I’m booking my 140 pip profit (see trade) as I want to concentrate on the AUD around the time of the RBA. (Plus I see @FXWW303 is also booking profits on his intraday shorts and his levels are usually pretty good).
We might get some triangle consolidation for the rest of the month in the yen crosses. I think September used to be bad for equities (correct me if I’m wrong) and I think we’d need some S&P500 losses for breaking the summer ranges in USD/JPY. Otherwise this has been a swing trader’s dream the last month or two.
My order has not been filled at 97.80 for this overnight. I just covered at 98.38, I book +109 pips :-). Lets try other sell rallies for this pair near 100.00 ??
Thanks Sean, ok I will focus on this pair, my last trade on AUD/USD were positive 😉 . On the technical side, I guess we have massive resistance at .9000 (previous support)/.09015 (Fibio retracement) – see chart ?? http://img22.imageshack.us/img22/4126/xnd3.jpg
Agree Susanna, also need to keep eye on positioning in case we get August squeeze. But at this stage, sideways stopping everyone out is certainly looking likely
That seems a nice plan, on the technical side we have a triangle on USD/JPY 98.00/100 (see chart), could be interesting to play with these parameters ?
We might get some triangle consolidation for the rest of the month in the yen crosses. I think September used to be bad for equities (correct me if I’m wrong) and I think we’d need some S&P500 losses for breaking the summer ranges in USD/JPY. Otherwise this has been a swing trader’s dream the last month or two.
Hi Sean,
My order has not been filled at 97.80 for this overnight. I just covered at 98.38, I book +109 pips :-). Lets try other sell rallies for this pair near 100.00 ??
Unlucky Papillon, missed by few pips 🙁 Watch AUD/USD closely I think, might be worth buying at some stage
Thanks Sean, ok I will focus on this pair, my last trade on AUD/USD were positive 😉 . On the technical side, I guess we have massive resistance at .9000 (previous support)/.09015 (Fibio retracement) – see chart ??
http://img22.imageshack.us/img22/4126/xnd3.jpg
Agree Susanna, also need to keep eye on positioning in case we get August squeeze. But at this stage, sideways stopping everyone out is certainly looking likely
Agree papillon, wait n see if it breaks then start buying dips imho. Otherwise leave alone and maybe try re-sell usd/jpy 9950?
That seems a nice plan, on the technical side we have a triangle on USD/JPY 98.00/100 (see chart), could be interesting to play with these parameters ?
http://img850.imageshack.us/img850/9982/pd3q.jpg
China selling USD/JPY in recent trade according to 888