....Any way plan is to hold sell untill lower suport line and to close half position theare or waiting to see nice close above blue tirquise line on 30m chart.In long term if i have continues sell signals will hold and add untill arround 1.01100.It is weekly chart target.
Buy all and godd trading in this pair
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I got my target.closing half.on any up move will looking for sell for now.Until that 1.01100 area or until gold get at 1568.20.Buy
1.02350 key level for now for me on daily.If we close below on daily and make 1 pips more next day we are in new wave down for me.will make long only if have strong 1 hr buy signal minimum
We're approaching last month's low, tomorrow's RBA statement will be the deal breaker for aussie. A break below will have everyone shorting else we might consolidate before starting a rally up.
No positions until then.
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When everyone shorts is when you should look to go long on a dip. Right now NZD and AUD are strong shorts because retailers are going long hard... after their margin calls when they are out it will rise.
In the 1-hr chart, I'm observing bullish MACD divergence. New price lower lows and MACD making higher lows. Ahead of the australian news I don't feel like closing my short position yet.
closed shorts, including swap got 508 pips so far 20-0 trades, hit by swap for about 50 minus pips. but 500 not bad for a easy bear week,, see what charts saying in the morn
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Nice work mate. I jumped in and out too many times. still only 100 pips for the week for me
Nice work mate. I jumped in and out too many times. still only 100 pips for the week for me
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thanks, should try work with lower lots, get comfty holding your trade, im trying to get my main bases for 100points then let them run while i scalp it the other way or whatever
im scalping longs, not comftable shorting for some reason, probably see parity......
but if the bottom breaks be a bear again likely...
but then we got a bit of data coming out next week for aud.. who knows?
Yeah you can read my post from a week ago.. I called it short till 1.01xx .. But I have had my profit eaten so many times by waiting it out so i like to take it these days.
aud/usd its usually ranging in atleast 100 pips both ways, once it gets past 100, my enthusiasm drops a bit, 200 is nice an 300 is danger, the hard part is lineing up the Ts an Fs an then searching for the Top or Bottom, those the bases, then u just play the Ts and Fs during the week, yes also add currencys that effect it, an then hope u get lucky:d
watch for those economic crisis or prosperity to, big pay days:d
My buy limit at 1.0250 got hit last night.. so currently have a total of 5 mini lots (0.5 lots) long targeting 1.0600.
Not in a rush to close any positions as I've already achieved my targets this week when I closed my earlier AUD longs @1.0475 on Monday.
Will continue to hold and will look into whether I should close the longs manually when we reach @1.0475 again or hold it until TP.
I still think we will go down to 1.0150 before bouncing back up when a lot more buyers would be buying AUD due to the carry trade factor as 1.0150 would be considered a cheap price to buy.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
Newbie to RBA. Anyone's guidance on this news. Is it tradeable news or better to get to standoff distance and watch the chaos? Thanks in advance to all who reply!
Is it sad for me to say I get really excited at this time, it is like being at the races with the horses about to jump. The tension mounts, which way will she go, bands are tightening, macd is showing very little movement, everybody is waiting. Then we get raw emotions 15 minutes out with very fast movement, a great scalping ground for the brave.
A genius is born every minute, me I am lucky if my socks match.
