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AUD/USD

  • #3,741
  • Sep 17, 2009 12:38am Sep 17, 2009 12:38am
The cap is penetrated.

.8759.

The pair has moved 5 cents in 2 weeks.

I am dumbfounded by this move. Dont even know what to write.
  • #3,742
  • Sep 17, 2009 12:57am Sep 17, 2009 12:57am
Also holding a loss on Aud short but going to wait for some kind of confirmation the run on this is running out of puff before adding.Whilst gold is at $1022 and equities at 12 month highs dont see any point in fighting it so just have to try and sit it out for now however much it pisses me off.

Should have hedged with the Kiwi long they have been hand in hand for a couple of months now with the charts of both so similar....that would have been too easy though.
  • #3,743
  • Sep 17, 2009 1:25am Sep 17, 2009 1:25am
Quoting G_Man
i have just shown a big respect to you and added more at 8755 ... 10th players down ... 1 more at 8810 and if it still doesnt work than i am gonna have to become a scalper like ben for sometime ...

i hope your wish come true ...
Hey G_Man, you still have your open short positions from lower level?
  • #3,744
  • Sep 17, 2009 1:30am Sep 17, 2009 1:30am
Quoting ben10
expecting 8720 break, what the risk?
hi Ben10, I am ready nice opportunity at 1hr chart to go short, it's ending daigonal , I aleardy short at .87714
  • #3,745
  • Sep 17, 2009 1:30am Sep 17, 2009 1:30am
Quoting shahab8b
hi Ben10, I am ready nice opportunity at 1hr chart to go short, it's ending daigonal , I aleardy short at .87714
I put stop at 10 pips, to take 50 pis for now,lets see if goes right
  • #3,746
  • Sep 17, 2009 1:51am Sep 17, 2009 1:51am
I went Short at .87714,
SL 10 pips
TL 70 pips
, that's a high probability set up as it's the 5th wave in 15 min chart , however, the trades might be lost any minutes! it's the same pattern on NZDUSD
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  • #3,747
  • Sep 17, 2009 2:14am Sep 17, 2009 2:14am
Benchmark interest rates are 3% in Australia and 2.5% in New Zealand vs. 0.1% in Japan and as low as 0% in the US. The Australian currency hit its strongest point vs. the dollar, at 87.65 cents, since Aug 22, 2008. Buying AUD.
  • #3,748
  • Sep 17, 2009 2:53am Sep 17, 2009 2:53am
Been hearing a lot of stories about heavy sell orders around .8770-.8775 mark.

I really hope and wish some big bank(s) sell 100 yards at this level and make us all get out of this prolonged pain.

Tomorrow is my deadline - if this b!tch doesn't fall below .8650 by the time NY opens tomorrow, I will take the pain and go LONG.

Enough is afterall ENOUGH...
  • #3,749
  • Sep 17, 2009 3:03am Sep 17, 2009 3:03am
Quoting puks
Been hearing a lot of stories about heavy sell orders around .8770-.8775 mark.

I really hope and wish some big bank(s) sell 100 yards at this level and make us all get out of this prolonged pain.

Tomorrow is my deadline - if this b!tch doesn't fall below .8650 by the time NY opens tomorrow, I will take the pain and go LONG.

Enough is afterall ENOUGH...
And that is exactly what they would be hoping everyone does.

If you are to wait to ny tomorrow you might as well wait for its close because friday sell offs have been known to occur towards the end of that session (squaring) setting the pace for low sunday opening

Should have shed some weight when it printed below .87 yesterday NY
Some drink at the fountain of knowledge. Others just gargle !
  • #3,750
  • Sep 17, 2009 3:04am Sep 17, 2009 3:04am
Quoting G_Man
you dont think 100 - 250 pips move in a day is a problem for someone who is new in forex ...

i would also avoid USD/JPY as a new comer ...

i've never trade USD/CAD and USDCHF ... so not sure ..
ahah, then what is left?
  • #3,751
  • Sep 17, 2009 3:06am Sep 17, 2009 3:06am
Quoting plan-b
And that is exactly what they would be hoping everyone does.

If you are to wait to ny tomorrow you might as well wait for its close because friday sell offs have been known to occur towards the end of that session (squaring) setting the pace for low sunday opening

Should have shed some weight when it printed below .87 yesterday NY
I scalped some 20 pips to make up for the interest and would have closed some positions at .8650 but sadly (as usual) it didn't go that far.

It appears that the previous resistance at .8670 is now a strong support and if we break that, we'll go all the way down to .8550-60.
  • #3,752
  • Sep 17, 2009 3:08am Sep 17, 2009 3:08am
Quoting fammira
ahah, then what is left?
Hi Fammira,

Would you advise me to completely get out of this trade and re-enter it at .8800 if we get there or wait for the confirmation of downward trend at .8660?

I guess all I am trying to do is to save 40-50 pips loss if market keeps moving up and save myself from getting margin call..

thanks
  • #3,753
  • Sep 17, 2009 3:10am Sep 17, 2009 3:10am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
ahah, then what is left?
AUD/USD and NZD/USD
  • #3,754
  • Sep 17, 2009 3:11am Sep 17, 2009 3:11am
Quoting puks
Hi Fammira,

Would you advise me to completely get out of this trade and re-enter it at .8800 if we get there or wait for the confirmation of downward trend at .8660?

I guess all I am trying to do is to save 40-50 pips loss if market keeps moving up and save myself from getting margin call..

thanks
Hey Puks,
What's your drawdown till now? I mean how many percent of your balance your down?
  • #3,755
  • Sep 17, 2009 3:11am Sep 17, 2009 3:11am
Quoting puks
Hi Fammira,

Would you advise me to completely get out of this trade and re-enter it at .8800 if we get there or wait for the confirmation of downward trend at .8660?

I guess all I am trying to do is to save 40-50 pips loss if market keeps moving up and save myself from getting margin call..

thanks
no mate, I think you would do a mistake, be patient, it might require some more time, but then you'll realize these upsikes are just to sell at higher levels, please trust me
  • #3,756
  • Sep 17, 2009 3:13am Sep 17, 2009 3:13am
Quoting G_Man
AUD/USD and NZD/USD
ahah, good one
  • #3,757
  • Sep 17, 2009 3:19am Sep 17, 2009 3:19am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting shahab8b
Hey G_Man, you still have your open short positions from lower level?
i got 10 players down ... and the last one was at 8755 and the 11th (last) man is getting warmed for 8810 ...
  • #3,758
  • Sep 17, 2009 3:23am Sep 17, 2009 3:23am
Quoting G_Man
i got 10 players down ... and the last one was at 8755 and the 11th (last) man is getting warmed for 8810 ...
i bet that tomorrow half of your players will be up
  • #3,759
  • Sep 17, 2009 3:45am Sep 17, 2009 3:45am
Guys I want to show you chart which screams bull to me.

Last two days, price buy off daily pivot hard.

Last night during NY she break daily R2.

Now because of strong yen news she retest yesterday daily R2 level and M15 HA candles go green immediately afterwards.

Unless she breaks daily pivot very soon, looks bullish:

1. Breakout strong resistance
2. Retest
3. M15 HA candles go green.

As long as:

1. Gold is up
2. US and China indices are up
3. Commodities don't tank

AUD has no reason to go down.
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  • #3,760
  • Sep 17, 2009 3:53am Sep 17, 2009 3:53am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
i bet that tomorrow half of your players will be up
ok i bet you 10K ... if this happens, i will send you a cheque by registry mail but if it doesnt you owe me 10K AUD and i want cash ...

deal?
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