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AUD/USD

  • #9,641
  • Nov 24, 2009 8:20pm Nov 24, 2009 8:20pm
Quoting Leche Mocha
The Aussie Govt. came out with their news now. The pair ran up into the news but and stopped going up at .9250. This may signal a down move is about to start like some on this board have already said was coming. It could be a "sell the news" thing.

http://www.forexfactory.com/news.php?do=news&id=208095
There were offers on the table this morning apparently, but the RBA deputy gov comments pushed it past the offers.

Rally was halted with the worse than expected skilled employment the offers come back to the desk? It might go to R1 anyway if they want to sell from there.
  • #9,642
  • Nov 24, 2009 8:25pm Nov 24, 2009 8:25pm
Quoting Leche Mocha
The Aussie Govt. came out with their news now. The pair ran up into the news but and stopped going up at .9250. This may signal a down move is about to start like some on this board have already said was coming. It could be a "sell the news" thing.

http://www.forexfactory.com/news.php?do=news&id=208095
im watching the resistance at 9280 for the week , let see if she can penetrate that and watch out for fake breakout be nimble! ready to attack as the cross and kiwi/dollar long also in black.

also watch if the kiwi can break above 7300 snowball in place, attack!
  • #9,643
  • Nov 24, 2009 8:29pm Nov 24, 2009 8:29pm
strong fib resistance @ .92548, could also be a strong support for entry,
cause Symmetry tells me at least .93008.
  • #9,644
  • Nov 24, 2009 8:30pm Nov 24, 2009 8:30pm
Quoting Patience
Gold is busting some accounts again .....
Hi Buddy did you read the link i post? see what you think?

http://www.forexfactory.com/showpost...postcount=9580
  • #9,645
  • Nov 24, 2009 8:37pm Nov 24, 2009 8:37pm
Quoting Patience
Gold is busting some accounts again .....
Hi Patience,

Hope you're pipping well. I was wondering if you could kindly keep posting your BOS daily report and contarian signal, it would be of great help. It always has been a good read.

Secondly, can you please advise on how the markets move usually in December? This is my first December and hence the question. I understand the volumes are really thin but do markets move, if at all from 20th December till 5th Jan?

Thanks
  • #9,646
  • Nov 24, 2009 8:41pm Nov 24, 2009 8:41pm
Not Alone at all! Long from .9169

First Tp .92800 Longer term is @ around 9320 an area I am looking to as past resistance.

I am new to this thread and fairly new to AUD/USD.

At the request of a friend I have taken a look and I am hooked.
Mostly great experiences so far and I look forward to sharing more.

I am enjoying the correlation to Physical Gold Spot... Thanks for having me!
X-

Quoting taomql4
You are not alone--Partial take @.92504-might pause alittle

long term target ,@.93160
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,647
  • Nov 24, 2009 8:44pm Nov 24, 2009 8:44pm
snowball at work 1.2681 x4 ( redline is profit stop) locked the gain and let the market decide how much money she willing to hand to me

http://img40.imagefra.me/img/img40/1...km_3dae401.png
  • #9,648
  • Nov 24, 2009 8:45pm Nov 24, 2009 8:45pm
Quoting ben10
Hi Buddy did you read the link i post? see what you think?

http://www.forexfactory.com/showpost...postcount=9580
Well I've been in awe of all those who have been shorting. I haven't got the guts and I don't want a headache. Since I started dabbling with gold, I've only ever gone long. I thought for a while there that I may have been brainwashed by all the stuff I read. Seems the writers of the articles were right on the button ..... if only I had held onto my positions.

Even read an article last week that the super rich were giving the bird to hedge funds and were investing in gold themselves.

You'll never hear me say I'm shorting gold and if I do please shoot me
Nothing worth having is easy.
  • #9,649
  • Nov 24, 2009 8:46pm Nov 24, 2009 8:46pm
anybody looking at euraud 1 hr (its about to break it's lows to .6071),
could help more buyin of AUD>>>
  • #9,650
  • Nov 24, 2009 8:49pm Nov 24, 2009 8:49pm
Quoting XTrade
Not Alone at all! Long from .9169

First Tp .92800 Longer term is @ around 9320 an area I am looking to as past resistance.

I am new to this thread and fairly new to AUD/USD.

At the request of a friend I have taken a look and I am hooked.
Mostly great experiences so far and I look forward to sharing more.

I am enjoying the correlation to Physical Gold Spot... Thanks for having me!
X-
Hi XTrade, welcome to the aud/usd thread! you will find most people here very positive , we learn from each other and exchange though.

looking forward to see your though and opinion plus the chart.
  • #9,651
  • Nov 24, 2009 8:51pm Nov 24, 2009 8:51pm
Quoting Patience
Well I've been in awe of all those who have been shorting. I haven't got the guts and I don't want a headache. Since I started dabbling with gold, I've only ever gone long. I thought for a while there that I may have been brainwashed by all the stuff I read. Seems the writers of the articles were right on the button ..... if only I had held onto my positions.

Even read an article last week that the super rich were giving the bird to hedge funds and were investing in gold themselves.

