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AUD/USD

  • #10,241
  • Nov 30, 2009 11:27am Nov 30, 2009 11:27am
Quoting Paik_C
I put in the folder as you mention. I saw the file now but I don't know how to run it.
Ok. I managed to do it finally. But I don't know how to read it. Can you please explain abit.

Thank you
  • #10,242
  • Nov 30, 2009 11:29am Nov 30, 2009 11:29am
Quoting Paik_C
I put in the folder as you mention. I saw the file now but I don't know how to run it.
do you mean you see it at your folder, or you see it when you are running MT4 at indicators > custom> TSR ? if it's at your custom it should be working like other indicators
  • #10,243
  • Nov 30, 2009 11:37am Nov 30, 2009 11:37am
Quoting Paik_C
Ok. I managed to do it finally. But I don't know how to read it. Can you please explain abit.

Thank you
its so simple, just look at the colors (light blue / tomato(red)) the light blue trend is UP /tomato trend is Down ,
how to use it: wait for the color to change :dont jump into the midle of a trend , so it woud be like this:

1-when the color changes / go UP or Down like what I said (some time you need to be pateince) the best charts are 15min- 30 min -1hr / dont go for 5min, so many false signal - if you try 30min, you will get good signal every other day or less

2-set you your RSI indicator and when it's overbought or oversold (,>70 or <30) close your position

3-if the color chages and you still have your position if your are in profit ,take it and go for the other direction - if you are in loss, hold it and go to other direction (like hedgeing, here you need 2 position, one to hedge the loser, one to make profit) then you can close them when the balance is positive
  • #10,244
  • Nov 30, 2009 11:41am Nov 30, 2009 11:41am
Paik_C, right now, if you look at 15min or 30min charts you have already missed the Sell signal , so you need to be waiting
  • #10,245
  • Nov 30, 2009 11:48am Nov 30, 2009 11:48am
Quoting shahab8b
its so simple, just look at the colors (light blue / tomato(red)) the light blue trend is UP /tomato trend is Down ,
how to use it: wait for the color to change :dont jump into the midle of a trend , so it woud be like this:

1-when the color changes / go UP or Down like what I said (some time you need to be pateince) the best charts are 15min- 30 min -1hr / dont go for 5min, so many false signal - if you try 30min, you will get good signal every other day or less

2-set you your RSI indicator and when it's overbought or oversold (,>70 or <30)...
Thank you Shahab8b. I will try it during my next trade. Happy Trading!

I'm going to bed now.
  • #10,246
  • Nov 30, 2009 11:56am Nov 30, 2009 11:56am
Quoting Patience
De nada! I see you are new - welcome to FF and one of the friendliest threads around
Thanks for that -- a question.. would a rate increase lower the aud or strengthen it?? cheers.
  • #10,247
  • Nov 30, 2009 2:19pm Nov 30, 2009 2:19pm
up or down after RBA, comments!
  • #10,248
  • Nov 30, 2009 2:25pm Nov 30, 2009 2:25pm
Quoting shahab8b
I think when the market knows the rate hike ,they buy before it and sell after it. but, if the rate hike would be more than market expectation they buy it like crazy after annoucement
yes ... that's the key of the big players ... getting momentum up then keep the profit by dragging it down
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  • #10,249
  • Nov 30, 2009 2:46pm Nov 30, 2009 2:46pm
Hi, can someone please tell me is Metatrader 4 a free software or is there a fee or a price to buy it?
  • #10,250
  • Nov 30, 2009 2:59pm Nov 30, 2009 2:59pm
Quoting Daytrader74
Hi, can someone please tell me is Metatrader 4 a free software or is there a fee or a price to buy it?
I have downloaded it without any problems. My broker works with this programm.I think it is free.)
  • #10,251
  • Nov 30, 2009 3:03pm Nov 30, 2009 3:03pm
Quoting Letos
I have downloaded it without any problems. My broker works with this programm.I think it is free.)
Thanks Letos, where would be the best place to download it from ?
  • #10,252
  • Nov 30, 2009 3:09pm Nov 30, 2009 3:09pm
Quoting Daytrader74
Thanks Letos, where would be the best place to download it from ?
http://www.metatrader4.com/
)))
  • #10,253
  • Nov 30, 2009 3:36pm Nov 30, 2009 3:36pm
Quoting Letos
http://www.metatrader4.com/
)))
Thank you!
  • #10,254
  • Nov 30, 2009 3:44pm Nov 30, 2009 3:44pm
Quoting Daytrader74
Thank you!
You are welcome!)
  • #10,255
  • Nov 30, 2009 4:00pm Nov 30, 2009 4:00pm
Still expecting a move up into the blue highs this week. Aud and index markets look well supported currently.
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  • #10,256
  • Nov 30, 2009 4:07pm Nov 30, 2009 4:07pm
Will the Dubai debt crisis cause RBA to pause?

