My last published post for AUDUSD was when the price was at 0.76 with a target of 0.68 which has now been hit twice and there is only more bad news for AUD, continue shorting.
Thoughts on the Australian fires kicking starting the next recession? It is causing havoc here and I think people will underestimate the damage it is going to cause to the country/economy. I have AUDUSD, AUDJPY shorts and GBPAUD longs.
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Picture below is my short position at the yellow line shown in the daily chart above.
Only add more positions when winning. Right now I am bombing the lows heading the into the stop zone below, I expect a slight pull back soon in which I will take small profits but begin to short the whole entire move down under in the yellow which is the area bulls will lose money.
I am shorting the bottom to force the market down and maximize the profits of the positions I have built into the market. If the market reverses on me I will close all positions before my account goes into negatives. my maximum risk right now is the floating profit i have - worst case scenario is breakeven for the week. Best case is i make 20% +++ As you can see I have the top positions of every pump.
Potential for a temporary bottom forming. I could be wrong but I have lowered my risk by hedging into longs and targeting that area shown.
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As I have a bearish outlook for AUDUSD holding longs is hard for me so i decided to close early and start to short again. Currently 3.6% floating profit to spare if it goes against me I will close before negative equity.
I am as short as one can be short and I am ready to destroy the low with everything I have. Currently sitting at 7% floating account profit, if I am wrong I will close all positions at about 2% profit.
gyazo.com/98e0fecf35d006d9dcbc9cdba26ae114 After the Fridays big drop I lowered my exposure dramatically coming into the weekend because whatever profit you do not take you do not have.
The below picture is my plan, if the market wants to continue dropping next week I will simply short the bottom again but my plan is to try and wait for that perfect area I have marked. "The best entry is when people are losing money" Good luck everyone.
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Ballz deep.
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After the market opening with a gap down I decided to double down to extreme levels of risk on all my short AUD symbols (Not just AUDUSD) I have lowered my risk dramatically while still holding enough to be happy, now I am waiting for a bounce or some different kind of price action that does not include my shorting me the bottom again. Everyday is different but right now I am looking for the gap to be tested again and hopefully land the perfect short right in the middle of the gap while still keeping it open a little because who doesn't like an open gap ;)
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I run multiple accounts to avoid making a woopsie and being forced to close all positions or being liquidated and missing out on massive moves, the below pictures are from my major account which I take above average position sizes one and look to hold for the longer term moves.
As I had made so much % profit I decided to risk a portion of my winnings to continue shorting as much as I can for one more wave. I made another 400%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.