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AUD/USD

Quoting HelloOz
failed to close below,
not sure what will happen now,
is 38.2fib a reliable indicator?

There's four badly drawn lines which indicate current possibilities in my mind. If the yellow line comes to fruition, I believe this would create a MAJOR move down way way down beyond down's dreams. (Something like .85)

Considering next week is Thanksgiving, I would think volume will be low. (This will be my first holiday season for trading. Almost 4 months to go for my first year.)
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Play the players, not the cards.
Quoting GnarlyPips
There's four badly drawn lines which indicate current possibilities in my mind. If the yellow line comes to fruition, I believe this would create a MAJOR move down way way down beyond down's dreams. (Something like .85)

Considering next week is Thanksgiving, I would think volume will be low. (This will be my first holiday season for trading. Almost 4 months to go for my first year.)
im thinking Red line more likely...
Bot or not, profit is the name of the game!
Quoting fxtyrant
well looking at the daily chart EMA 200 being at 1.0316 today was where AUDUSD found support....
problem is we need a bullish candle TODAY if we are to bounce back up... otherwise we COULD still be in the down move...

Tyrant I feel that you are either a banker trying to fill people with bogus trades or that you cant trade! I dont know why I feel this but I just do! I've read many of your posts and you talk a good game thats for sure. Looking at your trades explain to me/us why you are -500 pips on your open trades. Trading is simple really, trade what you see and dont guess where price will take you because you will end up with egg on your face!!

Also one of your trades is or was -200 pips, why have you let it go that far without cutting your losses?
Trading comes quickly, patience and discipline does not!
I've got a pending short on e/a at 1.2357
Trade YOUR plan.
Quoting Daddypips
Tyrant I feel that you are either a banker trying to fill people with bogus trades or that you cant trade! I dont know why I feel this but I just do! I've read many of your posts and you talk a good game thats for sure. Looking at your trades explain to me/us why you are -500 pips on your open trades. Trading is simple really, trade what you see and dont guess where price will take you because you will end up with egg on your face!!

Also one of your trades is or was -200 pips, why have you let it go that far without cutting your losses?
Dude because you and i trade different timeframe and different lot size... i trade the daily and weekly chart... -200 pips is nothing when im aiming for 400 pips profit... have i mentioned im eyeing at 0.97/0.98 region for the AUDUSD??

please.... dont judge how i trade..... in fact judge yourself and improve yours... no reason for you to judge me... its not gona do you or i any good....

You wont benefit, and i surely wont benefit from having my own strategy doubted by so many people when it works for me....

so PLEASE.... calm your balls dude.... besides i aint no Banker... I have made myself VERY CLEAR im a university student, currently 20 years old... though i did work for financial institutions for advisory work but not on the trading side of things yet....

so im NOT in the banking sector YET....

and i am NOT GUESSING....

Maybe charts like these will show you exactly WHY i think 0.97/.98 area is feasible compared to people calling shit like 1.06 and 1.07
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Bot or not, profit is the name of the game!
306 is now support, closer it gets better risk:reward for a long swing trade.
Quoting fxtyrant
Dude because you and i trade different timeframe and different lot size... i trade the daily and weekly chart... -200 pips is nothing when im aiming for 400 pips profit... have i mentioned im eyeing at 0.97/0.98 region for the AUDUSD??

please.... dont judge how i trade..... in fact judge yourself and improve yours... no reason for you to judge me... its not gona do you or i any good....

You wont benefit, and i surely wont benefit from having my own strategy doubted by so many people when it works for me....

so PLEASE.... calm your balls dude.......
Look Im not looking for argument's Im just interested In people's workings and I find yours different! Its just the way you come across by talking like you know what will happen next and It's not good for others trying to learn!
Trading comes quickly, patience and discipline does not!
Quoting Daddypips
Look Im not looking for argument's Im just interested In people's workings and I find yours different! Its just the way you come across by talking like you know what will happen next and It's not good for others trying to learn!
go read the reply again... i posted some Long term charts to show you whats happening....
pay attention to the fib levels plotted see how we never managed to close above the retrace level of 61.8% form the top of 1.06xx to 1.0180
tells me the RALLY is still the retracement of the previous drop.... if this was an up move... the we would be seeing extensions say 12x% fibo levels.. but we are still under 100% fib retracement from the fall... says we are still being played in the previous down move....
Bot or not, profit is the name of the game!
Quoting Daddypips
Tyrant I feel that you are either a banker trying to fill people with bogus trades or that you cant trade! I dont know why I feel this but I just do! I've read many of your posts and you talk a good game thats for sure. Looking at your trades explain to me/us why you are -500 pips on your open trades. Trading is simple really, trade what you see and dont guess where price will take you because you will end up with egg on your face!!

