AUD/USD | Page 775 | 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

  • #15,481
  • Feb 4, 2010 11:01am Feb 4, 2010 11:01am
Quoting Ducci
When it started channeling, I got a little nervous or lucky rather to be able to get out actually a little ahead....
just open the monthly chart, you'll see we're in range from .90s - .60s
  • #15,482
  • Feb 4, 2010 11:02am Feb 4, 2010 11:02am
Quoting Tuner
Now that's hard..
Was lookin at the charts before. When we were at the 88area.
Lookin for a nice entry for a short. Now I come back and see that baby down there.
Hope some of you were in that ride and took those nice pips.
Only question is now... Where to find another Short entry?
or just sell sell sell no matter what ?
wait till the storm settles, like tonight before any new entrees
  • #15,483
  • Feb 4, 2010 11:10am Feb 4, 2010 11:10am
Quoting Ducci
When it started channeling, I got a little nervous or lucky rather to be able to get out actually a little ahead. Not much, but about even on NZD and 6 PIP's on AUD. What is happening now is so far off of the indication charts that I don't plan to re-enter until the math catches up with this action since I am not holding an active short. CCI on AUD is at -386, which is completely off of the charts. I have been getting a sell signal on the Dollar Index for over 7 hours. This almost feels like the Christmas Holiday all over again where nothing really...
Just to give you guys an idea of where my Time Forecasted Linear Regression line sits right now. On a 15 min chart, it would need to cross somewhere in the area of .8720 even if it did that it is a weak indication. On a 60 min chart, it would need to cross .8806, and for a good confirmed decline trend on the Dollar Index, it would need to cross 79.67 on a 60 min chart. There is too much seperation for my taste right now. Just to emphasis how good of an indicator it has been on a 60 min chart, the last cross was confirming a short yesterday at a price of .8888. We have been on the other side of that line ever since.
  • #15,484
  • Feb 4, 2010 11:10am Feb 4, 2010 11:10am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Clouds
wait till the storm settles, like tonight before any new entrees
Yes.. I think it would be the best thing.
If market goes crazy we need to be reasonable sometimes.
I will watch the game for a while now..

Good luck to you all!
"Blue Horseshoe loves Anacott Steel!"
  • #15,485
  • Feb 4, 2010 11:11am Feb 4, 2010 11:11am
This move could be over for now
Attached Image (click to enlarge)
Click to Enlarge Name: 20100204audd.gif Size: 26 KB
  • #15,486
  • Feb 4, 2010 11:16am Feb 4, 2010 11:16am
Quoting Hell7
This move could be over for now
H7,

I have been really interested in using geometric charting especially Andrew's Fork to manage my exits and confirm my entries. I have Andrew's Fork as a tool, but I am not skilled at plotting it yet. Any suggestions on where I might learn? Thanks in advance
  • #15,487
  • Feb 4, 2010 11:19am Feb 4, 2010 11:19am
Quoting egkid
Positions still in play 0.9310 and 0.9060 and 0.8945
About >> 820 ++ pip
Positions still in play 0.9310 and 0.9060 and 0.8945
Profit so far >>> over 1300 pip
  • #15,488
  • Feb 4, 2010 11:24am Feb 4, 2010 11:24am
Quoting egkid
Dont' try to pick up the bottom (Hope you didn't forgot that)I always see you as experience trader
See what i mean now , Best friend is The Trend
  • #15,489
  • Feb 4, 2010 11:32am Feb 4, 2010 11:32am
Hi,

If there is a bounce up where would you suggest a good entry to reshort?

Im still learning this pair.

