AUD/USD | Page 415 | 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

  • #8,281
  • Nov 3, 2009 7:35am Nov 3, 2009 7:35am
Quoting puks
G'day Ben,

I would like to discuss this snowball theory with you. Please correct me if I am wrong.

say the price right now is .8960. I can have stop buy orders lined up at .8970, .8980, .8990 and .9000 with TP of .9050.

Similarly i have stop sell orders lined up at .8950, .8940, .8930 and .8920 with TP of .8900.

so if the price moves just in one direction, all my orders are going to get filled. but what if the price retraces back from .9020 and I am not infront of my computer? Then the price moves to .8910. so during this ride,all my buy...
the first trade you are in profit you set the stop or profit taking above your position in orther word you protect your profit and if it retrace profit already taken, do not set the profit target as the stop took care of it.

the secend one , you are long x4 and short x4 , you had to wait where the price travel below or above your average position either the short in profit or long in profit and you attak or add to the winning one +4 if the price continue in your winning trade direction add a nother 4 and so on when the time come you add the loosing one 8 to lock in the gain
  • #8,282
  • Nov 3, 2009 7:49am Nov 3, 2009 7:49am
AUD keeps losing ground

when I saw it moving from 0,90 to 0,93 in two weeks, everyone was bullish and talking about parity, maybe I still had some reason to foresee a pullback towards 0,86 - 87.

of course I had to hold a losing position from 0,90 and that was not right, but I was confident that the rise was overdone

I am monitoring USDX and notice there's space on the upside for 90 - 100 pips at least, resistance at 77,50.

AUDUSD should form a base at 0,88 or slightly lower before coming back

Also I guess that AUD could underperform european currencies after leading the rally on October, I am looking for a good buying point on EURAUD
  • #8,283
  • Nov 3, 2009 7:50am Nov 3, 2009 7:50am
puks
if you couldnt be at the computer when u do this you would have the comfort of knowing your net loss would be capped as the difference between your long and short orders, the unrealised loss, yet the upside is unlimited. (if you didnt have tp)

if you could be at the computer you should have opened up 4 short orders at the first sign of retrace from 9020 to lock in profits.
  • #8,284
  • Nov 3, 2009 7:57am Nov 3, 2009 7:57am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting tradoholic
do you reckon it will get back to it? I missed my mark going long, now I am suffering
hi tradoholic, if it comes back down we may see a break below 8900 and just above 8860 IMO ...

however i have TP (half) at 8860 ... so i wil add more long at 8905 just in case ...
  • #8,285
  • Nov 3, 2009 7:58am Nov 3, 2009 7:58am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
i meant to say i TP at 8960 ...
  • #8,286
  • Nov 3, 2009 8:03am Nov 3, 2009 8:03am
Quoting Krab
Guys, I have been trading in forex for a month now and i've been learning a lot from this forum. I was long on AUDUSD from yday hoping to gain some pips after the cash rate announcment. However, got into deep losses and my stop loss kicked in. I still don't understand why AUDUSD went down so badly. I thought it was "no brainer" situation. Now that I am absolutely wrong, i would like to understand why. Can somebody help me understand?
Look at my tech.analysis 2 hr before the rate hike,
http://www.forexfactory.com/showthre...95260&page=549
  • #8,287
  • Nov 3, 2009 8:07am Nov 3, 2009 8:07am
Quoting dazers
if you couldnt be at the computer when u do this you would have the comfort of knowing your net loss would be capped as the difference between your long and short orders, the unrealised loss, yet the upside is unlimited.

