AUD/USD

stevegee58 · May 11, 2009

I've been watching this pair for a few weeks. A very nice uptrend.

I drew that green trendline last week. Look how it's just bouncing:

This is all I do; trading horizontal and sloping trendlines.

KrispyKreme50 · May 11, 2009

How did you get rid of the weekend bars?

davidmaria1 · May 12, 2009

Quote from KrispyKreme50:

How did you get rid of the weekend bars?

Oanda has a few decent features, despite what some say.

stevegee58 · May 12, 2009

Price bounced 50 pips overnight and retraced back to support. I'm currently in at 7620. My stop is below support; if I'm stopped out, I'll look for another re-entry opportunity. I drew a downtrend line that must be broken before I add to the position (if it moves higher).

stevegee58 · May 12, 2009

Now that's what ah'm talkin' 'bout.

The purple line is the new accelerated trendline. I'll try to buy dips to it.

davidmaria1 · May 13, 2009

Re-entered long at 0.7529.
Green horizontal is daily support, for what that's worth!

stevegee58 · May 13, 2009

Sucker fell outta bed, didn't it? I was probing for a potential multi-week ride but ended up with a day trade profit.

Hate to say it, but it looks a lot like a double top on the 3 hour chart.

7525 is the 50% retrace from the low on 5-May to the high on 10-May. It's looking like it might bounce from there.

IShopAtPublix · May 13, 2009

Quote from KrispyKreme50:

How did you get rid of the weekend bars?

DO NOT ignore the weekend bars. Any type of trading that goes on is important. If you "cut out" a certain portion you distort the chart big time.

stevegee58 · May 13, 2009

I only filter out the ones that go tick tick tick straight across. My filter opens back up at noon Sunday eastern US time.

davidmaria1 · May 13, 2009

Quote from IShopAtPublix:

DO NOT ignore the weekend bars. Any type of trading that goes on is important. If you "cut out" a certain portion you distort the chart big time.

Weekend bars.
I spent many weekends in bars. Trading went on constantly.
Money for beer, beer for sex, sex for drugs. I "cut out" the whole scene entirely.
Sorry Publix, couldn't help myself.