Trading -AUD/USD

I got long a full load at 9567

I've been stopped out 25% at a time all the way down

Now I have a min load on and will let it run against me for all eternity in hopes one of my other long dollar positions (which are all still at a full load) covers some of the loss (which so far they are doing.)

I have buy stops in for 25% each at 9519, 9536 and 9566

If they all get hit I will have a full load on again (at a slightly better price.)

so at the moment, long aud.usd is my largest loser, but now it is my smallest position
 
Quote from kid.fx.cross:

I got long a full load at 9567
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Oh Lord, why on earth do you want to go long, when the AUD/USD is clearly in downtrend mode?

Personally I shorted the Australian dollar at 0.9550 (75 pip profit so far) and the position will be left open until the trend breaks.

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This and the pound have been the best swing trading instruments this year, glad you guys brought it up. Fwiw I would start getting long at 9390 simply because I think there will be a third leg up to 9870 and there seems to be good value there. I'm not really sure if we'll get down to it so I might scale in aka add to a loser. If it gets below 9390 and stays there then I know I'm wrong.
 

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Quote from riskaddict:

This and the pound have been the best swing trading instruments this year, glad you guys brought it up. Fwiw I would start getting long at 9390 simply because I think there will be a third leg up to 9870 and there seems to be good value there. I'm not really sure if we'll get down to it so I might scale in aka add to a loser. If it gets below 9390 and stays there then I know I'm wrong.
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Even better than the Australian dollar, the EUR/JPY is about to go up any minute now, watch it carefully... :cool:
 
Quote from tradingjournals:

AUD/JPY at 93.60. Within around 10 pips from a confrontation between sellers and buyers.

Minus AUD/JPY at 93.60.
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Nice shooting star at resistance level on the AUD/JPY (15 min), Bank of Japan Rate Decision due in a few hours, let's see...
 

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eur/jpy: did not notice this pair until after it broke below 135.08. MINUS at 134.70. Partial with add planned below 134.60 area. Idea of this pair is that it might mimic stock markets. Thinking this might be like a reverse V. top. Concerned about possibility of a sharp rally to make a possible head-fake.
 
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