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Posts Tagged ‘AUDUSD’

AUDUSD 5 mins

May 9, 2011 Leave a comment

Quiet Monday. Busted first trade. Crappy day job just craps more on you everyday.

Target @ 1.0705.. 5 pips before round number support.

Time for bed.

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AUDUSD 15 mins (-18pips)

May 9, 2011 Leave a comment

Charts to be posted in later in the day

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AUDUSD 5 mins (+3pips)

May 6, 2011 Leave a comment

Another trade to end the drought and bad streak for week 1 of month 2?

Target is previous swing high, approx 40 pips, 1.5 times of max risk.

Subsequent Update

This is damn ghey. One moment up 30 pips, one moment stopped out for 3 pips.

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Classic case of “You snooze you lose”

May 3, 2011 Leave a comment

Interesting how things unfold so fast.

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AUDUSD 5 mins (-21pips)

May 2, 2011 Leave a comment

First trade of the week.

Target 1.1000, trailing stop of 25. RBA announcement tomorrow morning. What will be in store? With the Aussie hitting all time highs, cash rate hike will probably be shelved till further notice.

ECB interest rate next big thing to look out for in the midst of the week.

Hopefully trading has resumed with all the holidays and all. Time to make some serious pips in pilot month 2.

Subsequent Updates

Hmm. I really can pick the losers eh. Word around is heavy profit taking around 1.1000 and speculating that RBA will cut 25bps from the cash rate.

Lookin at the chart above, the flip side is actually a successful trade. (Price rebounded off ema around 5-ish am).

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Record high for AUDUSD.. Again..

April 27, 2011 Leave a comment

Better than expected Aussie CPI sends AUDUSD to 1.0850.

At this rate it won’t be surprising to see AUD reaching 1.10 against the worthless piece of crap of a greenback.

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AUDJPY the sequel – 15 mins (+28 pips)

April 20, 2011 Leave a comment

Here goes AUDJPY again. USDJPY is currently @ weekly support of about 82.35 region. Probably will bolster a the rebounce of the AUDJPY.

Here’s how it looks:

Entry signals for 15 mins chart is simple. Just enter @ the EMA and set trail stop of 25 pips. Target’s previous swing high, 88.40! That’s like a whooping 60 pips away. Making the potential R:R for this trade 1: 2++! Will the market garner enough momentum to retest the high again? We’ll see. In any case, I have my trail stop in place. 🙂

Subsequent Update

Well I manually closed out for 28 pips gain.

Why? I guess I’m gonna give myself excuses again. But couple of reasons come to mind.

1) Its been a pretty tough week, so it certainly helps that I close a good trade that brings me 1 step closer to my weekly target;

2) AUDUSD seems to be topping @ 1.0670 – 1.0680-ish.. USDJPY 5 mins is trading below the SMA200. Seems to me that it might cap the upside gain. ON the other hand if I took the AUDUSD 5 mins signal, I would have made a perfect trade, target @ swing high:

AUDUSD 5 mins trade signal (Not taken but 35 pips potential)

Textbook EMA 62 trade (If taken)

Anyways the trade I took was a win which was slightly above 1:1 (R:R), but actually at that point in time my trail stop had already locked in a couple of pips. So actually R:R is more than 1:1 if you factor in the time variable (Market exposure risk).

Just like a fund manager, I need to manage my P&L first. After all this is my pilot month.