aussie/kiwi also look attractive "L" formation
http://img28.picoodle.com/img/img28/...tm_0949a52.png
im long @1.2373 and limit long @1.2000
http://img28.picoodle.com/img/img28/...tm_0949a52.png
im long @1.2373 and limit long @1.2000
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Dislikedhi ben, I'll be watching China's GDP
I have a feeling that we might see higher levels if data are good as I think
you could keep a stop at entry for your short, I prefered to profit inIgnored
Dislikedhighest - lowest for this week so far around 350 pips range and if i look at weekly average movement aussie exhibit top price for the week so i hold my short and 0.8000 is the support now then 0.7900
http://img39.picoodle.com/img/img39/...hm_a4010da.png
and below news :
http://www.bloomberg.com/apps/news?p...d=abnOeg9Iue5UIgnored
Dislikedgoing short from 8039. targeting 7946.
predictions after that?Ignored
Dislikedit could be but usually when a hedge strategy is successful is because the trend was against you so I would look for a higher resistance level to go short again
this way your longs make more profit and you have more chances for your higher shorts to be rewarded
also, you can short at 0,8040, hedge 20 - 30 pips higher and put another hedge at entry.But you see you risk to be bounced in and out continuously.
Better would be that your position goes to black soon and you keep a stop or a hegde at entry level to minimize the risksIgnored
DislikedI guess they are a lot of ways to play it. It seems most prudent to play it they way you see the market heading. But then the idea of the hedge strategy is to protect our existing positions, isn't that it?? I need to study your post some more!
However, I saw twice previously there was strong action (on the 1H and 15M) from 8025 to 7946, right to the pip. Do you notice things like this happening frequently in this pair?
Thanks for all your help so far fammira! Are you in Italy?Ignored
DislikedLooks headed down past 7946 and then towards 7900.Unfortunately, I woke up this morning and saw two of my positions at +25 each and took them out for +54.
Ben10, you must be enjoying the ride.
Fammira, what's your next position?Ignored
Dislikedgood play Magic Trader , as Fammira play small profit is profit
here the news said that RBA to keep aud/usd around 0.8000:
http://www.dailypfennig.com/Ignored
DislikedThe pair has been in a beautiful trend since the past 2 weeks. Looking now for a .8060 level resistance, and perhaps a flat market for the rest of the day.Ignored
Dislikedit may go lower from there. but it seems like it might level off awhile before it does.Ignored