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AUD/USD

  • #9,861
  • Nov 26, 2009 10:06pm Nov 26, 2009 10:06pm
Quoting shahab8b
if the stocks collapsed (risk aversion) the USD will get stronger, due to the demand for USD (like last year since Aug till Feb 09), this time ,it will be worse cos everyone borrowed USD as carry trade and buying equity and they need to unwind their position if stocks fall down, means we are going to see a new low in all crosses (except USDJPY) (below march 09)
I see .. thanks for that ...

If that is the case, need to go short then shall we ? but it is oversold in charts ? hmmmm decisions .. decisions ....
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  • #9,862
  • Nov 26, 2009 10:11pm Nov 26, 2009 10:11pm
Quoting puks
G'day G'day G'day,


Help me out here guys. I am net long AUD. How do I hedge/save/recover/get out of this mess?

Going back to meetings. I hate Friday afternoon meetings. fcuk
Puks, if you are net long , before you leave put doule size Pending SELL STOP Order at .8980-75, if that support breaks before you get back you might get a margin call with all you longs + look at TSR indi , when it gets bullish at 1Hr TF, re-enter Long to close them on average
  • #9,863
  • Edited 11:11pm Nov 26, 2009 10:12pm | Edited 11:11pm
Quoting puks
G'day G'day G'day,

I've been in meetings all morning at work and when I returned, I said, WTF???

For me to get breakeven, I need AUD to reach at .9150 as all my shorts are now closed in profit so I am net long.

The most ugliest thing about MT4 is you can't access it from work and/or mobile.

I wont reach home until after 5.30 sydney time (Just in time for EU open).

Help me out here guys. I am net long AUD. How do I hedge/save/recover/get out of this mess?

Going back to meetings. I hate...
if this helps iphone + forex on the go application + fxcm or ikon-royal account = mt4 mobile FREE
if youre with another broker they want an access fee
NOTHING VENTURED, NOTHING GAINED
  • #9,864
  • Nov 26, 2009 10:15pm Nov 26, 2009 10:15pm
Quoting earthsmate
I see .. thanks for that ...

If that is the case, need to go short then shall we ? but it is oversold in charts ? hmmmm decisions .. decisions ....
dont rush, go short at your entry-signal, whatever you use, it's oversold as you said but it might go down vertical till wherever, but as I said there will be another signal ,another time if you missed this one, this market will be there for the rest of our life!!
  • #9,865
  • Nov 26, 2009 10:31pm Nov 26, 2009 10:31pm
Quoting shahab8b
I read it, good job Fammira, time to start a thread for your system trading
thanks mate,

first I want to share it with you and the other mates here on our AUDUSD thread, these ideas surely need some improvement and suggestions
  • #9,866
  • Nov 26, 2009 10:34pm Nov 26, 2009 10:34pm
It's creating a bit of an upsidedown pivot flag formation on 1H chart, possible bullish breakout?
  • #9,867
  • Nov 26, 2009 10:37pm Nov 26, 2009 10:37pm
IMO next stop 0.8904, if it doesn't hold we are down to 0.8590.
  • #9,868
  • Nov 26, 2009 10:40pm Nov 26, 2009 10:40pm
i think we will see 0.92 first before the drop to the 0.80's
  • #9,869
  • Nov 26, 2009 10:54pm Nov 26, 2009 10:54pm
Quoting puks
G'day G'day G'day,

I've been in meetings all morning at work and when I returned, I said, WTF???

For me to get breakeven, I need AUD to reach at .9150 as all my shorts are now closed in profit so I am net long....

puks, you can use Mt4 in your mobile ,bro

check this :
http://www.forexonthego.com/

also another program for window mobile
I forgot the name, because I am using Igmarkets and their platform.
but not mt4 broker..

since Go market cheat i wont use mt4 broker unless they could guarantee their platform free from technikal issue. is about money , the broker should not get any permit before they could provide a stable platform.is about money.the case has been reported to ombusman also ASIC.

