if it does not turn around right now at these 30 stops, this trade is done, but I will re-enter later with that in mind.
yep that sounds perfect. It just tested the backside of that TL (on my charts) to the pip... but the bastard looks strong, i still have faith. I threw some long into UJ here also. Looks nice... long UJ 78.20 average, stop at 77.79 that will be it for me for now.
Yea... they keep yapping about the moves not being fundamental in nature, all spec driven. I'd like them to step up the tone soon. If I get stopped out on this, I will def look lower to 76.50-77 for intervention levels... but there are definitely some bids holding 78. Strong bids reported 78-78.10... i don't rely too much on that talk but good to know.
btw, I don't like my entry at all on this aussie trade, and I hate when it gets so close to my stop and turns. I knew better then to take position ahead of that data. I like the trade just timing was bad. Usually for entries, I will play the secondary reaction on the news/events. I will also use news/events for exits... i use them for exits mostly more then entries.
joining long EUR/AUD here at 1664, stop at 1620... small at first then after the data we'll see where it's at.
Time stopped on all into Fed. I am entering short index positions and won't hold any "risk on" in FX until after ECB and nonfarm. EURAUD out at 1.1687 for 14 EURGBP out at .7843 for 32 USDJPY out at 78.18 for (4)