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AUD/USD

  • #14,361
  • Jan 21, 2010 6:13pm Jan 21, 2010 6:13pm
Quoting Daytrader74
Did someone say not to go long because we are in a downtrend ?
Yes. I'll keep saying that.
  • #14,362
  • Jan 21, 2010 6:13pm Jan 21, 2010 6:13pm
Quoting Daytrader74
Did someone say not to go long because we are in a downtrend ?
ME ME But I said
Quoting egkid
My view almost like this because for me i feel safer and comfortable flow with the market better in my view than try go long in strong support while it's dropping,We have seen many times falling break all the support in his way.

I know you are one of few good trader that why i post it this to remind you but at last it's your decision

GL Bro
  • #14,363
  • Jan 21, 2010 6:14pm Jan 21, 2010 6:14pm
Quoting Daytrader74
Did someone say not to go long because we are in a downtrend ?
I don't know if this is done. Any thoughts of taking a short and where. I originally charted it to go to around .9069, but my stomach couldn't handle staying in that long when those beautiful real dollars were just a click away .
  • #14,364
  • Jan 21, 2010 6:21pm Jan 21, 2010 6:21pm
Ok, so you're a scalper, and don't hold trades. Fine. But in middle of down trend, I hear LONG, it's kind of weird. Why don't you just talk about short entrees even if you are short-term? Well , whatever..
  • #14,365
  • Jan 21, 2010 6:21pm Jan 21, 2010 6:21pm
Quoting Ducci
I don't know if this is done. Any thoughts of taking a short and where. I originally charted it to go to around .9069, but my stomach couldn't handle staying in that long when those beautiful real dollars were just a click away .
Where I have seen the real strong line is at .91277. It has bounced off of there like 6 times if you count both the red and green bounces, or three if you want to get technical. Realistically, a stretch goal might be my 1st line of resistance .90789. Thoughts anyone, Bueller???
  • #14,366
  • Jan 21, 2010 6:22pm Jan 21, 2010 6:22pm
looks like a possible reverse H&S on 15M charts. if its successful should take us up to .9105. very dangerous given these market conditions and volatility w-o real tight SL
  • #14,367
  • Jan 21, 2010 6:25pm Jan 21, 2010 6:25pm
Quoting jdutch
looks like a possible reverse H&S on 15M charts. if its successful should take us up to .9105. very dangerous given these market conditions and volatility w-o real tight SL
We are also dangerously close to printing a Bearish Engulfing candle on the 15 min also not sure I like the look of it. .9042 is a pretty tough little line.
  • #14,368
  • Jan 21, 2010 6:29pm Jan 21, 2010 6:29pm
Quoting Clouds
Ok, so you're a scalper, and don't hold trades. Fine. But in middle of down trend, I hear LONG, it's kind of weird. Why don't you just talk about short entrees even if you are short-term? Well , whatever..
Hello bro
Don't know why some get annoyed when saying so!! Any way
From where u took sell?
  • #14,369
  • Jan 21, 2010 6:36pm Jan 21, 2010 6:36pm
Quoting egkid
Hello bro
Don't know why some get annoyed when saying so!! Any way
From where u took sell?
Oh, I'm not annoyed, just saying, I always heard things on this thread after the fact, so the comments don't seem to offer anything... I'm not trying AUD/USD right now, but have a buy order for eur/jpy at 127.65
  • #14,370
  • Jan 21, 2010 6:38pm Jan 21, 2010 6:38pm
Quoting jdutch
looks like a possible reverse H&S on 15M charts. if its successful should take us up to .9105. very dangerous given these market conditions and volatility w-o real tight SL
I think that I will let this one play itself out for a little bit. Seems to be quit the battle right now. I don't have an indicator either way at this point. I don't see me doing a long until it goes back down and sets back up, and I am not going to take a short unit it at least gets down to around .9070. This does seems like a shake out for something big.
  • #14,371
  • Jan 21, 2010 6:41pm Jan 21, 2010 6:41pm
Quoting Ducci
I think that I will let this one play itself out for a little bit. Seems to be quit the battle right now. I don't have an indicator either way at this point. I don't see me doing a long until it goes back down and sets back up, and I am not going to take a short unit it at least gets down to around .9070. This does seems like a shake out for something big.
Still awaiting my setup to go long @0.8960
  • #14,372
  • Jan 21, 2010 6:41pm Jan 21, 2010 6:41pm
I posted this earlier today but since I was a "Junior Member" it got lost in the noise. FF updated me to "Member" today so I thought I would throw it out there again. This is a great simple overlay that you can throw in a window that works well. I thought I would give it to you guys since you seem to be micro-term traders and this overlay works best with time-frames of <1hr. The setup is as follows:

