AUD/USD

At least a 60 pip bounce off of 104.40 if we got an 80 pip bounce off 104.95.

It will retest 104.95 maybe even 105.30

Just closed ( Intraday Trade ):

good job, still waiting to close mine.

My first TP is 1.044, nothing says get out or long to me.

I'm in AUDJPY and I'm not touching this pair, but it looks like a good place to go long here 1.0469 with a stop at 1.0430.

Target 1.1000

You could probably even put the stop 1.0460 and be alright.

So 10 pips risk, 530 pips reward. That's a pretty good r/r, lol.

Plan my trade and trade my plan.

http://www.forexfactory.com/showthre...84#post5903784

I am trading long around 1.0440. Stop loss 30pips.

Please do, as heavy as you can.
We need losers so that winners can profit.

Hi ForexMGames, had a look at your posts and like the idea of using posts for trading journal for discipline.

Had a bit fo a look at your AUDUSD trades (as that's all I do whilst I'm learning) (post 17, 29, 34). Like that you've chosen bottom of your support range with slightly bigger stop given you've been taken out too early on the other two when you would have gotten good profit. Hope it works for you!

Am curious what you mean in post 17 about taking profit on the way? Do you trade multiple positions and close some or is taking profit just locking it in by moving your stop up?

Hello All,
Yesterday’s morning short worked out well and I am starting to like the short term swing trades while I get back from the break (http://www.forexfactory.com/showthre...06#post5926406) . I did close my entire position at 1.0470 now looking for a new setup. We did reach the upper zone of the target fellow traders and I pointed out hours before the US open and to them Great trades I would vouch for some of you if I could. The lower end of the channel per the link above is 1.0445 I am looking for a setup at the moment but will wait for a few hours once London picks up to see If I should short at current levels or just an hour before NY open.


I am really also looking at shorting GBP if there is a pair at its most upper extreme level this would be it if ES and commodities take a hit tomorrow.

I'm not into predictions usually, but I see 1.0445 as a magnet. The sup/res combined with the rising 4 hour trend line. I see the 1.0470ish zone as having been tested.I've decided to have a full TP at 1.0445. Lets see what happens...

Taking a long @.0457 and a second @.0446

I also like the .045 level for a new target as RSI is approaching oversold on smaller time frames. Here is my entries for NY open.

Sell Stop 1.0475 Stop Loss: 1.0485

Sell Limit 1.05 and 1.0518 Stop 1.0538
Target 1.0445-40
Below is a simple Tick chart for the week so far and the levels I am watching to get in before NY open.

I am also long /6E 1.2329 as I like the PA this last week and I believe we will see 1.26 within a shorter time frame that a lot of ppl expect.

1.0431 is a number I'm looking at. TP still at 1.0445

Filled @ 1.0475 I have posted this chart a couple times but now we are trading (and bouncing) at 88.6% EXT. We are still trading below the moving averages 100,20,50 and If we should break below well the targets mentioned by most here is going to be near by the first hour of US open.
UPDATE: 1.0432 Print as I am typing on futures side we should see some stops being forced here.

Side note: I want to thank the Greeks for asking next week on a 2yr extension austerity proposal. THANK YOU soo much for possibly f'n up the Euro long thesis. We will see how this comes about next week. But I digress.

485 before 430 or after?

The Tokyo close gave a nice Pop to EU GB and AU on a lesser extent. It could be shorts covering or algo new buying as each Open/Close exchange is filled with that but who knows.

If we break 480even then 485 would not be the first stopping point we could very well test 1.05 again within minutes. We could see more bouncing around the previous chart I posted on the futures side where on AUD/USD it would be about 1.0468. If we keep support there than yes we would visit 0485.

Still short and unless we get CPI really awful numbers (Jackson Hole QE3 possible talk again!!!) which would cause dollar to fall against majors we will still grind lower to the levels mentioned earlier.

Seems up but still moved SL to BE +2

what is your entry and target?

Target 1 485 T2 498