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AUD/USD

  • #7,861
  • Oct 28, 2009 5:54pm Oct 28, 2009 5:54pm
Quoting nazik
I stuck with my long -50 pips what your advice will be?thnks
sorry for late answer, seems like your position/s running your trade, please tell me more of your trade , we could learn from eachother in this thread almost about anything
  • #7,862
  • Oct 28, 2009 6:06pm Oct 28, 2009 6:06pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
good night guys ... see you in Aussie ...

set 8990 limit long
so it hit ... now what do i do?
lets think ...
  • #7,863
  • Oct 28, 2009 6:07pm Oct 28, 2009 6:07pm
i'll be back
  • #7,864
  • Oct 28, 2009 6:08pm Oct 28, 2009 6:08pm
Quoting G_Man
so it hit ... now what do i do?
lets think ...
  • #7,865
  • Oct 28, 2009 6:08pm Oct 28, 2009 6:08pm
HI All,
Nice drop, although it took me a while to change my position from long to short, but luckily escaped.

Charts show a turn around, and certainly we can see the move up. But the words of this astrologer who has been predicting major events in the past 20 years with amazing acuracy is stuck in my mind. He has been on major news channels and you will find his videos on youtube. You might want to read it just for another angle. I myself am very sceptical.
His name is Mahendra Sharma ( He calls himself Financial Astrologer). Google it or check his site. Iteresting views.
http://www.mahendraprophecy.com/

Ley me know what you think.
Find a job that you love and you dont have to work again in your life.
  • #7,866
  • Oct 28, 2009 6:10pm Oct 28, 2009 6:10pm
Quoting G_Man
so it hit ... now what do i do?
lets think ...
I'm holding to 0.9180; of course, if you don't think the true market sell-off has officially began, I say hold for new highs this year, but I wouldn't use too big of a position.
  • #7,867
  • Oct 28, 2009 6:24pm Oct 28, 2009 6:24pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting thadakman
I'm holding to 0.9180; of course, if you don't think the true market sell-off has officially began, I say hold for new highs this year, but I wouldn't use too big of a position.
thanks thadakman ...
  • #7,868
  • Oct 28, 2009 6:36pm Oct 28, 2009 6:36pm
Quoting G_Man
thanks thadakman ...
There's a possible cup and handle formation forming on the 15 minute chart (the handle is forming right now)... if this works out we could get a nice pop higher (I'm thinking at least 0.9050)...

Be very careful though, we're both bottom picking here and bottom picking can get downright ugly if you play loose and aren't careful with your stops.
  • #7,869
  • Oct 28, 2009 6:38pm Oct 28, 2009 6:38pm
Some interesting comparison points, the Australian dollar:
· is up 45% against the USD since March 2
· is the best-performing currency among the 16 most traded over the past 12 months
· reached a 14-month high against the USD on Oct 21 of 93.29 US cents
· has had 3 stretches over 90 US cents in as many years
· averaged ~70 US cents over the past decade
· reached 94.01 in November 2007
· peaked at 98.50 on July 15, 2008, the strongest since it began trading freely in 1983
RBS forecasts the currency will reach 97 US cents in the first quarter of next year. It currently is trading around 90.4. Philip Lowe, assistant governor of the Reserve Bank of Australia, warned Oct 19 that Australia “will have a higher average exchange rate” now than it has had in previous decades as a result of a high return on capital.
  • #7,870
  • Oct 28, 2009 7:11pm Oct 28, 2009 7:11pm
Quoting thadakman
There's a possible cup and handle formation forming on the 15 minute chart (the handle is forming right now)... if this works out we could get a nice pop higher (I'm thinking at least 0.9050)...

