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AUD/USD

  • #24,641
  • Oct 24, 2010 10:11pm Oct 24, 2010 10:11pm
Hello Swinger ! Hw much hv u got ? Options = TP 0.9925/0.9917 . Now is lunch time for the bulls in Asia. Better pocketed it now than never
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  • #24,642
  • Oct 24, 2010 10:26pm Oct 24, 2010 10:26pm
Quoting VennD
Hello Swinger ! Hw much hv u got ? Options = TP 0.9925/0.9917 . Now is lunch time for the bulls in Asia. Better pocketed it now than never
hehehe~~!! alraedy take profit quite sometime d. today my objecctive is to add up my profit till 100% return. i done dat, n now transferin back to my country. in other words, m now tradin usin others people money.. lol...

swing here swing there~~~~ SWING~~ N NO GAMBLE KTBHXBYEE~~
Swinger Club
  • #24,643
  • Oct 24, 2010 11:09pm Oct 24, 2010 11:09pm
Quoting lowyat82
hehehe~~!! alraedy take profit quite sometime d. today my objecctive is to add up my profit till 100% return. i done dat, n now transferin back to my country. in other words, m now tradin usin others people money.. lol...

swing here swing there~~~~ SWING~~ N NO GAMBLE KTBHXBYEE~~
With due respect, Swinger, I hv pocketed two of them and reenter another five. I just don't like the idea waiting for a trend to give 500pips a mth. Ride the waves daily is the only solution to the objective with a limited time.

The bulls are still in control. My long hvn't bn triggered yet. If that's trigger I'll bye bye u. Where's yr chart ? Show me if really ur done, please
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  • #24,644
  • Oct 24, 2010 11:46pm Oct 24, 2010 11:46pm
Quoting VennD
With due respect, Swinger, I hv pocketed two of them and reenter another five. I just don't like the idea waiting for a trend to give 500pips a mth. Ride the waves daily is the only solution to the objective with a limited time.

The bulls are still in control. My long hvn't bn triggered yet. If that's trigger I'll bye bye u. Where's yr chart ? Show me if really ur done, please
wat my chart? nothin on it except price action n indicator XD

n i dunno which way it goes coz d existin price action is no enough to temptin me XD

jus had a look at GU. price action doesnt looks too convincin. but it sure looks kinda yumyyyy....

swingngggg~~~
Swinger Club
  • #24,645
  • Oct 24, 2010 11:47pm Oct 24, 2010 11:47pm
We hit .9955. Now are we taking pips or what?

For those of you that went long at .9750, congratulations you have made 250 pips in two trading days.

Now we are positioning ourselves to hit the dollar mark as i have predicted previously.

Keep a look out for pullbacks and always take profit when your unsure. As we hit new highs again get ready to set some shorts above 1.02's.

Check in later!
  • #24,646
  • Oct 24, 2010 11:59pm Oct 24, 2010 11:59pm
I moved platforms with more digets and got in short at .99081 with a 200k lot size ? Should i hold it for a retrace ?>>> Please help me i meant to limit order .9981 !
who raped silver !
  • #24,647
  • Oct 25, 2010 12:07am Oct 25, 2010 12:07am
Quoting lowyat82
wat my chart? nothin on it except price action n indicator XD

n i dunno which way it goes coz d existin price action is no enough to temptin me XD

jus had a look at GU. price action doesnt looks too convincin. but it sure looks kinda yumyyyy....

swingngggg~~~
That's ok. Im only placing Buy Stop and Sell Stop at GU. Only two of them hd bn triggered and pocketed. But my Short at EC ...yummy..yummy . Nway Im trying to beat my monthly objective, only five days left and still short of apprxmtly 275pips to 1k pips. AU still hs too much room to the upside. I might be trapped if keep on selling. Need 7 sense to guard it. Hopefully my EC can cover any potential mistake in AU. ok..Lets ride the waves, Swinger !
  • #24,648
  • Oct 25, 2010 12:13am Oct 25, 2010 12:13am
[quote=kfx3001;4119481]I moved platforms with more digets and got in short at .99081 with a 200k lot size ? Should i hold it for a retrace ?>>> Please help me i meant to limit order .9981 ![/quote

wow that sucks,I hate when that happens, I done that myslf one time, It could retrace but the forward momentum is strong, its starting to pullback, You qould lose 1000 right now, at .9957, I give it a 50% chance we will see a pullback below .99 within next couple sessions but on the othe hand, if it breaks 1 dollar look out, because the AUD has been stalled out last couple weeks, if we break a dollar we could see 1.10 pretty fast. hard call, usually when I make a mistake I get out quickly,I learned from past mistakes that if you get into something by error and try and ride it out , you get burned, anyways good luck
  • #24,649
  • Oct 25, 2010 12:16am Oct 25, 2010 12:16am
Quoting kfx3001
I moved platforms with more digets and got in short at .99081 with a 200k lot size ? Should i hold it for a retrace ?>>> Please help me i meant to limit order .9981 !
Sorry KFX, you should have closed as soon as you realised the mistake.

