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AUD/USD

  • #401
  • Aug 5, 2008 7:34am Aug 5, 2008 7:34am
still long from 0.9320...sell stop at 0.9144...come on auuuuuusy come on kiwi...just go ...also cable and euro both looks cheap...i know that 19666 and 0.9666 and 1.5666 will be seen...

for auusy if u plot fibo from march 20 low and all time high july 15...61.80 % retracement is 0.91656...so thats why my sl is at 0.9144,..and it will stay there if not broken,...
its just money
  • #402
  • Aug 5, 2008 7:36am Aug 5, 2008 7:36am
Quoting de123
still long from 0.9320...sell stop at 0.9144...come on auuuuuusy come on kiwi...just go ...also cable and euro both looks cheap...i know that 19666 and 0.9666 and 1.5666 will be seen...

for auusy if u plot fibo from march 20 low and all time high july 15...61.80 % retracement is 0.91656...so thats why my sl is at 0.9144,..and it will stay there if not broken,...
kiwi was trading stronger than aussie last time i watched it..
  • #403
  • Aug 5, 2008 7:51am Aug 5, 2008 7:51am
Quoting Trader Neal
i see bear opportunities in usd/jpy but as for entries it's a tough call.. i could have made a nice scalp trade (20-40 pips) but didn't pull the trigger because i'm overleveraged right now.. i might wait for another run up and short..
comments?

Maybe one runup, but I definitely see low 91s even 90s
  • #404
  • Aug 5, 2008 8:50am Aug 5, 2008 8:50am
hi

just opinion if 0.9114 broke .... it will fall too much
  • #405
  • Aug 5, 2008 8:57am Aug 5, 2008 8:57am
9850->9150 = that's 700 pips and no retrace, think about it.
  • #406
  • Aug 5, 2008 9:13am Aug 5, 2008 9:13am
hey clouds and everyone else
I need an advice from u guys

half of my account have been burnt with this 700 pip move, but it's still a floating loss
(I know ! , couple of missed fillings and a couple of some bad Newbies mistakes)

so please advise me, how much lower can this thing get?
how much lower should i wait ?
or i should close it all and accept that?

Please any advice is much much appreciated
thanks a lot
  • #407
  • Aug 5, 2008 9:27am Aug 5, 2008 9:27am
well...next time dont trade more then 2%,..if u cant handle to risk only 2,..have 2 brokers, and on one,...let ur girlfriend or women...have the username and password,...and with the other which should be exactly 2% of your main account,..u can go all in all the time, and u cant risk more then 2%...or the better way is to have 98% of the money at ur bank...and 2% at ur broker,...

still long,...sl moved 0.91344...and this is the last time i hope...

if we fail to make new low,..that should mean, the up is the only way,..and the retrace for 500 is due...anyway i wait ...i dont wish to close, and then watch going back to 0.95000...

if that can help...
its just money
  • #408
  • Aug 5, 2008 9:32am Aug 5, 2008 9:32am
Quoting emadanton
hey clouds and everyone else
I need an advice from u guys

half of my account have been burnt with this 700 pip move, but it's still a floating loss
(I know ! , couple of missed fillings and a couple of some bad Newbies mistakes)

so please advise me, how much lower can this thing get?
how much lower should i wait ?
or i should close it all and accept that?

Please any advice is much much appreciated
thanks a lot
cant help, sorry. u know if u lose 50% u will need to make 100% to even up ur books.
  • #409
  • Aug 5, 2008 9:35am Aug 5, 2008 9:35am
Quoting emadanton
hey clouds and everyone else
I need an advice from u guys

half of my account have been burnt with this 700 pip move, but it's still a floating loss
(I know ! , couple of missed fillings and a couple of some bad Newbies mistakes)

so please advise me, how much lower can this thing get?
how much lower should i wait ?
or i should close it all and accept that?

