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AUD/USD

  • #14,321
  • Jan 21, 2010 4:32pm Jan 21, 2010 4:32pm
Quoting shoeysfish
I set mine @ 9 and 20, what about you
Exactly the same brother, and when they cross below -100 or above +100, they are pretty good little indicators. We are really close to a cross on the 60 min. When did you start doing that? I told somebody about it not that long ago. Is it working well for you?
  • #14,322
  • Jan 21, 2010 4:37pm Jan 21, 2010 4:37pm
Quoting Ducci
First off, I appreciate the comments. At times, it seems that we have a great way of getting ourselves confused, and frankly sometimes, I don't even look on here because I am afraid of what people are predicting .

Anyway, I use 3 EMA's based on the high, low, and close based on 34 periods. You would be surprised how in a typical day, it bounces off of one of those lines. It also gives me some good typically safe entry and exits off of a trend.

In terms of CCI, it stands for a Commodity Channel Index, and it measures a deviation of the price...
It was actually you that I told about this so I assume that it working okay? If not, don't send me a bill..
  • #14,323
  • Jan 21, 2010 4:38pm Jan 21, 2010 4:38pm
Quoting Ducci
Exactly the same brother, and when they cross below -100 or above +100, they are pretty good little indicators. We are really close to a cross on the 60 min. When did you start doing that? I told somebody about it not that long ago. Is it working well for you?
You know what Ducci, you may have been the person who told me, have used for not that long a time. Yes have been doing allright with them. A big thankyou to you.

I cannot overlay them on my charting system so I have to watch them closely to match up when they cross. Not too bad a problem.

Between these and the DT74 indicator, we will all be millionares!
  • #14,324
  • Jan 21, 2010 4:40pm Jan 21, 2010 4:40pm
Quoting shoeysfish
I went a small long @0.90040, watching it intensley though, & shaking!

I have been good too, but unfortunately I have alot on at work lately.
I have at pretty tough trend line at .90105. DT might be right about another drop before we see a clean break on the 60 min CCI.
  • #14,325
  • Jan 21, 2010 4:43pm Jan 21, 2010 4:43pm
Hi all,
Just logging in to see what is happening. I missed the ride down last night, what a shame. Good thing I still have my short on Gold and Lihir Gold which should drop heaps today.

DT, without sending the old and grumpies ballistic, how was your week? Meet your target? I did with mine and exceeded 100%. Yesterday was tops and my mistake of leaving a SL open after I closed a long on GBP helped the cause as well. I will be out most of the day today so, wont enter any deals, but will keep a track on my iphone.
Good luck if you are trading....
Find a job that you love and you dont have to work again in your life.
  • #14,326
  • Jan 21, 2010 4:48pm Jan 21, 2010 4:48pm
Quoting Ducci
I have at pretty tough trend line at .90105. DT might be right about another drop before we see a clean break on the 60 min CCI.
It sure is testing that trendline hard. If it breaks through, I am going to be hating it because I cashed in and took a short.
  • #14,327
  • Jan 21, 2010 4:50pm Jan 21, 2010 4:50pm
Quoting Ducci
It sure is testing that trendline hard. If it breaks through, I am going to be hating it because I cashed in and took a short.
I am still in but have my finger on the button! it looks to have stalled.
  • #14,328
  • Jan 21, 2010 4:52pm Jan 21, 2010 4:52pm
Quoting tradoholic
Hi all,
Just logging in to see what is happening. I missed the ride down last night, what a shame. Good thing I still have my short on Gold and Lihir Gold which should drop heaps today.

DT, without sending the old and grumpies ballistic, how was your week? Meet your target? I did with mine and exceeded 100%. Yesterday was tops and my mistake of leaving a SL open after I closed a long on GBP helped the cause as well. I will be out most of the day today so, wont enter any deals, but will keep a track on my iphone.
Good luck if you are trading....
I'm ahead of my target by 54.46% good luck to you as well you are doing fantastic
  • #14,329
  • Jan 21, 2010 4:53pm Jan 21, 2010 4:53pm
Quoting tradoholic
Hi all,
Just logging in to see what is happening. I missed the ride down last night, what a shame. Good thing I still have my short on Gold and Lihir Gold which should drop heaps today.

