #39,246
  • Jan 20, 2012 8:46am Jan 20, 2012 8:46am
These trendlines are tricky to agree upon at times. To me we are above that trendline since august already, but maybe I a am quick.


Quoting stulic
Critical area definitely make or break.
Patience is magic
  • #39,247
  • Jan 20, 2012 8:47am Jan 20, 2012 8:47am
I took a short at the 4hr trend line thinking it would have taken a hard reversal there. I got stopped out. Looking for next level to short. 1.0487 or higher?

Or will it just sputter out soon around 1.0462?
  • #39,248
  • Jan 20, 2012 8:57am Jan 20, 2012 8:57am
Quoting ibotman
I took a short at the 4hr trend line thinking it would have taken a hard reversal there. I got stopped out. Looking for next level to short. 1.0487 or higher?

Or will it just sputter out soon around 1.0462?
How about 1.0750?

I personally won't bet on it but it's a possibility you should consider before shorting every rally.
Don't get mad, get even!
  • #39,249
  • Jan 20, 2012 9:25am Jan 20, 2012 9:25am
s&p goes down and aussie up
  • #39,250
  • Jan 20, 2012 9:43am Jan 20, 2012 9:43am
carry trade

Quoting torkay77
s&p goes down and aussie up
" you can't consume more than you produce "
  • #39,251
  • Jan 20, 2012 9:55am Jan 20, 2012 9:55am
That nice up move has passed my TP and close my trading session this week with +80 pips gain (20 pips risk per trade), all from AU. Hope everyone enjoy some pips too. See you on Monday fellas
The tone of your words reflects the quality and result of your trading ;-)
  • #39,252
  • Jan 20, 2012 9:57am Jan 20, 2012 9:57am
I will wait for.4000
  • #39,253
  • Jan 20, 2012 10:26am Jan 20, 2012 10:26am
hedged my short
closed
re shorted
re hdeged
re closed

im now holding a long position will hold it daily close above descending trendline.

lets see if it does...... or if will close below 0450.
90% of traders use TA, indicators and prediction
  • #39,254
  • Jan 20, 2012 10:27am Jan 20, 2012 10:27am
Quoting ibotman
I took a short at the 4hr trend line thinking it would have taken a hard reversal there. I got stopped out. Looking for next level to short. 1.0487 or higher?

Or will it just sputter out soon around 1.0462?
Go long?
  • #39,255
  • Jan 20, 2012 10:32am Jan 20, 2012 10:32am
Quoting Ted1983
Go long?
Yup
  • #39,256
  • Jan 20, 2012 12:32pm Jan 20, 2012 12:32pm
my short from 1.0465, seems to be the wrong decision for today
  • #39,257
  • Jan 20, 2012 12:40pm Jan 20, 2012 12:40pm
Take a look at the divergence on this 4hr chart, which was drawn by CVecchio and compare the end November move with current one.

I'am short till it takes out 1.0510
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 120 KB
  • #39,258
  • Jan 20, 2012 12:54pm Jan 20, 2012 12:54pm
i have same divergence

http://picshare.at/IMG/1327085559_Sc....-20-19.51.jpg


but usually don't like to hold positions over weekend
  • #39,259
  • Jan 20, 2012 1:25pm Jan 20, 2012 1:25pm
Could it be a Wolfe wave?
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.jpg Size: 83 KB
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,260
  • Jan 20, 2012 1:28pm Jan 20, 2012 1:28pm
Quoting Alki
Could it be a Wolfe wave?
If it is, what does that mean for PA? I'm not familiar with that wave.
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