AUD/USD | Page 715 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #14,281
  • Jan 21, 2010 2:34pm Jan 21, 2010 2:34pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting sibajnok
another milking PA is forming now.
Yes.. Like a play with the fire.. this one was good for some fast pips again..
"Blue Horseshoe loves Anacott Steel!"
  • #14,282
  • Jan 21, 2010 2:43pm Jan 21, 2010 2:43pm
1hr bottom out at %R. The attached is a great <1hr indicator, it is a various period exponential (H+L+C)/3 overlay with a time lagged EMA 2 signal. It has made me a lot of money. Just thought I would share. Levels are 2,5,10,20, and -1 time lag.
Attached Image (click to enlarge)
Click to Enlarge Name: overlay.jpg Size: 170 KB
  • #14,283
  • Jan 21, 2010 2:44pm Jan 21, 2010 2:44pm
Quoting Ducci
At this point if I split the difference betwen my 15 and 60 min chart, I might enter .9052 with an exit of .9082....
it is always VERY risky to trade against trend.

1)if I take a look at my charts I can see that it begins at the top left hand corner and ends in the bottom right hand corner, so we are in downtrend.

2)we are at monthly pivot point, we are a major support level here, as well as we are at around round number .9000. usually round numbers are respectable, because big dogs playing around those levels.

3)EUR/USD is also have a chance to reverse around ROUND number 1.4000 (also still in downtrend, just enough to take a look at daily or weekly charts << all red)

BUT.

some kind of traders are waiting for confirmation of trend reversal (2-3 daily candle close in green, weekly trendline been broken, etc.) some of them takes more risk by trying to catch the bottom (in downtrend).

no matter what kind of trader you are, if you have good Money Management, AND/OR if you use Stop/Loss (maybe hedgeing could be good - i don't have any experience in it), you can profit.

just plan your trade, trade your plan.
  • #14,284
  • Jan 21, 2010 2:47pm Jan 21, 2010 2:47pm
Quoting Tuner
Yes.. Like a play with the fire.. this one was good for some fast pips again..
yes, I know. But without playing the fire I cannot make profit

now, my live account has been profitable for months now. I am still very very very rookie in FX trading, but these kind of calls (posts) even if they are just scalps are based on some experience and REAL risk (no demo, where you can afford to take ANY risk).
  • #14,285
  • Jan 21, 2010 2:49pm Jan 21, 2010 2:49pm
Quoting sibajnok
yes, I know. But without playing the fire I cannot make profit

now, my live account has been profitable for months now. I am still very very very rookie in FX trading, but these kind of calls (posts) even if they are just scalps are based on some experience and REAL risk (no demo, where you can afford to take ANY risk).
and that is the reason why I wouldn't post anything like this: "LONG/SHORT closed in +23432432145 pips". Without plan/explanation I couldn't believe to this kind of posts
  • #14,286
  • Jan 21, 2010 2:55pm Jan 21, 2010 2:55pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting sibajnok
yes, I know. But without playing the fire I cannot make profit

now, my live account has been profitable for months now. I am still very very very rookie in FX trading, but these kind of calls (posts) even if they are just scalps are based on some experience and REAL risk (no demo, where you can afford to take ANY risk).
That's true... As a kid I also liked to play with the fire *hehe*
As you said most important is to have a proper MoneyManagement.
Had some rough draw-downs on my account end of last year. For now this year has been better...
You are right. The games in Demo-accounts are completely different.. (Doubled my account in 2 weeks there..but with amazing risk... like in Poker "All in!"

Good luck to you and some nice pips!

-Tuner-
"Blue Horseshoe loves Anacott Steel!"
  • #14,287
  • Jan 21, 2010 3:03pm Jan 21, 2010 3:03pm
Quoting Tuner
That's true... As a kid I also liked to play with the fire *hehe*
As you said most important is to have a proper MoneyManagement.
Had some rough draw-downs on my account end of last year. For now this year has been better...
You are right. The games in Demo-accounts are completely different.. (Doubled my account in 2 weeks there..but with amazing risk... like in Poker "All in!"

Good luck to you and some nice pips!

-Tuner-
Good Luck bro
  • #14,288
  • Jan 21, 2010 3:06pm Jan 21, 2010 3:06pm
Quoting Clouds
Hi Patience, A/J just hit my trend line at 81.40, let's see if it gets a bounce there
Thanks for that. What a day and what a nasty turnaround. Just been scalping like a ninja. I have bought some more but I'm not really liking the look of my 4 hour or daily. I'm thinking 50% fib at 79.78 might be the next target if this risk aversion carries on. Are you trading it?
Nothing worth having is easy.
  • #14,289
  • Jan 21, 2010 3:08pm Jan 21, 2010 3:08pm
my last AU scalp has been triggered @9014.

now watching how it goes.

trade plan/reason: VERY possible rebounce from this monthy pivot level, as no major news and no big volume.
  • #14,290
  • Jan 21, 2010 3:09pm Jan 21, 2010 3:09pm
Looking at my new setup...