Thanks heaps in advance.
  • #15,490
  • Feb 4, 2010 11:43am Feb 4, 2010 11:43am
Quoting egkid
See what i mean now , Best friend is The Trend
yes but maybe buying interest at .60 for aud
  • #15,491
  • Feb 4, 2010 11:52am Feb 4, 2010 11:52am
Hope you guys/gals dont mind a tid bit from an A/J trader,,, over the years I have become very use to these enormous drops, I've been holding A/J shorts taking entries off the 5/8 on the daily since Jan 14, nothing real big 1:1 and paying the rollover and today has made it very very worthwhile omg has it ever,, to much movement away from the mas now and the daily rsi on the bottom so I took profit and wait for the magnet effect to the mas and see whats on their minds. I visit this thread several times a day just to see some of the calls,, some real good short time traders on the thread. Every /Jpy pair I looked at is at the oversold line on their daily chart RSI, most are at triple bottom state or is it 3 taps on support and dive?, Us/Jpy kinda headed to what looks like an inverted H&S at the moment, what is to come of course we dont really know and as someone else has cautioned be careful out there and wait till the smoke clears,,, took an A/J long 76.75 1/2:1 sl 75.50 tp ? adding every candle if we clear and hold above the mas, and if it doesnt well there is a plan for that as well,, other account is now set up in "black swan" mode should the bottom come out of this thing. Good luck everyone.
  • #15,492
  • Feb 4, 2010 11:53am Feb 4, 2010 11:53am
Quoting egkid
See what i mean now , Best friend is The Trend
So what is your exit plan for all of this profit. You must have a bottom in mind. . Now if I remember right you use what I would define as a geometric charting method, Ichimoku right? I learned the hard core fundamentals surrounding momentum trading which incorporates short term indicators, support and resistance, breakouts, quick entries and exits, Fib's, trading ABC patterns, etc, and I am actually proficient at it to the tune of 30 to 70 Pip's a day typically. The down side to the way I learned is that I really can not afford to leave my post, or I give up my choice to take a smaller TP. This can sometimes be problematic in my marriage. I really really want to start charting more long term and refine my skills in that area. I have been looking into other geometric charting like Andrew's Fork, but I am also interested in how you choose your method, where you learned, do you manually plot, or does your broker offer it as an analysis technique? Are there any weaknesses in Ichioku that you supplement with any other charting methods?
  • #15,493
  • Feb 4, 2010 11:58am Feb 4, 2010 11:58am
Quoting Ducci
So what is your exit plan for all of this profit. You must have a bottom in mind. .
just my 2 cents, u dont have have a target in mind, just a SL where u think it 'won't' go.

shorted some silver off break of 16 support
  • #15,494
  • Feb 4, 2010 12:00pm Feb 4, 2010 12:00pm
Quoting js5020
Hope you guys/gals dont mind a tid bit from an A/J trader,,, over the years I have become very use to these enormous drops, I've been holding A/J shorts taking entries off the 5/8 on the daily since Jan 14, nothing real big 1:1 and paying the rollover and today has made it very very worthwhile omg has it ever,, to much movement away from the mas now and the daily rsi on the bottom so I took profit and wait for the magnet effect to the mas and see whats on their minds. I visit this thread several times a day just to see some of the calls,, some real...

Good insight and good observation. I would assume that every thread like this one has it's fair share of momentum and swing traders. At times I almost have to ignore the swing traders when I am trading maybe a 20 PIP retracement, but the difference in trading plans always makes the dialogue interesting. Plus, it is times like these that our position traders become very helpful.
  • #15,495
  • Feb 4, 2010 12:02pm Feb 4, 2010 12:02pm
Quoting Clouds
just my 2 cents, u dont have have a target in mind, just a SL where u think it 'won't' go.

shorted some silver off break of 16 support
Good point if your SL is a moving trailing stop.
  • #15,496
  • Feb 4, 2010 12:02pm Feb 4, 2010 12:02pm
Quoting Ducci
H7,

I have been really interested in using geometric charting especially Andrew's Fork to manage my exits and confirm my entries. I have Andrew's Fork as a tool, but I am not skilled at plotting it yet. Any suggestions on where I might learn? Thanks in advance
Hi Ducci,

You can start at a thread right here on FF - it's not very active but does contain some nice examples and explications

Another source of information can be found here
  • #15,497
  • Feb 4, 2010 12:03pm Feb 4, 2010 12:03pm
Quoting Ducci
Good point if your SL is a moving trailing stop.
or a manual trailing stop. better move them yourself to put above resistance
  • #15,498
  • Feb 4, 2010 12:10pm Feb 4, 2010 12:10pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-7.gif Size: 18 KB
  • #15,499
  • Feb 4, 2010 12:17pm Feb 4, 2010 12:17pm
Quoting Hell7
Hi Ducci,

You can start at a thread right here on FF - it's not very active but does contain some nice examples and explications

Another source of information can be found here
I appreciate the links. I noticed one person has a blog also. I will have to check it out.
  • #15,500
  • Feb 4, 2010 2:38pm Feb 4, 2010 2:38pm
resistance at .8675 i guess
155 traders viewing now