Ivan's Trade Thread, part II

Quote from Ivanovich:

Next short area for this pair, in my humble opinion, is the 1.93 range.

I think you may be right. I was looking short today, never saw the long right in front of me.
 
1.9360 is 2nd level of resistance. That's also why I put a tight stop. The pair seems to be ignoring s/r levels.

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Hi all,
Traded for the last 6 years. IT job but graduated in Accounting. really want to trade for a living in the next couple of years. and will invest more money if my trading succeeds this year.
Have lost close to 50K USD over the first 3 years. Demo traded for the last 3 years and have now re entered.


Account : real
balance: $2000
Position sizing : 10%
 
Went short EUR/AUD again this morning, wide-ass stop which has been moved to 10 above break-even. Have a target below 1.8900, but, if we don't get stopped, we may see resistance around 1.9100. Trendline on 30 minute was added after 5 pm eastern, drawn from 9:30 bar to 1500 hrs bar.


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