Also one of your trades is or was -200 pips, why have you let it go that far without cutting your losses?
# of pips is irrelevant... always look at %'s that is the first thing you learn in any kind of trading.
Quoting sidhujag
# of pips is irrelevant... always look at %'s that is the first thing you learn in any kind of trading.
same... as long as my % gain is positive i dont care if pips are negative

thats cuz i use different lot sizes....
btw Gold still not looking bullish.... but its acting confusing now.... ever since it reaching 1660 i was expecting if its gona be a bounce itll reach 1780 or something....
Bot or not, profit is the name of the game!
Quoting fxtyrant
go read the reply again... i posted some Long term charts to show you whats happening....
pay attention to the fib levels plotted see how we never managed to close above the retrace level of 61.8% form the top of 1.06xx to 1.0180
tells me the RALLY is still the retracement of the previous drop.... if this was an up move... the we would be seeing extensions say 12x% fibo levels.. but we are still under 100% fib retracement from the fall... says we are still being played in the previous down move....
did you panic when it touch 61.8% ?
Quoting HelloOz
did you panic when it touch 61.8% ?
Reason i ask is JP closed all his position just after RBA decision.
but u didnt..
and i know that 1.055 is your last line of defence..
Quoting HelloOz
did you panic when it touch 61.8% ?
no.... because my trade zone for AUDUSD to stay bearish is below 78.2% and not 61.8%

and above 100%, will see me reversing my positions.
Bot or not, profit is the name of the game!
Quoting fxtyrant
no.... because my trade zone for AUDUSD to stay bearish is below 78.2% and not 61.8%
that explain the 1.055...

not sure if you check DB's forum but 1.05x is his current target price if it does go up.
maybe you and him have something in common
Quoting fxtyrant
same... as long as my % gain is positive i dont care if pips are negative

thats cuz i use different lot sizes....
btw Gold still not looking bullish.... but its acting confusing now.... ever since it reaching 1660 i was expecting if its gona be a bounce itll reach 1780 or something....
Yea high volume all over the place on every chart tells us something though..

question to ask your self when volume picks up.. would smart money sell after a top was in place like gold's top in sept? Or would they buy... I'm assuming the later.. There are sellers there coming in NY who want a lower price to buy... but they are getting consumed by the market... this is where we see market manipulators like JPM and HSBC lose at their metal manipulation game... the market is too big even for their unlimited contract sizes. The thirst for metals is unquenchable no one group can stop it... as soon as jpm and other ny crooks give up trying to drive price down then it will begin its journy.
The International Monetary Fund has given a stamp of approval to Australia's economic policies, commending the Reserve Bank's easy monetary stance and saying there was room to ease further if needed.


In a summary of its annual review of Australia's economy, the IMF said its directors also supported the government's budget-tightening plans.


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more to come
Quoting sidhujag
Yea high volume all over the place on every chart tells us something though..

question to ask your self when volume picks up.. would smart money sell after a top was in place like gold's top in sept? Or would they buy... I'm assuming the later.. There are sellers there coming in NY who want a lower price to buy... but they are getting consumed by the market... this is where we see market manipulators like JPM and HSBC lose at their metal manipulation game... the market is too big even for their unlimited contract sizes. The thirst for metals is...
indeed... but im not a big fan of gold.... gold to me is already a bad investment as it doesnt give me returns....
if i wana invest in metal Silver will be the thing.... simply because theres a higher chance Silver flys higher than gold...

simple explanation.... for example... Looking at Gold... i want to invest and make a 100% gain... for example if the price of gold being 1700, 100% gain means it needs to reach 3400.... thats almost impossible for the forseeable future...

where as silver.... looking at silver being at 32 for example... much easier for silver being 32 to reach 64 for a 100% gain....

just like investments in stock... its much easier for Apple to gain 100% return at 40 usd than it is to gain 100% at 400....
its mathematical theories.
Bot or not, profit is the name of the game!
Quoting fxtyrant
indeed... but im not a big fan of gold.... gold to me is already a bad investment as it doesnt give me returns....
if i wana invest in metal Silver will be the thing.... simply because theres a higher chance Silver flys higher than gold...

simple explanation.... for example... Looking at Gold... i want to invest and make a 100% gain... for example if the price of gold being 1700, 100% gain means it needs to reach 3400.... thats almost impossible for the forseeable future...

where as silver.... looking at silver being at 32 for example......
True as a % gain but pip value is higher on gold.. so if you do get your timing right... a gold move from 1700-2200 would be equivalent to a double in silver price.

Gold gives better gains for short term traders with higher leverage... however I do agree as a long term strategy silver is probably better for a 1:1 leverage something like physical holdings or ETF etc... even then why trust an ETF which can't guarantee delivery? I'd rather just buy the bars and hold it in my own safe.
Quoting sidhujag
True as a % gain but pip value is higher on gold.. so if you do get your timing right... a gold move from 1700-2200 would be equivalent to a double in silver price.

Gold gives better gains for short term traders with higher leverage... however I do agree as a long term strategy silver is probably better for a 1:1 leverage something like physical holdings or ETF etc... even then why trust an ETF which can't guarantee delivery? I'd rather just buy the bars and hold it in my own safe.
ahaha pull them out of the safe time to time to admire for the conservative gold fan


Or turn yoru gold bars into something special for the Gold Fanatic You...
Bot or not, profit is the name of the game!
AUD/USD is really in no mans land.

EUR/AUD and GBP/AUD couldnt maintain the downside momentum and was concerned once the important 1.2200 broke that it did not motor.
the smart punter would have put stop above 1.22 on the false break

Will reassess this because the fundamentals still point south

As for the AUD/JPY all comes to those who wait patiently reckon if we can get through 84.20ish some lucky farka will get a nice xmas pressy

good weekend
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