No-one can really help you with the retrace. I expect one but I'll only know when I see it forming, so could be 9960 or 10160. Whether you hold depends on what your account size is and your risk tolerance.

G-Man
  • #24,650
  • Oct 25, 2010 12:23am Oct 25, 2010 12:23am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting G-Man
Sorry KFX, you should have closed as soon as you realised the mistake.

No-one can really help you with the retrace. I expect one but I'll only know when I see it forming, so could be 9960 or 10160. Whether you hold depends on what your account size is and your risk tolerance.

G-Man
Wise words. A lesson to remember.
Trade what you see, not what you think.
  • #24,651
  • Oct 25, 2010 12:45am Oct 25, 2010 12:45am
Quoting kfx3001
I moved platforms with more digets and got in short at .99081 with a 200k lot size ? Should i hold it for a retrace ?>>> Please help me i meant to limit order .9981 !

this could be your retrace right now,get rready to close you position, lol,good luck, 99.50 now
  • #24,652
  • Oct 25, 2010 12:46am Oct 25, 2010 12:46am
There're currencies wars out there, my fren. Shouldn't short AU with that kind of volume. If I am the shark , I'll eat u first before the others. AU is targeting 1.0038 but if u hv the chance on retrace , it better to lessen yr volume in AU, instead short GU @ 1.5745/20 . On average I only took 10pips on every short @ AU. If Gold going strong upside AU will follow and if Gold make sideways or whatever that is, AU will follow.
  • #24,653
  • Oct 25, 2010 12:49am Oct 25, 2010 12:49am
Quoting VennD
There're currencies wars out there, my fren. Shouldn't short AU with that kind of volume. If I am the shark , I'll eat u first before the others. AU is targeting 1.0038 but if u hv the chance on retrace , it better to lessen yr volume in AU, instead short GU @ 1.5745/20 . On average I only took 10pips on every short @ AU. If Gold going strong upside AU will follow and if Gold make sideways or whatever that is, AU will follow.
LOL,I am not shorting this,no way,i was just trying to help out someone who placed a bad trade, off one decimal point on a limit order short, he needs, 99.08 to break even,he could get it back
  • #24,654
  • Oct 25, 2010 12:59am Oct 25, 2010 12:59am
aUD dollar 99.41 and falling,nice pullback
  • #24,655
  • Oct 25, 2010 1:09am Oct 25, 2010 1:09am
For those of you that know patterns you might see this simple ABCD on the 4H chart. We had a 3 wave decline from the top could be an A wave then can be 3 or 5 waves. Should we stop here at 0.99714 and break the last candle low on the 4H that would make this a possible B wave, to be followed by a C wave which should be as long or longer than the A wave.

The red line represents where in time I expect a turn, it should be looked at as a zone for a reversal, or certaily one to keep your eyes open.

ABCD patterns work on the following ratios

100%
110%
127%
145%

there are more but it just gets silly as if you draw enough lines on a chart it will stop at one of them. So my game plan at the moment is wait. My view is if we start to turn and move lower from here (break of the last 4H low) this would also be an AB=CD at 100% level then I would short. Target would be the length of the three wave decline.

THe failure to see a reaction off the 100% level makes me glad I changed my approach to pattern trading, if you have tried ABCD pattern trading and found you just lost money, you need to time the pattern otherwise it is useless.

Good luck to you all this week

Mike Haran
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  • #24,656
  • Oct 25, 2010 1:13am Oct 25, 2010 1:13am
I will put my neck out there and say I am short 5 mini lots @.9950.

We have seen a 150pip range already, with London only open an hour. The chance of this going much higher is unlikely "on average". Only time will tell.
  • #24,657
  • Oct 25, 2010 1:21am Oct 25, 2010 1:21am
Quoting lake
LOL,I am not shorting this,no way,i was just trying to help out someone who placed a bad trade, off one decimal point on a limit order short, he needs, 99.08 to break even,he could get it back
ic...myself is clearing my shorts just now. Two still trapped below 0.9941 but thats only small lots for me. I can clear it using bigger lots on long.
  • #24,658
  • Oct 25, 2010 1:33am Oct 25, 2010 1:33am
Well ! Nobody is wrong. Either buy or sell will have it turns to collect the fruits. The only question is "WHEN" and Could our balance sustain that negative impact before we see they smile ? Every ideas is appreciated. Who knows we all can see the rational behind the moves and someone could projected the correct one.
  • #24,659
  • Oct 25, 2010 1:35am Oct 25, 2010 1:35am
I hope it will play ping pong on the 4H tf.
  • #24,660
  • Oct 25, 2010 1:41am Oct 25, 2010 1:41am
I am worried that the run may go back straight after i cut it... *99081 can i retrace to even
who raped silver !
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