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AUD/USD

  • #9,701
  • Nov 25, 2009 8:15am Nov 25, 2009 8:15am
i know this is the aud/usd thread just want to show the pain treshold (red dot) on 1 minute scalp thats all as it is big trades for me

http://img39.imagefra.me/img/img39/1...am_6a8a7bc.png
  • #9,702
  • Nov 25, 2009 8:36am Nov 25, 2009 8:36am
We've only done 192 pips this week so far (low of 0.9111 and high of 0.9303). Average for last 26 weeks has been 279 and weekly average for year is 304 pips.

We've also only done 501 pips for the month. Monthly average for this year is 649 pips. We did 758 pips in October and 607 pips in September. End of month is next Monday.
Nothing worth having is easy.
  • #9,703
  • Nov 25, 2009 8:43am Nov 25, 2009 8:43am
Thanks, Patience. Do you also have the average daily range? I used know a site to get that type info but forgot it.

Quoting Patience
We've only done 192 pips this week so far (low of 0.9111 and high of 0.9303). Average for last 26 weeks has been 279 and weekly average for year is 304 pips.

We've also only done 501 pips for the month. Monthly average for this year is 649 pips. We did 758 pips in October and 607 pips in September. End of month is next Monday.
  • #9,704
  • Nov 25, 2009 8:49am Nov 25, 2009 8:49am
Quoting Leche Mocha
Thanks, Patience. Do you also have the average daily range? I used know a site to get that type info but forgot it.
Do you have MT4? You can whack the ATR (Average True Range) indicator on and adjust the value to what you want e.g. I've whacked ATR 30 on daily chart and it's given me an average value of 137 pips.
Nothing worth having is easy.
  • #9,705
  • Nov 25, 2009 9:46am Nov 25, 2009 9:46am
thanks y'all, i felt relieved..it retrace to .92500 n i took profit,got 14pips but its fine coz i assume she'll bounce up still.

i do have management risk.what i usually do actually is to Lock it every -30pips.

thanks
  • #9,706
  • Nov 25, 2009 11:43am Nov 25, 2009 11:43am
Well, I still think of an ending diagonal on AUDUSD as I said before, I expect to see a new high around .945-.95 then sharp decline from there,
here are my positions which I hold now,

I have 2 Long Aussie from .9200 (+70 pips) ,SL>B/E
and just recently I went Short on Gold from 1,185 , I think this Gold Mania needs a nice retacement finally
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd1.gif Size: 11 KB
Click to Enlarge Name: gold1.gif Size: 12 KB
  • #9,707
  • Nov 25, 2009 1:32pm Nov 25, 2009 1:32pm
Gold may pull back after hitting 1188 approx.
Might be a good AUD short..
  • #9,708
  • Nov 25, 2009 4:05pm Nov 25, 2009 4:05pm
Gold nearing 1200... and AUD didn't rise accordingly... maybe indeed it's time to prepare those shorts...
  • #9,709
  • Nov 25, 2009 4:08pm Nov 25, 2009 4:08pm
Both targets hit!

One lot left open... Where to now..

If gold continues 1200 is easily in sights. I don't think we are going down just yet.

WHOOPS !!! EDIT 1191.90!!!

Back to charts.
G/L all and Happy Thanksgiving!

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.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,710
  • Nov 25, 2009 4:27pm Nov 25, 2009 4:27pm
Quoting doblece
Gold nearing 1200... and AUD didn't rise accordingly... maybe indeed it's time to prepare those shorts...
Yes, quite strange. Could it be that the market is already very long AUD and there aren't any new buyers? I haven't looked at COT for ages.

Looking at yearly ranges, the average yearly range for AUD the last nine years is 1,543 pips. It's done 3,157 pips this year - double the average Whereas the EUR's average yearly range for last 9 years is 2,099 pips and it's done 2,687 pips this year. What an underperformer! LOL

Shahab - you are a brave man!

Retail traders fighting the trend tooth and nail. One last spike up?

Well done XTrade - at least someone is making money this week!
Nothing worth having is easy.
  • #9,711
  • Nov 25, 2009 4:29pm Nov 25, 2009 4:29pm
I think nothing is going to happend before news at 19:30ET
The Market pays you to be disciplined
  • #9,712
  • Nov 25, 2009 4:40pm Nov 25, 2009 4:40pm
Hi,

Bit off topic (sorry) but last few days I've found Go Markets quite slow at taking my orders, and filling them a way off the buy or ask line. Used to be instant fills, right on the line.

Anyone else found this??