there area alot of cases reported that broker with their shit platform out there. in another hand MT4 itself in that time dont have any problems , that mean possible the broker doing something with the plug in.
or weak server (over loaded).( they have to spend more money for good server)
  • #9,870
  • Nov 26, 2009 11:14pm Nov 26, 2009 11:14pm
I use Easyforex and never had any trouble with them they are great
  • #9,871
  • Nov 26, 2009 11:31pm Nov 26, 2009 11:31pm
Quoting shahab8b
Puks, if you are net long , before you leave put doule size Pending SELL STOP Order at .8980-75, if that support breaks before you get back you might get a margin call with all you longs + look at TSR indi , when it gets bullish at 1Hr TF, re-enter Long to close them on average
hey mate,

This time my lot size is much much smaller($1.5/pip) so I wont get the margin call but will definitely put a double size sell orders at .8990 because that's where I think the buystops are lined up so break through that level will see us free-fall into .8920ish

As for brokers::--I use Iphone and I am with Gomarkets. I haven't had any connection issues with them so far; instead I've had more issues with FXCM's MT4 platform which I use for my demo trade. The reason I've decided not to trade from work is because all the massive losses I've had were "trades initiated from work" and then I can't concentrate at work...

Lets see what happens tonight...
  • #9,872
  • Nov 26, 2009 11:40pm Nov 26, 2009 11:40pm
Gold Doube Top in spot, fo our Gold traders, the opportunity finally comes.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 9 KB
  • #9,873
  • Nov 26, 2009 11:49pm Nov 26, 2009 11:49pm
Quoting shahab8b
Gold Doube Top in spot, fo our Gold trades, the opportunity finally comes, sell it now!!
agree, I am waiting for another upshot towards 1185 - 90 to start selling with one small lot

I still don't trust to sell it on weakness
  • #9,874
  • Nov 26, 2009 11:52pm Nov 26, 2009 11:52pm
Quoting fammira
agree, I am waiting for another upshot towards 1185 - 90 to start selling with one small lot

I still don't trust to sell it on weakness
you wont get higher from this, anytime soon ,just watch how she's gonna free fall
  • #9,875
  • Nov 26, 2009 11:57pm Nov 26, 2009 11:57pm
Quoting shahab8b
you wont get higher from this, anytime soon ,just watch how she's gonna free fall
probably no, but I prefere to wait for at least two positive candles on the 15m chart and then start selling and increase on strenght or on the confirmed break of 1179
  • #9,876
  • Nov 26, 2009 11:57pm Nov 26, 2009 11:57pm
When it falls will the AUD follow as well ?
  • #9,877
  • Nov 26, 2009 11:59pm Nov 26, 2009 11:59pm
oh my god, gold is free falling.......
  • #9,878
  • Nov 27, 2009 12:00am Nov 27, 2009 12:00am
Quoting Daytrader74
When it falls will the AUD follow as well ?
it should it should, it looks like profit taking started yesterday on AUD, is following with EUR and now gold
  • #9,879
  • Nov 27, 2009 12:00am Nov 27, 2009 12:00am
Quoting fammira
probably no, but I prefere to wait for at least two positive candles on the 15m chart and then start selling and increase on strenght or on the confirmed break of 1179
Fammira, have you noticed during out little chat she just fell 45 pips?
  • #9,880
  • Nov 27, 2009 12:04am Nov 27, 2009 12:04am
yesterday in the moorning i was the only one saying that the daily trend line will be broken on a reversal while most of the ppl where singing about a new AUD highs ,, i warned about the NZD daily trend break and i warned about the weakness in this last try up and the RSI div,
but lot didnt listen and they screwed up
but i made some good money on it
thank god
anyways
i expect if this level didnt hold ,, the 8900-30 os a strong level to bring some correction before another dive
i cant confirm the right wave count of the wave 3 yet but as soon as i recognize the right count , i ll post it here
but it could most probably be out of the 8900-30 level as it holds a trend line support and couple of fib ret.
good luck guys ,
and about the gold short ,, i like how it looks but gold was out out rules and analysis recently and i would prefere to stay out of it althought i m sure about it going down
but who would thought that the gold this year will approach the 1200 level , it was fantasy for most of the ppl but it came true
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