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- Eduardo replied Dec 17, 2009
It actually bounced at 88451 on my feed, right on top of the 100 sma. Whether this signifies the resumption of the uptrend or just a small retrace in a new downtrend I just don't know!
- Eduardo replied Dec 17, 2009
It actually bounced from the 100 sma to the pip. I reckon it will close above 89 tonight and carry on up from there but I could easily be wrong.
- Eduardo replied Dec 17, 2009
Careful with shorts now, it's just approaching the 100 sma at around 8845. I think that's the last support that will hold it, if that breaks then it's good to go for 85-86.
- Eduardo replied Dec 16, 2009
Just bought at 0.8920. This is going to go one of two ways now, either 89 will hold or it won't. I still think it will, US interest rates are on hold and not much has changed fundamentally for the Aud. The next few days will tell.
- Eduardo replied Dec 10, 2009
Well if all that works for you then go with it. I think I'll stick to the support and resistance method. We are starting a bit late in the trend and when the trend does reverse or make a major consolidation then we'll get stopped out but I believe ...
- Eduardo replied Dec 8, 2009
Hi Dan, thanks for posting. I'm sure this will be a strategy that will come good in the end. I would have loved to have worked this out a little sooner as I'd probably have 2 or 3000 pips locked in now and a bundle in swap! I loaded the indicator ...
- Eduardo replied Dec 8, 2009
I have a feeling the 91 level is going to hold but of course I don't know that. My original entry is at 91.20 so I'm hovering around break even at the moment and I'm not interested in opening any more until it's a bit higher (93-94 ish on the way ...
- Eduardo replied Dec 4, 2009
93-94 is proving to be a really strong area. All the more reason that once it breaks it's a great place to put your stop just below. I'm happily just collecting the swap at the moment, position growth will come with time.
- Eduardo replied Dec 1, 2009
Up today, I think we could see the breakthrough in the next few days.
- Eduardo replied Nov 30, 2009
Glad to see someone is I think we should wait until we see a break above 0.93-0.94. That seems to be a pretty strong resistance level. Once it has broken and closed above 0.94 I think stops should be just below 0.93. This could take a little ...
- Eduardo replied Nov 30, 2009
Considering the news of the other day I'm playing the cautious route now and I have closed all except my original entry at 0.9120 taking small profits on all. I'm still keeping my stop loss at 0.885 but I am going to wait for a big push to the ...
- Eduardo replied Nov 27, 2009
Well, what a day so far... My entry at 0.8910 came within a fraction of being hit, damn! That huge spike was probably caused by the failure of a climate change agreement in Aus. As far as I can tell one of the major political parties are split down ...
- Eduardo replied Nov 26, 2009
Good to have you with me. That trendline is looking pretty broken at the moment. I'm not too concerned, if you draw the trendline differently it's still within a reasonable range. The 50 sma is a good guide, if it starts closing below that it's more ...
- Eduardo replied Nov 26, 2009
I wouldn't say that I'm an expert, let's see if by Christmas we're not all a little richer and then I'll be a step closer
- Eduardo replied Nov 26, 2009
Ok, stick with this thread and see where we get. We're only trading audusd as it's not too volatile, low spread and good strong reasons for it to be trending up. I added on today at 0.9168, right on the trendline. It's only 48 pips higher than my ...
- Eduardo replied Nov 26, 2009
Yes, anything crossed with the yen is very volatile. I'm not one to judge but just not sure why you chose to buy that pair? There's an entry available right now and exactly on the trendline on AudUsd. (like as in right now 10:36 GMT). Try buying ...
- Eduardo replied Nov 25, 2009
I don't think we need too big a stop loss at the moment, mine is just below 0.89, significant round number. As I said it's up to you if you want to keep pressing the buttons but I'm happy to keep this open Jan or Feb at the minimum if it keeps going ...
- Eduardo replied Nov 24, 2009
There's nothing wrong with taking profit but the point of this thread is that you hold on to your trade until the pips squeak. Collectively we got a good entry the other day and all I can see is that we had a good push up and today price has ...
- Eduardo replied Nov 23, 2009
Right then, first entry currently 120 pips up at the moment. I expect now it will break 0.94 and make a new high around resistance at 0.96 and drop back for the next entry somewhere between 0.93 and 0.94 near the trendline. That should take until at ...
- Eduardo replied Nov 22, 2009
xtraction, look at the attached chart. The lines are all at round numbers. Look at the 80 cents level. How many times has that acted as support and/or resistance? This is the key to trading, being able to identify these levels with your eyes shut. ...