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AUD/USD

  • #11,381
  • Dec 10, 2009 10:20am Dec 10, 2009 10:20am
Hey m8 how would we learn if we did everything 100% right from the beginning. It would be just boring wouldn't it? He's not alone in his dollar bear idea by the way.

Quoting Jesus4748
hey m8
what happened to SMACH THROUGHT now lol
its struggling and very possible it ll go down without breaking it ,,,
i told u
the market was waiting for a higher price to sell this pair and it went on selling it within the first resistance level
me myself ,, i hate this cause i wanted it to bounce from 9220 so that i add more orders but i m still hoping things might turn
forget about tomorrow, just steal away into the night
  • #11,382
  • Dec 10, 2009 10:30am Dec 10, 2009 10:30am
its struggling now with this 9185-90 level but the equities r pushin higher and thats what keepin it there ,, i think it wont give it momentum to blust through the 9205 and 9225 , i think its a very good short there if it ever goes throught the 9185-90 level
  • #11,383
  • Dec 10, 2009 10:32am Dec 10, 2009 10:32am
Quoting spekitox
Hey m8 how would we learn if we did everything 100% right from the beginning. It would be just boring wouldn't it? He's not alone in his dollar bear idea by the way.
sorry no offense but i just wanted to mark a point about this trend getting exhausted and its a correction for the down move ,
no offense guys , i get to make bad calls too sometimes ,,, thats the market , no body rule it
  • #11,384
  • Dec 10, 2009 10:41am Dec 10, 2009 10:41am
I don't think this is about dollar strength, is it? Look at the EUR , CHF and GBP, they haven't moved basically since yesterday. It's more about the strength of these two currencies, which I just heard by the way on BNN, they are the top two over valued pairs on the entire list.

I am thanking my lucky stars this am that I got called to work last night and didn't have the chance to enter short positions, (which I am doing now)


Happy pippin everyone.


Kim
  • #11,385
  • Dec 10, 2009 10:43am Dec 10, 2009 10:43am
I'm long a/j and have been since the mid Asian session,, do I think its going long for an extended period,, no I dont think so and my stops are pretty close at the moment, but it sure beats those positions being short right now as Im up 80+ on one and 60+ on the other. I quit trading what I thought might happen and moved into trading what is happening now,, I got tired of holding/closing on trades that may/should develope as the market likes to lure us in and never follow thorugh or make it pretty painful to follow through on what may/ might happen. I guess its all in the timeframe your working with.
  • #11,386
  • Dec 10, 2009 12:03pm Dec 10, 2009 12:03pm
I'll call it a day. Have a little bit of cable left, all others closed. We'll se what 2moro brings. Good luck all.
forget about tomorrow, just steal away into the night
  • #11,387
  • Dec 10, 2009 1:17pm Dec 10, 2009 1:17pm
I'm cautiously bullish. If this pair breaks 0.9190 then I'm going long.
Should be good for close to 100 pips.

Attached Image (click to enlarge)
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  • #11,388
  • Dec 10, 2009 5:00pm Dec 10, 2009 5:00pm
Quoting Jesus4748
hey m8
what happened to SMACH THROUGHT now lol
its struggling and very possible it ll go down without breaking it ,,,
i told u
the market was waiting for a higher price to sell this pair and it went on selling it within the first resistance level
me myself ,, i hate this cause i wanted it to bounce from 9220 so that i add more orders but i m still hoping things might turn
Ok I admit I made a wrong call last night it did get to just over 0.9180 but got sold down...we all make a wrong call more than once, however my view is still long on the AUD this is how I see it.
  • #11,389
  • Dec 10, 2009 5:23pm Dec 10, 2009 5:23pm
Quoting js5020
I'm long a/j and have been since the mid Asian session,, do I think its going long for an extended period,, no I dont think so and my stops are pretty close at the moment, but it sure beats those positions being short right now as Im up 80+ on one and 60+ on the other. I quit trading what I thought might happen and moved into trading what is happening now,, I got tired of holding/closing on trades that may/should develope as the market likes to lure us in and never follow thorugh or make it pretty painful to follow through on what may/ might happen....
Hi Js5020, when you are in profit and has many position open you may close some to book the gain and keep the best price and set the profit stop above your position and let it run, if its retrace you still had the gain but if it continue move in your pavour you are pipping more.

