just banked 900 pips on EURAUD, nice feeling but I was a bit jittery a week ago 200 pips down.
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Dislikedjust banked 900 pips on EURAUD, nice feeling but I was a bit jittery a week ago 200 pips down.Ignored
DislikedNever traded EA much. Do you see it at 1.7 by the middle of the week?Ignored
DislikedNobody has been short on these lately? If not, you guys are hardcore bulls!
I myself was short @ 0.9314 on AU in the middle of last week, only to see it go up to 0.9400. After a drawdown like that it is really hard to get into the profit mindset, as you're happy to just break even... and now I'd be a few grand richer had I waited a few days to close the position.Ignored
DislikedI think we are presently looking a good trading opp on the AUD/USD. Hitting strong support around 87.50, strong up trend, strong reserve bank statements on inflation and a 5 monthly range around 0.0650 completed.
By all accounts this is a great risk reward trade.Ignored
Dislikedcan you enlighten me on the range info, or is that refering to the average number of pips moved in recent months.Ignored
DislikedReferrring to ATR. Volatility of the AUS/USD over the last few months has stretched the normal monthly ATR around 350 to 5 period monthly ATR of around 650. The current month ATR is sitting at 0.0636 halfway through the month. This would increase the probablity of a pullback and a tight stop not being taken out.Ignored
Dislikednever used ATR, thats why i like the FF, same view from other traders using different methods. I would look for an initial run up of about 250pips then some friction before the continuation of the bull run.
so 2 from 2 view this as bottom, will be interesting to see what DT and KGB have in there bag.Ignored
DislikedNothing is a sure bet but to push the ATR past 700 is an unlikley possability seeing that we have seen very few monthly ATR's at that level for the past 20 odd years.Ignored
DislikedRight now we're at strong support and looking at the levels where the Oct pullback bottomed iirc. Now I don't have my charts in front of me, so I'll check that, but we also have to remember that the BoJ statement will be out and although the credit markets are roiling the BoJ not hiking will be a signal to some bulls out there to resume the carry, at least in this pair. Imvho the AJ will take over from the GJ as the Pound has garbage fundamentals. Just my .2Ignored
DislikedHi DT
so we can take that as a kind of agree but need to see my charts first.
2.5 out of 3 in favour of the bulls then
have you been away from your charts all day? I've got 24hrs with no charts and only access to my broker by phone tomorrow. what a pain, still hopefully the market will have made a choice by wednesday and i can make the trade.Ignored