AUD/USD | Page 391 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #7,801
  • Oct 28, 2009 6:51am Oct 28, 2009 6:51am
Quoting G_Man
9030 is the next Support followed by 8980 ...

i will be happy to get out and TP at 9000 ...
if 9000 will go down then we will break bullish channel and we will go much lower
  • #7,802
  • Oct 28, 2009 7:25am Oct 28, 2009 7:25am
Quoting Patience
Morning guys

No longs for me at this point. Waiting to see how this correction plays out. It's holding up really well. I'm looking for reactions around 90.20 area (and maybe even lower) if it gets there.
Well we've got there and I'm looking for reaction here. Done a good weekly range so far as well - 250 pips from high to low. Do you think the bulls are sweating yet? USDX value is 76.26 at the moment so still holding under 34 EMA on daily. US futures are red though.

Bank of Scotland Daily Market Strategy attached. Good trades

Attached File(s)
File Type: pdf BOS_Market_Strategy_Daily_28_Oct_2009.pdf   148 KB | 414 downloads
Nothing worth having is easy.
  • #7,803
  • Oct 28, 2009 7:49am Oct 28, 2009 7:49am
G_MAN you owe me some VB or lightdry mate
  • #7,804
  • Oct 28, 2009 7:50am Oct 28, 2009 7:50am
close all or some of your short and reenter when she fall below 9000 ! well i do
  • #7,805
  • Oct 28, 2009 8:01am Oct 28, 2009 8:01am
i dont want to short this bull chart , do i?

http://img01.imagefra.me/img/img01/2...wm_165eedf.png

minimum she has to fall below 9050 then i consider short again
  • #7,806
  • Oct 28, 2009 8:11am Oct 28, 2009 8:11am
the highest number for the week is 0.9280 and weekly average is around 300 pips, so she has still another 100 pips move , will it happen? who knows, my hourly chart tell me trend was establish nicely so im once again become a hitchhiker jump in the short bus anytime
  • #7,807
  • Oct 28, 2009 8:15am Oct 28, 2009 8:15am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
G_MAN you owe me some VB or lightdry mate
yea sure, lets sit and talk about your synthetic pair cuz i never got it ... my shout ...
  • #7,808
  • Oct 28, 2009 8:18am Oct 28, 2009 8:18am
Quoting WestAus
Seems ok for now, here is my chart, critique please.
This was my chart for the 23rd i think, learning to draw TL and read different TF's atm. 4H chart.


http://i33.tinypic.com/aw6qzk.jpg



http://i38.tinypic.com/fvedes.jpg


This pic is now.
Oh and is FXCM and Go markets AUS both mt4 trading platforms, and also what does everyone recommend out of the two?
Thanx alot guys, appreciate it.
nicely drawn buddy! upward trendline was broken what you action gonnabe? follow your chart or follow your mind? shorting it or adding to the losing long position?
  • #7,809
  • Oct 28, 2009 8:23am Oct 28, 2009 8:23am
If she doesnt go any lower from here my 9050 call was close

What trades does everyone have open?
  • #7,810
  • Oct 28, 2009 8:26am Oct 28, 2009 8:26am
Quoting WestAus
If she doesnt go any lower from here my 9050 call was close

What trades does everyone have open?
I am long from an average .9165 to get break even. I sincerely hope that tonight's US session will help me get out of my longs.
  • #7,811
  • Oct 28, 2009 8:27am Oct 28, 2009 8:27am
I set my trades to go short, they closed. I came home after nightshift and traded outside of my trading rules on emotion and knew i was breaking my rules, which led to a few losses in my account. Am on the sidelines atm deciding to get a tiny accound balance back up to an amount i can continue to learn on, or wait and change broker then add capital to start trading again in the future.

My charts and drawings have all supported my trading ideas, its mainly under capitalization and emotion that needs to be addressed. Still have 3k that i took out ages ago to buy a new pc tower with, think ill leave it and buy that pc tomorrow, going to have to work extremely hard and sensible to get capital up.

at least i think
  • #7,812
  • Oct 28, 2009 8:28am Oct 28, 2009 8:28am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting WestAus
If she doesnt go any lower from here my 9050 call was close

What trades does everyone have open?
i have closed 90% of position and TP at 9032 ... left around 10% (dont know why) for 9000 ...
  • #7,813
  • Oct 28, 2009 8:32am Oct 28, 2009 8:32am
I shorted once the price dropped below my TL Ben 10, and my decision to do so was also made with key resistance levels in mind. I didnt set big enough profit targets though.
  • #7,814
  • Oct 28, 2009 8:37am Oct 28, 2009 8:37am
Quoting G_Man
yea sure, lets sit and talk about your synthetic pair cuz i never got it ... my shout ...
you short aussie and you are in profit go long the kiwi to protect your gain. then your focus now to the aud/nzd cross if any opportunity there? if not keep playing the two (aussie and the kiwi)
  • #7,815
  • Oct 28, 2009 8:44am Oct 28, 2009 8:44am
Quoting WestAus
I shorted once the price dropped below my TL Ben 10, and my decision to do so was also made with key resistance levels in mind. I didnt set big enough profit targets though.
just my 2 cent and im no pro far from it!! when you are in profit put stop above your position (protect the gain) and add another one now you have two trades and if that in profit move stop and add another 2 trades now you had x 4, then x 8 x 16 and so on when reversal coming out all of it just like i did
  • #7,816
  • Oct 28, 2009 8:47am Oct 28, 2009 8:47am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
you short aussie and you are in profit go long the kiwi to protect your gain. then your focus now to the aud/nzd cross if any opportunity there? if not keep playing the two (aussie and the kiwi)
would you put same amount?
  • #7,817
  • Oct 28, 2009 8:51am Oct 28, 2009 8:51am
set limit long for the kiwi/dollar above 7350 every 20 pips up
set limit short for aussi/dollar below 9050 every 20 pips down

now say kiwi move to 7450 and you had 4 trades in profit go short the aussie x4 trades at once to protect the gain and repeat the second set and so on
  • #7,818
  • Oct 28, 2009 8:54am Oct 28, 2009 8:54am
Short last night at .9169, this morning added trailing stop on half at 50 pips and half at 100 pips. Current stops are .9090 and .9139

Does anybody have advice for managing a winning position, this is rare territory for me.

Rick
  • #7,819
  • Oct 28, 2009 8:56am Oct 28, 2009 8:56am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
set limit long for the kiwi/dollar above 7350 every 20 pips up
set limit short for aussi/dollar below 9050 every 20 pips down

now say kiwi move to 7450 and you had 4 trades in profit go short the aussie x4 trades at once to protect the gain and repeat the second set and so on
ok, but why do you have to trade multiple times when you can just put a massive one at AUD and another one at NZD then just leave it for couple of weeks ...
  • #7,820
  • Oct 28, 2009 8:57am Oct 28, 2009 8:57am
Quoting ben10
you short aussie and you are in profit go long the kiwi to protect your gain. then your focus now to the aud/nzd cross if any opportunity there? if not keep playing the two (aussie and the kiwi)
I looked at the nz:usd pair and the spread is always large on CMC (which im changing any week now.)

Oh and i see 8860 as major long term support for aud:usd and 8950 as monthly support.
105 traders viewing now