"trade less profit more" thats what you want?
  • #11,390
  • Dec 10, 2009 5:29pm Dec 10, 2009 5:29pm
Quoting ben10
she will sail north above 7300 , thats my forecast
she penetrate above it but not through yet.. so i close some and still keep the best price i got.
  • #11,391
  • Dec 10, 2009 5:34pm Dec 10, 2009 5:34pm
Sydney, December 11: The AUD/USD is set to open the Asian session with a bid tone following a solid performance on Wall Street, as investors appear to be selectively seeking risk assets amid signs that volatility is easing into year- end. The AUD/USD gained around 0.9% on Thursday with the rampaging NZD the only currency performing better on the day with a 1.3% gain against the USD. The EUR/USD meanwhile finished the day virtually unchanged as sovereign risk issues in Europe nag the single-currency and is limiting demand. It is ironic that the "commodity currencies" the NZD, AUD and CAD are outperforming across the board while key commodities are trading with a sluggish tone this week. This is due to the relatively outstanding economic fundamentals supporting those currencies as evidenced by the hawkish tone delivered by the RBNZ, the mush better than expected Aus jobs data and the surprising Canadian trade numbers that jumped back into surplus.

There is talk in the US that a few large funds are looking to sell the AUD/USD around 0.9200 to take profit, but if market volatility continues to ease - fresh investment into "carry trades" during the holiday period will underpin the high-yielding AUD on dips. Traders are looking for the AUD/USD to consolidate between 0.9120/90 in Asia today.
  • #11,392
  • Dec 10, 2009 5:40pm Dec 10, 2009 5:40pm
as you know i had many position before and she retrace /pullback, now i had only one trade open

http://img38.imagefra.me/img/img38/1...bm_9c7614e.png
  • #11,393
  • Dec 10, 2009 5:42pm Dec 10, 2009 5:42pm
Quoting Daytrader74
Sydney, December 11: The AUD/USD is set to open the Asian session with a bid tone following a solid performance on Wall Street, as investors appear to be selectively seeking risk assets amid signs that volatility is easing into year- end. The AUD/USD gained around 0.9% on Thursday with the rampaging NZD the only currency performing better on the day with a 1.3% gain against the USD. The EUR/USD meanwhile finished the day virtually unchanged as sovereign risk issues in Europe nag the single-currency and is limiting demand. It is ironic that the "commodity...

thanks for the info DT74 ! keep that positivity flow, im out of here the market abit slow, have agood pipping.
  • #11,394
  • Dec 10, 2009 5:43pm Dec 10, 2009 5:43pm
Strategy:
[email protected]] Some overbought bearish divergence on the hourlies is slowing price advance somewhat, but the daily charts look more buoyant after recent days of failed attempts to close prices inside the Cloud and the rebound begun yesterday. Wed"s high at 0.9115 has already supported prices once today and is a dip buying target.
  • #11,395
  • Dec 10, 2009 5:53pm Dec 10, 2009 5:53pm
Quoting ben10
thanks for the info DT74 ! keep that positivity flow, im out of here the market abit slow, have agood pipping.
You welcome mate, have fun!
  • #11,396
  • Dec 10, 2009 5:59pm Dec 10, 2009 5:59pm
Quoting ben10
Hi Js5020, when you are in profit and has many position open you may close some to book the gain and keep the best price and set the profit stop above your position and let it run, if its retrace you still had the gain but if it continue move in your pavour you are pipping more.

"trade less profit more" thats what you want?
Thanks for the idea Ben,, I usually tag every 3hr candle with a trade as long as there is some positive movement and then close out the whole position when things go sour either by a pullback on the last trade of X pips from entry or by getting an opposing trade signal, at the moment,, trying to break a bad habit of taking profits to soon and leaving Way to much on the table.
  • #11,397
  • Dec 10, 2009 6:37pm Dec 10, 2009 6:37pm
Morning all,
Just a bit confused. Yesterday the dollar was gaining while the gold was going down, and today its the reverse. Gold is up about 12 dollars and dollar is going down..... Anyone explain this?
Find a job that you love and you dont have to work again in your life.
  • #11,398
  • Dec 10, 2009 6:45pm Dec 10, 2009 6:45pm
Hi all

This market is so slow at the moment ......there is a heap of news coming out of China in a bit over an hours time perhaps all on hold awaiting that.
  • #11,399
  • Dec 10, 2009 6:45pm Dec 10, 2009 6:45pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting tradoholic
Morning all,
Just a bit confused. Yesterday the dollar was gaining while the gold was going down, and today its the reverse. Gold is up about 12 dollars and dollar is going down..... Anyone explain this?

Morning man...
I wondered about that myself.. Looks strange to me... I think either USD will follow..or (what I don't hope) Gold will come down again.. Went LONG there from 1020.. saved at BE.. but we'll see..


Good tradin to you all!
"Blue Horseshoe loves Anacott Steel!"
  • #11,400
  • Dec 10, 2009 6:54pm Dec 10, 2009 6:54pm
Quoting tradoholic
Morning all,
Just a bit confused. Yesterday the dollar was gaining while the gold was going down, and today its the reverse. Gold is up about 12 dollars and dollar is going down..... Anyone explain this?
Dont worry, the AUD will follow the gold up shortly...its just lagging a little
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