General consensus is that the RBA will hike rates 25bps to 3.75%. In light of the emergence of
the Dubai debt crisis, Tuesday's RBA policy meeting takes on added importance for the global
markets and risk sentiment. The Dubai debt crisis may make the RBA rate decision a closer call.
Because of concern about the potential fallout from the Dubai debt crisis an argument could be
made for a pause in the RBA rate hike cycle. If Dubai World were allowed to default on its debt
there could be serious consequences for the global financial markets. If the RBA views the Dubai
debt crisis as a potential threat to the global financial markets like the Lehman Brothers collapse
in 2008, the RBA policy board may elect to delay future rate hikes. A pause by the RBA could
send additional shockwaves through the global markets and dampen risk sentiment.
  • #10,257
  • Nov 30, 2009 5:04pm Nov 30, 2009 5:04pm
Hi all,
So we are all waiting for the RBA to announce rates. I hope they do the right thing and not raise the rates.
Havent seen Ben for a few days, ------ miss your comments mate...

Good luck in trading to all
Find a job that you love and you dont have to work again in your life.
  • #10,258
  • Nov 30, 2009 5:13pm Nov 30, 2009 5:13pm
This whole Dubai World news went out of proportions and people overreacted when they heard it

The market is back like the news never took place (and I don't mean just for AUD/USD), so we should be seeing the rate rise take place
  • #10,259
  • Nov 30, 2009 5:26pm Nov 30, 2009 5:26pm
Quoting TexasforEX
Nothing would surprise me, but I am kind of expecting a really choppy day.

But I want a doom and gloom so I get paid

got my choppy day unfortunately.

Looking forward, Governor Stevens will get the spotlight in four hours time. The latest survery of economists has 19 of 21 predicting a raise. However, the most accurate of the bunch is predicting no raise in rates. Macquarie Group Ltd.’s Rory Robertson was one of only two economists who predicted the first rate hike in October. Will his crystal ball still be in focus? The market will soon know.

http://www.bloomberg.com/apps/news?p...B5Z0FzeE&pos=6

As far as the currency implications of this rate decision goes I am strongly a bear. The Aud/Usd chart is broken. The trend line that supported this uptrend has been broken. The monthly candle is going to close it's second straight shooting star. Since making a weekly bearish engulfing bar on November 15, the chart has been making lower lows and lower highs. These are the obvious clues that the chart is telling me that it is making a top and is ready to proceed lower.

Whatever the outcome I see a lower aud/usd. I expect a buy the rumor, sell the fact scenario if there is a hike. (This means that the swing high at 9320 will not get taken out) No hike will lead to the obvious outcome. Trade safe.
"Timing Is Everything. Really I Swear It Is"
  • #10,260
  • Nov 30, 2009 6:43pm Nov 30, 2009 6:43pm
Quoting TexasforEX
got my choppy day unfortunately.

Looking forward, Governor Stevens will get the spotlight in four hours time. The latest survery of economists has 19 of 21 predicting a raise. However, the most accurate of the bunch is predicting no raise in rates. Macquarie Group Ltd.’s Rory Robertson was one of only two economists who predicted the first rate hike in October. Will his crystal ball still be in focus? The market will soon know.

http://www.bloomberg.com/apps/news?p...B5Z0FzeE&pos=6

As far as the currency implications...
9155 is the weekly close of the engulf on my charts, and this just so happens to be the monthly pivot zone as well...

So far today we have remained well bid above that level but with no emphasis on closing above the 61.8% fib (indicates to me just Aussie traders playing the range), close below on the hourly could be quite bearish. I see today possibly playing out with a push to daily R1 @ 9204 for selling.
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