Be very careful though, we're both bottom picking here and bottom picking can get downright ugly if you play loose and aren't careful with your stops.
Nope, formations broke.... now the question is, how low can you go?
  • #7,871
  • Oct 28, 2009 7:16pm Oct 28, 2009 7:16pm
Good morning all,
I see that my two short are doing really well
We are below .90 , asia is on red I think it will move still down and the US number will set the direction for next week.
At this point I'm short waiting for US GPD and unemployment.
GL and stay cool
  • #7,872
  • Oct 28, 2009 7:31pm Oct 28, 2009 7:31pm
It hit the mark. Now where it goes from here is too soon to tell for me.


Quoting Leche Mocha
I think if it breaks below 9000 it will far much farther than .8990. Maybe to .8950 where there is FIB 423.6 line on my 4H chart.
  • #7,873
  • Oct 28, 2009 7:31pm Oct 28, 2009 7:31pm
I'm holding onto my longs, Short term trend is Bear, but this is still a Bullish trend, i don't like trading against the major trend, so we just got to wait...going to place a decent order once I see signs of reversal confirmation.

Good thing you get some decent rollover with this trend, Nov. 3 coming up were getting another .25 basis points.

Personally I think this is a correction and were nearing a bottom, but prepare to see 8600.
  • #7,874
  • Oct 28, 2009 7:51pm Oct 28, 2009 7:51pm
protect your winning buy stop(redline) fall below the last low add more 2 trades = 4 shorts and so on, adjust your position/s so the stops has room to play

http://img37.imagefra.me/img/img37/2...9m_d5337f8.png
  • #7,875
  • Oct 28, 2009 7:57pm Oct 28, 2009 7:57pm
http://www.forexfactory.com/showpost...postcount=7771

http://img39.imagefra.me/img/img39/2...mm_f7d6122.png
  • #7,876
  • Oct 28, 2009 8:12pm Oct 28, 2009 8:12pm
the only longterm moving average still standing is the daily but when it penetrate and break below it im already big deep in the money

what range are you trading? 1 minute chart range,1 hour or dayily chart range? is there enough margin to support the size of the trades/position?

http://img40.imagefra.me/img/img40/2...em_adfe3d2.png

price can go anywhere as the market is dinamic and always move, please dont be too rigid with the mind set just my 2 cent!
  • #7,877
  • Oct 28, 2009 8:18pm Oct 28, 2009 8:18pm
Short at 9071, hoping to play another bounce to fib 50% level then will set short orders below that level and again below daily moving avg. For now as im not hugely sucessful at short term positions i have hedged it with asx200.

Do you have a large overall short position Ben? What's your target profit?
I see 8930 and 8850 as Support.
  • #7,878
  • Oct 28, 2009 8:24pm Oct 28, 2009 8:24pm
as i my observation weekly range for the aussie is 300 pips on average and she move more that and she move fast, also the week not over yet its thursday.

so whats that indicate? sentiment change from bullish to bearish? let the price it self to decide , stay with your plan and trade accordingly, hedge if you must incase you are not sure where she gonna go.

aud/jpy : nzd/jpy = aud/nzd

aud/usd : nzd/usd=aud/nzd
  • #7,879
  • Oct 28, 2009 8:29pm Oct 28, 2009 8:29pm
Quoting WestAus
Short at 9071, hoping to play another bounce to fib 50% level then will set short orders below that level and again below daily moving avg. For now as im not hugely sucessful at short term positions i have hedged it with asx200.

Do you have a large overall short position Ben? What's your target profit?
I see 8930 and 8850 as Support.
i dont play long term as you see most my chart are smaller time frame , no profit target the stops(gain protector) is the target, i play snow balling effect.

what you gonna do if the price tonite spike and move back to 9300? whats the plan?
  • #7,880
  • Oct 28, 2009 8:34pm Oct 28, 2009 8:34pm
Quoting ben10
i dont play long term as you see most my chart are smaller time frame , no profit target the stops(gain protector) is the target, i play snow balling effect.

what you gonna do if the price tonite spike and move back to 9300? whats the plan?
limit kiwi long every 10 pips up above 0.7200 ?
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