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EURAUD seems to be in a choppy range.... makes for great trading.

Shorted again @ 1.9672, covered at 1.9600 This was a continuation of the aforementioned chart which includes the reasoning behind the origination of this short idea... see above, white chart, horizontal lines and MA, etc.

Covered my short @ 1.9706

Zalzayani- It's great that you post here and your input is appreciated. However without some form of reasoning your posts would best be served elsewhere. This is supposed to be an idea-sharing forum and when you simply post entries and exits there's nothing the rest of us can learn/use to...

I believe it's called profit

If there's one thing I know it's to stick to your convictions when trading unless proven wrong by the price action. I reopened my EURAUD short @ 1.99. Trade remains valid until daily close above DMA and resistance scalp line.

As long as the close is below the two lines of resistance (DMA and scalp line) we should be good to go.

Price hit very strong resistance from a horizontal scalp line and the 25x5 DMA at ~1.9920. The price has hit and declined three times in four days and eight times in the previous four months. Next level of support is 1.9515. Stop around 1.9930.

Displaced Moving Average 25x5 - 25 period MA pushed forward 5 periods Reduces whipsaws and provides strong confirmation of trend continuances/reversals

One quick note to all posters: Please explain your reasoning for your trade opportunity. Don't just post some nonsense, say the price is going from X to Y, and that's it. Add in some sort of explanation - it can even be written onto the chart. That being said, here's another EURAUD short...

Are you concerned with the consumer sentiment figure coming out in 15 mins?

Where do you get your forecasts or how is it developed such that you're able to have confidence in those predictions?

How is this to be interpreted?

took a short USDCAD position stop @ 1.2690

forex4noobs.com

USDCAD Short - range trade See attached

GBPCHF Short See chart

Strong bullish momo on GBPUSD and USDJPY - I favor USDJPY for the open.

Congrats bud. I'm working up my trading plan for next week right now and EURAUD looks to play a significant role.

EURUSD Short See attached