Published on Wednesday September 1st, 2010 at 10:49AM by dudleymuggins
The AUDUSD has been moving up for a week now and is fast approaching a fresh supply area (see 4 hr chart) which is about 75 pips away at the moment. It may possibly reach it tomorrow. Probably short at 0.9155 with a small SL of about 25 pips. If that fails, look for the 0.9200 area (between 0.9186 and 0.9216).
Hey Dudley, I missed teh long on AU earlier. Pity as it shot up, I also bagged 100 pips off EJ which could have been like 150 had I held it but my TP was 100 so.... I will bve looking to short AU again once it reaches supply
This S/D ting seems to be working a treat doesn't it?
I'm looking to go long on the retracement Dudely. It topped out at .9100 and is currently falling back to Monday highs at around .9020... potential long play in about 30-40 pips.
Ryan, Last night Trade Balance for the Aussie came in worse than expected and pushed price down into an intraday demand zone which would have been a good place to scalp. But it has since recovered and moved up nearly 40 pips. I am still hopeful that price will go up to the area I have noted as supply and trigger my sell order, but that may take a couple of days. Lots of news out of the US today so that may move the Aussie this afternoon (I am in England). So yes, a long does look good at the moment. See attached 5 min chart
Trade was not triggered and I dont like leaving orders on for too long, so I have cancelled it. Price did move into the supply zone but has reversed and moved down. Could have had a good scalp from this.
On Wednesday September 1st, 2010 at 11:31AM by colstreamer Like - 0 People
Hey Dudley, I missed teh long on AU earlier. Pity as it shot up, I also bagged 100 pips off EJ which could have been like 150 had I held it but my TP was 100 so.... I will bve looking to short AU again once it reaches supply
This S/D ting seems to be working a treat doesn't it?
On Thursday September 2nd, 2010 at 01:34AM by buruguduy Like - 0 People
On Thursday September 2nd, 2010 at 05:42AM by dudleymuggins Like - 0 People
Ryan, Last night Trade Balance for the Aussie came in worse than expected and pushed price down into an intraday demand zone which would have been a good place to scalp. But it has since recovered and moved up nearly 40 pips. I am still hopeful that price will go up to the area I have noted as supply and trigger my sell order, but that may take a couple of days. Lots of news out of the US today so that may move the Aussie this afternoon (I am in England). So yes, a long does look good at the moment. See attached 5 min chartOn Friday September 3rd, 2010 at 09:19AM by dudleymuggins Like - 0 People
See Chart, the Aussie is now moved into the supply area, but has not yet triggered my entry @ 0.9187. So waiting for that.On Monday September 6th, 2010 at 07:04AM by dudleymuggins Like - 0 People
Trade was not triggered and I dont like leaving orders on for too long, so I have cancelled it. Price did move into the supply zone but has reversed and moved down. Could have had a good scalp from this.Leave A Comment
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