Happy Corner: Aussie (AUD) pairs

[highspeculation]

Hi Happy,

$1.0270 seemed to be a barrier. I have had several small short trades. Your negative assesment is pretty much on the money I think. The only think to worry about if you are short is whether or not Ben Bernanke decides to pull out his Bazooka. I still think he will wait for things to get real bad before acting.

[Forex Chart]

I short AudUsd now.

Here is my setup

[happypip]

Hi Happy,

$1.0270 seemed to be a barrier. I have had several small short trades. Your negative assesment is pretty much on the money I think. The only think to worry about if you are short is whether or not Ben Bernanke decides to pull out his Bazooka. I still think he will wait for things to get real bad before acting.

Nice! Did you hold on even until the FOMC minutes release? Raking in the pips now, I bet!

[highspeculation]

Nice! Did you hold on even until the FOMC minutes release? Raking in the pips now, I bet!

Hi Happy,

I'm still way too stupid to manage that!

Markets have been very volatile and I have been changing my view daily. Now everybody has turned bearish again. FOMC and Chinese data are starting to make it look clear cut but you never know. Money printing and even the prospect of it can cause the markets to rally.

[happypip]

I short AudUsd now.

Here is my setup

Nice entry! All the technical signals seem to line up for a short trade on all time frames. Plus there's the weak Australian employment data too and the possibility of weak Chinese GDP later on. Gonna close at that 1.0125 support your marked or just lock in some profits there?

[Forex Chart]

Nice entry! All the technical signals seem to line up for a short trade on all time frames. Plus there's the weak Australian employment data too and the possibility of weak Chinese GDP later on. Gonna close at that 1.0125 support your marked or just lock in some profits there?

Thanks happypip! Im basically technical trader. if i found any signification indication at that 1.0125 support area to move the prie move down then i will wait till next move; otherwise i close the trade.

[Forex Chart]

I short AudUsd now.

Here is my setup

Fresh Falling Price now reaching my first target area at 1.0125; still holding my position; expecting more down but watching the candle behavior closely...

[Forex Chart]

I short AudUsd now.

Here is my setup

closed my position at 1.0130. Thanks

[Forex Chart]

Here is Just formed a combo setup 1hr chart on AudUsd. There has a Inside Bar setup with false break pin bar. Now that Mother bar just break.


On other side, If we see at 4hr chart; price already found its support at 1.0125. Now price is staying at 1.0175 area. next resistance seen at 1.0247 area.


I set my buy entry after close the last 1hr candle at 1.0175,
Stop loss : Just bellow of the pin bar which is under Inside bar setup

I expect 1:2 risk:reward from this trade...

***Trade your Own risk***

[bobmaninc]

Here is Just formed a combo setup 1hr chart on AudUsd. There has a Inside Bar setup with false break pin bar. Now that Mother bar just break.


On other side, If we see at 4hr chart; price already found its support at 1.0125. Now price is staying at 1.0175 area. next resistance seen at 1.0247 area.


I set my buy entry after close the last 1hr candle at 1.0175,
Stop loss : Just bellow of the pin bar which is under Inside bar setup

I expect 1:2 risk:reward from this trade...

***Trade your Own risk***

I took the same long based off the 4 hr as you posted. Hope to see it go to the 1.02 figure then I will break even this week.