AUD.USD

[Bilo]

Thanks for that chart. It has already gone through 0.92 but not held up. Will be interesting to see when profit takers knock it back and if it will head towards 93. Hoping anyway.

Got stopped out at 0.9111 last night. It appears to be just a special spike down for my stop. Who says they don't hunt stops!

[Nevl]

Yes strange night last night on equities and currencies. Did not get stopped out and have enjoyed the recovery since. given the reaction to the fed notes i expect the Aus/usd to start to push 0.925 today and have bet accordingly

[Bilo]

Yes strange night last night on equities and currencies. Did not get stopped out and have enjoyed the recovery since. given the reaction to the fed notes i expect the Aus/usd to start to push 0.925 today and have bet accordingly

I had been trying to trade the big butterfly to return to ~.94 as in November. I will just have to go back to trading pieces of it during days if these stops keep getting taken out. The further i put them away the further the curve seems to bend towards them..I thought ~100 points would have been enough..

[Nevl]

seriously unlucky Bilo. Was wrong about the move up yesterday myself but as Aussie has gone sideways am holding my long position for the expected breakout. Am doing small trades between .917 and .920 at the moment

[peat]

seems to me that Aussie just popped out of an ascending triangle formed during the last 24 trading hours

edit : will try to be more precise now , and specify a target of 92.50 plus 60 pips = 93.10 , this being the size of the triangle)

have started buying and will buy on dips with stop loss 92.20

[Nevl]

Finally made it to 0.925. A few days late. Still feel that there is positive sentiment out there and the general move will be up. Will stay long and trade on the dips. Feel confident about 0.93 by the end of the week.

[peat]

hasnt conformed to my pattern. trade alive but its just random now.

heh
it turned pretty soon after I made this post. was more of a gartley in the end tho not a proper one.

[peat]

a target of 92.50 plus 60 pips = 93.10

target reached.

[Bilo]

target reached.

So what now?
Some are picking .94/.95 near term and 1.00 in the not too distant future - before the Kiwi....!

[dumbass]

Got stopped out at 0.9111 last night. It appears to be just a special spike down for my stop. Who says they don't hunt stops!

now thats a bitch, you nailed that swing low to the absolute pip