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AUD/USD

  • #11,301
  • Dec 10, 2009 1:55am Dec 10, 2009 1:55am
Quoting TexasforEX
added a short @ .9152
TP?
Pation is the Holy Grail
  • #11,302
  • Dec 10, 2009 2:02am Dec 10, 2009 2:02am
Quoting tradoholic
Hi Jesus,
Nice to see you back. I went short at 9167 and closed all at 9135. Looking at my charts now RSI 49, MACD dead on .93 and pivot, doesnt look like it wants to go anywhere. Gieven the bad news surrounding Europe, with Spain, Greece and UK, I think Euro will probably pull Aussie down further, Also the fact that Gold has come off its shine, there is not much more there to support an up trend. As I am typing I can see a set up in the 1 min chart forming for shorts. It will probably take 5 minutes to brew and present itself in the 5m chart. So...
well , i didnt take profit cause i m planning a bigger trade not for 35 pips , so i hold my short and i ll add more if it goes up ,, but if u think it wont rally more then why did u give up ur shorts ????
well , to be honest i want it to rally to 92 cause i wanna add shorts on higher levels and increase the my trade size cause i really went on a very light position that i dont like it to fall from here without ading more on higher levels ,,, i see in my chart now , the hourly chart that the SMA holded the price for now from fallin further and it might push it higher
might now
but anyways maybe i m not positive on the very short term direction but i know my plan ,, to sell further upsides and thats what matters
my target for this trade is 8950 first target
  • #11,303
  • Dec 10, 2009 2:10am Dec 10, 2009 2:10am
Quoting Jesus4748
well , i didnt take profit cause i m planning a bigger trade not for 35 pips , so i hold my short and i ll add more if it goes up ,, but if u think it wont rally more then why did u give up ur shorts ????
well , to be honest i want it to rally to 92 cause i wanna add shorts on higher levels and increase the my trade size cause i really went on a very light position that i dont like it to fall from here without ading more on higher levels ,,, i see in my chart now , the hourly chart that the SMA holded the price for now from fallin further and it...
as i just wrote , it dont see it going down from here on a double top ,, the sma for the half hour chart holded the price up ,, i think we gonna see a test of 9180 then 9200-15
my short target
  • #11,304
  • Dec 10, 2009 2:16am Dec 10, 2009 2:16am
Quoting Jesus4748
well , i didnt take profit cause i m planning a bigger trade not for 35 pips , so i hold my short and i ll add more if it goes up ,, but if u think it wont rally more then why did u give up ur shorts ????
well , to be honest i want it to rally to 92 cause i wanna add shorts on higher levels and increase the my trade size cause i really went on a very
When sculping I would take any pip that I can, up down doesnt matter. In most cases when I am trading to the extreme of the RSI I close my position with double the amount to reverse it. I just did this on AUd collected 35 pips down and now 20 up. Thats the beauty of live feed tick charts and MACD lines. Averaging hasnt worked for me before and in the early days of my trading liquidated me a few times. So I stay away. I believe every trade should be positive. Patience posted an article before ( today) I its def worth the read. Anyway Thanks for your charts keep coming very informative. Good luck
Find a job that you love and you dont have to work again in your life.
  • #11,305
  • Dec 10, 2009 2:19am Dec 10, 2009 2:19am
Quoting Jesus4748
as i just wrote , it dont see it going down from here on a double top ,, the sma for the half hour chart holded the price up ,, i think we gonna see a test of 9180 then 9200-15
my short target
I can see the down fall brewing again. Nice et up if it continues.
Attached Image (click to enlarge)
Click to Enlarge Name: CropperCapture[4].jpg Size: 102 KB
Find a job that you love and you dont have to work again in your life.
  • #11,306
  • Dec 10, 2009 2:35am Dec 10, 2009 2:35am
Quoting CzechTrade
TP?
mt trade, looking for much lower

.82 first target
"Timing Is Everything. Really I Swear It Is"
  • #11,307
  • Dec 10, 2009 2:40am Dec 10, 2009 2:40am
The downfall may be on the way but it's also worth looking at who's in charge at the moment. EU m15 - 3 nice big wicks just around support (that would be 1.47). So, it's not a wonder if it does not fall for a further couple of hours - until all those buyers are convinced by the bears. Heh, if the bears manage to convince them at all. I'm not sure. I'm long EU and AU. Small positions, we'll see.
forget about tomorrow, just steal away into the night
  • #11,308
  • Dec 10, 2009 2:43am Dec 10, 2009 2:43am
Quoting puks
hi,

If you recall my yesterday's post where I said a 4H chart has given me bullish signal (at about .9080).. I was already net long at that point and had limit orders placed above .9120 resistance. I find AUD will find it hard to break through that support level and we'll likely get another push towards .9220 during/after, London session.
Find a job that you love and you dont have to work again in your life.
  • #11,309
  • Dec 10, 2009 2:45am Dec 10, 2009 2:45am
There are pips to be made on both sides, by all means. Kiwi is bullish as he!! right now and aussie is not going to plunge without it's sister joining in.

