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AUD/USD

  • #45,821
  • May 31, 2012 8:00am May 31, 2012 8:00am
Quoting Freshpips
Thats great thank you bro
Ya, no problem. I find knowing how the market works is a major help when considering what you should look to do.

Personally, i'm pretty happy to get long a double bottom on aud/usd... but nothing less than this will i want to get long at for any real pips.

maybe a scalp at 9700, but even that's questionable.

X
  • #45,822
  • May 31, 2012 8:05am May 31, 2012 8:05am
@.9660 is important level and already been nicely respected
(2011/11/23 and 2011/11/25 swing low)

now we have to see how green can it get...but i plan to keep it as much as possible before next big short...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012_05_31_audusd_m15.png Size: 46 KB
big numbers are our friends...
  • #45,823
  • May 31, 2012 8:10am May 31, 2012 8:10am
Short .9739 looking for 20 pips with a SL just above .9760. Might bail early if this takes off.
  • #45,824
  • May 31, 2012 8:38am May 31, 2012 8:38am
Quoting uptickk
Short .9739 looking for 20 pips with a SL just above .9760. Might bail early if this takes off.
Didn't feel right so took 3 pips so it will naturally sell off now. You are welcome shorts
  • #45,825
  • May 31, 2012 8:54am May 31, 2012 8:54am
Quoting uptickk
Didn't feel right so took 3 pips so it will naturally sell off now. You are welcome shorts
Would have hit my 20 point target
  • #45,826
  • May 31, 2012 8:59am May 31, 2012 8:59am
Quoting uptickk
Would have hit my 20 point target
Theres a standard fib retracement on the 3h chart. hit the first level and is now bouncing. if it goes all the way we will see .9559 in coming days. That's my new TP. Will move my SL down to new swing highs as they occur but keep my TS at 100pips for each SL move. Current SL is set just below entry point.
  • #45,827
  • May 31, 2012 9:07am May 31, 2012 9:07am
Quoting forextraderx
Ya, no problem. I find knowing how the market works is a major help when considering what you should look to do.

Personally, i'm pretty happy to get long a double bottom on aud/usd... but nothing less than this will i want to get long at for any real pips.

maybe a scalp at 9700, but even that's questionable.

X
Oh, forgot to mention...in the case of a V bottom, they are most likely to occur if a market is heavily oversold or overbought, and/or caused by a news announcement. news plays the biggest role I've found.

X
  • #45,828
  • May 31, 2012 9:09am May 31, 2012 9:09am
+29.03% for the day...I'm getting tired so off to bed I go...leaving 2 trades overnight. Good luck to all and many GREEN pips
  • #45,829
  • May 31, 2012 9:14am May 31, 2012 9:14am
Quoting RhemyD
Theres a standard fib retracement on the 3h chart. hit the first level and is now bouncing. if it goes all the way we will see .9559 in coming days. That's my new TP. Will move my SL down to new swing highs as they occur but keep my TS at 100pips for each SL move. Current SL is set just below entry point.
go green guys..tp 0.9680
  • #45,830
  • May 31, 2012 10:18am May 31, 2012 10:18am
Here we are again....
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 22 KB
  • #45,831
  • May 31, 2012 10:26am May 31, 2012 10:26am
Quoting tobafx
go green guys..tp 0.9680
out +50
  • #45,832
  • May 31, 2012 10:36am May 31, 2012 10:36am
My broker didn't execute my trade and I only got +25 instead of +50.
  • #45,833
  • May 31, 2012 10:39am May 31, 2012 10:39am
Nice little bounce here.
  • #45,834
  • May 31, 2012 10:40am May 31, 2012 10:40am
Quoting Hookem28
My broker didn't execute my trade and I only got +25 instead of +50.
You had a pending order and ticket number? Who's your broker?
  • #45,835
  • May 31, 2012 10:49am May 31, 2012 10:49am
Closes below daily pivot and 38.2% fib, gonna add another short.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd4.jpg Size: 116 KB
  • #45,836
  • May 31, 2012 10:52am May 31, 2012 10:52am
Quoting 2+2=4ex
You had a pending order and ticket number? Who's your broker?
Yep. Had a TP set at .96840 and it reached .96835.
  • #45,837
  • May 31, 2012 11:06am May 31, 2012 11:06am
Quoting Hookem28
Yep. Had a TP set at .96840 and it reached .96835.
Looks like the spread got you. There's nothing one can really do about it except watch your trade and close out manually when it gets that close. Of course this only works if you are at the computer.
  • #45,838
  • May 31, 2012 11:15am May 31, 2012 11:15am
Quoting Paulenok
Closes below daily pivot and 38.2% fib, gonna add another short.

Attachment
Got me in doubt, eu massive pin bar looks scary for going short here...
  • #45,839
  • May 31, 2012 11:20am May 31, 2012 11:20am
second long today...

PS.
no shorts into double bottom
Attached Image (click to enlarge)
Click to Enlarge Name: 2012_05_31_audusd_m15_2.png Size: 50 KB
big numbers are our friends...
  • #45,840
  • May 31, 2012 11:21am May 31, 2012 11:21am
One of the keywords is S&P 1.300 bounce.
big numbers are our friends...
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