AUD/USD

U see uj party its fun!! support @88

nice move!

i agree

are you sure?

cuz its happening (i think) ...

fam, did you make 80 pips out of UJ yet?

is it gonna go to 8700?

Just loved the U/J move!! Made my day so far :-)

i don't think so... but there's one way to find out

way to go

To all people who have commended on my joke,

Here is my side of story. Firstly whatever I said was a pure joke. I read the name Pak Tiger and assumed that he/she is from Pakistan. We have a colleague at work who we call "Pakiiii" and he usually replies back with something.

It was purely a joke - nothing else.

with regards to PKR depreciating, I saw it on Bloomberg television the other day how badly Pakistan currency is depreciating even against the depreciating dollar and hence the joke :-)

That's all it was...Nothing personal against anyone here in this room.

With regards to my rate rise prediction, well, 19 out of 20 economists surveyed in Bloomberg were proved wrong.

With regards to my shorts, yes, I am still wayyy out of pocket from that September NFP night but working my way towards b/e.

When I post any comment here, I am "NOT" expecting people to follow it blindly. Read it or leave it.

To my dear friend sinner - have a look at EUR/USD thread next door and you'll see what kind of crap people talk there...

Aameeeeen.

just TP from 8933 - 8903 ... it was a massive one that i had to clear ... i cant beleive how i become a scalper ... just balancing it out ...

hey puks, welcome back buddy ...

whats your position atm?

AUD/USD is very well bid and supported at .88 cents

IMHO it will retest .8850 mainly because of:::

a) Alcoa results which directly affect commodity currencies
b) Unemployment data which will come out in 13 hours

But if both results come out better than expected than we are "highly likely" to see a break into .90 zone

I am currently out of this pair after making some small profit on my longs but caught a nice move up on USD/JPY. My first ever trade in that pair.

What a move :-))

no, I am putting a stop at entry, would like to take it to 92 - 93...

Out after taking some 15 pip scalp in AUD/USD.

Went long in USD/JPY and shorted GBP/USD. Basically USD long in both pairs but I am not yet convinced this pair will go much lower than .88 cents (Unless Gold is less than 1010 and dow is around 9500)

How are you travelling?

I still expect the low for AUDUSD to be broken

there must be stops below 0,8850, if stops hit we could go to 0,8760

if the dollar index closes this hour above 76.40 i going to join G_man & Fammira team

would like to say something more about the concept of "market excesses"

if you noticed what happened in 10 minutes to pairs like AUDUSD and USDJPY you will notice how the dollar has been pushed to extreme levels and then recovered quickly

there was no data, and of course no change in the economic situation

this explain that big dealers extremize market moves to hit the stops both sides, in order to create the panic and buy at lower levels or sell at higher levels

is very important to understand this to avoid panic, trade with calm and be successfull in forex market

just a suggestion according to my brief and small experience

stops are important, but sometimes, just for the idea of "market excesses" that I have just explained, it's more appropriate to use hedging

example

I sell AUDUSD at 0,8850

I can

1) don't use a stop and simply wait for the position to profit and close it (sometimes it may take a few minutes, sometimes a few weeks or months..)

2) use a stop at higher levels (I would say that 30 - 40 pips can be a good choice)

3) and probably the best option, close and reverse to buy at 0,8890

in that case, I could close the buy, for instance, at 0,8940 recovering my previous loss and having reached a higher level to short

actually there's no rule that always works, it depends on your trading style and objectives.
stops can be useful but can also be an obstacle to gains, hedging, if adequately used, can be indeed fruitful

i changed my side im offially with G_man & fammira team now
short @8905

hi,
i joined the short train on 0,893 added and enjoy the ride now, oh baby.
best of luck @all