Posts Tagged audusd

Why it’s Important to be Consistent Trading. My Trading Results for the Week

Why it's Important to be Consistent Trading. My Trading Results for the Week

This week we had two trades.. AUDUSD long and EURJPY long. I'll go through both of these and why I entered. Firstly AUDUSD [caption id="attachment_7671" align="alignnone" width="580"] Long AUDUSD[/caption] I went long here as the market had found a base.. it had retraced after a move up and I thought it would actually move above the previous resistance point at around 10600 and if it did, a huge move above. The following day, the market indeed shot up and if I was cautious and doing my

January 27, 2013 No Comments Full Story

Woke up richer by buying the Aussie (AUDUSD)

Woke up richer by buying the Aussie (AUDUSD)

[caption id="attachment_7664" align="alignnone" width="599"] Buying AUDUSD[/caption] Last night, I went long the Aussie (AUDUSD) forex pair at 10517. From the chart you can see that there was support at 10500 and the trend had been up so this was a retracement play. The first target is the high at 10600 but what I would really like to see is a break of this.. if so, we should see a strong move upwards. I could take profits around 10600... to be safe, 10590 has more chance of making it but

January 22, 2013 No Comments Full Story

Pinbar entry on AUDUSD nets 50 pips

Pinbar entry on AUDUSD nets 50 pips

So when the markets opened last night, I saw that there was a bullish pin bar. It was very apparently and had a very long tail which signifies strong buying. I tend to trade with the trend using the moving average line to ensure that I only go long when the price action is above the line and short when the price action below. However, when you get such a strong signal I couldn't just leave it. So I was rewarded this morning it started going up...  my initial trade was long at 10354 with

November 19, 2012 1 Comment Full Story

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