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AUD/USD

  • #10,121
  • Nov 29, 2009 1:16pm Nov 29, 2009 1:16pm
Quoting tradoholic
AUD is jumping up even before market has opened. I have my shorts that I left on from just before the last close already lost about 90 pips and cant get out of them as CMC doesnt let me do anything!....... any suggestions?
nope...gotta wait i guess.....shouldnt hold trades over the weekend unless you are trading long term......wouldne be surprised to keep seeing the aussie grind higer til the rate decision :S
  • #10,122
  • Nov 29, 2009 1:19pm Nov 29, 2009 1:19pm
I have a take profit of .9131.....basis is .9091...here is the kicker I was in for 40 lots
man I love day trading
  • #10,123
  • Nov 29, 2009 1:32pm Nov 29, 2009 1:32pm
That is a bull shit situation for the short holders...............Nothing to do .........Bull shit bull shit...........
Quoting tradoholic
AUD is jumping up even before market has opened. I have my shorts that I left on from just before the last close already lost about 90 pips and cant get out of them as CMC doesnt let me do anything!....... any suggestions?
  • #10,124
  • Nov 29, 2009 1:36pm Nov 29, 2009 1:36pm
Quoting tradoholic
AUD is jumping up even before market has opened. I have my shorts that I left on from just before the last close already lost about 90 pips and cant get out of them as CMC doesnt let me do anything!....... any suggestions?
Hmm Why shorts man ? Trend is clearly UP ....
"Buy on fear, sell on greed !!!
  • #10,125
  • Nov 29, 2009 1:44pm Nov 29, 2009 1:44pm
Quoting Petar_Serbia
Hmm Why shorts man ? Trend is clearly UP ....
Maybe he is waiting for gap to be closed.
  • #10,126
  • Nov 29, 2009 1:49pm Nov 29, 2009 1:49pm
Quoting alter
Maybe he is waiting for gap to be closed.
OK but i trade long and i trade just what i see current not what i expect

That is my advice for tradoholic,trade what you see my friend and earn money...
"Buy on fear, sell on greed !!!
  • #10,127
  • Nov 29, 2009 3:29pm Nov 29, 2009 3:29pm
Quoting TexasforEX
You should reduce your position size until you are honestly bored with the trade.

I'm telling you: You will be amazed at what you can learn when you are not always on the edge of your seat.
very much true
  • #10,128
  • Nov 29, 2009 3:31pm Nov 29, 2009 3:31pm
the gap doesnt look well
  • #10,129
  • Nov 29, 2009 4:02pm Nov 29, 2009 4:02pm
That is a very smart thing TexasforEX just posted about reducing your size until you have no anxiety over the positions you take. It is liberating as it frees you up from emotions clouding your judgment so you can make trades with a clear mind.

Quoting TexasforEX
You should reduce your position size until you are honestly bored with the trade.

I'm telling you: You will be amazed at what you can learn when you are not always on the edge of your seat.
  • #10,130
  • Nov 29, 2009 4:04pm Nov 29, 2009 4:04pm
Quoting Petar_Serbia
OK but i trade long and i trade just what i see current not what i expect

That is my advice for tradoholic,trade what you see my friend and earn money...

trend is up? Well, it depends on your point of view, on the charts you can read:

Monthly: up
Weekly: up
Daily: Down
4h: Down
H: up
15 min : up
5 min: Mixed
  • #10,131
  • Nov 29, 2009 4:10pm Nov 29, 2009 4:10pm
I'm waiting for opportunity to sell around , .9175-9200 (I set pending Limit Sell orders for these levels) with SL above .9321
  • #10,132
  • Nov 29, 2009 4:18pm Nov 29, 2009 4:18pm
Quoting shahab8b
I'm waiting for opportunity to sell around , .9175-9200 (I set pending Limit Sell orders for these levels) with SL above .9321
Hi mate,

I am waiting to close my longs at .9170-.9200 area and then add to my shorts to average them up.

Interest rates, I believe, won't go up tomorrow mainly because RBA in its entire history has never raised interest rates for 3 consecutive months and it might just hold off to boost Xmas sales, etc.

Rate rise in February is almost certain. the question is whether it'll be a 50 bps or 25 bps.

that's just my view reading local papers.
  • #10,133
  • Nov 29, 2009 4:30pm Nov 29, 2009 4:30pm
Quoting puks
Hi mate,

I am waiting to close my longs at .9170-.9200 area and then add to my shorts to average them up.