Please any advice is much much appreciated
thanks a lot

Depends really ... you can let it slide if you are almost wiped out and take the gamble. Realistically though AUD is due for a retrace however keep in mind the FEDS at 2:15pm EST today can totally change things and it will continue down below 90 area imho.

Be careful. If I were you (I have been thorugh this) cut your losses and rethink things and you can find away to make it back.
  • #410
  • Aug 5, 2008 9:40am Aug 5, 2008 9:40am
thanks de123 , jest1081 and poweredbuyer for ur replies

yeah i admit i have done nothing but some bad decisions so far
but i'm trying to learn from them,

right now the 700 pips move didn't make any retrace like clouds mentioned before
so, couldn't we get at least a 50% retrace back to .9500 ???
because that's all i need , (i've made multiple long entries and that's my Break Even point)

again every advice from u guys is much much appreciated
  • #411
  • Aug 5, 2008 9:42am Aug 5, 2008 9:42am
Quoting jest1081
cant help, sorry. u know if u lose 50% u will need to make 100% to even up ur books.
that's my rational...
  • #412
  • Aug 5, 2008 9:43am Aug 5, 2008 9:43am
heads up...
http://biz.yahoo.com/fxcm/080805/121...1714.html?.v=1
  • #413
  • Aug 5, 2008 9:49am Aug 5, 2008 9:49am
my chart said if 0.9114 broke ... it will go to 0.8950
and if not broke it will go 0.9294 then 0.9399 then 0.9506
  • #414
  • Aug 5, 2008 9:59am Aug 5, 2008 9:59am
Quoting emadanton
thanks de123 , jest1081 and poweredbuyer for ur replies

yeah i admit i have done nothing but some bad decisions so far
but i'm trying to learn from them,

right now the 700 pips move didn't make any retrace like clouds mentioned before
so, couldn't we get at least a 50% retrace back to .9500 ???
because that's all i need , (i've made multiple long entries and that's my Break Even point)

again every advice from u guys is much much appreciated
yeah,..moving sl to 0.91073,..due to volatility,..we can make a new low, and then retrace,..pinocio is a dam liar....trading without slses...can be tricky,..if u get margin call, all positions will be closed,... so if we go too much down,..get ride of some,...
its just money
  • #415
  • Aug 5, 2008 10:08am Aug 5, 2008 10:08am
does AJ look like bull flag on 30 min>?
  • #416
  • Aug 5, 2008 10:26am Aug 5, 2008 10:26am
Quoting Clouds
does AJ look like bull flag on 30 min>?
be careful event risk high..
  • #417
  • Aug 5, 2008 10:33am Aug 5, 2008 10:33am
gbp/aud on daily looks like it's begging to be shorted .
  • #418
  • Aug 5, 2008 10:35am Aug 5, 2008 10:35am
"Yet, the EUR/USD, USD/JPY and AUS/USD look oversold in comparison with other currency pairs and if U.S. Federal Reserve disappoints they may quickly become the biggest winners."

Looks like we may have a turning point at 2:00pm, if all things work out according to plan...
  • #419
  • Aug 5, 2008 10:36am Aug 5, 2008 10:36am
Quoting Clouds
gbp/aud on daily looks like it's begging to be shorted .
my indicators are slightly bullish but definatly overbaught and the price action does seem heavy. i wish i wasn't over leveraged or i would consider shorting.
  • #420
  • Aug 5, 2008 10:43am Aug 5, 2008 10:43am
Quoting seesaw
"Yet, the EUR/USD, USD/JPY and AUS/USD look oversold in comparison with other currency pairs and if U.S. Federal Reserve disappoints they may quickly become the biggest winners."

Looks like we may have a turning point at 2:00pm, if all things work out according to plan...
we'll see. news trades are always a gamble so it's a big if and the fed plays to it's own tune regardless of the fundamentals. at least it seems that way to me. but i think it's obvious (if there's such a thing in forex) that they can not raise rates and in fact would cut if their credibility wasn't on the line.
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