AUD/USD | Page 226 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #4,501
  • Sep 25, 2009 11:19am Sep 25, 2009 11:19am
Quoting shahab8b
if you think of GBPUSD right now, watch for the triangle,
price trade below1.5978 short it, above it ..OUT! may reenter when she fall below it again with target 1.5605

http://img39.imagefra.me/img/img39/2...am_f98939c.png
  • #4,502
  • Sep 25, 2009 11:21am Sep 25, 2009 11:21am
never too low to short and never too high to buy by edwin "reminiscences of a stock operator"
  • #4,503
  • Sep 25, 2009 11:23am Sep 25, 2009 11:23am
stocks broke, time to go short
  • #4,504
  • Sep 25, 2009 11:25am Sep 25, 2009 11:25am
Quoting ben10
never too low to short and never too high to buy by edwin "reminiscences of a stock operator"
I didn get Ben10?
  • #4,505
  • Sep 25, 2009 11:30am Sep 25, 2009 11:30am
compression in action yen scalp profit locked

http://img39.imagefra.me/img/img39/2...9m_d65e7b0.png
  • #4,506
  • Sep 25, 2009 11:31am Sep 25, 2009 11:31am
Quoting ben10
price trade below1.5978 short it, above it ..OUT! may reenter when she fall below it again with target 1.5605

http://img39.imagefra.me/img/img39/2...am_f98939c.png
I am just scalping 5 pip each trade with $1 a pip as a learning exercise for this pair. This pair is too risky to take a longer term view.

considering the way its dropped over last few days, it wouldn't be bad to take a long position from 1.5950. what do you reckon?
  • #4,507
  • Sep 25, 2009 11:33am Sep 25, 2009 11:33am
Quoting shahab8b
I didn get Ben10?
price down too much and untrained traders scare to go short, trend following model
  • #4,508
  • Sep 25, 2009 11:36am Sep 25, 2009 11:36am
Quoting ben10
price down too much and untrained traders scare to go short, trend following model
follow the motion as soros said markets participant reinforce it self and react to the price move and the battle goes on till the blood dried up
  • #4,509
  • Sep 25, 2009 11:36am Sep 25, 2009 11:36am
Ben10,

Is current level good to go long in USD/JPY? I am hoping to go long at 89.80 with TP of .90.50 and to hedge, I can go long in AUD/USD from current level?

any suggestion of this hedging strategy?
  • #4,510
  • Sep 25, 2009 11:38am Sep 25, 2009 11:38am
Quoting shahab8b
if you think of GBPUSD right now, watch for the triangle,
this symmetric triagle is more a contiuation pattern than reversal, ar at least what they wrote in the book !, so it should go down, and in daily chart there is a head&shoulder reversal pattern, so everything favours short side

if you wanna play long, up to you but be ultra careful & put SL below 1.5910,
  • #4,511
  • Sep 25, 2009 11:39am Sep 25, 2009 11:39am
Quoting ben10
price down too much and untrained traders scare to go short, trend following model
that's what I reckon, just to be sure
  • #4,512
  • Sep 25, 2009 11:44am Sep 25, 2009 11:44am
Quoting shahab8b
this symmetric triagle is more a contiuation pattern than reversal, ar at least what they wrote in the book !, so it should go down, and in daily chart there is a head&shoulder reversal pattern, so everything favours short side

if you wanna play long, up to you but be ultra careful & put SL below 1.5910,
Yup - downtrend confirmed in my 30min chart. entered short at 1.5956, targeting only a few 10-15 pips as I dont want to leave any position open tonight.

feeling sleepy now - nearly 3 am here in sydney
  • #4,513
  • Sep 25, 2009 11:45am Sep 25, 2009 11:45am
Quoting shahab8b
that's what I reckon, just to be sure
What does that mean? (Ben and your comments) - can you plz elaborate as it will help inexperienced traders like myself?

thanks
  • #4,514
  • Sep 25, 2009 11:46am Sep 25, 2009 11:46am
Quoting puks
I am just scalping 5 pip each trade with $1 a pip as a learning exercise for this pair. This pair is too risky to take a longer term view.

considering the way its dropped over last few days, it wouldn't be bad to take a long position from 1.5950. what do you reckon?
just my opinion ! dont be too rigid to set the target, what i mean is when you are in profit move the stop to breakeven point , as the price move in your pavour ,the stop also move (lock the gain)and you could end up with more pips.

what you see on major trend? up, consolidation, down? find significant support and resistance(price clutter/hug the line alot), now you got ideas where price compress/clutter (support/resistance), then pick your pavorite time frame and trade
  • #4,515
  • Sep 25, 2009 11:52am Sep 25, 2009 11:52am
Quoting puks
Ben10,

Is current level good to go long in USD/JPY? I am hoping to go long at 89.80 with TP of .90.50 and to hedge, I can go long in AUD/USD from current level?

any suggestion of this hedging strategy?
hedging or syntetic play is just the same as you trade individual trade , hedging via synthetic just gaves me the FLEXIBILITY thats all and to stop bleeding .

uisd/yen major trend(daily) is down and you gonna trade from the long side? unless you scalp or short term trade
  • #4,516
  • Sep 25, 2009 11:57am Sep 25, 2009 11:57am
ask me more please! your question is my learning curve too, sharpening my deep understanding how i trade
  • #4,517
  • Sep 25, 2009 11:59am Sep 25, 2009 11:59am
Quoting ben10
ask me more please! your question is my learning curve too, sharpening my deep understanding how i trade
thanks :-)

So what time frame do you usually trade?

I see the trend using 4 hour, 2 hour and daily candle and get my signals of entry from 5 min, 10 min and confirmed entry at 15 min SAR + MACD + RSI.

If I am scalping, I usually trade on 5 min or 10 min chart but for medium term, I tend to get confirmed entry at 15 min chart.
  • #4,518
  • Sep 25, 2009 12:01pm Sep 25, 2009 12:01pm
Quoting puks
What does that mean? (Ben and your comments) - can you plz elaborate as it will help inexperienced traders like myself?

thanks
when the price fall a lot usually traders wait and wait to go short and finally they decide to go short and too late, price reverse and their trade no good anymore
  • #4,519
  • Sep 25, 2009 12:07pm Sep 25, 2009 12:07pm
Quoting puks
thanks :-)

So what time frame do you usually trade?

I see the trend using 4 hour, 2 hour and daily candle and get my signals of entry from 5 min, 10 min and confirmed entry at 15 min SAR + MACD + RSI.

If I am scalping, I usually trade on 5 min or 10 min chart but for medium term, I tend to get confirmed entry at 15 min chart.
if you use macd try to trade the divergence and rsi also good but find the significan support and resistance first before you look into the indicators. if the price action and indicator get married then you may take small position to test the water and if its good add more and put stop at break even point etc etc
  • #4,520
  • Sep 25, 2009 12:15pm Sep 25, 2009 12:15pm
ok last post for the week and see you all next week!

http://img39.imagefra.me/img/img39/2...km_719e21a.png

have a great weekend traders!
30 traders viewing now