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AUD/USD

  • #105,861
  • Apr 14, 2020 7:19pm Apr 14, 2020 7:19pm
.6407 entry is my target here - 50ema on H1 - borrowing and tweaking your idea
  • #105,862
  • Edited 10:02pm Apr 14, 2020 8:18pm | Edited 10:02pm
Quoting mc2010
.6407 entry is my target here - 50ema on H1 - borrowing and tweaking your idea
Fell asleep, my long entry order got triggered at .6408, so in it as well. Still waiting on my 30M to signal. My TP is right around R61 .6466ish unless indicator tells me to get out.

Update: 30M MACD Platinum indicator just signaled to enter long @.6404 so I am glad did not miss it by much.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #105,863
  • Apr 14, 2020 10:21pm Apr 14, 2020 10:21pm
Quoting OhComeOn
{quote} Fell asleep, my long entry order got triggered at .6408, so in it as well. Still waiting on my 30M to signal. My TP is right around R61 .6466ish unless indicator tells me to get out. Update: 30M MACD Platinum indicator just signaled to enter long @.6404 so I am glad did not miss it by much.
Well, 4H MACD Platinum just crossed 0.00 heading down, will ride the 30M indicator above 0.00 and look for shorts. Hope it still makes it to R61, would love to short from there especially since it is also a key reversal pivot.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #105,864
  • Apr 14, 2020 10:46pm Apr 14, 2020 10:46pm
Quoting JackJones
looks like a lot of people started shorting at 6300 and a lot of people are still long from 6600?? (wow) so i think it will keep pushing higher here as i assume there is lot of liquidity up to 6400. GL! i've given up on silver (asia spread is silly lately) so back to aud (viva la vol)....
6400 reached signing out! 6400 being tested again will see how supply goes but thinkin it has legs to run long after it takes a breather.

edit: oerr ouch 6400 just got smashed. 6370 then maybe 6320 here we come.
grist for the mill
  • #105,865
  • Apr 15, 2020 12:16am Apr 15, 2020 12:16am
Price action looks to be failing @ 78% FIB taking some support out along the way. Taking an interest in current events...

4 Hr Chart:
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  • #105,866
  • Apr 15, 2020 1:38am Apr 15, 2020 1:38am
Quoting OhComeOn
{quote} Well, 4H MACD Platinum just crossed 0.00 heading down, will ride the 30M indicator above 0.00 and look for shorts. Hope it still makes it to R61, would love to short from there especially since it is also a key reversal pivot. {image}
What a great move down, only caught part of it because I did not think it would be as big as it was. Will wait now to reload and then hit it again.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #105,867
  • Apr 15, 2020 1:41am Apr 15, 2020 1:41am
Quoting OhComeOn
{quote} What a great move down, only caught part of it because I did not think it would be as big as it was. Will wait now to reload and then hit it again.
lol in from the top
The grind never stops
  • #105,868
  • Apr 15, 2020 1:47am Apr 15, 2020 1:47am
Quoting mikedatrader
{quote} lol in from the top
Wish I was in from the top, took a loss on my long and had to reverse when my 4H indicator went off. Made my loss back up but figured it would retrace early and was wrong. So I just got to see it keep dropping and missing out on many more pips. Wanted to chase it but knew it would be better to wait for the retrace and re-enter.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #105,869
  • Apr 15, 2020 4:17am Apr 15, 2020 4:17am
Quoting Nvrmd
Technically this aud rise was expected but with what happens in the world and how relentless this move was against all majors it was probably surprising for most traders and you could easily got trapped in aud shorts. I think we are about to see a decline in aud this week though since it made its corrective move and we have employment data on thursday morning(cet) which usually have a high importance and the numbers are most likely aweful. I think Euraud, Audusd and audjpy are in a good spot to buy against the aud and this could be really big moves....
good recap

AU finally showing nice signs of retracement, im short all the way from 0.64, target 0.62
also short on AJ average 68.6 almost at my target 67.6 but will let run because my AUDNZD target is very far away at 1.035
same for AUDSGD target 0.88 and im short avg 0.9, so these two pairs should help bring down AJ even further

basically looking to triple my account here
  • #105,870
  • Apr 15, 2020 11:07pm Apr 15, 2020 11:07pm
Quoting rockthepips
{quote} good recap AU finally showing nice signs of retracement, im short all the way from 0.64, target 0.62 also short on AJ average 68.6 almost at my target 67.6 but will let run because my AUDNZD target is very far away at 1.035 same for AUDSGD target 0.88 and im short avg 0.9, so these two pairs should help bring down AJ even further basically looking to triple my account here
only triple? why not quadruple if youre ++risk!?

