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AUD/USD

  • #9,481
  • Nov 20, 2009 4:43am Nov 20, 2009 4:43am
sometimes not letting your system do its thing sucks
  • #9,482
  • Nov 20, 2009 4:56am Nov 20, 2009 4:56am
Quoting puks
Ben, I am still locked in the loss as Price didn't move below .9125 (missed the TP by 9 pips :-(( ) neither she moved above .9250.
http://img02.imagefra.me/img/img02/1...xm_df54f7e.png

should i add more?
  • #9,483
  • Nov 20, 2009 5:00am Nov 20, 2009 5:00am
Quoting puks
Just cleared my shorts from 2 weeks ago with some tiny profit :-) Added more shorts but I am NET LONG. The last shorts will TP at .9070 (If it gets there and from there, LONG LONG LONG) = all the way.
Hi Puks,I went to bed and I didnt read your last post about taking loss on your Shorts, it seems you took profit on them. but remeber you niether did use the snowball theory of ben (that's what I thought is your plan) nor my suggestion of having a bias to be profitable. I mentioned here couple of time as far as Resistance at .9210-15 holds the bais the bearish.
  • #9,484
  • Nov 20, 2009 5:05am Nov 20, 2009 5:05am
90 next critical level for daily support..
  • #9,485
  • Nov 20, 2009 5:12am Nov 20, 2009 5:12am
Quoting shahab8b
Hi Puks,I went to bed and I didnt read your last post about taking loss on your Shorts, it seems you took profit on them. but remeber you niether did use the snowball theory of ben (that's what I thought is your plan) nor my suggestion of having a bias to be profitable. I mentioned here couple of time as far as Resistance at .9210-15 holds the bais the bearish.
I did use Ben's theory on my shorts but couldn't add more as I wanted to protect some free margin on my equity, just in case...

Here is my set-up now::

Buy = .9085, .9105, .9125 - TP for all of them are .9145
Sell = .9065, .9045, .9025 - TP for all of them are .9005

whichever way she goes, I will add. These buystop and sell stops are already placed.

I have a bias towards long and I am prepare to wait it out as I already have some long orders from an average .9250 and I am not going to add more unless it goes to .89ish to give me better average.

Do you have any other suggestions?
  • #9,486
  • Nov 20, 2009 5:16am Nov 20, 2009 5:16am
ok pruning at work aka took those good pips wait the pullback as she travel more than average of 300 pips for the week, what would you do if the gold fall below 1000 level? im going to become a buyer

http://img39.imagefra.me/img/img39/1...gm_af5f278.png
  • #9,487
  • Nov 20, 2009 5:30am Nov 20, 2009 5:30am
I still have short Gold position from 1,143 , moved SL to B/E
Attached Image (click to enlarge)
Click to Enlarge Name: gold4.gif Size: 14 KB
  • #9,488
  • Nov 20, 2009 5:31am Nov 20, 2009 5:31am
Quoting puks
I have a bias towards long and I am prepare to wait it out as I already have some long orders from an average .9250 and I am not going to add more unless it goes to .89ish to give me better average.
good job stay with the plan ! usually after such a very strong trend she can not just fall like that back to 6500 or 7500 or what ever , first she must do the the consolidation phase then reversal then down but on daily chart below the bulls trend still intact and no reversal sign yet !so expect the ranging trade for the next few weeks and let see where the traders/investor willing to bet ... just IMO!

http://img03.imagefra.me/img/img03/1...1m_3dfed98.png
  • #9,489
  • Nov 20, 2009 5:32am Nov 20, 2009 5:32am
dose anyone remeber this?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd15.gif Size: 13 KB
  • #9,490
  • Nov 20, 2009 5:35am Nov 20, 2009 5:35am
what I see is 1,61 projection of A wave from B , which now is completed in C. I wont follow this down,
I think this huge move needs an upside correction now. but the price needs to clear Support turns Resistance at .9135 first,
As fas as .9135 holds the bias is bearish, but the move is over extented now.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd16.gif Size: 14 KB
  • #9,491
  • Nov 20, 2009 5:45am Nov 20, 2009 5:45am
snowball! first you must in profit set the profitstop to protect your trade, then you add more , move all your profitstop above your average price becouse when the price retrace and hit your profitstop you out with few pips gain but if the price continue in your pavour you are pipping more

http://img39.imagefra.me/img/img39/1...bm_f58dd4a.png
  • #9,492
  • Nov 20, 2009 5:46am Nov 20, 2009 5:46am
Quoting puks
I did use Ben's theory on my shorts but couldn't add more as I wanted to protect some free margin on my equity, just in case...

