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AUD/USD

  • #23,721
  • Sep 29, 2010 5:51am Sep 29, 2010 5:51am
Quoting mrbandwidth
I totally agree, and where's the next cluster of stops? .9870 -> historical top
There's also a ton of stops on the downside considering that practically all of the market is long AUD based on CFTC data.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #23,722
  • Sep 29, 2010 5:58am Sep 29, 2010 5:58am
This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I don't trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. I don't expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd - weeklyytrend.gif Size: 18 KB
Click to Enlarge Name: audusd -dailytrend.gif Size: 17 KB
  • #23,723
  • Sep 29, 2010 6:05am Sep 29, 2010 6:05am
Quoting rahulkghosh
There's also a ton of stops on the downside considering that practically all of the market is long AUD based on CFTC data.
I agree with this statement. There is no denying that there is more money to be made on stops to the downside than on the upside. Everyone is now waiting for the .9850 level to go short. I have seen time and time again the market turn before it gets to the psycho level everyone expects just to get more people to go long and fade into that. Looking to get short around .9760.
  • #23,724
  • Sep 29, 2010 6:22am Sep 29, 2010 6:22am
I just stick to my bad habit. I sell every rally.
And Soros mention that gold will fall soon so I anticipate the AUD will follow too.. I dont know why I behave this way

http://www.thestreet.com/story/10861...ld-bubble.html
  • #23,725
  • Sep 29, 2010 6:55am Sep 29, 2010 6:55am
The trend is my friend.......still long here from 0.9460
I'm thinking I should celebrate when it hits 0.9770 :-) Thank you Mr Trend you have been a very good friend!
  • #23,726
  • Sep 29, 2010 7:21am Sep 29, 2010 7:21am
Quoting usapgapro
I agree with this statement. There is no denying that there is more money to be made on stops to the downside than on the upside. Everyone is now waiting for the .9850 level to go short. I have seen time and time again the market turn before it gets to the psycho level everyone expects just to get more people to go long and fade into that. Looking to get short around .9760.
u r sooo right ,, market always turns before a popular short level ,, i never seen a market get to a level that everyone is expecting to short from , sometimes it turns down 20 pips away from it
i ll sell on the approach of 98 and will add if it gets there
  • #23,727
  • Sep 29, 2010 7:30am Sep 29, 2010 7:30am
Quoting Jesus4forex
u r sooo right ,, market always turns before a popular short level ,, i never seen a market get to a level that everyone is expecting to short from , sometimes it turns down 20 pips away from it
i ll sell on the approach of 98 and will add if it gets there

well i'd imagine a lot of people that are long will be looking to take profit a little bit before the record high.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #23,728
  • Sep 29, 2010 7:30am Sep 29, 2010 7:30am
Quoting Jesus4forex
u r sooo right ,, market always turns before a popular short level ,, i never seen a market get to a level that everyone is expecting to short from , sometimes it turns down 20 pips away from it
i ll sell on the approach of 98 and will add if it gets there
What a load of crap! What if it breaks the level and go higher?...
  • #23,729
  • Sep 29, 2010 8:10am Sep 29, 2010 8:10am
n look at gold..seller already coming........
Attached Image (click to enlarge)
Click to Enlarge Name: gold.JPG Size: 100 KB
  • #23,730
  • Sep 29, 2010 8:15am Sep 29, 2010 8:15am
grashid,

which program was that ? can it be downloaded ? works on mt4 ?
  • #23,731
  • Sep 29, 2010 8:16am Sep 29, 2010 8:16am
Quoting grashid
n look at gold..seller already coming........
US session is coming..they are buyers..
  • #23,732
  • Sep 29, 2010 8:21am Sep 29, 2010 8:21am
Quoting shanem
grashid,

which program was that ? can it be downloaded ? works on mt4 ?
which one?
  • #23,733
  • Sep 29, 2010 8:25am Sep 29, 2010 8:25am
the program used for the gold chart or was it an indicator ? can it be downloaded ?
  • #23,734
  • Sep 29, 2010 8:26am Sep 29, 2010 8:26am
Watch out:
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.jpg Size: 206 KB
Use me as a contrarian indicator
  • #23,735
  • Sep 29, 2010 8:31am Sep 29, 2010 8:31am
Quoting shanem
the program used for the gold chart or was it an indicator ? can it be downloaded ?
its is the arrow? mm some one asking b4...

anyway here u go..can install in any MT4...

p/s : use in higher T/F like H4 and above for intra....unless scalping use in M15...

good luck

g
Attached File(s)
File Type: ex4 Sweet Spot Finder v3.4.ex4   10 KB | 323 downloads
  • #23,736
  • Sep 29, 2010 8:40am Sep 29, 2010 8:40am
thanks mate
  • #23,737
  • Sep 29, 2010 8:42am Sep 29, 2010 8:42am
Quoting shanem
thanks mate
np n am going to out..for a while

good luck

g
Attached Image (click to enlarge)
Click to Enlarge Name: audu.JPG Size: 6 KB
  • #23,738
  • Sep 29, 2010 10:43am Sep 29, 2010 10:43am
9766 aim --> long entry 2day at 9704
Hero calls followed by margin calls...
  • #23,739
  • Sep 29, 2010 10:52am Sep 29, 2010 10:52am
Quoting grashid
n look at gold..seller already coming........
grashid,mate does this indicator really work for u? which time frame is best suited for short term and medium term trading and which currency? plz expalian how to use it.

thanks

sachin
  • #23,740
  • Sep 29, 2010 1:36pm Sep 29, 2010 1:36pm
Quoting grashid
its is the arrow? mm some one asking b4...

anyway here u go..can install in any MT4...

p/s : use in higher T/F like H4 and above for intra....unless scalping use in M15...

good luck

g
This indy repaint?
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