AUD/USD | Page 787 | 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

  • #15,721
  • Feb 8, 2010 7:48pm Feb 8, 2010 7:48pm
I vote for Clouds!!
  • #15,722
  • Feb 8, 2010 7:50pm Feb 8, 2010 7:50pm
Quoting Petar_Serbia
Gucc for president Only one person on my side lol


Cheers
Don't worry brother I'm on your side as well I trade both long and short and make pips both ways not just wait for short entry's
  • #15,723
  • Feb 8, 2010 7:52pm Feb 8, 2010 7:52pm
Peter,

It is likely something is getting lost in our communication. You said, 5 minutes is history not to count on. We must look at now not history.

I understand trading like that. I ran a trading operation where a 10 tick chart was considered slow. Every price correction was traded.

But I do not understand, how history (minutes, hours or days) is meaningless when trading longer TF charts. As the TF your trading seems to be in direct conflict with your comments. As I said, something must be getting lost in the conversation.

My comment on loss was....

I had though you where long and with an hours worth of price dropping, assumed you would go with the current price, as you said 5 mins ago does not matter. If that were the case, you would not be long while price drops. This is the point of confusion.

Further, I don't think it possible that the price action over the last 2 days, without history supporting it is possible.
BR

Quoting Petar_Serbia
lol,i trade long term i am long from yesterday and now i am minus about 30 pips...Why you thinking i lost pips lol
  • #15,724
  • Feb 8, 2010 7:53pm Feb 8, 2010 7:53pm
Quoting Daytrader74
Don't worry brother I'm on your side as well I trade both long and short and make pips both ways not just wait for short entry's


Thanks now i have 3 guys on my way
Attached Image
"Buy on fear, sell on greed !!!
  • #15,725
  • Feb 8, 2010 7:56pm Feb 8, 2010 7:56pm
Quoting Petar_Serbia
I have just one question for you my frined,wich is trend on AUDUSD ?
I'm not trying give u a hard time , either, but AUD/USD was bearish 3 months in a row , and 3 weeks in a row. If you want those type of odds stacked against you, fine. Sure it's possible we'll get a correction, but what are the odds.
  • #15,726
  • Feb 8, 2010 7:57pm Feb 8, 2010 7:57pm
Short 0,8700 , sl 0.8735 , tp 0.8400
second short 0.8670 ,, sl 0.8735 tp. 0.8400
and another one short 0.8645 , sl 0.8735 , tp 0.8400
Tiny Polar Bear from Poland
  • #15,727
  • Feb 8, 2010 7:58pm Feb 8, 2010 7:58pm
Petar,

The Month, week, yesterday, 720, 360, 240 and 120 min charts were down when I took my trades. Down = lower highs and lower lows. I give additional weight to where on the bar the close is. 1/2 and up and 1/2 and down carry meaning for me.

Which were at the high of the price channel.

If your asking about now. After dinner I will pop you a pic.

BR

Quoting Petar_Serbia
I have just one question for you my frined,wich is trend on AUDUSD ?
  • #15,728
  • Feb 8, 2010 8:00pm Feb 8, 2010 8:00pm
Quoting Petar_Serbia


Thanks now i have 3 guys on my way

....there is 4 guys on the picture! I'm long also with you...
  • #15,729
  • Feb 8, 2010 8:01pm Feb 8, 2010 8:01pm
Looks like we're going up before down, 1.3755 on the eu which will put au close to 8750 I would imagine
  • #15,730
  • Feb 8, 2010 8:02pm Feb 8, 2010 8:02pm
Quoting Big1red9
Peter,

It is likely something is getting lost in our communication. You said, 5 minutes is history not to count on. We must look at now not history.

I understand trading like that. I ran a trading operation where a 10 tick chart was considered slow. Every price correction was traded.

But I do not understand, how history (minutes, hours or days) is meaningless when trading longer TF charts. As the TF your trading seems to be in direct conflict with your comments. As I said, something must be getting lost in the conversation.

My comment...
Guys lol you are beginers or ? YOu will always have 2 trends in same moment,if you look daily 10 candles before is down (down trend) if you look large pictutre main trend is UP...As i said when you undestand that you will can make good profits,this is just my advice...

Cloudes

i dont think this is corection,first 2 good pins on majory MA and good sup line...
Attached Image (click to enlarge)
Click to Enlarge Name: audusdtrend.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #15,731
  • Feb 8, 2010 8:04pm Feb 8, 2010 8:04pm
Fellas, lets not anyone "take sides" this is a forum. Clouds is my homie, I like your analysis too. Lets just read and try and learn a lil bit. So much hostility in this forum lol.

Donnie

Oh, I'm short from 5620 still from earlier. We'll see how it goes. I see some resistance @ about 5607 currently.

I'll post a chart when I get home from work, I should be off within an hour or so.

Take care guys and lets make some pips tonite(long or short we can all scalp)

Edit: LOL I thought this was the GU thread. I am also short AU tho, lol. From 8673.
  • #15,732
  • Feb 8, 2010 8:15pm Feb 8, 2010 8:15pm
Quoting Petar_Serbia
Guys lol you are beginers or ? YOu will always have 2 trends in same moment,if you look daily 10 candles before is down (down trend) if you look large pictutre main trend is UP...As i said when you undestand that you will can make good profits,this is just my advice...