Interest rates, I believe, won't go up tomorrow mainly because RBA in its entire history has never raised interest rates for 3 consecutive months and it might just hold off to boost Xmas sales, etc.

Rate rise in February is almost certain. the question is whether it'll be a 50 bps or 25 bps.

that's just my view reading local papers.
G'day all
13 out of 14 veconomists interviewed said that the rates are going up by 25 basis points. My personal take is that it shouldnt as I cant see anybody doing well in business. General public out there is hurting. Here is my chart, its a 5 minute tick chart, which shows a limited upward movement. If we didnt have the news 2mrw, I would have gone all out short, but now gotta be cautious. Shahab, I dont think it will make it to 91.75, 9150 is a better bet to go short. I am short from 9075 from friday, and added more today at 9159 this morning.
Find a job that you love and you dont have to work again in your life.
  • #10,134
  • Nov 29, 2009 4:31pm Nov 29, 2009 4:31pm
Quoting tradoholic
G'day all
13 out of 14 veconomists interviewed said that the rates are going up by 25 basis points. My personal take is that it shouldnt as I cant see anybody doing well in business. General public out there is hurting. Here is my chart, its a 5 minute tick chart, which shows a limited upward movement. If we didnt have the news 2mrw, I would have gone all out short, but now gotta be cautious. Shahab, I dont think it will make it to 91.75, 9150 is a better bet to go short. I am short from 9075 from friday, and added more today at 9159 this morning....
sorry forgot to attach my chart,
Attached Image (click to enlarge)
Click to Enlarge Name: CropperCapture[1].jpg Size: 34 KB
Find a job that you love and you dont have to work again in your life.
  • #10,135
  • Nov 29, 2009 4:34pm Nov 29, 2009 4:34pm
Quoting puks
Hi mate,

I am waiting to close my longs at .9170-.9200 area and then add to my shorts to average them up.

Interest rates, I believe, won't go up tomorrow mainly because RBA in its entire history has never raised interest rates for 3 consecutive months and it might just hold off to boost Xmas sales, etc.

Rate rise in February is almost certain. the question is whether it'll be a 50 bps or 25 bps.

that's just my view reading local papers.

I had heard it was a near certainty that a rate hike would happen. I was kind of expecting a spike and then sell off if there was a hike. Buy the rumor, sell the fact situation.

The charts show reversal but it can potential go higher for a little while and shake out some weak shorts. My charts show it could even go as high as 9250 area if a hike and retail numbers are especially bullish.
"Timing Is Everything. Really I Swear It Is"
  • #10,136
  • Nov 29, 2009 4:40pm Nov 29, 2009 4:40pm
what I see, we are testing a broken long term trend line channel ,I dont see much potential up on this chart, but you never know,
tradoholic, you might be right but from shorting here where is my SL level? the closest is .92 something and .9321, RRR is not good for my entry set up, and the trend is Up in Hr chart, I'll wait to higher level or after a clear change in 1-Hr trend
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 9.gif Size: 11 KB
  • #10,137
  • Edited 5:07pm Nov 29, 2009 4:44pm | Edited 5:07pm
Quoting puks
Hi mate,

I am waiting to close my longs at .9170-.9200 area and then add to my shorts to average them up.

Interest rates, I believe, won't go up tomorrow mainly because RBA in its entire history has never raised interest rates for 3 consecutive months and it might just hold off to boost Xmas sales, etc.

Rate rise in February is almost certain. the question is whether it'll be a 50 bps or 25 bps.

that's just my view reading local papers.
Hi Puks,
dont rush in closing your longs if it gets to .9200, wait for a trend change in 15 min chart at least,
the concept of this strategy that you use is that: have more positions in dominant trend, so as far as trend is up you need more Long, when it changes to Down trend in 15 min chart (use TSR indi) then close all the Longs and switch to Short positions
  • #10,138
  • Nov 29, 2009 4:51pm Nov 29, 2009 4:51pm
I'm now half long half short
  • #10,139
  • Nov 29, 2009 5:18pm Nov 29, 2009 5:18pm
its better losing your shirt than hiding behind the rock

http://img40.imagefra.me/img/img40/1...jm_8cab9f7.png
  • #10,140
  • Nov 29, 2009 5:22pm Nov 29, 2009 5:22pm
no im raight 10 out of 10
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