Stop was hit. I was hoping for some short covering before the Asian markets (for fear of BoJ) but went too quick thanks to Uncle Ben. Would like to go long at 88.5 or 89.2.
Good to see some trading. I was beginning to think this thread was abandoned, but my "ignore" list is pretty long also. Long EUR/AUD. Gigantic stop. At the current trend, I should be "back in black" sometime late Thursday:eek: !!! I'll post a screenshot when I pull the ripcord.
This is a little late but bought 50,000 units on the break of the aud /usd IB on the 30 min TF at .6902 looking for .6950. But might take a few units off soon and bring the rest to b/e . My stop right now is at .6877
Took 20,000 units off at .6925 and brought thestop on the rest to b/e. Still not sure if I should be at be/ or be/ plus 10. I do want to give this room to move. so for now I am at b/e with the stop
I think there's some significant upside to the AUD/USD pair. I also read overnight that Morgan Stanely is calling for sub .50 in this pair for next year. I think that is a bit insane.
Out of the rest at .6948 didnt want to wait for the round number just in case. Wow sub .50 that does sound insane! This for me anyways was a good trade not becuase I made money but because I am trading off a 30 min chart and thats something that is the hardest for me to wait for those setups, I am a scalper and sometimes micro scalper on the indicies but I am trying to turn over a new leaf and wait for the good setups. So I am more happy with my patience then the money. I have had some losers this week due to my patience and taking out early of a setup that would have been a winner just becuase it went against me 10 pips or so. So its a battle but I am going to win it
S/R line at approx 2.0505. Longer term charts show an overbought condition. I would agree. I bailed below the s/r line mentioned, 2.0474. Had a strong bounce on yesterdays support, which kept me in the trade, but I agree on the pullback thought. http://i40.tinypic.com/2dtrqkg.jpg[/IMG]
AUDUSD now at .6971, shows how much I know about the even numbers like .6950 stopping the charge, still have lots to learn about exits to maximize profits