AUD/USD

Closed out my long. Out for the weekend.

Good day to you,

Chart

I see the same viable target on my chart.

Good day to you, sir

Yip - just have to manage the purse properly... My trade is long term.

Will see how it plays out.

All success to you

.92 level are broken, let's see if it can remain above it. If .9220-30 level are broken, it will have legs to go higher. Might not be broken today, but perhaps next week. Next week RBA minutes release.

I closed my longs at .92 for the weekend. Have a good weekend and trade safe my friends.

Good day to you, Ssm

Enjoy - well done.

Regards

parth1111

Hi

As some posted above it is important to know what you doing and some history about your style.
Your second post cleared up any questions I had, like why you entered the trade, risk involved, how many trades you have made and what is your % of winning.

The "help otherwise i will get bankrupt" and "loosing almost 80% of my mone" part made me think, i don't know how your initial deposit relates to the value you have to it, compared how i value my account balance, just in case....

You see the high of 0.92210 from the 12th day of this month (1 hour chart), there is a possibility a nice one actually that the price will not go past it today, and come down a bit for the weekend maybe not to 0.9101 but still help if you decide to close to trade in a loss.
You are aware that if you are on a non swap free account you will have some fees deducted from your balance as market closes and they are way more than normal on Friday. but if the price comes down you should be able to cower them if you want to keep on to the trade.

You have quite a few options really if you are trading your own money.
1. If the price comes down you could just close it at a 50% loss by closing it in time.
2. close it now at a 80% loss ( it will give you a small possibility to try to recover it with future trades but at least you will have 20% left.
3. Let it run, risk it all there is no saying what will happen, you could lose it all or even make a profit
4 and 5 other simple options you have, if someone will point out to you
6 and 7 some really clever options, hard to explain to someone new to Forex but I dont think you have the margin to do them.

I myself am long (buy) on this pair, profit locked in, looking for the possibility to go up a lot more up, way up but not hoping or caring one way or the other its just a trade among others gone as planed and note, even trades I lose go as planed as they in the plan. So learn the No:1 before your next trade, money management. And that the money you lose is the money someone else needs to win!

Only trade open I need to baby sit at the moment opened earlier today, positive swap from a 2 year high Oct 2011 and 10 pips from the top with a 11 pip spread, be nice to snowball it whatever, EurTry.

break of the daily bearish trendline target at 0.98 on audcad

http://www.zoneforex.com/276/?lang=en

price failed to push above the spikes , and didn't closed convincely above 0.9200

meanwhile, no more rts @ 0.9187, price is heading for retracement from range's top.

if any1 see daily/hour4, can be see as a lower high as well, but all in all wait till daily and weekly close.

but will not neglect that, in the lone sessions of us, there can be breakout out of no reason suddenly to up or downside.

last hourly bull pa at 0.9169 and hour4 @ 0.9154. below there, range's stop head for retracement.


0.9212 tested a few times and get rejected, 0.9214 overshoot by 2 pips, false break earlier during us consumer sentiment.

if bo meant to happen it will be sharp and strong, this kind of hesitate pa, put price more in range.

range -> buy lo, sell hi.

Agree. I see PA returning to the channel. Monday will be a quiet day again. RBA minutes might see PA following the channel or break out of the channel.

http://i1116.photobucket.com/albums/...ps74d386ba.jpg

would not be bearish AUD as metals are surprisingly strong, like walking out of grave.

The uselessness of this pair is outstanding

[highlight=rgba(255, 255, 255, 0)]Gold Seen Climbing From Two-Month High on Asian Physical Demand - Bloomberg[/highlight]

what does this mean ? going further up or retrace ?

Should be going further up, but we have Tuesday AUD monetary policy meeting and Thursday FOMc meeting..... So whether it is going up or down or channel trading. I dont know, but monday will be quite again, just like Friday

Hope everyone had a good weekend. Planning on shorting this bad boy this week.

I share you opinion. What do you think about this

I guess the same, but that will happen ...?

not sure, that is a solid take profit area though