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AUD/USD

  • #20,941
  • Apr 6, 2010 9:47am Apr 6, 2010 9:47am
Quoting puks
what if employment numbers are bad?
Aus. or U.S? Aus bad then A/U goes down but what if bad unemployment claims in U.S? Then A/U goes up. What if the Fed raises the discount rate? It goes down.

This is the problem this week. Too much important news. Nothing but whipsaw and angry traders like you and me that didn't stand to the side. I'd rather protect my cash and scalp after each news comes out.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,942
  • Apr 6, 2010 10:09am Apr 6, 2010 10:09am
Quoting Saxon
Hey OvT,
Where you been? I just gave up on fundamentals for today's session and am just using significant S/R levels. I have USD/CHF and GBP/USD up on M30 windows. GBP was pushing on the S/R and volumes/st dev kicked up and drove it though. AUD I probably wont trade today since the news and an overheated market. Europe is following S/R well and if PA comes back up to test GBP then I will place a limit to catch some downside bounce. AU and AN are in outerspace right now. AU is on my 92510 S/R. If it pushes through I don't know where it will go. Amy...
the market bored me out lol so i had some rest
came back later and caught two little short and long positions, just for some pips

i hope your short TPed before it bounced back up now, might challenge 9250 again

ya i can't make sense of it too except that 9251 R is significant we shall see

perhaps i'll have a look at g/u later and share some charts, if i can make sense of it
  • #20,943
  • Apr 6, 2010 10:14am Apr 6, 2010 10:14am
Quoting MarcVUM
Aus. or U.S? Aus bad then A/U goes down but what if bad unemployment claims in U.S? Then A/U goes up. What if the Fed raises the discount rate? It goes down.

This is the problem this week. Too much important news. Nothing but whipsaw and angry traders like you and me that didn't stand to the side. I'd rather protect my cash and scalp after each news comes out.
that's a pretty safe and collected stance you have again, something to learn from you

i too think 9250 will not hold (looks like another challenge now), but perhaps because of these news she might go back and forth the previous TL (like she already did) and the yet to be broken R, minimising the accuracy of tech
  • #20,944
  • Apr 6, 2010 10:27am Apr 6, 2010 10:27am
Quoting OvT
that's a pretty safe and collected stance you have again, something to learn from you

i too think 9250 will not hold (looks like another challenge now), but perhaps because of these news she might go back and forth the previous TL (like she already did) and the yet to be broken R, minimising the accuracy of tech
I'm even waiting for clear signals on G/U because of the U.S news coming out. The economy is far worse in the U.S than the govt and media are leading the public to know.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,945
  • Apr 6, 2010 10:33am Apr 6, 2010 10:33am
@Racer: thank for your answer. I agreed with you that I forgot the Spead. ^_^

Have a nice day!
  • #20,946
  • Apr 6, 2010 10:34am Apr 6, 2010 10:34am
Quoting MarcVUM
I'm even waiting for clear signals on G/U because of the U.S news coming out. The economy is far worse in the U.S than the govt and media are leading the public to know.
yah it's irritating how the media is manipulating the people

i think R will be broken, amy was right, i longed at 9238 earlier, will ride this as far as i can
  • #20,947
  • Apr 6, 2010 10:58am Apr 6, 2010 10:58am
Quoting Racer
maybe you missed spread, the ask line must reach your buy limit.
perhapes ,because of the pip that forexcompany gives you,

or ask the manager.
  • #20,948
  • Apr 6, 2010 11:42am Apr 6, 2010 11:42am
Quoting OvT
yah it's irritating how the media is manipulating the people

i think R will be broken, amy was right, i longed at 9238 earlier, will ride this as far as i can
didn't happen, volume and movements are slower now, will stand back again
  • #20,949
  • Apr 6, 2010 1:59pm Apr 6, 2010 1:59pm
It broke through the resistance...will we see a true bull break out? I keep saying this is the top this is it yet it keeps going higher....
Former Trader Of the Year of the 95% losing club! Retired
  • #20,950
  • Apr 6, 2010 3:09pm Apr 6, 2010 3:09pm
I think this pair is looing to break resistance and we might see 9350 in asia today.
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd.gif Size: 28 KB
  • #20,951
  • Apr 6, 2010 3:27pm Apr 6, 2010 3:27pm
Quoting pash78
I think this pair is looing to break resistance and we might see 9350 in asia today.
i don't think so it can make it but first it has to go down till 9240 and then go up but let see how it goes if it goes up and make high without correction then it will drop

Ub
  • #20,952
  • Apr 6, 2010 5:00pm Apr 6, 2010 5:00pm
Here is my chart for now. I am placing limits around key S/R. Tight SLs
Attached Image (click to enlarge)
Click to Enlarge Name: tech.jpg Size: 203 KB
  • #20,953
  • Apr 6, 2010 5:03pm Apr 6, 2010 5:03pm
Quoting Saxon
Here is my chart for now. I am placing limits around key S/R. Tight SLs
I have the limits around 4 pips past each S/R with a SL around 10 pips I think. If the distance traveled to S/R is great, I will lengthen the SL. No TPs, all mental. Since I have no direction for AUD right now, I am just relying on S/R and MAs.
  • #20,954
  • Apr 6, 2010 5:24pm Apr 6, 2010 5:24pm
In the meantime, UJ is coming to significant S/R ~93.63 May bounce. I have an order right on 93.63 with a tight stop. Might be another opportunity to make a few pips in the downtime. Also, again, watch MAs. I use 200, 100 and 50, all Simples.
  • #20,955
  • Apr 6, 2010 5:34pm Apr 6, 2010 5:34pm
Quoting Saxon
In the meantime, UJ is coming to significant S/R ~93.63 May bounce. I have an order right on 93.63 with a tight stop. Might be another opportunity to make a few pips in the downtime. Also, again, watch MAs. I use 200, 100 and 50, all Simples.
Here is a chart on that JPY tade.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.gif Size: 59 KB
  • #20,956
  • Apr 6, 2010 5:37pm Apr 6, 2010 5:37pm
Quoting Saxon
Here is a chart on that JPY tade.
Also, Golden Rule, never trade blindly off someone else's advice. Always do your own anaylsis and be comfortable with it on your own. The above were just my trade. JPY could be setting up a triangle and could just as easily plow through.
  • #20,957
  • Apr 6, 2010 6:11pm Apr 6, 2010 6:11pm
TP number 2 hit at 9278 last night. aud should continue up to around 9309 today, maybe higher. Weekly says 9406 in Q2 which matches the Nov 09 high, could be a turning point, expecially if it matches 1200 on the S&P.
  • #20,958
  • Apr 6, 2010 6:19pm Apr 6, 2010 6:19pm
Quoting Saxon
Here is my chart for now. I am placing limits around key S/R. Tight SLs

Hi Saxon, did you change your trading method? I remember you used indicator based approach. I think you will find S/R more practical, at least you can set limit orders and leave your station from time to time.
  • #20,959
  • Apr 6, 2010 6:24pm Apr 6, 2010 6:24pm
Quoting amyc
TP number 2 hit at 9278 last night. aud should continue up to around 9309 today, maybe higher. Weekly says 9406 in Q2 which matches the Nov 09 high, could be a turning point, expecially if it matches 1200 on the S&P.

Well done.
  • #20,960
  • Apr 6, 2010 6:25pm Apr 6, 2010 6:25pm
Quoting pash78
I think this pair is looing to break resistance and we might see 9350 in asia today.
I agree I think .9300 will break today
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