if you could be at the computer you should have opened up 4 short orders at the first sign of retrace from 9020 to lock in profits.
may be this one abit easier: you long at 93 and short at 90 so you are net loss of 300 pips and the price now at 9150, you set limit long at 92 and 9250, and limit short at 91 and 9050, again price spike and hit all your orders both side now you had long average long at 9250 x 3 and average short at average short at 9100 x3, above average long you set limit long x3 and x3 andx3and below average short you set limit short x3 and x3 and x3 after ranging long time finally the trend pop out you gonna have more winning set to the losing set and snowball the attack.
  • #8,288
  • Nov 3, 2009 8:10am Nov 3, 2009 8:10am
Quoting Rick2Max
It appears to me that the daily chart is bullish looking and the 4 hour chart is bearish looking.
True, but I'm just curious to know whats your reason, just looking at the PA and the chart pattern? or you are using those MA crosses, IMO ,MA are not good to make a trade decision , they put you into trouble
  • #8,289
  • Nov 3, 2009 8:14am Nov 3, 2009 8:14am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
limit long set at 8905 and 8870
good night guys ...
  • #8,290
  • Nov 3, 2009 8:15am Nov 3, 2009 8:15am
In Oanda, if let's say you have 10 open long positions and all are in profit. You decide to close them all at once. How do you go about it? Do you click the EXPOSURE tab, click on AUD and it ask, "Are you sure you want to close AUD?" If you click OK, will it close all open positions that is related to AUD, be it AUD/USD, AUD/JPY and so on?
  • #8,291
  • Nov 3, 2009 8:19am Nov 3, 2009 8:19am
Quoting fammira
AUD keeps losing ground
Also I guess that AUD could underperform european currencies after leading the rally on October, I am looking for a good buying point on EURAUD
sounds good to me but she did not pick me up, perhaps i have to scale it

http://h.imagehost.org/0646/ea.jpg
  • #8,292
  • Nov 3, 2009 8:21am Nov 3, 2009 8:21am
Quoting puks
Please see the 4H chart here. Please correct me if my analysis is wrong. I see it going down based on the chart below:

cheers
Hi Puks, that seems right, but I dont get what are doing at your tradings, I zoomed in your chart but the Buy/Sell and Stop orders are not clear to me,
BTW, did you read my relpy?
  • #8,293
  • Nov 3, 2009 8:29am Nov 3, 2009 8:29am
Quoting Qwert
In Oanda, if let's say you have 10 open long positions and all are in profit. You decide to close them all at once. How do you go about it? Do you click the EXPOSURE tab, click on AUD and it ask, "Are you sure you want to close AUD?" If you click OK, will it close all open positions that is related to AUD, be it AUD/USD, AUD/JPY and so on?
no ,only the pair you clicked will closed
  • #8,294
  • Nov 3, 2009 8:32am Nov 3, 2009 8:32am
I closed my shorts that I took during the rate hike (100+ pips) ,
now I look to short agian , agianst .9125 + S&R at .9180
  • #8,295
  • Nov 3, 2009 8:33am Nov 3, 2009 8:33am
Quoting shahab8b
MA are not good to make a trade decision , they put you into trouble
true, as Mr.guppy said use it as reading the behaviour of the traders and investors as in group/s of multiple moving average.
  • #8,296
  • Nov 3, 2009 8:34am Nov 3, 2009 8:34am
Quoting shahab8b
I closed my shorts that I took during the rate hike (100+ pips) ,
now I look to short agian , agianst .9125 + S&R at .9180
Seems like you trade more and more leaning towards shorter time frame now Shahab8b
  • #8,297
  • Nov 3, 2009 8:35am Nov 3, 2009 8:35am
Quoting G_Man
limit long set at 8905 and 8870
good night guys ...
nite buddy
  • #8,298
  • Nov 3, 2009 8:38am Nov 3, 2009 8:38am
Quoting ben10
no ,only the pair you clicked will closed
Ok, thanks!
  • #8,299
  • Nov 3, 2009 8:42am Nov 3, 2009 8:42am
Quoting puks
I had put money on Roman Emperor. She was travelling OK but towards the end she fizzled out. Much like my trading account.

Most of the time I travel well. make $$ in 5 and 10 and when I lose, I lose in 100s.

story of my life :-((
Puks, based on what I wrote to you the chart should look like this now,
here is some hints,
we all know sell high/buy dip concept,but the point is do it at the right context (buy dip at a smaller TF while the bigger TF is bullish) .I saw some new trader do it in a wrong way (they sell high at a bullish context) no surprise they get magin call so soon

having said that, I put Limit Sell Orders agianst .9125 / then Hedge them if they pass my SL zone
If you work with Limit Orders/Stop Orders, you can handle your account while you are doing your job, besides this will take emotion out of your trading.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd5.gif Size: 14 KB
  • #8,300
  • Nov 3, 2009 8:47am Nov 3, 2009 8:47am
Quoting ben10
Seems like you trade more and more leaning towards shorter time frame now Shahab8b
Hi Ben10, thats true,
Since I started to hedge at SL , I have been using 1Hr TF , to profite from both directional and range trading at shorter term, usually my trades last couple of hrs to 1-2 days max
33 traders viewing now