Attachments: AUD/USD

AUD/USD

#11,581
Dec 13, 2009 10:28pm Dec 13, 2009 10:28pm

siboy
| Joined Jul 2009 | Status: Trader | 470 Posts

Quoting Daytrader74

Disliked

WTF is that big long blue candle on the 5M ?

Ignored

Think it is to do with Dubai World paying the bonds due today and not defaulting on them......bloody big spike

#11,582
Dec 13, 2009 10:32pm Dec 13, 2009 10:32pm

gleem
| Joined Dec 2009 | Status: Trader | 91 Posts

wow big jump on auzzie n kiwi.. i was just about to short..

#11,583
Dec 13, 2009 10:33pm Dec 13, 2009 10:33pm

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

what just happened, went to get a drink and wiped off $2k off my profit....

Find a job that you love and you dont have to work again in your life.

#11,584
Dec 13, 2009 10:38pm Dec 13, 2009 10:38pm

Daytrader74
| Joined Nov 2009 | Status: FUDGE | 2,229 Posts

Quoting tradoholic

Disliked

what just happened, went to get a drink and wiped off $2k off my profit....

Ignored

Sorry to hear that, I was in the loo I came back saw the big ass blue candle on the 5M and my profit +1200

#11,585
Dec 13, 2009 10:43pm Dec 13, 2009 10:43pm

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

Quoting Daytrader74

Disliked

Sorry to hear that, I was in the loo I came back saw the big ass blue candle on the 5M and my profit +1200

Ignored

Expensive drink for me! Expensive $hit for you mate.....
I didnt exit let it run now no point now

Find a job that you love and you dont have to work again in your life.

#11,586
Dec 13, 2009 10:44pm Dec 13, 2009 10:44pm

Daytrader74
| Joined Nov 2009 | Status: FUDGE | 2,229 Posts

Quoting tradoholic

Disliked

Expensive drink for me! Expensive $hit for you mate.....
I didnt exit let it run now no point now

Ignored

No I'm in profit I'm long

#11,587
Dec 13, 2009 10:49pm Dec 13, 2009 10:49pm

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

Quoting Daytrader74

Disliked

No I'm in profit I'm long

Ignored

Well done. I am short AU, Eu, GBP / USD, also short on dowjones. Had good profit since morning, all hard work gone...... Worst thing is that I dont know what happened. Do I exit? Leave it? ...... Good thing that its the profit gone otherwise it would really hurt...

Find a job that you love and you dont have to work again in your life.

#11,588
Dec 13, 2009 10:50pm Dec 13, 2009 10:50pm

Daytrader74
| Joined Nov 2009 | Status: FUDGE | 2,229 Posts

Quoting tradoholic

Disliked

Well done. I am short AU, Eu, GBP / USD, also short on dowjones. Had good profit since morning, all hard work gone...... Worst thing is that I dont know what happened. Do I exit? Leave it? ...... Good thing that its the profit gone otherwise it would really hurt...

Ignored

Sorry about your loss mate..
I will be holding my long to TP at 0.9120 and have moved my SL to BE+ 50pipis

#11,589
Dec 13, 2009 10:51pm Dec 13, 2009 10:51pm

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

Quoting tradoholic

Disliked

Well done. I am short AU, Eu, GBP / USD, also short on dowjones. Had good profit since morning, all hard work gone...... Worst thing is that I dont know what happened. Do I exit? Leave it? ...... Good thing that its the profit gone otherwise it would really hurt...

Ignored

Here we go:

Dec. 14 (Bloomberg) -- Dubai World will pay Nakheel PJSC’s $4.1 billion Islamic sukuk bonds due today, the government of Dubai said in an emailed statement today.

Find a job that you love and you dont have to work again in your life.

#11,590
Dec 13, 2009 10:57pm Dec 13, 2009 10:57pm

kidd
| Joined Jul 2009 | Status: Trader | 39 Posts

Quoting kidd

Disliked

eur/usd daily stoch in a very very oversold position, it doesnot like another big declind on the way, i think the first 5 wave declind for eur/usd should be end really soon, the big correction wave 2 target 1.4900 zone is coming.
according to the eur/usd big wave 2 bounce, as i mention the aud triangle should be consider, aud one more push up to the 0.9240 zone.(my thought for this 5 wave declind in this aud/usd have to reconsider)

Ignored

i got it long at the 78.6% retracement at 0.9060

#11,591
Dec 13, 2009 11:03pm Dec 13, 2009 11:03pm

Scalpin
| Joined Oct 2009 | Status: Trader | 106 Posts

DUBAI (Zawya Dow Jones)--Dubai's government Monday said it has received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai World and its property unit Nakheel.
"As a first action for the new fund, the Government of Dubai has authorized $4.1 billion to be used to pay the sukuk obligations that are due today," the Dubai government said in an emailed statement.

This caused the spike. (In risk)

Better place to short from ???