Here is my set-up now::

Buy = .9085, .9105, .9125 - TP for all of them are .9145
Sell = .9065, .9045, .9025 - TP for all of them are .9005

whichever way she goes, I will add. These buystop and sell stops are already placed.

I have a bias towards long and I am prepare to wait it out as I already have some long orders from an average .9250 and I am not going to add more unless it goes to .89ish to give me better...
It seems reasonable, ben10 says it works so be it, however I use another technique, when I have a bais ,I use limit orders to get filled (buy dip/sell high) , here is the examlpe, lets say my bias is bearish , agianst ,9135 now, I wont put an Stop Sell Order at ,9050 but I do a Limit Sell order at .9115-20 , then I use Stop Buy Order just above my R at .9135 in case my R dosent hold, that's my concept of hedging. but ,if it does hold, I have just a Short position , not some combination of crazy Buy/Sell position which you get confused to close which one first
  • #9,493
  • Nov 20, 2009 6:00am Nov 20, 2009 6:00am
Quoting shahab8b
what I see is 1,61 projection of A wave from B , which now is completed in C. I wont follow this down,
I think this huge move needs an upside correction now. but the price needs to clear Support turns Resistance at .9135 first,
As fas as .9135 holds the bias is bearish, but the move is over extented now.
thank buddy! what i want to ask is... do you think she has more room to fall? as she already penetrated the weekly average move

http://img37.imagefra.me/img/img37/1...7m_6f6f2a2.png
  • #9,494
  • Nov 20, 2009 6:42am Nov 20, 2009 6:42am
Quoting ben10
thank buddy! what i want to ask is... do you think she has more room to fall? as she already penetrated the weekly average move
Hi Ben10, I think this move is completed, 161% projection of A is more than enough, I try to buy dip ,but one needs to be careful, the bais in H/4H is bearish as long as .9135-50 holds, but I see a bullish bais in 5min chart ,which is done by now, may be we try to trade 15min bullish wave when it starts
  • #9,495
  • Nov 20, 2009 6:46am Nov 20, 2009 6:46am
long $AUDUSD @ .9107, SL 9059, TP 9250

buying at weekly ascending trendline support and US Dollar futures testing hourly resistance at 75.83
  • #9,496
  • Nov 20, 2009 6:55am Nov 20, 2009 6:55am
Quoting shahab8b
Hi Ben10, I think this move is completed, 161% projection of A is more than enough, I try to buy dip ,but one needs to be careful, the bais in H/4H is bearish as long as .9135 holds, but I see a bullish bais in 5min chart ,which is done by now, may be we try to trade 15min bullish wave when it starts
thanks buddy, and if she done with 9135, next resistance is 9214 (your chart) and i believe not gonna happen this week, next week perhaps.
  • #9,497
  • Nov 20, 2009 6:55am Nov 20, 2009 6:55am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Gold short
AUD long
NZD short

you should try .... its a money making combination ...
  • #9,498
  • Nov 20, 2009 7:09am Nov 20, 2009 7:09am
Quoting G_Man
Gold short
AUD long
NZD short

you should try .... its a money making combination ...
  • #9,499
  • Nov 20, 2009 7:12am Nov 20, 2009 7:12am
Quoting G_Man
Gold short
AUD long
NZD short

you should try .... its a money making combination ...
fairdinkum! good on you mate

http://img40.imagefra.me/img/img40/1...cm_b1b4626.png
  • #9,500
  • Nov 20, 2009 7:20am Nov 20, 2009 7:20am
This may be the reason for the big movement in the USD related pairs. It's just one of many but it makes sense to me.

http://www.forexfactory.com/showpost...stcount=163959
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