Aud/usd

I am in the same trade shorted at .7578 yesterday (as posted on the aud/nz thread). I think this will work out for us, as despite new highs on EUR/GBP/CHF against the dollar today, the AUD/USD hasnt beaten yesterdays high.
Also the RBA meet next week, and I dont think they'll raise, hitting sentiment further.
I think this trade has atleast 100pips profit in it.
 
I have not been trading much because a friend of mine has terminal cancer, so taking a great deal of vacations.

My patience has paid off though :)

I placed a short AUD/USD position .7540 in late april and just closed it at .7327 213 + pips

Today is a good day :)

I'll be back to the boards soon, hope all is well everyone.
-Kastro
 
Any of you guys have any Long Term opinions on the next direction of this pair. Some of my studies show a very strong possibility of a new direction starting for an extended number of months.

Problem is I can't tell if it is down or up??

Looks like a move down to me but I do not have a strong conviction on this. Anyone have any insight. I am dollar bullish in general but I do not know this pair that well. I feel that a commodity leg down is coming but I am not sure if this applies well here. I have an account that I am working on some Long Term trades in and I was just wondering what everyone has to say.

Thanks in advance.

DRT
 
I'm long AUD and have been since June 23rd, which was before last month's FOMC announcement. Reasons stated in this thread this forum: any blockbuster forex trade setups?
 
Quote from downrivertrader:

Any of you guys have any Long Term opinions on the next direction of this pair. Some of my studies show a very strong possibility of a new direction starting for an extended number of months.

Problem is I can't tell if it is down or up??

Looks like a move down to me but I do not have a strong conviction on this. Anyone have any insight. I am dollar bullish in general but I do not know this pair that well. I feel that a commodity leg down is coming but I am not sure if this applies well here. I have an account that I am working on some Long Term trades in and I was just wondering what everyone has to say.

Thanks in advance.

DRT
More...

The commodity position absolutely applies to AUD/USD.
 
I see a sell in this. I just sold a single lot at 7492. Think I will just trade it small for a while to get used to the price action. I am sure I will learn the hard way....by losing several times.

DRT
 
Aussie holding up darn well on a day otherwise given over to USD bulls.

Quote from Chood:

I'm long AUD and have been since June 23rd, which was before last month's FOMC announcement. Reasons stated in this thread this forum: any blockbuster forex trade setups?
More...
 
You must log in or register to reply here.
Back
Top