Peter
Holy Grail part 1. - Cut loses short.
  • #9,713
  • Nov 25, 2009 4:58pm Nov 25, 2009 4:58pm
Thanks, Patience. That's a great tool.

Quoting Patience
Do you have MT4? You can whack the ATR (Average True Range) indicator on and adjust the value to what you want e.g. I've whacked ATR 30 on daily chart and it's given me an average value of 137 pips.
  • #9,714
  • Nov 25, 2009 5:03pm Nov 25, 2009 5:03pm
Thanks! I think you are on to something... We broke and broke again new highs in Gold today and looking at the A/U chart it definitely was evident.
Starting appx 9200 area longs were in play, sure there was some short action but, it seems the dips were just bought up.

I would be reluctant to close everything and go short just yet. At this point
Gold should break 1200 easily, perhaps with some retracement first.

I am not convinced the down on the dollar is over yet. Some friends of mine have attempted Gold shorts (non-fx) only to be met by another $10 up!
"Shahab - you are a brave man!" Agreed!

Going further, if this sentiment continues, perhaps retracement to 93/9280
area then retest of recent high 9400 area...

Quoting Patience
Yes, quite strange. Could it be that the market is already very long AUD and there aren't any new buyers? I haven't looked at COT for ages.........
Shahab - you are a brave man!

Retail traders fighting the trend tooth and nail. One last spike up?

Well done XTrade - at least someone is making money this week!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,715
  • Nov 25, 2009 5:09pm Nov 25, 2009 5:09pm
Quoting doblece
Gold nearing 1200... and AUD didn't rise accordingly... maybe indeed it's time to prepare those shorts...
Hi Doblece, I notice in couple of last weeks when Gold rise, the other pairs (like Eur ,Aussie,...) follow it with a delay (even within 1-2 days),I actually did some trades just base on this assumption, what do you think of that?
  • #9,716
  • Nov 25, 2009 5:09pm Nov 25, 2009 5:09pm
I think a possible retest of 92 might come before the test fight at 94. They don't want people (average Joe's and Jane's) making money too easy. They have to shake them out first.

Quoting XTrade
Thanks!...
  • #9,717
  • Nov 25, 2009 5:22pm Nov 25, 2009 5:22pm
Quoting davidmaria1
Gold may pull back after hitting 1188 approx.
Might be a good AUD short..
India announced today that they are contemplating buying another lot of Gold. Upon the release of this news speculators kept buying the metal hence pushing the price higher.

If India decides not to buy then AUD and Gold will drop sharply.
Find a job that you love and you dont have to work again in your life.
  • #9,718
  • Nov 25, 2009 5:24pm Nov 25, 2009 5:24pm
Yes,
Looks like we are going down!
My last limit was just hit. Even though we go down faster sometimes, I am not too keen on going against trend or giving back my pips!

Flat as of now. Let's see how these areas of interest will pan out.. Will be looking for next entry


Quoting Leche Mocha
I think a possible retest of 92 might come before the test fight at 94. They don't want people (average Joe's and Jane's) making money too easy. They have to shake them out first.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,719
  • Nov 25, 2009 5:34pm Nov 25, 2009 5:34pm
Quoting Patience
Yes, quite strange. Could it be that the market is already very long AUD and there aren't any new buyers? I haven't looked at COT for ages.


Shahab - you are a brave man!

Retail traders fighting the trend tooth and nail. One last spike up?

Well done XTrade - at least someone is making money this week!
Hi Pateince, if you look at my chart I draw a line to show I expect more upside for now, but RRR is so bad to go long here ,the real next Support is 1,172 , I look at it with a SL above 1200 ( I bet on round number magic), if it goes higher I'll hedge or just close it ,
BTW , I have Long Aussie too, they are somehow correlated ,
and the Gold trend is really at the ending stage, no trend can go like this forever,(considering it's already accelatered from it's old trend line).
I'll be fine (at least till 1,200 !!!!)
  • #9,720
  • Nov 25, 2009 5:39pm Nov 25, 2009 5:39pm
Quoting shahab8b
Well, I still think of an ending diagonal on AUDUSD as I said before, I expect to see a new high around .945-.95 then sharp decline from there,
here are my positions which I hold now,

I have 2 Long Aussie from .9200 (+70 pips) ,SL>B/E
and just recently I went Short on Gold from 1,185 , I think this Gold Mania needs a nice retacement finally
im with you buddy ,i think gold over crowded to many people chasing high prices and thats need new money, im also shorting the euro all the way as it on its highest for the year

http://img39.imagefra.me/img/img39/1...7m_8b0440b.png

i like the way you draw the line on gold chart!
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