AUD/USD

I love your post Mike. It looks like fundamental overriding news is coming into play. This pair was over extended so now we can look for the fall to stretch the ATR. Ill bet when OE2 in November comes back into the news we get retracting back up but I have a feeling your right with the parity remark. I will be looking for swing trades down on retracement's that are very close to what your looking at. I have a small test short that was put in just under parity.

Though this week has just begun, possible Evening Star at weekly chart...

Hi Guys will you explain/help explain to me why I made Sell limit and Buy limit (EURAUD) with MT4 platform and hit the TP but it didn't gave a profit (sorry newbie here) this is the data taken from my Account History (arrange in collumn below).

Date Oct 13 2010 08:11 SELL SHORT
Type: Sell Limit (EURAUD)
Price: 1.41680 (my entry price)
S/L : 1.41801
T/P : 1.41247
Price: 1.40790
Profit:(at this collumn its none, no number/no profit in trade/account history).
My question/as far as I know is why not I got 43.3 pips (1.41680-1.41247 = 0.00433 or 43.3 pip). The other trade that I made is this (below)

Date Oct 12 2010 06:00 SELL SHORT
Type: Sell Limit (EURAUD)
Price: 1.41520 (my entry price)
S/L : 1.41580
T/P : 1.41210
Price: 1.40710
Profithttp://cdn.forexfactory.com/images/smilies/yim/sad.gifat this collumn its none, no number/no profit in trade/account history).
My question/as far as I know is why not I got 43.3 pips (1.41520-1.41210 = 0.00300 or 30.0 pip). another trade that I made is this (below)


Date Oct 12 2010 15:56 BUY LONG
Type: Buy Limit (EURAUD)
Price: 1.40584 (my entry price)
S/L : 1.40515
TP : 1.40809
Price: 1.41045
Profit: (at this collum its alos none, no number/no profit in trade/account history collumn).

My question/as far as I know is why not I got 43.3 pips (1.40809-1.40584 = 0.00225 or 22.5 pip).

Am I cheated by brkr or just missed and forgot/don't know to close by moving the S/L manually when it hit the target (TP)? don't MT4 suppose to close automatically when price hit/cross below/above TP (for short/long)?? ....Bad MT4 platform perhaps or just I am not/don't know how to close the trade...anyway I lost 95.8 pips for 1 lot trade..please help explain me.....those of U're Forex Professors.. Thanks a lot.


6577AAE2-D5A8-1A9D-A678-7D8A0C96B94F
1.02.28

Did the price hit your SL before it turned around?

I wanted to make sure I came back to congratulate you on that great call. pqt, congrats!

Thanx. The pleasure is mine!

this is going today? It might break .9700......

This swing was slightly longer than anticipated, I am waiting for 9700 to be touched 9702 is the lowest its come so far and I am not going to argue over 2 pips. So my next expectaion is a move up, 2 levels are looking like possible reversal areas in price but I am not going to short until we get to the time.

.9830 possibly.

I'll be watching 9800 level closely
But there is risk price is attempting to buid a mother of a bear flag! In that case 955x should be next stop.

As per my previous predicition (back a few days), I shorted 2 full at 1.00.

Now I'm smoking cubans, drinking lagvulen and the wife is happy. I hope it continues.

Good luck everyone. Pay respect to support and resistance!!

If 955x happens, I'll go ultra-long

By the way, we have stopped (by now) at 23,60% Fibo of the super-rise since 23-Ago to 15-Oct.

23.60% Fibo = .9719

38.20% Fibo = .9540

61.80% Fibo = .9251 (Remember the nasty gap at .9260?... )

Well, a 300pips move today.
Let's see if the Asian mobs will give it the coup-de-grace tonight!

I did get a rally ontime but it was very weak 60 pips or so. Based on the evolution of the market I have re-calculated the new turn points. I am sticking to the hour chart as it gives a better RR (risk reward).

The levels shown become interesting at the purple line. As I am using cycle analysis it is possible that you get micro cycles in between that couple together and shift the market, however the next point (purple line will be a turn, if the market is moving up, expect a reversal down at the levels shown when the time is up.

See below

China would like to extend its thanks to all those fund managers who dumped their risk portfolios and gave them cheap commodity prices.

As all of you will be aware we are in October, the famous months for crashes. Today was a big down day, if like me you remember some of the previous falls, they often start out as fast falls, it seems that this is exactly what we got today 19th October 2010.

So if you are a currency trader as a lot of you are which pairs are going to storm down if the markets do go into free fall?

Well the AUDJPY is a great candidate and its broken out of that flat correction it was in, to the downside. If we are on the cusp of a big one then 55.62 or even 35.61 (yikes) is possible. Markets fall faster than they rise and this could be a great time to reward your broker for his dedication to you as a client by making them pay for your Christmas.

Be on your guard it looks like we are in a period for some extreme moves.

Good luck


Mike Haran

nice 9 ema bounce.

took half profits at .9684

closed it off .9687