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AUD/USD

  • #9,581
  • Nov 23, 2009 9:09am Nov 23, 2009 9:09am
something independently push dow & S&p to higher and higher what is it?
  • #9,582
  • Nov 23, 2009 9:18am Nov 23, 2009 9:18am
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 10:05am Nov 23, 2009 10:05am
Quoting ben10
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
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 11:25am Nov 23, 2009 11:25am
Quoting G_Man
Gold makes you sweat ...
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 11:31am Nov 23, 2009 11:31am
still holding to my Long Aussie from .9110, I move SL to .9200 to protect 90 pips.
  • #9,586
  • Nov 23, 2009 11:32am Nov 23, 2009 11:32am
Anyone interested to buy at .9210? I think we bounce from there again if R now S holds
  • #9,587
  • Nov 23, 2009 11:52am Nov 23, 2009 11:52am
Silver down, I'm closing my Long Assuie at .9250 (+140) ,
Stand aside for now
  • #9,588
  • Nov 23, 2009 12:12pm Nov 23, 2009 12:12pm
Quoting shahab8b
Silver down, I'm closing my Long Assuie at .9250 (+140) ,
Stand aside for now
Was thinking about a short. Small one....
  • #9,589
  • Nov 23, 2009 12:33pm Nov 23, 2009 12:33pm
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 12:45pm Nov 23, 2009 12:45pm
Quoting shahab8b
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
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 1:09pm Nov 23, 2009 1:09pm
  •  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 3:57pm Nov 23, 2009 3:57pm
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 4:27pm Nov 23, 2009 4:27pm
Quoting sinner-
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.
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 7:08pm Nov 23, 2009 6:51pm | Edited 7:08pm
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
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1.gif Size: 10 KB
  • #9,595
  • Edited 9:02pm Nov 23, 2009 7:34pm | Edited 9:02pm
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 9:13pm Nov 23, 2009 9:13pm
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 10:03pm Nov 23, 2009 10:03pm
Quoting dazers
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...
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 10:08pm Nov 23, 2009 10:08pm
Quoting tradoholic
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.
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.
  • #9,599
  • Nov 23, 2009 11:00pm Nov 23, 2009 11:00pm
.9060-9130 is a very critical zone closing lower, can trigger daily bearish
dv
Attached Image (click to enlarge)
Click to Enlarge Name: bearish dv.gif Size: 23 KB
  • #9,600
  • Nov 23, 2009 11:11pm Nov 23, 2009 11:11pm
Quoting peyman
.9060-9130 is a very critical zone closing lower, can trigger daily bearish
dv
what about long bear on AUS $
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