Ivan's Trade Thread, part II

Short, AUD/USD @ 80 (120,000 units) for .7550 area.

Stop above 8080.

 

Seems the 8000 level will be tested again. I went short at .8011 last night. Wide-ass stop.

 

Ever hear of the cycle gurus? The one that follows the AUD predicted a currency cyclical top on it for the medium term. I've found these guys to be very reliable over the years, they manage billions. So even if I get stopped out, I'll look to re-enter short.

 

I found this (below) to support that theory...I'm sure contradictory theory could be found, also.

http://traderscommunity.com/trader/forum/forum_viewtopic.php?101165.0#post_103522

 

Closed it last Friday at .7981.
Strong support around .7900?

 

My stop was hit, but I opened the same short at 8100 on the NFP spike, as I said I would do.

 

What I see on the daily chart below.
Maybe further upside resistance at .8000?

 

I don't know where it's going (AUD/USD). I really don't.
If it doesn't break .8100, is it time to short again?
May get good support around .7800.
I closed a EUR/AUD short this morning for +110, so that's ok.

 

I'm still short at 8100 and will hold. Patience, young patawan.

 

Aussie employment numbers at 9:30, which prob. won't be enough for significant impact. I'm flat right now.
I see a resistance line at approx .8114, so perhaps a limit short at around .8100.
Patawan? Patawanker.
Young? Appreciate that.