EURAUD

[expiated]

Looking at this pair from a birds-eye view, I'd say EURAUD has been relatively range bound ever since about September 13, zigzagging and side-winding up and down something fierce.

However, it appears to me that the immediate bias has just turned bullish over the last two days, and my data suggests the rate is presently sitting on an area of statistical support with about 60 pips of room up above before hitting statistical existence, hence my entering a long position.

 

[expiated]

...my data suggests the rate is presently sitting on an area of statistical support...

Support did not hold, so I will be looking to reenter a long position if and when the rate crosses above my so-called "trigger line."

 

[marc82much]

I am hanging on every post!

 

[expiated]

I am entering a EURAUD long position seeing as how the pair has made contact with my trigger line. This is even though, technically speaking, the candlesticks have yet to cross over the indicator.

I'm doing this primarily because I have already forfeited from 50 to 70 pips of profit due to my being so conservative in the first place.

(It looks like I have already gained a few pips just while I was typing this post.)

 

[expiated]

(It looks like I have already gained a few pips just while I was typing this post.)

I quickly locked in 10 pips of profit while the opportunity was there, and then reentered the position in the hopes of gathering another dozen or perhaps even a couple of dozen over the long haul.

 

[expiated]

I quickly locked in 10 pips of profit while the opportunity was there, and then reentered the position in the hopes of gathering another dozen or perhaps even a couple of dozen over the long haul.

That took a few hours, but EURAUD finally gave me another 17 or 18 pips of profit.

 

[TrendSpider_Jake]

EURAUD is trading in a very strong uptrend on the weekly and is showing some support below around $1.59 on the daily candle.