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AUD/USD

  • #8,721
  • Nov 10, 2009 6:21pm Nov 10, 2009 6:21pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting otm
Be very wary of China data out in a couple of hours, it will move the AUD substantially. If its postive all you short sellers selling against the trend will get burnt. Looking at it every time there has been a dip it gets bid back up. I am long.
when's the news?
  • #8,722
  • Nov 10, 2009 6:22pm Nov 10, 2009 6:22pm
Quoting micho
I dont want to share charts, I just write it down
fair enough ,thanks aanyway
  • #8,723
  • Nov 10, 2009 6:23pm Nov 10, 2009 6:23pm
Quoting micho
You dont really need to watch the news
offcourse what i said isnot a rule but when a consolication happens ,, candlesticks dont give the right signal ,,i just look at it in a different way ,,, a big rejection means buyers and seller r convienced with this level as a selling level ,, buyers sell and short
on the other hand , when a bull and bear battle like this happens and it means that buyers and sellers dont have a common point of view on this levels ,, longers think it ll go up so they dont sell and sellers think it ll go down and they add short ,, when it continues for hours like this ,,, specially when the test of support at 9260 9280 tested couple of times with successfull repeal back ,, then i think some ppl were not convienced of longing here but they longed at the first support level when it sinked and that convienced the longers of holding there position more and that would refer that more buyers might come out soon and push it up

at the end market never act in a certain expected way all the time
so i m just sharing my thoughts
  • #8,724
  • Nov 10, 2009 6:23pm Nov 10, 2009 6:23pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting micho
I dont want to share charts, I just write it down
so what's R and S in your chart for this week?
  • #8,725
  • Nov 10, 2009 6:26pm Nov 10, 2009 6:26pm
Quoting Jesus4748
offcourse what i said isnot a rule but when a consolication happens ,, candlesticks dont give the right signal ,,i just look at it in a different way ,,, a big rejection means buyers and seller r convienced with this level as a selling level ,, buyers sell and short
on the other hand , when a bull and bear battle like this happens and it means that buyers and sellers dont have a common point of view on this levels ,, longers think it ll go up so they dont sell and sellers think it ll go down and they add short ,, when it continues for hours like...
Yes but news doesn't give anything new to the market... it is all priced in otherwise the market is in indecision, once the news is released the market will react much quicker than you do... so you can't trade the news just trade the charts
When life gives you lemons, make lemonade
  • #8,726
  • Nov 10, 2009 6:27pm Nov 10, 2009 6:27pm
Quoting G_Man
when's the news?
here you go G_MAN

http://img02.imagefra.me/img/img02/1...am_7863b81.png
  • #8,727
  • Nov 10, 2009 6:32pm Nov 10, 2009 6:32pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
here you go G_MAN
oh right !!! just realised CNY wasnt filtered on my EC so i just changed it ...

thanks ben ...
  • #8,728
  • Nov 10, 2009 6:43pm Nov 10, 2009 6:43pm
Quoting micho
Yes but news doesn't give anything new to the market... it is all priced in otherwise the market is in indecision, once the news is released the market will react much quicker than you do... so you can't trade the news just trade the charts
sorry m8 , u got me wrong ,, i was talking about my point of view regardin consolidation next to a critical res level ,,, but about trading the news
i totall agree with u but i watch the news to spot liquidity times and sometimes critical news can be a turning point in a market ,, imagine if the unemployment AUD report comes now ,, big positive report will surely break the 9325 level and negative can shot it down
news is effective for liquidity spoting times and critical news can set market direction for the short term
  • #8,729
  • Nov 10, 2009 6:49pm Nov 10, 2009 6:49pm
Quoting Jesus4748
sorry m8 , u got me wrong ,, i was talking about my point of view regardin consolidation next to a critical res level ,,, but about trading the news
i totall agree with u but i watch the news to spot liquidity times and sometimes critical news can be a turning point in a market ,, imagine if the unemployment AUD report comes now ,, big positive report will surely break the 9325 level and negative can shot it down
news is effective for liquidity spoting times and critical news can set market direction for the short term
I dont care about the news and I dont believe in fundamentals. I only trade the charts
When life gives you lemons, make lemonade
  • #8,730
  • Nov 10, 2009 6:51pm Nov 10, 2009 6:51pm
Quoting Jesus4748
sorry m8 , u got me wrong ,, i was talking about my point of view regardin consolidation next to a critical res level ,,, but about trading the news
i totall agree with u but i watch the news to spot liquidity times and sometimes critical news can be a turning point in a market ,, imagine if the unemployment AUD report comes now ,, big positive report will surely break the 9325 level and negative can shot it down
news is effective for liquidity spoting times and critical news can set market direction for the short term
Absolutely!

You should be using all the tools you have available. To ignore news and remove it as a factor in your trading plan is ignorant.
  • #8,731
  • Nov 10, 2009 6:51pm Nov 10, 2009 6:51pm
Quoting Jesus4748
so i m just sharing my thoughts
excellent! " share what you know before it taken out from you"

here is my though; i dont care what pair or what the price this chart exhibit but i know for sure the price always change and the traders and investors thinking/sentiment and behaviour always changes too. when the agreement achieved on price valuation, the disagreement will follow afterward as the market is dinamic.

so where do i place my bet? when that yellow egg pop out

http://img40.imagefra.me/img/img40/1...3m_ea8880c.png
  • #8,732
  • Nov 10, 2009 6:54pm Nov 10, 2009 6:54pm
G_Man, I'm short at the moment 0.9302 TP 0.9285
  • #8,733
  • Nov 10, 2009 6:56pm Nov 10, 2009 6:56pm
I know alot of you guys are short term scalpers so long term fundamentals don't bother you, but AUD is long term bullish until USA starts raising interest rates and this is probably 6-12 months away yet, so Aud has plenty of pips up still before we see below 88 again.

Just my 2
Price is what you pay. Value is what you get
  • #8,734
  • Nov 10, 2009 6:56pm Nov 10, 2009 6:56pm
Quoting fiat
Absolutely!

You should be using all the tools you have available. To ignore news and remove it as a factor in your trading plan is ignorant.
You dont ignore the news, news is inside the charts if you look at the charts you can see the news
When life gives you lemons, make lemonade
  • #8,735
  • Nov 10, 2009 6:58pm Nov 10, 2009 6:58pm
USDCAD target 1.04790 is getting hit... stop loss at BE 1.05606
When life gives you lemons, make lemonade
  • #8,736
  • Nov 10, 2009 6:59pm Nov 10, 2009 6:59pm
Quote
here is my though; i dont care what pair or what the price this chart exhibit but i know for sure the price always change and the traders and investors thinking/sentiment and behaviour always changes too. when the agreement achieved on price valuation, the disagreement will follow afterward as the market is dinamic.



Totally agree with you Ben
Price is what you pay. Value is what you get
  • #8,737
  • Nov 10, 2009 7:03pm Nov 10, 2009 7:03pm
Quote
You dont ignore the news, news is inside the charts if you look at the charts you can see the news


This is also very true, trading news IMHO is very difficult, I like to stay away half an hour either side of it and let things settle a bit.
Price is what you pay. Value is what you get
  • #8,738
  • Nov 10, 2009 7:07pm Nov 10, 2009 7:07pm
612 pips in around 20 days
When life gives you lemons, make lemonade
  • #8,739
  • Nov 10, 2009 7:08pm Nov 10, 2009 7:08pm
nice -
  • #8,740
  • Nov 10, 2009 7:10pm Nov 10, 2009 7:10pm
Quoting scottik187
nice -
When life gives you lemons, make lemonade
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