sharetrader
Page 1 of 12 1234511 ... LastLast
Results 1 to 20 of 239

Thread: AUD.USD

  1. #1
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default AUD.USD


    One of my systems has triggered a
    possible long on the Aud.Usd.
    I would prefer to see dual confirmation,
    however there is often a decent day trade
    available from this signal.

    Please note. My intention is not to offer any form of investment or trading advice whatsoever. The system I have detailed above could easily fail miserably at any point. If you choose to follow this system be aware that you do so entirely at your own risk and that I cannot be held responsible for any losses incurred.





    ___________________


    ___________________

  2. #2
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Update.
    Nice rise already on this one so far since inception and has
    been up as high as .7539 from open 17/3 @ .7422

    In these situations IMO its always good to take 100 points
    profit on 50% of the position and let the balance ride
    with a trailing stop.



    ___________________


    ___________________

  3. #3
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    As I have said before, IMO its sensible to take
    100 points profit on 50% of the position
    and let the balance ride with a trailing stop.

    Stop was hit yesterday on the balance (at entry price),
    but at least the 100 taken earlier is safely in
    the bag.

    First day signal has now triggerd short.( Weekly already short).












    ___________________


    ___________________

  4. #4
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Short was stopped for a loss of 78 pips.

    ___________________


    ___________________

  5. #5
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default




    ___________________


    ___________________

  6. #6
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Short remains in place, and AUD could still fall further IMO.
    Slight modification to EW count.
    (Pink line is trailing stop).













    ___________________


    ___________________

  7. #7
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Continued falling as expected.

    Moving stop to 7120 as protection, and will be
    following very closely to maximise profits.













    ___________________


    ___________________

  8. #8
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default



    Continued falling as expected, but has reached the
    possible area of support.

    Moving stop to 7060, and will be
    following very closely to maximise profits.

    Current pip profit if closed 362.





    ___________________


    ___________________

  9. #9
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Trade closed for a profit of 350 pips / US$3465.50 as I feel there is the possible chance of a minor? reversal at this point.









    ___________________


    ___________________

  10. #10
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    Selling yesterday turned out to be the
    right way to go as AUD has reversed
    overnight. Hard to tell at the moment
    if the fall will resume, but I should
    have a better idea or future direction
    on or by 17th May.







    ___________________


    ___________________

  11. #11
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    The fall has resumed and I am short again.
    May 20 may be a chart point direction date.
    (This is not a Gann date).









    ___________________


    ___________________

  12. #12
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    I recently mentioned possible reversal due on 20th - today being the 19th it may be a day early.

    Hammer/Harami off Fib and changed polarity lines could signify a possible reversal at this point IMO.




    ___________________


    ___________________

  13. #13
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    140 pip max profit range yesterday for anyone who took the initiative.







    ___________________


    ___________________

  14. #14
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default


    For medium term holders there was a nice northbound run of around 470-500 pips from C area as envisaged 19/5 which ended at red line resistance of A.

    There now appears to be more downside to come IMO.



    ___________________


    ___________________

  15. #15
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default 650-1000 pips potential......perhaps

    Aussie may reverse north off the uptrend line.
    Watching for a cofirmation reversal signal, however if
    the TL breaks, the chart will need to be re-accessed.

    The alternative scenario on a TL break is a trip to the
    next UT line (circa .8400), forming a bullish Gartley.

    _________________________________
    Last edited by arco; 19-01-2008 at 04:15 PM.
    ___________________


    ___________________

  16. #16
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,356

    Default

    i've been stopped out on all the aud longs at the 8680 level (about 80 above where it is now) and I never took a kiwi one. for me this trade idea never worked and I entered a bit soon as well.
    so it goes.
    For clarity, nothing I say is advice....

  17. #17
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default

    Always a dilemma when there are twin scenarios, but
    it does appear now that the 2nd is in the frame.

    In these cases a serious entry regime with MM should
    always be followed
    Last edited by arco; 22-01-2008 at 11:53 AM.
    ___________________


    ___________________

  18. #18
    action-reaction arco's Avatar
    Join Date
    Dec 2001
    Location
    AUD.NZD
    Posts
    2,878

    Default

    The red Gartley having reached the first resistance zone appears
    to have been an integral part of the old blue BF which could still
    be alive and well and heading for the next potential lower target.

    A completion to the Blue BF PTZ would then create a new Gartley
    (mentioned 2 days ago) shown in turquoise.

    Blue box is PTZ, (c) with 2 UT line possibilities for support/reversal.
    ___________________


    ___________________

  19. #19
    Senior Member
    Join Date
    Oct 2004
    Location
    , , .
    Posts
    1,000

    Default

    watching aussie for possible short

    ? evening star formation

    wave 2 retracing 786 fib wave 1

  20. #20
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,321

    Default

    The AUDUSD could be looking for a rise in the short-term...
    Death will be reality, Life is just an illusion.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •