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AUD/JPY Short Term – 26 Aug 2009

August 27th, 2009 FibMaster
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Originally posted by “Cal”. Wed Aug 26, 2009 11:09 am

snapshot-16

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FibMaster what is your short term take on this with Daily and 240 min TRSI dwn? 30min up and 60 crossing up.

Originally posted by “FibMaster”. Wed Aug 26, 2009 11:19 am

I can’t get excited about AUDJPY right now. Support at 78 area, could bounce. Would like to short it up at the top of the bigger channel which is noticeable on 4 hour chart.

Originally posted by “Cal”. Wed Aug 26, 2009 12:06 pm

I agree. The other scenario is we break thru 78 and sell the rallies!

Originally posted by “FibMaster”. Wed Aug 26, 2009 6:25 pm

090826_audjpy_sr03

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That’s where we are right now. Make sure I don’t miss this, need a rally to short.

Into shorting zone now.

Originally posted by “Kim”. Wed Aug 26, 2009 6:31 pm

Hi Neal,

I think rally to 77.60-77.80 will be a good scalp SHORT entry down to the SK support @ 77.00.

Regards,
Kim

Originally posted by “Cal”. Wed Aug 26, 2009 6:48 pm

Hi Kim
Never mind it’s there! 77.7

Originally posted by “FibMaster”. Wed Aug 26, 2009 8:18 pm

090826_audjpy_sr04

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I see it. Would even short if it went to the next resistance at 77.90 area.

5 min short trigger. Let’s see if there is any follow-through. No scalps shorts above 78.00 different picture up there.

Originally posted by “Kim”. Wed Aug 26, 2009 8:25 pm

Hi,

Anyone entering this scalp shorting trade, it reached 77.77 and headed down to 77.41, may head down further based on 5/15min chart. I’m not really keen on scalping trade so I didn’t enter. Moreover, my long term view is still bullish (on DOW and other indexes) so my mindset is difficult to adjust to shorting now!

Regards,
Kim

Originally posted by “FibMaster”. Wed Aug 26, 2009 8:59 pm

090826_audjpy_sr05

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Exit trigger, 30-pip move total. See chart with zoom of TRSI signals. Scalp is over. If it breaks lower, short more rallies! If not, we’ll watch how it behaves at resistance again.

Originally posted by “Kim”. Wed Aug 26, 2009 9:17 pm

Hi Neal,

This should be a very good typical example on how to scalp in the low time frame 5/15/30/60 mins chart!

Regards,
Kim

Originally posted by “FibMaster”. Wed Aug 26, 2009 9:19 pm

Right Kim…

How to score a quick 20-30 pips, no sweat, no stress. Nice and tidy. TRSI and Fibonacci, trade the intelligent way!

Nick-name for that trade “Fish in a barrel”.

Categories: AUD/JPY, FOREX
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