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AUD/USD

  • #8,021
  • Oct 29, 2009 10:47am Oct 29, 2009 10:47am
Quoting poweredbuyer
Hey Ben,

Hope all is well.

Are you short on the NZD right now? ... If so why?


Thanks
Hi Poweredbuyer, no im short aud/usd long kiwi/usd i play synthetic and try to create aud/nzd short syntheticly still in development though, and not ready to go long on aud/nzd yet as the profit stil thin
  • #8,022
  • Oct 29, 2009 10:49am Oct 29, 2009 10:49am
Vinesh whats your position now ?
  • #8,023
  • Oct 29, 2009 10:55am Oct 29, 2009 10:55am
Quoting vinesh
No not yet. What is 'decent' in your opinion?

Vinesh
decent for me mean to have room for my profit trade before i add anothe r one so the stop no too thin
  • #8,024
  • Oct 29, 2009 10:56am Oct 29, 2009 10:56am
I have long positions in Kiwi since london open, they are well in profit (130 pips each so far) I put Trailing Stop with 35 pips now to protect the profit, I'm looking to go short Aussie when I get the right signal in my chart
  • #8,025
  • Oct 29, 2009 10:59am Oct 29, 2009 10:59am
Quote
Vinesh whats your position now ?
still holding but the profit lot is very thin and it'll touch my BE any minu

.9125 is in danger and so is new long. Just waiting, holding my breath.
  • #8,026
  • Oct 29, 2009 11:00am Oct 29, 2009 11:00am
Quoting swampthing
Same shorted at 9150..
Hi Swampthing, 5 minute chart uptrend still intact IMO.
  • #8,027
  • Oct 29, 2009 11:03am Oct 29, 2009 11:03am
Quoting vinesh
still holding but the profit lot is very thin and it'll touch my BE any minu
im worry becouse you add more too fast, control your exposure/margin available! ok guys 3 inthe morning here in sydney, time to go to bed see you all tomorrow, CIAO!
  • #8,028
  • Oct 29, 2009 11:03am Oct 29, 2009 11:03am
Once the profit lot reaches 25 pips I'll put a TS on it and then wait. What is the 'safe TS' on AU? I'm trading it for 1st time.
  • #8,029
  • Oct 29, 2009 11:09am Oct 29, 2009 11:09am
Quoting vinesh
Once the profit lot reaches 25 pips I'll put a TS on it and then wait. What is the 'safe TS' on AU? I'm trading it for 1st time.
Put a TS of 25 pips on winning lot.
  • #8,030
  • Oct 29, 2009 11:12am Oct 29, 2009 11:12am
anyone seeing signs of breaking 9180 before Asian market open tomorrow? I am seeing a stronger bull reversal in place.
  • #8,031
  • Oct 29, 2009 11:13am Oct 29, 2009 11:13am
IMO , there are two possibilities,
1- According to what I see in the chart (the impulse wave from .8945), a new high is doable in near future
2- if the pair gets some resistance form 4hour EMA 55, and the 50% fib level of the previous downside move, and S turns R in .9185
we will have a thrid wave as an three waves decline from the top, means we will see a drop to .87750 100% projection and AB=CD ,
Attached Image (click to enlarge)
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  • #8,032
  • Oct 29, 2009 11:15am Oct 29, 2009 11:15am
Been taking long opportunities during this correction

I'll be targetting 95-9800

And... TS?


From what I've noticed, AUD tends to be more fundamentals based compaed to GBP which seems pretty technical. Watch indicators such as Dow Jones; if it breaks the 10k mark again we'll see it go up to around 9300.

The stronger US GDP data, the recent AU CPI data and hopefully with more good data to come, this may help to push the RBA to increase rates by 50 bps next week.
  • #8,033
  • Oct 29, 2009 12:11pm Oct 29, 2009 12:11pm
Quoting G_Man
i closed them before GDP ...
now i am scalping like benjamin ....

kiwi short and aussie long ...
Better to be safe than sorry... I'm barely hanging in on the long side now, moved the stop up to 0.9150; , I'm going to be stopped out any minute now, but it's been a great ride today!

Profited nice on NZD short, ended up profited decent on AUD long (which I was just planning to get back flat from the short NZD hedge)... but killed on the EUR/GBP long yesterday, which ate lots of profits...

Do you play a lot of other pairs or just focus on AUD? Usually, I do great on AUD and NZD but end up getting into other pairs and end up losing some good profits... I may only do AUD and NZD from now on.
  • #8,034
  • Oct 29, 2009 12:13pm Oct 29, 2009 12:13pm
Quoting T55
Been taking long opportunities during this correction

I'll be targetting 95-9800

And... TS?


From what I've noticed, AUD tends to be more fundamentals based compaed to GBP which seems pretty technical. Watch indicators such as Dow Jones; if it breaks the 10k mark again we'll see it go up to around 9300.

The stronger US GDP data, the recent AU CPI data and hopefully with more good data to come, this may help to push the RBA to increase rates by 50 bps next week.
We may very well have a Bullish Engulfing pattern on the daily charts... if so, that'll be huge and could still give you your target this year.
  • #8,035
  • Oct 29, 2009 1:44pm Oct 29, 2009 1:44pm
what a brutal 2 days, finally back to break even :/
  • #8,036
  • Oct 29, 2009 2:05pm Oct 29, 2009 2:05pm
Quoting fiat
what a brutal 2 days, finally back to break even :/
Hi Fiat, this time you were lucky, next time try to hedge your losing positions or use a descent SL , just a friendly advice.
  • #8,037
  • Oct 29, 2009 2:11pm Oct 29, 2009 2:11pm
shahab,

Yes, very true words.. Have learnt a lot over the past 2 days. Need to walk away for a while and come back with better MM, or don't come back at all.
  • #8,038
  • Oct 29, 2009 2:11pm Oct 29, 2009 2:11pm
I'm closing my Kiwi long from london open with 170+ pips , I notice some resistance to the upside, if it holds , I try to get short agian from current level on both Aussie and Kiwi, +my usual hedging SL protection, if they become annoyingly bullish
  • #8,039
  • Oct 29, 2009 2:53pm Oct 29, 2009 2:53pm
Hi guys,
first time around here. Had a signal on my daily chart this morning and got in short at 0.89825. Had a signal long on the hourles right afterwards and got in with an equal size, hedging completely my daily short. SL on the short is at 0,93356. I sure hope Shahab's 2nd hypothesis is the right one!
Wendy
  • #8,040
  • Oct 29, 2009 4:20pm Oct 29, 2009 4:20pm
here is what I see, good area to look for long. stop very tight
Attached Image (click to enlarge)
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