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AUD/USD

  • #4,961
  • Oct 1, 2009 2:21am Oct 1, 2009 2:21am
Quoting Geppyg
Not at all mate
We are currently sitting on the 1 hour trend line.....
Please be careful...
For sure this volatility is like a cracked record each day....
  • #4,962
  • Oct 1, 2009 2:22am Oct 1, 2009 2:22am
Quoting Geppyg
As I said before it bounce of the 1 hour trendline perfectly matey
You're right on, mate
just speculating
  • #4,963
  • Oct 1, 2009 2:27am Oct 1, 2009 2:27am
Quoting siboy
For sure this volatility is like a cracked record each day....
I understand your frustration brov been trading GY and I swear I could murder it ...but on the flip side aus and nzd been very robust...these are comm related currencies so 80% of the moves are directly in co-rel with Gold and Inverse dollar...

All shorts should be weary of only one thing right now if the 4 hour closes above 803/ DP then we will see at least imho a test of 9023
Gold has yet another 7 point to move to touch its trendline

So best way forward is to hedge...

Good luck brov
Let Price determine your future!
  • #4,964
  • Oct 1, 2009 2:33am Oct 1, 2009 2:33am
Hi geppy buddy how have you been.. never seen u around
  • #4,965
  • Oct 1, 2009 2:42am Oct 1, 2009 2:42am
Quoting trading801
Hi geppy buddy how have you been.. never seen u around
Hello,

Buddy,

I have not been posting that much as of lately but have been trading the aussie with good success and especially when we are at levels like these it is much easier to hedge...as the loss is very limited...

My Stratergy is ...
Naked charts PA TL and Daily and 4 hourly candles not to forget Pivots

I will try and post more charts and less chat...as that what makes the money...

Also I do come to visit your thread from time to time I like your selection of articles very informative keep it up

Good Luck
GeppyG
Let Price determine your future!
  • #4,966
  • Oct 1, 2009 4:33am Oct 1, 2009 4:33am
on the hourly chart it looks like a daimond top has formed
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  • #4,967
  • Oct 1, 2009 4:49am Oct 1, 2009 4:49am
Hi,

I really would not be suprised if I saw a big spike into the 0.9010 zone before a big drop down..

4 hourly bar has closed above Daily pivot as discussed.
What do we look for now..
The Buying volume has decreased in the last 6 hours so we will see a lower volume test of the highs if DP holds

Also I am waiting for confirmation on DIX and gold for turn as soon as I get them the long is on ...unfortunately I will not be going long as I do not wish to go against the reversal which is going to be about 450 pips as a minimum.. So I use the opportunity to sell all the rallies that happen near critical levels like this on the aussie.

Good Luck
Let Price determine your future!
  • #4,968
  • Oct 1, 2009 4:57am Oct 1, 2009 4:57am
Watch out for the hourly trend line again it is still holding.. A move below this and we could see a nice fall..When is the best time to trade it ..

IMHO- Wait for the new hourly candle to close below 1.8790 after this wait for the retracement to short when it comes to test the 1 hourly trend line bang short it with only a 15 pips stop and there is your trade...

Good Luck
Let Price determine your future!
  • #4,969
  • Oct 1, 2009 5:00am Oct 1, 2009 5:00am
Quoting blue_z_zz
on the hourly chart it looks like a daimond top has formed
comments
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 29 KB
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,970
  • Oct 1, 2009 5:16am Oct 1, 2009 5:16am
Quoting Geppyg
Watch out for the hourly trend line again it is still holding.. A move below this and we could see a nice fall..When is the best time to trade it ..

IMHO- Wait for the new hourly candle to close below 1.8790 after this wait for the retracement to short when it comes to test the 1 hourly trend line bang short it with only a 15 pips stop and there is your trade...

Good Luck
Seem like it is bouncing of the 1 hour trend line again
took a small long ....@94with a 10 pip stop....@84
Let Price determine your future!
  • #4,971
  • Oct 1, 2009 5:23am Oct 1, 2009 5:23am
Quoting Geppyg
Seem like it is bouncing of the 1 hour trend line again
took a small long ....@94with a 10 pip stop....@84
whats your tp target?
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  • #4,972
  • Oct 1, 2009 5:25am Oct 1, 2009 5:25am
Quoting blue_z_zz
whats your tp target?
Scalp 10-15 pips

Currently it is trying to get back into the channel to get back in the channel we need the 15 min to close above 8797
Let Price determine your future!
  • #4,973
  • Oct 1, 2009 5:26am Oct 1, 2009 5:26am
Quoting Geppyg
Scalp 10-15 pips
good luck
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,974
  • Oct 1, 2009 5:42am Oct 1, 2009 5:42am
nice article for the people who are betting for a gold bubble

http://www.bloomberg.com/apps/news?p...d=ajPCIYcGX8t4
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,975
  • Oct 1, 2009 5:46am Oct 1, 2009 5:46am
We are stuck in a dead range for the last 30 mins....
Stops in Limits in scalp is set...See you guys in the us session...

GeppyG
Let Price determine your future!
  • #4,976
  • Oct 1, 2009 5:46am Oct 1, 2009 5:46am
Quoting blue_z_zz
nice article for the people who are betting for a gold bubble

http://www.bloomberg.com/apps/news?p...d=ajPCIYcGX8t4
I read the very same this morning do you trade gold...?
Let Price determine your future!
  • #4,977
  • Oct 1, 2009 5:56am Oct 1, 2009 5:56am
Quoting Geppyg
I read the very same this morning do you trade gold...?
yes gold and oil but id rather trading the commodity currancies like CAD AUD as they are highly correlated
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,978
  • Oct 1, 2009 6:00am Oct 1, 2009 6:00am
Quoting Geppyg
Seem like it is bouncing of the 1 hour trend line again
took a small long ....@94with a 10 pip stop....@84
stop hit?
  • #4,979
  • Oct 1, 2009 6:00am Oct 1, 2009 6:00am
Quoting Geppyg
Seem like it is bouncing of the 1 hour trend line again
took a small long ....@94with a 10 pip stop....@84
After all of that the trend line did not hold

so -10

Next Trade.....is on now ....
Let Price determine your future!
  • #4,980
  • Oct 1, 2009 6:03am Oct 1, 2009 6:03am
think the revearsal that every one on this board is waiting for might finally came to play but seems that theirs is big players still on the bid side(russians maybe??)
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