## looks like the supply was popped, i'm expecting a range push higher possibly in 6330 but will be scalping short and then possibly another push lower depending on general USD direction. GL!
grist for the mill
  • #105,871
  • Apr 15, 2020 11:10pm Apr 15, 2020 11:10pm
Folks, how you think - Fib 161 + 100 & 200 MAs will support?
Area at .62 looks good for potential buy opportunities...
Attached Image (click to enlarge)
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #105,872
  • Apr 15, 2020 11:13pm Apr 15, 2020 11:13pm
Quoting Maxjoy
Folks, how you think - Fib 161 + 100 & 200 MAs will support? Area at .62 looks good for potential buy opportunities... {image}

they can't, but if enough of us believe in this magic then maybe it will be self-fulfilling?

with the power of social media lets get 1 million people and we will all sell 10k of Tesla..
grist for the mill
  • #105,873
  • Apr 16, 2020 2:33am Apr 16, 2020 2:33am
Quoting JackJones
{quote} only triple? why not quadruple if youre ++risk!? ## looks like the supply was popped, i'm expecting a range push higher possibly in 6330 but will be scalping short and then possibly another push lower depending on general USD direction. GL!
Triple and not quadruple because I needed the margin to go through the unemployment numbers release, which in the end was complete bogus, old expired numbers from last month not representing the pandemic, so market didnt move at all, since AUD is already overbought
  • #105,874
  • Apr 16, 2020 4:42am Apr 16, 2020 4:42am
Quoting rockthepips
{quote} Triple and not quadruple because I needed the margin to go through the unemployment numbers release, which in the end was complete bogus, old expired numbers from last month not representing the pandemic, so market didnt move at all, since AUD is already overbought
"needed the margin" , sounds like something a pivoter would say.. translated it means youre over leveraged about to go boom, hope youre betting safe.

US had a 1% jump in April and look at it, expected to be 9% in may --- bad news is good news, welcome to the pandemic!
grist for the mill
  • #105,875
  • Apr 16, 2020 5:30am Apr 16, 2020 5:30am
Quoting JackJones
{quote} "needed the margin" , sounds like something a pivoter would say.. translated it means youre over leveraged about to go boom, hope youre betting safe. US had a 1% jump in April and look at it, expected to be 9% in may --- bad news is good news, welcome to the pandemic!
Of course I am over-leveraged, this is Forex.... I take multiple high-risk/high-reward bets, because as I said before, we have negative balance protection.

In other words, your risk is limited to what you have in your account, but you can win much more. Thats actually how you "hack" forex and become profitable...

I am surprised not everybody realized that already
  • #105,876
  • Edited 6:06am Apr 16, 2020 5:42am | Edited 6:06am
Quoting rockthepips
{quote} Of course I am over-leveraged, this is Forex.... I take multiple high-risk/high-reward bets, because as I said before, we have negative balance protection. In other words, your risk is limited to what you have in your account, but you can win much more. Thats actually how you "hack" forex and become profitable... I am surprised not everybody realized that already
"hack" lol , creative way of describing gambling, are you in sales?. good luck with the tripling

Quoting JackJones
{quote} "needed the margin" , sounds like something a pivoter would say.. translated it means youre over leveraged about to go boom, hope youre betting safe. US had a 1% jump in April and look at it, expected to be 9% in may --- bad news is good news, welcome to the pandemic!
just saw some pundits saying it might print 15%!! ouch.
grist for the mill
  • #105,877
  • Apr 16, 2020 7:12am Apr 16, 2020 7:12am
Gambling would be taking random bets, I trade the same strategy since 10 years ago, I know I win more than 2/3 of the times so going all-in makes sense, especially with the negative balance protection
  • #105,878
  • Apr 17, 2020 1:03am Apr 17, 2020 1:03am
selling aud against #euraud #audcad #audusd
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  • #105,879
  • Apr 17, 2020 4:44pm Apr 17, 2020 4:44pm
AUD/USD next week up we go
Master your mind. Master Trading.
  • #105,880
  • Apr 17, 2020 9:54pm Apr 17, 2020 9:54pm
Quoting rockthepips
Gambling would be taking random bets, I trade the same strategy since 10 years ago, I know I win more than 2/3 of the times so going all-in makes sense, especially with the negative balance protection
brrzzt! gambling is betting on grey horses, that's not random, that's betting on the same thing all of the time.

if you sell because price hit a magic line then it's exactly the same thing.
grist for the mill
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