Bought 200k units at .7525. To me, and I say this lightly, it would appear there is nice support at .7475 andf 7500. So I put my stop under .7475. Target is open at this point, but will cover on a rejection of .7545.
I can kinda see some basis for a support at around .7475, but in any case I think the trade has a lot of potential as a bounce after that overly dramatic drop from .7700, corresponding to the drop in gold. Although that is something that puzzles me a little, as gold is certainly big in Australia, but it certainly doesn't completely dominate.
You posted that at 09-12-06 03:54 PM. My chart shows that on 09-12-06, AUD/USD was at as low as 0.7525 at 1PM then again at 5:30PM. Between these times, the lowest point was at 4PM reading 0.7530. Was that a limit order you entered or a market order? Because, I don't see how you could have hit an ask for ".7525" when there was none. Do you have a chart snapshot or transaction history you could post to substantiate your claim of opening that trade/order? Iconoclast
Opened a long at 0.7522. TP maybe up to or over 100-pointishs. Will draw interest round-the-clock in the meantime. This is purely a "speculation" trade. Had some money burning a hole in my pocket. I
I'd say you stand a better chance of closing 100 profitable trades in a row than catching Ivanovich making up a trade... let alone a non-feasible trade. All your price levels are off. You might want to check your Aussie chart from Sep. 12th again, paying particular attention to the time scale - your ET time zone vs. your chart time zone.
Good advice, coming from someone calling themselves "late" apex. Glad you never need any proof of a trade. Meanwhile, I don't see that other guy replying with any proof either. Icon
Is that the best you can come up with? Making fun of the word "late" in his nick? I'm sure he's hurt over that! I would have been happy to prove to you anything had you asked in a non-accusing manner. Everyone here knows how I trade - I've been here for quite some time, and I never make up anything. And here you come, Johnny-come-lately, to troll for commentary attacks. Why not do as Apex said, and go back to set your timeframe on your chart a bit less. You'd see 7525 hit and more. Or you can consider that I don't rush here to post my open trades the moment I make them. I make them, then when I log on to elitetrader during the day, I post my trades. Of course you can always just continue posting your confrontational type posting and just become worthless to the rest of us quite quickly. Your call, of course.