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AUD/USD

  • #3,141
  • Sep 8, 2009 10:29am Sep 8, 2009 10:29am
Quoting fxgrnwise
Ben10,
Do you use the WMAs on all time frames? I thought you used them on the 1M chart now you have an hour chart up? I was using a similar set just not the larger ones and I would wait too long waiting for the 2 sets to cross. Do you know what I mean?
yes i use all of the time frames to see where are the compression ( temporary aggreement on price valuation), it depend what chart you want to trade? and stick with thats chart then move your eyes to the quote price you will see where the support and resistance are and finally you watch the candle formations, make trade/s !
  • #3,142
  • Sep 8, 2009 10:33am Sep 8, 2009 10:33am
Thanks Ben10, It seems the the WMAs would work the best on the 1M chart maybe 5M.
  • #3,143
  • Sep 8, 2009 10:36am Sep 8, 2009 10:36am
"AussieMatt, use the twin first ! and control the exposure: say you are short aud/usd and she prove you wrong you had to buy aud/jpy long to stop bleeding , its eliminate stop loss function then back to your original plan which is to short aud/usd, find the better trade or price to add and when you are in profit again you buy aud/jpy long to locked in profit , it eliminate "take profit" function . Only if your trades in profits you may look into shorting the usd/jpy at best price"

"reduce some aussie/yen position for profit as the 1 minute chart reverse"

Thanks Ben! that was an ah-ha moment!, much appreciated, took another short at daily R3
  • #3,144
  • Sep 8, 2009 10:54am Sep 8, 2009 10:54am
take a risk if does not work out get out or stop the bleed or attack her twin sister

http://img37.imagefra.me/img/img37/2...1m_bff82f9.png
  • #3,145
  • Sep 8, 2009 11:03am Sep 8, 2009 11:03am
Quoting fxgrnwise
Thanks Ben10, It seems the the WMAs would work the best on the 1M chart maybe 5M.
if you trade the euro on 5 second chart at european session what is the support and resistance(everytime compression accured) ? thats your dollar risk! unfortunately im at work during that session
  • #3,146
  • Sep 8, 2009 11:19am Sep 8, 2009 11:19am
Quoting ben10
take a risk if does not work out get out or stop the bleed or attack her twin sister


http://img37.imagefra.me/img/img37/2...1m_bff82f9.png
Which one is the twin?
  • #3,147
  • Sep 8, 2009 11:21am Sep 8, 2009 11:21am
I beleive the twin reference is AUDJPY
  • #3,148
  • Sep 8, 2009 11:24am Sep 8, 2009 11:24am
Quoting AussieMatt
I beleive the twin reference is AUDJPY
That's what I thought. Thanks! does anyone here find it strange that A/U has gone for new highs but A/J has been capped off @ 80.00 so far? Normally A/J has a lot of move in it.
  • #3,149
  • Sep 8, 2009 11:25am Sep 8, 2009 11:25am
I think the twin might also be NZD/USD
  • #3,150
  • Sep 8, 2009 11:28am Sep 8, 2009 11:28am
Ben10,

I always have a 50 ema on my 5-15M chart,well all but on those TFs especially 5-15M I have noticed a retrace wil come down to it and then continue the trend direction
  • #3,151
  • Sep 8, 2009 11:38am Sep 8, 2009 11:38am
Quoting AussieMatt

Thanks Ben! that was an ah-ha moment!, much appreciated, took another short at daily R3
on synthetic front position play, I would like to create a bigger gap between aud/jpy long and aud/usd short so i could get the best price for usd/yen long(syn) or aud/jpy : aud/usd= usd/jpy , so basicly i expect the ranging play, bouncing back and forth on the markets front to have the best out come, prefer on 15 minute chart

if i could create average position 79.00/0.8650=91.32 where do you think i will attack the yen short ? above 91.32 or better ofcourse
  • #3,152
  • Sep 8, 2009 11:39am Sep 8, 2009 11:39am
Quoting Patience
If I can warn as many people as I can about this time of the year, then all is good. It was truly a shocker for me when I started trading.

And it's when retail traders finally realise the trend and get on board with it, the market goes BANG right the other way. As they say, expect the unexpected
Patience your comments are always great, I cought up last year in EURUSD in late Nov, went short with the trend and just after that the massive retracement happened.
I have some questions from you if you dont mind,
first I notice you are posting SSI from Dailyfx, it seems you have FXCM account, are they good? and do you use their automated signals? I heard they are fairly profitable.
second, is the bank of scotland reprot is a free one or you need to pay,if it's free I appreciate you share the link,
at finally, I'd like to know your idea about COT index, do you prefer SSI to it or just coz SSI is twice a day seems better option?
  • #3,153
  • Sep 8, 2009 11:41am Sep 8, 2009 11:41am
Ben10,
You are no casual scalper LOL Am learning alot from your scalping techniques
  • #3,154
  • Sep 8, 2009 11:45am Sep 8, 2009 11:45am
Quoting fxstman
That's what I thought. Thanks! does anyone here find it strange that A/U has gone for new highs but A/J has been capped off @ 80.00 so far? Normally A/J has a lot of move in it.
a-ha you got good eyes thats why the usd/yen falling becouse the gap getting bigger do the math the value change ! what happen if she stall and aud/usd shoot up? 79.00/0.900= 87.77
  • #3,155
  • Sep 8, 2009 11:49am Sep 8, 2009 11:49am
Quoting fxgrnwise
I think the twin might also be NZD/USD
depend what pair you are focus on or comfy with,

aud/usd, nzd/usd

aud/usd, aud/jpy

aud/jpy, eur/jpy
  • #3,156
  • Sep 8, 2009 11:51am Sep 8, 2009 11:51am
Quoting fxgrnwise
Ben10,
You are no casual scalper LOL Am learning alot from your scalping techniques
i learn from this forex factory too, well most of it
  • #3,157
  • Sep 8, 2009 11:54am Sep 8, 2009 11:54am
Quoting ben10
on synthetic front position play, I would like to create a bigger gap between aud/jpy long and aud/usd short so i could get the best price for usd/yen long(syn) or aud/jpy : aud/usd= usd/jpy , so basicly i expect the ranging play, bouncing back and forth on the markets front to have the best out come, prefer on 15 minute chart

if i could create average position 79.00/0.8650=91.32 where do you think i will attack the yen short ? above 91.32 or better ofcourse
I have never looked at it that way. Thank you for this post. I suddenly realized that perhaps, a little math could be used here. I still have to figure out how but your input is very much appreciated.

Thank you!
The Sky is the Limit!
  • #3,158
  • Sep 8, 2009 11:57am Sep 8, 2009 11:57am
Quoting ben10
a-ha you got good eyes thats why the usd/yen falling becouse the gap getting bigger do the math the value change ! what happen if she stall and aud/usd shoot up? 79.00/0.900= 87.77
Can it work the opposite? and pull A/U down?
  • #3,159
  • Sep 8, 2009 12:10pm Sep 8, 2009 12:10pm
Quoting ben10
i learn from this forex factory too, well most of it
it seems nice time to go short again, what do you think?
  • #3,160
  • Sep 8, 2009 12:13pm Sep 8, 2009 12:13pm
Quoting fxstman
Can it work the opposite? and pull A/U down?
absolutely the markets is us , we can push and pull , fear and greed supply and demand, remember when lehman going to the toilet, price valuation change.
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