Go long @0.8990 TP @0.9035 SL @0.8960
  • #14,291
  • Jan 21, 2010 3:16pm Jan 21, 2010 3:16pm
Quoting sibajnok
it is always VERY risky to trade against trend.

1)if I take a look at my charts I can see that it begins at the top left hand corner and ends in the bottom right hand corner, so we are in downtrend.

2)we are at monthly pivot point, we are a major support level here, as well as we are at around round number .9000. usually round numbers are respectable, because big dogs playing around those levels.

3)EUR/USD is also have a chance to reverse around ROUND number 1.4000 (also still in downtrend, just enough to take a look at daily or weekly...

I am not sure how to take your post. I thought that I was pretty specific that there were certain parameters for me to take a long, which have not been met so I am following my plan. When I have gotten the trades I want today, it has yielded me 81 PIP's. I appreciate the advice, but defining the conditions to take a retracement trade is hardly trading against the trend. If I were trading against the trend, I would be trying to time the low, which is far from my plan. I made some good PIP's on shorts today, but when I start seeing spinning tops on a 60 minute chart, I look to time a possible retracement. May never come, but I am fine with that also.
  • #14,292
  • Jan 21, 2010 3:21pm Jan 21, 2010 3:21pm
Quoting Ducci
I am not sure how to take your post....
we are on the same side, buddy.

"trend is your friend"

and what I think of trend (and any indicators) you can check in my profile
  • #14,293
  • Jan 21, 2010 3:24pm Jan 21, 2010 3:24pm
Quoting Daytrader74
Looking at my new setup...

Go long @0.8990 TP @0.9035 SL @0.8960
Well trend is down ! Why you do something like this ! Trying to pick up the bottom not wise thing Even if this strong support.
But everyone has his own view
  • #14,294
  • Jan 21, 2010 3:25pm Jan 21, 2010 3:25pm
My momentum, stoch and RSI are pointing down on D1
and my fibonacci 0.8961 to reach point 61.8 retracement line,

should go on short from
0.90061 to 0.8961 ?!
what do yo guys think?
  • #14,295
  • Jan 21, 2010 3:29pm Jan 21, 2010 3:29pm
Quoting sibajnok
we are on the same side, buddy.

"trend is your friend"

and what I think of trend (and any indicators) you can check in my profile
No worries, and I completely agree with you. I am just at a point that I don't care if I take another trade today because I had already hit some good trades this morning. I had some pretty tough criteria that had to be met to take that trade. Like I said, it was a moving target, but it also has been the same moving target indicators that timed my shorts....
  • #14,296
  • Jan 21, 2010 3:30pm Jan 21, 2010 3:30pm
Quoting Ricardotrade
My momentum, stoch and RSI are pointing down on D1
and my fibonacci 0.8961 to reach point 61.8 retracement line,

should go on short from
0.90061 to 0.8961 ?!
what do yo guys think?
be patient and try to pick the top if you want to go short.
  • #14,297
  • Jan 21, 2010 3:31pm Jan 21, 2010 3:31pm
Quoting egkid
Well trend is down ! Why you do something like this ! Trying to pick up the bottom not wise thing Even if this strong support.
But everyone has his own view
HI,
So what you are saying is when the trend is down one should never take a long for 30-40 pips is that what you are saying ? Just because a trend is down does not mean it will not re-bounce 30-40 or even 60 -80 pips back up and then down again , I've sen this happen too many times now, but thanks for you point of view.
  • #14,298
  • Jan 21, 2010 3:33pm Jan 21, 2010 3:33pm
Quoting sibajnok
be patient and try to pick the top if you want to go short.

Im sorry, pick the top? you mean that its is gonna bounce first then back to downtrend?
  • #14,299
  • Jan 21, 2010 3:35pm Jan 21, 2010 3:35pm
Quoting Daytrader74
HI,
So when the trend is down one should never take a long for 30-40 pips is that what you are saying ? Just because a trend is down does not mean you it will not re-bounce 30-40 or even 60 -80 pips back up and then down again , I've sen this happen too many times now, but thanks for you point of view.
Where have you been, I can't believe that I am trying to defend trading retracements.... None of these people obviously have not been around on some of your good days. I have to say that you are the retracement master....
  • #14,300
  • Jan 21, 2010 3:36pm Jan 21, 2010 3:36pm
I think we will see a rise tommorow. Every correlated currency is setting up to begin a new trend or rise.

I think the bears run is ending soon.
All currencies are dipping into heav demand.

EU-1.4000
AU-0.9000
GU-1.6100
57 traders viewing now