• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

  • Home
  • Start Here
    • Back to Basics of Trading
    • Resource For Traders – The Best Tools for Traders
    • Learn Trading Articles
    • Sierra Chart Resource
  • Blog
    • Blog Posts
    • Other learning resource
    • Dummy Collection
    • Harmonic setups
  • About Me

Is it time now? AUD/USD….uhm…..

by Gav Leave a Comment

It is end of March. Sky above Melbourne Australia is kinda grey-ish. Rainy autumn days. Does it set up the mood to short some Aussie dollar? :o: .. Unintentionally, I have been trading AUD/USD for quite sometime. Maybe it is because, it is now my home currency, or maybe it is just because commodities currencies are in play for the past few months. Whatever it is, AUD/USD did give me some profit, that’s the point.

OK, for long term holding, I am still bullish about Aussie dollar. However, I am not adding/establishing new long position at the moment. Things are not looking good, in my definition, yet. I might do a couple of day trades (in the short side) in the coming days/weeks. Looking into shorter time frame (4-hr for example), we are indeed in a small downtrend since mid-march. Btw, my ‘proprietary’ momentum indicator (Long Black, named after my favorite coffee 😆 ) is not bullish, yet.

Here is the….. CHART!

[photopress:audusd28march2008.gif,full,1]

And here is the ….. Trend Score

[photopress:audusd28march2008_trend.jpg,full,1]

about this tool

Filed Under: Trading Journal Tagged With: Forex Blogroll, FX, Trading Journal

Reader Interactions

Comments

  1. forex blogger says

    at 12:53 am

    It seems that something may be happening, even the fundamentals are looking stronger for the dollar.
    It was a good ride though.

    Reply
  2. forex blogger says

    at 11:53 am

    It seems that something may be happening, even the fundamentals are looking stronger for the dollar.
    It was a good ride though.

    Reply
  3. Dave says

    at 3:16 am

    Certainly looked ominous for the Aussie back then. As you’ve no doubt seen, we’ve busted that downtrend line starting at .9350 (with four points) on Friday afternoon (our time).
    Looking good from here… perhaps a double bottom in gold will cement things….

    Reply
  4. Dave says

    at 2:16 pm

    Certainly looked ominous for the Aussie back then. As you’ve no doubt seen, we’ve busted that downtrend line starting at .9350 (with four points) on Friday afternoon (our time).
    Looking good from here… perhaps a double bottom in gold will cement things….

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Tools For Traders

My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

About Me

Footer

Recommend FX Charting

Recommended Training

FXSAnalytics

Copyright © 2023 · Affiliate Disclosure · Privacy