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Thread: AUD.USD

  1. #1
    action-reaction arco's Avatar
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    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.





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  2. #2
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    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.



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  3. #3
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    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).












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  4. #4
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    Short was stopped for a loss of 78 pips.

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  5. #5
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    Default




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  6. #6
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    Short remains in place, and AUD could still fall further IMO.
    Slight modification to EW count.
    (Pink line is trailing stop).













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  7. #7
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    Continued falling as expected.

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













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  8. #8
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    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.





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  9. #9
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    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.









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  10. #10
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    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.







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  11. #11
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    The fall has resumed and I am short again.
    May 20 may be a chart point direction date.
    (This is not a Gann date).









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  12. #12
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    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.




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  13. #13
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    140 pip max profit range yesterday for anyone who took the initiative.







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  14. #14
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    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.



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  15. #15
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    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.
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