DislikedNormally I will short AUD based on intra-day trend line but Greece is likely to get the deal and announce it this weekend and make Moody reluctant to downgrade its debt; China also didn't announce to re-valuate Yuan they usually didn't work on weekend given a big Expo there; and AUD interest rate is also likely to increase next week if Greece was rescued. Moreover I can earn interest on keeping long AUD, I will keep the position until rate decision is made. I'm betting on a gap up on the opening but scare of EUR cuz if the gap go down i will get...Ignored
- #21,528
- May 3, 2010 3:51am May 3, 2010 3:51am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi guys, i don't understand most of the people here on this thread why they try to predict the market's behaviour; wether the price will go this high or this low? this is the main reason why most of the traders loss and because they always massages their ego. why can't anybody just simply pay more attention on the chart and let the market or price action tell you where is she currently heading... beware, nobody can outsmart the market for she's alive 
try to feel her and go with the flow my fellow traders.
what is china gotta do with aud/usd pair's behaviour? it may or maynot be affected by it, so my advice to all of you here, be cautious and be quick to react if the market is giving you signals - enter or exit. once earning profits, always be quick and sharp, don't let the market take it back from you.
if there's a lot of news releases coming shortly, i suggest you exit all trades or you can leave 1 position (small) to feel the market if it is still moving towards your direction and when wrong, don't think twice (let go of ego) EXIT! trading the news for me is gambling
Trade well and you will be rewarded with a good life trade with ego and you will end up in the sewer... only time can tell.
happy pipping to all
try to feel her and go with the flow my fellow traders. what is china gotta do with aud/usd pair's behaviour? it may or maynot be affected by it, so my advice to all of you here, be cautious and be quick to react if the market is giving you signals - enter or exit. once earning profits, always be quick and sharp, don't let the market take it back from you.
if there's a lot of news releases coming shortly, i suggest you exit all trades or you can leave 1 position (small) to feel the market if it is still moving towards your direction and when wrong, don't think twice (let go of ego
) EXIT! trading the news for me is gambling Trade well and you will be rewarded with a good life
trade with ego and you will end up in the sewer... only time can tell.happy pipping to all
Success consists of going from failure to failure without loss of enthusiam
- #21,529
- May 3, 2010 3:52am May 3, 2010 3:52am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #21,530
- May 3, 2010 3:54am May 3, 2010 3:54am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
I am going to wait 24 hours after the rate announcement before I touch this pair.
Right now, I havn't got a clue.
go for 4 hours and 1 hour to get the main trend and pull down 15 minute chart to see current trend and use 5 minute window to see opportunity to enter with less risk and high profitability position. just my 2 cents
Success consists of going from failure to failure without loss of enthusiam
- #21,531
- May 3, 2010 3:55am May 3, 2010 3:55am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #21,532
- May 3, 2010 4:01am May 3, 2010 4:01am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #21,533
- May 3, 2010 4:06am May 3, 2010 4:06am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
hey Jesus mate, how are you my friend. so what's your call for thonight it's been quite sometime are you long tonight?
it's been quite sometime are you long tonight?
Success consists of going from failure to failure without loss of enthusiam
- #21,534
- May 3, 2010 4:08am May 3, 2010 4:08am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #21,535
- May 3, 2010 4:31am May 3, 2010 4:31am
hey Jesus mate, how are you my friend. so what's your call for thonight
well ,, before the big news tomorrow i m so caustious and trying to stay neutral ,, i think 2 scenarios might happen ,,, they might not hike which os bearish and they might hike with the tone that there r very close or at the normal rates , and thats bearish too ,, or they might hike with a hawkish tone and thats a bit unlikely to me
i noticed the last 2 month that before the news comes out there is a range of 60-75 pips where the AUD consolidate into before the news hits ,, i think we have seen most of the range and it might consolidate a bit
in general ,, i m a bit bearish after it broke down the multi week trend line and i wont be bullish till it breaks it up
u wanna a good trade
then just short of 9270-80 with 9290 stop loss ,, i did so ,, cause its more smart to short of a very importante key level than long on a regular price level ,, specially after it broke down from the multi week trend line
enjoy my friend
- #21,538
- May 3, 2010 5:01am May 3, 2010 5:01am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
hey m8 ,,
well ,, before the big news tomorrow i m so caustious and trying to stay neutral ,, i think 2 scenarios might happen ,,, they might not hike which os bearish and they might hike with the tone that there r very close or at the normal rates , and thats bearish too ,, or they might hike with a hawkish tone and thats a bit unlikely to me
i noticed the last 2 month that before the news comes out there is a range of 60-75 pips where the AUD consolidate into before the news hits ,, i think we have seen most of the range and it might consolidate...
my bias is the same too... i can see a very strong bears waking up and they will be in the arena soon i just close my position and that's it for me for now until tomorrow's news from RBA. Cheers my friend
Success consists of going from failure to failure without loss of enthusiam