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AUD/USD

  • #9,761
  • Nov 26, 2009 7:03am Nov 26, 2009 7:03am
Can you please explain to me what is Snowballing ? lol sorry new to the terminology
  • #9,762
  • Nov 26, 2009 7:04am Nov 26, 2009 7:04am
Mr. Tennyson (ben10),

I'd love to see one of those compression charts for what's going on with AUD/USD right now, with your reading of it.

Thanks
  • #9,763
  • Nov 26, 2009 7:05am Nov 26, 2009 7:05am
Quoting Daytrader74
Can you please explain to me what is Snowballing ? lol sorry new to the terminology


as a snowball rolls down hill it gets bigger and bigger. so "snowballing" means adding lots as it goes.
  • #9,764
  • Nov 26, 2009 7:08am Nov 26, 2009 7:08am
Quoting Daytrader74
Why would you be long from 0.92 ?? it will get lower.....
Hi Daytrader74, its all depend on the strategy but that just in my humble opinion. anyway how long are willing to hold the position and how much are you willing to risk?

position size = risk/stop loss
  • #9,765
  • Nov 26, 2009 7:10am Nov 26, 2009 7:10am
Quoting Evilgoat
as a snowball rolls down hill it gets bigger and bigger. so "snowballing" means adding lots as it goes.
thank you Evilgoat
  • #9,766
  • Nov 26, 2009 7:15am Nov 26, 2009 7:15am
Quoting Wile E
Mr. Tennyson (ben10),

I'd love to see one of those compression charts for what's going on with AUD/USD right now, with your reading of it.

Thanks
on daily its compression so i expecting range trade for couple week and its good for grid trading, and on hourly also choppy so as Puks want to buy on dip i agree with that but as you know price also can move whereever it takes. tell me what timframe you want me to post with the compression gladly will post it for you
  • #9,767
  • Nov 26, 2009 7:27am Nov 26, 2009 7:27am
Quoting ben10
on daily its compression so i expecting range trade for couple week and its good for grid trading, and on hourly also choppy so as Puks want to buy on dip i agree with that but as you know price also can move whereever it takes. tell me what timframe you want me to post with the compression gladly will post it for you

Not sure which timeframe, as I am increasingly confused by the choppiness, but consistently impressed by your chart. I suppose I was hoping for some of that light you'd shed on a situation, regarding direction and entry point. I do appreciate the insight.
  • #9,768
  • Nov 26, 2009 7:32am Nov 26, 2009 7:32am
Quoting Wile E
Mr. Tennyson (ben10),

I'd love to see one of those compression charts for what's going on with AUD/USD right now, with your reading of it.

Thanks
the compression indicate battle between shorterm traders and the longterm investors, the traders may move the prices but the trend would not be establish if the investors does not support it.

http://img38.imagefra.me/img/img38/1...1m_4463e79.png again just IMO , im sure you also has your own way how to read the chart or indicator
  • #9,769
  • Nov 26, 2009 7:37am Nov 26, 2009 7:37am
Quoting ben10
the compression indicate battle between shorterm traders and the longterm investors, the traders may move the prices but the trend would not be establish if the investors does not support it.

http://img38.imagefra.me/img/img38/1...1m_4463e79.png again just IMO , im sure you also has your own way how to read the chart or indicator
Indeed I do have my way, but constantly refining it, as I look to you guys more experienced than myself. Thanks again for the response and the willingness. That's good stuff.
  • #9,770
  • Nov 26, 2009 7:39am Nov 26, 2009 7:39am
Quoting Daytrader74
Why would you be long from 0.92 ?? it will get lower.....

Daytrader74, I would appreciate elaboration on your certainty.

Thanks.
  • #9,771
  • Nov 26, 2009 7:40am Nov 26, 2009 7:40am
on 1 minute chart about 30 minute ago the chart exhibit compression mean the traders and investors agrre on price valuation between 0.9170 and 9165 , when there is a temporary agreement the disagreement between them will occurs as you see the price move as the temporary agreement collapse
  • #9,772
  • Nov 26, 2009 7:43am Nov 26, 2009 7:43am
any one has long this pair?
  • #9,773
  • Nov 26, 2009 7:46am Nov 26, 2009 7:46am
Quoting ben10
on 1 minute chart about 30 minute ago the chart exhibit compression mean the traders and investors agrre on price valuation between 0.9170 and 9165 , when there is a temporary agreement the disagreement between them will occurs as you see the price move as the temporary agreement collapse

Got it.
  • #9,774
  • Nov 26, 2009 7:58am Nov 26, 2009 7:58am
Quoting Wile E
Got it.
it is nice to have many weapon to attack the forex here is a nother one from Mr.Feb2865

http://www.forexfactory.com/showthread.php?t=158039

time spent learning is never lost
  • #9,775
  • Nov 26, 2009 8:00am Nov 26, 2009 8:00am
ok im out here scalp the eur/yen, Ciao!
  • #9,776
  • Nov 26, 2009 8:46am Nov 26, 2009 8:46am
Quoting acw204
any one has long this pair?


I am now.
  • #9,777
  • Nov 26, 2009 8:46am Nov 26, 2009 8:46am
.9120 area may be a bounce point off of a fib line I have drawn on my chart. I just woke up here in the USA. Gotta go watch Bloomberg TV and see what happened overnight during the London session before I make a move.
  • #9,778
  • Nov 26, 2009 8:54am Nov 26, 2009 8:54am
Quoting Leche Mocha
.9120 area may be a bounce point off of a fib line I have drawn on my chart. I just woke up here in the USA. Gotta go watch Bloomberg TV and see what happened overnight during the London session before I make a move.
There are plenty of lines around this point - fib, s2, S&R, pitchforks and a trendline.
  • #9,779
  • Nov 26, 2009 9:02am Nov 26, 2009 9:02am
I only care about my line, though. Cheers.

Quoting Mr J
There are plenty of lines around this point - fib, s2, S&R, pitchforks and a trendline.
  • #9,780
  • Nov 26, 2009 9:34am Nov 26, 2009 9:34am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
9110 - 9115 is the support level so 9120 is not a good entry for long IMO ...

keep it in mind i am short NZD
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