20 Period, (H+L+C)/3, Expo, MoAv
10 Period, (H+L+C)/3, Expo, MoAv
5 Period, (H+L+C)/3, Expo, MoAv
2 Period, (H+L+C)/3, Expo, MoAv
2 Period, (H+L+C)/3, Expo, MoAv, -1 Lag

The lag will keep you out of the noise. If you look at today on the image, following violet, confirmed the earlier spike and got me out and down for the rest of the ride.
Made 9% for my pool today just using this indicator
Just thought that I would share this
Attached Image (click to enlarge)
Click to Enlarge Name: overlay2.jpg Size: 158 KB
  • #14,373
  • Jan 21, 2010 6:44pm Jan 21, 2010 6:44pm
Quoting Clouds
Oh, I'm not annoyed, just saying, I always heard things on this thread after the fact, so the comments don't seem to offer anything... I'm not trying AUD/USD right now, but have a buy order for eur/jpy at 127.65
Closed 1 position 0.9040
have one sell still open from 0.9310
  • #14,374
  • Jan 21, 2010 6:46pm Jan 21, 2010 6:46pm
Quoting Daytrader74
Still awaiting my setup to go long @0.8960
Just went short @0.9020, SL0.9060, 1st TP 0.8940
  • #14,375
  • Jan 21, 2010 6:47pm Jan 21, 2010 6:47pm
Quoting Daytrader74
Still awaiting my setup to go long @0.8960
Cool and I'm waiting nice entry to add sell maybe later
But i think we will go 8960 first then we go up as Retrace
  • #14,376
  • Jan 21, 2010 6:52pm Jan 21, 2010 6:52pm
Quoting egkid
Cool and I'm waiting nice entry to add sell maybe later
But i think we will go 8960 first then we go up as Retrace
ok cheers, love the advise

Thankyou Egkid
  • #14,377
  • Jan 21, 2010 6:55pm Jan 21, 2010 6:55pm
Quoting egkid
Cool and I'm waiting nice entry to add sell maybe later
But i think we will go 8960 first then we go up as Retrace
THe problem is that Option Chart seems to say that we might have capped out our top? You know the one thing about Option Traders they make money because most people don't know what they are doing so it could be off a little. The one up above was really close. We went up in a wick to .90535, but the candle really formed at .9048 about 10 above that option chart.
  • #14,378
  • Jan 21, 2010 7:01pm Jan 21, 2010 7:01pm
Quoting shoeysfish
ok cheers, love the advise

Thankyou Egkid
I am only showing an indication on the 15 minute, but the 60 isn't even close on an oversold or overbought or a cross of lines. I think that I will wait as well.
  • #14,379
  • Jan 21, 2010 7:01pm Jan 21, 2010 7:01pm
Quoting egkid
Closed 1 position 0.9040
have one sell still open from 0.9310
Hey Just for you

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.14 as nearly 53% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 6.2% lower than yesterday and 52.6% stronger since last week. Short positions are 2.9% lower than yesterday and 43.0% weaker since last week. Open interest is 4.7% weaker than yesterday and 4.7% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.54 as nearly 61% of traders are long. Yesterday, the ratio was at 1.54 as 61% of open positions were long. In detail, long positions are 15.1% lower than yesterday and 31.5% stronger since last week. Short positions are 15.2% lower than yesterday and 40.6% weaker since last week. Open interest is 15.2% weaker than yesterday and 4.6% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.
Nothing worth having is easy.
  • #14,380
  • Jan 21, 2010 7:04pm Jan 21, 2010 7:04pm
Anyone know if there is a sock formation. I need some sleep. The pattern on my 5 minute candle chart looks like a sock
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