I am not a daytrader so please don't think that I am.
"Timing Is Everything. Really I Swear It Is"
  • #11,310
  • Dec 10, 2009 2:53am Dec 10, 2009 2:53am
Yeah that .82 TP suggested you're in for the bigger moves. I wish one day I could sit so long in a trade and let those profits run a loooong way. It's bloody hard. Harder that it was to give up smoking.

Quoting TexasforEX
There are pips to be made on both sides, by all means. Kiwi is bullish as he!! right now and aussie is not going to plunge without it's sister joining in.

I am not a daytrader so please don't think that I am.
forget about tomorrow, just steal away into the night
  • #11,311
  • Dec 10, 2009 2:54am Dec 10, 2009 2:54am
looking at nzd/jpy it looks like its trying test upper trendline resistance on 4 hour? what do u think about this?
  • #11,312
  • Dec 10, 2009 3:10am Dec 10, 2009 3:10am
Quoting spekitox
Yeah that .82 TP suggested you're in for the bigger moves. I wish one day I could sit so long in a trade and let those profits run a loooong way. It's bloody hard. Harder that it was to give up smoking.
well there is short term traders and medium term and long term ,,
long term is the less stress but less profitable cause u dont take advantage of the price swings till it reaches this level
short and medium term more profitable but more stress and lots of decisions and analysis ,,
i m currently short and i m trying to upgrade to medium term ,, i mean as an example when i said first take profit is 8950 , it doesnt mean for me that it wont go down from there but i expect little bounce and i maye buy and then sell again ,, roalercoaster
  • #11,313
  • Dec 10, 2009 3:15am Dec 10, 2009 3:15am
i m little confussed witht he EURO weakness ,, the Aud is trying higher while the Euro is struggling and the gold too ,,, i think if they didnt start to response higher that ll push the AUD down and i ll hate to see it going down from here , i wanna short more
  • #11,314
  • Dec 10, 2009 3:32am Dec 10, 2009 3:32am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
short NZD at 7270 ... will add more at 7300 ...

this is an opportunity that i dont want to miss ...
  • #11,315
  • Dec 10, 2009 4:00am Dec 10, 2009 4:00am
Quoting G_Man
short NZD at 7270 ... will add more at 7300 ...

this is an opportunity that i dont want to miss ...
I don't find it a very good idea, NZD has the biggest growth potential for the moment.
  • #11,316
  • Dec 10, 2009 4:10am Dec 10, 2009 4:10am
Ain't that a big rising wedge on the swissy? If it is, it usually means a fall. If UC falls, EU rises (that's a fact)
And if EU rises, I don't want to be short ANYTHING/USD.
Hmm, I got the feeling it's gonna tease us until some red news kicks the liquidity.
Attached Image (click to enlarge)
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forget about tomorrow, just steal away into the night
  • #11,317
  • Dec 10, 2009 4:17am Dec 10, 2009 4:17am
I am short on nzd/usd from 7285...It seems to be overbought on 5M,15M,30M,1h,4H)))so i think it will give 50-70 pips at least
  • #11,318
  • Dec 10, 2009 4:22am Dec 10, 2009 4:22am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Pirin
I don't find it a very good idea, NZD has the biggest growth potential for the moment.
hey thanks for the advise but i beleive my growth potential is bigger than NZD ...
  • #11,319
  • Dec 10, 2009 4:25am Dec 10, 2009 4:25am
For what its worth 87 % of trades are short NZD on my trading platform.
  • #11,320
  • Dec 10, 2009 4:42am Dec 10, 2009 4:42am
Jeeeez, you hit a very delicate spot of mine. Its called: making a decision.

On one hand, we have that funny feeling of "the others are doing it for a reason".

On the other hand, we know over 90% of people lose money in the markets.

And that's where I find it bloody hard to decide - should I give in to my herd instinct or not. Should I follow the majority if I know they lose money in the long run.

God, I knew I should have listened to Gramps - he told me I should become a car mechanic. Less decisions to be made in the garage, that's sure.

Quoting barrasundi
For what its worth 87 % of trades are short NZD on my trading platform.
forget about tomorrow, just steal away into the night
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