Comments on: EUR/AUD: Technical trade, long with stop below 1.2320. https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/ The Professional Source Thu, 02 May 2013 06:06:36 +0000 hourly 1 By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-20453 Thu, 02 May 2013 06:06:36 +0000 http://fxww.dreamhosters.com/?p=6846#comment-20453 Not a master, otherwise I’d be retired ages ago 🙁 I can survive, which I guess is an art in itself

]]> By: Papillon https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-20451 Thu, 02 May 2013 06:02:09 +0000 http://fxww.dreamhosters.com/?p=6846#comment-20451 Thanks Sean for the reply. I figured out the key level was at 1.2400 (you bought aggressively at this level) and then you added on the dips not on the break. You are a master in this art, BRAVO !!

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-20443 Thu, 02 May 2013 05:37:30 +0000 http://fxww.dreamhosters.com/?p=6846#comment-20443 This is basically what I did; bought 7 lots 12400, sold 2 lots 12650, sold 3 lots 12735, bought 3 lots 12635 (there were a few other small trades but they were more or less in/out at same level). So now I’m 5 lots long with an excellent average and will look to sell 2 at 12950ish. Something like that. Won’t get rich on the trade but 6 or 7 trades like this thru the year make my life a lot easier. Then the swing trading is a bonus

]]> By: Papillon https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-20441 Thu, 02 May 2013 05:28:55 +0000 http://fxww.dreamhosters.com/?p=6846#comment-20441 Good evening Sean,

I guess, you are still in on EUR/AUD. We have broken clearly 1.2775 yesterday. How did you manage your building position. Did you add on the break or do you wait the pullback and then you add ?

]]> By: Danny https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19341 Fri, 05 Apr 2013 02:30:28 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19341 In reply to Sean Lee.

oh yes 1.28.i must have quoted 1.58 out of thin air.

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19339 Fri, 05 Apr 2013 02:21:48 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19339 Danny, 128ish you mean

]]> By: Nachiket https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19337 Fri, 05 Apr 2013 01:45:13 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19337 aussie is stuck in a tight band and is simply moving

]]> By: Danny https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19335 Fri, 05 Apr 2013 01:38:51 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19335 whats your limit on this? 1.58ish?

]]> By: Nachiket https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19334 Fri, 05 Apr 2013 00:47:41 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19334 I am in with you.

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19332 Fri, 05 Apr 2013 00:44:14 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19332 Thanks Tony

]]> By: Tony Darvall https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19329 Thu, 04 Apr 2013 23:48:42 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19329 http://www.efxnews.com/story/18001/5-reasons-buy-euraud-targeting-12988-macro-trade-anz

correction on link

]]> By: Tony Darvall https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19328 Thu, 04 Apr 2013 23:47:22 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19328 ANZ put out a Macro trade last week long to 1.29 for 5 good reasons

http://www.efxnews.com/story/18001/5-reasons-buy-euraud-targeting-12988-macro-trade-anzv

]]> By: Lam-Son https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19325 Thu, 04 Apr 2013 23:35:57 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19325 In reply to Sean Lee.

> Thanks for your input!

]]> By: Lam-Son https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19324 Thu, 04 Apr 2013 23:35:02 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19324 In reply to Sean Lee.

> Your fond memory of Aussie $ reminds me of the old days. But I tend to compare world currencies to military powers. After a major war, world military powers are put in new order depending on how they lost or won the war. Similarly, after a global downturn, currencies are put in a completely new order that will stay for many many years to come. Just my thoughts 🙂

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19322 Thu, 04 Apr 2013 23:01:31 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19322 Thanks Drive, good call, I did really well on this pair for a year or so but the last few months have been tricky timing-wise. I’ve had the direction right but get stopped out 50 pips before it moves. Might well happen again but we gotta try

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19321 Thu, 04 Apr 2013 22:45:45 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19321 Hi Jasper, I can remember this pair trading near 2.00 just a few years ago! At some stage price does become important. Or maybe I’m just trying to convince myself 🙂

]]> By: FxDrive https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19320 Thu, 04 Apr 2013 22:25:44 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19320 Happy to be on the same train Sean. I actually bought the pair at 1.2260 and recommended it on blog. This is my second attempt to enter long, since i missed the timing on first one. but anyway so far the profits exceeded the losses so now looking to ride it higher. towards 1.2550 or more.

]]> By: JasperD https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19319 Thu, 04 Apr 2013 22:10:19 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19319 Hi Sean! The technicals are compelling, but fundamentally it feels hard to short AUD with the economy strengthening and RBA on hold…

]]> By: Sean Lee https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19318 Thu, 04 Apr 2013 21:44:55 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19318 Flags and pennants only work in solid trending markets and AUD/USD is totally sideways range-trading imho Lam-Son. More likely more range trading ahead and wait for something to break the impasse

]]> By: Lam-Son https://fxww.com/euraud-technical-trade-long-with-stop-below-1-2320/#comment-19317 Thu, 04 Apr 2013 21:31:14 +0000 http://fxww.dreamhosters.com/?p=6846#comment-19317 G’day Sean!

What would you comment on your AUDUSD chart? Do you mean the pair is forming a flag pattern and will continue going higher?

]]>