You'll never hear me say I'm shorting gold and if I do please...
my ammo is plentiful but i would never shoot for no reason but i shoot the synthetic for sure.
  • #9,652
  • Nov 24, 2009 8:54pm Nov 24, 2009 8:54pm
Quoting XTrade
Not Alone at all! Long from .9169

First Tp .92800 Longer term is @ around 9320 an area I am looking to as past resistance.

I am new to this thread and fairly new to AUD/USD.

At the request of a friend I have taken a look and I am hooked.
Mostly great experiences so far and I look forward to sharing more.

I am enjoying the correlation to Physical Gold Spot... Thanks for having me!
X-
what do you think about the euraud going to .6071, don't really
want to introduce another pair but it helps to know where to
the buying volume is comin from... about to break high volume
pivot area (accumulation area)
  • #9,653
  • Nov 24, 2009 8:56pm Nov 24, 2009 8:56pm
Quoting Patience
Well I've been in awe of all those who have been shorting.
Hi Patience, just like your name, contra trend trading largely is a patience game. You have to recognise ultra reliable contra setups and then make it a "free trade" as quickly as possible (by free trade I mean you exit half at 1:1 to make your risk 0).

I have been taking shorts on A/U since 0.755, it has been a hard run without any success longer than a few days but the damage to my account has also been minimal because I am aware it is a contra trade and will trade accordingly. Try not to get a headache about ANY trade you take. I have no issues continuing this business, because the one that pays off will be very nice
  • #9,654
  • Nov 24, 2009 9:03pm Nov 24, 2009 9:03pm
Quoting puks
Hi Patience,

Hope you're pipping well. I was wondering if you could kindly keep posting your BOS daily report and contarian signal, it would be of great help. It always has been a good read.

Secondly, can you please advise on how the markets move usually in December? This is my first December and hence the question. I understand the volumes are really thin but do markets move, if at all from 20th December till 5th Jan?

Thanks
Hi Puks

I don't know how this is going to play out this year because we are over-extended on the yearly ranges. I thought that some big boys would want to take some profit off the table but it hasn't materialised yet.

We also had a bullish engulfing candle on the weekly USDX last week and I was expecting some love for the US$ this week (and for the next few weeks) but that hasn't happened either although the week isn't over. The US$ for the most part gets hammered on Thanksgiving.

My guess is that they are going to take profit when everyone least expects it because the charts aren't looking very bearish to me at the moment.

I'll check my email and FXCM platform and post what I have in a bit.
Nothing worth having is easy.
  • #9,655
  • Nov 24, 2009 9:03pm Nov 24, 2009 9:03pm
Quoting taomql4
what do you think about the euraud going to .6071, don't really
want to introduce another pair but it helps to know where to
the buying volume is comin from... about to break high volume
pivot area (accumulation area)
my buying order still in place , let see the valuation from aud/jpy and eur/yen persvective , the decide its eur strengh or aud one or my be the yen strengh

http://img37.imagefra.me/img/img37/1...wm_7b0eeca.png
  • #9,656
  • Nov 24, 2009 9:08pm Nov 24, 2009 9:08pm
they pass the cluster, it would not be wise to short AU...
Attached Image (click to enlarge)
Click to Enlarge Name: tapereading13.gif Size: 35 KB
  • #9,657
  • Nov 24, 2009 9:14pm Nov 24, 2009 9:14pm
Quoting taomql4
they pass the cluster, it would not be wise to short AU...
thanks for the chart Taomql4, nice shade line there and very sweet trade indeed!
  • #9,658
  • Nov 24, 2009 9:15pm Nov 24, 2009 9:15pm
Quoting sinner-
Hi Patience, just like your name, contra trend trading largely is a patience game. You have to recognise ultra reliable contra setups and then make it a "free trade" as quickly as possible (by free trade I mean you exit half at 1:1 to make your risk 0).
Don't I know it. It took me two years to close some trades That's the lesson contra trend trading taught me .... you would have thought I would have learnt my lesson by now .... You are very disciplined. I'm just not into using those tight stops you use.

Quoting sinner-
Try not to get a headache about ANY trade you take.
Yeah, it's probably not the trade, it's more like my three year old jumping up and down on my lap while I am trying to trade screaming for Michael Jackson's Thriller video on YouTube
Nothing worth having is easy.
  • #9,659
  • Nov 24, 2009 9:25pm Nov 24, 2009 9:25pm
as you see it on hourly chart eur/aud down, aud/usd is up , i see the weakness of usd here in this particular session , where should i trade the eur/usd ? long or short ? also the chart exibit nice trending upwards on 5 minute chart break and penetrate 1.4975 ,1.4880, 1.4985

we could scalp for view pips
  • #9,660
  • Nov 24, 2009 9:26pm Nov 24, 2009 9:26pm
Quoting Patience
Don't I know it. It took me two years to close some trades
Maybe we need a lesson from each other. My big problem is not entry I always pick great entry. My problem is when the hell to hold on for 2 years! So far this year I have made probably over 1000 10 pip trades which wouldve netted 100-200 pips each and I only held them for 30-50 pips each AT BEST.
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