DT, without sending the old and grumpies ballistic, how was your week? Meet your target? I did with mine and exceeded 100%. Yesterday was tops and my mistake of leaving a SL open after I closed a long on GBP helped the cause as well. I will be out most of the day today so, wont enter any deals, but will keep a track on my iphone.
Good luck if you are trading....
I have been at it non-stop since you left. I stayed in when you cashed out, and that free fall was a gift from Heaven because I didn't deserve that second chance when I sat in the first one when you took profit early.
  • #14,330
  • Jan 21, 2010 4:53pm Jan 21, 2010 4:53pm
Quoting shoeysfish
I am still in but have my finger on the button! it looks to have stalled.
Hey Shoe,

Got stopped out at GBP/CHF, looks like I was off by a penny, but seems to have downward momentum now.
  • #14,331
  • Jan 21, 2010 4:56pm Jan 21, 2010 4:56pm
Quoting shoeysfish
I am still in but have my finger on the button! it looks to have stalled.
Well if it breaks .9024, I will reverse and join you.
  • #14,332
  • Jan 21, 2010 4:57pm Jan 21, 2010 4:57pm
Quoting Clouds
Hey Shoe,

Got stopped out at GBP/CHF, looks like I was off by a penny, but seems to have downward momentum now.
Hi Clouds,

Yeh I got stopped out as well, You were very very close. I will have another look at it, looked yesterday night and it still looked very tempting.

cheers
  • #14,333
  • Jan 21, 2010 4:59pm Jan 21, 2010 4:59pm
Technically the AUD has broken through the Ichimoku cloud, with the daily studies showing negative signals and the pairing targets 0.8960, which is the 61.8% retracement of the Dec/Jan climb.
  • #14,334
  • Jan 21, 2010 5:01pm Jan 21, 2010 5:01pm
Quoting Ducci
I have been at it non-stop since you left. I stayed in when you cashed out, and that free fall was a gift from Heaven because I didn't deserve that second chance when I sat in the first one when you took profit early.
You did well, just a word of caution, you seem to be trading too many hours. When I trade continuously for a longer period, I tend to make mistakes. I hope you are not the same. Good luck anyway.
Looking at my charts, I think we might have a bullish day. Getting closer to the end of the month and RBA rate increase, normally traders build in the rate rise froma few days prior, and since we have had a nice clean fall, it would make it ideal set up for longs to about 9200. In longer term I can see 8690 ( maybe lower if the leg up is higher than 9200).
Find a job that you love and you dont have to work again in your life.
  • #14,335
  • Jan 21, 2010 5:02pm Jan 21, 2010 5:02pm
Quoting shoeysfish
You know what Ducci, you may have been the person who told me, have used for not that long a time. Yes have been doing allright with them. A big thankyou to you.

I cannot overlay them on my charting system so I have to watch them closely to match up when they cross. Not too bad a problem.

Between these and the DT74 indicator, we will all be millionares!
I'm not sure what platform you use for charting, but if you are using the VT2 platform you can overlay two CCIs on the one graph using the attached indicator. I just modified that one that's included in VT to add a second line.
Attached File(s)
File Type: vtscr CCI_x2.vtscr   2 KB | 134 downloads
  • #14,336
  • Jan 21, 2010 5:04pm Jan 21, 2010 5:04pm
Quoting shoeysfish
Hi Clouds,

Yeh I got stopped out as well, You were very very close. I will have another look at it, looked yesterday night and it still looked very tempting.

cheers
It went to 1.7032, now at 1.6882. Had a double top. I might put in a sell order at 1.6940 , for H&S - We'll see, I'm in some other trades
  • #14,337
  • Jan 21, 2010 5:05pm Jan 21, 2010 5:05pm
Quoting Ducci
Well if it breaks .9024, I will reverse and join you.
Ok, I didn't wait, we are now back in it together. I have aother trendline at .9032. If we could just break that one, we could have a good trade on our hands. If we break .9032, I am setting my TP at .9060.
  • #14,338
  • Jan 21, 2010 5:09pm Jan 21, 2010 5:09pm
Quoting tradoholic
You did well, just a word of caution, you seem to be trading too many hours. When I trade continuously for a longer period, I tend to make mistakes. I hope you are not the same. Good luck anyway.
Looking at my charts, I think we might have a bullish day. Getting closer to the end of the month and RBA rate increase, normally traders build in the rate rise froma few days prior, and since we have had a nice clean fall, it would make it ideal set up for longs to about 9200. In longer term I can see 8690 ( maybe lower if the leg up is higher than 9200)....
Hi Trado,

Do you think this leg up will coincide with the 1130 news (if good news), do you think fundamentally, that if news is not good, that it may continue downward on its way to your target?

cheers
  • #14,339
  • Jan 21, 2010 5:12pm Jan 21, 2010 5:12pm
bearish pattern
Attached Image (click to enlarge)
Click to Enlarge Name: forex.gif Size: 16 KB

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The Gann theory
  • #14,340
  • Jan 21, 2010 5:13pm Jan 21, 2010 5:13pm
Quoting Clouds
It went to 1.7032, now at 1.6882. Had a double top. I might put in a sell order at 1.6940 , for H&S - We'll see, I'm in some other trades
Yes on AUD, I will wait now for the news @ 1130. With the GBP/CHF, I will wait to see if it breaks about 1.687 (looking good to me).

cheers and regards
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