Attachments: AUD/USD

AUD/USD

#9,581
Nov 23, 2009 7:09am Nov 23, 2009 7:09am

peyman
Joined Nov 2008 | Status: Trader | 1,032 Posts

something independently push dow & S&p to higher and higher what is it?

#9,582
Nov 23, 2009 7:18am Nov 23, 2009 7:18am

ben10
| Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts

average position at 8209 x2 ,profit stop at 9220 ... ride the horse

http://img39.imagefra.me/img/img39/1...6m_6934fee.png

im out of here! see you all at asian session Ciao!

#9,583
Nov 23, 2009 8:05am Nov 23, 2009 8:05am

T55
| Joined Jul 2009 | Status: Trader | 132 Posts

Quoting ben10

Disliked

Hi you T55 buddy where have you been ? i admire yor patience and nerve to hold the position and not get shaken by intra week movement, good job

Ignored

Been holding it for some time. I'm not too worried, I'm getting some decent rollover and I was planning on holding till next year if needed.

I will contemplate tp at 9600 though

#9,584
Nov 23, 2009 9:25am Nov 23, 2009 9:25am

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

Quoting G_Man

Disliked

Gold makes you sweat ...

Ignored

Hey, I said take it very small size, you really need to be calm with some negative in your short Gold if you took it around 1,165 as I suggested

#9,585
Nov 23, 2009 9:31am Nov 23, 2009 9:31am

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

still holding to my Long Aussie from .9110, I move SL to .9200 to protect 90 pips.

#9,586
Nov 23, 2009 9:32am Nov 23, 2009 9:32am

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

Anyone interested to buy at .9210? I think we bounce from there again if R now S holds

#9,587
Nov 23, 2009 9:52am Nov 23, 2009 9:52am

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

Silver down, I'm closing my Long Assuie at .9250 (+140) ,
Stand aside for now

#9,588
Nov 23, 2009 10:12am Nov 23, 2009 10:12am

calderone
Joined May 2009 | Status: step into liquid | 3,460 Posts

Quoting shahab8b

Disliked

Silver down, I'm closing my Long Assuie at .9250 (+140) ,
Stand aside for now

Ignored

Was thinking about a short. Small one....

#9,589
Nov 23, 2009 10:33am Nov 23, 2009 10:33am

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

I just took a Short position on EURUSD from 1.4980 with SL at 1.5000
I like the stracture in EURUSD for shorting more than Assuie

#9,590
Nov 23, 2009 10:45am Nov 23, 2009 10:45am

calderone
Joined May 2009 | Status: step into liquid | 3,460 Posts

Quoting shahab8b

Disliked

I just took a Short position on EURUSD from 1.4980 with SL at 1.5000
I like the stracture in EURUSD for shorting more than Assuie

Ignored

I am taking a break from eu, the bull moves on au have been good to me. Checking out some crosses but leary of trading NY afternoons.

Anyway, eu has been easy money for scalpers but I trade longer tf's usually so I hop around a lot.

#9,591
Nov 23, 2009 11:09am Nov 23, 2009 11:09am

Tuner
| Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts

Hey all,

Been following the threads on here for a while now. Can be really interesting to hear/read about other opinions or analysis.
(Just don't follow blind what others say or do without thinking if it fits into your own style of trading and to your size of account

)

For the AUD:
I am currently still holding my 2 long positions (from 0.9088 and 0.9180) SL is for both on 0.9220 --> some nice pips will remain in my pocket.

)

For the TP I am not sure. Got it on 0.93 at the moment but not sure anymore if we will get there that fast.

Good pips to everyone!

-Tuner-

"Blue Horseshoe loves Anacott Steel!"

#9,592
Nov 23, 2009 1:57pm Nov 23, 2009 1:57pm

Katreya
| Joined Oct 2009 | Status: Trader | 63 Posts

I was going to go long from .9211, but after looking at it on a daily... might be making a bit of a head and shoulders, ne? I'd rather re-evaluate it before I put my possible entry back in! Although, gold is on the rise still with the USD reports coming out... bit hicculty picculty. =

|/ Dream as if you'll live forever... Live as if you'll die today. \|

#9,593
Nov 23, 2009 2:27pm Nov 23, 2009 2:27pm

sinner-
Joined Apr 2009 | Status: RETIRED | 1,947 Posts

Quoting sinner-

Disliked

Today will be an up day for A/U.