Price is what you pay. Value is what you get

#11,592
Dec 14, 2009 1:07am Dec 14, 2009 1:07am

barrasundi
| Joined Dec 2009 | Status: Trader | 16 Posts

Looks like we will break back down below 91. Perhaps the effect of the Dubai news will be short lived.

#11,593
Dec 14, 2009 1:23am Dec 14, 2009 1:23am

Larseg
Joined May 2009 | Status: Re-member | 6,497 Posts

Quoting tradoholic

Disliked

Well done. I am short AU, Eu, GBP / USD, also short on dowjones. Had good profit since morning, all hard work gone...... Worst thing is that I dont know what happened. Do I exit? Leave it? ...... Good thing that its the profit gone otherwise it would really hurt...

Ignored

Why are you shorting several correlated objects?
Aren't you better of just keeping one big short in one of them... depends on your methods off course...

#11,594
Dec 14, 2009 1:49am Dec 14, 2009 1:49am

Jesus4748
| Membership Revoked | Joined Sep 2009 | 429 Posts

Quoting siboy

Disliked

Thank you...

Ignored

thanks m8 , was starting to think i made a rush analysis when i saw the price fallin again but now its following exactly my charts

#11,595
Edited 2:11am Dec 14, 2009 1:56am | Edited 2:11am

Jesus4748
| Membership Revoked | Joined Sep 2009 | 429 Posts

Quoting Jesus4748

Disliked

ok guys ,, here is my Charts for today
u might notice i changed the Elliott wave count that i anticipated before cause i have noticed some mistmatching between the possible direction of some pairs , i thought the we r in wave 3 down in the AUD which will take the price beyond 8950 but when i check the EURO and Gold chart ( i like to look at all charts at the same time to anticipate the best analysis and forecasting and it helps me sometimes to understand things i cant see in the AUD ) i see the Euro and gold went in 5 wave down with no possible...

Ignored

i still dont recommend going long on that pair or selling the dollar in general althought i see in my analysis an up correction , i would recommend waiting and shorting it on rallies
and i dont wanna say that cause we r in the AUD forum but it makes more sense to short the Euro when it comes to the right spot cause of 2 reasons
it has been the weakest pair against the dollar and lost 550 pips on the down move ,, secondly it made the best recovery so far 50 pips

#11,596
Dec 14, 2009 1:59am Dec 14, 2009 1:59am

tradoholic
| Commercial User | Joined Sep 2009 | 1,006 Posts

I normally use 2 accounts, one to hedge. This time I didnt do it because of the market sentiment in Europe. I didnt expect the Dubai situation to hit me like lightening. Well another lesson learnt. I closed my GBP with profit. Waiting for AU and Euro to give my money back.
The DowJones I will leave it for the night. Its the highest for the year at the moment, so not advisable to close now.

Find a job that you love and you dont have to work again in your life.

#11,597
Dec 14, 2009 2:09am Dec 14, 2009 2:09am

TaoTrader
Joined Dec 2009 | Status: Full Time Trader | 551 Posts

Quoting Larseg

Disliked

Why are you shorting several correlated objects?
Aren't you better of just keeping one big short in one of them... depends on your methods off course...

Ignored

You ask whether to leave or exit. It naturally depends on your trading strategy. If you are a swing or a position trader, you will focus on opening a trade and keeping it open the entire day, unless you see a signal from your trading strategy telling you to exit the trade until the next open signal appears. Conversely, scalper and day traders look for quick profits, and if the market swings 20-50 or more pips in the opposite direction, this might signal a stop loss or a close out of the trade.
I am short on 6 pairs at the moment and long on two. This is based on my swing/position strategy of course. Do you use bollinger bands, moving averages, parabolic SAR, kieken ashi, volume, MACD, or any other specific indicators? Also, the news is notorious for reversing the price of a currency pair. When I started trading I immediately had my eye on trades worth no less than a dollar per pip. It was unsettling to learn how as a new trader, the news had the ability to return losses of two to three hundred dollars in an hour or two. The same could be said of profits for my account.
Keep in mind I have always been a swing/position trader, and at the time I was still learning about the organic, natural, as well as volatile behavior of the market. I did not start closing losses out sooner or staying out of trades longer until I understood better and had a more refined and intimate working knowledge of the currency market. By that time I had lost a considerable amount of money, but those days of losing large amounts of money are no more for me.
Remember that the news of one session such as Tokyo or Sydney may return large losses, but the London and session may gain back those losses fairly quickly. The same can be said for other market sessions such as the U.S. If you are hesitant about trading during the new you may want to stay out until you gain more experience, but many people choose to trade the news anyway. The Dubai news a few hours ago brought immediate gains for many non US currencies, as you already know. However, if you look closely at your charts you will see many of those losses were quickly gained back by the dollar at the end of the Tokyo session.

#11,598
Dec 14, 2009 2:18am Dec 14, 2009 2:18am