Cloudes

i dont think this is corection,first 2 good pins on majory MA and good sup line...
Why didn't you include 2008? I don't really think the trend is up anymore.

Attached Image
  • #15,733
  • Feb 8, 2010 8:20pm Feb 8, 2010 8:20pm
Sure and thank you.

No idea how much more I can stuff in my brain.

Quoting shahab8b
thanx for the reply,
I look at every trade like a bet (like betting on a football team for example) , if you have a high probabilty pattern (let's say 66%-75%) , and you get a good odds( good RRR, 1:1 or better) you are set. there is a guy who calculated so many chart patterns probability, if you like I can send you the ebook.
  • #15,734
  • Feb 8, 2010 8:22pm Feb 8, 2010 8:22pm
Quoting Clouds
Why didn't you include 2008? I don't really think the trend is up anymore.

Attachment
Lol,its ok my frined i just try to help you guys but obviusly dont undestand...You will always have 2 trend in same moment...Price action with averages and ocilators is what i use...If you see picture 99 % is safer to trade long...All four averages is UP and Price retrace 2 times from one of the main average,that is weakness for next few days....


Cheers and trade safe with "trend"
"Buy on fear, sell on greed !!!
  • #15,735
  • Feb 8, 2010 8:24pm Feb 8, 2010 8:24pm
Quoting Petar_Serbia
Lol,its ok my frined i just try to help you guys but obviusly dont undestand...You will always have 2 trend in same moment...Price action with averages and ocilators is what i use...If you see picture 99 % is safer to trade long...All four averages is UP and Price retrace 2 times from one of the main average,that is weakness for next few days....


Cheers and trade safe with "trend"

clouds cant understand why he loss,if he trade with the trend ... how can you make money if you trade against the trend ?? is that possible..
  • #15,736
  • Feb 8, 2010 8:26pm Feb 8, 2010 8:26pm
Quoting Petar_Serbia
Lol,its ok my frined i just try to help you guys but obviusly dont undestand...You will always have 2 trend in same moment...Price action with averages and ocilators is what i use...If you see picture 99 % is safer to trade long...All four averages is UP and Price retrace 2 times from one of the main average,that is weakness for next few days....


Cheers and trade safe with "trend"
If you're system tells you to go long, do it.
Just wasn't sure what you're reasoning was. I've seen you post many charts , shorting GJ and EJ, and all were good. Just trying to put some input. I'd rather get stopped out going with trend, than going against it.
Good luck.
  • #15,737
  • Feb 8, 2010 8:26pm Feb 8, 2010 8:26pm
To me it is failrly clear.

Peace

I wish you well in your trading,
BR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 38 KB
Click to Enlarge Name: 1.JPG Size: 43 KB
Click to Enlarge Name: 2.JPG Size: 52 KB
Click to Enlarge Name: 3.JPG Size: 56 KB
Click to Enlarge Name: 4.JPG Size: 88 KB
  • #15,738
  • Feb 8, 2010 9:13pm Feb 8, 2010 9:13pm
Still has bearish bias...8864 8877 is sell zone but 8864 should cap the run as this is the point it becomes bullish or bearish..
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 20 KB
  • #15,739
  • Feb 8, 2010 9:16pm Feb 8, 2010 9:16pm
think we will hit 87 plus today
  • #15,740
  • Feb 8, 2010 9:33pm Feb 8, 2010 9:33pm
So the newer trader is not lost in the controversy, I attach a chart. In this case the TF is 360 mins. It does not need to be that TF, it was handy, I use the longer TF chart to determine if I have an interest in trading a pair and then a 20,10 and 5 for setups and tick, second or 1 min chart for my trigger.

As I view AUD right at this moment, it is moving sideways, with more risk going long than short. The risk is close, because, to short now, could have price come back against me (from 8700 to 8800) and to go long has the weight of the main trend on me. However I have taken a number of shorts in the 8700 area and would not have considered a long.

What I look for and avoid and how I view the risk of taking on a trade is in the picture. I have other Quant systems that generate price points, but the picture gives a general idea of what I seek in terms of price location.

I don't take on any trade and bail if a stop is hit. I expect each trade to generate a profit. I invest a lot of time and risk capital to select my trades. Each trade has a trading plan before I begin and the plan is altered based on reality. I expect high and consistent pip generation. I manage to a daily pip capture. Some days I sleep more than others.

I do not use stops and in 25 years plus in trading, never been hurt by that single fact. That is because my trades start off with the highest probable result to begin with and I am married to my trade until it is closed.

If you have any questions to learn, I will be happy to answer. I will not debate this being right and some other method wrong, that is silly. All one needs to do is look at a price bar in single tick form to understand what I am saying. Price moves up and down in the creation of a bar - no matter if the the trend is up or down.

As I have said over and over... FOR ME I prefer the lower risk trade and to be selective. This gives me a very high success rate, high returns and peace of mind. That does not mean one can not make money trading long and short. I don't think it is worth the added risks.


For me this works.

Happy Trading
Attached Image (click to enlarge)
Click to Enlarge Name: 3.JPG Size: 161 KB
126 traders viewing now