Tag Archives: AUD

Paper trade: Closed AUDUSD short @ 0.9057 for +126, +26, -13 pips

By Paul | Published: January 21, 2010
My AUD/USD short from yesterday played out exactly as I planned.  But I took profit a few pips earlier than I wanted because the bounce from 0.9025 fooled me.  As you can see from Figure 1, AUD/USD is resting on 0.9000 support as I predicted.  Now the million dollar question is, should I go long [...]
Posted in Aussie, Kiwi, Loonie | Also tagged exit, good trade, paper trade, USD | Leave a comment

A change of wind for Australian dollar: Shorted AUDUSD @ 0.9183 and AUDCAD @ 0.9546

By Paul | Published: January 20, 2010
I have been barking up the short-Aussie-tree since the beginning of the year.   See post #1, #2 on AUDJPY, and #3, #4 on AUDCAD for the long term analysis.  (Also see my post on being early shorting the Aussie.)  Anyway, now that AUDUSD has backed off the 9300 level with a bang, it seems that [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, paper trade, USD | Leave a comment

Paper trade: Short AUDCAD @ 0.9583, Stop 0.9670

By Paul | Published: January 11, 2010
Gold price made a 15 point jump over the weekend to 1160 and is consolidating now (Fig. 1).  Crude oil tested 84 and is back down to just above 83 now.  Yet, AUDCAD is still struggling to break above 9600 (Fig. 2).  You would have thought that AUDCAD should mustered enough momentum to break above [...]
Posted in Aussie, Kiwi, Loonie | Also tagged CAD, entry, FTR, paper trade | Leave a comment

Paper trade: Short AUDCAD @ 0.9489, Stop 9540

By Paul | Published: January 6, 2010
I’ve been stopped out of all my Aussie shorts on the breakout today. But my setups for AUDUSD and AUDJPY are still intact as the resistances are still safe. Having failed so many times in shorting AUDJPY (first try, second try), I am taking a conservative approach on that particular play. Although those setups are [...]
Posted in Aussie, Kiwi, Loonie | Also tagged CAD, entry, FTC, paper trade, short | Leave a comment

Paper Trade: retrying AUDJPY short @ 84.52, Stop 85

By Paul | Published: January 6, 2010
My previous AUDJPY short entry was early as I surmised (entered without short-term confirmation).  I made a number of ins and outs with that trade as depicted in Figure 1.  Some were winners, some were losers.  In all, it’s around breakeven in that trade.  However, I have re-entered this short in AUDJPY just now at [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, JPY, paper trade, short | Leave a comment

Paper trade: Short AUD/JPY @ 84.53, Stop 85.00

By Paul | Published: January 4, 2010
I haven’t done one of these trade analysis post for weeks.  So I thought I’ll start the year on this promising long term (more than a week) trade on one of my favourite currency pairs, AUD/JPY.  This entry on shorting AUD/JPY is executed according to my Forex Trend Reversal (FTR) setup.  Figure 1 shows the [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, FTR, JPY, paper trade, short | Leave a comment

AUDJPY Short 81.37/77.17: Anatomy of my first 400+ pips trade

By Paul | Published: November 26, 2009
420 pips in my demo account to be exact.  Still, I feel very lucky. In this post, I will review why I entered this position, why I added to it, and why I exited.  The goal is for myself to learn from what works and what can I do to improve on this trade given [...]
Posted in Aussie, Kiwi, Loonie, Self Assessment, Trading Signal, Trading Strategy | Also tagged entry, exit, FTR, good trade, JPY, paper trade, short | Leave a comment

How to use FX futures to narrow down which forex pair to trade

By Paul | Published: November 20, 2009
A problem I have is that once a currency pair shows a viable trading setup, other related pairs often show the same setup too.   A reason for this phenomenon is that markets don’t operate in a vacuum.  When markets really move, everything move together.  So the highly correlated markets can scream for entry at the [...]
Posted in Trading Strategy | Also tagged indicator, JPY, USD | Leave a comment