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AUD/USD

  • #16,301
  • Feb 12, 2010 2:17am Feb 12, 2010 2:17am
Quoting Daytrader74
I'm going 5 lots @0.8895
what is a 'lot' to you?
just curious
cause mini lot are
10,000
standard lot are
100,000
  • #16,302
  • Feb 12, 2010 2:23am Feb 12, 2010 2:23am
Quoting Clouds
what is a 'lot' to you?
just curious
cause mini lot are
10,000
standard lot are
100,000
100,000
  • #16,303
  • Feb 12, 2010 2:28am Feb 12, 2010 2:28am
Quoting Daytrader74
100,000
wow, u da man
  • #16,304
  • Feb 12, 2010 2:29am Feb 12, 2010 2:29am
Quoting Clouds
wow, u da man
? why you say that ?
  • #16,305
  • Feb 12, 2010 2:30am Feb 12, 2010 2:30am
Quoting Daytrader74
? why you say that ?
u went short 5 lots, that's a lot for me
5k/100 pips
  • #16,306
  • Feb 12, 2010 2:34am Feb 12, 2010 2:34am
Exiting the rest of my shorts here.

We are probably going higher than the current daily high to short.
  • #16,307
  • Feb 12, 2010 2:34am Feb 12, 2010 2:34am
Quoting Clouds
u went short 5 lots, that's a lot for me
5k/100 pips
Yeah well I'm only in this one for a short time will close it before US session unless my chart tells me otherwise
  • #16,308
  • Feb 12, 2010 2:42am Feb 12, 2010 2:42am
Quoting sinner-
Exiting the rest of my shorts here.

We are probably going higher than the current daily high to short.

Wow u guys are the big timers
for me 2 mini lots is good enough
let see how this one plays out

Short .8892 with SL @ .8930 TP @ .8810

keepin my fingers crossed

have a great lunar new year
  • #16,309
  • Feb 12, 2010 2:42am Feb 12, 2010 2:42am
the only real support i see is .88, and minor support at .8840
  • #16,310
  • Feb 12, 2010 2:58am Feb 12, 2010 2:58am
Is there any doubt we are now in an uptrend over the next couple of weeks?

Maybe some scalping opportunities on small movements in either direction.. even the US market is set to be fairly uneventful so it's currently in a holding pattern.

My usual modus operandi is 3 lots and waiting for the big movements. In this market it is just not worth it. I wouldn't get out of bed to piss for these small 10 pip swings.
  • #16,311
  • Feb 12, 2010 3:00am Feb 12, 2010 3:00am
Quoting Squarepants
Is there any doubt we are now in an uptrend over the next couple of weeks?
why do u think so?
  • #16,312
  • Feb 12, 2010 3:05am Feb 12, 2010 3:05am
Quoting Squarepants
Is there any doubt we are now in an uptrend over the next couple of weeks?

Maybe some scalping opportunities on small movements in either direction.. even the US market is set to be fairly uneventful so it's currently in a holding pattern.

My usual modus operandi is 3 lots and waiting for the big movements. In this market it is just not worth it. I wouldn't get out of bed to piss for these small 10 pip swings.


You want pips, go trade a volatile pair. You want %, AUDUSD is one of the higher % rangers.
  • #16,313
  • Feb 12, 2010 3:22am Feb 12, 2010 3:22am
My thoughts are that in the NY session the DOW will drop, All my charts point towards it. I have been waiting for today for 2 weeks. Next session ( next week) should follow. I went heavily short on Dow from 1152, closed some at 1125, but just added more at 1137. SL 1170. I translated the same to AUD and went short after closing 2 lots my average now is 8905.
Find a job that you love and you dont have to work again in your life.
  • #16,314
  • Feb 12, 2010 3:25am Feb 12, 2010 3:25am
Quoting Squarepants
Is there any doubt we are now in an uptrend over the next couple of weeks?
Even though the weekly candle is bullish, and it may 'appear' it's going up again, My view is AUD/USD is in a down trend, and this is a rally to sell into.

Good luck
  • #16,315
  • Feb 12, 2010 3:30am Feb 12, 2010 3:30am
Quoting Clouds
why do u think so?
Two reasons: Firstly there has been enough positive news lately to cause a shift in sentiment. Secondly the chart supports a rebound to 9100 based on the channel it's been making over the last 3 months.

Quoting Clouds
You want pips, go trade a volatile pair. You want %, AUDUSD is one of the higher % rangers.
So you mean it has lower short-term volatility but higher long-term? I tend to agree. But it was not always this way, used to have most days around 80 pips movement. Perhaps AUD is better for 'set & forget' but I still get brown pants holding large paper losses even when I know without a doubt where the pair is headed long term.
  • #16,316
  • Feb 12, 2010 3:36am Feb 12, 2010 3:36am
Quoting Squarepants
Two reasons: Firstly there has been enough positive news lately to cause a shift in sentiment. Secondly the chart supports a rebound to 9100 based on the channel it's been making over the last 3 months.
Channels rarely last. My chart says sell. I am not a fundamental trader.
If I do get stopped out, I'll re-enter higher.

Attached Image
  • #16,317
  • Feb 12, 2010 3:40am Feb 12, 2010 3:40am
Quoting Clouds
Channels rarely last. My chart says sell. I am not a fundamental trader.
If I do get stopped out, I'll re-enter higher.

Attachment
Fundamentals do not agree with buying.

Only greed.
  • #16,318
  • Feb 12, 2010 3:41am Feb 12, 2010 3:41am
Going to go have a little nap, can someone please shout out when we get to
0.8850 Thanks and good luck
  • #16,319
  • Feb 12, 2010 3:45am Feb 12, 2010 3:45am
Quoting tradoholic
My thoughts are that in the NY session the DOW will drop, All my charts point towards it. I have been waiting for today for 2 weeks. Next session ( next week) should follow. I went heavily short on Dow from 1152, closed some at 1125, but just added more at 1137. SL 1170. I translated the same to AUD and went short after closing 2 lots my average now is 8905.
My chart setups indicate the same, I don't get a better short setup during a downtrend than what i have now on the US indicies. Still holding 6 shorts from 1146 on S&P added 5 more at 1079 this morning, looking for a move to 1026 over the next few sessions.
  • #16,320
  • Feb 12, 2010 3:45am Feb 12, 2010 3:45am
Quoting Squarepants
Two reasons: Firstly there has been enough positive news lately to cause a shift in sentiment. Secondly the chart supports a rebound to 9100 based on the channel it's been making over the last 3 months.

I'd like see the channel you see also, cause i see it respecting the bottom of the channel, but not the top, only resistance (for certain) i see is 9320
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