Red line is projected outcome. Blue box is volumated S/R zone.

Enjoy. Very rare for me to give my prime analysis out for free.

Ignored

Good to see this analysis works across many pairs. Perfect up day on A/U with no significant retrace during US session.

#9,594
Edited 5:08pm Nov 23, 2009 4:51pm | Edited 5:08pm

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

I took a Long position at .9208 , with SL=20 pips,
.9200 should hold, if not I'll hedge below my SL with 2 Short positions

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#9,595
Edited 7:02pm Nov 23, 2009 5:34pm | Edited 7:02pm

dazers
| Joined Jun 2009 | Status: Trader | 66 Posts

Shahab8b
What do you do if your *2 hedge position is filled, but the price then goes up?
Do you open up *3 of the initial size, then add more later or once again double the position and open up *4 of initial size straight away?

I've tried hedging recently, while scalping on small tf, opening up the hedge as initial size + 1 contract. Upon reversal I would open up another position, hedge size + 1 (or initial size +2).

As the market didn't trend, it soon became apparent the unrealised loss between the long and short positions would be too much to overcome, the +1 hedge would have to run quite a distance to even break even. (without adding to it)
I was overexposed

#9,596
Nov 23, 2009 7:13pm Nov 23, 2009 7:13pm

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

Hi all,
just looking at the chart of AUD/USD, I can see the formatiom of complex head and shoulders bottom. In this case, in a bullish market wave C will take it to .9250 or so. Can anyone comment please.

Find a job that you love and you dont have to work again in your life.

#9,597
Nov 23, 2009 8:03pm Nov 23, 2009 8:03pm

shahab8b
Joined Jul 2009 | Status: The Alchemist | 8,917 Posts

Quoting dazers

Disliked

Shahab8b
What do you do if your *2 hedge position is filled, but the price then goes up?
Do you open up *3 of the initial size, then add more later or once again double the position and open up *4 of initial size straight away?

I've tried hedging recently, while scalping on small tf, opening up the hedge as initial size + 1 contract. Upon reversal I would open up another position, hedge size + 1 (or initial size +2).

As the market didn't trend, it soon became apparent the unrealised loss between the long and short positions would be too much...

Ignored

good question, the point is what's your starting point? I start with a bais,(let's say Long) then I will use Buy limit Order at proximity of my SL(buy dip) then I use 2 hedge at my SL, SL is defined on a S/R line which is case of being broken will put you into a break out scenario, it means you will most likely will end up compensating your hedge gap with your 2nd position, then you better not be greedy and close them all in appropraite profit, if you stay greedy you will close the winners try to re-enter and close the loser on average which makes the things complicated.

back to your question, the case you mentioned may happen in Expanding Triangle which you get filled in every move at your SL then you will be short of equity to get another position if you overexposed yourself, the solution is 1- recognize the pattern , 2-switch according to your inicator signals not your gut feeling (let's say MACD signal), by swithing I mean get another bais against the last swing ,then close 1-2 of your losers according to the bais you have chosen, and let the rest run.

my point is ,no system is perfect, but hedging will definitly reduce your loss, why?
1-your stop loss doesnt get hit by brokers trick specially if you are trading small TF)
2-you wont get married to a losing position forever
3-it gives you felxibility if you use small lot size according to your account size
4-you will trade ranging markets perfectly, if you know how to use it

hope it helps

#9,598
Nov 23, 2009 8:08pm Nov 23, 2009 8:08pm

doblece
Joined May 2006 | Status: Still here. | 2,602 Posts

Quoting tradoholic

Disliked

Hi all,
just looking at the chart of AUD/USD, I can see the formatiom of complex head and shoulders bottom. In this case, in a bullish market wave C will take it to .9250 or so. Can anyone comment please.

Ignored

0.9280/0.9310-ish, I think. Then down 8900, 8850, 8700 if very bearish, or just 9000-ish if uptrend shall resume.

On Daily charts.